It's like the American democratic system. When you vote, even if your candidate doesn't win, you accept that democracy was in action. When people participate in a Tezos network, they're accepting that the democratic vote of the other coin holders will govern the way the protocol moves.

VCs are used to being the gatekeepers of capital. There's this old narrative of entrepreneurs going hat in hand begging VCs for money. That absolutely is not the world we're in anymore.

We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?

I view Bitcoin as the more democratic version of money and value transfer because no one controls it... I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind.

In an ideal world, nobody's work would be just about the money. People could pursue excellence in what they do, take pride in achievement, and derive meaning from knowing that their work improved the lives of others.

Wealth brings with it refinement, the spirit of conservation, while poverty inspires adventurous ideas, the desire to change things, and has little care for life.

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

Bloomberg is an overpriced legacy software system that subsidizes a money-losing media company.