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
Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn't require external institutions or trusted third parties to validate things.
Interpretation
What this quote means
Cryptocurrencies revolutionize traditional finance by enabling digital transactions without intermediaries.
Naval Ravikant's quote emphasizes how cryptocurrencies redefine money by integrating it directly into digital systems. This shift allows for decentralized transactions that eliminate the need for banks or other third-party institutions, promoting direct peer-to-peer interactions and enhancing security and efficiency in financial exchanges.
Themes
CryptocurrencyDecentralizationBlockchainDigital CurrencyPeer-To-PeerFinance
In practice
Example use cases
Discussing the future of finance at a tech conference.
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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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