#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas

Consistency, I think, is the number one thing that people forget. I have not missed tweeting a day in three years. If you do, you lose your spot in the relevancy engine with Twitter.

I was in undergrad during the 2008 financial crisis studying finance and I'm like, my professors don't know shit; neither do the people on TV and neither do these books that I'm reading. And that's what kind of shook my foundational trust and belief in the existing financial system, and that's when Bitcoin came around. When I saw that, I was like, this is a good new way to rebuild the financial system without having to trust these institutions.

I just think simplicity is the ultimate way to go build product. It means that folks find value in your product much more quickly. You can convey the value prop, people discover the value prop, they could activate it at a higher rate.

I've been in Bitcoin for nine years, and that has been a huge fascination for me. I would say the creator economy is not an equal fascination but quickly becoming something very interesting. I think about it as the monetization of all human information ... Creators are just taking whatever knowledge they have locally, putting that on the Internet, distributing it, then monetizing that.

The existing private wealth managers in multifamily offices have no idea of how to service wealthy crypto folks.

Bitcoin plus Ethereum has probably created more individual billionaires than any other project.

Technically, I'm over 100% of my net worth in Bitcoin because I took a small lever position back when Bitcoin was $7,000 at the bottom of the cycle because I believe that Bitcoin, you know, in a bull run, obviously appreciates. So, technically, over 100% of my net worth is in Bitcoin.

Tether is called a stable coin. A stable coin is a representation of a fiat currency, so Tether represents US Dollars, and it's called USDT.

Memes are such an incredible part of how stuff is communicated nowadays ... People can be elected based on memes.