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
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.
Interpretation
Wealth does not determine intelligence or value; it is not a measure of a person's worth.
This quote emphasizes that a person's financial status is not an accurate reflection of their intelligence or capabilities. It suggests that both wealth and poverty come with their own complexities, and one should not judge someone's wisdom or worth based solely on their net worth. True genius and foolishness lie beyond material measures, demonstrating that intelligence is independent of financial success.
In practice
In a seminar about financial literacy, one might say this quote to illustrate the misconception that wealth equates to intelligence.
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.
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.
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.
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.
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more.
It's almost always possible to be honest and positive.
Love of action is not industry.
Unhappy is the fate of one who tries to win his battles and succeed in his attacks without cultivating the spirit of enterprise, for the result is waste of time and general stagnation.
If you have some respect for people as they are, you can be more effective in helping them to become better than they are.
The most effective way to destroy people is to deny and obliterate their own understanding of their history.
It isn't that a warrior learns shamanism as time goes by; rather, what he learns as time goes by is to save energy. This energy will enable him to handle some of the energy fields which are ordinarily inaccessible to him. Shamanism is a state of awareness, the ability to use energy fields that are not employed in perceiving the everyday-life world that we know.
I don't write a book so that it will be the final word; I write a book so that other books are possible, not necessarily written by me.
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