I am not excited about Bitcoin. I think it’s an outrage that, in an era of global warming, there are racks of servers next to the Columbia River. I wish I could explain to the salmon that we’ve created a dam generating hydroelectric power so that we can generate a fake currency.
My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS does not deal in bitcoins.
Setting regulatory certainty is very important for bitcoin. I’m opposed to the regulations, but the bitcoin businesses need to know the rules of the game in order to move ahead.
We dealt with a lot of skepticism early on, when we first spoke about bitcoin.
Who would want one’s children growing up buying things like bitcoin? I hope to God my family doesn’t buy it. It’s noxious poison.
That was the moment I wanted to use bitcoin: when I saw Harriet Tubman on a $20 bill. It’s like, when you see all the slave movies, it’s like, why you gotta keep reminding us about slavery? Why don’t you put Michael Jordan on a $20 bill?
If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap.
Bitcoin and the block chain enables a whole new way to incentivize and transact, so change the world with this new tool. Create and build! Surprise us with an idea we have never seen before.
I believe that Bitcoin holds value as a form of ‘good money’ that is superior to any previously discovered or developed form of money.
There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It’s been true for XRP, and I think that’s because these markets are very nascent.
How high can bitcoin go? The real question is how low can the dollar go?
We set up a small bitcoin and ethereum mining operation… that miraculously now is actually making a lot of money.
Pretty uniformly, people want the benefits of bitcoin and the blockchain – near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.
The main event isn’t bitcoin. It’s using the blockchain to disrupt other industries and Wall Street.
Before I went to prison, there were not really many blockchain products. It was only bitcoin.
Bitcoin is just one example of something that uses a blockchain.
Bitcoin is very ideologically fulfilling, it’s my form of political activism, but it’s also a huge business opportunity.
Something like bitcoin is really important because it is not correlated to the rest of the market.
My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive – I have many questions about it.
While it’s not obvious to people now, in the long-run, the permissionless innovation that Bitcoin enables will ultimately improve the lives of billions of people.
The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift card is Bitcoin. You practically have to be a hacker to know about it.
At first, almost everyone who got involved did so for philosophical reasons. We saw bitcoin as a great idea, as a way to separate money from the state.
The world is a global economy. I thought, ‘It’s a bummer we don’t have a unifying currency.’ Then I saw Bitcoin had already had a crash and had the resistance to recover. The community was strong enough to push it through again. That’s really exciting.
In the aftermath of the oh-so-predictable crash, the Bitcoin fanatics have begun marshaling out excuse after excuse for why this non-investment investment lost so much of its value so fast. One was that hackers attacked some of the exchanges for Bitcoins and crippled it. Really? A hacker can wreck an entire market?
If you’re someone in the business of verifying transactions on a proprietary network, the invention of Bitcoin cannot be safely ignored. It will change or disrupt the providers of most proprietary payment networks in the coming years.
Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0.
Bitcoin is like anything else: it’s worth what people are willing to pay for it.
We will never hear about people’s Bitcoin accounts being frozen or seized by a government agency.
