Ehrsam: Developer activity is crypto's key leading indicator
Fred Ehrsam · a16z Podcast | Why Crypto Tokens Matter · Jan 2, 2019 · at 20:33
Fred Ehrsam, co-founder of Coinbase, highlights tracking open-source developer activity on GitHub as the primary metric for crypto ecosystem adoption and growth.
0:00 / 0:04exact quote · 4.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Perhaps the leading indicator of the whole industry is developer activity and experimentation.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Fred Ehrsam
Ehrsam: Bitcoin created the world's largest supercomputer network by 4 orders of magnitude
“And years later, we have a seventy billion dollar cryptocurrency, a whole ecosystem of companies, users and investors involved and the largest supercomputer network in the world by four orders of magnitude.”
Ehrsam: A working sharding upgrade would boost Ethereum's market value by 10-20%
“If you're to come out and submit an improvement, like sharding, for example, a working implementation, it could easily raise the value of the network 10 or 20%, which we're talking two and a half to five billion dollars.”
Ehrsam: Crypto tokens resemble currencies rather than cash-flow equities
“Upon closer examination, tokens more closely resemble currencies where you look at some kind of monetary theory equation like MV equals PQ, and it turns out that the important things to look at are not the right to a future stream of cash flows. Rather, it's t…”
Ehrsam: Crypto enables direct monetization of internet building blocks
“You could pay for literal goods and services on the internet, but the building blocks of the internet themselves were not precisely programmed and parceled out into little units that you could pay for directly through the protocol. And that's sort of what we'r…”
Ehrsam: Requiring economic staking on email accounts would eliminate spam overnight
“Spam email is killed overnight, probably.”
Ehrsam: Ethereum throughput is 20,000x short of running Facebook
“And if you look at what Ethereum is capable of in terms of just throughput of the network, it can't handle more than about twenty-ish transactions a second right now, which means that you're about 20,000 X off being able to run Facebook on the chain.”