Tokens align incentives between developers, contributors, users, and investors. They allow everyone who wants to contribute to a project early the opportunity to get in on the ground floor. — Fred Ehrsam Copy Share Image
As with early internet startups, some token models don't make sense. For every 1 huge hit, there will be 3 minor successes and 100 failures, so we shouldn't be surprised when some fail. — Fred Ehrsam Copy Share Image
Sales conducted on-chain through smart contracts couldn't really be done before Ethereum, which is why they are a newer concept. I think this style… — Fred Ehrsam Copy Share Image
OpenAI is doing important work by releasing tools which promote AI to be developed in the open. Compute power is largely produced by NVIDIA… — Fred Ehrsam Copy Share Image
I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before doing the… — Fred Ehrsam Copy Share Image
Make no mistake - Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of Bitcoin in… — Fred Ehrsam Copy Share Image
Bitcoin has a core technological innovation: The ability to publicly verify ownership, instantly transfer that ownership, and do so without the need for a… — Fred Ehrsam Copy Share Image
When you drill down, blockchains are really a shared version of reality everyone agrees on. So whether it's a fully immersive VR experience, augmented… — Fred Ehrsam Copy Share Image
Just like mutations to DNA in biological organisms allow for evolution through natural selection, forking lets us run multiple experiments in parallel where the… — Fred Ehrsam Copy Share Image
The fundamentals of the token model are valuable and powerful. They allow communities to govern themselves, their economics, and rally a community in powerful… — Fred Ehrsam Copy Share Image
Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the… — Fred Ehrsam Copy Share Image
Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way. — Fred Ehrsam Copy Share Image
