While it's not obvious to people now, in the long-run, the permissionless innovation that Bitcoin enables will ultimately improve the lives of billions of people.

There needs to be some standards around launching an ICO and investing in ICOs in the space, and I caution all to tread carefully until those standards emerge.

Cryptoeconomics is so fascinating to study because it's a combination of technology, economics, and psychology.

Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value.

During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.

I loved everything about show business, meeting the stars, the whole ambience. I was living every young kid's dream. I was told a pop singer's life was three years, but I was still making money seven years later.

American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?

A lot has been done to improve safety and soundness and confidence in financial markets and financial institutions, a lot of which was necessary.