A Quote by Roger Ver
Before Bitcoin, I was just waiting around for the Singularity.
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My main interest is the problem of the singularity. If we can't understand what happened at the singularity we came out of, then we don't seem to have any understanding of the laws of particle physics. I'd be very happy just to understand the last singularity and leave the other ones to future generations.
Waiting for the fish to bite or waiting for wind to fly a kite. Or waiting around for Friday night or waiting perhaps for their Uncle Jake or a pot to boil or a better break or a string of pearls or a pair of pants or a wig with curls or another chance. Everyone is just waiting.
How did we kill time before smartphones? I honestly can't recall. I have a vague recollection of flipping through magazines in waiting-room-type situations, but what did we do, say, in line at the post office? Waiting for a bus? Waiting for someone to meet us at a restaurant? I mean, did we just look around or something?
I am patiently waiting for the singularity.
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.
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.
I believe modern SF needs to at least be aware of the singularity, if only so that it can dismiss it intelligently (or work around it). But I suspect the singularity is like faster-than-light travel for the IT generation. We may hope for it, and the rules don't forbid it, but we don't know how to do it yet (and it may not be possible).
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.
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.
Bitcoin was created with security in mind. The Blockchain is Bitcoin's public ledger that records every transaction in the Bitcoin economy.
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.
You just can't bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.
There were incredibly complex societies already existing in North America long before Europeans arrived. So many people think that before European contact it was just Natives huddling around a fire, waiting for civilization to come save them. But that was not the case.
The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?
The bitcoin world is this new ecosystem where it doesn't cost that much to start a new bitcoin company, it doesn't cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world.
I have spent probably years of time waiting in studio lounges - waiting on a mix, waiting on my time to sing, waiting on, waiting on, waiting on. That's just the nature of life.
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