FastSaying
Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the same incentives to use the new fork as the historical one.
Fred Ehrsam
Act
Balancing
Cases
Constant
Fork
Forks
Historical
Incentives
Keep
Most
New
Ownership
Same
Use
Users
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Related Quotes
Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.
— Fred Ehrsam
Bitcoin
Efficient
Long
Forks often arise from differences of opinion in the direction of a project. And tokens are increasingly a mechanism for voting on changes to their protocols. Since the point of a fork is to try a new path, the new fork may not want to port all of the prior holders opposed to trying the new path the fork was created to take.
— Fred Ehrsam
Arise
Changes
Created
The Internet will continue to be valuable so long as it is the most efficient mechanism for transferring data. Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.
— Fred Ehrsam
Bitcoin
Continue
Data
Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.
— Fred Ehrsam
Bitcoin
Brings
Brought
Ethereum may make monetary policy decisions like, 'Let's do 1% inflation to support the ongoing development of the Ethereum protocol.' A token built on Ethereum might want to do the same.
— Fred Ehrsam
Built
Decisions
Development