David Rosenthal: commitment

Transcript context

…So much to say about Ethereum here, about DeFi, about a lot of the more modern takes using the Blockchain—we’re using cryptocurrency outside the scope of this episode, but obviously those things are interesting. We will definitely talk about those in the future. But in 2017, people realize, man, this is a money machine. In May—folks may know, folks may use a real company, real project—the Brave web browser, which is a privacy-by-default, non-tracking web browser. They launch instead of raising venture capital in a normal route. They do this thing that they call an initial coin offering, which is the same thing Ethereum did. Anytime you're starting a new Blockchain-based project, you have a launch just like Satoshi mined the first 50 bitcoins to bootstrap up the Bitcoin network. Brave sells the initial tokens. They marketed it, they have a white paper and all this stuff, and people go nuts. They raise $35 million from this ICO in 30 seconds. In fully non-dilutive capital?…

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