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
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more.
Interpretation
What this quote means
The quote emphasizes the importance of programming and how it encompasses various essential financial systems and transactions.
Naval Ravikant's quote illustrates the vast capabilities of competent programmers, highlighting their ability to build and utilize APIs that facilitate a range of financial functions from cash and payments to more complex systems like crowdfunding and escrow. This emphasizes the importance of software development in modern finance and its role in making diverse services accessible and streamlined through technology.
Themes
ProgrammerApiTechnologyFinanceSoftware
In practice
Example use cases
This quote can be used in a tech conference to inspire young programmers about the potential of their skills.
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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It's almost always possible to be honest and positive.
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