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.
Manners must adorn knowledge and smooth its way in the world, without them it is like a great rough diamond, very well in a closet by way of curiosity, and also for its intrinsic value; but most prized when polished.
A man who suffers or stresses before it is necessary, suffers more than is necessary
Goodness without wisdom always accomplishes evil.
There is no greater mistake than to suppose that platitudes, smooth words, timid policies, offer today a path to safety.
Imagination is a poor matter when it has to part company with understanding.
The wise have mastered body, word, and mind. They are the true masters.
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