Chris Burniske on The Ethics of Investing in Tokens
Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.
Interview location: New York
Interview date: Monday 25th March, 2019
One of the most interesting debates in the cryptocurrency industry is whether there is a valid use for a blockchain outside of Bitcoin and whether there is a market for a broad range of crypto assets. Despite the many scams, there are projects with honest intentions of building new business models and economies.
Are the maximalists right? Should all focus and attention be on Bitcoin, or in a free market should we embrace entrepreneurs who wish to innovate? It is indeed a topic which splits people.
While I sympathise with the views of maximalists who time and time again have seen projects come and go, attempting to use blockchain like some magical component for a new industry. I also maintain a healthy curiosity.
Will any of these projects exist with meaningful use in ten years? Will Bitcoin be the only successful use of a blockchain? I struggle to find a binary answer, but I do not support the berating of anyone open to new ideas.
In this interview I discuss these issues with Chris Burniske, the author of Cryptoassets - An Innovate Investors Guide to Bitcoin and Beyond. Chris is a Bitcoiner, but he is also an investor in, and his view is that we are at the start of a new industry for programmable money and crypto assets. We discuss why Chris is bullish on Bitcoin, why he believes in a market for tokens, the ethics of value extraction and dealing with the pressure of maximalists.
SUPPORT THE SHOW
If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
And a big thank you to Vidyen.com.
Connect with Chris:
Mentioned in the interview:
Other relevant WBD podcasts:
A big thanks to my WBD Maximalist Patrons for helping support the show: JP Petit, Logan Shultz, Steve Foster, Tony, Gordon Gould, David Burlington, Jesse Powell, Beam, Wiel Menger, Robert Romney, Jason DiLuzio and Yan Pritzker.