Shopify, SPACs and Status: My Interview with Jim O'Shaughnessy (Part One)

• What was the aha moment for Scott with crypto?
  
  
  • Scott was aware of crypto early, but very skeptical. Saw that everyone was trying to decentralize just for the sake of it. But decentralization has costs. Centralized entities are often more effective in coordinating interaction.
  
  
  • His opinion started to change with examples of use-cases where tech was

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Ezra: I'm convinced that an Internet where you can have ownership and scarce goods is a big deal. My skepticism is that people have mistaken a power problem for a technological problem. I don't understand what about the technology changes the desire for the customer that wants ease of use, simplicity, and that platform developing escalating power (... See more

Silicon Valley famously underestimated commerce as a business model. I don't think I would have a career if Silicon Valley had understood sooner just how good transactions are as a business model and how important they are.