The Network State Podcast

#4 - The Winklevoss Twins and Balaji

26 snips
Jun 22, 2023
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INSIGHT

Crypto Flipping from America to Asia

  • Gemini is expanding globally and operating in approximately 70 countries.
  • The Winklevoss twins believe a "flippening" will occur, with the APAC and MENA regions surpassing the US as their largest market due to hostile US regulatory environments.
INSIGHT

Crypto-Friendly Jurisdictions

  • The Winklevoss twins highlight crypto-friendly jurisdictions like the UAE, Hong Kong, Singapore, London, Ireland, and the EU.
  • They criticize the US for its hostile regulatory environment compared to the EU's streamlined licensing framework.
ANECDOTE

High Barriers to Entry in the US Crypto Market

  • The Winklevoss twins describe the cumbersome US regulatory process, requiring licenses in nearly every state, creating high barriers to entry for crypto startups.
  • They compare this to the origins of tech giants like Facebook and Google, which emerged from garages and dorm rooms with lower barriers.
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