Here are three common myths people that have when first hearing about crypto: that cryptocurrencies are anonymous (and therefore more likely to be used by criminals); that there's no real use case (aside from speculation); and that crypto is just about currency. In this 35-minute presentation, a16z crypto general partner Katie Haun draws on her experience explaining crypto to different audiences -- from government, where she was a federal prosecutor at the Department of Justice (where she led the investigation into Mt. Gox and also took down the corrupt agents in the Silk Road case) and created its first cryptocurrency task force; to business (she's on the board of Coinbase, among other things); to students and teachers (she recently taught a class on cryptocurrencies at Stanford Business School). So Haun covers everything from current use cases in hyperinflation, money transfers/ global remittances/ cross border payments, store of value (especially as more and more of the things we value go from physical to digital) -- also sharing the example of international entrepreneur Roya Mahoob -- to the misconception of "blockchain without bitcoin" and importance of tokens as incentives in cryptonetworks. But this isn't your typical explainer -- Haun debunks these myths in front of an audience of bankers, business leaders, and others based primarily in Mexico as part of a "Let's Settle This" (hosted by Versus by KIO Networks in September 2018 in Mexico City) between her and Nobel Prize-winning economist Paul Krugman. "That’s the best defense of crypto I’ve heard”, he remarked after. [You can see his case against crypto here, and their ensuing debate here.] But the critics (cough cough), Haun argues, often confuse the current state with the potential end state -- and that's a mistake, since we’re still in "the dialup days" for crypto. The content provided here is for informational purposes only, and does not constitute an offer or solicitation to purchase any investment solution or a recommendation to buy or sell a security; nor it is to be taken as legal, business, investment, or tax advice. In fact, none of the information in this or other content on a16zcrypto.com should be relied on in any manner as advice. Please see https://a16zcrypto.com/disclosures/ for further information. *** The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided permission for a16z to disclose publicly) is available at https://a16z.com/investments/. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.