John Collison Profile picture
Aug 13 2 tweets 2 min read Read on X
In our latest Cheeky Pint, @vladtenev of Robinhood and I discussed hoarding Bulgarian copper pots, his pitch to tokenise private stocks, how Michael Lewis got Flash Boys wrong, Vlad’s admiration for Frank Slootman, and what he’d do as SEC Chairman. I also discovered that Vlad can do a handstand push up. (He nearly took down the Cheeky Pint set.)

Timestamps
00:00 Intro
00:58 Hyperinflation in Bulgaria
04:07 Stablecoins
05:41 Home country bias in investing
06:59 Robinhood’s origins
11:23 What the book Flash Boys got wrong
16:11 Options vs equities
17:38 Robinhood Gold
19:34 Robinhood Banking
22:04 GameStop advice from Benioff, Zuck, and Elon
26:40 Impact of retail investors on capital markets
31:21 Where retail dollars are coming from
32:10 The gamification narrative
34:17 Tokenizing private companies
41:57 Vlad makes his pitch to tokenize Stripe
45:00 Prediction markets: tennis, the pope, and AI
49:26 If Vlad ran the SEC
51:15 How does Robinhood ship so fast?
52:38 Remote work and Robinhood’s founder community
55:39 “What would Frank Slootman do?”
57:32 Active traders
59:46 Killing Robinhood’s cash card
01:02:36 Harmonic and mathematical superintelligence
Subscribe to get new episodes as they’re released:

Spotify: open.spotify.com/episode/7frmKZ…
Apple Podcasts: podcasts.apple.com/us/podcast/rob…
YouTube: youtu.be/_F8SfqaYeq4
Full transcript on Substack: cheekypint.substack.com/p/robinhood-ce…

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More from @collision

Feb 24, 2021
🧵 Delighted today to announce a partnership two years in the making: @UL, @Stripe, and many other companies are teaming up to launch Immersive Software Engineering, a new undergrad degree. software-engineering.ie
How does it work? ISE students have a more intensive course load, but graduate in 4 years with a Masters degree and spend 45% of their time practicing software engineering at leading technology companies.
Learn the foundations at university, then put it into practice getting paid to write drone routing software at @MannaAero, build fraud-prevention systems at @Stripe, develop medical devices at Analog Devices @ADI_News, or reduce car accidents at @provizio_ai.
Read 6 tweets
Dec 3, 2020
We've described Stripe for a few years as a global payments and treasury network; delighted to announce today more progress on the treasury front. wsj.com/articles/strip…
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Everyone will naturally focus on the most prominent partners, but I want to give a shout out to Evolve Bank. They’re nimble, forward-thinking, creative, and very customer-focused. They should be (and will become!) better known.
Read 4 tweets
Feb 7, 2020
Delighted to be working with @LightspeedHQ to simplify payments for their restaurants and retailers around the world! A few details: 🧵
@LightspeedHQ Lightspeed provides Point of Sale software and hardware for small businesses and restaurants. Fun fact: the computer store where I worked as a teenager used Lightspeed, so this partnership is a long time in the making!
@LightspeedHQ This was an impressively quick deployment, especially given the scaled global product that Lightspeed and @daxdasilva have built: “Businesses [...] with Lightspeed can tap Stripe Connect for seamless onboarding, while in-store payments become plug-and-play with Stripe Terminal.”
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Sep 5, 2019
🧵 Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.
When businesses *can* get a bank loan, they spend an average of 25 hours on paperwork and wait weeks or months for approval.
For internet businesses, capital is vital to growth: for marketing spend, inventory, engineering, and much else.
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