At some point, kids will stop opening bank accounts and just have crypto wallets
Fred Ehrsam
1,824 posts
Fred Ehrsam
@FEhrsam
- When @brian_armstrong and I started @coinbase in 2012, a #bitcoin was worth $6 and only known by a few nerds on the internet. #bitcoin was the crazy idea that the world could have a digital money for everyone. @coinbase had one mission: to make crypto easy to use.
- “Why decentralization matters” went from theoretical to mainstream overnight.
- Virgil Abloh was a pioneer in music, art, and fashion. Most people don't know he was also ahead of the curve on Web3. Shared with permission from his team, here is an early iteration of a DAO he envisioned. dropbox.com/s/sgrtgh3zbhid…
- One thing most people don't fully grasp: it takes years, often decades, to go from a new infrastructure-level technology breakthrough (like crypto) to a vibrant ecosystem of mainstream applications.
- Crypto has become a huge part of top US universities. Of the top 10: - 4 have dedicated crypto centers (Stanford, MIT, Columbia, Princeton) - Almost all have dedicated classes, which in some cases are the most popular at the school - Almost all have dedicated student groups
- ~10% of Americans own cryptocurrency
- I founded @nudge with @quintinfrerichs. We’re building an ultrasound headset to enhance human experience. Press a button to shift your brain state: go to sleep, boost focus, break habits, elevate mood, etc. We believe this device has the potential to improve people’s daily lives
- In 30 years, we’ll thank Bitcoin as the driving force behind novel forms of energy production
- Blockchains are similar to the invention of mechanical time. Both create global standards which allow levels of coordination previously “not just impossible, but unimaginable”:
- Ethereum is the open social network of the future. The apps to use it that way just haven't been built yet.
