cryptocurrencies

“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.”

“There will not be 1600 cryptocurrencies out there. There will be one or two.”

“I don't think there would only be a couple cryptocurrencies that succeed. I do agree with you that it will not be 1600. I think you might see, I don't want to put a number on it, but I think you'll see several emerge as ones that are going to stick around.”

“I think, you know, it's not just governments that could create untrustable cryptocurrency. I think there are a lot of untrustable cryptocurrencies out there right now. Obviously there are over 1600, I think maybe even more, but at 1.1600, and I certainly would…”

“It's very likely that an average person who's not spending all day on these things will lose their money, so if you're listening to this, we are definitely not recommending it.”

“So in March alone, there have been about 15 launches of new cryptocurrencies.”

“I mean, they're the best beta testers of new technologies in many ways. And that's been true, not just of cryptocurrencies, right? That's been true of all kinds of things. If you think of cell phones, if you think of email, social media, the internet, and just…”

“Cryptocurrencies and the blockchain and smart contracts more generally give the tools to create all of these. Payment rails, inexpensive remittances, credit histories, escrow, et cetera, for the billions of underbanked.”

“And the second limitation, and this is subtler, but I think it's even more important, is that all they can be is a proxy to fiat. And I think this misunderstands the true potentiality of cryptocurrencies.”

“And the other thing that cryptocurrencies are doing is they're giving you the data, the rights to your data back by allowing you to control who gets to see it. And by allowing you to control who owns the data in the first place.”