Lily Liu on Bitcoin Rationalism
Mr Obnoxious - Un pódcast de Peter McCormack
Categorías:
Interview location: Skype
Interview date: Thursday 7th Feb, 2019
Company: Earn.com
Role: Founder
Protocols, protocols, protocols; so many smart contract protocols, but why? If you look at the history of Ethereum, and the returns generated for investors, you can see why Silicon Valley has been pumping money into decentralising everything.
Ethereum grew over 13,000% in 2017, to over $1400, delivering a massive return to any early investor who managed to exit. These types of performances are rare in venture funding but have turned the heads of funds.
The problem with decentralising everything is the lack of value creation, and DApps are struggling to find significant users. Investors now hold illiquid tokens in many projects which might fail.
In this interview, I talk with Lily Liu, the founder of Earn.com and find out about how Silicon Valley operates and what investors don’t understand about crypto. We also discuss Bitcoin Rationalism, a term coined by Lily and what it means to her.
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Timestamps:
00:04:00: Introductions
00:06:53: Lily’s backstory and introduction into Crypto
00:10:31: Beginnings of earn.com
00:12:38: How the team at Earn decided what direction to focus on
00:14:46: Does the model of earn.com prohibit quality interactions?
00:18:07: Lily’s views on Silicon Valley
00:24:48: How does Bitcoin fit within Silicon Valley
00:28:18: Is the current Crypto space creating and capturing value?
00:33:41: Delving into the culture of the Silicon Valley
00:36:12: How missing out on Ethereum, arguably led to the 2017 bull market
00:39:25: Exploring the concept of Bitcoin Rationalism
00:41:47: What makes Bitcoin different to the rest of the Cryptocurrency market?
00:46:28: Potential ways to increase Bitcoin mass adoption
00:51:41: Why aren’t companies from Silicon Valley focused on Bitcoin?
00:54:59: Bitcoin, Blockchain and Crypto over the next few years
01:00:16: Are Bitcoin and Ethereum securities?
01:03:45: Final comments
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Helpful Links:
Connect with Lily:
- On Twitter @calilyliu
- On LinkedIn
- On Crunchbase
- On AngelList
- At Earn.com
Mentioned in the interview:
- Bobby Lee
- Andreessen Horowitz
- Hashcash
- The innovators Dilemma
- Etheurem ICO
Other relevant WBD podcasts:
- WBD061: Tuur Demeester's Bearish Case for Ethereum
- WBD033: Will Bitcoin or Ethereum Become a Global Digital Reserve Asset with Multicoin's Kyle Samani
- WBD031: Ari Paul on the Fat Protocol Thesis and Product/Market Fit in Crypto
- WBD029: Token Economies and The Fat Protocol Thesis with Jamie Burke from Outlier Ventures
- WBD021: Token Economics and Raising Crypto Capital with Jill Carlson
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