The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 86 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Samani: Bitcoin is nonsense and not an inflation hedge
“No. Bitcoin is nonsense. It does not, there are so many ways to, you can choose to have a productive asset or a nonproductive asset. And then there are many assets that are naturally good hedges against inflation. The obvious of which is like Walmart and Amazo…”
Bitcoin Runs on Greed While Solana and Ethereum Show Long-Term Potential
“And that greed element of blockchain, which is exactly what the Bitcoin thing is all about, in my opinion, is about greed, bringing down the, in the whole blockchain thing. While Solana and Ethereum, they're looking like they have a long-term potential.”
Samani: Bitcoin has no productive value and produces no economic utility
“Bitcoin is a strictly financial construct. Bitcoin has no economic value. It has, it is no, it's not productive. Excuse me. Bitcoin is no productive value because it doesn't do anything. It's an asset. There are some interesting properties of that asset, but i…”
Facebook Will Launch a Crypto Coin and Become Bitcoin's Main Competitor
“Now, I will say also that on crypto, I think that there's a high probability that the company that will really succeed in crypto will be Facebook, and the reason is that for them to launch their own coin and for them to distribute that coin and allow developer…”
Lemkin: 100% of S&P 500 companies with cash will buy Bitcoin
“I think a hundred percent of S&P companies are going to buy Bitcoin over the next 48 months. A hundred percent. I think it's going to become part of the standard treasury function in the CFO's office that has cash. It's going to be part of cash management and …”
Hoffman predicts Bitcoin will approach $200,000 by the end of 2025
“I would say end of 25, so I'm approaching 200,000.”
Tomaino: Crypto fund managers must beat a 50/50 BTC/ETH benchmark
“I mean, as a venture manager, you get paid two and 20, maybe more, maybe a little more, maybe a little less, but those are meaningful fees. The reason that you get those fees is because you can outperform you know, an index and you know, every private equity F…”
Tomaino: Crypto VCs would succeed by secretly buying just BTC and ETH
“Like I think a strategy, you know, a dishonest, but probably successful strategy for one of these billion dollar fund managers would be to, you know, pitch to LPs that you're investing in, you know, bleeding edge crypto that's gonna, gonna push the space forwa…”
Summers: Europe is a museum, Japan a nursing home, China a jail
“It's a joke, but not without some element of truth to say that Europe's a museum, Japan's a nursing home, China's a jail, and Bitcoin's an experiment.”
Amjad Masad: Bitcoin will become the world's reserve currency
“I think Bitcoin is the future reserve currency of the world.”
Garg: Bitcoin could become a central bank reserve larger than the yuan
“Could Bitcoin actually be a Reserve currency that central banks are purchasing that could be bigger than the yuan or the euro in central banks. I don't think that's crazy, actually.”
Doerr: Carbon accounting will be a more important currency than Bitcoin
“Everyone will do carbon accounting. Governments will do carbon accounting. They will score legislation for carbon. It's a new currency, a more important currency, I dare say, than Bitcoin is.”
Cryptocurrencies can enable a post-capital and post-corporation world
“Now I got involved with cryptocurrencies and Bitcoin early, and then I thought I was Too early, and maybe it wasn't going to happen, and now I'm completely drinking the Kool-Aid, and I'm completely enthralled by just the potential of cryptocurrencies to get us…”
Startup fundraising will shift to crypto tokens within 10 years
“I actually think in 10 years, some of the craziness will level out. And maybe it's not on Bitcoin, but maybe it's on another token or so, that you will see fundraisers done differently in 10 years.”
Lee: Bitcoin will replace fiat as the global reserve currency
“I guess I believe that cryptocurrency will take over fiat currency and become, like, the reserve currency, or Bitcoin could become, will become the reserve currency of the world, where everyone would Base everything on cryptocurrency. This is something that I …”
Armstrong: Bitcoin community is ideological; Ethereum community is pragmatic technologists
“The Bitcoin group, I would say they had a lot of people join early on that were kind of more ideologically motivated or perhaps pedantic... And the Ethereum community I would describe as more like technologists or people who just want to focus on the underlyin…”
Adam Draper: Blockchain technology cannot exist without Bitcoin's incentive structure
“And to me, they're completely integrated. Everyone's, they're very integrated and they're very similar. It's one can't exist without the other because the Bitcoin system is the incentivized system to help the ledger stay opera in operation because the ledger i…”
Tim Draper: Bitcoin is more secure than money at Goldman Sachs
“And Bitcoin now is, you know, my Bitcoin is more secure than money at Wells Fargo or Goldman Sachs.”
Calacanis: Bitcoin has an equal chance of reaching $1,000 or $0
“I think Bitcoin has an equal chance of going to zero as it does to a thousand dollars again.”
Freise: Bitcoin and the Euro will gain share in a multi-currency reserve system
“I think Bitcoin will take a larger share as will the Euro, but it's going to be more of a mix.”
Nicolai Tangen confirms the Norwegian sovereign wealth fund will not hold Bitcoin
“We will not hold Bitcoin. It's not in our mandate, and we have no wish to have it. I don't think. And also, I'm not quite sure I fully understand All the implications of Bitcoin, but we, but it's not an alternative for us.”
Marcus: Speculative token era is ending, shifting innovation back to Bitcoin
“I think we're done with that or almost done with that. And I think that's why you see a lot more innovation coming back to Bitcoin as well, because people have come to realize that actually building real products that solve real people's problems is the way to…”
Bedrock exited Bitcoin and Ethereum to fund its investment in Rippling
“And so we traded out of Bitcoin and Ethereum via our second fund and for it, right before the crash for a great multiple and recycled those proceeds to fund our rippling investment.”
Carney: Bitcoin acts as an amplifier of market risk, not a hedge
“What we've seen to some extent with Bitcoin, and it's too short a time series to be definitive about this, is that in some respects been an amplifier of overall risk appetite, certainly over the course of the last”
Monegro: Buying Bitcoin directly outperformed USV's early-stage crypto equity investments
“I calculated how much better or worse an investment it would have been to just buy Bitcoin and buy the same amount of dollars worth of Bitcoin, and found that Bitcoin would have been a much better investment”
Bitcoin Failed as a Currency but Works as a Store of Value
“Bitcoin has not worked as a currency, but I believe it has worked and will continue to work as a store of value.”
Lee: Bitcoin will be store of value while Litecoin handles payments
“Pretty much, Bitcoin is going to be the best store of value, and Litecoin being faster, more nimble, will be, and also have cheaper fees, will be better used for transactions as a payment method.”
Lee: ICO crash will trigger capital flight to Bitcoin and Litecoin
“I think there will be a slight to quality. So people would Sell their tokens for Ether, and potentially sell their Ether for Bitcoin. So, it would crash a lot of the ICO tokens, a lot of the altcoins, but I think it would be good for the stronger currencies ou…”
ICOs and token marketplaces will not replace traditional venture capital firms
“When we talk about disruption, I'm very skeptical that where we're going to be in 10 years is, you know, everything is initial coin offerings, and there's no VCs, and, you know, there's just sort of marketplaces like AngelList and Bitcoin, right? Like, I don't…”
Adam Draper: US government regulation actually drives crypto adoption by legitimizing it
“I actually think regulation is good because it legitimizes it. Like, every time the US government makes a new rule about Bitcoin or the blockchain more people get interested in it rather than shy away from it because it feels like it's more and more endorsed b…”
Tim Draper: Bitcoin and blockchain will disrupt venture capital like Uber
“All of these things, Bitcoin, the blockchain, there are going to be new technologies applied to venture capital just the way file sharing was applied to the music industry, or Uber was applied to the taxi industry. I think venture capital is going to be change…”
Tim Draper predicts widespread Bitcoin adoption will occur by 2018
“Yeah, I think the adoption, I thought it would be three years and that was two years ago. It might be another two years because all of these entrepreneurs who have worked very hard to create uses for Bitcoin, those uses are starting to be adopted.”
Ahmed: Bitcoin and cryptocurrencies are the IP protocol for finance
“Cryptocurrencies and bitcoins is the future, as to when that transaction will be like an IP transaction. So I look at bitcoins and cryptocurrencies as the equivalent of IP IP protocol for the financial services transaction. So that's why I say it's very bright…”
Weitzman: Networked GPUs have intrinsic utility and store value globally
“But a GPU, it has intrinsic value. Like, you can actually use that asset for something that's really, really valuable. And it doesn't matter where that GPU is. It could be in Iceland. It's still useful to anybody all over the world, as long as it's networked. …”
Lemkin: Investors should immediately pass on founders boasting about early Bitcoin buys
“That's an instant pass on a founder and a pitch telling you when they got into Bitcoin. That, that's my flip side of too much feedback after zero. Like, if all they tell you, if in the 1:20 seconds they tell you about when they got into Bitcoin, tell them to s…”
Green: Crypto resembles the tulip craze due to a lack of commercial utility
“Not bearish on crypto, but, like, I think it reminds me a little bit of the tulip craze that you can't actually use crypto to go buy, like, when you could, if I could go buy a Tesla with crypto, it'd be amazing. If I could go to Amazon and use Bitcoin, it'd be…”
Narayanan: AI is a net positive for society, unlike Bitcoin
“While there are harms around AI, I think it has been a net positive for society. I can't say the same thing about Bitcoin.”
Maguire: Bitcoin is an obvious strategic hedge for the United States
“And so I just think it's a very obvious hedge for America to hold Bitcoin.”
Ripley Claims Most 2024 US Presidential Candidates Are Pro-Crypto
“The majority of the candidates out there are you know, pro Bitcoin, pro cryptocurrency.”
Ripley: Bitcoin Volatility Trends Upward Long-Term Unlike Depreciating Fiat
“First I'll point out that it's a lot of volatility up and to the right across the, you know, the history of the, you know, of Bitcoin. And it, it's not a lot of volatility and down and to the right as you know, most fiat currencies perform.”
Ripley Predicts the US Will Elect a Pro-Crypto President Soon
“Over the coming set of elections, we will have a pro-Bitcoin, pro-cryptocurrency president, because crypto and Bitcoin are naturally going to grow.”
Rabois: Bitcoin adoption is inversely correlated with the rule of law
“So my theory was always from 2013 or 14 that adoption of Bitcoin would globally be inversely correlated to the rule of law in a specific market or specific country. And I think that's proven to be true.”
Tomaino: Bitcoin and pop stars derive value from mimetic desire
“A lot of why people think she's good is because other people think she's good. And I think that can, that, that applies to cryptocurrency too. Why does everyone think Bitcoin is valuable? Because other people think it's valuable.”