I think long-term, Bitcoin is a currency of the Internet. So, even if humans don't use it, routers will use it. Web browsers will use it. Web servers will use it.
Naval RavikantRead
China may censor YouTube. China may censor Twitter. They won't be able to censor Bitcoin. There's no central authority. There's no one you can go to and say, 'We're going to turn Bitcoin off.'
Interpretation
What this quote means
Bitcoin operates independently of a central authority, making it resistant to censorship.
Naval Ravikant's quote highlights the decentralized nature of Bitcoin, suggesting that, unlike traditional platforms that can be censored by governments such as China, Bitcoin's lack of a central authority ensures its resilience against such attempts to control or shut it down. This underscores the revolutionary potential of cryptocurrency in promoting freedom of expression and financial autonomy.
Themes
BitcoinCensorshipDecentralizationFreedomCryptocurrency
In practice
Example use cases
In a presentation about the future of finance, one might say, 'As Naval Ravikant pointed out, China may censor platforms, but they cannot censor Bitcoin.'
More from Naval Ravikant
All quotes →Having a million-dollar net worth doesn't make you a genius, and having less than a million-dollar net worth doesn't make you a fool.
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Humans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine.
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Rules that may be easy for Wall Street are a death sentence for startups. They are easy to break accidentally and the penalty for noncompliance is severe.
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If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.
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Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more.
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