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Olaf Carlson-Wee Quotes


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Quotes by Olaf Carlson-Wee

Showing 11-20 of 20 Quotes by Olaf Carlson-Wee

Taxes have been complicated. Every single time I spend a Bitcoin, it's a taxable event. It's like I bought and sold an asset. It counts as an investment, with a short- or long-term capital gain or loss.

~Olaf Carlson-Wee

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There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain - it's going to be a number of different assets here. And the best way to invest in that is a diversified portfolio.

~Olaf Carlson-Wee

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For the first time, open source, peer-to-peer protocol developers can monetize their project on a protocol level.

~Olaf Carlson-Wee

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It doesn't always make sense to have a token on the blockchain that is both useful and represents ownership - it has to be something where there's a network effect. That's why I cite Facebook as an example of what could be disrupted more so than, say, Amazon - which is bit more centralized and is not exactly a network of users in the same way.

~Olaf Carlson-Wee

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We are seeing entrepreneurs issuing their own blockchain-based tokens to raise money for their networks, sidestepping the traditional, exclusive world of venture capital altogether. The importance of this cannot be overstated - in this new world, there are no companies, just protocols.

~Olaf Carlson-Wee

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Application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum. For the first time, open-source project creators can directly monetize their open-source network.

~Olaf Carlson-Wee

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This is unproven technology, and if you don't know what you're doing, you shouldn't interact with tokens - from an investor and security perspective.

~Olaf Carlson-Wee

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It's like the American democratic system. When you vote, even if your candidate doesn't win, you accept that democracy was in action. When people participate in a Tezos network, they're accepting that the democratic vote of the other coin holders will govern the way the protocol moves.

~Olaf Carlson-Wee

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Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens or digital assets, and those include assets that people are familiar with, like bitcoin and ethereum, as well as very early-stage projects.

~Olaf Carlson-Wee

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For the first time, entrepreneurs can monetize their own open-source and peer-to-peer network. They can crowdfund and raise money from people across the world on the Internet in crypto-currency.

~Olaf Carlson-Wee

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Biography

Nationality: American

Type: Businessman

Born: Unknown

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Find Olaf Carlson-Wee on Amazon

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