Ali Yahya: Crypto Business Models

Andreessen Horowitz crypto partner Ali Yahya discusses “Crypto Business Models.” Yahya explains that the consensus mechanisms of blockchains create trust among independent participants in decentralized networks. At first glance, this may seem at odds with the idea of capturing value, since none of the factors that allow companies to build moats in traditional industries - trade secrets, intellectual property, or control of a scarce resource - apply in crypto. This leads to the “value-capture paradox” - how can easy-to-replicate, open-source code be defensible in a competitive landscape? The answer is that network effects are just as powerful, if not more so, in crypto than in traditional industries. This is due to the economic flywheel enabled by tokens, which incentivize participants and coordinate all economic activities in crypto networks. Combined with the ability of developers to build on each others’ networks using autonomously executing smart contracts, this should result in winner-take-all dynamics, contrary to what might seem intuitive in open source, Yahya says.
Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a seven-week course to learn how to build crypto companies. Andreessen Horowitz is partnering with TechCrunch to release the online version of the course over the next few weeks.
Find more Crypto Startup School videos plus additional reading and info: bit.ly/2ThsHen

[@nathanwilliams4423]

I had to stop this video after 15 minutes to say; you are probably the best person in the world to explain exactly what digital assets represent and are capable of. I have not yet come across another person on KZbin who is able to explain the theory so simply and concisely. I have watched the very first TED talks about blockchain and tried to understand it but never truly did. Now I understand completely how it works thanks to your representation. Thank you so much.

[@alvarogo6780]

As a business owners & startup founder this is the bet video i have ever seen about crypto! High view inside with an extreme logical thinking. Thanks!

[@MegaXerk]

Ali, you are a jeenyuhs. This was the first video in this series that I paused, rewatched and made notes. Really well done!

[@vubot1]

One of the best videos I've ever watched about crypto. . . and I've seen hundreds.

[@michaelmckenna6216]

Beautifully articulated explanation ... ,fantastic well done.

[@androsd4]

The best presentation, very clarifying.

[@StarfishPhoto]

LOVE LOVE how you explain what the web 3.0 business models looks like!

[@n1_Crims]

Dude you explained the network effects model and flywheel so damn good. That was great

[@sammiezzy]

Like, damn good!

[@gambit1357]

Great Presentation. Excellent Q&A. Much to ponder ...

[@bobbykanae]

I think Yahya has explained blockchain much clearer than many other people.

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@ericwichman-ngau6995]

Thanks for sharing you explained blockchain and PowerPoint slides very easy to listen🎶

[@conradocaon4578]

incredible, Ali. You have just gotten a new fan here... Thanks! & Congrats for the content and Knowledge. Kind Regards from Brazil...

[@sethmartin6844]

That was friggin awesome. Great presentation.

[@8radr]

Mr. Yahya, very nicely presented.

[@pandyandreou5789]

an excellent explanation! thank you Ali

[@rajeshwarig2738]

phenomenal session! wow

[@mikewazowski4472]

Amazing presentation Ali, one of the best I've seen

[@yellowked]

Great presentation, tyvm

[@mnauman09]

Thank you Ali for the amazing presentation.

[@madisonrodriguez6130]

Bitcoin investment is profitable

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@pavansingh8804]

Great explanation Ali!

Brutal explanation!

[@chiragpatel849]

this guy is very intelligent and good at explain things

[@TransLifeChannelRight]

I like the informations. It's good for start-up.

[@esko_______2522]

18:00 wonder Ali's thoughts on how CCIP enables cross-chain functionality .. amazing lecture 10/10

[@dekhaninsaliwa8498]

Great information Ali

[@goldensnitch1614]

he kinda reminds me of zackary quinto lol amazing explanation btw!!

[@JM-to9nv]

Exceptional

[@SirMathur]

This was great! Thank you for sharing this!

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@Yotrek]

42:47 Nobody build this ad network. Instead build a music library where listeners pay per song play. The proceeds go directly to the artists (singer, drummer, keyboardist, producer, etc).

[@tyc00n]

really smart guy, better question answerer than lecturer

[@madisonrodriguez6130]

Bitcoin investment is profitable

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@anthonybrrah]

Ok so what other applications can be built on a blockchain? It seems like majority of the applications is just financial such as borrowing, lending and trading.

[@tdconline8580]

This was so damn informative. Appreciate it 😤⚔️😤⚔️

[@arielvarela7206]

Massive!

[@mrlukemichel6858]

Love the info

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@TalesFromTheBooth]

Most simple explanation 💯 Crypto Eri sent me

[@galibkarim160]

Congratulations Ali, great presentation.

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@madisonrodriguez6130]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@ronhunter6680]

Retention is the answer

[@lukaschmiel8250]

Pandora Box 9:10

[@godu1111]

It annoys me greatly that there are people this smart

[@vaibhavtomar2300]

noice

[@nathanwilliams4423]

at 18 minutes in the video, I think you're telling people Ethereum will be undermined by BSC?!!

[@trenholmelodge1820]

Sounds like the 1600's tulip bulb smart contracts except a lot more complicated. To make it more understandable why not give a concrete example and not a theoritical model. i.e. here is a specific contract which generated 7 tokens and this person gets 2 of them and this other participant gets 5 of them. All his talk (while grreat illlustrations) seems to be veriy theoritical. Please a practical example with specific items and transactions.

[@jackpaperhands]

mhm. and?

[@mikl2345]

I don't think he justified, or defined, what, or why, layer 1s have "winner take all dynamics". There's a lot of power language in this talk, which I don't find convincing.

[@mikl2345]

You people are so greedy. You didn't even bother to mention the fact that Internet protocol didn't capture any value might have some potentially beneficial aspect. It is as if the entire mindset is that of a predator, nothing else.

[@SonyJimable]

Weak

[@madisonrodriguez6130]

Bitcoin investment is profitable

[@madisonrodriguez6130]

Write my manager on what's app to make huge profits in BTC, currently he's trading my cryptos for me and making me huge gains in return

[@jones9107]

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[@ConanXin]

Ali Yahya：加密货币商业模式 Andreessen Horowitz加密货币合伙人Ali Yahya讨论了"加密货币商业模式"（Crypto Business Models）。Yahya解释说，区块链的共识机制在去中心化网络的参与者之间创造了信任。乍一看，这似乎与获取价值的想法不一致，因为在传统行业中公司建立护城河的因素，如商业秘密、知识产权或对稀缺资源的控制，都不适用于加密货币。这导致了"价值获取悖论"--易于复制的开源代码如何能在竞争激烈的环境中得到维护？答案是，网络效应在加密货币中与传统行业一样强大，甚至更强大。这是由于代币所带来的经济飞轮，激励了参与者并协调了加密货币网络中的所有经济活动。Yahya说，再加上开发者使用自主执行的智能合约在彼此的网络上构建的能力，这应该导致赢家通吃的动态，这与开源中可能看起来很直观的情况相反。