25 Fred Ehrsam Quotes for You to Enjoy

Fred Ehrsam

American Businessman

Bitcoin Digital Internet Ownership Think Will

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

Everything will be tokenized and connected by a blockchain one day. Fred Ehrsam

Day Will Blockchain Everything One Day Connected

Make no mistake - Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency. Fred Ehrsam

Mistake Bitcoin Digital Edge Think Ways Would Never Bleeding Make Make No Mistake Without Said Existed Forerunner Currency Represents Ethereum Many

Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer. Fred Ehrsam

Bitcoin Language Programming Programming Language Computer Taken Calculator Ethereum Turned

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

Internet Will Sense Every Startups Minor Some Fail Failures Make Surprised Huge Hit Models Successes Token Early

Ethereum will be a first-class citizen on Coinbase. Fred Ehrsam

Will Citizen Ethereum Coinbase

To create an open protocol which helps coordinate resources towards a common goal, the resources need to be known at some level in the same way a lot of of data on the web needs to be public for it to be traversable and useful. Fred Ehrsam

Public crowdfunding still suffers from a tragedy of the commons problem. Everyone will want the benefit of the crowdfunded efforts but is incentivized to sit on the sidelines and hope others chip in. Fred Ehrsam

Hope Problem Will Sit Others Benefit Sidelines Everyone Still Tragedy Efforts Want Public Commons Chip Suffers

Scaling is multidimensional. Different methods address different things. Fred Ehrsam

Address Scaling Methods Different Different Things Things

I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before doing the same in the 'real world.' Which is where I think we will end up in the real world eventually; it's just a matter of which goes first and how long until it's the case for both. Fred Ehrsam

World Matter Will Long First Before Think Worlds Virtual Guess Backbone System Case Both Until Identity How Real Doing Governance End Up Same Goes Currency Just Where The Real World Real World Which Even Eventually Assets

Just like mutations to DNA in biological organisms allow for evolution through natural selection, forking lets us run multiple experiments in parallel where the strongest versions survive. Fred Ehrsam

Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the same incentives to use the new fork as the historical one. Fred Ehrsam

Ownership Constant Cases New Most Balancing Least Historical Same Fork Forks Want Act Use Incentives Users Keep

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

Bitcoin Will Blockchain Think Without Narrative Very Little Whole Amount

The Internet had a core innovation that made it valuable: The ability to disseminate data over a distributed network in a way that was significantly cheaper than the prior methods. Fred Ehrsam

Innovation Internet Valuable Made Disseminate Way Distributed Ability Data Network Had Cheaper Over Prior Methods Than Core

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 will become the most common over time. Fred Ehrsam

Time Smart Will Style Become Before Think Through Over Most Concept Sales Contracts Done Common Which Ethereum Really Why

People far too often associate derivatives markets with mere speculation, but there are very legitimate businesses that need derivatives to protect themselves against risk. Fred Ehrsam

People Too Markets Risk Mere Protect Very Often Legitimate Against Far Themselves Derivatives Businesses Associate Need Speculation

I think it's fundamentally a good sign that more and more professional traders and market makers are providing liquidity to the whole ecosystem. It allows people to move much larger quantities of digital currency more quickly than they would if that were not the case. Fred Ehrsam

Good People Digital Think Market Sign Would Case More More And More Good Sign Ecosystem Quantities Makers Were Providing Quickly Than Liquidity Currency Move Much Professional Whole Larger Fundamentally

The Internet will continue to be valuable so long as it is the most efficient mechanism for transferring data. Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership. Fred Ehrsam

Bitcoin Internet Valuable Will Value Long Ownership Data Remain Most Continue Efficient Same Transferring Mechanism

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

Great Bitcoin Promises Way More Enables Efficient Inherently Payments International

The fundamentals of the token model are valuable and powerful. They allow communities to govern themselves, their economics, and rally a community in powerful ways that will allow open systems to flourish in a way that was previously impossible. Fred Ehrsam

Impossible Valuable Will Economics Community Rally Way Ways Systems Allow Open Powerful Govern Model Themselves Communities Token Flourish Fundamentals

The best engineered organisms can outpace others, even if they start smaller or later. Fred Ehrsam

Best Others Later Smaller Organisms Engineered Even Start

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

Good Data Only Trained

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