Bitcoin as a globally distributed public ledger - that's the thing I'm most excited about going forward. Thinking about how to use Bitcoin in new and innovative ways. In the meantime, we have the boring uses of Bitcoin that are in the process of going mainstream.

Gavin Andresen

Categorized in : New Thinking Process Boring

Ask me in six months; I don't trust my own judgment right now after all the drama.

Gavin Andresen

business

I hate hearing people who say they invested their life savings in bitcoin. Don't do that. And I have not done that personally, bitcoin is an experiment.

Gavin Andresen

technology

Without those uses maybe it would have taken longer (for bitcoin to get to where it is).

Gavin Andresen

technology

There are some questions I'm sick of giving answers to. Don't ask me if I'm Satoshi.

Gavin Andresen

technology

My vision is really to give people more control over their money in the financial world.

Gavin Andresen

technology

Fewer than many people think.

Gavin Andresen

technology

In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.

Gavin Andresen

you desert future world

My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS does not deal in bitcoins.

Gavin Andresen

tax you salary bitcoin

Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.

Gavin Andresen

more will just people

There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency flows across their border. I personally think governments will do what governments have always done: they will adapt.

Gavin Andresen

will thought think done

I don't see myself as the king of Bitcoin. I don't want to be the king of Bitcoin.

Gavin Andresen

king see myself want

Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in the world where there are not functioning banking systems or payroll systems, where it could go mainstream first because you're not trying to replace the way people are already doing something.

Gavin Andresen

you people way world

The regulation picture has gotten a lot clearer in the U.S. and most of Europe. And that's fantastic. I think that's why you're seeing companies like Microsoft and Dell accepting Bitcoins.

Gavin Andresen

picture like think you

You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It's much better if the Bitcoin economy is a self-contained thing.

Gavin Andresen

better you people way

I'm most excited about all of the non-currency uses of the block chain's ledger-ordering ability. I have no idea which ones will turn out to be successful, but I'm glad all of that experimenting is happening.

Gavin Andresen

turn will excited ability

I think the best projects understand that they don't need to invent a new currency. They don't need to use the block chain as their long-term data storage solution. And they don't need to use the peer-to-peer network as their communication mechanism. They should use the block chain as the world's most secure distributed ledger.

Gavin Andresen

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