Circle co-founder and CEO Jeremy Allaire joins a16z crypto founder and founding partner Chris Dixon for a conversation about stablecoins, Circle’s Arc blockchain, and what happens when programmable money meets increasingly capable machines.
Drawing on decades of building and investing through changes in internet technology, Jeremy and Chris reflect on how far crypto has come, what still stands between it and mainstream adoption, and why its most compelling applications may look unfamiliar today.
Highlights
00:00 Intro
01:00 Circle’s original vision for programmable money
06:22 Why institutions started taking stablecoins seriously
11:07 Building a global financial network
14:05 What gives a stablecoin its moat?
19:05 Is crypto still waiting for its iPhone moment?
25:35 Crypto’s growing adoption beyond speculation
27:18 From making existing things better to creating entirely new markets
32:06 The weirdest experiments being built on Arc
36:09 What happens when AI hires AI
37:12 Why the next big thing starts out looking like a toy
38:12 Can blockchains counter AI’s centralizing tendencies?
39:47 How Arc balances openness and accountability
43:32 What the machine economy could look like in five years
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This content is provided for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. The views expressed are those of the individuals quoted and do not necessarily reflect the views of a16z or its affiliates. For important disclosures, see https://a16z.com/disclosures/
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