Consensys CEO Says Crypto Hack Attacks Will Continue

The video discusses the resilience of blockchain technology against cyber attacks, emphasizing that while attacks on financial and identity systems occur, they do not pose existential threats to the global economy or the blockchain ecosystem. The ecosystem is maturing and learning from these attacks to build better systems. Additionally, the video covers investment strategies in blockchain startups, focusing on decentralizing technologies and supporting projects that complement the existing ecosystem.

What is the main reason the Internet and blockchain systems have not been undermined by cyber attacks?

• They are immune to cyber attacks.

• They are protected by strong cryptography.

• They are constantly evolving and improving.

• They are not connected to financial systems.

What was the initial investment strategy of the company with the $50 million fund?

• Investing in traditional financial systems.

• Investing in external startups.

• Buying existing blockchain companies.

• Focusing on internal projects.

How did the company's investment strategy change as the ecosystem grew?

• They stopped investing altogether.

• They focused on traditional investments.

• They began supporting external projects.

• They only invested in their own projects.

What types of projects is the company interested in supporting?

• Projects unrelated to blockchain.

• Projects focused on centralized systems.

• Projects that are not complementary to their ecosystem.

• Projects involving decentralized technologies.

Why does the company want a front-row seat in the best projects?

• To support projects that align with their ecosystem.

• To ensure they can influence project direction.

• To avoid competition in the market.

• To control the projects completely.