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Fred Ehrsam

52 quotes in 176 categories

[Wikipedia] Frederick "Fred" Ernest Ehrsam III is an American entrepreneur and investor. He is the co-founder of cryptocurrency exchange Coinbase, the co-founder and general partner of the crypto-focused venture capital firm Paradigm, and the co-founder and CEO of Nudge, a neurotechnology startup developing non

Quotes by Fred Ehrsam

Sales conducted on-chain through smart contracts couldn't really be done before Ethereum, which is why they are a newer concept. I think…

I think

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OpenAI is doing important work by releasing tools which promote AI to be developed in the open. Compute power is largely produced…

AI

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AIs are only as good as the data they are trained on.

Data

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I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before…

End

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Make no mistake - Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of…

Ahead

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Bitcoin has a core technological innovation: The ability to publicly verify ownership, instantly transfer that ownership, and do so without the need…

Ability

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When you drill down, blockchains are really a shared version of reality everyone agrees on. So whether it's a fully immersive VR…

Experience

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At GDAX, we want to see new protocols and their tokens flourish.

Flourish

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Just like mutations to DNA in biological organisms allow for evolution through natural selection, forking lets us run multiple experiments in parallel…

Biology

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The fundamentals of the token model are valuable and powerful. They allow communities to govern themselves, their economics, and rally a community…

Community

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Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at…

Balancing act

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Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.

Bitcoin

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When the actual Bitcoin network launched in 2009, no one knew about it, and many of those who did thought it would…

Bitcoin

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Scaling is multidimensional. Different methods address different things.

Address

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Private funding was one of the first methods used when MIT funded Bitcoin core developers Gavin Andresen, Wladimir van der Laan, and…

Bitcoin

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While it may seem scarier in the earlier days, I think ultimately the blockchain creates a safer world.

Blockchain

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Working on Ethereum could be similar to working at a Google: lower risk with broad impact right away. Working on a token…

Google

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When the Bitcoin white paper emerged in 2008, it was completely revolutionary. The amount of concepts that had to come together in…

Computer science

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If you are going to store your e-wallet on your own server, don't keep your e-wallet on your desktop, and make sure…

Computers

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Tokens align incentives between developers, contributors, users, and investors. They allow everyone who wants to contribute to a project early the opportunity…

Early

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I think it's fundamentally a good sign that more and more professional traders and market makers are providing liquidity to the whole…

Case

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Blockchains are digital organisms. As organisms evolve through changes in their DNA, blockchain protocols evolve through changes in their code. And like…

Biology

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I think the whole narrative of blockchain without bitcoin will amount to very little.

Bitcoin

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Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring…

Bitcoin

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To create an open protocol which helps coordinate resources towards a common goal, the resources need to be known at some level…

Common goal

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