E55: Valuing crypto projects, Rivian worth $100B+, inflation: causes and corrections and more

**Chamath Palihapitiya** (0:03)
Sacks is old dude.

**David Sacks** (0:32)
That's all I can say.

**Jason Calacanis** (0:55)
Hey everybody, welcome to episode 55 of the All-In Podcast. With us again this week, the dictator himself, Chamath Palihapitiya, the queen of Kenwa, David Friedberg, and coming back from Portugal and the Solana Conference, riding his...

**Chamath Palihapitiya** (1:13)
Where heroin and prostitution are legal.

**Jason Calacanis** (1:17)
We were going to double click on that, but you jumped the gun here on the docket. So David, how was the heroin in Portugal?

**David Sacks** (1:25)
Great.

**Jason Calacanis** (1:26)
Great, okay. You're having fun.

**David Sacks** (1:28)
I was fully drinking the Kool-Aid at the Solana Conference. It wasn't heroin. It was Kool-Aid.

**Jason Calacanis** (1:33)
It was literally Kool-Aid.
How many people were at the Solana Conference in Portugal? Why is it in Portugal? What happens at a Solana Crypto Conference?

**David Sacks** (1:46)
I think there were thousands of people there, and it was, I mean, easily.
And I mean, it was kind of a madhouse. And people were trying to get in last minute. Nobody could get in because the conference was like totally sold out. It was a lot of crypto developers, a lot of people with projects.
And why Portugal? I think because there's a lot of conferences happening in Portugal right now, because they are easier on the COVID restrictions than a lot of other countries. So you can actually get in there and host a conference.

**Jason Calacanis** (2:15)
What was it indoors with no masks? For masks optional?

**David Sacks** (2:20)
I can't remember if like masks were required or not. I did see people wearing masks indoors.

**Jason Calacanis** (2:24)
So were you required to be vaccinated?

**David Sacks** (2:27)
I think I did show a vaccine pass at one point when I checked in.

**Chamath Palihapitiya** (2:31)
I just did my booster.

**Jason Calacanis** (2:33)
I'm going to do my booster.

**Chamath Palihapitiya** (2:35)
It was a little, I would say, the same kind of shitty feeling as the second one.
I just got Pfizer. I mean, the first two were Pfizer. So I took Pfizer. The nurse actually gave me a choice. She's like, you can do whatever you want, Pfizer, Moderna or J&J. I didn't know any better. I texted my doctor.
So I just took Pfizer, although the interesting thing is Moderna is the only one that's dose regulated for the third dose. So there's a, they actually give you less specifically, but Pfizer is the same for all.

**Jason Calacanis** (3:06)
I think we talked about this on the pod. There's one theory which they told you get whatever one you can get was the instructions because it's more important to just get one than which one you get.
But they said there's a Swiss cheese theory, which is if you took two slices of Swiss cheese from two different bricks of it, the holes would not be the same. And therefore, you overlap them. So whichever deficiencies each one had, maybe the other one doesn't.

**Chamath Palihapitiya** (3:27)
So I should have gotten Moderna is what you're saying.

**Jason Calacanis** (3:28)
That would be if you believe in the Swiss cheese there, I don't know, Friedberg, you're a science guy.

**Chamath Palihapitiya** (3:32)
I should ask Aaron Rodgers what he thinks.

**Jason Calacanis** (3:35)
I mean, he just straight up lied about being vaccinated, huh?

**Chamath Palihapitiya** (3:38)
I think so. And I think the NFL is not doing anything about it.

**Jason Calacanis** (3:42)
That's not cool. Why would you lie about it? I mean, he's not he would have still been allowed to play. So there was no reason to lie about it. I'm not totally up on that story.
The rumor is that Kyrie is going to be playing basketball soon.

**Chamath Palihapitiya** (3:56)
Because New York Adams is going to lift the vaccine restrictions.

**Jason Calacanis** (4:00)
You will not need to be show a vaccine card or wear a mask.

**Chamath Palihapitiya** (4:05)
Bro, I don't know.

**Jason Calacanis** (4:06)
Or maybe you'll just get a PCR test every day.

**Chamath Palihapitiya** (4:08)
I don't think it's going to matter because the Warriors are shooting the lights out and Clay hasn't even come back yet.

**Jason Calacanis** (4:13)
And so that Gary Payton, the second kid.

**Chamath Palihapitiya** (4:17)
Did you see Gary Payton Jr. these clips?

**Jason Calacanis** (4:21)
Oh, the second.

**David Friedberg** (4:21)
I mean, he's like living above the rim and just shranging his Wiseman back.

**Jason Calacanis** (4:27)
And then Wiggins is playing great basketball. I mean, the Warriors are going to win this year. I don't know.

**Chamath Palihapitiya** (4:32)
Steph is otherworldly right now.