Quotes.gg
Home
Tags
Terms and Conditions
Privacy Policy
Imprint
Made by
Last Media
Fred Ehrsam
Popular Posts
#Tags
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
#Ethereum
#Language
#Programming
The best engineered organisms can outpace others, even if they start smaller or later.
- Fred Ehrsam
#Best
#Even
#Later
#Others
#Start
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 reality, or even Bitcoin or Ethereum in the physical world as a shared ledger for our 'real world,' we'll increasingly trust blockchains as our basis for reality.
- Fred Ehrsam
#Bitcoin
#Experience
#Reality
#Trust
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
#Done
#Smart
#Style
#Time
#Why
Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.
- Fred Ehrsam
#Bitcoin
#Down
#Information
#Internet
Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential. How core protocol work is best funded beyond the initial Ethereum Foundation endowment is an open question, but likely further out.
- Fred Ehrsam
#Best
#Foundation
#Impact
#Open
#Work
Bitcoin has a core technological innovation: The ability to publicly verify ownership, instantly transfer that ownership, and do so without the need for a trusted third party.
- Fred Ehrsam
#Ability
#Bitcoin
#Innovation
#Ownership
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
#Against
#Far
#Need
#People
#Protect
While it may seem scarier in the earlier days, I think ultimately the blockchain creates a safer world.
- Fred Ehrsam
#Blockchain
#Days
#May
#Think
#World
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
#Act
#Historical
#New
#Ownership
#Want
Working on Ethereum could be similar to working at a Google: lower risk with broad impact right away. Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential.
- Fred Ehrsam
#Google
#Higher
#Impact
#Potential
#Right
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
- Fred Ehrsam
#Bitcoin
#Flow
#Internet
#More
#Will
Ethereum will be a first-class citizen on Coinbase.
- Fred Ehrsam
#Citizen
#Coinbase
#Ethereum
#Will
Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.
- Fred Ehrsam
#Bitcoin
#Great
#More
#Promises
#Way
The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.
- Fred Ehrsam
#Ability
#Been
#Bitcoin
#Buy
#Key
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
#Bitcoin
#Did
#Language
#Make
#Who
When the Bitcoin white paper emerged in 2008, it was completely revolutionary. The amount of concepts that had to come together in just the right way - computer science, cryptography, and economic incentives - was astonishing.
- Fred Ehrsam
#Bitcoin
#Science
#Together
#Way
#White
Scaling is multidimensional. Different methods address different things.
- Fred Ehrsam
#Address
#Different
#Scaling
#Things
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
#Ahead
#Bitcoin
#Digital
#Mistake
#Never
There's been a myth perpetuated where people think, 'I need to go into consulting, banking, finance, law, or medicine to make a consistently reasonable amount of money.' People are now realizing that's not the case.
- Fred Ehrsam
#Finance
#Law
#Medicine
#Money
#People
Everything will be tokenized and connected by a blockchain one day.
- Fred Ehrsam
#Blockchain
#Connected
#Day
#Will
There is nothing that Bitcoin can do which Ethereum can't. While Ethereum is less battle-tested, it is moving faster, has better leadership, and has more developer mindshare.
- Fred Ehrsam
#Better
#Bitcoin
#Leadership
#Nothing
Load More
Your experience on this site will be improved by allowing cookies.
Allow cookies