Having a million-dollar net worth doesn't make you a genius, and having less than a million-dollar net worth doesn't make you a fool.
Naval RavikantRead
I think long-term, Bitcoin is a currency of the Internet. So, even if humans don't use it, routers will use it. Web browsers will use it. Web servers will use it.
Interpretation
What this quote means
Bitcoin is likely to become a prevalent digital currency, utilized by machines even if humans don't adopt it.
Naval Ravikant's quote suggests that Bitcoin, in the long run, is poised to be more than just a human-driven currency; it is anticipated to be integrated into the very fabric of the internet itself. By implying that not only people but also technological infrastructures such as routers, web browsers, and servers will leverage Bitcoin, he underscores the potential of cryptocurrencies to function autonomously in future digital transactions and interactions.
Themes
BitcoinCurrencyInternetTechnologyFuture
In practice
Example use cases
In a presentation about the future of digital finance, one could quote Naval Ravikant to emphasize the role of Bitcoin in the internet economy.
More from Naval Ravikant
All quotes βHumans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine.
Naval RavikantRead
Rules that may be easy for Wall Street are a death sentence for startups. They are easy to break accidentally and the penalty for noncompliance is severe.
Naval RavikantRead
If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.
Naval RavikantRead
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more.
Naval RavikantRead
It's almost always possible to be honest and positive.
Naval RavikantRead
Similar quotes
There is a First Amendment right to speak in a encrypted way.... The right to speak P.G.P. is like the right to speak Navajo. The Government has no particular right to prevent you from speaking in a technical manner even if it is inconvenient for them to understand.
Eben MoglenRead
The internet is watching us now. If they want to. They can see what sites you visit. In the future, television will be watching us, and customizing itself to what it knows about us. The thrilling thing is, that will make us feel we're part of the medium. The scary thing is, we'll lose our right to privacy. An ad will appear in the air around us, talking directly to us.
Steven SpielbergRead
Electric power is everywhere present in unlimited quantities and can drive the world's machinery without the need of coal, oil, gas, or any other of the common fuels.
Nikola TeslaRead
The history of the Internet is, in part, a series of opportunities missed: the major record labels let Apple take over the digital-music business; Blockbuster refused to buy Netflix for a mere fifty million dollars; Excite turned down the chance to acquire Google for less than a million dollars.
James SurowieckiRead
No matter what your profession β doctor, lawyer, architect, accountant β if you are an American, you better be good at the touchy-feely service stuff, because anything that can be digitized can be outsourced to either the smartest or the cheapest producer.
Thomas FriedmanRead
We want to galvanize people's imaginations. With enough political will and investment, we could make wheelchairs obsolete.
Miguel NicolelisRead