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Ryan Sean Adams

๐Ÿ‘ค Speaker
1143 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

And...

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Crypto has that, but only for DeFi, right?

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Like a better DeFi product makes more money, right?

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

I assume, not having tried it.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

You're right about that.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

But Signal doesn't make more money the more users it has.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

It loses more money the more users it has, right?

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Because they pay for the servers and the customer support and whatever else their costs are.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Their costs are only going to go up the more users they have, and they don't make any more money for more users.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

So that's a missing piece of that strategy.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

So, yeah, we can totally win.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

We just have to start with UX and normal users.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

The user experience that normal users have and have some feedback loop where the better products get more and more fuel poured back into them so that we're not just turning into Silicon Valley.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

What is it?

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

It's that that's not extracted from the user.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Like I want the user to pay.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Like basically my solution to all the world's problems is simple, which is people pay for stuff and there's open competition, right?

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

There's no effective capture.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Therefore, competition will make the things that are better for people more prominent and popular over time.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Well, I think that with Linux, it started like that.