Sahil Lavingia — From Web 2.1 to Web 3 (EP.87)

Most people don’t start. Most people who start don’t continue. Most people who continue, give up. Many winners are just the last ones standing. Don’t give up

Countries are viewing crypto as a risk to the government or an opportunityIndia is proposing a ban on private crypto wallets while El Salvador is recognizing Bitcoin as a legal tender-The lowest tax rate is the tax rate, exit power is becoming more affordable-Sahil believes the progress of the internet will make it virtually impossible for there to... See more

On-chain systems will move us away from the macro-economic system we currently use-No centralized authority, web3 will be the truest form of democracy-Any trade will be possible as long as there is a buyer and a seller-Volatility will result in better products and services-“My margin is your opportunity” – Sahil Lavingia

“The final boss of web3, crypto, and decentralization is the United States Federal Government” – Sahil Lavingia-Smart contracts allow collective action without relying on trust-Smart contracts could allow you to vote on specific bills and allocations, rendering the need for politicians-A DAO is a treasury, where people vote on who to give money to

“I think we will get to a place where there is no real distinction between the metaverse and the universe, they are the same sort of thing”

From the book: The Beginning of Infinity: Explanations That Transform the World by David Deutsch

• We believe we know everything now, we don’t


• Anything that doesn’t violate the laws of physics, is possible


• We are not slightly smarter monkeys – we are ‘universal explainers and connectors”

Sahil invested in Tesla shares when it had a $2 billion valuation just because he had heard of Elon Musk from PayPal and the tech community. Trust yourself when you’re ahead of the curve.

Gumroad is a marketplace platform for individuals to sell courses, knowledge, and other digital servicesHad the idea for Gumroad over the weekend and launched it by Monday“The best ideas you can build in a weekend” – Sahil LavingiaWeekend time constraints help you pare down what you really need to get your idea off the groundMarket feedback > Pe... See more

Pessimists sound smart, optimists make money You could say every single startup will fail – you’ll be right 90% of the time, but you won’t be rich