Olaf Carlson-Wee: Crypto Is the Great Wealth-Redistribution Machine

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Olaf Carlson-Wee: Crypto Is the Great Wealth-Redistribution Machine
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'Crypto is...a shift in a belief system about what’s legitimate,' polychaincap's Olaf Carlson-Wee said in an interview with DanielGKuhn. Consensus2023

Olaf Carlson Wee is the prototypical “crypto bro.” He got in early, got rich and now spends his time investing and making art. He wears colorful, flamboyant clothes, has bleached his hair and has an electronic music studio in his home. In 2017, around the time of the initial coin offering craze, Carlson-Wee made a name as a public figure as one of Coinbase’s earliest hires and expert voice.

I do not think it is possible to stop. The genie's out of the bottle. It's open-source, permissionless – anybody can sort of opt into this and start using it or start building their own version. Once you launch these things into the world that have those properties, I really do not think it is possible to stop them. You can slow them down in specific regions but the world is quite competitive.

Crypto has, you know, over a trillion dollars of value. You can measure it in different ways, but let's call it 50 million different holders. So as a wealth preservation product, there's arguably substantial product market fit at this point. And, you know, I am a believer in these secure blockchain systems for different useful types of applications – for computation and diverse applications.

So, to be clear, for me personally I'm not that interested in life extension. I’m not that interested if we can get everybody to live to 120 instead of 90. I'm much more interested in, I hate this term but, improving “quality of life.” One of the core insights from the early transhumanist thinkers is whether we are genuinely orders of magnitude happier than our ancestors.

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