Phrase by 'Balaji Srinivasan'
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The Internet is programmable information. The blockchain is programmable scarcity.
Author: Balaji Srinivasan - American BusinessmanInternet , Information , Blockchain
Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.
Author: Balaji Srinivasan - American BusinessmanSomething , Today , Digital , Bitcoin
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.
Author: Balaji Srinivasan - American BusinessmanNeed , Make , Smart , Bitcoin
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
Author: Balaji Srinivasan - American BusinessmanWay , Data , Blockchain , Bitcoin
If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains.
Author: Balaji Srinivasan - American BusinessmanInternet , You , Money , Information
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.
Author: Balaji Srinivasan - American BusinessmanSay , Will , Way , Down
Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
Author: Balaji Srinivasan - American BusinessmanWill , Great , Because , Anything
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.
Author: Balaji Srinivasan - American BusinessmanYour , Everyone , Think , India
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.
Author: Balaji Srinivasan - American BusinessmanMore , Purpose , Rich , Financial
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.
Author: Balaji Srinivasan - American BusinessmanMore , World , Believe , Bitcoin
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