Andreessen Horowitz Podcast: Why Crypto Tokens Matter

*Excellent* discussion between Andreesen Horowitz GP Chris Dixon and Coinbase Co-Founder Fred Ehrsam on crypto tokens. They cover the gamut of different protocols in the space, the history of the industry's development, high-level pontification about the tradeoffs between centralization and decentralization, how to think about governance in distributed communities, the importance of incentive structure design, network effects, and more. If you click one link from this week's Crypto Brief, let this be it!

At the end of the day, the key word through it all is incentives. And it’s a testament to the power of getting incentive structures right that someone pseudonymously dropping a 9-page whitepaper onto the internet led to a $70 billion cryptocurrency, a whole ecosystem of companies and users, and the largest supercomputer network in the world. 


Want to receive more content like this in your inbox?