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