Bankless

108 - I Was Wrong, We Need Crypto | DHH

15 snips
Mar 7, 2022
David Heinemeir Hansson, co-founder of Basecamp and creator of Ruby on Rails, shares his compelling transformation from crypto skeptic to advocate. He discusses how events like the freezing of Canadian bank accounts sparked his interest in crypto as a tool for safeguarding civil liberties. DHH reflects on the importance of adaptability in opinions and the potential of cryptocurrencies to combat government overreach. The conversation dives into the challenges of tribalism in societal debates and emphasizes the need for clarity in the evolving crypto landscape.
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ANECDOTE

DHH's Background

  • DHH co-founded Basecamp and HEY, starting Basecamp before SaaS was even a term.
  • He later launched HEY, an email service, and battled Apple over App Store monopolies.
INSIGHT

Crypto Skepticism

  • DHH's skepticism stemmed from crypto resembling the scams and charlatans of the dot-com bust.
  • He acknowledges crypto's awkward phase but sees potential for growth, like the dot-com boom's fiber cable investments.
INSIGHT

Cult-like Perceptions

  • The "HODL army" and laser eyes felt cult-like to DHH, promoting faith over practicality.
  • He questioned crypto's real-world use and found arguments for it lacking, focusing on its present limitations rather than future potential.
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