Adam Ludwin on Bitcoin

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Adam Ludwin is the CEO of Interstellar. He previously co-founded Chain and was a venture partner at RRE Ventures.

Chain

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Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

Finance and payments

Bitcoin reviews by Adam Ludwin

🔑 2 positive | 💩 0 negative

2018

  • 🔑

    [W]hat *are* people buying with Bitcoin that dwarfs its use in traditional e-commerce and on the dark web? Remarkably, the answer is something that DIDN’T EVEN EXIST when the Bitcoin paper was published and ONLY EXISTS NOW *because* it was published.

    The answer is that, so far, the primary “commerce” use case emerging for Bitcoin is to buy *other digital assets*.

    In just the last couple years, billions of dollars in purchases of digital assets have been made with Bitcoin (and Ethereum). . . . Bitcoin and the broader cryptocurrency ecosystem has giving rise to an emergent “commerce” use case that no one, including Satoshi, could have predicted.

    2018-03-22 | Full Review

2012

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Stellar is designed specifically for tokenizing assets, which anyone can do by being an anchor on the network. It has a built-in order book for decentralized asset exchange. Its consensus model, SCP, strikes the right balance between decentralization and trust.

2018-09-10 | Full Review

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I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

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If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.

2014-01-21 | Full Review

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Bitcoin takes powers from the central actors and returns it to merchants and consumers, savers and borrowers. Bitcoin brings back some pseudonymity in the transactions, and can be irrevocably traded like cash. And finally, it points a way towards a single currency – it is a bug, not a feature, that we have multiple global currencies with exchangers and transaction fees in between.

2013-11-07 | Full Review

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