The ultimate goal of blockchain and tokens is to create a trustless system where no party has to trust another, achieved through proper incentives.

Not every startup will need to issue a token; traditional trust-based relationships will always exist alongside tokenized systems.

Tokens and blockchain technology serve as infrastructure for exchanging and transacting value, allowing for programmatic value exchange.

Blockchains solve not just technical problems but also political ones by enabling parties that don't fully trust each other to agree on transactions in a neutral manner.

Cryptocurrencies allow for trustless transactions between humans without the need for a government or corporation to mediate.

Blockchain technology aims to create a decentralized database, but we have yet to fully achieve that goal.

When addressing investors who are cautious about blockchain, focus on telling a compelling story about your company and its unique value proposition, rather than trying to fit into conventional expectations.

Airbnb is not a suitable candidate for a token model because it relies on trust in a central intermediary, which contradicts the need for a decentralized trustless system.

High levels of trust are essential for companies like Stripe, Lyft, and Airbnb, as they involve users engaging with strangers or handling money online.