Fred Ehrsam @FEhrsam Twitter profile

Last Seen Profiles

@ALICEGLASS

@zeth_total

@Rigshospitalet

@MARU_wanzai

@niu_pr

@RT_Pig

@TransEquality

@SkyBet

@JakeLink

@stweets13

@GulfKanawutIT

@cabdesigners

@UMArtDept

@Melnyk_Yuriy

@somamusical

@FCRabona33

@WesleyGullett

@EmberHome

@luci_datum

@AGSteveMarshall

@CanadainRwanda

@kotsume_CEO

@theowoyemilekan

@juliegnh

@klc4_trump

@PSF_Rwanda

@PeaceofAmerica1

@pauljkowalski

@ColleenHoriates

@JohnRoutledge11

@yooncits

@AthleticsNlsd

@stw_pdg

@ver_poets

@lliesuga

@packbrewfan

Fred Ehrsam

@FEhrsam

3 years

At some point, kids will stop opening bank accounts and just have crypto wallets

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Fred Ehrsam

@FEhrsam

3 years

How it started How it's going

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Fred Ehrsam

@FEhrsam

3 years

When @brian_armstrong and I started @coinbase in 2012, a #bitcoin was worth $6 and only known by a few nerds on the internet. #bitcoin was the crazy idea that the world could have a digital money for everyone. @coinbase had one mission: to make crypto easy to use.

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Fred Ehrsam

@FEhrsam

3 years

“Why decentralization matters” went from theoretical to mainstream overnight.

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Fred Ehrsam

@FEhrsam

2 years

Virgil Abloh was a pioneer in music, art, and fashion. Most people don't know he was also ahead of the curve on Web3. Shared with permission from his team, here is an early iteration of a DAO he envisioned.

“SKYSCRAPER” V2 04.06.2021.pdf

Shared with Dropbox

www.dropbox.com

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Fred Ehrsam

@FEhrsam

3 years

Thank you Satoshi, whoever you are.

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Fred Ehrsam

@FEhrsam

2 years

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Fred Ehrsam

@FEhrsam

2 years

One thing most people don't fully grasp: it takes years, often decades, to go from a new infrastructure-level technology breakthrough (like crypto) to a vibrant ecosystem of mainstream applications.

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Fred Ehrsam

@FEhrsam

2 years

Crypto has become a huge part of top US universities. Of the top 10: - 4 have dedicated crypto centers (Stanford, MIT, Columbia, Princeton) - Almost all have dedicated classes, which in some cases are the most popular at the school - Almost all have dedicated student groups

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Fred Ehrsam

@FEhrsam

3 years

~10% of Americans own cryptocurrency

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Fred Ehrsam

@FEhrsam

3 years

In 30 years, we’ll thank Bitcoin as the driving force behind novel forms of energy production

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Fred Ehrsam

@FEhrsam

6 years

Blockchains are similar to the invention of mechanical time. Both create global standards which allow levels of coordination previously “not just impossible, but unimaginable”:

The Blockchain Economy: A beginner’s guide to institutional cryptoeconomics

Chris Berg, Sinclair Davidson and Jason Potts are from the RMIT Blockchain Innovation Hub, the world’s first social science research centre…

medium.com

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Fred Ehrsam

@FEhrsam

3 years

Ethereum is the open social network of the future. The apps to use it that way just haven't been built yet.

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Fred Ehrsam

@FEhrsam

3 years

In 50 years, it will be unimaginable that the networks which run society: money, the financial system, and internet platforms, were once closed

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Fred Ehrsam

@FEhrsam

7 months

Update: My role at Paradigm will be shifting from Managing Partner to General Partner. I’ll continue to work with our investing & research teams, work with portfolio companies, and fight for good crypto policy, while focusing less on the day to day management of the firm. I look

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Fred Ehrsam

@FEhrsam

4 years

. @kanyewest is a Series A venture capitalist of music. Takes risk on early trends. @Drake is a growth investor. Takes trends that have clear product/market fit and pushes them mainstream.

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Fred Ehrsam

@FEhrsam

4 years

Books should be structured as expandable trees. One paragraph summary of each chapter, expandable into summaries of component points/stories, expandable into the full text. Can read the whole book in 5 minutes or 5 hours.

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Fred Ehrsam

@FEhrsam

2 years

Category defining companies are built in bear markets. In crypto: 2012: Coinbase (exchange/onramp) 2015: Ethereum (programmable L1) 2018: Uniswap (DeFi) 2018: OpenSea (NFTs)

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Fred Ehrsam

@FEhrsam

3 years

Ripple declares itself "a better alternative to Bitcoin" and Bitcoin and Ether "Chinese-controlled" in a last ditch effort to save themselves. Have you no modesty @Ripple ? No shame?

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Fred Ehrsam

@FEhrsam

6 years

Coinbase now top 10 in the App Store

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Fred Ehrsam

@FEhrsam

1 year

Injecting human brain cells into rats causes them to "take over" the rat brains and improve their memory. In this study, rats with human glial (precursor brain) cells were able to navigate a maze over twice as fast.

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Fred Ehrsam

@FEhrsam

6 years

Just like the last 3 crypto “crashes”, feels surprisingly good to watch prices fall. Makes it easier to focus on the substance.

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Fred Ehrsam

@FEhrsam

3 years

Web2: Centralized won because people value convenience. Web3: Decentralized will win because people value ownership.

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Fred Ehrsam

@FEhrsam

3 years

After years of listening to @Nas as a kid, surreal... "I'm Coinbased, basically cryptocurrency Scarface Join us, there’s gotta be more of us"

DJ Khaled ft. Nas, JAY-Z & James Fauntleroy and Harmonies by The Hive...

Official music video for DJ Khaled feat. Nas, JAY-Z & James Fauntleroy and Harmonies by The Hive “SORRY NOT SORRY” off his KHALED KHALED Album KHALED KHALED...

www.youtube.com

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Fred Ehrsam

@FEhrsam

5 years

Genetic engineering 2019: It’s inhumane to edit embryos 2049: It’s inhumane to *not* edit embryos to eliminate disease, give larger mental faculties for a richer world experience, etc

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Fred Ehrsam

@FEhrsam

3 years

Crypto wallet = bottomless backpack for a digital world

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Fred Ehrsam

@FEhrsam

3 years

"Metaverse not Web3" is the new "Blockchain not Bitcoin"

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Fred Ehrsam

@FEhrsam

2 years

The first time I met Balaji, he showed up to the Coinbase office (apartment) in the rain wearing ripped sweatpants and shoes with holes. But the content was mind blowing. @balajis is one of the great minds of our generation, and consistently provides a glimpse into the future.

Balaji

@balajis

2 years

I've been writing a book on how to start a new country. It's finally coming out. You can preorder it now. It arrives on July 4.

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Fred Ehrsam

@FEhrsam

5 years

"The most useful piece of learning... is to unlearn what is untrue" - Antisthenes

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Fred Ehrsam

@FEhrsam

6 months

Tough to understand how to regulate something you're not allowed to use. Imagine if everyone at the Department of Transportation weren't allowed to use cars.

Bitcoin Magazine

@BitcoinMagazine

6 months

JUST IN: 🇺🇸 SEC is having trouble hiring #Bitcoin and crypto experts, because of a rule that they must sell their assets.

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Fred Ehrsam

@FEhrsam

3 years

DeFi is the new financial system. It is the "internet of money". It is open and permissionless. It is built from the ground up by entrepreneurs around the globe. It is the new frontier where 2 people in a garage can change the world.

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Fred Ehrsam

@FEhrsam

9 months

It will be obvious in retrospect that financial services would eventually work like the internet: an open network that anyone can access and build on.

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Fred Ehrsam

@FEhrsam

2 years

This was to be Virgil's first NFT, “Self Portrait”. It is his envisioned DAO smashing through the Louvre, representing Web3 smashing the barriers to entry for all creators. Uploading it here for anyone to right-click save, as he would have wanted. RIP Virgil.

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Fred Ehrsam

@FEhrsam

3 years

NFTs are internet-native property rights

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Fred Ehrsam

@FEhrsam

6 years

It's trivial to fork a blockchain and copy all of its code and state. So the value of a chain isn’t data, it’s community and social consensus.

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Fred Ehrsam

@FEhrsam

3 years

Digital items had value in the past because a platform (a video game, Instagram, etc) gave them value. What if NFTs work the other way around? What if value accrues around digital items first and platforms are built out around them second?

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Fred Ehrsam

@FEhrsam

7 years

1/ Cryptocurrencies create strong tribalism. Once you own a currency, your incentives are to make that currency go up in value.

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Fred Ehrsam

@FEhrsam

6 years

Blockchain Governance: Programming Our Future

This post describes why blockchain governance design is one of the most important problems out there, its critical components, current…

medium.com

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Fred Ehrsam

@FEhrsam

3 years

A branch of the Federal Reserve calls DeFi a potential paradigm shift You can't make this stuff up

St. Louis Fed

@stlouisfed

3 years

Read new research to find out what decentralized finance is and how it may lead to a paradigm shift in the financial industry #DeFi

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Fred Ehrsam

@FEhrsam

4 years

Congrats on this. Seriously.

hayden.eth 🦄

@haydenzadams

4 years

🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄 Uniswap: $426M 🏦 Coinbase: $348M Hard to express with how crazy this is.

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Fred Ehrsam

@FEhrsam

1 year

How does crypto get to 1 billion users? One simple theory: Games with crypto-based money or items get popular. A few grow to tens or hundreds of millions of users. Getting a wallet is just part of the game.

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Fred Ehrsam

@FEhrsam

2 years

Thank god the euphoria is over

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Fred Ehrsam

@FEhrsam

6 years

“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” -F. Scott Fitzgerald, “The Crack-Up”, 1936

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Fred Ehrsam

@FEhrsam

3 years

Crypto has gone through many cycles. Be prepared:

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Fred Ehrsam

@FEhrsam

2 years

Crypto will produce more innovation in governance and economics than the “real world” for the foreseeable future. And within crypto, most of it will start in games.

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Fred Ehrsam

@FEhrsam

3 years

Metaverse fashion icon

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Fred Ehrsam

@FEhrsam

3 years

Good co-founders look out for each other

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Fred Ehrsam

@FEhrsam

3 years

Turns out the number of people interested in art/culture (basically everyone) is much larger than the number of people interested in digital money/finance

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Fred Ehrsam

@FEhrsam

3 years

And crypto is just getting started. We are ~1% into the most important technology of the coming decades. Crypto will redefine money and information, the two fundamental ways the world coordinates.

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Fred Ehrsam

@FEhrsam

6 years

1/ People seem to increasingly be comparing Bitcoin to religion. A rundown of the framework:

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Fred Ehrsam

@FEhrsam

3 years

Just getting started

Matt Huang

@matthuang

3 years

Crypto/Web3 is the most exciting frontier in technology Thrilled to announce @Paradigm 's new $2.5B fund

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Fred Ehrsam

@FEhrsam

2 years

Crypto wallets are on a path to become the container for everything in your digital life, which is increasingly just "your life". To bring billions more people into crypto, we need wallets like @phantom that are simple, powerful, and secure.

Phantom

@phantom

2 years

We are also excited to announce our $109M Series B led by @paradigm ! Thanks to the 2M+ MAU in our community, Phantom has an opportunity to become the mainstream, user-friendly gateway to Web3.

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Fred Ehrsam

@FEhrsam

4 years

Crypto is now the only platform that can host a global application

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Fred Ehrsam

@FEhrsam

3 years

Walked into a room tonight of 100 creators and entrepreneurs building in Web3. Inspiring. Unfathomable 3 years ago.

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Fred Ehrsam

@FEhrsam

3 years

Crypto frontier 2009-2017: Store of value 2018-2020: DeFi 2021: NFTs?

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Fred Ehrsam

@FEhrsam

11 months

Imagine if this was a headline from the US government 🥲

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Fred Ehrsam

@FEhrsam

3 years

Crypto users unaffected

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Fred Ehrsam

@FEhrsam

7 years

Scaling Ethereum to Billions of Users

Tokens are selling at valuations which imply they’ll have millions of users. But can the blockchain support it? If not, how far away are…

medium.com

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Fred Ehrsam

@FEhrsam

3 years

Game where fractional owners of an NFT can compete, winner gets the whole.

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Fred Ehrsam

@FEhrsam

1 year

Seems a bit odd for a regulator to choose # of enforcement actions as their primary metric?

Gary Gensler

@GaryGensler

1 year

Serving at the @SECGov for two years has been an honor. We’ve filed 1,500 enforcement actions & overseen tens of thousands of registrants. We’ve proposed rules to make our markets more efficient, competitive, transparent, resilient—and worthy of the public’s trust. More 🎥👇

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Fred Ehrsam

@FEhrsam

3 years

The World Is Yours

Nasir Jones

@Nas

3 years

Long crypto forever.... in sickness & in health

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Fred Ehrsam

@FEhrsam

2 years

What will be a breakthrough Web3 app that people won’t expect?

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Fred Ehrsam

@FEhrsam

6 years

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Fred Ehrsam

@FEhrsam

3 years

Pseudonymity online allows anyone to be judged solely on merits. Crypto, as with many things, is a window into this future.

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Fred Ehrsam

@FEhrsam

2 years

Abridged internet breakthroughs timeline, for perspective: 1969: ARPANET 1982: TCP/IP 1993: HTML 1990-1994: Web browsers 1994-1998: Search engines 1999: SaaS 2003-2004: Social media 1999-2007: Mobile 2009-present: Crypto We're 28-53 years in, depending on your start date.

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Fred Ehrsam

@FEhrsam

2 years

Since anyone can own a piece of crypto infrastructure, people are paying attention much earlier in its development than prior infrastructure-level technologies. This is a double-edged sword, and we're seeing the pros and cons of this dynamic play out in real time.

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Fred Ehrsam

@FEhrsam

3 years

I feel honored to be a small part of this journey which will transform society for the better. I salute all the crypto builders exploring this fertile and critically important frontier. And I look forward to seeing what we all create together.

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Fred Ehrsam

@FEhrsam

3 years

16% of Americans have used crypto. The people are voting with their feet.

16% of Americans say they have ever invested in, traded or used cryptocurrency

The vast majority of U.S. adults have heard at least a little about cryptocurrencies like Bitcoin or Ether.

www.pewresearch.org

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Fred Ehrsam

@FEhrsam

2 years

One thing that really bothered me as a young founder: at some point I was told it was impolite to give “seasoned executives” brainteasers in interviews.

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Fred Ehrsam

@FEhrsam

3 years

Blockchains *are* The Metaverse.

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Fred Ehrsam

@FEhrsam

3 years

NFTs fundamentally rearchitect internet applications.

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Fred Ehrsam

@FEhrsam

3 years

Digital assets require less energy than physical assets.

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Fred Ehrsam

@FEhrsam

4 years

Early experiments in people selling equity in themselves are happening on Ethereum. Nascent today, especially from a legal/regulatory POV, but a glimpse into the future.

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Fred Ehrsam

@FEhrsam

3 years

Tomorrow morning for the @coinbase public listing, @pmarca will interview myself, CEO/co-founder @brian_armstrong , and President/COO @emiliemc on a YouTube livestream. What should @pmarca ask?

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Fred Ehrsam

@FEhrsam

3 years

Over time, crypto grew, and so did the company. A simple #Bitcoin wallet evolved into individual and institutional products to support a blossoming cryptoeconomy. 2 nerds who met on the internet (yes, @brian_armstrong and I met on @reddit ) turned into a company of 1000+.

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Fred Ehrsam

@FEhrsam

3 years

All media will become cryptofunded.

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Fred Ehrsam

@FEhrsam

2 years

Only 50% of Americans own stocks. Almost 100% will own crypto assets by just using the internet.

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Fred Ehrsam

@FEhrsam

6 years

Blockchain-based Machine Learning Marketplaces

Machine learning models trained on data from blockchain-based marketplaces have the potential to create the world’s most powerful…

medium.com

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Fred Ehrsam

@FEhrsam

6 months

Building a trusted brand requires not cutting corners and a steady hand over 10+ years

Brian Armstrong

@brian_armstrong

6 months

Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust

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Fred Ehrsam

@FEhrsam

7 years

1/ Blockchains are the substrate for AI life

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Fred Ehrsam

@FEhrsam

3 years

Have invested in a few groups working on new cities, and they are now all strongly considering or explicitly planning a crypto component.

vitalik.eth

@VitalikButerin

3 years

Crypto cities!

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Fred Ehrsam

@FEhrsam

2 years

Crypto media's magic moment will not be when a top existing artist adopts it, but when a new artist uses it to break through in a way that wasn't previously possible

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Fred Ehrsam

@FEhrsam

3 years

Announcing our investment in @ourZORA

Zora

We increasingly live in digital worlds. The metaverse requires an open standard for ownership of its digital items. NFTs are that standard: digitally-native property rights for a digital world.

fred.mirror.xyz

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Fred Ehrsam

@FEhrsam

3 years

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Fred Ehrsam

@FEhrsam

3 years

The Internet is the fastest growing frontier, and Web3 is the fastest growing frontier of the Internet

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Fred Ehrsam

@FEhrsam

3 years

More obvious today than ever that NFTs will mainstream crypto. All of these consumer brands spinning up a "metaverse division" will realize metaverse == Web3 and bring their billions of consumers to crypto in the process.

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Fred Ehrsam

@FEhrsam

4 years

The golden age of DAOs is on the horizon. Previously just a cool concept, they now solve a burning need, as protocols with clear product/market fit become community owned.

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Fred Ehrsam

@FEhrsam

3 years

Accepting that NFTs can be intrinsically valuable, independent of a cashflow stream, radically opens the product design space.

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Fred Ehrsam

@FEhrsam

29 days

@GaryGensler @SECGov Making number of enforcement actions the Commission's primary success metric is bizarre and has high potential for perverse incentives.

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Fred Ehrsam

@FEhrsam

22 days

I think this is true to a degree which few realize. Everyone needs to feel a sense of purpose through their own perception of their hero’s journey, and issues/conflicts will be manufactured to fill that vacuum if they don't otherwise exist.

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Fred Ehrsam

@FEhrsam

2 years

There is a strong tendency towards skeuomorphic ideas at the beginning of any new technology. Humans reason by analogy and we only know what we have seen in the past. This leads to horse drawn cars, film for recording plays, telephones for relaying morse code, etc.

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Fred Ehrsam

@FEhrsam

3 years

The future becomes the present, the present becomes the past. In this sense, it is risky to not work on the future.

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Fred Ehrsam

@FEhrsam

4 years

Crypto keys will become the universal login

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Fred Ehrsam

@FEhrsam

3 years

The original 💎🙌

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Fred Ehrsam

@FEhrsam

3 years

Yet crypto kept building. @ethereum came on the scene and showed that crypto native applications were possible, opening up a whole new world of possibilities.

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Fred Ehrsam

@FEhrsam

2 months

Walked past a fire station in NYC this morning - fireman talking, one says “we’re a society in decline”. Ask him about it (and get a tour of the station in the process) - they’re all dismayed about this cop that got shot in NYC last week in a routine traffic stop, killer had 20

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Fred Ehrsam

@FEhrsam

1 year

A simple question to ChatGPT vs Google. ChatGPT delivers a precise and concise answer. Google can do neither.

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Fred Ehrsam

@FEhrsam

7 years

Funding the Evolution of Blockchains:

Funding the Evolution of Blockchains

Blockchains are digital organisms. As organisms evolve through changes in their DNA, blockchain protocols evolve through changes in their…

medium.com

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Fred Ehrsam

@FEhrsam

2 years

Virgil saw Web3, in his own words, as an opportunity to “inch us a little closer toward a utopia for creativity.”

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Fred Ehrsam

@FEhrsam

6 months

You Can’t Regulate What You Don’t Understand: A great post from @AlexanderGrieve on why crypto policymaking and regulation is structurally challenged because most government (SEC included) employees can't own it, plus some ideas on how to fix it.

You Can’t Regulate What You Don’t Understand (2.0) | Paradigm Policy

Paradigm Policy

policy.paradigm.xyz

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