If you use a bad password, your Bitcoin will get stolen. Naval Ravikant More Quotes by Naval Ravikant More Quotes From Naval Ravikant Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn't require external institutions or trusted third parties to validate things. Naval Ravikant computers everything things money Figure out what you're good at and start helping other people with it; give it away. Pay it forward. Karma sort of works because people are very consistent. On a long enough timescale, you will attract what you project. Naval Ravikant good you long people Within my social circle, there is a large group of people who will take bitcoin as legal tender; like, you can go to them and settle debts in Bitcoin, and they will happily take it. Naval Ravikant legal group you people 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. Naval Ravikant think money important gold Think of Bitcoin as a bank account in the cloud, and it's completely decentralized: not the Swiss government, not the American government. It's all the participants in the network enforcing. Naval Ravikant cloud american think government The ledger, the distributed database - it's called a Blockchain - is held in the cloud by all the parties involved. It can't be broken by any of them. It's cryptographically too strong. You would have to compromise the entire network to take over Bitcoin. Naval Ravikant you compromise broken strong It's almost always possible to be honest and positive. Naval Ravikant possible always honest positive I think of Twitter as the place where I go to have a great conversation when I can't have one locally, which seems to be all the time, and the more time that I spend on Twitter, the more I sort of curate this incredible group of very intelligent people that I just get to know purely through the quality of their thoughts. Naval Ravikant thoughts quality time people 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 Ravikant walk need cards world Cryptocurrencies will create a fifth protocol layer powering the next generation of the Internet. Naval Ravikant generation will create internet The best founders are extremely thoughtful and have an eye for quality. I don't know if there's any generic advice here that would be helpful. Startup knowledge is a moving target. Naval Ravikant best quality eye knowledge Entrepreneurship is really hard and painful - I'm not sure I'd recommend it for anyone who can't handle the extreme stress. Naval Ravikant who hard stress painful Our mission is to help founders and anyone or anything that helps founders helps us with our mission. Naval Ravikant us mission help anything I think it just helps to be very aware that fundamentally, there are no adults. Everyone is making it up as they go along. You have to find your own path, picking, choosing, taking and discarding as you see fit. Naval Ravikant see think you path Be present. Be meditative. Form real friendships. Stay away from business networking events or friendships where there is always an underlying business angle. Naval Ravikant stay always business real People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions. Naval Ravikant you money gold people Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. Naval Ravikant programmer any more cash There's so much innovation going on, and there are lots of people funding that innovation, but there's very little innovation on that infrastructure for innovation itself, so we like to do that ourselves to help companies create more tech companies. Naval Ravikant help create innovation people ICOs are obviously a new and interesting form of funding for blockchain-based protocols, but it's not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins. Naval Ravikant new good clear interesting Oddly enough, Bruce Lee wrote some great philosophy. Naval Ravikant some great enough philosophy
