Quotes by Balaji Srinivasan - Page 1

We think of bitcoin as mobile. It's not one company; it's broad.
Balaji Srinivasan /
Bitcoin
Company
Mobile
Broad
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Our nation of immigrants is, tautologically, a nation of emigrants.
Balaji Srinivasan /
Immigrants
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The Internet is programmable information. The blockchain is programmable scarcity.
Balaji Srinivasan /
Information
Internet
Scarcity
Blockchain
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There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.
Balaji Srinivasan /
Crisis
Financial Crisis
Banks
Crisis Financial Financial Crisis
Implicitly
Trusting
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Don't do a startup unless you're ideologically driven to make it succeed beyond the economic motivation.
Balaji Srinivasan /
Driven
Startup
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The future of technology is not really location-based apps; it is about making location completely unimportant.
Balaji Srinivasan /
Apps
Location
Unimportant
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Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
Balaji Srinivasan /
Benefits
Liquidity
Scarce
Increased
Ultimately
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Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
Balaji Srinivasan /
Bitcoin
Data
Objects
Records
Scarce
Structure
Blockchain
Transfer
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Many great founders have one or more big failures on their track record. What makes them great is that they eventually succeed despite that.
Balaji Srinivasan /
Despite
Founders
Succeed
Track
Track Record
Eventually
Failures
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Machine translation of signs, text, and speech brings down language barriers and facilitates ever more cross-cultural meetings of like minds.
Balaji Srinivasan /
Barriers
Brings
Signs
Text
Translation
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There's a tiny number of Bitcoin wizards and an enormous number of smart developers that have no onramp to Bitcoin. We need to make that onramp easier.
Balaji Srinivasan /
Bitcoin
Developers
Enormous
Tiny
Wizards
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Mobile technology makes us ever more mobile, increasingly permitting not just easier movement around a home base but permanent international relocation.
Balaji Srinivasan /
Home Base
Permanent
Base
Increasingly
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I learned that despite having years and years of experience in math and computer science and so on, I didn't really know how to code until I formed a company.
Balaji Srinivasan /
Code
Computer Science
Despite
Math
Formed
Years And Years
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I'm interested in businesses that take digital bits and turn them into interfaces for physical atoms. I'm also interested in drones, Bitcoin, and 3D printing.
Balaji Srinivasan /
Atoms
Bitcoin
Bits
Digital
Drones
Printing
Businesses
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Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.
Balaji Srinivasan /
Appropriate
Assets
Bitcoin
Digital
Scarce
Today
Ethereum
Purely
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Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.
Balaji Srinivasan /
Bandwidth
Bitcoin
Embedded
Mining
Establish
Fundamental
Par
Ram
Resource
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By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.
Balaji Srinivasan /
Multiple
Scarce
Resource
Virtually
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Every time you load a webpage is a HTTP request. That's a lot of HTTP requests. If you are earning bitcoin on every HTTP request, that could be a lot of earned bitcoins.
Balaji Srinivasan /
Bitcoin
Load
Request
Earned
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We believe the most significant long-term application of bitcoin may be reducing the upfront cost of internet-connected devices to make them more accessible for the developing world.
Balaji Srinivasan /
Application
Bitcoin
Cost
Developing
Long Term
Reducing
Significant
Believe World May
Accessible
Developing World
Upfront
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I think tokenization eventually means everyone becomes an investor once all the regulatory issues are worked out - from your computer itself to a kid in India messing around with $10.
Balaji Srinivasan /
Investor
Messing
Regulatory
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It used to be that you had to come to Silicon Valley, walk up Sand Hill Road, network with individuals. That's now being completely changed and turned on its head by the whole ICO thing.
Balaji Srinivasan /
Changed
Sand
Silicon
Silicon Valley
Head
Walk
Ico
Individuals
Network
Road
Turned
Valley
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Virtually every major technology has an initial spike of interest, then a dip, and then a long-term rise to success. The dot-com bubble is the canonical example, but there are many more.
Balaji Srinivasan /
Dip
Long Term
Rise
Bubble
Dot-Com
Initial
Spike
Virtually
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Isn't the purpose of bitcoin mining simply to get rich - or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol - and particularly in the industrial uses of bitcoin enabled by embedded mining.
Balaji Srinivasan /
Bitcoin
Embedded
Mining
Protocol
Industrial
Instrument
Uses
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