The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.
What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.
There are very few fundamental shifts in global infrastructure that can happen in our life times. The financial infrastructure is one of them, and the Blockchain is changing the way we think about the transfer of value.
For Bitcoin, if it becomes a thing, it will become an enormous thing. It will be world-changing. But if it's nothing, it's nothing. There is no in between.
I believe that Bitcoin is going to change the way that everything works. I want entrepreneurs to tell me how its going to change. Build the equivalent of an Iron Man suit with Bitcoin.
China just banned ICO fundraising. They did Silicon Valley and the U.S. a favor - now we get first dibs.
I think that the future of currency is digital, and Bitcoin has a good shot at being the currency of the future.
I think that governments are going to get disrupted by the blockchain. I think in the same way that the Internet forced everyone to evolve, the Blockchain is going to change the game again.
The next phase of the journey is to move from speculation to actual use cases - people getting into Bitcoin because they want to use it.
Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn't want to be on the receiving end of hacker fury.
Energy and bitcoin work really well together because you can pay out in micro-transaction units. As the energy gets used, they pay out, and it's by the kilowatt rather than by the month.
The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.
I find it difficult to turn down an entrepreneur who's both passionate and knowledgeable about their space.
I think that governments are going to get disrupted by the blockchain. I think in the same way that the Internet forced everyone to evolve, the Blockchain is going to change the game again.