Olaf Carlson-Wee (Founder of Polychain Capital) highlights the industry-wide consensus shift toward proof-of-stake protocols among new blockchain launches in 2019.
“There's a reason that every, you know, I think 2017 was a major year of fundraising. And 2019 is a major year of launches, and there's a reason that every blockchain that's launching today is mostly using proof stake.”
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More from Olaf Carlson-Wee
Opinion
Carlson-Wee: ICOs are the most efficient capital coordination mechanism in history
“With ICOs, I think that it's probably the fastest and most efficient capital coordination we've ever seen in capitalism, like, since money was invented.”
Olaf Carlson-WeeJan 2, 2019▶ 19:31a16z Podcast | Trends in Cryptocurrencies
AssertionPartly supported
Carlson-Wee: Ethereum has 100 times more app developers than core developers
“Ethereum has this weird problem where there's probably a hundred X the number of developers building apps on top as there are building core protocol stuff for Ethereum.”
Olaf Carlson-WeeMay 8, 2019▶ 11:27Seven Trends in Blockchain Computing (Spring 2019)
Insight
Carlson-Wee: Mitigating 51% attacks is significantly easier in proof-of-stake networks
“The second thing is that if you attack a proof of stake network, mitigation of the attack after it happens is significantly easier. So if you, come in with, you know, 51% of the coins, and in, in most proof of stake, it's actually 34% of the coins is enough to…”
Olaf Carlson-WeeMay 8, 2019▶ 14:48Seven Trends in Blockchain Computing (Spring 2019)
Insight
Carlson-Wee: Decentralization is an architecture for permissionless building, not an ideology
“Decentralization is not an ideological thing. It's an architecture to support that permissionless building.”
Olaf Carlson-WeeMay 8, 2019▶ 25:27Seven Trends in Blockchain Computing (Spring 2019)
PredictionNot checkable as stated
Carlson-Wee predicts DAOs will use internet money for financial contracts
“If we do have these sort of decentralized, autonomous corporations or something, they're going to be using the internet money in order to communicate among each other and create financial contracts and things like that.”
Olaf Carlson-WeeMay 8, 2019▶ 27:49Seven Trends in Blockchain Computing (Spring 2019)
Opinion
Carlson-Wee: Locking 5% of Ether in MakerDAO creates systemic risk
“Now I do think it almost starts to create systemic risk at around, say, five percent of all ether.”
Olaf Carlson-WeeMay 8, 2019▶ 35:16Seven Trends in Blockchain Computing (Spring 2019)
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