Balaji Srinivasan Zitate auf Englisch

Zitat des Tages von Balaji Srinivasan:

There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.

There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.

Balaji Srinivasan

Every time you load a webpage is a HTTP request. That's a lot of HTTP requests. If you are earning bitcoin on every HTTP request, that could be a lot of earned bitcoins.

Balaji Srinivasan

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.

Balaji Srinivasan

Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.

Balaji Srinivasan

Many great founders have one or more big failures on their track record. What makes them great is that they eventually succeed despite that.

Balaji Srinivasan

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.

Balaji Srinivasan

Machine translation of signs, text, and speech brings down language barriers and facilitates ever more cross-cultural meetings of like minds.

Balaji Srinivasan

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.

Balaji Srinivasan

If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains.

Balaji Srinivasan

Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.

Balaji Srinivasan

Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.

Balaji Srinivasan

Mobile technology makes us ever more mobile, increasingly permitting not just easier movement around a home base but permanent international relocation.

Balaji Srinivasan

The future of technology is not really location-based apps; it is about making location completely unimportant.

Balaji Srinivasan

The Internet is programmable information. The blockchain is programmable scarcity.

Balaji Srinivasan