Fred Ehrsam Quotes
To create an open protocol which helps coordinate resources towards a common goal, the resources need to be known at some level in the same way a lot of of data on the web needs to be public for it to be traversable and useful.
Ehrsam, Fred. "Value of the Token Model." Medium, 14 Aug. 2017.
This basic notion was actually quite radical in the sense that the reality at the time she wrote this article was that people had almost no control over the data about themselves including the fact that individuals in relatively few situations had a right to even see the data that was collected about them. They certainly had no power of ownership which would include the right to have it seen or stored anywhere or not. The largest offender at the time was not the government but the private companies—especially the so called credit agencies. They maintained, and at the time the law supported them is that they owned the data they collected about an individual and could do with it what they wanted regardless of the individual’s wishes.
Fred Ehrsam, born Frederick Ernest Ehrsam III, is an American business executive and investor who is the co-founder and managing partner of cryptocurrency investment firm Paradigm. He is also the co-founder of cryptocurrency exchange Coinbase.