Best quotes by Balaji Srinivasan on Bitcoin
Checkout quotes by Balaji Srinivasan on Bitcoin
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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
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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
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‟ We think of bitcoin as mobile. It's not one company; it's broad.
- Balaji Srinivasan
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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
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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
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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
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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
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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
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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