“It makes me laugh when Wall Street says ‘blockchain, not Bitcoin’ because Silicon Valley says exactly the same thing in slightly different language.” — Lily Liu
Interview location: Skype
Interview date: Thursday 7th Feb, 2019
Protocols, protocols, protocols; so many smart contract protocols, but why? If you look at the history of Ethereum, and the returns generated for investors, you can see why Silicon Valley has been pumping money into decentralising everything.
Ethereum grew over 13,000% in 2017, to over $1400, delivering a massive return to any early investor who managed to exit. These types of performances are rare in venture funding but have turned the heads of funds.
The problem with decentralising everything is the lack of value creation, and DApps are struggling to find significant users. Investors now hold illiquid tokens in many projects which might fail.
In this interview, I talk with Lily Liu, the founder of Earn.com and find out about how Silicon Valley operates and what investors don’t understand about crypto. We also discuss Bitcoin Rationalism, a term coined by Lily and what it means to her.
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