The Ledger, every show

Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.

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a16z Assertion Supported
Felten: Bitcoin's 21 million supply cap is changeable by community consensus
“Right now the monetary policy is grow asymptotically to twenty-one million Bitcoins, but that could change by consensus of the community. That twenty-one million limit is not inherent mathematically. It's just a number that is hardwired into the currently used…”
Ed Felten Jan 2, 2019 ▶ 26:02 a16z Podcast | Beyond Bitcoin -- The Blockchain
a16z Prediction Not checkable as stated
Felten: Bitcoin will become too large for traditional regulators to disrupt
“I think a lot of people in the sort of old school finance, finance and financial regulation world just think this whole thing is a bubble and will go away if they ignore it. I don't think that's true, and I think that as they wake up, they may start looking at…”
Ed Felten Jan 2, 2019 ▶ 10:51 a16z Podcast | Beyond Bitcoin -- The Blockchain
a16z Insight
Felten: Smart contracts, DACs, and virtual corporations are fundamentally equivalent
“They're sometimes called smart contracts or virtual corporations, etc. I really just, first, first, these things are fundamentally equivalent to each other. And second, I prefer just to use the term mechanism, right?”
Ed Felten Jan 2, 2019 ▶ 1:01 a16z Podcast | Beyond Bitcoin -- The Blockchain
a16z Insight
Felten: Displacing incumbent cryptocurrencies requires superior utility to overcome network effects
“I think it's the case that if you can convince the community that your new thing is enough better in, along some dimension they really care about, then there will be a space for your currency to get a foothold. Maybe something that existed before falls away, r…”
Ed Felten Jan 2, 2019 ▶ 12:27 a16z Podcast | Beyond Bitcoin -- The Blockchain
a16z Assertion Partly supported
Ed Felten: Reputable businesses must report large Bitcoin transactions
“It's already the case that if you are a reputable business that deals with large Bitcoin transactions, those have to be reported to the government, or you're going to end up in behind bars pretty quickly.”
Ed Felten Jan 2, 2019 ▶ 8:56 a16z Podcast | Beyond Bitcoin -- The Blockchain
a16z Prediction Held up
Felten: Bitcoin volatility will decrease as adoption and liquidity grow
“I think the exchange rate of Bitcoin will settle down if it grows. You get more liquidity in the market, and you get more sophisticated economic modeling of what the fair price is. And then I think the volatility goes down somewhat.”
Ed Felten Jan 2, 2019 ▶ 21:12 a16z Podcast | Beyond Bitcoin -- The Blockchain
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