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Marek Olszewski

👤 Speaker
481 total appearances

Appearances Over Time

Podcast Appearances

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

I think you're going to need to use incentives.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Incentives have primarily been the mechanism that companies have used to onboard folks.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

But when you offer incentives in a Web3 world, you know, your ability for people to game you is just so much higher.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

It's just really, really hard.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so we need really good civil protection.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And it's ironic that, you know, Bitcoin obviously started with kind of a civil resistance mechanism and proof of stake was another really good one.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

But that only works for people with basically money, either to run a, you know, mining those or to stake capital that they have.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

If you want to onboard everyone, you need to be able to have a civil resistant mechanism that works for everyone.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And, you know, I think you can argue that world has an interesting design for, for say, onboarding the whole world.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so when we thought about self, we wanted to do something that I think is

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

was equally compelling, but maybe it took a slightly different approach.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And maybe that addressed some of the shortcomings of the hardware-based approach.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

At the end of the day, to onboard everyone in the world, the world needs to get people in front of physical hardware.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And that means they have to travel.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

That means that you have to... There's just a lot of friction.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

There's a whole supply chain problem.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so instead, what we wanted to do is we wanted to piggyback on the most trusted...

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

attestation of humanhood that people have today.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And that right now is your biometric ID, either your biometric passport or many countries now are issuing biometric national IDs.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And these tend to be just, you know, in the meat space, the best attestation of your uniqueness, of your humanity.