We think of bitcoin as mobile. It's not one company; it's broad. Balaji Srinivasan More Quotes by Balaji Srinivasan More Quotes From Balaji Srinivasan The Internet is programmable information. The blockchain is programmable scarcity. Balaji Srinivasan blockchaininternetinformation Machine translation of signs, text, and speech brings down language barriers and facilitates ever more cross-cultural meetings of like minds. Balaji Srinivasan downmeetingsspeechlanguage Virtually every major technology has an initial spike of interest, then a dip, and then a long-term rise to success. The dot-com bubble is the canonical example, but there are many more. Balaji Srinivasan risebubbletechnologysuccess Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical. Balaji Srinivasan somethingbitcoindigitaltoday By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens. Balaji Srinivasan saydownwillway Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great. Balaji Srinivasan anythingwillbecausegreat There's a tiny number of Bitcoin wizards and an enormous number of smart developers that have no onramp to Bitcoin. We need to make that onramp easier. Balaji Srinivasan makeneedbitcoinsmart I think tokenization eventually means everyone becomes an investor once all the regulatory issues are worked out - from your computer itself to a kid in India messing around with $10. Balaji Srinivasan everyoneyourthinkindia Isn't the purpose of bitcoin mining simply to get rich - or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol - and particularly in the industrial uses of bitcoin enabled by embedded mining. Balaji Srinivasan morerichfinancialpurpose We believe the most significant long-term application of bitcoin may be reducing the upfront cost of internet-connected devices to make them more accessible for the developing world. Balaji Srinivasan morebitcoinbelieveworld Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM. Balaji Srinivasan drivewillspacebelieve It used to be that you had to come to Silicon Valley, walk up Sand Hill Road, network with individuals. That's now being completely changed and turned on its head by the whole ICO thing. Balaji Srinivasan roadwalkhillyou Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects. Balaji Srinivasan blockchainbitcoindataway There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. Balaji Srinivasan financial-crisiscrisisfinancial If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains. Balaji Srinivasan youinternetinformationmoney Our nation of immigrants is, tautologically, a nation of emigrants. Balaji Srinivasan nationourimmigrants The future of technology is not really location-based apps; it is about making location completely unimportant. Balaji Srinivasan aboutfuturelocationtechnology Mobile technology makes us ever more mobile, increasingly permitting not just easier movement around a home base but permanent international relocation. Balaji Srinivasan moretechnologypermanenthome Don't do a startup unless you're ideologically driven to make it succeed beyond the economic motivation. Balaji Srinivasan beyondyousucceedmotivation We need to build opt-in society, outside the U.S., run by technology. Balaji Srinivasan needrunsocietytechnology
