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Spencer Bogart
2,539 posts
Spencer Bogart
@CremeDeLaCrypto
General Partner at 𓇼 Blockchain Capital 𓇼. Investing in people, companies, and protocols building the future of crypto.
San Francisco, CA
Joined January 2016
It's going to be a rough decade for the crowd that keeps hoping Bitcoin will die...- Amazing how many people tell me "the deeper I go, the more I realize how important Bitcoin is". Usually takes 6-12 months of full time deep diving into BTC and other coins before the appreciation really sets in.
- A quarter of a million people got "in-line" for Robinhood's new crypto trading feature in the first *8 hours* alone... If we didn't already have the attention of every fintech and financial services firm, we do now!
GIF - Woah "[Bitcoin's] mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future" -@nntaleb
- Worst way to spend time in crypto in 2018? Technical analysis! (Learn nothing about the technology, gain no insights about the industry and likely to lose money!) Instead, join a project, learn, or help build!
- 1/ People waiting to see Bitcoin inside of big banks as an “add-on” are missing the point: Crypto is building a parallel financial system.I just published "Bitcoin, Ethereum, and the Parallel World of Crypto-Finance" forbes.com/sites/spencerb…
- I thought Worldcoin was some dystopian Orwellian nightmare, then our team invested hundreds of hours evaluating what the project’s contributors have actually built and I completely changed my mind - why we led the latest financing 1/
- Bitcoin "failed" because transactions took too long. Then Bitcoin "failed" because it couldnt support enough transactions. Now Bitcoin is "failing" because transactions are too expensive. Yet it hasnt failed at all.
- 1/ I just published ‘Bitcoin is a Demographic Mega-Trend: Data Analysis’ Which features results from a survey of American adults regarding Bitcoin awareness, familiarity, perception, conviction, propensity to purchase, and actual ownership
- Programmable money is a multi-trillion dollar opportunity, plain and simple.
- Excited about crypto?! Investing *financial capital* is just one way to go long the industry. Another is to invest your *human capital*: Join a project or company. Build something. Invest the time to educate yourself on the industry.
- If your primary metric for comparing blockchains is transactions-per-second (TPS), you'll eventually realize that AWS is your favorite "blockchain".
