Warren Buffett popularized the idea of an economic moat – the ability to maintain competitive advantages over competitors and build long-term defensibility.
Warren Buffett popularized the idea of an economic moat – the ability to maintain competitive advantages over competitors and build long-term defensibility.
Ethereum’s mission is to become a decentralized world computer that replaces server farms. Think of it as a single computer that the whole world can use. It can’t be shut down or turned off. As an overview, here’s a beginner’s guide to Ethereum and an explanation of how it technically works.
ICOs, we’re all aware of them at this point. An initial coin offering (ICO) is a “fundraising mechanism in which new projects sell their underlying crypto tokens.” As I’m writing this, ICOs have raised $1.2B and now surpass early stage VC funding.
“It might make sense just to get some Bitcoin in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.” — Satoshi Nakamoto in 2009
Today, developers are building the infrastructure for a decentralized web (also known as web 3 or the fifth protocol). Similar to the 1990’s, they’re building the same infrastructure across computing power, storage, and data.