Ben Gilbert: commitment

Transcript context

…There's the Naspers in Tencent, and the SoftBank in Yahoo investment and Alibaba, both of those were between $20 million and $30 million that turned into $100-$200 billion. Even that's a 1000X-ish? It just didn't even come close. Yup, pretty crazy. I have not computed the IRR but I bet that's pretty good too. Whether you are hodling on for dear life and riding it to the moon, or whether you think this whole thing is a crazy bubble that's about to pop, there is no denying the unbelievable cleverness of invention of all the math and mechanism behind the Bitcoin protocol itself. It is truly a beautiful and ingenious system, but by who? We don't even really know who invented it. Today, David and I will dive into the complete history behind the creation of Bitcoin, by the pseudonymous Satoshi Nakamoto, the different factions that pushed it to evolve to its several chapters since 2009 into the mainstream today. And we'll evaluate its position today with the same strategic lens we use on every episode here on Acquired. Is Bitcoin a new form of money, an investment opportunity, the start of a new global economy, or just completely a scam? Today, we dive in. If you love Acquired and you want to be a deeper part of what David and I do here, you should become an Acquired Limited Partner. You'll get access to our library of over 50 interviews and deep dives on company building topics, our monthly Zoom calls, and this is new—live access to listen in while we record big events like emergency pods like the Slack one we did a couple of months ago. Yeah, it's so great. That feels like 10 years ago. That was back when Bitcoin was under $20,000.…

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