Bitcoin Quote by Fred Ehrsam

“When the actual Bitcoin network launched in 2009, no one knew about it, and many of those who did thought it would surely fail. Just to make sure the thing worked, the scripting language in Bitcoin was intentionally extremely restrictive.”

Fred Ehrsam

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More 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 this style…

Fred Ehrsam

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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 by NVIDIA…

Fred Ehrsam

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

Fred Ehrsam

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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 doing the…

Fred Ehrsam

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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 Bitcoin in…

Fred Ehrsam

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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 for a…

Fred Ehrsam

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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, augmented…

Fred Ehrsam

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

Fred Ehrsam

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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 where the…

Fred Ehrsam

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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 in powerful…

Fred Ehrsam

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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 least the…

Fred Ehrsam

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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.

Fred Ehrsam

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Explore all 52 Fred Ehrsam quotes

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The bitcoin network is not a payments network and it is not a scaling network.

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Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…

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Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…

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Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…

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Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.

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