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It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for. ”
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. ”
People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions. ”
If you're investing in a company in the Bitcoin economy, you have to compare the valuation of the company to the valuation of the entire economy. ”
I toured a lot in the U.K. and Europe solo for a lack of funds, really. I left people I'd been playing with for years at home, just because I couldn't afford it. ”
Success will be when I can have a real swimming pool instead of the fifty-dollar one I buy at Kmart every year. But I don't want to get robbed of any authenticity to try and make money. ”
The only sensible ends of literature are, first, the pleasurable toil of writing; second, the gratification of one's family and friends; and lastly, the solid cash. ”
When I was in South Africa, I was meeting with people who never heard of Lego bricks. And yet, when I was like, 'Here they are,' they immediately got it. They saw the appeal, were snapping bricks and creating their little creations right there immediately. ”
I have about 4 million Lego bricks. And then a few million in storage in case something comes up. I still pay for them. I buy my bricks just like everyone else. It's by far my biggest capital expense. ”
I have always spent my time more preciously than my money. ”