E49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more

**Chamath Palihapitiya** (0:00)
Guys, my f***ing dog.

**Jason Calacanis** (0:01)
Is he in jail? Joker's in jail?

**Chamath Palihapitiya** (0:03)
Joker got in jail again. Okay, so he's been jailed in Italy.
He was jailed in Palo Alto.

**Jason Calacanis** (0:08)
When will that dog learn?
I've spent quality time with that dog. He's out of control.

**Chamath Palihapitiya** (0:12)
Why did he get jailed? Because he's a runner. He's a runner. He's a track star. We sent him to like the dog walker, where he goes and runs around, and they come pick him up, but then the guy opened the door.
He took off. Anyways, he gets found.
They're trying to call me because I guess my number is on the thing, which I hadn't realized.

**Jason Calacanis** (0:37)
You don't pick up?

**Chamath Palihapitiya** (0:37)
Can't reach me. Well, I'm in DC in New York, and they put them in the kennel, and we get this picture. Nick, you can post the picture because I sent it to you. Poor joker and dog jail.

**Jason Calacanis** (0:48)
He's a great dog. But he is a runner.

**David Friedberg** (0:51)
Wait, is he back?

**Jason Calacanis** (0:52)
No, he's back.

**Chamath Palihapitiya** (0:53)
We got him back. But he's out of jail again.

**Jason Calacanis** (0:54)
Honestly, he's only going to learn if he goes to jail.

**David Friedberg** (0:56)
You should get a little tag for him, those little remote tracking.

**Chamath Palihapitiya** (0:59)
Bro, that's great, but it doesn't stop him from escaping.

**David Sacks** (1:03)
That dog, there's something wrong with that dog.

**David Friedberg** (1:05)
Remember when he came around when Sacks came over?

**David Sacks** (1:07)
Yeah.

**David Friedberg** (1:07)
The dog was growling at him and Sacks was like, I'm on a hunk in the corner.

**David Sacks** (1:11)
It's the only dog that doesn't like me. He's so cute. I mean, every other dog, every other dog in the world loves me.

**Chamath Palihapitiya** (1:19)
No, he's not been trained. He's not been trained. We have to train him. I get it. He hasn't been trained. But he's so cute.

**David Sacks** (1:24)
Did you train that dog to hate white people?

**Chamath Palihapitiya** (1:27)
No. That dog is a little racist.

**Jason Calacanis** (1:50)
Welcome to another episode of All-In, the podcast that you've been listening to for 48 episodes. Here we are on the precipice of greatness, 49 episodes in. With us again today, the Queen of Kin Wives, your science ambassador, David Friedberg, also on the pod, the Rain Man himself. Definitely his dad lets him drive in the driveway, David Sacks and batting cleanup, the dictator himself, Chamath Palihapitiya.
What did we all think of last week's pod with Bology?

**David Friedberg** (2:26)
I felt it got cut off too soon. I was getting into a groove with Bology and I'm trying to figure out how to pick that up with him because I thought that we were getting into some pretty interesting discussion towards the end and we obviously ran out of time. Chamath had to hop off. So it would have been great to keep that conversation going with Bology. I really do think there's a big question mark on like how does the decentralized web or decentralized social networks in particular work with respect to kind of that, you know, recommendation application layer, which is effectively what search solved on the Internet.
And so I'm curious to keep the conversation going and seeing, you know, what this means.

**Jason Calacanis** (3:01)
I made the decision to end the pod because Chamath had to go, Sacks had to go. There was a hard stop and I was like, I don't want to keep this going without the other besties and people were very upset. They thought I shut it down abruptly, but we had a certain amount of time. We could always have them back so everybody relaxed. But I did look at the stats.
We each came in with our whatever percent prorata and he had double. He had 40 percent and we all had basically.

**Chamath Palihapitiya** (3:25)
Which is right for a guest, I think.

**Jason Calacanis** (3:27)
I felt right. Didn't it feel right?

**Chamath Palihapitiya** (3:29)
I think it's important to hear what when folks come on, what they have to say.
He's a really smart guy and you can kind of just let him go and riff for a while and then just react to him. So I think it's lovely to hear such a deep thinker think out loud, quite honestly. Yeah.

**Jason Calacanis** (3:48)
And even if you don't agree with him, I don't agree with him on a lot of his points about decentralized everything. I think centralized works for many things better.