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The Pomp Podcast
#1286 Qiao Wang | Crypto Analyst Reveals His Big Bets for 2024
Dec 20, 2023
Qiao Wang, Founding Member of Alliance DAO & Messari, discusses speculation in VC's vs crypto users, degens & early adopters, the decentralized utopia, Coinbase's blockchain, stablecoins vs bitcoin in Friedrich Hayek's vision, artificial intelligence, and more.
52:37
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Quick takeaways
- Speculation is viewed differently by crypto users and VCs, with users embracing it as a tool for wealth generation while VCs may be disillusioned with its speculative nature.
- Early adopters, known as degens, have played a vital role in driving adoption and innovation in the crypto space, embracing risks and paving the way for future developments.
Deep dives
Speculation as Contrarian Idea Among Crypto VCs
Speculation is seen as the most consensus idea among crypto users, but is viewed as contrarian by many VCs. While VCs may be disillusioned with the speculative nature of the current crypto market, users widely embrace speculation as a tool for wealth generation. The discrepancy in perception may stem from the belief that speculation is a zero-sum game for most people, unlike venture investing, which is seen as a positive-sum game. However, speculation plays a crucial role in bootstrapping crypto networks and has become a significant driving force in the industry.
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