Chris Dixon and Naval Ravikant - The Wonders of Web3 And Much More | The Tim Ferriss Show

Chris Dixon and Naval Ravikant - The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs | Brought to you by UCAN (ucan.co/tim), Theragun (therabody.com/tim), Tonal (tonal.com/).
Show Notes: tim.blog/2021/10/28/chris-dix...
Chris Dixon (@cdixon) is a general partner at Andreessen Horowitz, where for the past six years he has been an active seed and venture-stage investor.
Previously, Chris co-founded and served as the CEO of two startups, SiteAdvisor and Hunch. SiteAdvisor was an internet security company that warned web users of security threats. The company was acquired by McAfee in 2006. Hunch was a recommendation technology company that was acquired by eBay in 2011.
Chris has been a prolific seed investor, co-founding Founder Collective, a seed venture fund, and making a number of personal angel investments in various technology companies. Chris started programming as a kid and was a professional programmer after college at the high-speed options trading firm Arbitrade. He has a BA and MA in philosophy from Columbia and an MBA from Harvard.
He has written about his theories and experiences as an entrepreneur and investor on Medium and before that at cdixon.org. His a16z Podcast appearances can be found here.
Naval Ravikant (@naval) is the co-founder and chairman of AngelList. He is an angel investor and has invested in more than 100 companies, including many mega-successes, such as Twitter, Uber, Notion, Opendoor, Postmates, and Wish. You can subscribe to Naval, his podcast on wealth and happiness, on Apple Podcasts, Spotify, Overcast, or wherever you get your podcasts. You can also find his blog at nav.al.
For more Naval-plus-Tim, check out my wildly popular interview with him from 2015-which was nominated for “Podcast of the Year”-at tim.blog/naval. We also had a second long-form conversation in 2020, and you can find that here. His most recent appearance was helping me interview Ethereum creator Vitalik Buterin.
Please enjoy!
00:00 Start
07:44 What smart people do
17:02 Evolution of Bitcoin.
20:20 What are Web1, Web2, and Web3?
27:01 The real promise of Web3.
41:53 What gives digital assets value?
50:07 How Web3 rewards creatives
01:07:35 Gall’s Law and the future of gaming.
01:08:47 Web 3 deep dive
01:22:38 Computer science and hill climbing
01:26:41 Decentralization still in its early days.
01:32:40 Cryptocurrencies and politics
01:47:08 Streamlining philanthropy
01:55:04 Most gifted books.
02:00:09 DAOs
02:03:54 A disclaimer: not financial advice!
02:07:57 NFTs deep dive
02:19:21 Don’t get NFTs? Consider the sneaker.
02:22:11 Friends with Benefits and other DAOs.
SUBSCRIBE: bit.ly/1dSzTkW
LINK TO ALL SHOW TRANSCRIPTS: tim.blog/2018/09/20/all-trans...
About Tim Ferriss:
Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running.
Connect with Tim Ferriss:
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[@shiyas908]

Start 🎤 07:44 Web evolution Chris : 20:55 Web3 naval : 32:00 Nft in games Chris : 56:37 Book Recommendation : Snow crash , Neal Stephenson Movie Recommendation: Ready Player One

[@thekrixhna]

thanks

[@artpatron719]

Appreciate- Kp was here

[@thunderlei1865]

thanks for saving my time

[@tubytootoo]

I started reading snowcrash and couldn’t get into it.

[@alderaanlives4477]

I was wondering…

[@georgeadowei9194]

I will probably listen to this at least another 10 times.

[@mado.madeleine]

Haha same! So much packed in here. Priceless 🙌🏽

[@KaivanDave]

I’m currently at 14 🤯

[@sundaramaniyer2393]

Yes 10 times at minimum

[@Ken-ul6ll]

Why not just take notes and listen to it once but just slowly?

[@cybtb]

Dense. I hear you - great thoughts and worth the replay...!

[@CMV.CREATE]

Starts at 7:44 Excited for this one! Its crazy that I grew up learning about the emergence of the internet, witnessing it's grow through technological expansion and mobile personal computing, and now see the ground floor of an entirely new generation I can be part of in building.

[@yodythewoadie]

BTC has DOGÉ, ETH has SHIB, SOL has SAMO ! Don't miss SAMO! Each generation if a new decentralized federated currency will have less risk but also less profit, still the potential of SAMOs market cap is enough for many many of us to secure generational wealth and retire before age 30. Don't underestimate, I firmly believe SAMO will be responsible for very global and radical changes.

[@MarkSimpson41083]

Thanks for this. Mad it started nearly 8 minutes in 😅😅

[@NNNN-zx8ke]

You’re the GOAT I looked for this comment

[@frederickmusa4485]

Thanks

[@rv7591]

You're doing God's work

[@ironicgambino8987]

Makes me so happy to hear Naval each time on Tim Ferris show. He has so much important info and wisdom to share!!

[@ReallyBigBrother]

This just shifted the entire landscape of my future... thanks guys

[@yog4ever]

I feel honored to listen to this ! Great speakers and priceless content for free . Thank you Tim, Chris and Naval !!

[@dominikgmeiner]

Completely agree. Very stoked listening to this. Thank you!

[@CluelessEngineer]

I like that Naval is featured in some episodes. He is like an addition to an already rich conversation turning gold into diamonds.

[@ttimothytran]

This mic drop by Naval at 1:20:44 made me speechless. You couldn't articulate the selling points of web3 any better than this. Thank you Naval.

[@hiringcafe]

Books that were recommended in this pod: * Snow Crash * Empires of light * The Company history of LLC Movies recommended: * Ready Player One

[@actuitivevisrl1014]

Nice 👍🏼

[@aryanvaghasiya2342]

Thanks

[@j3ffn4v4rr0]

Don't forget the first book mentioned, Godel, Escher, Bach! Highly recommended, a fun deep dive into a wide variety of subjects that are all connected by common threads of logic, meaning, self-reference.

[@artpatron719]

Appreciated it. Kp was here

[@afterveil]

@@j3ffn4v4rr0 ^This - thanks for bringing it up!

[@robertoenamoradoakaroberto5654]

Thank you all for this conversation!! F****** WOW!! Tim, I appreciate your altruistic lens I noticed since 4 Hour Workweek - particularly the anecdote on helping kids towards the tail-end of the book. Love the patriotic passion conved by Chris and support of artists... and as always, Naval is a thought-beast! Take great care y'all ✌✌✌ #ThoughtBeasts

[@betauser6233]

Thank all of you for this epic gem!! 💎💎

[@thetruth603]

To be able to listen to these men discuss these matters free of charge is a blessing beyond value. Thank you so much guys!

[@shaktischauhan]

Man - This Podcast is a piece of History - I think even Tim doesn't realize it fully. BTW - Show Notes are awesome!

[@gemizo1]

this is as big as the Declaration of Independence and I'm only 33 minutes in. I remember playing around with a hotmail account before MS bought it. in those days the internet was a toy. I can't believe I've lived to see this

[@satoshinakamoto7253]

Read more

[@last-life]

Best conversation I've listened to all year! Still digesting and absorbing the info

[@abhishek5887]

“Why did I know about this in 2018 and didn’t do anything about it. Now I am gonna.” Will come back in two years

[@Onlinesupercoach]

One of the most profound conversations of our generation.

[@dhyeyy]

this is a very great podcast for understanding web3🤯. 💙

[@AlwaysBeTheCurious1]

Fainted & recovered… Having checked out the “Show Notes”… A scene from the movie Crocodile Dundee came to mind: “That’s not a knife. THAT’S a knife!”… There are sufficient links and information in those notes, so as to facilitate the attainment of a decentralised degree!!! Proffering up digital fishing rods! Opening not only source, but the secret sauce. Thank you Tim, Chris & Naval.

[@itsismaaa1553]

I think it would be good to have a video format. Great episode!

[@jasonturner5286]

*Listens.. 12 hours later.. Listening again and still getting great info. See you again tomorrow.

[@Nickodubs]

Brilliant conversation, listened to it multiple times to try and catch all of it. I think we need another one of these for 2022, one year on. Please Tim, get the gang back together and make it happen. Don't do it for yourself, or us, do it for the children!!!

[@ResearchNational]

As a KZbin premium member I haven't heard an add in years... that first 7:44 seconds was painful. Sure hope the rest of this is worth it.

[@AwakenedStars]

Legit told my self…. Was what they got paid worth it…. For the ads if I just turn off the video now and not watch the full 2 hours…

[@panoslice]

Great time to be alive.

[@CAArrazola]

This is a fantastic one, thank you! So eye opening 👀

[@craigtelke]

Amazing. It hits me that, the video even abstractly discussed how to improve itself. Recursive awesome = infinite awesome.

[@steamerSama]

from 31:25, excellent summary of the power of web3 using very little words

[@VishalSinghVP]

Lot of gems in video. Will be revisiting multiple times.

[@mwaikul]

Just 34 mins in the podcast but this is going to be one of the most consequential conversations probably for Mankind and one that will be referenced far beyond everyone alive today. Thank you Tim! Naval! and Chris! for sharing your wisdom.

[@ElonMusk-ez5xz]

@@stanvanillo9831 you said “earth-shattering” and also said you can’t understand it’s significance?

[@ElonMusk-ez5xz]

@@stanvanillo9831 🤣

[@mikemccarthy1638]

@elonmusk, Stan Vanillo - Elon, is ‘Vanillo’ Spanish and, if so, does that mean ‘Vanilla’ is feminine, ie, like ‘Plain Jane’?? Then wouldn’t your critic be a ‘Plain Stan’ from ‘Doneswettastan’?

[@ElonMusk-ez5xz]

@@mikemccarthy1638 hang in there for a while, I will release neuralink, and you will be able to communicate clearly. Don’t lose hope my friend!

[@sw23ae]

@@stanvanillo9831 😂😂😂😂

[@hiteshdua3746]

Naval will blow up the NFT space! I am waiting for his originals as NFTs.

[@iammilorex]

I don't think Naval is the type.

[@ababycow]

Thank you for this Tim

[@theycallmedip]

Wow guys this is so important. I really appreciate the heads-up.

[@ContactBrand]

Alux brought me here.

[@jenisonsound7563]

Same here

[@blaeks]

who/what?

[@ContactBrand]

@@blaeks Alux is a KZbin channel

[@angelbaybee3700]

Spent this Sunday morning with guys who are super smart doing what they love...hummmm

[@MittyNuke1]

That excited feeling you describe relating to the revolution of web3 is the same feeling I got when I read the nakamoto white paper back in 2013 and was like… 🤯 holy shit.. this is a MASSIVE game changer. This is a great podcast

[@wildmanmike100]

'Am assuming you didn't just read it but bought a shit load you're still hodling from $0.10 or something

[@themountain3461]

@@wildmanmike100 bitcoin didn't cost $0.10 in 2013

[@Mihic96]

More please with these two bois

[@markwaller650]

Thank you for this guys - really amazing.

[@theusersol]

Absolutely loved this episode. Huge validation for the small group of us invested in the space. More and more it feels like I'm not crazy..

[@tuckerbugeater]

Maybe you're in a cult.

[@theusersol]

@@tuckerbugeater definitely plausible thanks for giving some perspective

[@creativestudiesagency]

"The Internet is bad for creative people. No, web 2.0 is bad for creative people." AGREE!!!!!!!!

[@olivercookson]

Incredible podcast

[@tameyourmonkeymind3382]

Love your videos so much they have inpired me to start my own chanell so thank you

[@georgeadowei9194]

Thanks a lot for this Tim, we are really getting this value for free, I feel quite lucky.

[@ladaemon__]

100%. His guests offer such an interesting perspective.

[@samtaylor143]

1:38:28 “the beauty of our model is everyone uses the US dollar as it’s stable coin…you can’t stop it….it’s ultimately code…and code is just speech, and speech is just ideas….so short of turning off the internet, you’ll miss out on the greatest wealth creation in history.” Wow

[@shaktischauhan]

Man - This is Golden

[@susanwillis5224]

I’m so sick of the social media companies owning everything this is such great news. I deleted all my accounts starting 3 years ago. This is so refreshing to see what’s coming.

[@jasonwright6823]

That is the emotional response the Web 3.0 beneficiaries are banking on to power their next financial killing.

[@sp500-steph7]

I was really hoping for this podcast in 2019 in the crypto bear market

[@Swipes4000]

Finally I can just send one video to people that ask what Crypto/NFTs/Web3 is... Thanx guys

[@johnprentice2710]

This is where it starts

[@CluelessEngineer]

2:26:00 yes. We need naval as the co-host 100%

[@cortezranieri]

I can’t believe this interview is free, while so many of the people I know are wasting their time scrolling through Instagram. We are early.

[@druweezy1]

This is INSANE, its so sad that i stumbled into this... a version of me that missed this, is NOT better off. god this was good.

[@ArtemisBlock]

So much potential in Web3 / NFTs, etc - exciting space! We make videos about this space if you're interested in a skim!

[@StarTreeNFT]

Great episode!

[@mikemccarthy1638]

Somebody earlier mentioned posting a link to a 35-p paper on the concepts. I hope you do…

[@InvestorsOnly]

Great podcast, Tim, very educational and thought-provoking. Seems to me that one still needs a massive following on social media or advertising/marketing to take advantage of launching an NFT or no one will ever know about it; so these non-Web-3 venues won't go away anytime soon...or am I missing something?

[@ranjitn159]

Is there a video version of this? Please reply me if you know

[@chinablossom4144]

Omg he is talking about Thera Gun while I plug mine in…. Agreed so good😆

[@rv7591]

I really wish Tim would add timestamps like some of the others like Andrew Huberman

[@csugabo85]

He has them in the show notes link in the description

[@yigechongzi]

15:46 Naval starts talking about crypto as (one of the new) frontiers.

[@chrisdavey3113]

What are your thoughts on the lack of "control" over crypto and nfts potentially creating massively overvalued assets? Thinking into the future here. If there is mass adoption of these assets and no way to influence the price, then as we have seen in the past, there can be the FOMO element and behavioral finance plays a lot here. Relating back to current times with inflation setting in and asset prices going crazy, governments trying to find that equilibrium. I'm intrigued about the economic consequences of a scenario like this.

[@rushabhpancholi890]

Great podcast... I wonder if you can make video. Like just listening is a bit boaring stuff.... Even though the podcast is great, If video of you guys talking is available then it will be wonderful.

[@anticsbc]

They always had an eye on me.

[@Sharedpath777]

It's the paraphrase as a muggle for me 🤣

[@AreebIrshadHindi]

Hey, could you please add time-stamps so that it's easier for us to get back to a specific moment when we visit this podcast again?

[@anthonykent00]

Until then... Go to the show notes. There's very detailed time codes.

[@memoryfab]

This and oculus is one of the reasons why zuck changed Facebook to Meta

[@annfeeney1662]

I’m in PT for my back pain and I think they are using a device that sounds like the theragun . It’s really cuts into the pain . I didn’t know the device is for sale for use by non-professionals. I think I should get one and then I need to find a boyfriend who enjoys applying the theragun .

[@anuragsuryawani3008]

33:53 You are gonna love this trust me

[@anuragsuryawani3008]

36:45

[@mikhailfranco]

Tim should talk to Joe Rogan. They are both in Austin now. Joe also recently speculated about funding charity using NFTs.

[@lucasscozzarro]

Anyone know what timestamp has Naval describing the mountain climbing theory?

[@clintstrehl631]

1:35:18 where is the link for this?

[@CluelessEngineer]

I would love to know if anyone knows about how cryptos such as Solana or XRP will be used moving forward? any guesses/extrapolations based on what is being said in this episode.

[@user-gw5ns3is7r]

That intro is epic ! hahaha

[@aris9560]

wow! this interview is a gift that keeps on giving. One thing that astounded me the most is how defensive and nationalistic Chris Dixon became when he talked about the risk that the US would lose innovation superiority. I think we're in for a decade of reversed globalisation where nations protect their strategic advantages by controlling the movement of talent and ideas

[@PMKehoe]

Tim and Chris and Naval all about the coinage… :))

[@JavierEzpeleta]

I love Naval so much!!!!!!!!!!!!!!!!!!!!!! But OMG Chris Dixon saying "No crypto company has ever spent a dollar on marketing"? at 26:10 -------- WHAT!! Seriously? All I see is marketing everywhere. Sports, Billboards, I mean.. what??????

[@johnhanlon1403]

Matttt Damonnnnnn!

[@joythought]

That's definitely true. FTX has its name on sports events around the world now. And coins are paying YTubers to shill them all the time.

[@mayurbhor2231]

Although NFT brings justice to creators , it also creates artificial scarcity of something which is practically abundant , thereby creating disparity on internet which is as of now pretty much equal. It will take Status games to next level.

[@andybaldman]

The original promise of the internet was that it would provide freedom and benefit for all by providing digital abundance. Now there's too much abundance, so there needs to be a new technology to create scarcity.

[@LizaJaneFlor]

This is great… eye opening for the novice

[@whatsup6264]

🖕🖕 Thanks ☞☞☞for watching For correct signals on best coins to trade on , message directly.

[@InappropriateShorts]

There’s a surprise at 7:20

[@sachin_adhav]

7:44 start

[@IlyaZub]

35:11 Write code only once. Yeah, like with the left-pad problem in the Node.js world in 2016😄

[@ElevateEveryMan]

Good stuff

[@stephenjames1844]

Doesn’t get more simpler: Less Taxes Invest in Education Keep Us Safe

[@aaroscabrera]

To all Entrepreneurs and Founders: 1:40:30 - upto the end

[@CoachJohnKelly]

Starts at 7:40

[@anticsbc]

EVENTUALLY

[@KevinOroszSpeaks]

So many people are asleep on #Web3 😭this is indeed a Cambrian explosion of creativity, a new Renaissance 💎

[@sunlord75]

I love what the future brings. It's really bright with the web3 coming. However, IMO, Chris Dixon's initiatives with web3 is actually still not decentralized and all the defi, dapps projects that supposedly web3 is still in a centralized pipe. If that server went down, then that's gonna be an outage, right. I'm sure they know and they think about this. Just my two cents.

[@jamesmontgomery8249]

Excellent. To your composabiltiy point. There is a reason you don’t kniw who Freddy keppard is. But u. Do know Louis Armstrong.

[@orharel5284]

What is the name of the book?? 8:20 I've read this book...GERDELSHABAK?! Thanks :)

[@adwaitkulkarni3567]

It's 'Godel, Escher, Bach' by Douglas Hofstadter :D

[@orharel5284]

@@adwaitkulkarni3567 may your BTC x10. thank you very much

[@WalkerAndCiara]

36:00 🚀🤯

[@kimbfwhite]

Naval has what's almost a throwaway comment at 2:19:45 about creating an NFT for a sneaker. Why is that not possible now?

[@davidfeldman5649]

For web3 and media NTFs what will stop people from just copying the content if they're just consuming it for themselves, like music or movies? I'm all for decentralization but it seems like originals / NFTs only have value when there's a social component

[@anticsbc]

I caught their one method.

[@foundational]

26:00 “no web3 company spent dollar on marketing….coinbase no marketing “ lol I’m not on board of coinbase but I know for sure that u could get money from coinbase affiliate marketing program… why would you lie about such simple things?! Like doing marketing is bad. I would love for Chris Dixon to explain the magic of getting users into app without using any marketing.

[@mountainman6172]

"Dude, elon musk doesn't have a marketing/pr department."

[@creativestudiesagency]

"Tokens are self-marketing." This is only because many of these tokens are scarce. Wait until there are 100,000 different forms of crypto. How does one differentiate? They assume everyone will do thy bidding. Sounds like a Multi-Level Marketing scam.

[@jasonwright6823]

Are NFTs driven by psycho mimetic desire? I want what someone else appears to value. I am told it has value. I therefore value it. I then own it. I then hope and prey that others will similarly value it, especially if I bought it by remortgaging my home. This is a very dangerous market to enter. Tim, Chris and Naval need to be a little less effusive and a hell of a lot more responsible in what they say on this subject.

[@jonnythan]

1:22:20 nice

[@JamesTudsbury]

So games and artwork, basically?

[@angeloreyes707]

Advertisements 0:00 - 7:40 Video 8:00-The Rest

[@humphreydavies9439]

Can blockchain,crptos and Nfts bubble in Africa?, or whats your take on that ? imagine living in a third world country and learning about blockchain ,how can you apply it ?

[@zachmeyer_]

"No crypto company has ever spent a dollar on marketing, including Coinbase, I was on the board for years, no marketing" - Chris Dixion 26:00 😂

[@denversupermarket7484]

1:15:00