A Quote by Tyler Winklevoss
Every investor around the world wants to invest in U.S. markets because they're regulated and they're licensed. They're trustworthy; they have confidence. If you take that away, the global economy will take a hit like nothing else. We want to create that for Bitcoin.
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Within my social circle, there is a large group of people who will take bitcoin as legal tender; like, you can go to them and settle debts in Bitcoin, and they will happily take it.
As people want to move money around the world, they're going to be moving in and out of bitcoin quickly, but they're still going to own it for some period of time... and the size of that working capital requirement will grow as the global economy grows.
When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
Take away material prosperity; take away emotional highs; take away miracles and healing; take away fellowship with other believers; take away church; take away all opportunity for service; take away assurance of salvation; take away the peace and joy of the Holy Spirit... Yes! Take it all, all, far, far away. And what is left? Tragically, for many believers there would be nothing left. For does our faith really go that deep? Or do we, in the final analysis, have a cross-less Christianity?
We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will.
Guys, gals, now hear this: No one wants to take away your hunting rifles. No one wants to take away your shotguns. No one wants to take away your revolvers, and no one wants to take away your automatic pistols, as long as said pistols hold no more than ten rounds. If you can't kill a home invader (or your wife, up in the middle of the night to get a snack from the fridge) with ten shots, you need to go back to the local shooting range.
One of the biggest gifts you can give a child is confidence, because confidence will take you miles - more than talent, more than anything else. So yes, I want my children to have confidence and to be kind.
Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit.
We're the only developed country in the world that doesn't have paid maternity leave. Paternity leave is just as important. Paid family medical leave so that you can take care of a parent, a child, a grandparent, whatever you need to do. I think we're shortsighted when we don't invest in our employees as companies, and as an economy, because we invest in them and they invest back in us.
There is not a lot known about the informal economy, and yet it makes over 60% of the global economy. And these black markets are all around us. It's important for us to know that and to understand how they operate if we really want to stop them.
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.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
If you go two years without playing with confidence, when your whole life, you've been extremely confident and a hard worker... I got punched in the mouth, and it took me a while to adjust. I kind of had my confidence - I don't want to say taken away, because no one should ever be able to take your confidence away.
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?
I will do my best to transform our trade policy and take on these corporations who want to invest in low-income countries around the world rather than in the United States of America.
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