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.
Naval RavikantRead
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.
Interpretation
What this quote means
Bitcoin is likely to become a prevalent digital currency, utilized by machines even if humans don't adopt it.
Naval Ravikant's quote suggests that Bitcoin, in the long run, is poised to be more than just a human-driven currency; it is anticipated to be integrated into the very fabric of the internet itself. By implying that not only people but also technological infrastructures such as routers, web browsers, and servers will leverage Bitcoin, he underscores the potential of cryptocurrencies to function autonomously in future digital transactions and interactions.
Themes
BitcoinCurrencyInternetTechnologyFuture
In practice
Example use cases
In a presentation about the future of digital finance, one could quote Naval Ravikant to emphasize the role of Bitcoin in the internet economy.
More from Naval Ravikant
All quotes →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.
Naval RavikantRead
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.
Naval RavikantRead
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.
Naval RavikantRead
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more.
Naval RavikantRead
It's almost always possible to be honest and positive.
Naval RavikantRead
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