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Fred Ehrsam Quotes


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Quotes by Fred Ehrsam

Showing 21-30 of 52 Quotes by Fred Ehrsam

Not having sub-governance would be like anyone who owns USD being able to walk into a Google shareholder meeting and voting without owning Google stock just because Google shares happen to be denominated in USD.

~Fred Ehrsam

Topics: Able Anyone Because Being Google Happen Having Just Just Because Like Meeting Owning Owns Shares Stock Voting Walk Who Without Would

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Ethereum may make monetary policy decisions like, 'Let's do 1% inflation to support the ongoing development of the Ethereum protocol.' A token built on Ethereum might want to do the same.

~Fred Ehrsam

Topics: Built Decisions Development Ethereum Inflation Like Make May Might Monetary Monetary Policy Ongoing Policy Protocol Same Support Token Want

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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 to get in on the ground floor.

~Fred Ehrsam

Topics: Align Allow Between Contribute Developers Early Everyone Floor Get Ground Incentives Investors Opportunity Project Users Wants Who

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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 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

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

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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 strongest versions survive.

~Fred Ehrsam

Topics: Allow Biological Evolution Experiments Just Lets Like Multiple Mutations Natural Natural Selection Organisms Parallel Run Selection Strongest Survive Through Us Versions Where Dna

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Forks often arise from differences of opinion in the direction of a project. And tokens are increasingly a mechanism for voting on changes to their protocols. Since the point of a fork is to try a new path, the new fork may not want to port all of the prior holders opposed to trying the new path the fork was created to take.

~Fred Ehrsam

Topics: Arise Changes Created Differences Direction Fork Forks Increasingly May Mechanism New Often Opinion Opposed Path Point Port Prior Project Since Take Try Trying Voting Want

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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 same incentives to use the new fork as the historical one.

~Fred Ehrsam

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

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

~Fred Ehrsam

Topics: Amount Bitcoin Blockchain Little Narrative Think Very Whole Will Without I Think

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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

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

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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 ownership down by an order of magnitude.

~Fred Ehrsam

Topics: Bitcoin Brings Brought Cost Down Information Internet Just Magnitude Order Ownership

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Biography

Nationality: American

Type: Businessman

Born: Unknown

Links

Find Fred Ehrsam on Amazon

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