Invest Like The Best
Episode 66 A Sober View on Crypto
Invest Like The Best

Episode 66: A Sober View on Crypto

A Sober View on Crypto

Adam Ludwin is the founder and CEO of Chain, a blockchain technology company targeted at large enterprises. We cover decentralized applications, Bitcoin as a store of value, and investing in Initial Coin Offerings (ICOs).

This episode is brought to you by:

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[00.02:35] – (First Question) – Will anyone use cryptocurrency in the real world at a large scale

[00.03:43] – The idea of censorship resistance 

[00.12:29] – Will society be accepting of this technology

[00.14:39] – Why decentralized apps can’t be acquired

[00.18:24] – The idea of exponential vs linear improvements on a trend and if there are limits to the growth of decentralized technologies

[00.23:26] – The struggle with early adaption of blockchain

[00.25:41] – The best application for bitcoin: storing value

[00.29:52] – Adam’s introduction to crypto-assets and how his thinking has evolved in the space

[00.36:44] – In this hyper frothy market, is there a situation that makes an ICO exciting to Adam

[00.43:51] – Even though it appears to be easy money, Adam explains why you shouldn’t just create an ICO

[00.50:59] – A look at what Chain is doing and what Adam is excited about

[00.53:23] – How does what Adam is working on help to improve the ledger of his clients

[01:02:00] – Why you can easily be an early investor in cryptocurrency

[01:04:27] – Kindest thing anyone has done for Adam

A Sober View on Crypto

Introduction

Patrick
My guest this week is Adam Ludwin, the founder and CEO of Chain, a blockchain technology company targeted at large enterprises. Before shifting his career to focus solely on crypto, Adam was a venture capitalist focused on FinTech which is how he came across the Bitcoin white paper earlier than most. I call this episode a sober view on crypto because Adam's take is so balanced. He is certainly long crypto both in his portfolio and career, but he is very skeptical of much of what is happening today in the ecosystem. For example, He offers the best reason that I've heard for not launching an ICO or investing in them. If you haven't read Adam's widely shared open letter to Jamie Diamond, it has become a must-read piece for crypto enthusiasts, read it as soon as you can.

Decentralized Applications and Censorship Resistance

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