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Why Now Is The Best Time To Build In Crypto

Why Now Is The Best Time To Build In Crypto

13 segments available

We are entering the era of Fintech 3.0. Regulatory clarity, growing consumer adoption, and low-cost chains have paved the way for a golden age of building in crypto — and at YC, Base, and Coinbase we want to fund builders to seize this moment. In this episode of Main Function, YC's Harj Taggar and Base's Jesse Pollak sat down to discuss what kinds of companies they're most excited to see, why this is such an exciting time in crypto, and what the future could look like onchain. More on our latest RFS: https://www.ycombinator.com/blog/build-onchain Apply to Y Combinator: https://www.ycombinator.com/apply Work at a startup: https://www.ycombinator.com/jobs Chapters: 00:00 – The Golden Age of Crypto 02:00 – Jesse’s Path to Coinbase & Base 04:00 – From Fintech 1.0 to Fintech 3.0 07:00 – Why Lowering Costs Changes Everything 10:00 – L1 vs. L2, Simply Explained 13:00 – How to Build Your First Crypto App 16:00 – Regulation: Bottleneck or Unlock? 19:00 – Stablecoins as the Killer Use Case 23:00 – Beyond the Dollar: Local Stablecoins 27:00 – Tokenization of Assets 31:00 – New Asset Classes & the Creator Economy 35:00 – What Coinbase Looks for in Founders 39:00 – The Future of Crypto in 10 Years

Segments Timeline

1
0:00 - 2:01
2:01 duration402 words

The Golden Age of Crypto

"We've entered the golden age of crypto building where we finally have the tools and now it's about entrepreneurs coming in and saying how do we use these tools to make 10x impact for businesses or to ..."

2
2:01 - 4:00
1:58 duration453 words

Jesse’s Path to Coinbase & Base

"feel like crypto is maybe going through its own chatbt moment right now? >> Candidly, no. And I think the reason I say no is because if you ask a friend or family member, I don't think they'd say, "Oh..."

3
4:00 - 7:00
2:59 duration696 words

From Fintech 1.0 to Fintech 3.0

"actually it's like it's like cheaper to send a wire transfer than like the gas fees on like certain chains when they're congested 100%. And we we think about this as the broadband moment for crypto wh..."

4
7:00 - 10:00
3:00 duration695 words

Why Lowering Costs Changes Everything

"the power of like a a layer 2 blockchain is or base is what's your recommended like you know hello world or or blog engine app that they should one app that I think will will just be really powerful i..."

5
10:00 - 13:00
3:00 duration684 words

L1 vs. L2, Simply Explained

"build something really good here and it was actually like you if you're building a hardware company you're building robots you kind of need to have like some experience building hardware and robots an..."

6
13:00 - 16:01
3:01 duration700 words

How to Build Your First Crypto App

"cominator community in our portfolio of companies. I was looking at this some of our fastest growing companies at the moment the AI companies definitely get lots of attention but we have like dollar a..."

7
16:01 - 19:00
2:58 duration660 words

Regulation: Bottleneck or Unlock?

"time, you know, as I've talked to builders and as I've talked to to regulators and businesses in in countries around the world, so many of them have excitement about dollar stable coins because they s..."

8
19:00 - 23:01
4:00 duration860 words

Stablecoins as the Killer Use Case

"and figuring out how to custody. I think one of the really really powerful things about um crypto is that it's built in such a way where it's composable, right? And so if you build around one stable c..."

9
23:01 - 27:01
4:00 duration903 words

Beyond the Dollar: Local Stablecoins

"decentralized system but then you need chargebacks you need escrow and now we're just like reinventing the same thing over and over again there's no innovation here. It's clear why this is better for ..."

10
27:01 - 31:00
3:59 duration866 words

Tokenization of Assets

"those really scaled network effects that have been built up around intermediaries who are intermediating transactions whether those are social transactions or commerce transactions or financial transa..."

11
31:00 - 35:00
4:00 duration924 words

New Asset Classes & the Creator Economy

"okay, how do we look for existing systems that are broken and how do we use this new technology to make them more efficient and deliver value to customers with that. I think the other way of thinking ..."

12
35:00 - 39:01
4:00 duration924 words

What Coinbase Looks for in Founders

"We we never almost never see it work where it's like I have an idea and I'm going to farm it out to someone. You have to be a builder. And whether that's, you know, writing the code or building the co..."

13
39:01 - 41:56
2:55 duration669 words

The Future of Crypto in 10 Years

"think they were doing was um interesting innovative is that they wanted to like actually verify that the collectibles were like um authentic and so they would they would actually manually verify that ..."