Listen "012 - Blockchain Billions with Rayne Steinberg from Arca"
Episode Synopsis
What we covered:01:29 – Kurt welcomes to the show, Rayne Steinberg, who shares his background in business, his origin story, and the lessons he’s learned throughout his career10:48 – Rayne tells the story of WisdomTree18:02 – Passive indexation explained22:27 – Rayne provides his perspective on the Great Recession of 200825:35 – Rayne recalls the first time he ever heard about Bitcoin and digital currency28:03 – The mission and vision of Arca33:31 – Rayne provides his thoughts on regulation in the digital asset industry41:07 – Decentralized autonomous organizations (DAOs)47:02 – The value that Arca brings to its customers52:21 – Passive tokenization58:39 – Rayne opens up about the hardest challenges he’s had to overcome throughout his life1:02:32 – The best boss Rayne ever had- his brother Jonathan Steinberg- plus an unknown fact about Rayne and the one band he would go see play live if he could1:05:30 – Kurt thanks Rayne for joining the show and let’s listeners know where they can connect and collaborate with Rayne Episode Sponsor:Hunt Club Tweetable Quotes: “What we’re seeing with digital assets is that a lot of the things that we thought were fundamental truths were really simply technological limitations to the way things were done.”“You participate in a brand’s growth, you reap the rewards that everyone becomes a min investor or allocator of their time. This idea of reengaging people or leveling the playing field or aligning effort with reward, we’ve never seen something that could do it as much as [digital currency].”“We think that there’s a world where investment vehicles – that space between investment and payment – is gonna go down to basically nothing. You’re gonna be able to pay for your coffee without ever leaving your allocation to the S&P 500.”“It [Bitcoin] was an incredibly elegant solution to the concept of money and how one creates money and how one disperses it and how one secures it in a digital world and how one solves things like ‘double spend problem,’ and all done in a decentralized manner.”“So we actually have a duplicative effort where we’re demonstrating to both users and regulators that you can actually have the same functionality of a transfer agent on blockchain and watch that work.” “I think that’s really the power of this [cryptocurrency], more than the returns now, is the philosophical experiment that this is.” Links Mentioned: Kurt’s TwitterKurt’s Instagram Kurt’s LinkedIn Rayne’s LinkedIn Rayne’s TwitterArca Website
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