Episode

E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
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1:48:00
Published: Thu Dec 23 2021
Description

(0:00) Catching up on the Web3 wars and Jack Dorsey sounding off (5:10) Biggest Winner - Politics (9:43) Biggest Loser - Politics (14:37) Biggest Political Surprise (22:24) Biggest Winner - Business (26:03) Biggest Loser - Business (30:54) Biggest Business Surprise (35:27) Best Science Breakthrough (42:56) Biggest Flash in the Pan (47:08) Best CEO (52:43) Best Investor (57:12) Best Turnaround (1:02:47) Worth Human Being (1:07:31) Best Meme (1:10:02) Most Loathsome Company (1:14:47) Best New Tech (1:20:22) Best Trend (1:22:17) Worst Trend (1:26:02) Favorite Media (1:34:15) The Rudy Giuliani Award for Self-Immolation (1:39:07) The Besties spread holiday cheer with each other Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://twitter.com/jack https://twitter.com/Jason/status/1473321415285751811 https://twitter.com/cdixon/status/1473150192400486401 https://twitter.com/jack/status/1473155226194616325 https://twitter.com/elonmusk/status/1472754632325795843 https://www.theinformation.com/articles/coinbase-enters-the-metaverse-an-exodus-from-meta-s-novi-unit?rc=g3wfdp https://dune.xyz/rchen8/opensea https://phys.org/news/2021-09-chinese-scientists-starch-synthesis-carbon.html https://www.bbc.com/news/science-environment-55564448 https://www.amazon.com/Gray-Lady-Winked-Misreporting-Fabrications/dp/1736703315 https://www.wsj.com/articles/washington-post-grasps-for-new-direction-as-trump-era-boom-fades-11639695007 https://twitter.com/GavinSBaker/status/1473326791293128706 https://scitechdaily.com/fusion-breakthrough-at-the-brink-of-fusion-ignition-at-national-ignition-facility https://www.amazon.com/Grinding-It-Out-audiobook/dp/B07H4WXR4N https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276 https://www.amazon.com/San-Fransicko-Progressives-Ruin-Cities/dp/0063093626 https://www.amazon.com/Wanting-Power-Mimetic-Desire-Everyday/dp/1250262488

Chapters
The All In podcast hosts give out awards for the best and worst moments of 2021, and share the excitement for their upcoming guest on episode 69.
00:00 - 01:18 (01:18)
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Podcast
Summary

The All In podcast hosts give out awards for the best and worst moments of 2021, and share the excitement for their upcoming guest on episode 69.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
A discussion about Jack Dorsey's love for Bitcoin's censorship resistance and criticism for not standing up for it during his tenure as CEO of Twitter.
01:18 - 04:24 (03:06)
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Jack Dorsey
Summary

A discussion about Jack Dorsey's love for Bitcoin's censorship resistance and criticism for not standing up for it during his tenure as CEO of Twitter.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
Glenn Younkin's surprise win in the Virginia gubernatorial race is seen as a wake-up call to the political class and a win for populist ideals.
04:24 - 09:51 (05:26)
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Populism
Summary

Glenn Younkin's surprise win in the Virginia gubernatorial race is seen as a wake-up call to the political class and a win for populist ideals. The use of blockchain technology in enabling decentralized control systems is likely to grow in importance in empowering individuals with regard to economic and political action.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The far-left and far-right politics are becoming increasingly unimportant as a wave of normalcy and a lack of substance and follow-through undermines their positions.
09:51 - 14:41 (04:50)
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Politics
Summary

The far-left and far-right politics are becoming increasingly unimportant as a wave of normalcy and a lack of substance and follow-through undermines their positions. Determinism is also criticized as a trap.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The speaker draws parallels between Paul Volcker and Joe Manchin, speaking to the pushback and ill will Manchin is currently receiving from passing on Build Back Better, and how in time it will be appreciated that he was courageous in taking this step.
14:41 - 21:43 (07:01)
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Politics
Summary

The speaker draws parallels between Paul Volcker and Joe Manchin, speaking to the pushback and ill will Manchin is currently receiving from passing on Build Back Better, and how in time it will be appreciated that he was courageous in taking this step. In addition, the speaker comments on Kamala Harris' perceived lack of ability to connect with both the American people and her progressive base.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The retail investor class was the biggest winner in business in 2021, with their ability to coalesce and organize to make trades that moved the market against institutions, highlighting their power and ability to act as a stronger force in the markets than institutions.
21:43 - 27:20 (05:36)
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Retail investors
Summary

The retail investor class was the biggest winner in business in 2021, with their ability to coalesce and organize to make trades that moved the market against institutions, highlighting their power and ability to act as a stronger force in the markets than institutions.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The market cap of big tech companies has likely reached its peak and Moderna has emerged as a major player in vaccine and biotech.
27:20 - 38:24 (11:04)
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Big Tech, Moderna, Biotech, Vaccines, Bubble
Summary

The market cap of big tech companies has likely reached its peak and Moderna has emerged as a major player in vaccine and biotech. There is a risk of a bubble in speculative transactions.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The traditional definition of herd immunity may not apply to the COVID-19 pandemic and the concept will continue to evolve as more people get vaccinated.
38:24 - 43:40 (05:15)
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COVID-19, space exploration
Summary

The traditional definition of herd immunity may not apply to the COVID-19 pandemic and the concept will continue to evolve as more people get vaccinated. Meanwhile, advancements in space exploration, such as the development of the BFR rocket, will change the nature of humanity and our understanding of science.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The speaker suggests we need real solutions that give people value, rather than just buzzwords like metaverse and web3.
43:40 - 49:20 (05:39)
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Technology
Summary

The speaker suggests we need real solutions that give people value, rather than just buzzwords like metaverse and web3. He also discusses the success of certain companies and the need for leadership to listen to citizens and provide protection.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
Brad Gerstner, an early investor in Rivian, Upstart and FTX, believes in the power of speaking authentically to people and telling a big story about where the world should go.
49:20 - 54:30 (05:09)
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Business
Summary

Brad Gerstner, an early investor in Rivian, Upstart and FTX, believes in the power of speaking authentically to people and telling a big story about where the world should go.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
Brad Gerstner had the largest IPO this year and came out as a huge winner both economically and politically with his investment deals.
54:30 - 59:22 (04:52)
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Investments
Summary

Brad Gerstner had the largest IPO this year and came out as a huge winner both economically and politically with his investment deals. Sequoia won as the best return with new transitions.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
This episode covers various topics such as Apple and antitrust, Twitter's future, the Disney ecosystem, Elizabeth Warren, and the recent US events.
59:22 - 1:08:48 (09:26)
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Business
Summary

This episode covers various topics such as Apple and antitrust, Twitter's future, the Disney ecosystem, Elizabeth Warren, and the recent US events.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.
1:08:48 - 1:12:03 (03:14)
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Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
Summary

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The podcast guest discusses the potential of web 3.0 and how it will lead to greater capital formation and challenges being tackled as a unit.
1:12:03 - 1:18:01 (05:58)
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web 3.0
Summary

The podcast guest discusses the potential of web 3.0 and how it will lead to greater capital formation and challenges being tackled as a unit. They also mention the possibility of a group subscription for independent media publishers, allowing subscribers to access multiple sources with split payment.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The concept of plasma fusion involves controlled nuclear reactions to generate energy without causing a runaway breakthrough nuclear reaction.
1:18:01 - 1:24:39 (06:37)
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Energy Production
Summary

The concept of plasma fusion involves controlled nuclear reactions to generate energy without causing a runaway breakthrough nuclear reaction. The National Ignition Facility has come close to achieving energy abundance through this process, which mimics how energy is produced on the sun.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The emergence of web 3.0 and blockchain technology is triggering a revolution that will lead to alternative ways of governing ourselves.
1:24:39 - 1:30:20 (05:41)
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Web 3.0
Summary

The emergence of web 3.0 and blockchain technology is triggering a revolution that will lead to alternative ways of governing ourselves. People find value in digital goods and accomplishments in the digital universe, propelling the trend towards the metaverse and self-governance.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The ability to be likeable and have institutional credibility is important in politics, especially when it comes to presidential candidates.
1:30:20 - 1:39:03 (08:42)
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Politics
Summary

The ability to be likeable and have institutional credibility is important in politics, especially when it comes to presidential candidates. Deterministic statements regarding the COVID-19 vaccine have damaged the reputations of both sides, and the populist diatribe heard from both sides comes from the allocation of resources, capital, and power to a select few people.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The moderator expresses appreciation and respect for the other podcast host and their efforts in a world where many people are not taking action.
1:39:03 - 1:42:46 (03:42)
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Podcasting
Summary

The moderator expresses appreciation and respect for the other podcast host and their efforts in a world where many people are not taking action. The conversation leads to discussing their favorite moments of the show.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The speaker expresses confusion about a movie and discusses the Jake's feud with Sax and J. Cal, as people were curious whether it was real or fake for ratings.
1:42:46 - 1:44:21 (01:35)
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Entertainment
Summary

The speaker expresses confusion about a movie and discusses the Jake's feud with Sax and J. Cal, as people were curious whether it was real or fake for ratings.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the importance of maintaining discipline and hard work while pursuing success, with a comparison to the strategies of the Warriors basketball team.
1:44:21 - 1:47:50 (03:29)
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Success
Summary

The podcast discusses the importance of maintaining discipline and hard work while pursuing success, with a comparison to the strategies of the Warriors basketball team. The conversation also touches upon a recent controversy regarding a band's decision to replace a guitarist.

Episode
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Podcast
All-In with Chamath, Jason, Sacks & Friedberg