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 Read Quote
VCs are used to being the gatekeepers of capital. There’s this old narrative of entrepreneurs going hat in hand begging VCs for money. That absolutely is not the world we’re in anymore. Olaf Carlson-Wee Read Quote
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 Read Quote
If the Numerai fund performs well, that should lead to more assets under management, which should lead to more revenue for Numerai’s general partner, which should lead to higher payouts for the data scientists, which implies a higher Numeraire valuation. Olaf Carlson-Wee Read Quote
If you want to buy $10 of Ethereum and poke around with smart contracts, I encourage that. But use it as a technology, not as an investment, unless you know what you’re doing. Olaf Carlson-Wee Read Quote
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 Read Quote
In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital and stock markets are circumvented, entrepreneurship is streamlined, and networks gain sovereignty through their own digital currency. This is the next phase of the Internet. Olaf Carlson-Wee Read Quote
For the first time, open source, peer-to-peer protocol developers can monetize their project on a protocol level. Olaf Carlson-Wee Read Quote
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 Read Quote
I’ve been through a lot of moments when other people thought Bitcoin was going to implode, and in those instances, I generally have seen through inaccurate coverage of it. Olaf Carlson-Wee Read Quote
