Phrase by 'Naval Ravikant'
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Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn't require external institutions or trusted third parties to validate things.
Author: Naval Ravikant - BusinessmanEverything , Money , Things , Computers
Within my social circle, there is a large group of people who will take bitcoin as legal tender; like, you can go to them and settle debts in Bitcoin, and they will happily take it.
Author: Naval Ravikant - BusinessmanYou , People , Group , Legal
The ledger, the distributed database - it's called a Blockchain - is held in the cloud by all the parties involved. It can't be broken by any of them. It's cryptographically too strong. You would have to compromise the entire network to take over Bitcoin.
Author: Naval Ravikant - BusinessmanYou , Compromise , Broken , Strong
Figure out what you're good at and start helping other people with it; give it away. Pay it forward. Karma sort of works because people are very consistent. On a long enough timescale, you will attract what you project.
Author: Naval Ravikant - BusinessmanYou , People , Long , Good
It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for.
Author: Naval Ravikant - BusinessmanThink , Money , Gold , Important
Think of Bitcoin as a bank account in the cloud, and it's completely decentralized: not the Swiss government, not the American government. It's all the participants in the network enforcing.
Author: Naval Ravikant - BusinessmanThink , American , Government , Cloud
ICOs are obviously a new and interesting form of funding for blockchain-based protocols, but it's not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins.
Author: Naval Ravikant - BusinessmanNew , Good , Interesting , Clear
Oddly enough, Bruce Lee wrote some great philosophy.
Author: Naval Ravikant - BusinessmanGreat , Some , Enough , Philosophy
It's probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin.
Author: Naval Ravikant - BusinessmanThan , Bitcoin , Easier , Bills
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.
Author: Naval Ravikant - BusinessmanYou , Fool , Genius , Worth
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