Read Write Own - A16Z Partner Chris Dixon on TBPN

Blockchains function as essential coordination technologies, distinct from AI’s role in solving intelligence-based problems. Stablecoins represent a critical evolution, acting as an over-the-top global payment network that enables near-instant, low-fee transactions, with monthly volumes now surpassing traditional networks like Visa. This infrastructure, coupled with increasing regulatory clarity and bipartisan support in Washington, provides a foundation for new digital services that remove intermediaries. Venture investor Chris Dixon emphasizes that the crypto sector remains under-competed, offering significant white space for startups to build applications like programmable micropayments and identity solutions using zero-knowledge proofs. By moving beyond simple speculation, these technologies aim to standardize global finance and digital interaction, replacing outdated, fragmented systems with permissionless, efficient protocols that function seamlessly across borders.