Words matter. These are the best Balaji Srinivasan Quotes, and they’re great for sharing with your friends.
It used to be that you had to come to Silicon Valley, walk up Sand Hill Road, network with individuals. That’s now being completely changed and turned on its head by the whole ICO thing.
Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.
We believe the most significant long-term application of bitcoin may be reducing the upfront cost of internet-connected devices to make them more accessible for the developing world.
By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.
Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.
The Internet is programmable information. The blockchain is programmable scarcity.
If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains.
The future of technology is not really location-based apps; it is about making location completely unimportant.
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that’s purely digital. Bitcoin and ethereum are the canonical.
Many great founders have one or more big failures on their track record. What makes them great is that they eventually succeed despite that.
I’m interested in businesses that take digital bits and turn them into interfaces for physical atoms. I’m also interested in drones, Bitcoin, and 3D printing.
Mobile technology makes us ever more mobile, increasingly permitting not just easier movement around a home base but permanent international relocation.
I think tokenization eventually means everyone becomes an investor once all the regulatory issues are worked out – from your computer itself to a kid in India messing around with $10.
