A Quote by Vitalik Buterin
I think Bitcoin really feels empowering in a sense.
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The Internet is empowering everybody. It's empowering Democrats. It's empowering dictators. It's empowering criminals. It's empowering people who are doing really wonderful and creative things.
We are very excited about the use of blockchain, whether it's Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as a global currency and, really more importantly, Bitcoin as a global financial rail.
As a proud spokesperson for L'Oreal Paris, I have communicated the 'Because You're Worth It' message many times, and know firsthand how empowering it is to say and how empowering it feels.
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 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.
The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?
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 ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.
I think that it feels really good to be recognized in a sense of being nominated for Grammys and things like that, but part of it is, we spent a lot of time on our own making music: seven or eight years and nobody really paid attention. It feels good. We also learned to not pay too much attention to things like that, and I think it made us stronger.
In terms of CBS, I think that the consistency for them, it feels like they have a really clear sense of who they are and what they want, and they're able to keep delivering very consistently on their brand, which is really terrific, and I think NBC has taken some really smart and interesting routes in the things that they've done.
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.
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?
It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire.
I think the fact that within the bitcoin universe an algorithm replaces the functions of the government is actually pretty cool. I am a big fan of bitcoin.
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