Bankless 113 - How to Be Early | Olaf Carlson-Wee
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Apr 11, 2022 In this engaging discussion, Olaf Carlson-Wee, the founder of Polychain Capital and a pioneering investor in Bitcoin and Ethereum, shares his contrarian insights on the evolving crypto landscape. He emphasizes the potential of decentralized governance and DAOs to reshape employment and business models. Olaf explores the value dynamics in blockchain technology and the transformative power of early innovations like Bitcoin. His unique perspective on the future of decentralized finance makes for a thought-provoking conversation about navigating this ever-changing space.
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Early Bitcoin Conviction
- Olaf Carlson-Wee's interest in Bitcoin stemmed from its decentralized nature, contrasting with the shadowy mechanisms of fiat money.
- He was drawn to the idea of empowering regular people by removing control from global elites.
Beyond Bitcoin
- Olaf Carlson-Wee prioritized exploring new possibilities enabled by different blockchains over Bitcoin maximalism.
- He saw Ethereum's smart contracts as enabling new functionalities not possible on Bitcoin, driving his interest.
Independent Thinking in Crypto
- To gain conviction in crypto, prioritize direct interaction with the technology over secondary sources.
- Download software, use apps, and read primary documentation instead of relying on chatter and noise.