Crypto Invest Summit Day 1 Recap: Steve Wozniak and Boost VC’s Adam Draper Are Bullish on Blockchain

Crypto Invest Summit rolled along Tuesday with a full day of keynotes and panels, live from the Los Angeles Convention Center. Click for coverage from the previous day’s Women of Crypto Track and the recap of Day 2 with Tim Draper.

Apple Co-Founder Steve Wozniak provided the highest profile keynote of the day. You can read a full recap of his fireside chat here.

Steve Wozniak on stage with Totle CEO David Bleznak @stevewoz @bleznak #CryptoInvestSummit pic.twitter.com/yf20Yyqp7B

— Blockchain Beach (@blockchainbeach) October 23, 2018

Earlier in the day, Boost VC’s Adam Draper explained why the current markets are ok #buylow:

Kicking off today at Crypto Invest Summit with @AdamDraper and @AlonGoren. Adam said he doesn’t get too caught up in the price movements of Bitcoin because it’s better to invest when it’s low #CryptoInvestSummit pic.twitter.com/GP1j8MAYSa

— Blockchain Beach (@blockchainbeach) October 23, 2018

Draper then made the following one and ten year predictions:

1 year prediction from @AdamDraper: there will be 3 apps on your phone’s home screen that use a token

10 year prediction: There will be more value in crypto currency than in fiat currency @BoostVC #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

Abra CEO Bill Barhydt shared survey data of his users to help the attendees understand what users are asking:

Abra CEO @billbarhydt has interviewed over 100 @AbraGlobal users. Trust, Seed Phrases, Confirmations, Index Funds, and Storage are the topics that users have the most questions & concerns about. #CryptoInvestSummit pic.twitter.com/A09eGlnRt6

— Blockchain Beach (@blockchainbeach) October 23, 2018

The next panel was a focus on Blockchain Adoption:

Mainstream Adoption of the Blockchain, What Will it Take? with Marc Weinstein @warcmeinstein @Wavemaker_VC Henesis, Randall Crowder @phunware, John Souza @KingslandTech, Shiv Madan @shivcoin @goblockparty, John Paukulis @paukulis, and Garrett Brawith @rootmont #CryptoInvestSummit pic.twitter.com/SruftBPD8R

— Blockchain Beach (@blockchainbeach) October 23, 2018

Part of it is simply solving a problem, not how it’s being solved:

"Fortune 100 companies know what their challenges and opportunities are. They don't care what the technology is, they care about it bringing value to their customers and how it affects their bottom line for their shareholders." – Randall Crowder @phunware #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

Free Crypto for everyone!

"I disagree with some of the panel that education is the answer. Most are inherently lazy and don't want to do work to understand. How do we get adoption?" – @WarcMeinstein

"Give people free Crypto and they'll learn how to use it." – John Paukulis @paukulis #CryptoInvestSummit pic.twitter.com/RH2uZQ8rqY

— Blockchain Beach (@blockchainbeach) October 23, 2018

The next panel discussed the advances in the EOS ecosystem:

The Emerging EOS App Ecosystem with Fred Kruger @dotkruger EOS Lynx, Ben Sigman @bensig @Getsquirrelio @sheos_org, Sam Kazemian @samkazemian @Everipedia, John Linden @johnwastaken, and Amy Wan @amyywan @beasagewise #CryptoInvestSummit pic.twitter.com/fyEpgv0ucH

— Blockchain Beach (@blockchainbeach) October 23, 2018

EOS may be the only platform that can handle full scale games right now:

One of the creators behind Call of Duty, @johnwastaken, would not feel comfortable putting a game on any other Blockchain than @EOS_io in the next nine months #CryptoInvestSummit pic.twitter.com/YCLxh5Tm5X

— Blockchain Beach (@blockchainbeach) October 23, 2018

Shoutout to Blockchain Beach from Everipedia’s Sam Kazemian:

“Silicon Valley is behind… Blockchain Beach is where it’s at!” – @samkazemian @Everipedia #CryptoInvestSummit #BlockchainBeach pic.twitter.com/4nbvbhh3v8

— Blockchain Beach (@blockchainbeach) October 23, 2018

Now is the time to BUIDL:

“@brockpierce told me he only starts projects during a bear market, so now is the time to get going. This is the best time.” – @samkazemian @Everipedia #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

Next, Sense CEO Crystal Rose spoke on Privacy & Self-Sovereignty:

Decentralization Makes Sense: How to Take Back your Privacy and Self-Sovereignty in a Digital World with @crystalrose @SenseToken pic.twitter.com/hQk0Fqnwe6

— Blockchain Beach (@blockchainbeach) October 23, 2018

It’s time to take back your power:

“We have the right to be our own hotel (Airbnb), our own Car Service (Uber), and now our own anything (Identity, Bank, etc)” – @crystalrose @SenseToken #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

Next up was a panel on investing:

Successful Crypto Investing with James Glasscock @ElephasVentures, @KavitaGupta19 @ConsenSys, Morgan Steckler @iTrustCapital00, Jay Blaskey @BitIRAOfficial, Chase Hero @WatcherChase, and Adam Struck Struck Capital #CryptoInvestSummit pic.twitter.com/rruAZ9Yn8o

— Blockchain Beach (@blockchainbeach) October 23, 2018

ConsenSys’s Kavita Gupta shared the changing nature of investment in this industry:

“We see a big market shift in March/April. Entrepreneurs wanted to do a pre-seed (~$1-3M) for equity rather than an ICO. Now they’re looking at Security Tokens” – @KavitaGupta19 @ConsenSys #CryptoInvestSummit pic.twitter.com/FeRtIhQEfK

— Blockchain Beach (@blockchainbeach) October 23, 2018

We love the style on iTrustCapital CEO Morgan Steckler:

Checkout the Bitcoin socks on @iTrustCapital00’s CEO Morgan Steckler #CryptoInvestSummit pic.twitter.com/lNE5xE0L6V

— Blockchain Beach (@blockchainbeach) October 23, 2018

The day closed with a panel on innovation:

Distributed Ledger Innovations with @emilyrbush, @justinwnewton, David Moss StrongBlock, @TyCody, @Steven_McKie @Amentum, and Dr. Jeff Flowers @jflowers1974 #CryptoInvestSummit pic.twitter.com/WgtFsht49E

— Blockchain Beach (@blockchainbeach) October 23, 2018

In order for the industry to move forward, Blockchains will need to be able to work together:

Most of the panel agrees that interoperability between Blockchains are the biggest step to mass adoption. In addition, @justinwnewton says there needs to be a killer app #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

They talked about the upcoming use cases that we will see in the world:

Question from @emilyrbush: what is the first use case after porn, gambling, and gaming?

Answers include remittances for the unbanked, paying foreign workers (saving $50M in fees), Supply Chain, and projects like map data in emerging markets. #CryptoInvestSummit

— Blockchain Beach (@blockchainbeach) October 23, 2018

We closed our day with our Co-Founder, Erin Pederson, being interviewed for CNBC’s Crypto Trader Show with Investor Emily Bush and Sense CEO Crystal Rose:

Some of #BlockchainBeach’s leaders taping for ⁦@cryptomanran⁩ and CNBC at #CryptoInvestSummit ⁦@emilyrbush⁩ ⁦@crystalrose⁩ ⁦@SenseToken⁩ @ErinPederson⁩ ⁦@blockchainbeach⁩ pic.twitter.com/0HJgCtvdoT

— Blockchain Beach (@blockchainbeach) October 23, 2018

Click to see our other Crypto Invest Summit coverage from the Women of Crypto track, the entire Steve Wozniak fireside chat, or our recap of Day 2 with Tim Draper.