Good morning everyone.

I spent the week with my partner Matt (he leads web 3 investing for Social Leverage) and a lot of new and old friends in the Bahamas this week at the FTX crypto event.

I am not down any ‘rabbit holes’ partly because I am 56 and set in my ways. Crypto/Web 3 is money, culture, religion, community, media and trading …so it just is happening and here to stay. Period.

I have been investing in the crypto/web 3 economy for some time so at least I am part of the community that gathers at great events like this.

It was fun to see Rishi, the Stocktwits CEO, being recognized everywhere in his Stocktwits shirts. At Stocktwits, we worked hard back in 2015-2018 to make sure we tickerized this world for sharing ideas and conversation and continue to think about community and the of course the object that is the ticker.

I heard no discussion about Goldman or JP Morgan though many people that have left the banks were here networking. Refreshingly, there were no discussions about Google, Apple, Facebook, Amazon or Microsoft at the event. Right now though it is Apple, Google and Amazon in that order that seem most relevant in this web 3 world.

Visa and Mastercard execs were roaming the halls though and they have made their presence felt which of course is good business as their rails are going to long be a part of web 3/crypto (face to face commerce is here forever).

There were many discussions about how far behind the US is on crypto policy. It makes no sense to me that we have no semblance of policy on taxation and whether these ‘things’ being traded and sold are securities, but all of it is over my pay grade.

I had some great conversations with my pal Raoul Pal who I think really understands money, macro, media, crypto and community. Unlike me, his enthusiasm has taken him further down the crypto/web 3 rabbit holes so he talks to everyone.

I always say there is no such thing as information overload, only filter failure so when I see Raoul I pick his brain because he filters so well.

In this string of four free video clips, Raoul and his guest ‘Punk6529’ do a real nice job in plain english describing what crypto is and why it is inevitable and massive.

The full interview is behind the paywall but if you are into crypto I think a must subscription. I will try and get a discount code and share.

Have a great Friday.