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stringclasses
2 values
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stringclasses
2 values
transcript
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1
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N
2.4
4.4
4
478
Female
Train
and obviously that's one area where we're really excited about-
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N
4.2
3.2
3.4
478
Female
Train
with respect to say app-
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O
4.2
3.4
3.8
478
Female
Train
they're not just simply rent seeking tokens-
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X
4.8
4
5.2
478
Female
Train
they actually provide a valuable service within the decentralized network or blockchain enabled project. that-
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N
3
3.6
2.6
417
Male
Train
so, something like auger with a rep, is it an easy example that comes to mind.
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S
4.6
3.4
3.4
478
Female
Train
those are some of the characteristics that we look for. not getting too much into specific projects because there's so many in the space that are really interesting, right?
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O
4.2
2.8
4.4
478
Female
Train
because i think the number one problem i see with some projects in the space is that the token-
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O
3.8
4.2
4.4
478
Female
Train
when it's not tied to the core action of the network that is being built.
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N
3.4
3.2
4
478
Female
Train
the token really doesn't make any sense in that case. so-
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N
4.6
4.4
4
478
Female
Train
what i think is so amazing is how easy it is to create an erc-20 token.
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X
4.8
4
5.8
478
Female
Train
that's what i love, is that there's so many different experiments happening and i think it will take a while. and a lot of projects needing to fail and others-
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X
4
4
4
478
Female
Train
and to olaf's point there-
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U
4.8
3.6
4.4
417
Male
Train
how big is uber? it's burning billions of dollars a year to keep those cars on the road in order to expand to a point where its.
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C
4.6
4
5.8
417
Male
Train
things like spotify or the itunes store-
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H
4.2
4.8
4.6
1,789
Female
Development
yeah, and one of the most exciting things about the space is
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X
4.2
3.6
4
1,789
Female
Development
i know of no other industry that moves at the pace that blockchain moves at.
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U
4
4
4.4
1,789
Female
Development
i mean, you can go away for a week or two and come back and the whole world has changed. and it's remarkable,
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H
4.8
4.8
4.2
1,789
Female
Development
very compelling innovations that are coming up all the time.
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S
4
3.6
4.2
1,789
Female
Development
and also business people that are very forward looking, willing to try new things.
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X
3.6
2.8
4.2
1,789
Female
Development
and i challenge anybody to show me any industry globally across any technology that moves at the pace that blockchain moves.
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H
4.8
5
4.8
1,789
Female
Development
... is that it will enable many types of applications and many new types of use cases.
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S
5.2
3.4
4.4
1,789
Female
Development
so it has to be sort of differentiated from existing protocols in some capacity.
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N
4.8
4.6
4.6
1,789
Female
Development
especially attracts developers i think more than anything.
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S
4.2
3.8
4.6
1,789
Female
Development
and by that i mean the incumbent markets,
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S
4.2
4
3.8
1,789
Female
Development
that's every server provider in the world.
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X
3.8
4.6
4.2
1,789
Female
Development
so i think you're thinking more about developers and what developers will find useful.
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H
4.4
4.4
4.2
1,789
Female
Development
it solves a problem.that that's an excellent point by
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S
4.4
3.6
4.6
1,789
Female
Development
all in the sense that for protocols and general use blockchains,
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N
3.4
4
4.2
1,789
Female
Development
value of a blockchain is somewhat correspond to the amount of interesting innovation happening on that blockchain.
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N
3.8
4.4
4.6
1,789
Female
Development
in the space where the most interesting innovation is happening right now is in the ethereum ecosystem and the ipfs ecosystem.
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N
4
4
3
417
Male
Train
oh, for example, if we look at auger based on a.
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S
2.4
3
2.6
1,789
Female
Development
cost to users or...
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N
4.8
4.6
4.2
1,789
Female
Development
so that's a much easier way to arrive at a conclusion with respect to how to value that application token.
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O
4.4
4.4
5
1,789
Female
Development
where's the best innovation happening?
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X
3.6
4.2
3.6
1,789
Female
Development
and that over time should hopefully be the most valuable blockchain.
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S
3.6
2.4
4
1,789
Female
Development
ethnologically speaking is essentially falling behind. the inability of bitcoin miners to trigger segwit,
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H
4.2
3.6
4.6
1,789
Female
Development
new segregated witness, shows the serious problems that the bitcoin protocol has with upgrading technologically. so
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X
5.2
3.6
4.6
1,789
Female
Development
the ultimate offshore account or whatever you want call it.
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N
4.8
4.2
5
1,789
Female
Development
i think that bitcoin's price will probably continue to go up.
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X
4.6
4
4.6
1,789
Female
Development
however, i think bitcoin's market share will continue to go down. so bitcoin's market share,
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A
5.2
3.4
4
1,789
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Development
the market capitalization of all outstanding units as a value of all blockchain based assets.
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S
4
4.2
4.2
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Development
and i think that that trend will continue to go downwards.
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N
4.2
3.8
3.6
417
Male
Train
i mean, i sort of came into this through bitcoin.
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S
3.4
3.2
4
1,789
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Development
you take the plunge down the bitcoin rabbit hole and so for a long time i was very fond of bitcoin.
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X
4.2
3
3.8
1,789
Female
Development
however, i think we must recognize that bitcoin is suffering from
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N
4.6
3
4.6
1,789
Female
Development
quite literally a classic textbook case of innovator's dilemma, where this religious dogma has overtaken.
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S
3.6
3.2
4
1,789
Female
Development
killer app appears to be a speculation.
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S
3.8
2.6
3.2
1,789
Female
Development
given that speculation makes it difficult for storing [inaudible 00:03:49]
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likely be marginalized as the entire space grows exponentially and bitcoin maybe grows marginally.
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U
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Development
because, potentially even from just a novelty perspective, right?
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3.8
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Development
fun and nostalgic to also hold a few bitcoin now.
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4
3.6
4.2
1,789
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Development
those who seek nostalgia and holding old,
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3.8
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1,789
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Development
older products that have not evolved.
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3
4.4
1,789
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Development
i don't know. so what i do recognize is that bitcoin is clearly suffering from innovator's dilemma.
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3.8
3.8
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Development
i think it'll probably find its way into the textbook of innovator's dilemma over
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U
3.8
3.8
4
1,789
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Development
time and that it's killer app appears to be pure speculation.
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X
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2.8
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Development
which for me is probably the least interesting thing in this whole space.of all the interesting applications that we've been discussing here,
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2.8
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Development
interesting sectors that we've been talking about, just pure speculation isn't the most compelling or exciting for me at this point.
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Development
the other thing that i would add to what ryan said is what's so great about markets is you can kind of...
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4.2
4
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Development
so there are a lot of technologies coming out that are addressing the problems that are seen with bitcoin.
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H
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1,789
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Development
one really exciting project for us is tezos,
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3.8
5
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1,789
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Development
so what's interesting to me is that you can actually bet on solutions.
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Development
is in a sort of perpetual stalemate or perpetual innovator's dilemma.
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3.2
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1,789
Female
Development
obviously ethereum, ipfs but...
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4.6
5
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1,789
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Development
i think you definitely nailed the major ones that we think about and look at.
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H
3.8
4.8
4.6
1,789
Female
Development
i'm very excited about a future where it is very fluid to move between blockchains. and what i mean by that is so
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4.6
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Development
as long as both parties are each connected to a node on two different blockchains,
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4
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Development
say bitcoin. so now with the lightning network, you can actually enable peer-to-peer cross chain trading.
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4.6
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Development
potential here is for a smart contract on one blockchain to actually interact with the state.
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4.6
4.4
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Development
so for example, i could build an ethereum smart contract,
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Development
if it grows to one bitcoin-
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5
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Development
then actually this ethereum smart contract will send the ether back to me because the other person didn't partake in the trade.
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3.6
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Development
can actually have these peer-to-peer crosschain trading, cross chain interactions,
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Train
the totally fluid ability to move between assets and tokens on a protocol level.
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N
4.4
3.4
4.8
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Development
so getting a new asset won't mean signing up for an exchange.
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Development
who could, for example, boot up your computer,
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U
4.8
4.2
4.8
1,789
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Development
kind of siloed from one another. it's very
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H
3.4
4.6
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Development
easy to move between them.
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4.2
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Female
Development
i think that's one very exciting future that we see between [inaudible 00:06:41]
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Development
both of which and both my opinion and many other people's, both highly deficient solutions.
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4
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1,789
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Development
iota, that's working on a sort of a tangle where in order to initiate a transaction
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Development
and they've kind of done away with the idea of blocks.
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H
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4.2
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Development
probably yes, i-
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O
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Development
general internet latency will probably end up being a greater bottleneck than the actual consensus algorithm.
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N
4.6
4.2
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Development
it's listing the inefficiencies and it's more the fact that under proof of work,
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4.6
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Development
whereas take for example, say the ether whales. as the network becomes more and more valuable,
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N
4
4.2
4
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Development
all of the stake finds itself over many [inaudible 00:07:33]
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4
3.4
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Development
we must certainly concede that reality.
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X
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Development
might consider a catastrophic disequilibrium because ultimately governance of the platform winds up in the hands of a very small number of people.
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N
4.2
3.8
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417
Male
Train
so, if you have just say three guys who hold a massive proportion of the network-
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O
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3.6
5.2
1,789
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Development
have a controlling share and the ability to determine what is and is not a valid transaction.
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X
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3.2
4.6
1,789
Female
Development
how long would it take for this stake to...
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N
3.8
3.8
4
1,789
Female
Development
because [inaudible 00:08:02] of smaller holders is proportionally higher out of their pool of...
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N
4.8
2.8
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1,789
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Development
it takes a very long time. so i don't think
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X
4.6
4.6
4.6
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Female
Development
which i'm kind of willing to move to a
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N
5
3.8
4.8
1,789
Female
Development
but there's a matter of degree here.
[ { "feats": [ 0.10960032045841217, -0.22854040563106537, 0.2358958125114441, -0.09139766544103622, 0.7699481844902039, 0.39046385884284973, -0.03795015439391136, 1.383388638496399, 0.6731507182121277, -0.0591159425675869, -0.8085739016532898, ...
S
4.4
2.8
3.6
1,789
Female
Development
and really how centralized does that get? because
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X
4
2.8
4
1,789
Female
Development
i think both of these are very small.
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N
3.6
4.4
4
1,789
Female
Development
also, if you're talking about a blockchain where a significant amount of innovation continues to evolve,
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O
4.4
3.8
4.2
1,789
Female
Development
the most efficient allocation of capital for investors would likely not be in this perfectly competitive
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