Chris Dixon: belief

Transcript context

…Circa 2025, we’ve seen a lot of international cooperation break down. The WTO basically doesn’t work. The UN, I would say, has not worked in some while. Intellectual property law — that still works. Agreements on trying to end various wars — those are not working. So, it seems unlikely to me that the US could convince the world, in essence, to copy our stablecoin regulation, even if we tried to use SWIFT. We’ve pushed the SWIFT incentive on countries very hard. It’s shown its limits. Again, why don’t we just end up with these significant corners where the most profitable stablecoins are outside of what the US wants to do with them? I think it’s partly also, what do you want to do with the stablecoin? Who’s using the stablecoin? I’ll just give you an example. The Stripe founders — I think of Stripe as a very smart financial services firm and who, by the way, were not particularly . . . they had done crypto 10 years ago, and then had really soured on it. I think you know Patrick and John pretty well. Sure.…

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