A Quote by Naval Ravikant
It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for.
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People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions.
The scripting language in Bitcoin is important because it is what makes Bitcoin 'programmable money'. Within each Bitcoin transaction is the ability to write a little program.
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.
I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. I intend to hold it until there's a day where I can just use Bitcoin completely.
Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.
When you think of customer research, chances are you think of surveys. Used alongside other strategies, they can be an important way to learn more about your customer's needs, wants and habits.
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.
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.
You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.
I think that what will help women get into positions of power - well, day nurseries, equal pay, family-friendly working hours. And I think all that's important. I used to think it was the solution. I now think it's enabling, and it's important, but still we have got head work to do about this.
I can't imagine deer hunting. I used to think I couldn't imagine deer hunting because killing a deer seemed so awful. But now I think about just sitting in a tree and doing nothing all day and probably not even seeing a deer. Not moving and sitting in a tree? That seems rough.
How can non-existence get sick of itself? Everytime you wake up, you appear again out of nowhere. And so does everything else. Death just means the replacement of the usual morning waking with something else, something quite impossible even to think about. We don't even have the instrument to do it, because our mind & our world are the same thing.
What Ottawa and Washington used to think about Turkey or Iran was not very important because we really didn't think much about either, but now what we think about them is extremely important - to ourselves and to many other peoples.
If you're betting all the time, everything is just another bet. You don't even think about the money after you've made the arrangements. You're used to it.
I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.
The paralysis that we have right now when we think about migration is partly because we can't imagine what the world would look like in the future. So I think it's important for writers and artists to try to imagine that.
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