Top 10 Balaji Srinivasan Quotes
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Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.
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.
Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
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.
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.
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.
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.
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.
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.
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
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Today's Quote
Obama repeatedly has condemned Hamas as a terrorist organization that should be isolated until it renounces violence and recognizes Israel.
Quote Of The DayToday's Shayari
मैं अपनी सुबह शाम यूँ ही गुजार लेता हूँ.
जो भी ज़ख्म मिलते हैं कागज़ पे उतार लेता हूँ...!!
Today's Joke
पड़ोसन- कल तुम घर पर नहीं थी, कहां थी?
अरी बहन वो कल हमारे मायके
"ब्युटीफुल ट्रेजडी"
के चक्कर मे...
Today's Status
Friends like you are the reason why there’s never a sunset in my life’s happiness. Good evening.
Status Of The DayToday's Prayer
You have promised to be with me dear God, help me to enjoy your divine companionship and partnership in the...
Prayer Of The Day