A Quote by Andrew Ross Sorkin
In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.
Related Quotes
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.
When I teach writing, I have a mantra: 'Be a first-rate version of yourself, and not a second-rate version of another writer.'
When I teach writing, I have a mantra: Be a first-rate version of yourself, and not a second-rate version of another writer.
Always be a first-rate version of yourself, instead of a second-rate version of somebody else.
Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.
There are so many voices on YouTube, and there are incredible creators that are popular for a reason. And although it's great to be inspired by them, nobody is going to subscribe to a second-rate version of them. It's really important to put your best foot forward and be your best self because you will always be the number one version of you.
If the best the roboticists can hope for is the creation of some crude, cheesy, second-rate, artificial consciousness, they still win.
If your senses are numbed with delusion and denial, you will stop looking for these true strengths and wind up living a second-rate version of someone's life rather than a worldclass version of your own
I knew I'd always be a second-rate academic, and I thought, 'Well, I'd rather be a second-rate novelist or even a third-rate one'.
My treasure chest is filled with gold.
Gold . . . gold . . . gold . . .
Vagabond's gold and drifter's gold . . .
Worthless, priceless, dreamer's gold . . .
Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . .
Poet's gold and artist's gold . . .
Gold that can not be bought or sold -
Gold.
I knew Id always be a second-rate academic, and I thought, Well, Id rather be a second-rate novelist or even a third-rate one.
Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0.
If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap.
But I think that sometimes, when one's behaved like a rather second-rate person, the way I did at breakfast, then in a kind of self-destructive shock one goes and does something really second-rate. Almost as if to prove it.
Isn't the purpose of bitcoin mining simply to get rich - or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol - and particularly in the industrial uses of bitcoin enabled by embedded mining.
I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.
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