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William Quigley

πŸ‘€ Speaker
436 total appearances

Appearances Over Time

Podcast Appearances

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And what I tell people who are interested in the crypto space is, you know, do not confuse this with gambling.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

A lot of people think of investing in crypto as gambling, which I think is like

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

a really poor analogy because in gambling, you know, with certainty, what the odds are, you know, with certainty, there's no uncertainty.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

You want to roll the dice.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

You know exactly what the odds are of, of the die rolling a six, right?

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Yes.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

It is random.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Crypto has a random path.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And I think that is what makes it a harder thing for big institutional investors to get behind.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

We don't mind gambling.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

You know, you assess the odds, you decide they work for you and you do it.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

What investors do not like is randomness.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And the past, this last and fourth blockchain happening really put front and center the idea that this is more random right now.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Nor is there.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Yeah, there are not tools to use.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Right.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

In gambling, we assess odds.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

It's simple.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

They're probable probability based.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Right.