Quote of the Day:

Balaji Srinivasan

  • The Internet is programmable information. The blockchain is programmable scarcity.
  • Virtually every major technology has an initial spike of interest, then a dip, and then a long-term rise to success. The dot-com bubble is the canonical example, but there are many more.
  • Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
  • 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.
  • 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.
  • 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.
  • The future of technology is not really location-based apps; it is about making location completely unimportant.
  • Machine translation of signs, text, and speech brings down language barriers and facilitates ever more cross-cultural meetings of like minds.
  • 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.
  • Many great founders have one or more big failures on their track record. What makes them great is that they eventually succeed despite that.