Gary Vee on Why Blockchain Will Kill Middlemen

In this interview, Gary Vaynerchuk discusses his personal evolution and  emphasizes two fundamental points for business success:

  • Be passionate about the customer
  • Have an outrageous work ethic

The future of the internet is voice search, including Amazon Alexa and Google Home.

Use all social media platforms the people you want to reach are using.

Regarding getting your message out to the world: physical activities, such as the conference they are attending, are secondary to the internet and social media.

In terms of media platforms, he advocates creating no friction in the way people want to consume information.  Whether writing books, recording podcasts or creating videos, help the end user get info the way they prefer to consume it.

Building a brand is vital in our world of commoditization of products and services.

Blockchain will eliminate the margins in financial services and other businesses.

When you make money as a middleman and the internet and blockchain come along to replace the middle, you’re in trouble.

Blockchain Patience And WW III?

Gary Vee speaks about blockchain at the ChainXchange conference in Las Vegas on August 14, 2018.

He emphasizes patience, stressing that we are still early in the game.

He suggests becoming a practitioner in the execution of blockchain within your craft to make a long-term impact.

Re cryptocurrencies, he warns that it’s likely that 90-98% of currencies won’t make it. He notes that blockchain is a foregone conclusion, but the currencies built on it are not.

99% of people’s understanding of blockchain begins and ends with Bitcoin, which further signals that we are at the beginning.

If you truly understand blockchain and its inherently decentralized nature, how would China, Russia and the United States accept and allow it to happen? Other than atomic bombs and armies, it takes away all their leverage. Parallel this with a global movement of nationalism and blockchain becomes more vulnerable than you might think.

The internet has already upended the status quo and they don’t want blockchain to execute a 2.0 version on them.

The nirvana of blockchain at scale equates to the dynamics of WW III.