Fred Ehrsam, Co-founder of Coinbase, mentions Steemit twice in his AMA!

in #coinbase8 years ago (edited)


Q: What products in the crypto space excite you the most, besides a money wallet/bank like Coinbase? 

(this  is Chris Dixon's phrasing, so credit to him) but one way to think about  it is: take every app from the last 20 years and build economics into  it where you get paid to add value to the app. Ex: steemit you get paid  to submit great posts

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Q: Do you think the significantly faster confirmation times (14 seconds v.  10 minutes) may eventually draw more coinbase users into using Ether for casual value transfer, p2p payments, as opposed to Bitcoin? Thank you! 

 I think the biggest thing that will drive txn volume is apps people want  to use being created, and at the moment it looks like those are mostly  either being created on Ethereum or their own blockchains (Steem). 

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It looks like #Steemit is his favorite example of how to (successfully) "blockchain all the things"! 

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Great post, validation from an industry leader!