A Quote by Fred Ehrsam
The Internet will continue to be valuable so long as it is the most efficient mechanism for transferring data. Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.
Related Quotes
Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
As long as I'm efficient, I'm just going to try to be the most efficient player I can be.
By putting the means of production into the hands of the masses but withholding from those same masses any ownership over the product of their work, Web 2.0 provides an incredibly efficient mechanism to harvest the economic value of the free labor provided by the very, very many and concentrate it into the hands of the very, very few.
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.
Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.
It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.
The water trading mechanism where there are transparent trades of water allocations is one that is good for us to learn from because it does allow for the marketplace to procure water for the highest and most efficient uses with the highest value in agriculture. And that might be a good model for us.
Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition will acquire more capital to increase their production still further; those who are least successful will be forced out of the field. So capitalist production tends constantly to be drawn into the hands of the most efficient.
Any mechanism that will ensure benefits to consumer, any mechanism that will ensure that we do not waste food grains, any mechanism that helps the poorest of the poor is a welcome step.
The exploration of space: Be it by humans or robots, based on the best choice for the mission and the most efficient means to return the data and science sought. Most of the time, this will mean we send robots due to cost and danger. But sometimes, we will need the irreplaceable judgment and descriptive abilities of a person on the spot.
The market is a mechanism for sorting the efficient from the inefficient, it is not a substitute for responsibility.
So long as the Constitution is not amended beyond recognition, so long as elections are held regularly and fairly and the ethos of secularism broadly prevails, so long as citizens can speak and write in the language of their choosing, so long as there is an integrated market and a moderately efficient civil service and army, and — lest I forget — so long as Hindi films are watched and their songs sung, India will survive
I feel I'm a strange mixture of insecurity and strength. Most of us, probably most people. I'm transferring that same concept to the people I photograph.
This is my long-run forecast in brief: The material conditions of life will continue to get better for most people, in most countries, most of the time, indefinitely. Within a century or two, all nations and most of humanity will be at or above today's Western living standards. I also speculate, however, that many people will continue to think and say that the conditions of life are getting worse.
Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value.
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