Bitcoin

part of Bitcoin And Cryptocurrencies includes Bitcoin Network, Bitcoin Blockchain, Bitcoin Scripting Language

210 statements across 62 episodes · 92 bullish · 43 bearish · 49 people on the record · first statement Jul 15, 2017 by Marc Andreessen · said 1,283 times in 120 episodes since 2017 · across every show →

Mentions by year, the whole family

brought up most by Chris Dixon (169), Michael Copeland (72), Balaji Srinivasan (70), Adam Ludwin (54), Brian Armstrong (49), Ali Yahya (47), Dan Boneh (43), Linda Xie (42)

tap a year for its mentions
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040802017201820192020202120222023202420252026episodes it came up in
00104020802017201820192020202120222023202420252026episodesmentions per episode
2026 24 mentions in 5 episodes 5 per episode
2025 43 mentions in 13 episodes 3 per episode
2024 58 mentions in 8 episodes 7 per episode
2023 3 mentions in 2 episodes 2 per episode
2022 18 mentions in 4 episodes 5 per episode
2021 13 mentions in 5 episodes 3 per episode
2020 11 mentions in 2 episodes 6 per episode
2019 825 mentions in 62 episodes 13 per episode
2018 218 mentions in 15 episodes 15 per episode
2017 70 mentions in 4 episodes 18 per episode

every mention, scene by scene, with the transcript →

Everything said about Bitcoin, oldest first

Jul 15, 2017 bullish
Insight
Andreessen: Global early-adopter tech market now starts at 50 million people
“A subtle but important thing that's happened in the last 20 years is the market of early adopters now is now very large. And so, and I just, like, look at it numerically, like, the number of total internet users in, like, 1999 was maybe fifty million people. A…”
Marc Andreessen Jul 15, 2017 ▶ 38:54 Marc Andreessen and Chris Dixon
Jul 28, 2017 bullish
Assertion Not checkable as stated
Bitcoin is the first cryptocurrency to achieve working adoption
“This is the first cryptocurrency that's actually seems to work, that's actually been, being adopted.”
Dan Boneh Jul 28, 2017 ▶ 2:40 Dan Boneh
Jul 28, 2017 positive
Assertion Supported
Bitcoin exchange solvency can be proven without trusted auditors
“The beauty of Bitcoin is that you need no trust in third parties. And this proof of solvency can be done without, ah, any expense, any payments done to a third party.”
Dan Boneh Jul 28, 2017 ▶ 6:32 Dan Boneh
Jul 28, 2017 bullish
Insight
Blockchain is the first publicly available, append-only database
“The thing that we're excited about Bitcoin is, A, the, obviously, the currency, but what's more interesting is even the block applications of the blockchain, right? It's the first time when we have sort of an append-only database that's kind of you can put thi…”
Dan Boneh Jul 28, 2017 ▶ 3:14 Dan Boneh
Jul 28, 2017 neutral
Assertion Contradicted
Bitcoin market capitalization has stabilized around $3.5 billion
“Today the, you can see that in the last six months or so, things have kind of stabilized, and market capitalization is around three and a half billion.”
Dan Boneh Jul 28, 2017 ▶ 2:28 Dan Boneh
Dec 9, 2017 positive
Assertion Supported
Rampell: Bitcoin transactions are fully traceable on-chain in perpetuity
“Whereas Bitcoin, you can actually track every subsequent transaction from a Bitcoin wallet and when Bitcoin is sent. And it's really remarkable because if I put ten million dollars over here in Bitcoin, I can see where all of those coins end up in perpetuity.”
Alex Rampell Dec 9, 2017 ▶ 11:05 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 positive
Insight
Rampell: Bitcoin is rules without rulers
“The really interesting thing about Bitcoin is that it is, it's rules without rulers.”
Alex Rampell Dec 9, 2017 ▶ 8:37 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017
Assertion Supported
Rampell: Bitcoin and Ethereum energy use ranks 71st among countries
“So if you were to graph every country on Earth by energy usage, the 71st most energy-using country, so this is ahead of a 120 other ones, Is the two largest blockchain efforts of Bitcoin and Ethereum.”
Alex Rampell Dec 9, 2017 ▶ 6:23 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 neutral
Assertion Supported
Rampell: Satoshi Nakamoto holds 1 million Bitcoin worth $6.7B
“He owns about a million Bitcoin at a trading price of about 6700 dollars today is worth about 6.7 billion dollars.”
Alex Rampell Dec 9, 2017 ▶ 8:24 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 negative
Opinion
Rampell: Store of value is a limited cryptocurrency use case
“What if you could expand Bitcoin to not just be money, and not just be a store of value, Because that seems to be a very limited use case. Not that many people use gold every day, but people use lots of other applications.”
Alex Rampell Dec 9, 2017 ▶ 13:34 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 neutral
Opinion
Rampell: Bitcoin failed as a currency and acts as digital gold
“Bitcoin itself was meant to be an effort that would be a new currency. I would actually argue that this effort has not succeeded. It's much more akin to gold.”
Alex Rampell Dec 9, 2017 ▶ 9:38 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017
Assertion Not checkable as stated
Rampell: Bitcoin was not new technology, but a combination of three innovations
“And Bitcoin actually wasn't anything new. It was a sum of three innovations.”
Alex Rampell Dec 9, 2017 ▶ 7:00 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 negative
Opinion
Rampell: Gold as money is more absurd than Bitcoin
“And again, if you think that Bitcoin is silly, I would turn your attention to gold being a little bit more silly.”
Alex Rampell Dec 9, 2017 ▶ 11:41 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
Dec 9, 2017 neutral
Assertion Supported
Rampell: Winning a Bitcoin block yields 12.5 BTC worth $81,000
“Just like in Vegas here, but if you win here, you get 12 and a half Bitcoin. 12 and a half Bitcoin right now is worth about 81,000 dollars.”
Alex Rampell Dec 9, 2017 ▶ 5:37 Decrypting Crypto: From Bitcoin and Blockchain to ICOs
May 5, 2018 neutral
Assertion Supported
Chainalysis and Elliptic use machine learning experts to de-anonymize Bitcoin
“There's also services like Chainalysis and Elliptic, whose sole purpose is to de-anonymize networks like Bitcoin. So they have entire teams of machine learning experts to really try to trace some of these coins and what the identity is.”
Linda Xie May 5, 2018 ▶ 19:08 An Intro to Crypto: Building Blocks
May 5, 2018 neutral
Assertion Supported
Linda Xie: Bitcoin and Ethereum are pseudonymous, not anonymous
“There's this misconception that Bitcoin and Ethereum are anonymous. Well, that's actually not true. They're pseudonymous, which means it doesn't use the real identity.”
Linda Xie May 5, 2018 ▶ 18:18 An Intro to Crypto: Building Blocks
May 5, 2018 neutral
Assertion Supported
Ethereum founders raised $18 million in Bitcoin crowdsale
“The Ethereum founders raised eighteen million dollars in Bitcoin in an initial crowd sale.”
Linda Xie May 5, 2018 ▶ 9:10 An Intro to Crypto: Building Blocks
Jul 15, 2018 bullish
Disclosure
Stark: VCs laughed at Lightning Labs before the 2017 crypto shift
“So recently I was quoted as saying we're back in a Bitcoin, not blockchain world because so back when I was fundraising for my company, Lightning Labs nobody cared about Bitcoin and cryptocurrency. People would laugh us away. They wouldn't take meetings with u…”
Elizabeth Stark Jul 15, 2018 ▶ 11:53 An Intro to Crypto: Decentralization, the Big Picture
Jul 15, 2018 positive
Assertion Not checkable as stated
Stark: Bitcoin is leaderless because Satoshi Nakamoto departed early
“Bitcoin is not ruled by a benevolent dictator. So Satoshi, the creator of Bitcoin actually left the community in very early and has not been seen since. One thing that I think is really fascinating is that there is no leader.”
Elizabeth Stark Jul 15, 2018 ▶ 38:07 An Intro to Crypto: Decentralization, the Big Picture
Jul 26, 2018 bullish
Prediction Not checkable as stated
Yahya: Crypto networks with lower security than Bitcoin will emerge
“So certain blockchains, like say, like the Bitcoin meme is that Bitcoin is fully decentralized and is extremely secure, secure to the point at which it'll be resilient even against attacks by nation states like China. But there are applications out there that …”
Ali Yahya Jul 26, 2018 ▶ 42:14 Crypto and Decentralization: Building Blocks
Jul 26, 2018 bullish
Insight
Dixon: Crypto networks are fundamentally a new type of computer
“You know, being kind of, being technology focused, we kind of, we like to look at it or one way we like to look at it is as a, as you can think of a crypto network like Ethereum or Bitcoin or one of the many other new innovative, you know, networks out there a…”
Chris Dixon Jul 26, 2018 ▶ 1:22 Crypto and Decentralization: Building Blocks
Jul 26, 2018 positive
Assertion Not checkable as stated
Ali Yahya: Bitcoin and Ethereum emerged from bottom-up community collaboration
“Ethereum Bitcoin to a considerable degree emerged out of communities working together as opposed to necessarily a top-down monolithic design that's imposed upon an organization or a group of people who are working together by a single person or a small group o…”
Ali Yahya Jul 26, 2018 ▶ 2:10 Cryptonetworks and Cities: Analogies
Jul 26, 2018 neutral
Assertion Not checkable as stated
Ali Yahya: Bitcoin is organized around digital gold, Ethereum around technology
“But in the case of Bitcoin, or at least the later form of Bitcoin, the current Bitcoin, the shared meme seems to be fixed supply, store of value, digital gold. In the case of Ethereum, it's more of a meme around technology. Say we're building a technology, it'…”
Ali Yahya Jul 26, 2018 ▶ 35:19 Cryptonetworks and Cities: Analogies
Nov 2, 2018 bullish
Assertion Not checkable as stated
Haun: Blockchains cannot function without cryptocurrency economic incentives
“Blockchain doesn't work without Bitcoin, because you need an economic incentive to keep that network running and those services up.”
Catherine (Katie) Haun Nov 2, 2018 ▶ 29:36 3 Common Myths People Have About Crypto
Nov 2, 2018 positive
Assertion Supported
Haun: Darknet share of Bitcoin transactions dropped from 30% to 1%
“At its peak in 2012, 30% of bitcoin transaction volume, 30%, was associated with dark net markets. Marketplaces like Silk Road or Alpha Bay. And we typically, of course, associate dark net markets with criminal activity. But by 2018, that number is down to one…”
Catherine (Katie) Haun Nov 2, 2018 ▶ 3:54 3 Common Myths People Have About Crypto
Nov 2, 2018
Assertion Supported
Haun: The DOJ asked her to prepare a case against Bitcoin
“And I was a federal prosecutor with the United States Department of Justice at that time. And I was asked to prepare a case against Bitcoin.”
Catherine (Katie) Haun Nov 2, 2018 ▶ 0:55 3 Common Myths People Have About Crypto
Nov 2, 2018 bullish
Assertion Not checkable as stated
Haun: Bitso processed 16 million in US-Mexico Bitcoin payments last year
“In fact, the CEO of Bitso, the founder and CEO of Bitso here in Mexico, told me that last year, in Bitcoin payments alone, not all cryptocurrency, just Bitcoin, He processed sixteen million Bitcoin coming between the US and Mexico.”
Catherine (Katie) Haun Nov 2, 2018 ▶ 20:17 3 Common Myths People Have About Crypto
Nov 2, 2018 positive
Insight
Haun: Cryptocurrency is one of the worst tools for covering criminal tracks
“If you wanted to cover your tracks and you were a good criminal, Bitcoin or cryptocurrency is one of the last things you should use.”
Catherine (Katie) Haun Nov 2, 2018 ▶ 5:17 3 Common Myths People Have About Crypto
Nov 2, 2018 bearish
Prediction Not checkable as stated
Krugman: Governments will quickly strip away crypto freedom if Bitcoin becomes serious
“And if Bitcoin became really a serious, well, ok, it you'd be amazed at how quickly whatever freedom you think you're getting via the blockchain would disappear.”
Paul Krugman Nov 2, 2018 ▶ 15:30 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 negative
Assertion Partly supported
Krugman: Bitcoin transactions are expensive and difficult to execute
“And it is in fact expensive to make transactions. It's, ah, the, ah, the actual implementation of the blockchain is, ah, ah, is one that is hard. It's hard to do transactions in Bitcoin.”
Paul Krugman Nov 2, 2018 ▶ 7:04 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 neutral
Opinion
Krugman: Best bull case for Bitcoin is acting like cash hoards
“The best argument I could possibly be persuaded for on, on the question of Bitcoin Is that Bitcoin will become like gold or high denomination notes. It'll be something that people hold in their stashes in, in in Buenos Aires, or actually high denomination euro…”
Paul Krugman Nov 2, 2018 ▶ 20:51 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 bearish
Prediction Not checkable as stated
Krugman: Significant probability Bitcoin's value eventually drops to zero
“Now, I'm not a hundred percent sure of that, but maybe, ah, ah, but I think that there's a certainly a, I would say a quite significant probability that the whole thing just drops to zero, ah, because I have not yet seen any reason why this has to be a valuabl…”
Paul Krugman Nov 2, 2018 ▶ 23:40 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 bearish
Prediction Not checkable as stated
Krugman: Bitcoin mining costs will always expand to extreme levels
“Bitcoin circulation will always expand to drive the cost of producing a Bitcoin up to the point of being insane.”
Paul Krugman Nov 2, 2018 ▶ 16:58 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 negative
Opinion
Krugman: Crypto replaces institutional trust with digital gold-biting
“So, the interesting thing about all of this shift to cryptocurrency is it's saying, let's throw away This technology, it's more, it's a social technology rather than a, you know, a mathematical technology, but let's throw away the social technology of repeated…”
Paul Krugman Nov 2, 2018 ▶ 11:15 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 negative
Assertion Supported
Krugman: Bitcoin consumes real resources like computing power and electricity
“The striking thing about Bitcoin is that it sets up a system in which, ah, first of all, ah, the creation of this currency involves a lot of real resources. We're actually spending a lot of resources now computing power or electricity to generate this, much as…”
Paul Krugman Nov 2, 2018 ▶ 6:38 A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
Nov 2, 2018 bearish
Opinion
Paul Krugman argues Bitcoin mining energy efficiency gains are self-defeating
“Bitcoin is what people are owning now in large value, and any gains in energy efficiency just gets swallowed up very quickly. You just push further into that margin, and it, ah, it, it's, ah, it's a self-defeating form of progress.”
Paul Krugman Nov 2, 2018 ▶ 6:36 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 bearish
Assertion Supported
Paul Krugman notes Bitcoin daily transaction volume peaked in early 2018
“As best we can tell, the dollar value of bitcoin transactions peaked at the beginning of this year, and that's actually fallen substantially since then.”
Paul Krugman Nov 2, 2018 ▶ 4:40 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 bearish
Opinion
Paul Krugman sees no sign Bitcoin is becoming a widespread payment method
“There's very little sign that it is becoming any kind of widespread means of payment, and that's 10 years on.”
Paul Krugman Nov 2, 2018 ▶ 4:51 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 bearish
Assertion Contradicted
Paul Krugman estimates daily Bitcoin transaction volume is under $1 billion
“It looks like there's something like five hundred million to a billion dollars worth of transactions, ah, a day in Bitcoin.”
Paul Krugman Nov 2, 2018 ▶ 4:17 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 positive
Assertion Partly supported
Katie Haun cites study claiming one in three millennials prefers cryptocurrency
“There was a study I saw and I can't cite you the source, but it said that one out of three And this is in the United States. One out of three millennials would rather own Bitcoin or cryptocurrencies than stocks.”
Katie Haun Nov 2, 2018 ▶ 15:00 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 bearish
Opinion
Paul Krugman says uninformed retail investors are getting ripped off in crypto
“My barber actually did ask me if he should put all of his money in Bitcoin. So this is not, this stuff is not hypothetical, it's for real, and there's a lot of, Uninformed people getting ripped off.”
Paul Krugman Nov 2, 2018 ▶ 27:45 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 positive
Assertion Supported
Katie Haun argues Bitcoin price volatility is lessening over time
“I think now what we're seeing is the price is, the volatility is lessening, and I grant you, there's still a lot of volatility.”
Katie Haun Nov 2, 2018 ▶ 3:33 Debating Crypto: Katie Haun vs. Paul Krugman
Nov 2, 2018 neutral
Assertion Not checkable as stated
Katie Haun concedes Bitcoin's main use is not peer-to-peer payments
“Satoshi's white paper says it's an electronic peer-to-peer cashless system for payments. Right. For payments, and I would grant you that it's right now, it's main use is, it's certainly not that.”
Katie Haun Nov 2, 2018 ▶ 5:49 Debating Crypto: Katie Haun vs. Paul Krugman
Dec 15, 2018 neutral
Disclosure
DOJ tasked prosecutor Katie Haun with shutting down Bitcoin in 2012
“The first time I ever heard the word Bitcoin was back in 2012 when I was a federal prosecutor at the US Department of Justice. And I heard the word Bitcoin because I was asked to prepare an investigation and a case against it and to help shut it down.”
Katie Haun Dec 15, 2018 ▶ 0:32 Crypto, Beyond Silk Road
Dec 15, 2018
Assertion Partly supported
Darknet Bitcoin transactions dropped from 30% in 2012 to under 1%
“In 2012, 30% of Bitcoin transaction value was associated with dark net markets like Alphabay or Silk Road, but by 2018, that number is down to less than one percent.”
Katie Haun Dec 15, 2018 ▶ 19:55 Crypto, Beyond Silk Road
Dec 15, 2018
Assertion Partly supported
Informant sold government investigation data to Silk Road founder for Bitcoin
“French Maid was selling DPR information into the government's investigation for hundreds of thousands of dollars of Bitcoin.”
Katie Haun Dec 15, 2018 ▶ 5:54 Crypto, Beyond Silk Road
Dec 15, 2018 bullish
Opinion
Katie Haun: Shutting down Bitcoin is like shutting down the internet
“This was one of the early misconceptions out there about cryptocurrency, that you could shut something down like Bitcoin. That would be like saying, let's go shut down cash or the internet. Not only not possible, but also not desirable.”
Katie Haun Dec 15, 2018 ▶ 0:52 Crypto, Beyond Silk Road
Dec 15, 2018
Assertion Supported
Robert Mueller traced Bitcoin payments to Russian GRU operatives
“In fact, even special counsel Robert Mueller traced Bitcoin payments to Russian GRU operatives in the election interference case.”
Katie Haun Dec 15, 2018 ▶ 17:46 Crypto, Beyond Silk Road
Dec 15, 2018
Assertion Supported
21,000 Bitcoin disappeared overnight from Silk Road vendor accounts in 2013
“Overnight, 21,000 Bitcoin, worth today about a hundred and fifty million dollars, went missing from Silk Road vendor accounts overnight.”
Katie Haun Dec 15, 2018 ▶ 6:13 Crypto, Beyond Silk Road
Dec 16, 2018 positive
Insight
Yahya: Proof of work aligns incentives among mutually distrustful network participants
“The insight is that you have to contribute something to the network in order to get to vote and to get paid. The result is an elegant incentive structure that encourages mutually distrustful participants to keep each other in check.”
Ali Yahya Dec 16, 2018 ▶ 17:36 Crypto, the Future of Trust
Dec 16, 2018 positive
Opinion
Yahya: DAI offers Bitcoin's advantages with price stability for hyperinflationary economies
“Now, the beauty of DAI as a cryptocurrency is that it has all of the advantages of Bitcoin, but it is also a price table, and it is because of that stability that it is a credible digital alternative to fiat in countries where hyperinflation is a problem or fo…”
Ali Yahya Dec 16, 2018 ▶ 20:16 Crypto, the Future of Trust
Dec 16, 2018 positive
Insight
Yahya: Bitcoin's incentive structure enables self-policing network security
“The genius of Bitcoin is an incentive structure that helps the network be self-policing, and thus makes it secure.”
Ali Yahya Dec 16, 2018 ▶ 15:48 Crypto, the Future of Trust
Dec 21, 2018 bullish
Insight
Armstrong: Bitcoin is a global value protocol as big as the internet
“The Internet was such a transformative thing in society. It's this global decentralized protocol for moving information around. But here was another protocol that was also global and decentralized, but it was for moving value around, or money. And I remember t…”
Brian Armstrong Dec 21, 2018 ▶ 3:07 Company Building in Crypto: A Conversation between Brian Armstrong and Chris Dixon
Jan 2, 2019 neutral
Assertion Partly supported
Balaji: Worldwide Bitcoin users total three to five million
“Probably the number of worldwide users of Bitcoin is on the order of, like, three million-ish, maybe five million.”
Balaji Srinivasan Jan 2, 2019 ▶ 1:01 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bullish
Prediction Not checkable as stated
Balaji: Bitcoin white pages services are essential for mainstream adoption
“I think some service like that, like a white pages for Bitcoin, is going to be important to make it more accessible to normal people and integrate it with existing social services and bootstrap from that.”
Balaji Srinivasan Jan 2, 2019 ▶ 6:50 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bearish
Prediction Not checkable as stated
Balaji: Apple's Bitcoin ban will drive users off iOS within three years
“Like, you know, locking down Bitcoin on the iOS platform is going to be, I think, seen in like three years as one of the more short-sighted things that, that could be done. Because it's going to be so, such a big deal. And so it's the kind of thing that could …”
Balaji Srinivasan Jan 2, 2019 ▶ 3:31 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bullish
Opinion
Balaji: Mt. Gox collapse will be viewed as a historical speed bump
“I think you know, that's, that'll be viewed as a historical speed bump, really. I think that Bitcoin is an international phenomenon, and the momentum behind it is just so strong.”
Balaji Srinivasan Jan 2, 2019 ▶ 0:33 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bullish
Prediction Not checkable as stated
Balaji: Fee reduction in payments will be Bitcoin's primary application
“So payments, I think, and just reducing credit card payments is one definitely major application over the next few years.”
Balaji Srinivasan Jan 2, 2019 ▶ 2:29 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bullish
Prediction Not checkable as stated
Balaji: Bitcoin will reach one billion users and 1,000x growth
“Ultimately, you know, you're gonna get to ten million, then a hundred million, then maybe a billion Bitcoin users, and so you've got, like, room for a thousand X growth left.”
Balaji Srinivasan Jan 2, 2019 ▶ 1:09 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 neutral
Assertion Not checkable as stated
Dixon: Bitcoin was likely created by a group, not an individual
“Which actually makes me think it had to be a group, almost, because, like, the game theory it out against all the different attacks.”
Chris Dixon Jan 2, 2019 ▶ 13:09 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 bullish
Insight
Balaji: Bitcoin is inherently viral because payment recipients must install wallets
“Bitcoin is inherently viral, like PayPal, like email, like Skype, like Facebook, because when you send Bitcoin to somebody else, you're telling them, download the Bitcoin client.”
Balaji Srinivasan Jan 2, 2019 ▶ 7:00 a16z Podcast | The State of the Bitcoin Ecosystem, and a Theory on Satoshi
Jan 2, 2019 neutral
Insight
Regulatory barriers delay hard tech compared to consumer software
“There are applications in genomics and, you know, drones and Bitcoin and three printing and things like that that do run into regulatory challenges. And so you know, some of the reason that people see these things that are perceived as fluff that, that, you kn…”
Balaji Srinivasan Jan 2, 2019 ▶ 1:10 a16z Podcast | Where is the Technology That "Matters?" Right Here
Jan 2, 2019 bullish
Assertion Supported
Goldman Sachs estimated Bitcoin could save consumers $200 billion
“For example, even as like 12 months ago, even 18 months ago, people were calling Bitcoin an imaginary currency for crazy people on the internet. And now Goldman Sachs is saying it can save people two hundred billion dollars.”
Balaji Srinivasan Jan 2, 2019 ▶ 5:39 a16z Podcast | Where is the Technology That "Matters?" Right Here
Jan 2, 2019 bullish
Prediction Not checkable as stated
Bitcoin wallet adoption will enable a new software platform
“I think one of those things is probably going to be Bitcoin, like getting lots of people Bitcoin wallets, because you can deploy all kinds of software on top of that once they have Bitcoin wallets, so.”
Balaji Srinivasan Jan 2, 2019 ▶ 14:44 a16z Podcast | Where is the Technology That "Matters?" Right Here
Jan 2, 2019 bullish
Prediction Not checkable as stated
Dixon: Bitcoin will evolve into an underlying transmission protocol layer
“It very well could be that Bitcoin evolves in a way that I think it will. It'll be sort of a transmission protocol layer”
Chris Dixon Jan 2, 2019 ▶ 28:03 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 neutral
Insight
Dixon: Fixed asset supply does not guarantee perpetual price growth
“People say, because there's only so many of them, the price will always go up, but we have so many counters, like gold, for example, I don't think anyone thinks gold will always go up. There's plenty of examples of things with fixed quantities where the price …”
Chris Dixon Jan 2, 2019 ▶ 28:38 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 bullish
Prediction Not checkable as stated
Felten: Bitcoin will become too large for traditional regulators to disrupt
“I think a lot of people in the sort of old school finance, finance and financial regulation world just think this whole thing is a bubble and will go away if they ignore it. I don't think that's true, and I think that as they wake up, they may start looking at…”
Ed Felten Jan 2, 2019 ▶ 10:51 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 neutral
Assertion Supported
Felten: Bitcoin's 21 million supply cap is changeable by community consensus
“Right now the monetary policy is grow asymptotically to twenty-one million Bitcoins, but that could change by consensus of the community. That twenty-one million limit is not inherent mathematically. It's just a number that is hardwired into the currently used…”
Ed Felten Jan 2, 2019 ▶ 26:02 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 negative
Opinion
Dixon: Paul Krugman makes basic mistakes and hasn't read the whitepaper
“You read, like, Paul Krugman or something, and they just, he makes very basic mistakes about Bitcoin, and clearly has not read the paper, and so it's hard to take those seriously”
Chris Dixon Jan 2, 2019 ▶ 27:35 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 bullish
Prediction Held up
Felten: Bitcoin volatility will decrease as adoption and liquidity grow
“I think the exchange rate of Bitcoin will settle down if it grows. You get more liquidity in the market, and you get more sophisticated economic modeling of what the fair price is. And then I think the volatility goes down somewhat.”
Ed Felten Jan 2, 2019 ▶ 21:12 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 neutral
Assertion Supported
Dixon: Non-speculative Bitcoin payment transaction growth is linear, not exponential
“The best data I've seen is the transaction volume has gone up, the non-speculative, like, the payment transaction volume, it's not exponential, though, it's linear.”
Chris Dixon Jan 2, 2019 ▶ 22:32 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 bullish
Assertion Not checkable as stated
Dixon: 10,000 top software developers are building on Bitcoin
“There's sort of 10,000 of the best software developers in the world are building stuff on Bitcoin”
Chris Dixon Jan 2, 2019 ▶ 16:36 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019
Disclosure
Green: Bitcoin core developers rejected early, inefficient versions of Zerocoin
“So we actually, when we initially came out with zero coin, it was not very efficient. We approached Bitcoin and said, Hey, this is great. You guys should adopt it. And they kind of looked at it as funny and they said, you know, this is not efficient.”
Matthew Green Jan 2, 2019 ▶ 2:50 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 neutral
Prediction Not checkable as stated
Dixon: Crypto UX will mirror email's corporate layer over open protocols
“I think that you'll end up in a situation like, probably like email, where you sort of depend on a corporation, but also are reassured that you can always opt out.”
Chris Dixon Jan 2, 2019 ▶ 15:33 a16z Podcast | Beyond Bitcoin -- The Blockchain
Jan 2, 2019 neutral
Insight
Choksi: Users care about Bitcoin's interface and utility, not mechanics
“I'm not convinced that people actually need to really even know what Bitcoin is. I mean, for, at the end of the day, for an end user, you just care about the GUI and the interface to the information, and is it easy to use, and am I getting what I need out of i…”
Sonal Chokshi Jan 2, 2019 ▶ 10:46 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 bullish
Insight
Casey: Bitcoin's primary use case is developing world remittances
“There's a sort of a consensus, really, that the biggest use case is, is sort of resolving the problems of the developing world, where there's a lot of You know, it's very expensive to move money, send remittances, and there's a lot of people who literally don'…”
Michael Casey Jan 2, 2019 ▶ 20:55 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 bullish
Insight
Vigna: Bitcoin diffuses centralized financial power across broader society
“What I think Bitcoin can do is take that power of the currency and diffuse it. A decentralized system where people really can be their own bank if you want to, or you can use a certain, you know, it takes that concentrated power and it diffuses it among the br…”
Paul Vigna Jan 2, 2019 ▶ 15:27 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 positive
What-if
Vigna: The 2008 financial crisis spurred Bitcoin's rapid early growth
“It helped it because I think that that's part of the reason why it's grown so much faster than other technologies would have.”
Paul Vigna Jan 2, 2019 ▶ 13:41 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 positive
Insight
Vigna outlines the five psychological stages of Bitcoin adoption
“The stages, it's, you know, it's dismissal, it's disdain. Your first one is disdain. Disdain, dismissal, curiosity. The fourth one is actually the key. The fourth one is the aha moment, the eureka moment, and we played around with, I wanted to call it the oh f…”
Paul Vigna Jan 2, 2019 ▶ 1:28 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 neutral
Insight
Casey: Interest in developing world Bitcoin adoption is top-down, not bottom-up
“As to whether that's actually sort of coming from there, the interest, it's kind of, it's a top-down level of interest rather than bottom-up.”
Michael Casey Jan 2, 2019 ▶ 21:58 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 neutral
Prediction Not checkable as stated
Vigna: Mainstream Bitcoin trust requires time to prove stability
“Until Bitcoin proves itself over time to be a stable, reliable store of value, a platform, a good platform, people won't trust it. I mean, it just, it literally is just a time element of this thing proving itself.”
Paul Vigna Jan 2, 2019 ▶ 9:27 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 neutral
Opinion
Casey: Wall Street sits between dismissal and curiosity on Bitcoin
“Wall Street, of course, is a, you know, huge, amorphous mass of people but if you were to kind of collectivize the thinking, I think they're possibly on the border of, they're not at the oh fuck moment... Ultimately, I think that they're at, The third stage. I…”
Michael Casey Jan 2, 2019 ▶ 2:32 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 negative
Insight
Casey: Framing Bitcoin as a 'trustless' system is a problematic mistake
“One of the reasons why I think they struggle with that is because they've come up with this meme that I think is actually problematic, and that is that there's no, we're a trustless activity. We don't need trust anymore. It's like, no, no, you absolutely do ne…”
Michael Casey Jan 2, 2019 ▶ 8:46 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 bullish
Insight
Casey: Bitcoin replaces central intermediaries with community blockchain consensus
“Bitcoin is a solution to that, because it outsources that role, that intermediation of trust, to the entire community. And it finds a, you know, a fascinating, unique instrument that, you know, that is the blockchain and the consensus process through which the…”
Michael Casey Jan 2, 2019 ▶ 7:28 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019 negative
Insight
Mountain View is poorly suited for heavily regulated frontier tech startups
“Like if you wanted to build a company that operates drones and trades in Bitcoin while doing that and maybe layer something, I don't know, stem cells into that mixer or something, it's very unlikely that you should create that company in Mountain View.”
Sten Tamkivi Jan 2, 2019 ▶ 12:43 a16z Podcast | Software and Overcoming the Randomness of Birthplace
Jan 2, 2019 positive
Opinion
Popper: Storytelling ability drove Wences Casares' success and influence in Bitcoin
“Wences as an entrepreneur is fascinating because he is so good at telling stories, and I think that's a big part of the reason he has managed to influence Bitcoin the way that he has, and the way, and that he has managed to build the companies that he has, bec…”
Nathaniel Popper Jan 2, 2019 ▶ 20:38 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 positive
Assertion Not checkable as stated
Popper: Argentina's High Tech Literacy Enabled Early Bitcoin Adoption
“I think that what Argentina has that a lot of other places don't have with dysfunctional economies is a very well-educated, literate tech-savvy population that, that knew how to embrace this technology and that had the skills to do that and a comfort with, The…”
Nathaniel Popper Jan 2, 2019 ▶ 4:38 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 bullish
Prediction Not checkable as stated
Popper: Improved infrastructure will allow Bitcoin to compete globally like in Argentina
“When you look at it, there are a lot of lessons to be drawn for how it might be used elsewhere once, once the technology, once the protocol, once the code, once the infrastructure is improved, it will be able to compete in other places in similar ways”
Nathaniel Popper Jan 2, 2019 ▶ 2:40 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 negative
Assertion Not checkable as stated
Popper: Major Bitcoin crises stemmed from uninsured centralized custodians
“Many of the crises that have hit Bitcoin Have been as a result of people trusting their bitcoins with some central institution that was essentially allowed to hold their money in the same way that a bank does, but without any insurance.”
Nathaniel Popper Jan 2, 2019 ▶ 8:39 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 negative
Assertion Supported
Popper: Bitcoin is not ready to serve as a mainstream currency
“It's pretty clear that at this point, Bitcoin is not ready for prime time in that way. There are sort of basic problems with the protocol, with the number of transactions that can go through the system, and significant improvements that need to be made before …”
Nathaniel Popper Jan 2, 2019 ▶ 6:32 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 bearish
Prediction Not checkable as stated
Popper: Bitcoin's advantages in Argentina will diminish if inflation and currency controls end
“If the government does away with that, if the government begins to deal with inflation, then the advantages of Bitcoin are going to become a lot less significant.”
Nathaniel Popper Jan 2, 2019 ▶ 14:06 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 neutral
Prediction Not checkable as stated
Popper: Mainstream Bitcoin adoption will take 5 to 10 years
“And I think the people who are kind of really in the trenches working on this recognize that this sort of thing takes five, 10 years, and, you know, Wences often would say that to me when I was talking to him in the course of reporting on this book that, you k…”
Nathaniel Popper Jan 2, 2019 ▶ 7:26 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 neutral
Opinion
Popper: Argentina is not the future or model for broader Bitcoin adoption
“I wouldn't argue that Argentina is the future of Bitcoin, or Argentina is paving the way for Bitcoin, you know, broader adoption by ordinary people. I just think it's a great experiment to watch, because it's the place where people are trying that right now”
Nathaniel Popper Jan 2, 2019 ▶ 15:46 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019
What-if
Popper: Bitcoin code would have died quietly without early adopters
“The code in itself would have died a quiet death if it were not for all of the people in this book”
Nathaniel Popper Jan 2, 2019 ▶ 19:31 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 positive
Assertion Not checkable as stated
Popper: Argentina is the only country where ordinary citizens use Bitcoin commercially
“And in Argentina, as I mentioned, as you mentioned, is really the one place where I saw that happening, where I saw ordinary people who didn't have any political motivations, didn't really understand the technology using Bitcoin because it allowed them to do s…”
Nathaniel Popper Jan 2, 2019 ▶ 1:20 a16z Podcast | Which Bitcoin Players Matter?
Jan 2, 2019 bullish
Opinion
Dixon: Bitcoin's greatest value is enabling new payment types
“I personally am much more excited about the latter kind for Bitcoin. In other words, I'm more excited about new ways that you can use Bitcoin and pay for things that you couldn't before. So for example, micro payments, machine to machine payments, versus save …”
Chris Dixon Jan 2, 2019 ▶ 16:09 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 positive
Insight
Hearn: Micro-tipping accelerates adoption by introducing users to spending Bitcoin
“Tipping has been really great for this as well, because, you know, people can receive a tip without even really expecting it, and then suddenly they feel like, hey, I've actually got some money, I could go down to a local cafe and buy myself a drink, and it's …”
Mike Hearn Jan 2, 2019 ▶ 15:19 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019
Assertion Supported
Hearn: Satoshi set Bitcoin's 1MB limit when blocks were under 10KB
“He imposed a maximum one megabyte block size, and as there's one block every 10 minutes on average, that's, you know, you can calculate a maximum transaction rate from that. And at the time he put it in, we were around, you know, less than 10 kilobytes per blo…”
Mike Hearn Jan 2, 2019 ▶ 1:55 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 bearish
Assertion Not checkable as stated
Hearn: M-Pesa cannot support cross-border transactions, creating opportunity for Bitcoin
“The moment they want to trade across borders, systems like Impeza don't even work either. So there's a real niche, well, not even a niche, right? There's a real serious need for many people that Bitcoin can meet there.”
Mike Hearn Jan 2, 2019 ▶ 20:31 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 negative
Prediction Held up
Hearn: Reaching Bitcoin capacity limits will kick users out of the system
“At worst, things break quite badly, but even at best, even if things don't break, some users won't be able to use Bitcoin, right? They will be kicked out of the system, effectively. There won't be enough capacity to handle them.”
Mike Hearn Jan 2, 2019 ▶ 3:22 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 bearish
Prediction Held up
Hearn: Bitcoin will hit its 1MB block size limit next year
“And we're now at more like half of that block size, and it, you know, as traffic is growing, it looks like we might start hitting that limit sometime next year.”
Mike Hearn Jan 2, 2019 ▶ 2:10 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 positive
Assertion Supported
Hearn: Lighthouse pledges stay under user control until target is met
“Lighthouse is a completely peer-to-peer and Decentralized approach. So you can actually pledge money to a project in such a way that it stays under your control until the moment that the project has raised the full amount.”
Mike Hearn Jan 2, 2019 ▶ 6:04 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 neutral
Insight
Hearn: Western Bitcoin adoption suffers from poor messaging, not lack of utility
“If you're in the West and you have access to, you know, credit card payments and so on, it's not always clear why you would want to use Bitcoin, but that's not because there aren't good reasons, it's because we're not doing a good job of, like, telling people …”
Mike Hearn Jan 2, 2019 ▶ 14:52 a16z Podcast | Bitcoin's Growing Pains -- and Possibilities
Jan 2, 2019 bullish
Opinion
Armstrong: Every investor should own one Bitcoin to learn about cryptocurrency
“Should every investor own maybe one Bitcoin? Yes, I think they should. And the reason is not so much as an investment. It's to start learning about this technology Which will be a major influence on finance in the future.”
Brian Armstrong Jan 2, 2019 ▶ 2:11 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Not checkable as stated
Armstrong: Bitcoin's sidechain upgrade mechanism ensures long-term survival
“It's a very high-risk upgrade because a lot of those things haven't been tested at scale before, and so it's really awesome to see Bitcoin have a mechanism for upgrades essentially built into it, which gives me a lot more confidence that it'll survive the test…”
Brian Armstrong Jan 2, 2019 ▶ 32:30 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 neutral
Assertion Contradicted
Armstrong: Bitcoin volatility decreased every year for three years
“We've seen volatility drop every year for the last three years.”
Brian Armstrong Jan 2, 2019 ▶ 16:11 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019
Insight
Armstrong: Irrecoverable password loss is a non-starter for crypto revolution
“If people forget their password and all their money's gone, that's kind of a non-starter for a real financial revolution to happen.”
Brian Armstrong Jan 2, 2019 ▶ 19:38 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Not checkable as stated
Armstrong: Mainstream merchants like Starbucks will eventually accept Bitcoin
“Now, someday, if the world, if Bitcoin becomes more and more popular, like we all think it will then yes, even the Starbucks across the street will be accepting Bitcoin, because they still don't want to pay two percent, they'd rather pay a fraction of one perc…”
Brian Armstrong Jan 2, 2019 ▶ 28:09 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Insight
Mims: Bank adoption signals Bitcoin has real commercial potential
“And I see a lot of early adopters especially among banks, and that, to me, is always a sign that this is going somewhere real, because they're not gonna spend all their money and analyst time on things that aren't gonna make them money,”
Christopher Mims Jan 2, 2019 ▶ 33:18 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Disclosure
Armstrong: I am long Bitcoin and dollar-cost average my purchases
“Personally, yes, I'm long Bitcoin. I buy Bitcoin. I, I'm not too concerned about the price day to day. I tend to dollar cost, average it over a long period of time.”
Brian Armstrong Jan 2, 2019 ▶ 17:01 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Held up
Armstrong: Bitcoin-native applications will create multi-billion dollar companies
“So, these are very small today, but I think in the future some of these will end up being many multi-billion dollar companies and systems.”
Brian Armstrong Jan 2, 2019 ▶ 7:19 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Opinion
Armstrong: Bitcoin is the only way to build global, permissionless prediction markets
“Or if you want to build a global crowdfunding site, or a prediction market, or something like that, where people all over the world without having to register can, within a couple seconds, put money into this thing, or see it tip, It's like literally the only …”
Brian Armstrong Jan 2, 2019 ▶ 27:10 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Assertion Supported
Armstrong: Bitcoin GitHub repositories outpace traditional payment systems like PayPal
“There's about 6000 total to date, which is outpacing the number of GitHub repositories for other common payment systems like PayPal.”
Brian Armstrong Jan 2, 2019 ▶ 8:56 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 neutral
Prediction Not checkable as stated
Armstrong: Bitcoin mainstream adoption will be gradual, not a single breakthrough
“Is there going to be some moment where bitcoin just suddenly is mainstream? No, I don't think so. I think it's going to be, you know, a series of lots of small things that happen over time.”
Brian Armstrong Jan 2, 2019 ▶ 20:18 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Not checkable as stated
Armstrong: Bitcoin will be the sole currency used on the blockchain
“I think Bitcoin will be the currency that, that everyone ends up using on the blockchain, and they probably don't quite understand what they're saying when they say that.”
Brian Armstrong Jan 2, 2019 ▶ 14:02 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Not checkable as stated
Armstrong: Bitcoin usage will invert to 80% payments and 20% speculation
“And I think over time what'll happen is that those two percentages will shift. The 80% will end up becoming the 20% speculative asset, and it'll be 80% payment network actually happening.”
Brian Armstrong Jan 2, 2019 ▶ 14:55 a16z Podcast | Bitcoin, Greece, and What’s Next for Cryptocurrency
Jan 2, 2019 bullish
Prediction Not checkable as stated
Andreessen: Bitcoin technology will be a big deal globally
“Digital assets can basically, Bitcoin is basically a platform to be able to exchange those in a trusted way online. And, you know, this is an extremely powerful idea. Like, this idea is very powerful. The technology is very powerful. And this will be a big dea…”
Marc Andreessen Jan 2, 2019 ▶ 16:59 a16z Podcast | Tech's Biggest Ideas and How They Take Hold -- With Marc Andreessen and Dan Siroker
Jan 2, 2019 bullish
Prediction Not checkable as stated
Andreessen: Developing world financial inclusion will drive global Bitcoin adoption
“And so there's a very, very big opportunity to use these new technologies, and those include Bitcoin, and those include smartphones, to really up level the capabilities that people have in, in many countries. And I think that's a big part of how Bitcoin will p…”
Marc Andreessen Jan 2, 2019 ▶ 19:10 a16z Podcast | Tech's Biggest Ideas and How They Take Hold -- With Marc Andreessen and Dan Siroker
Jan 2, 2019 neutral
Assertion Partly supported
Back: Bitcoin blocks are half full, half under one dollar
“The blocks are maybe a third to a half full on average, and if you look at, if you analyze the transactions in the block, about half of them are under a dollar.”
Adam Back Jan 2, 2019 ▶ 4:04 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 neutral
Insight
Back: Bitcoin hard forks require full ecosystem compromise to succeed
“Because of the nature of hard forks where everybody has to upgrade at once, it's essentially, you know, it's essential that all of the participants, including the users, the miners, the ecosystem players providing different kinds of services to users, that the…”
Adam Back Jan 2, 2019 ▶ 18:06 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 neutral
Disclosure
Back proposes scaling Bitcoin block size limit to 8MB over four years
“So the proposal I made was to increase to two megabytes failure immediately, as soon as we can roll out change, which to be clear, any of them would take about six months to roll out. Increase to four megabytes after two years, and eight megabytes after four y…”
Adam Back Jan 2, 2019 ▶ 10:06 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 positive
Opinion
Morkos: Back's proposal provides crucial temporary scaling relief
“I think that's why you know, a proposal like Adams, which sort of gives you that temporary breathing room, and in the long term, more time to implement the right solution, may make a lot of sense.”
Alex Morkos Jan 2, 2019 ▶ 12:34 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019
Assertion Partly supported
Back: Bitcoin soft forks require 95% miner consensus to activate
“These things don't activate until 95% of the miners are upgraded, so, and there's a long window of warning that the upgrade is happening, six months or so.”
Adam Back Jan 2, 2019 ▶ 3:09 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 negative
Prediction Not checkable as stated
Morkos: Non-consensus hard forks could split Bitcoin into two currencies
“You might end up with two separate currencies instead of everybody moving over to the new currencies.”
Alex Morkos Jan 2, 2019 ▶ 6:49 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 neutral
Assertion Not checkable as stated
Back: 99% of Bitcoin transactions occur off the main blockchain
“Estimates are something like currently 99% of them are happening off the blockchain.”
Adam Back Jan 2, 2019 ▶ 13:17 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 negative
Insight
Morkos: Splitting Bitcoin harms users due to monetary network effects
“Everybody would be disadvantaged if the sort of value of Bitcoin was split into two competing currencies. Money has such a strong network effect that you know, that would be bad.”
Alex Morkos Jan 2, 2019 ▶ 15:40 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 positive
Assertion Not checkable as stated
Back: Everyone agrees Bitcoin needs a block size increase
“If we need to increase the block size, which I think everybody agrees with at this point in time.”
Adam Back Jan 2, 2019 ▶ 3:22 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 negative
Assertion Not checkable as stated
Back: Three or four colluding mining companies could influence Bitcoin policy
“You know, it's probably the case that you could, you know, If you could get collaboration from three, four companies in various parts of the world, you could start to apply some policy influence to Bitcoin.”
Adam Back Jan 2, 2019 ▶ 21:13 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 neutral
Insight
Morkos: Bitcoin governance rejects top-down decision-making by industry bigwigs
“No, I don't think the point is to, you know, gather all the bigwigs in the room and make decisions. That's not how a system like Bitcoin works. I mean, everyone makes their own decision, and the idea is to have all the information come together so people can S…”
Alex Morkos Jan 2, 2019 ▶ 23:48 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 bearish
Insight
Back: Massively scaling Bitcoin sacrifices decentralization, turning it into PayPal
“You can scale massively and lose the decentralization, and at that point, Bitcoin loses most of its distinguishing features, and you're left with a kind of PayPal situation With all the things people gripe about with PayPal.”
Adam Back Jan 2, 2019 ▶ 22:01 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 bearish
Prediction Not checkable as stated
Back: Raising Bitcoin block size to 1GB would cause network failure
“If we jumped up the block size to a gigabyte now, security would fail, the network would probably fail.”
Adam Back Jan 2, 2019 ▶ 5:36 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 bullish
Prediction Held up
Back: Lightning Network could scale Bitcoin capacity up to 10,000x
“There's also right now quite active work on this sort of Bitcoin enhancement called lightning, which is a best described as a kind of right caching layer for Bitcoin, which might scale Bitcoin by a factor of a thousand or 10,000.”
Adam Back Jan 2, 2019 ▶ 14:48 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 negative
Assertion Supported
Boneh: Functional quantum computers would break modern internet cryptography and Bitcoin
“All the world of crypto that we use on the internet today, and for Bitcoin as well, ah, would be well, would be broken if someone was able to build a quantum computer.”
Dan Boneh Jan 2, 2019 ▶ 31:23 a16z Podcast | Crypto, Security, CS, Quantum Computing, and More with Our New Professor-in-Residence
Jan 2, 2019 bullish
Opinion
Ludwin: Digital bearer tokens are as significant as Voice over IP
“It's as big a deal as voice over IP.”
Adam Ludwin Jan 2, 2019 ▶ 2:17 a16z Podcast | Blockchain vs/and Bitcoin
Jan 2, 2019 bullish
Prediction Open · timeframe Nov 2020
Ludwin: Bitcoin will never go away as long as the internet exists
“Bitcoin is never going to go away. It will, Bitcoin will never go away. It will live on for as long as the internet lives on.”
Adam Ludwin Jan 2, 2019 ▶ 8:46 a16z Podcast | Blockchain vs/and Bitcoin
Jan 2, 2019 positive
Assertion Contradicted
Adam Ludwin: Bitcoin was the first fully functioning digital asset
“Well, Bitcoin was the first fully functioning digital asset the world has ever seen.”
Adam Ludwin Jan 2, 2019 ▶ 0:38 a16z Podcast | Blockchain vs/and Bitcoin
Jan 2, 2019 neutral
Assertion Partly supported
Ludwin: Chinese investors buying Bitcoin to bypass capital controls caused 2015 rally
“The demand in this case is coming from the Chinese, who are anticipating a currency devaluation, which has been announced and in China, and are using Bitcoin as a means to circumvent capital controls.”
Adam Ludwin Jan 2, 2019 ▶ 10:10 a16z Podcast | Blockchain vs/and Bitcoin
Jan 2, 2019 neutral
Assertion Not checkable as stated
Ludwin: Crypto is moving from colored coins to dedicated networks
“What we're seeing is a shift away from that approach toward building networks from the ground up that are designed for a particular asset.”
Adam Ludwin Jan 2, 2019 ▶ 36:25 a16z Podcast | Blockchain vs/and Bitcoin
Jan 2, 2019
Assertion Contradicted
Paulus: One-third of all Bitcoin ever mined is lost
“Something like one third of every Bitcoin ever mind is, is now lost.”
Mike Paulus Jan 2, 2019 ▶ 7:10 a16z Podcast | Reinventing Insurance
Jan 2, 2019 positive
Assertion Not checkable as stated
Mougayar: Active blockchain networks cannot be stopped
“No, it doesn't matter because the technology is already in the wild. It's already on wheels. It's flying. It's a nonstop kind of set of computers. Blockchains, once, once you turn them on and they are bona fide blockchains, it's, that's it. They cannot be stop…”
William Mougayar Jan 2, 2019 ▶ 38:01 a16z Podcast | Banking on the Blockchain
Jan 2, 2019 positive
Insight
Srinivasan: Bitcoin excels at extreme or automated transactions
“Bitcoin as opposed to blockchain, but Bitcoin is good for transactions that are very large, very small, very fast, very international, or very automated.”
Balaji Srinivasan Jan 2, 2019 ▶ 45:44 a16z Podcast | Startups and Pendulum Swings Through Ideas, Time, Fame, and Money
Jan 2, 2019 bearish
Prediction Not checkable as stated
Srinivasan: Bitcoin remittances will not beat legacy systems in their first decade
“Remittances are, to Bitcoin, what VoIP was to the internet. In the sense of, it'll work at some point in the first five years or 10 years of the thing, it's not high enough quality with the obvious alternative, namely VoIP versus landlines or remittances versu…”
Balaji Srinivasan Jan 2, 2019 ▶ 45:28 a16z Podcast | Startups and Pendulum Swings Through Ideas, Time, Fame, and Money
Jan 2, 2019 negative
Insight
Ehrsam: Bitcoin's restrictive language prevented developer application building
“And when you ask that question, then you try to sort of do a root cause analysis of it where you ask, okay, well, why aren't there many, that many apps getting built? And I think the answer you arrive at is the scripting language in Bitcoin makes it really, re…”
Fred Ehrsam Jan 2, 2019 ▶ 13:01 a16z Podcast | Ethereum, App Coins, and Beyond
Jan 2, 2019
What-if
Buterin: Adding full scripting early would have collapsed Bitcoin in 2010
“Way that the Bitcoin community would be able to kind of manage itself and all these different things that I can think Satoshi probably definitely would have had way too much on his plate if, you know, we're getting hacks and collapsing in 2010 because all at t…”
Vitalik Buterin Jan 2, 2019 ▶ 11:48 a16z Podcast | Ethereum, App Coins, and Beyond
Jan 2, 2019 bearish
Opinion
Buterin: Ethereum and Bitcoin are useless for many apps due to scalability
“So, you know, Ethereum, Bitcoin, Bitcoin Classic, and Bitcoin with Segwit, like, all four of those are just pretty much completely useless for a lot of what people want to do because the scalability just isn't high enough.”
Vitalik Buterin Jan 2, 2019 ▶ 44:48 a16z Podcast | Ethereum, App Coins, and Beyond
Jan 2, 2019 positive
Assertion Contradicted
Buterin: Building fair lotteries on Bitcoin requires O(N³) collateral versus O(N) on Ethereum
“Like, one of them was they published this at the Financial Cryptography, in the workshop, that they were trying to create a provably fair lottery on top of Bitcoin, and it turns out that if you have N players in the lottery, Then you basically have to have O o…”
Vitalik Buterin Jan 2, 2019 ▶ 13:55 a16z Podcast | Ethereum, App Coins, and Beyond
Jan 2, 2019 negative
Assertion Supported
Buterin: Bitcoin's Protocol Lacks Native State Persistence Across Transactions
“But with Bitcoin itself, you can't do that because the protocol has a kind of inherent Statelessness to it. Like, you can't remember the notion of, well, this guy already withdrew 500 ETH six hours ago, and another 500 ETH two hours ago, so he can't withdraw a…”
Vitalik Buterin Jan 2, 2019 ▶ 6:08 a16z Podcast | Ethereum, App Coins, and Beyond
Jan 2, 2019 bullish
Insight
Carlson-Wee: Token ownership creates fanaticism by combining utility and financial gains
“People in Bitcoin are fanatics, and it's because they not only gain value in a more traditional sense of network effects when the user base grows, they also actually gain wealth from that user base growing.”
Olaf Carlson-Wee Jan 2, 2019 ▶ 9:24 a16z Podcast | Cryptocurrencies, App Coins, and Investing in Protocols
Jan 2, 2019
Assertion Supported
Carlson-Wee: Bitcoin creator holds over $1B in Bitcoin
“I mean, the creator of Bitcoin, whoever he or she or they are, has, you know, over a billion dollars in, in Bitcoin.”
Olaf Carlson-Wee Jan 2, 2019 ▶ 7:20 a16z Podcast | Cryptocurrencies, App Coins, and Investing in Protocols
Jan 2, 2019 positive
Assertion Supported
Carlson-Wee: Ethereum enables features simply not possible on Bitcoin
“So you can build all sorts of more advanced features in Ethereum that are simply not possible with Bitcoin.”
Olaf Carlson-Wee Jan 2, 2019 ▶ 16:43 a16z Podcast | Cryptocurrencies, App Coins, and Investing in Protocols
Jan 2, 2019 positive
Insight
Benet: Bitcoin solved protocol funding by enabling shared ecosystem upside
“Bitcoin came in and gave us the answer, which is you create cryptographic assets that allow everybody in this entire ecosystem to share in the upside of creating this value.”
Juan Benet Jan 2, 2019 ▶ 21:02 a16z Podcast | Getting Applications Into People's Hands
Jan 2, 2019 neutral
What-if
Dixon: Early crypto expected market protocols to use Bitcoin, not new tokens
“It's interesting because four years ago, probably you and I would have thought this might have happened using Bitcoin and not using a new token.”
Chris Dixon Jan 2, 2019 ▶ 11:20 a16z Podcast | Getting Applications Into People's Hands
Jan 2, 2019 positive
Assertion Supported
Dixon: Ethereum proved multiple scaled blockchain networks can coexist
“One, it showed that you could just simply have another Scaled network, right? I think a lot of people just assumed it was gonna be one network to rule them all, network effects, et cetera. So it showed just like an existence proof that you could do another net…”
Chris Dixon Jan 2, 2019 ▶ 21:05 a16z Podcast | Why Crypto Tokens Matter
Jan 2, 2019
Insight
Dixon: Protocol network tokens require a distinct valuation model from digital commodities
“My personal nomenclature, like I think of in the first bucket, the commodity bucket, there's Bitcoin, there's Monero, Zcash, maybe Dash. And then there's this other thing, which is kind of the networks, call them fat protocols, call them tokens. There's this w…”
Chris Dixon Jan 2, 2019 ▶ 31:14 a16z Podcast | Why Crypto Tokens Matter
Jan 2, 2019 neutral
Assertion Supported
Benet: Bitcoin mining energy consumption exceeded Slovenia's total power expenditure
“Yeah, last we calculated it was more power expenditure than all of Slovenia and so, I think it's much more now because of the recent spike, a lot of miners came in in the last couple of months, so it's a lot of power,”
Juan Benet Jan 2, 2019 ▶ 17:59 a16z Podcast | Trends in Cryptocurrencies
Jan 2, 2019 neutral
Insight
Benet: Silicon Valley dismissed Bitcoin by missing its core value of verifiability
“And so it's partly for that reason, I think, that Silicon Valley effectively dismissed a lot of the potential of Bitcoin. It just looks like such the wrong thing. If you could, you know, beat the throughput of Bitcoin with a SQLite database in your phone, why …”
Juan Benet Jan 2, 2019 ▶ 10:03 a16z Podcast | Trends in Cryptocurrencies
Jan 2, 2019 negative
Assertion Not checkable as stated
Dixon: ICOs are not necessary for crypto network success
“There's been so much attention on ICOs that, by the way, you don't need an ICO. Bitcoin never had an ICO. Ethereum had a very, relatively speaking, small one, eighteen million. And I don't think that was a key part of the network success.”
Chris Dixon Jan 2, 2019 ▶ 32:08 a16z Podcast | Mental Models for Understanding Crypto Tokens
Jan 2, 2019 bullish
Insight
Tomaino: Decentralized stablecoins are essential missing middleware in crypto
“The volatility of Bitcoin and Ether are such that they're moving five or 10% in a given day, and no one that's actually using it as a medium of exchange for something or placing bets would actually want to use that, right? So a decentralized stablecoin, in my …”
Nick Tomaino Jan 2, 2019 ▶ 13:10 a16z Podcast | Mental Models for Understanding Crypto Tokens
Jan 2, 2019 negative
Assertion Supported
Tomaino: Hundreds of millions are spent externally securing Bitcoin
“So, you know, hundreds of millions of dollars are being spent external to the network of Bitcoin just to secure the network.”
Nick Tomaino Jan 2, 2019 ▶ 26:07 a16z Podcast | Mental Models for Understanding Crypto Tokens
Jan 2, 2019
Assertion Supported
Tomaino: Ethereum processes 15 TPS, Bitcoin processes 7 TPS
“Ethereum can process roughly 15, Bitcoin roughly seven”
Nick Tomaino Jan 2, 2019 ▶ 20:06 a16z Podcast | Mental Models for Understanding Crypto Tokens
Jan 2, 2019
Assertion Not checkable as stated
Haun: DOJ asked her to help shut down Bitcoin in 2012
“So for me, my story was in 2012, I actually was asked by the Justice Department to help shut down and prosecute Bitcoin.”
Katie Haun Jan 2, 2019 ▶ 31:48 a16z Podcast | The Regulatory Landscape for Crypto
Jan 2, 2019 neutral
Assertion Not checkable as stated
Weisman: Crypto tech is unregulated, but financial applications face existing laws
“The underlying technology is not regulated, and it would be very difficult to regulate, but when you have applications of the technology, some of which we've heard about earlier today, when those applications cross into an area where there is an existing set o…”
Robin Weisman Jan 2, 2019 ▶ 2:54 a16z Podcast | The Regulatory Landscape for Crypto
Jan 2, 2019 neutral
Assertion Supported
Weisman: CFTC ruled Bitcoin is a commodity under its jurisdiction
“And it's been, one of their rulings said that Bitcoin is a commodity, so it falls under their jurisdiction.”
Robin Weisman Jan 2, 2019 ▶ 26:12 a16z Podcast | The Regulatory Landscape for Crypto
Jan 2, 2019 positive
Insight
Yahya: Successful crypto networks emerge bottom-up from community collaboration
“They also tend to emerge in a bottom-up way. They're organized in a bottom-up way. And I think this is a trait that's common to a lot of the crypto networks that are most successful. I think Ethereum Bitcoin to a considerable degree emerged out of communities …”
Ali Yahya Jan 2, 2019 ▶ 2:57 a16z Podcast | Cryptonetworks and Cities -- Analogies
Jan 2, 2019 neutral
Opinion
Yahya: Bitcoin's primary organizing myth is fixed-supply digital gold
“In the case of Bitcoin, or at least the later form of Bitcoin, the current Bitcoin, the shared meme seems to be fixed supply, store of value, digital gold.”
Ali Yahya Jan 2, 2019 ▶ 36:17 a16z Podcast | Cryptonetworks and Cities -- Analogies
Jan 2, 2019
What-if
Wilson: Twitter could have stayed open using a token business model
“If Bitcoin and tokens had existed in 2005 instead of 2009, I think it's very possible that Twitter could have adopted a token-based business model Left the protocol open.”
Fred Wilson Jan 2, 2019 ▶ 35:39 a16z Podcast | Technological Trends, Capital, and Internet 'Disruption'
Jan 2, 2019 bullish
Prediction Not checkable as stated
Dixon: Native internet money will emerge between 2023 and 2028
“And I think at some point, I think over the next five to 10 years, we'll have this sort of internet money, and it'll either be Ethereum or Bitcoin or something, or some stable coin or something else, but”
Chris Dixon Jan 2, 2019 ▶ 17:47 a16z Podcast | Building Crypto, from Vision to Reality
Jan 2, 2019 positive
Opinion
Milenius: Bitcoin behaves as digital gold and improves on physical gold
“Bitcoin, as we've seen, how it's behaved in the wild, it behaves a lot like digital gold, and it's definitely an improvement on physical gold”
Andy Milenius Jan 2, 2019 ▶ 4:30 a16z Podcast | All About Stablecoins
Feb 26, 2019 bearish
Prediction Not checkable as stated
Monegro: Bitcoin will not become a currency for buying coffee
“But I also don't think we're heading to a world where you buy your coffee with Bitcoin.”
Joel Monegro Feb 26, 2019 ▶ 11:47 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Feb 26, 2019 positive
Insight
Walden: General base-layer protocols must ossify to foster developer trust
“The more general the service of a crypto network, the more it should be ossified. So again, coming back to this, IP is ossified, Bitcoin has ossified, maybe a general computation substrate is better ossified because it lends itself to the trust that the develo…”
Jesse Walden Feb 26, 2019 ▶ 38:45 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Feb 26, 2019 negative
Assertion Not checkable as stated
Berniske: Crypto networks lacking formal governance devolve into defection
“I think also if you don't have formal governance mechanisms and clarity around it, you devolve into governance by defection. And we saw that with Bitcoin.”
Chris Berniske Feb 26, 2019 ▶ 38:21 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Mar 1, 2019
Assertion Not checkable as stated
De la Garza: Leaked AWS credentials led to $500K in unauthorized mining
“There's one company that I heard of that checked their credentials for AWS into their GitHub repo on accident, mistake that people make. Within a couple of hours, they had run up about 500,000 dollars of AWS compute charges as people tried to mine Bitcoin.”
Joel de la Garza Mar 1, 2019 ▶ 3:52 Security Markets: The Lay of the Land
Apr 19, 2019 bullish
Insight
Yahya: Blockchains as general computers is a five-year-old paradigm
“Even if it's been 10 years since the publishing of the Bitcoin white paper, this is still very, very early days, because I think that it's only been recent, it's only recently that, that people have begun to conceive of blockchains as computers, as opposed to …”
Ali Yahya Apr 19, 2019 ▶ 24:49 Five Open Problems for the Blockchain Computer
Apr 19, 2019 negative
Opinion
Fish: Bitcoin's proof-of-work energy is largely wasted computational work
“The thing about Bitcoin is that all that work is just sort of computational energy that is, ah, that is, say, somewhat wasted, although it maintains the system in balance.”
Ben Fish Apr 19, 2019 ▶ 16:46 Towards a Decentralized Storage Network for the Blockchain Computer
Apr 19, 2019 neutral
Insight
Fish: Bitcoin is a decentralized storage network for a single file
“You can think of a, you know, decentralized accounting system, Bitcoin being the first example of such as a example of a decentralized you know, storage network. It's just that the one file that the entire system has decentralized the storage of is the ledger …”
Ben Fish Apr 19, 2019 ▶ 6:04 Towards a Decentralized Storage Network for the Blockchain Computer
May 8, 2019 bullish
Insight
Carlson-Wee: Bitcoin enables internet digital scarcity and sovereign-free finance
“It means that for the first time you can have digital scarcity on the internet, And of course you could move to a global unified financial and monetary system that's outside the scope of any sort of sovereign state political control and is really opt in by all…”
Olaf Carlson-Wee May 8, 2019 ▶ 1:03 Seven Trends in Blockchain Computing (Spring 2019)
May 8, 2019 negative
Assertion Supported
Dixon: Sub-second transaction finality is impossible in proof-of-work systems
“You just simply can't have, ah, like sub-second transaction finality in a proof of work system. Like, so Bitcoin, like you really need to wait, you know, each block is 10 minutes, and it has to do with the coordination among the network, and the network propag…”
Chris Dixon May 8, 2019 ▶ 16:23 Seven Trends in Blockchain Computing (Spring 2019)
Jun 24, 2019 positive
Assertion Supported
Mónica: Glacier Protocol is the gold standard for individual Bitcoin custody
“We became maintainers of the Glacier Protocol, which is the golden standard for individual custody of Bitcoin.”
Diogo Mónica Jun 24, 2019 ▶ 8:11 Founding Stories: Anchorage
Aug 29, 2019 positive
Assertion Partly supported
Narula: Bitcoin has operated reliably for 10 years without protocol compromise
“So proof of work has been, though it consumes a lot of electricity, it requires a lot of electricity to run the specialized hardware, has been working pretty reliably for 10 years. It's very impressive, actually. A lot of people never thought that it would wor…”
Neha Narula Aug 29, 2019 ▶ 10:40 The Architecture of Crypto Innovation
Aug 29, 2019 positive
Assertion Supported
Narula: Bitcoin was the first intermediary-free digital payment system
“It took me a little while to realize this, but this was actually the first time that this had ever happened. This was the first time we could make online digital payments without a bank or another financial institution in the middle.”
Neha Narula Aug 29, 2019 ▶ 2:27 The Architecture of Crypto Innovation
Aug 29, 2019 neutral
Assertion Supported
Narula: Bitcoin's seven TPS throughput limit is an easily modified parameter
“Bitcoin doing seven transactions per second is a choice based on two numbers in the code. One could change these two numbers very easily.”
Neha Narula Aug 29, 2019 ▶ 23:37 The Architecture of Crypto Innovation
Aug 29, 2019
Assertion Not checkable as stated
Narula: Bitcoin solved Sybil attacks by tying identities to economic cost
“That was the insight behind Bitcoin. We were going to address the Sybil attack problem by making these identities actually cost something. So they weren't set ahead of time, but they were allocated according to how much people were willing to participate or pa…”
Neha Narula Aug 29, 2019 ▶ 9:20 The Architecture of Crypto Innovation
Aug 29, 2019
Assertion Not checkable as stated
Narula: Bitcoin guarantees security based on incentives rather than identity
“The really cool idea behind Bitcoin and its successors, was that these systems, ah, guaranteed security based on incentives.”
Neha Narula Aug 29, 2019 ▶ 8:24 The Architecture of Crypto Innovation
Aug 29, 2019
Assertion Not checkable as stated
Wilcox: Satoshi Nakamoto failed to encrypt Bitcoin due to early ZK limits
“So when Satoshi Nakamoto was inventing Bitcoin, he tried to figure out how to add encryption into it, and he couldn't figure it out. It didn't fit, because back then, 10 whole years ago we didn't have good enough zero-knowledge proofs.”
Zooko Wilcox Aug 29, 2019 ▶ 3:54 Security and Privacy for Crypto with Zero-Knowledge Proofs
Aug 29, 2019 negative
Insight
Kamvar: Bitcoin volatility renders it unsuitable for long-term financial contracts
“And it equally doesn't feel great to denominate a contract in bitcoin. If you denominate your mortgage in bitcoin, you might find that your mortgage payments triple from month to month.”
Sep Kamvar Aug 29, 2019 ▶ 2:22 Taking Crypto Beyond Volatility: Stablecoins
Dec 19, 2019 positive
Insight
Dixon: Cryptocurrency adoption is a second-order consequence of social media
“I think things like cryptocurrency, for example, in many ways, it's a consequence of social media. If 20 years ago, someone invented Bitcoin, you'd have like a couple New York Times articles quoting some Yale economists. This is stupid. It's over. Maybe it'd b…”
Chris Dixon Dec 19, 2019 ▶ 13:45 What's Next for the Internet?
May 18, 2021 bullish
Prediction Not checkable as stated
Boneh predicts Bitcoin and Ethereum data will survive until year 3000
“So I think that the Bitcoin and Ethereum blockchains are going to be with humanity now forever, you know, in the year 3000, you know, the era of Futurama, we're still going to be looking at the Ethereum and Bitcoin blockchains. Maybe they won't be called that,…”
Dan Boneh May 18, 2021 ▶ 5:55 The Future of NFTs
Nov 8, 2021 negative
Opinion
Gluchowski: Hyper-Bitcoinization based solely on Bitcoin is utopian and impractical
“The idea of hyper Bitcoinization just based on Bitcoin is kind of utopia because of a lot of usability issues and a lot of issues with just general lack of functionality, which you need for a real financial system.”
Alex Gluchowski Nov 8, 2021 ▶ 8:25 Scaling Up Blockchains with Zero-Knowledge Proofs
Nov 16, 2022
Prediction Not checkable as stated
Balaji Srinivasan: US government clash with Bitcoin will match the Crusades
“The US government and the US dollar versus Bitcoin is as big a clash as like, you know, I don't know, Christian Muslim was during the crusades or something like that.”
Balaji Srinivasan Nov 16, 2022 ▶ 30:32 The Network State with Balaji Srinivasan
Feb 28, 2024 bullish
Assertion Supported
Horowitz: Bitcoin reached a $1 trillion market cap without a corporate structure
“Bitcoin started in 2008 and it's, you know, a piece of software and there's probably four engineers working on it at this point and there's no company and it's worth a trillion dollars.”
Ben Horowitz Feb 28, 2024 ▶ 40:02 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Feb 28, 2024 positive
Assertion Supported
Horowitz: Bitcoin uniquely commits to a hard-coded 21 million token supply cap
“That's the strong commitment that Bitcoin makes that other blockchains don't make as strongly, which is twenty one million. That's it. You know, Ethereum's not making that claim.”
Ben Horowitz Feb 28, 2024 ▶ 1:22:44 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Feb 28, 2024 positive
Assertion Partly supported
Dixon: 18% of Argentinians own stablecoins and 50 million Americans own crypto
“Like Argentina, something like last number I saw was 18% of Argentinians have owned a stable coin. In America, fifty million people have crypto and mostly Bitcoin.”
Chris Dixon Feb 28, 2024 ▶ 1:06:54 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Feb 28, 2024 neutral
Assertion Not checkable as stated
Dixon: Crypto developer energy has largely moved from Bitcoin to Ethereum
“I think a lot of the energy though, in my opinion, the developer energy has moved to Ethereum and other ecosystems that have been friendlier to this type of innovation.”
Chris Dixon Feb 28, 2024 ▶ 1:19:58 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Feb 28, 2024 neutral
Opinion
Dixon: Bitcoin is a political movement while Web3 is a technological movement
“My sense is Bitcoin is more of a political movement than Web three. Web three is more of a tech movement. So to me, it's more like, I think of the Web three kind of crypto blockchain as more like open source.”
Chris Dixon Feb 28, 2024 ▶ 1:30:13 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Feb 28, 2024 positive
Assertion Not checkable as stated
Dixon: Bitcoin and Ethereum are treated as commodities due to their decentralization
“And there's generally agreement that things like Bitcoin are commodities because it's decentralized enough. Ethereum looks like it's in that status as well.”
Chris Dixon Feb 28, 2024 ▶ 59:51 Future of Crypto, Blockchain & Web3 w/ Chris Dixon
Mar 5, 2024 neutral
Assertion Supported
Choi: Hamas stopped accepting Bitcoin donations because the blockchain is traceable
“And, you know, even Hamas, like, I think in like, 20, 22, 23 announced that they were no longer gonna be accepting Bitcoin because it was too traceable.”
Emily Choi Mar 5, 2024 ▶ 7:06 Regulating Crypto in the Name of National Competitiveness
Mar 5, 2024 positive
Assertion Partly supported
Choi: The Bitcoin network has never been hacked
“It's never been hacked.”
Emily Choi Mar 5, 2024 ▶ 9:57 Regulating Crypto in the Name of National Competitiveness
May 2, 2024
Assertion Not checkable as stated
Andreessen: Bitcoin is a trillion-dollar outcome created by one person
“You already do it already exists. It's Bitcoin. And so there's experiment. Yeah, built in Bitcoin. So it's a trillion dollar outcome with, you know, one guy and one guy with a bunch of people kind of weighing in and helping”
Marc Andreessen May 2, 2024 ▶ 41:54 Startup Building: Challenges & Opportunities
May 2, 2024 positive
Assertion Not checkable as stated
Andreessen: Major open source and crypto projects were built remotely
“Open source most of the big open source projects got built with people working remote. And, you know, and almost like, you know, in our day, you know, it would have been over Usenet. And then more recently it's over, you know, various kinds of messaging system…”
Marc Andreessen May 2, 2024 ▶ 9:43 Startup Building: Challenges & Opportunities
Jul 23, 2024 bullish
Disclosure
Capital Group's Mark Casey holds Bitcoin exposure in equity portfolio
“As an equity portfolio manager, there's not too many ways to be involved in Bitcoin in your portfolios, but I have one, and, ah, I'm looking for others.”
Mark Casey Jul 23, 2024 ▶ 18:56 Mark Casey (Capital Group): Public Market and Macro Perspectives
Oct 22, 2024 positive
Disclosure
Andreessen gave a $50,000 Bitcoin grant to AI bot Truth Terminal
“I gave it a 50,000 dollar no strings attached grant this summer in Bitcoin.”
Marc Andreessen Oct 22, 2024 ▶ 1:28 Truth Terminal - The AI Bot That Became a Crypto Millionaire
Feb 20, 2025 bullish
Insight
Dixon: Crypto is a new network architecture, not just meme coins
“Crypto is a new, this is what my book's about, is it's a new way to architect internet services, a new way to build networks that has a bunch of different properties, which I argue are beneficial for a bunch of reasons and can do a set of things you couldn't d…”
Chris Dixon Feb 20, 2025 ▶ 1:22 Who Will Own the Internet? a16z’s Chris Dixon on AI and Crypto
Feb 20, 2025
Assertion Not checkable as stated
Dixon: Bitcoin could not have existed prior to social networking
“Bitcoin is something that couldn't have existed before social networking”
Chris Dixon Feb 20, 2025 ▶ 21:54 Who Will Own the Internet? a16z’s Chris Dixon on AI and Crypto
Aug 1, 2025
Insight
Balaji Srinivasan: SpaceX, Uber, and Bitcoin represent network alternatives to states
“SpaceX's network, NASA's state. Uber is the network. Taxi medallions are the state. Bitcoin is the network. The Fed is the state and so on and so forth, right?”
Balaji Srinivasan Aug 1, 2025 ▶ 7:53 Tech vs. Media: Balaji Srinivasan on the Battle Shaping Our Future
Aug 1, 2025 bullish
Assertion Not checkable as stated
Balaji Srinivasan: Bitcoin achieves universal global consensus across hostile political divides
“So essentially, the point is that Bitcoin is decentralized cryptographic truth. Like essentially the whole thing about Bitcoin that's so hard is how do you get global consensus on who owns what BTC? And we have something now where whether you're a Democrat or …”
Balaji Srinivasan Aug 1, 2025 ▶ 1:15:34 Tech vs. Media: Balaji Srinivasan on the Battle Shaping Our Future
Apr 7, 2026 bearish
Prediction Not checkable as stated
Balaji Srinivasan: Centralized Bitcoin on Coinbase and MicroStrategy will likely be seized
“Like, will all the centralized Bitcoin on Coinbase's servers, Sailor servers, et cetera, get seized? I think it's quite likely. I think it eventually gets seized in some exigent circumstance.”
Balaji Srinivasan Apr 7, 2026 ▶ 1:01:40 Why Balaji Srinivasan Thinks the SaaS Apocalypse Is Overhyped | The a16z Show
Apr 7, 2026 bearish
Prediction Not checkable as stated
Balaji Srinivasan: Most Bitcoin usage will be de-anonymized over time
“A lot of Bitcoin use will be de-anonymized over time.”
Balaji Srinivasan Apr 7, 2026 ▶ 59:24 Why Balaji Srinivasan Thinks the SaaS Apocalypse Is Overhyped | The a16z Show
Apr 7, 2026 neutral
Disclosure
Balaji Srinivasan: Only five crypto assets warrant 1,000+ hours of focus
“There's really only five crypto assets that I've spent more than a thousand hours on. Bitcoin, Ethereum, Solana, USDC, Zcash.”
Balaji Srinivasan Apr 7, 2026 ▶ 55:31 Why Balaji Srinivasan Thinks the SaaS Apocalypse Is Overhyped | The a16z Show
Aug 19, 2026
Assertion Not checkable as stated
LaFontaine: Whatnot Acquired Its Domain for 0.5 Bitcoin
“Logan got ahold of the guy who had whatnot. And he, the guy goes, I'll sell it to you for a Bitcoin. So, I was an early Bitcoin investor, so I had Bitcoin. And Bitcoin back then was worth 10,000 dollars, so not like what it's worth now. And Logan haggled him d…”
Grant LaFontaine Aug 19, 2026 ▶ 8:07 How Whatnot's Live Shopping Beats Traditional E-Commerce
Sep 3, 2026 neutral
Opinion
Levchin: Crypto has proven successful as a store of value, not payments
“And I'm not convinced it's a payment method now, and it's been quite some time. But as currency and commodity and a star value goes, it's certainly proven to be extraordinarily successful.”
Max Levchin Sep 3, 2026 ▶ 15:26 Why AI Agents Could Finally Reinvent the Credit Card
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