VCs invest in innovation and disruption, but how often do they innovate themselves?
— Brock Pierce
Users and entrepreneurs building new business models off the blockchain means that there are competing interests on how best to scale the network. Linux, also an open source software project, had similar growing pains.
When you start working as an Internet entrepreneur, the world is moving at a million miles an hour and is changing rapidly.
The only way to fix Puerto Rico is with brain game, to bring the intellectual and human capital there - in a way that it's done with the right intention.
The real problem with Puerto Rico is that it keeps losing its best and brightest. It keeps losing its leaders and its future leaders due to a lack of opportunity.
I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.
A billionaire is someone who can positively impact a billion lives.
Historically venture capital funds have only allowed elite investors in.
The bitcoin/blockchain protocol has never been compromised. Businesses building applications on top of it run the risk of making mistakes.
The Internet wasn't useful until some basic infrastructure was built.
Casino games are the one kind of content that has stood the test of time for decades.
I built a supply chain of 400,000 people in China to play games professionally to mine digital currency.
I guess one of the main things you realize when you work as an entrepreneur is that it's long days, long hours.
I'm here on this planet to live in service to humanity.
What happened at Mt. Gox is not an isolated incident. This is a plague that continues to play like a bad broken record. As long as this continues to happen, how are we ever going to instill confidence in this industry? How are we better than the old financial system?
When the Internet first launched, you had all these newspapers saying that the Internet was only used by bad people, to do bad things and what was the point of it. But the Internet changed everything, just like Bitcoin will.
Blockchain Capital was the first dedicated venture fund to invest in crypto and blockchain.
Blockchain Capital has a global investment mandate so it is very possible that we make an investment in India at some point.
I believe everyone is capable of just about anything if you commit yourself to it.
I call the blockchain 'the Internet of value' and 'the Internet of trust.' Because everything becomes trustless. It's a big distributed ledger. Think of it like an Excel file that's being maintained and updated and managed by millions of computers around the world.
It is possible that Bitcoin will fork at some point. The question is whether or not it'll be a contentious fork. This process is a good thing in the long term, though potentially disruptive in the short term.
It's often lost in most Silicon Valley startups, the importance of storytelling when most people are thinking about they assemble their team and the critical functions that the team needs to be successful. Storytelling is normally not on the list.
When you have to start over from scratch, you can do it very differently than if you have this big thing that's kinda been building on top of itself for ages and ages.
A unicorn is a community that's positively impacted the lives of a billion people.
Most people heard about Bitcoin for the first time in the context of the Mt. Gox collapse. It is our Lehman Brothers.
I care about how many people's lives I've positively impacted. That's the unit of measurement I measure myself by.
Before Blockchain Capital, I was cranking out startups like an incubator.
The blockchain is going to change everything more than the Internet has.
I'm pretty much working 24 hours a day, seven days a week.
If you take the MY out of money, you're left with ONE.
