Phrase by 'Fred Ehrsam'

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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.

Author: Fred Ehrsam - American Businessman
  Everyone , Project , Opportunity , Ground


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.

Author: Fred Ehrsam - American Businessman
  World , Long , Think , Identity


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.

Author: Fred Ehrsam - American Businessman
  Like , Run , Survive , Evolution


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.

Author: Fred Ehrsam - American Businessman
  New , Want , Historical , Ownership


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

Author: Fred Ehrsam - American Businessman
  Think , Will , Without , Blockchain


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.

Author: Fred Ehrsam - American Businessman
  Internet , Way , Data , Innovation


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