Ethereum Co-founder on ICOs and the Future of Investing

Featuring Charles Hoskinson

Charles Hoskinson, the entrepreneur and mathematician who co-founded ethereum, takes a close look at initial coin offerings, their potential and the attendant risks. Charles also peels back the curtain on creating ethereum, which has risen above $40 billion in market capitalization. Filmed November 29th, 2017 in New York.

Published on
11 December, 2017
Sentiment, Crypto-currencies, Technology
32 minutes
Asset class


  • EL

    Eugene L.

    16 2 2018 00:06

    0       0

    I subscribed to RV because I saw this conversation on youtube

  • JS

    John S.

    27 1 2018 03:32

    0       0

    I request Roger Ver to talk about bitcoin cash.

  • EC

    Edward C.

    23 12 2017 14:14

    0       0

    Regardless of ones's views, extremely insightful. Most enjoyable.

  • SS

    Sam S.

    16 12 2017 12:31

    1       2

    Additionally, Bitcoin transaction fees are that of a foreign exchange broker, which buying something with bitcoins is time consuming and very expensive in fees. Those fees and product or service costs are transacted in USD. Cash fees at bank or ATM are far less expensive. Blockchain has amazing characteristics such as "chain of title" for real estate transactions. Won't need to pay title insurance fees on the same property, over and over especially when flippers do deals on same property in same year. So, lots of great uses for blockchain that eliminate repetitive costs and false inflation not related to productivity and value added. My take is the vertical price moment today is everyone trying to get in the action and profit in dollar terms, NOT because they believe so heavily in the cryptocurrency world.

  • TH

    Timo H.

    14 12 2017 11:35

    1       4

    The "2030 vision" may be reality much earlier. The "bad news" is that it does not require cryptocurrencies. A simple interface to existing banking systems is enough to take care of the settlement phase of the value-bearing transactions.

  • CD

    Cesar D.

    14 12 2017 05:14

    1       0

    Wow, very well articulated and insightful. Few people appear to be as well rounded and knowledgable.

  • SS

    Sam S.

    13 12 2017 20:18

    3       2

    Bitcoin, Ethereum and others are really just "collectibles" like Gold, Silver, Art, etc. All of these translate into US Dollars at the moment of purchase and point of sale, profit or no profit. The price of at any given moment in time is the price less the costs to transact. Only matters if you're a buyer or a seller. When holding these collectibles they are what they are. Maybe the real business is being involved in the transaction process for all these future use ideas. My two bits worth. Happy Holidays everyone!

  • AH

    Amer H.

    13 12 2017 20:01

    0       0

    thank you again!! Always impressive speakers!

  • FM

    Fraser M.

    13 12 2017 07:37

    4       2

    Almost more impressive than the presentation is the 17 people who gave this a thumbs down.

  • BB

    Brian B.

    13 12 2017 04:25

    5       0

    Been following crypto for the last 2 years and this is certainly one of the best discussions i have heard on Ethereum and the ICO market. Great stuff RV!

  • PN

    Paul N.

    12 12 2017 22:50

    7       0

    I'm not sure how many of you guys get this but Charles quit Ethereum ages ago in protest. He was against the DAO bailout and ended up supporting Ethereum Classic. Just recently he has spoken out against the proposed Parity Hack bailout in the following tweet:
    "Hey look another Ethereum improvement (bailout) to help adoption (prevent lawsuits) and grow the ecosystem (save Gavin)"

    Any price move of Ethereum has little to do with Charles.

  • DM

    Daniel M.

    12 12 2017 17:34

    1       0

    Good stuff RV!

  • BD

    Bruce D.

    12 12 2017 13:36

    2       0

    Fabulous explanation! I can finally begin to wrap my brain around it's power.....thank you.

  • CJ

    Craig J.

    12 12 2017 13:12

    6       0

    Seen this pattern a few times... Almost 2 days since RV published this video and ETH is breaking higher. There's definitely a whale here in the RV audience!

  • AA

    Ali A.

    12 12 2017 12:44

    6       1

    One of the best, most lucid visions of the future I've seen. Great speaker, very articulate...

  • MB

    Matthias B.

    12 12 2017 09:54

    0       0

    this may help to gauge which ones may be the winners? tks!

  • MB

    Matthias B.

    12 12 2017 09:52

    0       0

    i did the mistake to read the comments first, thought it was v. educational for a non crypto person; would it be possible to have someone explaining the differences among the various ones, this may he

  • SD

    Stephen D.

    12 12 2017 05:12

    7       0

    Charles is a very smart guy and is obviously highly educated. However, when he talks about being in Ukraine, Greece, Switzeland and the UK ( 2 minutes from the end) but not 'caring' about currency because he has a card that translates it all to dollars; I was thinking 'has he seen the fx rates he's getting?' Those bank and credit card fx rates would make a pirate blush. But maybe that's exactly why we need universal crypto currency.

  • CS

    C S.

    12 12 2017 02:39

    6       10

    Am I the only person here that isnt the slightest bit interested in cryptos? If you wanted to have a flutter in BTC you shouldve done it at least than $10, or around $200. I think you need your head examined if you want to chase this space now. Just my 2c. Cheers.

  • EB

    Eric B.

    11 12 2017 23:48

    7       1

    Sounds down right utopian, I hope his view is right. But I have a hard time believing that once ownership is expressed in tokens instead of shares all of a sudden human behavior is going to change that drastically.

    If crypto takes over completely will people really stop trying to take advantage of each other financially?

  • SP

    Steve P.

    11 12 2017 23:35

    4       1

    Great background to the crypto world BUT also a wonderful insight into why I don't think we will see a globally accepted crypto currency in the immediate future. There will be far too many vested interests erecting barriers to crypto acceptance as an international median of exchange. With no intermediation or central control, while that can be one of crypto's main attractions, other considerations tend to overshadow that. Fraud and taxation become central issues. The tax issue alone means governments generally won't accept it in its' current form. How crypto becomes a generally accepted and viable median of exchange is still an immense challenge that precedes most of the touted pros of the crypto idea.
    The idea of 'tokenising' commodities, foreign aid, etc etc is basically just substituting for the $US's current role. The dollars role will not disappear anytime soon.
    Crypto currency is a great initial phrase concept but is obviously in for a long gestation period. People basically shy away from radical change so we are maybe witnessing generations of edge tinkering to get to an acceptable form of currency that is accepted globally by both governments and their constituents

  • GO

    Greg O.

    11 12 2017 23:02

    19       13

    Great presentation that is full of BS. Don't get me wrong, I loved that video as it finally showed why some people out are so excited about cryptos and such, that are willing to drive it to insane levels. Must be a real pleaser to the crypto crowd. From someone that worked so much in this field I would expect nothing else but excitement and great far reaching vision, that's the way these ought to be. The problem that I see however, is that if you start with the wrong assumptions in the first place, the entire argument you make later is null and void. I could make a contra argument to everyone he made, but I would base mine on facts, not wishful thinking.

    Some key issues, In no particular order:
    1. Cryptos as best invention in 500-1000 years? really? not medical, physics or dozen other fields?

    2. Why don't you start by evaluating why would anyone truly need bitcoins and such. Even illegal trade can be made with current forms of established payment systems with little effort. What EVERYDAY REAL LIFE problems does crypto solve that you can't easily solve with currently available ways?

    3. When he talks about implementing "contracts" into the crypto, how is that superior to the standard contracts we have now? Depending on which end one is, one side worries about getting paid while the other about receiving exactly what was promised?

    4. Touching on bitcoin, the moment you find out that there is a way for a fork split, you should know that there could be infinite number of coins so it is worthless.

    5. The technology is great but by itself has no value, just like the internet. Anyone can come up with idea of another coin, just like you can come up with internet store name etc. You have to provide some useful service be it internet infrastructure or computation power for the ledgers...

    6. The sovereign governments/CBs issue and control the only "legal tender" on their territory for a reason. They accept (through legal exchange mechanisms) legal tenders of other sovereigns for many reasons. But they will not hesitate for a second to ban the cryptos if they want to if they see the dangers or inconveniences at any moment.

    7. The moment the tax base would start eroding due to crypto, rest assured they will be outlawed.

    8. Prohibition (guns, drugs, alcohol) doesn't stop anything but it is a failed argument. These products were arguably solving someone's problems. ICO's, bitcoin etc don't solve anything that can not be solved by other currently available means.

    9. ICOs to solve resource problems of local governments... Are you kidding me? Someone slept through politics and economics classes.... The solution to this problem has been out there for hundreds of years and it is called privatization and market economy. There is a reason why some governments don't privatize some aspects of their economy or local resources. It's because they are either awesome local income producer for the benefit of all (locals) OR so anyone currently in political power can reap benefits (trough briberies of course) and locals get nothing. If someone is not willing to privatize, why would they ICO local production, resources and such.

    10. In the end, it all comes down whether you are providing anything (product, service, your time) of value to the rest of the society so you "earn a living" be it that you are paid in USD, EUR, Gold, beer or whatever "currency" you like. What difference does bitcoin make here? If you earn in USD, why buying crypto currency like bitcoin, only to spend while other would exchange it back to USD... it makes no sense at all.

    Finally, it really seems that everyone is "trading" the same dot-com buble premise that internet will change the world and anything-internet must be of value. Guess what, internet did change a lot of things but by itself it has no value. And 99% of all you bet on are worthless, and those that are of value are not because they are but because they provide the service/products other want. Like coin-miners and such, that will provide computation power for any project or idea you may require, but the idea must serve others (or it is worthless) and will have to compete with any other idea/product/service currently in the market.

    My $0.02

  • RJ

    Russ J.

    11 12 2017 21:38

    13       3

    Great interview. Can we get more within the crypto space?

  • GS

    GRANT S.

    11 12 2017 21:06

    5       0

    Charles is one of the top guys in crypto that is why keeping an eye on him/IOHK and Cardano (ADA) is a good idea. IOHK is developing Cardano.

  • RA

    Robert A.

    11 12 2017 20:40

    13       0

    Wow! This “master class” is an example of why I’ve been with RV TV almost since inception. The ability to have Milton curate for me the best minds on the most current topics is almost invaluable. Through RV I’ve learned to ask Questions that never before occurred to me—leading to research and investigation that I never would have done. Learning through RV has been thoroughly enjoyable—and yes boys and girls...sometimes very profitable. RV has literally, gradually and over time, changed my life and my investment portfolio.

  • IO

    Igor O.

    11 12 2017 19:49

    3       0

    I am so ready for this kind of future.
    Now, big question is what platform for Universal Wallet going to be?
    Looking forward to see Charles on RV again.

  • rr

    rlw r.

    11 12 2017 18:11

    17       0

    Yep, Charles can easily be RV's best go to guy wrt Crypto. All the adjectives in other comments descibe him well. Hoping we see him regularily.

  • PD

    Paul D.

    11 12 2017 14:30

    6       0

    Fascinating discussion.

    I do wonder about the future of taxation if we were to move to the world Charles describes by 2030, and also one's monetary security in a world where quantum computing is a reality.

  • RM

    Richard M.

    11 12 2017 14:21

    21       1

    Wow, fascinating discussion. Charles seems like an incredibly brilliant guy and extremely well spoken (very clear presentation of his ideas in easy to understand language for the novice in the crypto world). Really enjoyed this educational experience. Great work RVTV.

  • MG

    Mohamed G.

    11 12 2017 12:50

    7       0

    Excellent discussion one of the most valuable of 2017 thank you for publishing.

  • PU

    Peter U.

    11 12 2017 10:54

    8       0

    huge implications on the survivability of fiat currency and the makeup of the current Central Bank/Big Money Center Bank hegemony

  • PU

    Peter U.

    11 12 2017 10:27

    29       0