Fred Wilson Predictions

lukep

lukep

He Hath Arisen
Sep 18, 2010
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On the blockchain
#1 VC Fred Wilson talks for 25 minutes here about the best trends to be betting on.

It the kind of info that you can build a business on or stake a claim in... Everyone here should watch it... Maybe twice:

http://www.youtube.com/watch?&v=R43OKYmGbhU

He covers a ton of up-and-coming industries and pans google glass.

And don't worry, he only mentions bitcoin for a few moments around the 19 minute mark. ;)

I do find it interesting that over the years his views seem to have gotten more and more libertarian. He practically sounds like Ed Snowden at parts.


Damn, won't embed
 


[ame=http://www.youtube.com/watch?v=R43OKYmGbhU]Fred Wilson, Managing Partner, Union Square Ventures - YouTube[/ame]


Smart dude. Liked his discussion on how/why hierarchies are slowly eroding.
 
Thanks for sharing.
Might it be that Fred Wilson is referring to something like ethereum?
Lukep, do you have an opinion on ethereum?
 
thanks, lukep... i can't get enough of VC perspective, unclear why (even if they disagree) anyone in our industry wouldn't want to know what others were thinking.
 
WildGunner said:
Take note: Unsubsidized Android smartphone. 3rd world. Bill Gates' planned worked BUT it is not his device or platform.
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grateful i only watched half before i got told on which altar to start killing cows.
 
mailing said:
Thanks for sharing.
Might it be that Fred Wilson is referring to something like ethereum?
Click to expand...
Something like? Probably.

Etherium? No.


mailing said:
Lukep, do you have an opinion on ethereum?
Click to expand...
I could write a freaking dissertation on Etherium.

I had been following the career of both its' original founders, Charles and Vitalik, before they came up with it. Both are extremely smart people. Both have libertarian, cryptoanarchic views. Both have coding skills & tons of vision...

Sadly, neither one of them has a clue about the importance of balanced incentive structures. Etherium doesn't have a chance.

This is what happens when you try to build something that is open source and peer2peer but still try to maintain an income stream. (In the form of a new altcoin called Ether that is the only way to run services on the network) The fact that it is open/P2P promises a free product but then they slap fees galore throughout the system and peoples' expectations are not met.

Plus, it's still centralized since they aren't anonymous, so that's going to turn off a lot of hardcore P2P folks as well.

Nowadays they've gotten about 20 other smart ppl on their team and have a huge & enthusiastic group gathered on their forums and even have meetups in person all over the world... Bigger group than most altcoins in fact!

I would cheer it on if it weren't destined to fail horribly. They've designed in a serious flaw from the very start and I'm tempted to think the very existence of Etherium is just a big-banker-sponsored psy-op to draw the talent and enthusiasm away from bitcoin. :(

Meanwhile, there's got to be a dozen groups trying to make smart contracts happen ON the bitcoin blockchain, with no fees nor flaws. At least all of the open Etherium code will be there for these guys later when ethereum's flaws are understood by the whole market.
 
Freddie loves bitcoin. He's been buying them up every chance he gets:

"I bought a little Bitcoin today. Not much. But I always feel good buying when there is blood in the streets in any market. It is my favorite time to buy."

Mt Gox
 
mailing said:
Lukep, do you have an opinion on ethereum?
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Just watched a video of a couple guys creating a test / example contract, and I don't get it. It's not meant for your average person, and you literally have to be a software developer in order to use the contracts.

Maybe I'm missing something, but I'm not sure what they're expecting here. A couple guys make a business deal, then they have to get their lawyer and developer together -- lawyer to write the contract in English, and developer to write it in Python? Well, who's going to use that?

Or maybe they're hoping businesses and payment processors will adopt this, and build on top of it? I'm a bit lost as to who their target market is, and how they envision this thing moving forward.
 
Kiopa_Matt said:
Just watched a video of a couple guys creating a test / example contract, and I don't get it. It's not meant for your average person, and you literally have to be a software developer in order to use the contracts.

Maybe I'm missing something, but I'm not sure what they're expecting here. A couple guys make a business deal, then they have to get their lawyer and developer together -- lawyer to write the contract in English, and developer to write it in Python? Well, who's going to use that?

Or maybe they're hoping businesses and payment processors will adopt this, and build on top of it? I'm a bit lost as to who their target market is, and how they envision this thing moving forward.
Click to expand...

I'm assuming the latter.
 
Personally, I prefer Fred Willard.

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