A Quote by Alex Biryukov
It's hard to predict the future, but some people think that Bitcoin could do to finance what the Internet did to communications.
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Our view is that consumer finance - what people think of as retail finance - that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.
In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.
People are mostly focused on defending the computers on the Internet, and there's been surprisingly little attention to defending the Internet itself as a communications medium. And I think we probably do need to pay some more attention to that, because it's actually kind of fragile.
I think Iran is the kind of place where it's difficult to predict what's going to trigger structural change. It's hard to also predict the role that civil disobedience or mass protests could play.
The Internet of Money, bitcoin, is releasing 50 yrs. of pent up innovation in finance, because it offers innovation without permission.
The Internet's proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
I think it's going to end up a lot like the Internet. Some countries try to regulate the Internet - bitcoin will be very much like that. It will be legal, and there will be some countries with currency control.
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
I don't think there is such a thing as as a real prophet. You can never predict the future. We know why now, of course; chaos theory, which I got very interested in, shows you can never predict the future.
When the Internet first launched, you had all these newspapers saying that the Internet was only used by bad people, to do bad things and what was the point of it. But the Internet changed everything, just like Bitcoin will.
You don't need to predict the future. Just choose a future -- a good future, a useful future -- and make the kind of prediction that will alter human emotions and reactions in such a way that the future you predicted will be brought about. Better to make a good future than predict a bad one.
Because the supply of Bitcoin is limited, the price of Bitcoin is going to have to increase and increase very substantially over time. My advice is that if you're interested in Bitcoin and excited by Bitcoin, then buy some Bitcoin and hold onto them, and you're likely to do very well over time.
Facebook is like the Internet: a large company and an application. Bitcoin is a protocol for decentralisation, so you could build a decentralised company on top of it, a stock market. It's an Internet of ownership, so it's not quite a direct comparison.
I trained as hard as I could, I ran as much as I could, I sparred hard, I did everything right. I did everything I could possibly do at the age when I could fight. You have to be realistic; you can't say, 'Oh, I am smarter now, older and I can punch harder.' You think you can, but you can't.
The more you observe life in relation to yourself the more you will see the fact that you are hardly ever correct when you think about something in the future. The future exists only in imagination; and that is why, no matter how hard you try to imagine it, you will not be able to predict the future with total certainty.
I think examples of free market transactions between peaceful people using Bitcoin and the Internet, I think it's a wonderful thing. It's going to make the world a better place.
