The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Insight
Milenius: DAOs require fluid, contextual leadership rather than no leadership
“Part of our experience of growing up has been to not be afraid of leadership. Leadership is so big. With humans, whether they're coordinating on mass scales, on micro scales, or anything in between, you know, we've really learned that a good leader is worth ev…”
Andy Milenius Jan 2, 2019 ▶ 47:46 a16z Podcast | All About Stablecoins
Insight
Milenius: Purely self-centered participation prevents successful DAO coordination
“If everybody comes at this from, like, some kind of hyper-rational, self-centered, I'm only in it for myself, mentality. Then they'll just never coordinate. They'll never cooperate, you know, and they'll never put aside their differences and do the hard work o…”
Andy Milenius Jan 2, 2019 ▶ 46:04 a16z Podcast | All About Stablecoins
Insight
Milenius: Daily commerce over 5,000 years relied more on debt than gold
“In terms of the day-to-day lived experience of people's lives working with money over the last, you know, 5000 years, a lot of it actually hasn't been with gold currency in it. It's actually been with debt money.”
Andy Milenius Jan 2, 2019 ▶ 1:43 a16z Podcast | All About Stablecoins
Insight
Milenius: Debt acts as a time machine pulling future value into present
“Debt money is very interesting because it allows you to sort of see into the future, right? If you have a good expectation of what's going to happen in the future, and you want to access that value right now, you can issue debt against it. So I think of debt a…”
Andy Milenius Jan 2, 2019 ▶ 2:32 a16z Podcast | All About Stablecoins
Insight
Milenius: Currency refers to units, while money is a collective social agreement
“Currency and money are actually different. It's a subtle distinction, right? Currency are units. These are the things that we can or can't use as money as we want to, but money is much more like a symbol. It's a collective understanding.”
Andy Milenius Jan 2, 2019 ▶ 5:01 a16z Podcast | All About Stablecoins
Insight
Milenius: Stablecoins are simply a rebranding of traditional money
“If you really think about it, a stable coin is just a rebranding of money. Because it just works the same way as money, and money is a very interesting feature in the sense that when you use it, you don't really think about the fact that it's stable. The whole…”
Andy Milenius Jan 2, 2019 ▶ 6:27 a16z Podcast | All About Stablecoins
Insight
Milenius: Blockchains enable traditional banks to become transnational actors
“Seeing it as this emergent, accessible space, I think, is really, really compelling for not only banks, but, like, tons of different finance companies and different enterprises in general to suddenly become these transnational actors that they weren't before, …”
Andy Milenius Jan 2, 2019 ▶ 17:34 a16z Podcast | All About Stablecoins
Insight
Milenius: Diversified asset pools protect DAI against single-asset failures
“And so, one of the really, really important details about DAI is this idea that there's a lot of different types of assets. So you can imagine supply chain invoices, you can imagine, like, commodities like gold, you can imagine pure cryptocurrencies like Ether…”
Andy Milenius Jan 2, 2019 ▶ 21:21 a16z Podcast | All About Stablecoins
Insight
Milenius: Smart contracts function like virtual hardware due to immutability
“One of the most interesting ways that smart contracts are different from traditional software engineering is that they actually have the characteristics of virtual hardware.”
Andy Milenius Jan 2, 2019 ▶ 30:11 a16z Podcast | All About Stablecoins
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