Altcoins
topic on 4 shows · 6 statements across 5 episodes
Startup Acquisition Stories 
Capital Allocators 
the a16z Podcast 
20VC
6 statements about Altcoins, every show
Mark Casey predicts no crypto altcoins will succeed long term
“I kind of don't think any of the altcoins are really gonna work long term, whether maybe the architecture isn't decentralized, or maybe Gary Gensler at the SEC will get his way and successfully argue legally that the altcoin is an unregistered security and nee…”
Gazdecki started a crypto startup during Bizness Apps due diligence
“So I ended up starting a crypto company called all coin. That one wasn't nearly as successful, but I was, Literally building a company, like, during due diligence”
Paul: Wealth created by Bitcoin flows down the risk curve to newer assets
“The wealth created by Bitcoin flows down the risk curve. Bitcoin going from 3000 to 30,000 in a year, that generates wealth. That wealth looks for its next 10 X and flows down the risk curve into riskier, newer assets.”
Green: Exchange inefficiencies, not network effects, limit altcoin adoption
“See, actually, I don't agree with that. I think that there's room for a large number of altcoins, and I think the reason that the existing altcoins are not as popular is just because of inefficiencies in the way that exchanges work.”
Green: Altcoins are experimenting with supernodes for fast transaction confirmations
“So some of the altcoins, actually anonymous altcoins, have middle, semi, semi-decentralized layers, where there are the users, and then there's kind of a small number of supernodes. And an experiment that some of these altcoins are doing is trying to use those…”
Lee: ICO crash will trigger capital flight to Bitcoin and Litecoin
“I think there will be a slight to quality. So people would Sell their tokens for Ether, and potentially sell their Ether for Bitcoin. So, it would crash a lot of the ICO tokens, a lot of the altcoins, but I think it would be good for the stronger currencies ou…”