cryptocurrency

“This is the first cryptocurrency that's actually seems to work, that's actually been, being adopted.”

“What is it that crypto automates? Well, it automates another kind of technology. It automates, well, money, but it automates trust.”

“For autonomy, we are still very much down in the muddy hole in the ground, digging foundations. Mixed reality is just sort of moving out of that to the point that you can throw the frame up. For cryptocurrency, the frame has gone up. We're just trying to work …”

“Now, if mixed reality is at a sort of a 2006 stage, then crypto or cryptocurrencies feel more like a 2000, sorry, a 1994 stage which is sort of where HTML, HTML was sent.”

“I very much believe this, and I think we all do as a firm, a blockchain without a cryptocurrency literally makes no sense, because there's no incentive for their participants to host the blockchain.”

“There is Floyd Mayweather on his private jet with hundred dollar bills pushing a cryptocurrency.”

“The way to think about a Cryptocurrency is it's a new asset class that enables a decentralized application.”

“When people hear crypto, they often think it's about secrets, but actually, is crypto, in the context of cryptocurrency, is it about secrets and, ah, The answer is actually, no, it is not about secrets.”

“And so I think over the next year, we're going to see a number of those things to be proven out. And what we've already at least heard is that what was, I think Starbucks talked about maybe integrating blockchain to the loyalty program. Rakuten, which is, you …”

“There's some things that I fundamentally believe just will not be completely decentralized governance being one of them.”

“Speculation is really the first use case of cryptocurrency.”

“There were some great articles from the mid nineties where people wrote like the internet will never be a thing. Right. And like some interesting quotes around. So the internet's impact on the economy will be less than that of the fax machine. And I think we'r…”

“So I think we're in the mid nineties when it comes to say internet time, right? So 1995 was a year that Netscape IPO'd and the year that was seen as say the web going mainstream.”

“We're seeing just a real wave of talent, of people coming out of colleges, and tech companies, and other places, and saying, you know what, I'm sort of tired of living on this other continent, it's all filled up, and it's gotten kind of mature, and mainstream,…”

“Had cryptocurrency not been used in that case, we would have never caught these individuals, and they would have still been working for the government instead of in prison, which is where they are today.”

“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.”

“I predict that with machine learning, that this is even going to become easier to trace, as machines are going to be able to get smart about who owns what wallets, and make connections that no human possibly could.”

“42% of the world's top 50 universities now offer at least one cryptocurrency class, and 84% of major companies are incorporating blockchain technology.”

“Cryptocurrency is not going to put food in the stores when there's no food in the stores, right? It's not, it's a, it's not fund, Venezuela's problem is not fundamentally a monetary problem, and most really severe monetary problems are not. Most really severe …”

“The one thing I will say is so far cryptocurrency shows no sign whatsoever Of becoming currency. Whatever it's doing, it's not money.”

“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…”

“I also don't believe it's going to replace big, ah, gold as a store of value entirely, and if I suggested that during my presentation, all I meant to suggest was that I think it will develop as an alternative store of value.”

“I don't think, though, to answer your question, that it's going to replace all of the other currencies. I'm not saying that, oh, it's going to replace the dollar and replace the euro. I actually don't believe that, ah, is likely to happen.”

“We developed this, you know, socially ingenious thing, which is enduring institutions that have a reputational stake in, ah, in safeguarding the value of the, ah, of the tokens they create, and, we're throwing all of that out, and it's gonna be really, really …”

“There are all these issues that we hear about it, and the important thing to understand here is that we are still in the dial-up days of cryptocurrency and crypto networks.”

“Myths like cryptocurrency is just completely anonymous, so really it's only useful for criminals and money launderers. Now, how do I know that's just a myth? Well, I spent over a decade as a federal prosecutor, and during that time, I put murderers, organized …”

“I think if we were to create the internet today, I think we would do it completely different. I think we would have it be completely decentralized and I think we would have cryptocurrency built in at the core. And I think it would be far more robust and would …”

“And so one thing that cryptocurrency does potentially is it's like a universal solution to the bootstrap problem. We call it chicken egg problem, which is you incentivize the early users when there's not enough network value, you give them financial value. And…”

“And years later, we have a seventy billion dollar cryptocurrency, a whole ecosystem of companies, users and investors involved and the largest supercomputer network in the world by four orders of magnitude.”

“This is how we discovered a bunch of, a lot of the cryptocurrency stuff, by the way, like that I mentioned, it's almost all happening on Reddit.”

“Put a very, very small amount of money into them because it's super risky, and I think a lot of people, including me, think it's very likely we're in a boom part of a cycle, and while I think we're very, very excited about the long-term technological prospects…”

“The IRS designated cryptocurrency as property and not currency.”

“In my mind, this is one of the really interesting things that, that I think will likely start to become more prominent over the next year or two. And could unlock a whole new wave of kind of applications and just broader mainstream adoption of cryptocurrency.”

“Because you've solved, with a bearer asset like a cryptocurrency, you've kind of solved the laundering problem. You don't need money mules. You get the cash.”

“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…”

“And now, you know, I think the same thing is going to happen with cryptocurrency where in five or 10 years, pretty much every startup that gets created, it's going to use the internet, it's going to use AI, and it's also going to use some form of cryptocurrenc…”

“In fact, messaging apps, discords are not built for tracking collective action. This is kind of the unification of cryptocurrency and discord. You will get something that actually tracks that and has leaderboards for people and everybody can see who did what c…”

“We think that cryptocurrency and fiat currency, you know, in other words, old fashioned non-cryptocurrency, they're both going to be used in the metaverse just as they are in the real world.”

“This is the center of society and they've got their deterministic law with cryptocurrency and their probabilistic guidance with AI and their social network that binds the whole thing together. So those three technologies are like social technologies that are a…”

“I think is one very useful macro frame means every culture has their own AGI and eventually every culture has their own social network and cryptocurrency and AI.”

“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.”