Keith Rabois

The question is, what do you do about that? And I don't have an answer for you right away. I have some ideas.

The question is, what do you do about that? And I don't have an answer for you right away. I have some ideas.

Well, short version on crypto generally is I still think the primary use case is speculation. And not that there's anything wrong with that. People speculate on stocks, retail, trading. People speculate on football games, gambling. Like the natural tendency for humans to want to speculate is very real.

Well, short version on crypto generally is I still think the primary use case is speculation. And not that there's anything wrong with that. People speculate on stocks, retail, trading. People speculate on football games, gambling. Like the natural tendency for humans to want to speculate is very real.

The art to me is because everybody's now a node connected into these crypto, let's call Bitcoin, you know, Can you build an application on top that would have too much inertia, too much friction to start from scratch, but it has real value? And I think it's possible because so many people are now connected based upon speculation initially. So that's what's exciting to me. But, you know,

The art to me is because everybody's now a node connected into these crypto, let's call Bitcoin, you know, Can you build an application on top that would have too much inertia, too much friction to start from scratch, but it has real value? And I think it's possible because so many people are now connected based upon speculation initially. So that's what's exciting to me. But, you know,

We've watched speculation before in crypto markets and it's very volatile. So hopefully someone builds real layers of productivity or utility on top, but takes advantage of the network.

We've watched speculation before in crypto markets and it's very volatile. So hopefully someone builds real layers of productivity or utility on top, but takes advantage of the network.

It's a little bit like back in your days at Facebook, Chamath, you had the social graph and you'd say, you can build applications on top of the social graph, but if you had to create a social graph from scratch, that was a heroic effort and nobody else was going to do it. That was like literally the Facebook monopoly story. And so I think that's true of crypto. There's lots of nodes.

It's a little bit like back in your days at Facebook, Chamath, you had the social graph and you'd say, you can build applications on top of the social graph, but if you had to create a social graph from scratch, that was a heroic effort and nobody else was going to do it. That was like literally the Facebook monopoly story. And so I think that's true of crypto. There's lots of nodes.

Someone's got a sociographic net.

Someone's got a sociographic net.

Someone's got to build the application on top. And then it'd be extremely exciting.

Someone's got to build the application on top. And then it'd be extremely exciting.

40 to 42, like measured by eight sleep, typical day.

40 to 42, like measured by eight sleep, typical day.

Ooh.

Ooh.

Well, we'll see. I don't know if I would have made that trade, honestly, but it's complicated. For Carl Anthony Towns? Really? Yeah. Fascinating. He's playing so good. I know, but I think he had the chemistry all dialed in. Hopefully they can build back better. Build back better, absolutely.

Well, we'll see. I don't know if I would have made that trade, honestly, but it's complicated. For Carl Anthony Towns? Really? Yeah. Fascinating. He's playing so good. I know, but I think he had the chemistry all dialed in. Hopefully they can build back better. Build back better, absolutely.