In November 2017 last year, I came across an article written by James Altucher talking about the ABC’s of Bitcoin. It came to me while i was writing a personal blog post on how Einstein inspired my pursuit of Entrepreneurship.
Ever since reading that insightful article, I was thoroughly hooked. I read, scoured, studied and followed every smart and intelligent person I could find about Bitcoin. It was an extremely steep learning curve. I had to draw some of my technical superpowers back from my Engineering days to come to grips with this new mystical technology they called Blockchain.
“The invention of bitcoin, the technology that makes it possible, cannot be uninvented. It creates the possibilities for decentralized organization on a scale never before seen on this planet.” @aantonop
What my first thought was? — Ah, Geek money, one that allowed computer geeks to buy things on the net while sidestepping both the banking system and central governments.
I have learnt a lot about Bitcoin ever since I first came across this digital currency. And now through some of the hidden gems in the following quotes,
I hope that these ideas will change your perspective and mindset towards Bitcoin.
And I hope that it changes your life like it did with mine.
Kindly Tweet the quotes you find most profound or insightful, someone in your feed might need this.
Privacy is a human right. Secrecy is a privilege of power. We need to live in a world where secrecy is fickle and easily pierced, where power has to face accountability because they are under the spotlight of transparency @aantonopClick To Tweet 'Bitcoin is the money of the people.' @aantonopClick To TweetA bitcoin transaction can be transmitted over completely unsecured Wi-Fi. By smoke signal. By light signal. With carrier pigeons. It doesn’t matter. Nothing in that message can be compromised @aantonopClick To Tweet Bitcoin is neutral to the sender, the recipient, and the value of the transaction. That means it gives every citizen, every user of bitcoin, the ability to innovate in terms of financial instruments, payment systems, and banking.' @aantonopClick To Tweet Scaling is a moving target. Scale defines the edge of today’s capabilities. As it moves forward, capability increases. Bitcoin is failing to scale. If we’re really lucky, bitcoin will continue to fail to scale gracefully for 25 years, just like the internet @aantonopClick To Tweet Authority is no longer the person who owns the printing press. Now the person who has the content is what matters . We just did this to currency through Bitcoin @aantonopClick To Tweet Bitcoin is a radical break from the past, so understanding the way traditional money works doesn’t help you understand bitcoin. @aantonopClick To Tweet Every 30 or 40 years at least, things that have settled need to be disrupted. Because as they settle, power accumulates, become centralized, and with centralized power, corruption happens. There is no more absolute power than the power over money. @aantonopClick To Tweet You think people are freaking out about bitcoin? Imagine how much they freaked out when you told them that now, instead of trading in gold, they would trade in pieces of paper. @aantonopClick To Tweet Bitcoin is an opt-in system. You choose to use it. You choose who you’re going to interact with. You choose the rules of the game by which you interact. That’s why bitcoin is going to win. It delivers innovation that consumers want &need. @aantonopClick To Tweet Currency as a means of expression, currency as a tool of language, is no longer up to the issuer. It is up to us as individuals making a choice to use that currency, and we give it value through our use. @aantonopClick To Tweet Bitcoin is the internet of money. Currency is only the first application. At its core, bitcoin is a revolutionary technology that will change the world forever. @aantonopClick To Tweet On bitcoin, you don’t need to ask anyone to invent a new financial instrument, a new payment system, a new service. You can just do it. @aantonopClick To Tweet Money itself is an abstraction. If it’s not an abstraction, then it’s not money—it’s barter. @aantonopClick To Tweet In network-centric systems, attacks cause the system to adapt, evolve, and become more resistant. @aantonopClick To Tweet
Naval Ravikant (@naval) is the CEO and a co-founder of AngelList. He previously co-founded Epinions, which went public as part of Shopping.com, and Vast.com. He is an active angel investor and has invested in more than 100 companies, including more than a few “unicorn” mega-successes. His deals include Twitter, Uber, Yammer, Postmates, Wish, Thumbtack, and OpenDNS, which Cisco just bought for $635 million in cash. You can find many more examples here, but suffice to say — he’s really, REALLY good at start-up investing.
Blockchains are a new invention that allows meritorious participants in an open network to govern without a ruler and without money. @navalClick To Tweet As society gives you money for giving society what it wants, blockchains give you coins for giving the network what it wants. @navalClick To Tweet Eventually, every game theory textbook will have a chapter on public blockchains. @navalClick To Tweet The top two skillsets for blockchain entrepreneurs, in order: Technology development. Community development. @navalClick To Tweet First round of coin airdrops went to devs and miners. Second round to investors and BTC / ETH holders. Third round will try to reach every human on the planet. @navalClick To Tweet Networks have 'network effects.' Adding a new participant increases the value of the network for all existing participants. @navalClick To Tweet People once thought that AOL would beat the open web. Permissionless programmability and uncensorability seemed unimportant. Don’t bet against a distributed army of self-interested programmers. @navalClick To Tweet Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme. @navalClick To TweetHodling the Future in Place of the Past “I think bitcoin is the future currency,” ~Tim Draper
Fortune Favors the Brave
More than 30 years since Draper founded his company, with assets of over $5 billion, Tim is now a crypto entrepreneur putting millions of dollars into Bitcoin. Draper snapped up the Silk Road bitcoins auctioned by U.S. Marshals in 2014 and has become a crypto millionaire ever since. He acquired 32,000 bitcoins, at $18 million.
Read: What Tim Draper Told Forbes in an interview during a Tech Summit.
People ask me, Are you going to sell your bitcoin for fiat? and I say, Why would I sell the future for the past? @timdraperClick To Tweet “I don’t know why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces”. @timdraperClick To TweetConventional Wisdom: Go to school, learn how to do something other people are already doing. Do that as a career. Bitcoin Wisdom: Blaze a new trail, do something no one is doing. Do that to grow the whole pie. @jimmysongClick To Tweet The beauty of voluntary systems is that everyone is completely free to disagree with each other, be as conservative or as risky as they want, expend their resources as they see fit, and own 100% of the gains or losses of their decisions. @jmcorganClick To Tweet Bitcoin is a system of value which maintains itself by steering human nature to do what it does best: protecting and pursuing our own interests. @SDWoutersClick To Tweet Use “crypto asset” instead of “cryptocurrency.” Use “programmable ownership” rather than “programmable money.” This revolution isn’t only about money. It’s about the personal freedom to own and transact any asset in the world. @APomplianoClick To Tweet Bitcoin is not: A crypto republic, Crypto democracy, Crypto socialism, Crypto communism Bitcoin is crypto anarchy. @loppClick To Tweet Crypto is stealing talent pools of Wall Street institutions, tech companies, &top tier founders. The industry alot of money, much excitement, & too strong of a belief in freedom - the incumbents don't stand a chance in retaining their talent. @APomplianoClick To Tweet Centralized systems often start out fully baked, but only get better at the rate at which employees at the company improve them. Decentralized systems start half-baked but, under the right conditions, grow exponentially attracting new contributors. @cdixonClick To Tweet A bet against crypto is a bet against math and software code. @APomplianoClick To Tweet If it can be controlled by 1 party, it is not a blockchain. If it is not fully censorship resistant it is not a blockchain. Don't be fooled by bullshit pump and dumps and by people trying to convince you. Remember why we are here. @CharlieShremClick To Tweet On the internet, any company that stores your data will (eventually) get hacked. The response to the Equifax hack is not to demand 'better security' but to demand the removal of these data banks. @muneebClick To Tweet Cryptonetworks align network participants to work together toward a common goal : the growth of the network, the appreciation of the token. @cdixonClick To Tweet Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers. @cdixonClick To Tweet
If you have read up to this point, I really do appreciate your time. I really do. Kindly tweet to spread the gospel to other Bitcoin enthusiast and remember Vires in Numeris — “Strength in Numbers”
People should stop referring to Bitcoin as currency. It is the network. The currency is the visible layer. What is never discussed on CNBC or CNN or ABC is the information that each coin can hold for life (whats equifax got) combined an with an ease of divisibility to 100 millionth of a coin makes it the greatest advancement in finance and the history of money. add in smart contracts and lighting network capabilities.. boom.. its in every home and personal wallet on the planet.