The first employee of Coinbase, Olaf Carlson-Wee, has left the company to start a cryptocurrency hedge fund called Polychain capital. Here is an excerpt from the Coindesk article:
In interview, Carlson-Wee asserted that, owing to the poor returns shown by VCs so far in the industry, investors are better off investing in bitcoin, ethereum, steem, as well as projects like The DAO.
He also happens to be someone who has been living on Bitcoin for three years. It's great to see more Bitcoin people start to recognize Steem and Bitcoin alternatives.
There are many DAO's coming: Maker, Gnosis, Augur etc..
Good ones @busser. Love prediction markets. Let the games begin.
That stood out for me too... with advice like that no wonder VCs are showing poor returns!
Chill out yo. TheDAO was a great idea, I doubt it was his fault the hack happened.
With that name, his fund is gonna take off.
everything is possible
Weeeeeee
Wow wish I had his smarts. good luck to him
The Governments will be lost when the mainstream media in each country will seize this new phenomenon.
I got it covered (this breaking news story an hour ago). Now that the big exchanges see how much money Poloniex and Kraken are making with multi-coin trading, the big players are starting to take interest.
https://steemit.com/steem/@eatgrits/how-long-before-coinbase-accepts-steem
And its only a matter of time before they go from allowing 2 coins to trade on their platform to allowing the top 10 to trade.
I also touch on why Coinbase acceptance is important.
And this is one of the first steps to change the world as we know it. I wonder what are the world banks doing right know. I'm sure they are aware of the cryptocurrency rise.
He's on the right track. Having a good sense where the future is heading too, it only makes sense to switch from fiat to crypto