How crypto was ‘made in China', Dovey Wan of Primitive Ventures
Dovey Wan is a leading VC in Web 3 and has been bridging Silicon Valley to the Asian crypto scene for several years on Twitter and as advisor to Coindesk and Michael Arrington. We talk about her seminal 2018 post ‘Decentralized Journey to the East’ and it’s key themes: how China’s crypto scene emerged out of the hardware used to power Bitcoin mining, to the retail secondary markets and their exchanges that have come to dominate the global crypto markets. We explore the Asian or Kimchi Premium in Korea, crypto’s ‘9’11’, ‘’9-4’’ in the wake of Chinese regulatory clampdown, how it created a global asian crypto diaspora, how Silicon Valley lost its unfair advantage in Web 3 and why crypto is a Matrix like battleground between privacy orientated Neos and central bank digital currency Agent Smith.