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Tom Schmidt

👤 Speaker
291 total appearances
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Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

But it is a good product, so kudos to everyone involved on the acquisition.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

Yeah, totally agree.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

I don't think there's anything.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

I think most people would agree actually with keeping under 16s off of social media.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

I think maybe one, the points of disagreement might be having this being implemented by the government instead of parents choosing to have this for their children, which I think most parents are probably choosing to have this for their children.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

And then two, like you said,

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

How do you do this?

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

You need more ID, AIDS verification, which just ends up kind of this kind of slippery slope.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

There's obviously also honeypot for, you know, KYC information.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

And so I think that's kind of the thing people, you know, push back on is today it's, you know, ID verification for kids.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

You know, tomorrow it's who knows what.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

Yeah, I think crypto and decentralized technology ultimately is, it's the ultimate opt-out, right?

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

A lot of private companies, you know, choose to implement these kinds of, you know, age-limiting features or other limiting features.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

I mean, Discord added, you know, age-gating.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

Recently,

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

But it's a private company opting in and they use some kind of smart text.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

You're not uploading your ID or whatever.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

The problem is when you can't escape, what do you do?

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

And I think always having an option to let people choose their own path is pretty important.

Bankless
ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

What am I excited about?