Albert Wenger
Albert Wenger is a managing parter at Union Square Ventures. He formerly was president of del.icio.us.
Reviews by Albert Wenger
All coin and product reviews by expert Albert Wenger.
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Albert Wenger on Bitcoin Managing Partner at Union Square Ventures
Bitcoin continues to be misunderstood by many people in the cryptocurrency space who want it to be more than it has to be for it to succeed. . . . Yes, Bitcoin has all sorts of drawbacks as a blockchain, but it is the one cryptocurrency with a widely understood use case: censorship resistant store of wealth. Fiat currencies, precious metals and real estate (including land) all have more government control and/or are more difficult to move around and transact in than Bitcoin. With everything crazy that’s going on in the world politically, the demand for censorship resistant wealth storage is high and growing.
Full review2017-10-30
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Ethereum faces a strong headwind not only from th[e] change in sentiment [on ICOs] but also from relatively costly and slow on-chain computation. The bull case for Ethereum is that sometime in 2018 we will see a couple of Ethereum-based projects launch successfully and get broad adoption *AND* progress is made on Ethereum scaling (either directly or through projects such as Raiden or Plasma). The bear case is that at least one or possibly both of these don’t happen.
Full review2017-10-30
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Today marks a big milestone for the Algorand Core Team and Algorand Foundation. They conducted the first on-chain Algorand auction and it came off without a hitch....
The auctions themselves are meaningful in several ways. They show off a capability that is built natively into the Algorand blockchain. This capability will be useful for all sorts of auctions, not just of Algos but of other items. This is a novel way of combining price discovery with ongoing funding for the development of Algorand
Full review2019-06-19
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