Quotes of All Topics . Occasions . Authors
When you have to start over from scratch, you can do it very differently than if you have this big thing that's kinda been building on top of itself for ages and ages.
I played 'Mortal Kombat' competitively in arcades. Played for money at 10, hustling the 20-year-olds. Five bucks on whoever wins. Which, at 10 years old, is real money.
Los Angeles has always been one of America's most entrepreneurial cities, but it is hard to recognize this because of how hardwired, literally, 'entpreneurism' has become.
AngelList Syndicates are perfectly aligned with Bitcoin's ideology. They democratize the system so everyone has access to high value dealflow; it's the power of the people.
A lot of what I see in blockchain promises to get us as an industry from A to Z. As an investor and entrepreneur, I am constantly on the lookout for how we get from A to B.
It's not a coincidence these two industry areas - Silicon Valley and Hollywood - use the same jargon. They share a common language, the language of the creator, of the entrepreneur.
Security tokens are going to give birth to a quadrillion dollar market. This is because we will see the tokenization of the world's fiat money, debt market, real estate, equities, and art.
From an architecture perspective, Mt. Gox is not an isolated incident. We've had exchanges continually hacked after Mt. Gox. This has been an ongoing problem that has continued to plague our industry.
Being able to borrow against one's crypto assets gives one options, when wanting to purchase a property, and aligns with my philosophy that real estate and tokenization will be a quadrillion dollar market.
It is possible that Bitcoin will fork at some point. The question is whether or not it'll be a contentious fork. This process is a good thing in the long term, though potentially disruptive in the short term.
Users and entrepreneurs building new business models off the blockchain means that there are competing interests on how best to scale the network. Linux, also an open source software project, had similar growing pains.
Puerto Ricans are so well educated, they're so capable, they're so competent, but due to a lack of opportunity, when you graduate from college, you leave. Puerto Rico's number one export is human beings; Puerto Ricans!
When the Internet first launched, you had all these newspapers saying that the Internet was only used by bad people, to do bad things and what was the point of it. But the Internet changed everything, just like Bitcoin will.
Steve Bannon was my right-hand man for, like, seven years. He's a hammer. And when you're a hammer, everything looks like a nail. He's very sure and very smart. Very driven, very patriotic. He's not most of the things that people say.
I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.
It's often lost in most Silicon Valley startups, the importance of storytelling when most people are thinking about they assemble their team and the critical functions that the team needs to be successful. Storytelling is normally not on the list.
I call the blockchain 'the Internet of value' and 'the Internet of trust.' Because everything becomes trustless. It's a big distributed ledger. Think of it like an Excel file that's being maintained and updated and managed by millions of computers around the world.
What happened at Mt. Gox is not an isolated incident. This is a plague that continues to play like a bad broken record. As long as this continues to happen, how are we ever going to instill confidence in this industry? How are we better than the old financial system?
If you think about it, it requires a lot of effort and time and energy to make money in the real world, and if they made games equally as difficult to make money in, people wouldn't play them. So they are generally designed to be hyper-inflationary because that's more fun.
The VC industry has benefited greatly from technology and the Internet, so I see how the VC industry is going to get disintermediated, decentralized, disrupted, so I can sit around and wait for someone to disrupt ourselves, or we can choose to disrupt or cannibalize ourselves.
Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip - blockchain and crypto is the fourth.
I'm normally running three to 10 meetings at a time. I just pile them all up. I have no schedule and everybody just kind of meets at the same time. It sometimes makes people who are really important in their minds very uncomfortable because they're used to getting an automatic three hours alone.
Most people are playing the game of compounding interest, which is self interest - how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call 'compounding impact.' How do you make a positive impact in the world?
Two-thirds of the world's population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that's a problem that most of the world faces if you're in Latin America, Africa or South East Asia.