bootstrap problem
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jan 2, 2019 by Chris Dixon · across every show →
Everything said about bootstrap problem, oldest first
Jan 2, 2019 bullish
Dixon: Crypto solves network bootstrapping by trading financial value for utility
“And so one thing that cryptocurrency does potentially is it's like a universal solution to the bootstrap problem. We call it chicken egg problem, which is you incentivize the early users when there's not enough network value, you give them financial value. And…”