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Sami Issa of W3BCloud: Lessons Learned Post-FTX Fraud and Continuing to Build the Infrastructure for the Next Iteration of the Internet (EP.231)

Sami Issa of W3BCloud: Lessons Learned Post-FTX Fraud and Continuing to Build the Infrastructure for the Next Iteration of the Internet (EP.231)

FromPanic with Friends - Howard Lindzon


Sami Issa of W3BCloud: Lessons Learned Post-FTX Fraud and Continuing to Build the Infrastructure for the Next Iteration of the Internet (EP.231)

FromPanic with Friends - Howard Lindzon

ratings:
Length:
39 minutes
Released:
Dec 8, 2022
Format:
Podcast episode

Description

We’re here in late 2022 with a complete meltdown in crypto, and I’ve no idea what to make of it. So I wanted to bring Sami back on the show to get a gut check. Post FTX fraud I need to make sense of it all, because I’m still super bullish on this next iteration of the internet – web3, crypto – or whatever we’re calling it. They’re solving real problems for people like me, and I’m trying all these different products around NFTs and communities – but a lot has changed since Sami was here a short time ago. And infrastructure, where W3BCloud is focused, still has to happen if the next set of winners and entrepreneurs are going to build.
I have a different set of questions for Sami who’s been in the hardware, machine, infrastructure side of computers for a very long time. It’s good to hear him explain things about this compute/infrastructure side of web3 and what it’s going to take to grow and scale in an era of decentralization and the blockchain. 
Guest - Sami Issa, CEO & Co-Founder at W3BCloud 
howardlindzon.com, w3bcloud.com 
Twitter: @howardlindzon, @W3BCLOUD, @PanicwFriends, @knutjensen 
linkedin.com/in/samiissa
#fintech #invest #investment #venturecapital #stockmarket #finance 
Show Notes:

Introduction (00:40)

The current panic (00:51)

Important disclaimer (07:26)

Welcome Sami (08:25)

Understanding centralized exchanges (09:56)

Non-custodial wallets (11:29)

Post FTX silver lining (13:32)

Regulation and transparency (14:26)

JP Morgan trademarks a wallet (16:21)

Wallets explained (18:56)

Warren Buffet’s crypto play (22:56)

Infrastructure is needed (24:01)

Artificial Intelligence (24:49)

Size of the crypto market (28:25)

Understanding compute (29:02)

It’s time to build (32:16)

There is no magic money machine (34:02)

Wrapping up (35:07)

An opportunity to start again (36:31)

Closing thoughts (37:30) 
Released:
Dec 8, 2022
Format:
Podcast episode

Titles in the series (100)

Hello, I’m Howard. I’ve been a financial industry entrepreneur and investor for over 20 years. I am a General Partner at Social Leverage - we invest in seed stage software companies. I was a co-founder of Stocktwits and a seed investor in Robinhood and Etoro. On this podcast, you will hear interviews with great entrepreneurs, investors, venture capitalists, traders, and friends about their companies, their track records, and their new fave ideas and trends. This includes best ideas, worst investments, biggest failure, daily habits, and recommended reading. I know your time is precious, so I promise to keep it simple and on point.