Fred Wilson
Fred Wilson is the co-founder of Union Square Ventures (USV), which launched in 1991. He has served on the board of directors of startups like Coinbase and Twitter.
Fred Wilson is the co-founder of Union Square Ventures (USV), which launched in 1991. He has served on the board of directors of startups like Coinbase and Twitter.
All coin and product reviews by expert Fred Wilson.
Late last year, USV invested in Numerai, a hedge fund that uses data scientists all around the world to โcrowdsourceโ stock price predictions. I blogged a bit about Numerai then.
If that business model wasnโt cutting-edge enough for you, the Numerai team has now gone a step further and issued a crypto-token called Numeraire to incent these data scientists to work together to build the best models instead of just competing with each other.
Full review2017-02-22
To be clear, I donโt think Steem has this all figured out. I donโt own any Steem (or at least I donโt think I do). And I think they have made things a bit too complicated with their tokens and incentives. To their credit, they have taken steps to simplify things, and they are headed in the right direction.
Full review2017-01-05
We are also seeing signs that users like using crypto-assets in mobile and web apps. Kin, built by our portfolio company Kik, has become one of the most used cryptocurrencies in the world.
Full review2019-09-04
Bitcoin is the one protocol that has found lasting product-market fit. In terms of a censorship proof digital store of wealth, there is nothing that comes close to Bitcoin. There are some protocols, like the privacy-focused ones, that offer similar and in some cases better use cases. But for the most part, Bitcoin is our digital gold.
Full review2019-09-04
Ethereum . . . confounds me. It has shown the way to so many important things; smart contracts, programmable trust-free computing, potentially proof of stake, and a lot more. But it remains hard to build on, scaling issues abound, and many developers are looking elsewhere.
Full review2019-09-04
Crypto dollars, like other crypto assets, ride on crypto rails. I can send my crypto dollars from my Coinbase wallet to your Coinbase wallet, your Ledger wallet, or many other crypto wallets.
USDC is built on Ethereum and is an ERC-20 token. So it uses crypto standards to ride on these crypto rails.
But more than all of that, USDC are programmable dollars. This is a big deal. Kind of like the difference between an MP3 file and song on a cassette tape. Once an asset is natively digital, without any strings attached, and can be programmed and routed digitally, interesting things happen.
If you have cash balances in your Coinbase account, consider using at least some of them to buy USDC. Then send them around to friends and family. It will feel like using Venmo today. But that is just the start of a lot more to come once programmers start building apps that accept USDC and other crypto assets.
Full review2020-02-11
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