Quotes by Brock Pierce - Page 2

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.
Brock Pierce /
You Can Do It
Ages
Big Thing
Scratch
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I played 'Mortal Kombat' competitively in arcades. Played for money at 10, hustling the 20-year-olds. Five bucks on whoever wins. Which, at 10 years old, is real money.
Brock Pierce /
Bucks
Five
Played
Hustling
Mortal
Real Money
Whoever
Wins
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Los Angeles has always been one of America's most entrepreneurial cities, but it is hard to recognize this because of how hardwired, literally, 'entpreneurism' has become.
Brock Pierce /
Entrepreneurial
Hardwired
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AngelList Syndicates are perfectly aligned with Bitcoin's ideology. They democratize the system so everyone has access to high value dealflow; it's the power of the people.
Brock Pierce /
Access
Bitcoin
Ideology
Aligned
Perfectly
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A lot of what I see in blockchain promises to get us as an industry from A to Z. As an investor and entrepreneur, I am constantly on the lookout for how we get from A to B.
Brock Pierce /
Entrepreneur
Industry
Blockchain
Constantly
Investor
Lookout
Promises
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It's not a coincidence these two industry areas - Silicon Valley and Hollywood - use the same jargon. They share a common language, the language of the creator, of the entrepreneur.
Brock Pierce /
Coincidence
Common Language
Creator
Entrepreneur
Jargon
Silicon
Silicon Valley
Valley
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Security tokens are going to give birth to a quadrillion dollar market. This is because we will see the tokenization of the world's fiat money, debt market, real estate, equities, and art.
Brock Pierce /
Debt
Art Money World
Dollar
Estate
Fiat
Real Estate
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From an architecture perspective, Mt. Gox is not an isolated incident. We've had exchanges continually hacked after Mt. Gox. This has been an ongoing problem that has continued to plague our industry.
Brock Pierce /
Architecture
Hacked
Isolated
Ongoing
Plague
Continually
Exchanges
Incident
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Being able to borrow against one's crypto assets gives one options, when wanting to purchase a property, and aligns with my philosophy that real estate and tokenization will be a quadrillion dollar market.
Brock Pierce /
Assets
Philosophy
Property
Borrow
Crypto
Dollar
Estate
Market
Options
Purchase
Real Estate
Wanting
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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.
Brock Pierce /
Bitcoin
Disruptive
Fork
Good Thing
Potentially
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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.
Brock Pierce /
Competing
Linux
Models
New Business
Open Source
Software
Users
Scale
Blockchain
Entrepreneurs
Pains
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Puerto Ricans are so well educated, they're so capable, they're so competent, but due to a lack of opportunity, when you graduate from college, you leave. Puerto Rico's number one export is human beings; Puerto Ricans!
Brock Pierce /
Competent
Educated
Rico
Due
Export
Graduate
Puerto
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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.
Brock Pierce /
Bad People
Bitcoin
Changed
Internet
Newspapers
Used
Will
Things
Internet People Will
Like
Just
Had
Only
Bad
First
Point
Saying
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Steve Bannon was my right-hand man for, like, seven years. He's a hammer. And when you're a hammer, everything looks like a nail. He's very sure and very smart. Very driven, very patriotic. He's not most of the things that people say.
Brock Pierce /
Driven
Patriotic
Hammer
Nail
Steve
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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.
Brock Pierce /
Attributes
Bitcoin
Digital Age
Tangible
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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.
Brock Pierce /
Critical
Importance
Lost
Needs
Silicon
Silicon Valley
Successful
Team
Thinking
Assemble
Functions
List
Normally
Startups
Valley
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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.
Brock Pierce /
Computers
Blockchain
Distributed
Excel
File
Maintained
Updated
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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?
Brock Pierce /
Financial System
Instill
Isolated
Plague
Incident
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If you think about it, it requires a lot of effort and time and energy to make money in the real world, and if they made games equally as difficult to make money in, people wouldn't play them. So they are generally designed to be hyper-inflationary because that's more fun.
Brock Pierce /
Real World
Time Money World
Designed
Equally
The Real World
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The VC industry has benefited greatly from technology and the Internet, so I see how the VC industry is going to get disintermediated, decentralized, disrupted, so I can sit around and wait for someone to disrupt ourselves, or we can choose to disrupt or cannibalize ourselves.
Brock Pierce /
Decentralized
Disrupt
Greatly
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Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip - blockchain and crypto is the fourth.
Brock Pierce /
Admire
Driving
Driving Force
Electricity
Focused
Force
Fourth
Industrial Revolution
Reason
Revolution
Smart
Steam
Person
Then
Understand
Blockchain
Those
Concept
Crypto
Engine
Industrial
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I'm normally running three to 10 meetings at a time. I just pile them all up. I have no schedule and everybody just kind of meets at the same time. It sometimes makes people who are really important in their minds very uncomfortable because they're used to getting an automatic three hours alone.
Brock Pierce /
Uncomfortable
Automatic
Just Kind
Meets
Normally
Pile
Schedule
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Most people are playing the game of compounding interest, which is self interest - how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call 'compounding impact.' How do you make a positive impact in the world?
Brock Pierce /
Positive
Impact
Interest
Positive Impact
Produce
Take Care
Benefit
Compounding
Storing
Value
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Two-thirds of the world's population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that's a problem that most of the world faces if you're in Latin America, Africa or South East Asia.
Brock Pierce /
Accounts
Asia
Cards
East Asia
Etc
Faces
Latin
Latin America
Paypal
Population
Life Today World
Bank
Credit Cards
Shut
Two-Thirds
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Brock Pierce Quotes - Page 2

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