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
It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for.
Interpretation
What this quote means
Bitcoin represents a new form of money that is programmable and has potential uses beyond traditional currency.
In this quote, Naval Ravikant emphasizes the revolutionary nature of Bitcoin, urging listeners to rethink its purpose not as a simple substitute for currency or gold but as a transformative financial technology. This 'programmable money' could lead to innovations and applications that we have yet to fully envision, hinting at its capability to reshape the financial landscape in unprecedented ways.
Themes
BitcoinProgrammable MoneyCurrencyInnovationTechnology
In practice
Example use cases
A speaker at a tech conference discussing the future of finance.
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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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