The Logan Bartlett Show

EP 21: Aztec’s Jon Wu Joins Zach’s Crypto Debate, Plus the Celsius Disaster & Crypto as Bird Talons

Jun 18, 2022

01:22:28

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Quick takeaways

Decentralized finance (DeFi) has the potential to revolutionize traditional financial systems through open financial systems and permissionless products enabled by blockchain technology.

The recent issues at Celsius, a cryptocurrency lending platform, highlight the risks of opaque lending practices and risky investments leading to potential insolvency and broader market impact.

Crypto loans are over collateralized, reducing systemic risks and enhancing capital efficiency compared to traditional loans that may lack hard collateral.

Venture investors in crypto prioritize tokens over equity, leading to challenges in valuation and evaluation frameworks due to the unique upside potential of tokens.

Deep dives

Introduction and Guest Background

The podcast episode begins with the host, Logan Bartlett, introducing the featured guest, Sack Weimberg. The guests discuss their recent experiences, including attending weddings and upcoming travel plans. Sack Weimberg, the head of growth at Aztec Network, shares his background, mentioning his previous roles in management consulting, private equity, and startups before entering the crypto industry.

Cryptocurrency

05:10

I Think the VCs Are a Good Source of Capital, Right?

02:58

Is the Game Creator Going to Allow Me to Transfer My Digital Goods Between Games?

04:45

Introduction

2min

How Did You Become Into Cryptocurrency?

2min

Is There a Crypto Theorium?

6min

Uniswap - What Is It?

4min

Mortgages on Block Chain - The Oracle Problem

3min

Is There a Use Case That Matters?

3min

Cryptocurrency

2min

Cryptocurrency

5min

Is China Controlling Bit Coin?

2min

10.

Is There a Tension in All of This That Exists in the Crypto Industry?

3min

11.

What's Going on With Celsius?

3min

12.

Why Does Defy Work?

4min

13.

The Future Is a Digital Car, Right?

2min

14.

Is the Game Creator Going to Allow Me to Transfer My Digital Goods Between Games?

5min

15.

Etherium

3min

16.

The Liquidity Crisis

2min

17.

Cryptocurrency

4min

18.

The Robot Lending Protocol Is Going to Dump 500 Million Dols of Bicoin

5min

19.

Do You Think Faccines Cause Autism?

4min

20.

Are You a Venture Investor?

2min

21.

What's the Market Cap of Gold?

3min

22.

I Think the VCs Are a Good Source of Capital, Right?

3min

23.

Tokens Aren't Regulated, Right?

2min

24.

I've Never Heard of a Spack

2min

25.

I'm Gonna Be Like, Hilo, What's the Use Case?

5min

26.

Early Venture Pitch

2min

(00:00) Intro

(01:19) Introducing Jon Wu

(04:40) What is Ethereum?

(08:10) Present and future of crypto

(12:53) How Jon got into crypto

(17:48) The oracle problem

(19:58) Real world crypto uses

(23:07) Post speculation

(29:15) Lack of sovereign money

(35:00) What’s happening with Celsius?

(37:30) Why does DeFi work?

(42:00) Digital goods

(48:06) Celsius state of play

(55:40) Celsius’ impact on the crypto market

(59:29) Crypto regulation

(1:05:31) TAM analysis

(1:10:08) Youth in crypto

(1:12:21) VCs in crypto

(1:19:52) Why should we care about crypto?

(1:27:20) The jetpack example

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

🎙 Listen to the show

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Follow on Socials

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About the Show

A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

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Follow on Socials

📸 Instagram - https://www.instagram.com/theloganbartlettshow

🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.

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The Logan Bartlett Show

EP 21: Aztec’s Jon Wu Joins Zach’s Crypto Debate, Plus the Celsius Disaster & Crypto as Bird Talons

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Introduction and Guest Background

Zero-Knowledge Technology and Transition to Crypto

Critical Analysis of Ethereum and Decentralized Finance

Challenges and Controversies in Crypto Industry

Impact of Permissionless Lending and Liquidity Crisis

Crypto Loans and Risk Management

Venture Capital and Token Valuation in Crypto

Cryptocurrency

I Think the VCs Are a Good Source of Capital, Right?

Is the Game Creator Going to Allow Me to Transfer My Digital Goods Between Games?

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
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podcast player

Discover
highlights

The Logan Bartlett Show

EP 21: Aztec’s Jon Wu Joins Zach’s Crypto Debate, Plus the Celsius Disaster & Crypto as Bird Talons

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Introduction and Guest Background

Zero-Knowledge Technology and Transition to Crypto

Critical Analysis of Ethereum and Decentralized Finance

Challenges and Controversies in Crypto Industry

Impact of Permissionless Lending and Liquidity Crisis

Crypto Loans and Risk Management

Venture Capital and Token Valuation in Crypto

Cryptocurrency

I Think the VCs Are a Good Source of Capital, Right?

Is the Game Creator Going to Allow Me to Transfer My Digital Goods Between Games?

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

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Discoverhighlights

Get the Snipd
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