Bitcoin’s Guardian Angel: Inside Coinbase Billionaire ...

Coinbase's Fred Ehrsam bitcoin talk at Google Zeitgeist 2014

Coinbase's Fred Ehrsam bitcoin talk at Google Zeitgeist 2014 submitted by MoreBitcoinTV to BitcoinTV [link] [comments]

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem submitted by kyletorpey to Bitcoin [link] [comments]

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem

Coinbase's Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem submitted by BTCNews to BTCNews [link] [comments]

An analysis of BTC fundamentals

Disclaimer: This post is not an endorsement to either buy or sell Bitcoins. I am simply attempting to outline the reasons why there is inherent value in Bitcoins, as well as the risks that come with investing in a crypto-currency. In full disclosure, I personally own and use them, but only a very small portion of my overall portfolio which I would be ok if BTC went to 0 tomorrow.
Purpose: I’ve been seeing a lot of doom and gloom (as well as irrational exuberance) in a lot of posts lately, and a lot of people saying this or that with no evidence or fundamentals to back up their claims. So I wanted to put my thoughts and experiences [more about me below] out there in the hopes that people actually serious about utilizing Bitcoins (BTC from here on) might find this information helpful, as well as to connect with and solicit thoughts from anybody else that’s done research on the future of BTC. Also mods: I searched through old posts and the FAQ but couldn’t really find anything like this, so let me know if there is a more appropriate place to post this. I can also add hyperlinked sources to this to make it a reference document if there is interest.
Summary/tl;dr: The fundamentals underlying the intrinsic value of Bitcoins haven’t changed. In fact, they continue to improve day-by-day, as merchant and user adoption increases. As long as this trend continues, and certain risk factors - see below - are minimized, BTC will eventually become widely accepted as a currency.
That being said, you should never “invest” more money than you are willing to completely lose, or money that you would otherwise need for living expenses. Otherwise, you are gambling. (I put “invest” in quotes because I believe BTC are currently far too speculative to be considered an “investment.” This may change in the future, but the technology is still so new, and there are so many unknowns, that it should not be considered anything more than a speculative investment at this point.)
This has happened before and it will happen again: This week hasn’t been good for those holding Bitcoins. In fact, if you invested in BTC anytime in the past year, I’d say it’s been a pretty shitty year, period. But the thing is, we’ve seen this type of thing in financial markets before, almost exactly to a t, and how they tend to play out. There have been various bubbles of all shapes and sizes throughout history, and the run-up in prices earlier this year, was no exception. However, unlike the critics, I believe BTCs are different, as there is significant intrinsic value in the BTC network and BTC as a value store - which I outline below.
I also think it’s useless to speculate about the direction of BTC in the short to medium-term (I would argue the price adjustment has been a good thing for the long-term), so to me the only meaningful way to analyze what’s going on is to examine the fundamentals (apologies if a lot of this is basic, but I wanted to cover all the key points as I saw them):

Value:

So I’ve briefly outlined above some pretty clear reasons why there is inherent value in BTC, and the reasons why I personally am optimistic about the long-term future and will continue to use them. That being said, I’ve also identified several primary risk factors that worry me as a long-term investor, ones that all holders of BTC should be aware of. Please, if you know or can think of any others, reply or PM me so I can add them to this list:

Risks:

I could go on, but those are the major value and risk factors I see. If you have anything to add, please feel free.
So, in the context of everything I said above, I’d like to talk about what happened this week in particular:
I believe this week’s price movement (as of me writing this, has been a 25% drop) is a result of several factors:
  1. News that US Dollar is very strong
  2. Capitulation: I don’t have the ability to do Technical Analysis on BTC right now, but just eyeing the 1-year chart, it looks like $400 was a key support point for the price of BTC. Once it broke through that, psychological barriers were broken and selling cascaded.
  3. Russia and China potentially banning BTC
And that’s it. That’s all I can find about Bitcoins in the news. The value fundamentals I listed have not changed one bit, and if anything, the rate of user adoption has increased as more people are learning what it is.
Which is why I’m excited about the future of BTC. It’s a product that I use and like, and see tremendous value for. This week’s sell-off just means I can buy more.
About me:
In a past life, I was an equity research analyst responsible for due diligence, fundamental/technical analysis, and making recommendations to the PM on which stocks a certain mutual fund should buy or sell. This meant reading through a lot of annual reports, financial statements, 10-K, 10-Q, shareholder calls, etc… My primary influences were Warren Buffett, Philip Fisher, and Ben Graham. If you recognize these names, you’ll probably guess that I was a value investor1 , and you’d be right. The fundamental premise behind value investing, for those that don’t know, is that you can find companies that are trading at a discount to their “true” intrinsic value, and thus can make money by buying the stock at a low price and selling when the market has realized the fair value of the company and the price has subsequently gone up. This is essentially how Warren Buffett built Berkshire Hathaway and became the world’s richest man (for a short period); his strategy has since greatly evolved, but this was the core philosophy he used for a long time.
1 Utilizing this strategy, our fund bought a significant stake in AAPL when the price per share was less than the amount of cash per share the company currently held (split adjusted something like ~$2 per share when we bought). It hasn’t all been a bed of roses, we’ve made some not-so-great investments, but that’s a story for a different time :)
Edit: Paragraphs within bullets? How do you do them?
submitted by owpunchinface to Bitcoin [link] [comments]

Fred Ehrsam from Coinbase commenting on Ethereum vs Bitcoin

https://www.reddit.com/ethereum/comments/4u4t73/im_fred_ehrsam_cofounder_of_coinbase_ama/
An AMA that he did on the Ethereum reddit. His comments regarding scalability and security are very interesting:
[–]FredEE[S] 19 points 13 hours ago
One major existential risk is what I described in my blog post a while back: It’s possible that it's better to keep the base transaction layer dumb for scaling reasons (i.e. Bitcoin) with advanced logic in higher layers. The reason so many amazing things are happening in Ethereum right now is it gives you the base transaction/store of value layer and the advanced scripting layer in one out of the box, so it's way easier to build dapps in Ethereum right now. But maybe those things are better separated long term.
Second would be that Ethereum has a serious security issue as it is (correctly so) in move fast and break things mode which is unrecoverable. I am OK with this risk though: don't put in more money than you are willing to lose, and whatever the issue is can likely be resolved, new version of the network spins up a month or two later.
Upvotes 75 > 72 > 71 > 68 in the last 2 minutes. I think the Etherum pumpers are not so happy with this post. Please up vote if you feel it's important as it really appears some group are hoping the post will go out of view
submitted by BillyHodson to Bitcoin [link] [comments]

Fred Ehrsam (Coinbase Co-Founder): "The Lightning Network will go live and will be wildly successful. All these fair criticisms are surmountable. Will be cool to see - a lot of theoretical Bitcoin/crypto work may never work in production - but I'm pretty convinced LN will."

Fred Ehrsam (Coinbase Co-Founder): submitted by eragmus to Bitcoin [link] [comments]

Coinbase’s Fred Ehrsam says bitcoin still seeks ‘killer app’

Coinbase’s Fred Ehrsam says bitcoin still seeks ‘killer app’ submitted by Apollo_Moonwalker to Bitcoin [link] [comments]

Coinbase co-founder Fred Ehrsam on Blockchain vs Bitcoin

Coinbase co-founder Fred Ehrsam on Blockchain vs Bitcoin submitted by bdarmstrong to btc [link] [comments]

Coinbase's Fred Ehrsam says you're thinking about Bitcoin all wrong

Coinbase's Fred Ehrsam says you're thinking about Bitcoin all wrong submitted by cryptocurrencylive to Bitcoin [link] [comments]

Videocast - Fred Ehrsam Explains How CoinBase Is A Complete Solution For Consumers And Merchants To Use Bitcoin

Videocast - Fred Ehrsam Explains How CoinBase Is A Complete Solution For Consumers And Merchants To Use Bitcoin submitted by bitcoinviews to Bitcoin [link] [comments]

Fred Ehrsam: "Investors Put Their Money Where Their Mouth Is By Betting on Bitcoin As a Technology Trend"

Fred Ehrsam: submitted by iconify12 to Bitcoin [link] [comments]

Im Betting Brian Armstrong & Fred Ehrsam didnt sleep well last night. Just a guess /r/Bitcoin

submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Fred Ehrsam, co-founder coinbase, on AI & blockchains .... deep stuff :D /r/Bitcoin

Fred Ehrsam, co-founder coinbase, on AI & blockchains .... deep stuff :D /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase co-founder Fred Ehrsam on why Bitcoin is rallying

Coinbase co-founder Fred Ehrsam on why Bitcoin is rallying submitted by finalhedge to Bitcoin [link] [comments]

01-05 19:33 - 'I think Fred Ehrsam and B Armstrong's plan is to get Vitalik's E. to reach 20k first globally before Bitcoin does. Check both their recent tweets.' (self.Bitcoin) by /u/tnap4 removed from /r/Bitcoin within 44-54min

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Am I nuts?
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I think Fred Ehrsam and B Armstrong's plan is to get Vitalik's E. to reach 20k first globally before Bitcoin does. Check both their recent tweets.
Go1dfish undelete link
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Author: tnap4
submitted by removalbot to removalbot [link] [comments]

I think Fred Ehrsam and B Armstrong's plan is to get Vitalik's E. to reach 20k first globally before Bitcoin does. Check both their recent tweets. /r/Bitcoin

I think Fred Ehrsam and B Armstrong's plan is to get Vitalik's E. to reach 20k first globally before Bitcoin does. Check both their recent tweets. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase Co-founder Fred Ehrsam break silence on Bitcoin, Ethereum and Litecoin future on platform!!

Coinbase Co-founder Fred Ehrsam break silence on Bitcoin, Ethereum and Litecoin future on platform!! submitted by justlurking420 to JordanShackelford [link] [comments]

Coinbase Co-Founder Fred Ehrsam on Two Key Roadblocks to Bitcoin's Mainstream Moment

Coinbase Co-Founder Fred Ehrsam on Two Key Roadblocks to Bitcoin's Mainstream Moment submitted by knight222 to btc [link] [comments]

Coinbase’s Fred Ehrsam says bitcoin still seeks ‘killer app’

Coinbase’s Fred Ehrsam says bitcoin still seeks ‘killer app’ submitted by CryptoJunky to CryptoCurrency [link] [comments]

Fred Ehrsam from Coinbase commenting on Ethereum vs Bitcoin /r/Bitcoin

Fred Ehrsam from Coinbase commenting on Ethereum vs Bitcoin /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Fred Ehrsam (Coinbase Co-Founder): "The Lightning Network will go live and will be wildly successful. All these fair criticisms are surmountable. Will be cool to see - a lot of theoretical Bitcoin/crypto work may never work in production - but I'm pretty convinced LN will."

Fred Ehrsam (Coinbase Co-Founder): submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase Co founder Fred Ehrsam break silence on Bitcoin ... Fred Ehrsam founder of Coinbase talks Bitcoin Coinbase Co-founder Fred Ehrsam break silence on Bitcoin, Ethereum and Litecoin future on platform!! Coinbase Co-founder Fred Ehrsam break silence on Bitcoin ... Coinbase's Ehrsam on Bitcoin and the Future of Blockchain

Fred Ehrsam on Bitcoin Co-Founder of Coinbase [B]itcoin as a payment system is just one of the potential applications of the network. To cap Bitcoin ’s value here would be like saying that the Internet, in the early days, was only as valuable as its ability to send email in a more efficient way than fax or snail mail. Fred Ehrsam is the co-founder of crypto exchange Coinbase and the co-founder of blockchain-focused venture capital firm Paradigm. Ehrsam started his professional career as a trader for Goldman Sachs. View Fred Ehrsam’s profile on LinkedIn, the world's largest professional community. Fred has 4 jobs listed on their profile. See the complete profile on LinkedIn and discover Fred’s ... Fred Ehrsam is the co-founder of Coinbase. Previously, Ehrsam worked as a trader in the Securities Division at Goldman Sachs, and in Portfolio Analytics at BlackRock. He holds a degree in Computer Science from Duke University. Recognition. In 2014, Ehrsam was named one of TIME’s 30 People Under 30 Changing the World. Fred Ehrsam, a Goldman Sachs alum, joined the venture and gave Coinbase credibility with the banks that would be wiring money to it. ... When bitcoin collapses, as it did in 2018, trading volume ...

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Coinbase Co founder Fred Ehrsam break silence on Bitcoin ...

So as i told you in the video, i tried to contact one of the Ethereum Developers and it seems that Gavin Wood can make some time free for us to get an interview! But i need your questions for him ... #bitcoin #ethereum #cryptocurrency #blockchain #crypto ... Tokens, Why & How - Fred Ehrsam - Duration: 22:23. Decypher Media 10,978 views. 22:23. Robert Kiyosaki: Market Crash is COMING!! Fred Ehrsam founder of Coinbase talks about the potential of Bitcoin. Bitcoin is the currency of the future. No Banks taking a cut. Educate yourselves and don't let the banks deceive you. If you would like to support this chann... Coinbase Complaints Have Increased 4,700% (So Far) in 2017 https://www.cryptocoinsnews.com/coinbase-complaints-have-increased-4700-so-far-in-2017/ Bitconnect...

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