UpOnly: Chats with Crypto Experts

Konstantin Lomashuk: Investing in people with a long term outlook

May 19, 2021

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ANECDOTE

Early Skepticism

Konstantin Lomashuk initially dismissed Bitcoin as a Ponzi scheme.
He later invested in Bitcoin and Ethereum after observing smarter individuals involved.

ANECDOTE

Ethereum Crowdsale and Satoshi Fund

Lomashuk's cofounder introduced him to Ethereum's whitepaper.
They invested in the crowdsale and built Satoshi Fund, achieving 7000% returns for investors in 2017.

ANECDOTE

Satoshi Fund Closure

After the Parity hack, Satoshi Fund closed due to legal structure issues.
Lomashuk spent six months unsuccessfully searching for a suitable legal framework for a blockchain traded fund.

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