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Chris Berniske

Partner & Co-Founder, Placeholder · 1 appearance on the record.

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investorauthoranalystfounder@cburniske ↗LinkedIn ↗placeholder.vc ↗Wikipedia ↗

Before co-founding crypto venture firm Placeholder in 2017, he served as the blockchain products lead at ARK Invest. He also co-authored the book Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond.

8statements → 4claims → 0claims resolved → 3.25/5average certainty → 2.62/5average debate potential → 2said about them ↓

4 not checkable as stated how the 4 claims stand · each chip opens the sources

3 predictions · 1 assertion · 2 opinions · 2 insights · every statement was checked. The predictions and assertion are the 4 claims: statements the public record can support or contradict. 0 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

Everything Chris Berniske said on the a16z Podcast that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated
Berniske: End users will pay in fiat while work tokens handle supply side
“And I think we'll increasingly see this where the demand side is going to just pay in whatever asset they want. They don't need to interface with crypto assets from a day to day perspective, but you can still have value in a work token that organizes the suppl…”
Chris Berniske Feb 26, 2019 ▶ 5:00 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Prediction Not checkable as stated
Berniske: Value capture in crypto will move up the protocol stack
“I think we will see an evolution of value capture within crypto, where value will start to move up the protocol stack.”
Chris Berniske Feb 26, 2019 ▶ 23:48 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Prediction Not checkable as stated
Berniske: Most Layer 1 protocols will be commoditized
“So I don't think every layer one protocol will capture a ton of value. I think most of them will get commoditized and the ones that don't will be the ones that become these stores of value.”
Chris Berniske Feb 26, 2019 ▶ 25:29 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Insight
Berniske: Decentralized services require lower costs or unique functionality to win adoption
“And the only way that that ends up being a service that the end user uses is either if it's cheaper than existing services that you can get from the centralized model, but on par in terms of user experience, or it's a fundamentally new experience or service, a…”
Chris Berniske Feb 26, 2019 ▶ 4:04 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Opinion
Berniske: Work tokens prevent passive capital accumulation in cryptonetworks
“I think one thing, even if we end up in a work token world or taxi medallion world where we've separated capital and currency again, at least within those networks, the one reassuring thing is that you can't be a passive accumulator of capital. You have to be …”
Chris Berniske Feb 26, 2019 ▶ 8:57 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Assertion Not checkable as stated
Berniske: Crypto networks lacking formal governance devolve into defection
“I think also if you don't have formal governance mechanisms and clarity around it, you devolve into governance by defection. And we saw that with Bitcoin.”
Chris Berniske Feb 26, 2019 ▶ 38:21 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Opinion
Berniske: Developer attention is crypto's most valuable resource
“Developer attention is the most valuable resource, I would argue, within crypto right now.”
Chris Berniske Feb 26, 2019 ▶ 24:15 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Insight
Berniske: Fixed-supply governance tokens appreciate as network governance costs grow
“If you have a fixed supply of that asset, But the cost and value of governing that network is going up, then so too should the cost per token of that asset.”
Chris Berniske Feb 26, 2019 ▶ 27:55 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)

The other half of the tape: Chris Berniske's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on the a16z Podcast. every mention, with the transcript →

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Appearances (1)

EpisodeDateSpeaking time
a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?) Feb 26, 2019 7m
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