758: The Ex-Stock Exchange Brain Behind Ethereum Blockchain

Published: Aug. 21, 2017, 9 a.m.

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Anthony Diiorio. He\\u2019s a serial entrepreneur, venture capitalist, community organizer and thought leader in the field of digital currencies, blockchain technology, and decentralized technology. He\\u2019s the founder and CEO of Decentral and Jaxx and co-founder of the Ethereum project. He previously served as the chief digital officer of The Toronto Stock Exchange.


Famous Five:
Favorite Book? \\u2013 The 7 Habits of Highly Effective People
What CEO do you follow? \\u2013 N/A
Favorite online tool? \\u2014 LastPass
How many hours of sleep do you get?\\u2014 6
If you could let your 20-year old self, know one thing, what would it be? \\u2013 Anthony wished he didn\\u2019t waste his time in university

Time Stamped Show Notes:
00:55 \\u2013 Nathan introduces Anthony to the show
01:38 \\u2013 Anthony got into the industry in 2012 and thought that crypto was going to be more important than the internet
01:57 \\u2013 Before, there was disruption in the internet\\u2014now, you can send value without third parties getting involved
02:21 \\u2013 We\\u2019re now moving onto the age of the movement of value
02:34 \\u2013 Some third party disruptions come from banks and credit bank companies
02:53 \\u2013 You can remove third parties in the value chain and connect more individuals at a lower cost
03:11 \\u2013 With smart contract, you can now automate on blockchain and see a reduction cost
03:38 \\u2013 A blockchain is a ledger system or an accounting system that tracks entries using cryptographics
04:20 \\u2013 Digital currency didn\\u2019t work before because there was no technology for it
04:48 \\u2013 Since you can\\u2019t duplicate something digital, you can claim what is yours
05:33 \\u2013 Decentralized ledgers track what people are sending and receiving
05:57 \\u2013 The decentralized networks are replacing centralized services
06:14 \\u2013 Blockchain is the technology, bitcoin is the example of that technology
06:22 \\u2013 All cryptocurrencies have blockchains below them
06:28 \\u2013 Bitcoin is the first one to have its blockchain
06:30 \\u2013 Ethereum has a blockchain behind it
06:39 \\u2013 Blockchain makes the transactions visible and transparent
06:50 \\u2013 Blockchain provides trust between two individuals
07:40 \\u2013 Tokens are coins but are found on other platforms
07:45 \\u2013 Ethereum is a platform that is made to build other platforms on top of it
07:51 \\u2013 Ethereum provides the infrastructure layer
08:05 \\u2013 There are now tons of projects building coins on the ethereum platform
08:38 \\u2013 Bitcoin has its own coin while ethereum is like a product that incentivizes people to contribute to the network
09:39 \\u2013 Ethereum is like an SDK depending on the developers
11:03 \\u2013 Anthony had a talk with someone who's in the cannabis industry
11:06 \\u2013 Anthony is creating a coin card system where you can buy any coin or currency in convenience stores
11:18 \\u2013 Banks don\\u2019t want to set up accounts for bitcoin companies because they\\u2019re scared
11:47 \\u2013 Anthony sees the same characteristics within the crypto space and cannabis space
12:40 \\u2013 Ethereum is from Decentral, the hub that Anthony made in 2013
12:55 \\u2013 Anthony sees people jumping to the crypto space without even researching
13:15 \\u2013 Look online before investing because scams are everywhere
13:47 \\u2013 Anything that states there\\u2019s a fixed return is fishy so you should seek advice
14:03 \\u2013 Do your due diligence
14:39 \\u2013 Decentral is the brand and Jaxx is the product
14:48 \\u2013 Anthony shares his initial experience with the industry
15:13 \\u2013 Anthony bootstrapped Etherium
15:23 \\u2013 Anthony left Etherium in 2015 to focus on the wallet space
15:30 \\u2013 Anthony realized that the wallet is the browser for the technology
15:51 \\u2013 The wallet contains the value of movement
15:56 \\u2013 Anthony developed a multi-chain, multi-platform digital wallet that enables managing and receipt of valuable digital assets
16:23 \\u2013When you start your Jaxx, you\\u2019re creating a key for your transactions
16:41 \\u2013 You are in full control of your wallet
16:55 \\u2013 Jaxx makes money through integration partners like ShapeShift
17:09 \\u2013 Anthony made $60M from ShapeShift transactions
17:50 \\u2013 Jax just signed 70 partnerships in the space
18:25 \\u2013 The fund that Anthony used for Jaxx
18:45 \\u2013 Jaxx is currently profitable and made $150K last month
19:03 \\u2013 There are exchanges globally that enable you to buy and sell cryptocurrencies rather than wire transfers to your bank account
19:13 \\u2013 There\\u2019s also a bitcoin ATM and Anthony has it
19:32 \\u2013 Jaxx\\u2019s goal is to become the default interface that the masses can use to understand the power of blockchain
21:46 \\u2013 The Famous Five


3 Key Points:
With cryptocurrencies, you can send value without the disruption of third parties.
Do your due diligence\\u2014while cryptocurrency is a hot space for investors, the chances of getting scammed is also very high.
The power of blockchain isn\\u2019t only beneficial for those who are already in the space, but for everyone.

Resources Mentioned:
The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
Klipfolio \\u2013 Track your business performance across all departments for FREE
Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives

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