Quotes by Olaf Carlson-Wee - Page 1

For the first time, open source, peer-to-peer protocol developers can monetize their project on a protocol level.
Olaf Carlson-Wee /
Developers
Open Source
Protocol
Copy 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 /
Interact
Investor
Copy 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 /
Bitcoin
Coverage
Inaccurate
Copy 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 /
Contracts
Investment
Poke
Smart
Buy
Ethereum
Unless
Copy 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 /
Begging
Gatekeepers
Narrative
Capital
Entrepreneurs
Hat
Copy 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 /
Time Money World
Entrepreneurs
Network
Copy 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 /
Assets
Digital
Fund
Investing
Scarce
Blockchain
Invest
Hedge
Copy Quote
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 /
Bitcoin
Investment
Long Term
Loss
Asset
Capital
Counts
Event
Every Single Time
Gain
Single Time
Sold
Taxable
Copy 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 /
Internet
Sovereignty
Blockchain
Centralized
Current
Decentralized
Dominate
Services
Start
Web
Copy 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 /
Bitcoin
First Time
Creators
Directly
Ethereum
Existing
Project
Network
Copy 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 /
Assets
Best Way
Bitcoin
Blockchain
Portfolio
Invest
Diversified
Types
Copy 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 /
Technology
Bigger
Bitcoin
Increase
Purchasing
Purchasing Power
Sell
Hold
Intend
Price
Copy 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 /
Assets
Data
Fund
Management
Revenue
Implies
Partner
Performs
Scientists
Copy 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 /
Bitcoin
Currency
Democratic
Internet
Safe
Version
Less
Controls
Expect
Longer
View
Transfer
Value
Copy Quote
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 /
Protocol
Candidate
Coin
Govern
Network
Participate
Copy 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 /
Exclusive
Importance
New World
Venture
Venture Capital
Altogether
Money World New
Capital
Networks
Entrepreneurs
Overstated
Copy 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 /
Assets
Bitcoin
Digital
Familiar
Investing
Blockchain
Invest
Ethereum
Include
Purely
Shares
Copy 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 /
Money
Space
Entering
Investment
Managers
Seeing
Trading
Money Start People
Doing
Cryptocurrency
Working
Extent
Funds
Hedge
Institutional
Other
Personally
Question
Speaking
Start
Copy 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 /
Currency
Digital
Software
Sovereignty
Venture
Venture Capital
Automated
Capital
Networks
Gain
Hundreds
Industries
Phase
Stock
Streamlined
Copy 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 /
Ownership
Users
Always Way More
Useful
Blockchain
Centralized
Cite
Disrupted
Facebook
Network
Token
Copy Quote

Related Authors

Stephen Covey
Author
Monday, Oct 24, 1932
Monday, Jul 16, 2012
Joe Biden
Vice President Of The United States
Friday, Nov 20, 1942
Samuel Taylor Coleridge
Poet
Wednesday, Oct 21, 1772
Friday, Jul 25, 1834
Epictetus
Philosopher
Ruth Bader Ginsburg
Associate Justice Of The Supreme Court Of The United States
Wednesday, Mar 15, 1933
Johann Wolfgang Von Goethe
Writer
Thursday, Aug 28, 1749
Thursday, Mar 22, 1832
Deepak Chopra
Author
Wednesday, Oct 22, 1947
Peter Drucker
Author
Friday, Nov 19, 1909
Friday, Nov 11, 2005
Friedrich Nietzsche
Philologist
Tuesday, Oct 15, 1844
Saturday, Aug 25, 1900
Vince Lombardi
Football Player
Wednesday, Jun 11, 1913
Thursday, Sep 03, 1970
Martin Luther King, Jr.
Civil Rights Activist
Tuesday, Jan 15, 1929
Thursday, Apr 04, 1968
Vincent Van Gogh
Painter
Wednesday, Mar 30, 1853
Tuesday, Jul 29, 1890
Socrates
Philosopher
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
Sun Tzu
Strategist
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
John Keats
Poet
Saturday, Oct 31, 1795
Friday, Feb 23, 1821

View All Quotes

Top Authors

Napoleon Bonaparte
Military Commander
Tuesday, Aug 15, 1769
Saturday, May 05, 1821
Martin Luther King, Jr.
Civil Rights Activist
Tuesday, Jan 15, 1929
Thursday, Apr 04, 1968
Muhammad Ali
Professional Boxer
Saturday, Jan 17, 1942
Friday, Jun 03, 2016
Zig Ziglar
Author
Saturday, Nov 06, 1926
Wednesday, Nov 28, 2012
Thomas Aquinas
Priest
Tuesday, Jan 28, 1225
Wednesday, Mar 07, 1274
Mae West
Actress
Thursday, Aug 17, 1893
Saturday, Nov 22, 1980
Henry David Thoreau
Author
Saturday, Jul 12, 1817
Tuesday, May 06, 1862
Sun Tzu
Strategist
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
Epictetus
Philosopher
Peter Drucker
Author
Friday, Nov 19, 1909
Friday, Nov 11, 2005
Kim Kardashian
Television Personality
Tuesday, Oct 21, 1980
Charles Spurgeon
Preacher
Thursday, Jun 19, 1834
Sunday, Jan 31, 1892
Khalil Gibran
Poet
Saturday, Jan 06, 1883
Friday, Apr 10, 1931
Will Rogers
Actor
Tuesday, Nov 04, 1879
Thursday, Aug 15, 1935
John C. Maxwell
Author
Thursday, Feb 20, 1947

View All Authors

Olaf Carlson-Wee Quotes - Page 1

App & Tools

Related Authors

Popular Topic Tags

Top Authors

Share This Page

Stay Connected

App & Tools

Related Authors

Popular Topic Tags

Top Authors

Share This Page