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 Read Quote
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 Read Quote
We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds? Olaf Carlson-Wee Read Quote
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 Read Quote
I view Bitcoin as the more democratic version of money and value transfer because no one controls it… I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind. Olaf Carlson-Wee Read Quote
When decentralized blockchain protocols start displacing the centralized web services that dominate the current Internet, we’ll start to see real internet-based sovereignty. The future Internet will be decentralized. Olaf Carlson-Wee Read Quote
I think the technology will get bigger and the price of Bitcoin will go up, so I’m speculating to increase my purchasing power. But I don’t intend to sell the Bitcoin. I intend to hold it until there’s a day where I can just use Bitcoin completely. Olaf Carlson-Wee Read Quote
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 Read Quote
Polychain manages a hedge fund that invests exclusively in digital assets. We invest exclusively in protocols, not companies, and we do this by investing in things made scarce through the blockchain. Olaf Carlson-Wee Read Quote
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 Read Quote
