The speaker discusses the fluctuating stock prices of Coinbase and compares it to the changing reputation of AOL in the cryptocurrency market. They highlight the longevity of Coinbase and its potential mainstream impact. They analogize blockchains to steel, emphasizing its role as a building material for creating improved internet services. They predict that the success of blockchain technology will result in visible advancements in internet services, while the underlying infrastructure remains obscure.
Kara and Scott discuss Amazon bringing ads to Prime Video, the jury's $83 million verdict against Donald Trump in the E. Jean Carroll defamation case, and the FTC's investigation of Big Tech's involvement in AI. Then, will the uproar over Taylor Swift and George Carlin deepfakes finally lead to regulation? Plus, what do the ongoing media layoffs mean for the future of journalism? Our Friend of Pivot is Chris Dixon, founder and managing partner of A16Z Crypto, and the author of "Read Write Own: Building the Next Era of the Internet." Chris explains why he (still) thinks crypto and blockchain are the future.
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