This episode is brought to you by:

Fidelity Investments. Fidelity is a company that is constantly researching and experimenting with emerging technologies, like crypto assets and blockchain, to improve the lives of their customers. Fidelity provides a comprehensive set of products and services to individual investors, employers, and financial advisory firms.

Show Notes:

[00:00:05] – Recap of part 1 and introduction to part 2 of Hash Power

[00:02:58] – Ari Paul, CIO of Blocktower explains how he got involved in cryptocurrencies

[00:05:23] – Why do we need bitcoin

[00:07:23] – Polychain Capital founder Olaf Carlson-Wee on why the value of tokens accrue

[00:09:23] – How mainstream money is getting into this space

[00:12:26] – Useful comparisons when talking about ICOs when compared to IPOs

[00:15:01] – Naval Ravikant, CEO of Angellist, is asked to explain the protocols of cryptocurrencies to platform businesses like Uber or Airbnb

[00:17:43] – Naval’s interest in investing in cryptocurrencies

[00:18:42] – Why average folks should avoid it before they dive thoroughly into the topic

[00:20:25] – What are the most compelling counter-arguments to using cryptocurrencies

[00:23:07] – Olaf Carlson Wee on the lifecycle of a token

[00:25:31] – What is the earliest stage that edge is most present for investors in cryptocurrency protocols

[00:28:12] – How do you mitigate the volatility that is present in blockchain

[00:31:18] – Jeremiah Lowin, a risk and statistics expert, who runs risk management for a large private family office, talks about why he no longer owns cryptocurrencies

[00:34:19] – Jordan Cooper, a venture capital investor, is optimistic about blockchains in general, but thinks there may be some overvaluations in current currencies

[00:37:02] – How Jordan would value a single cryptocurrency

[00:43:52] – Josh Seims, of Metastable, the value investor in blockchain?

[00:51:15] – Ari Paul on the equivalent of listed stocks in the cryptocurrency world

[00:52:33] – Understanding the concept of a coin in blockchain and how people are getting access to them

[00:55:07] – The fairground analogy to understand cryptocurrencies

[00:57:57] – What lessons from traditional markets can you apply to investing in cryptocurrencies

[01:02:48] – Where do family offices stand when it comes to jumping into this space

[01:06:51] – Ari is asked to discuss some of the alternative cryptocurrency