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Naval Ravikant

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#Tags
I think of Twitter as the place where I go to have a great conversation when I can't have one locally, which seems to be all the time, and the more time that I spend on Twitter, the more I sort of curate this incredible group of very intelligent people that I just get to know purely through the quality of their thoughts. - Naval Ravikant
#Great
#People
#Quality
#Thoughts
#Time
It's probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin. - Naval Ravikant
#Bills
#Bitcoin
#Cheaper
#Easier
#Than
Just as the web democratized publishing and development, Bitcoin can democratize building new financial services. Contracts can be entered into, verified, and enforced completely electronically, using any third-party that you care to trust, or by the code itself. - Naval Ravikant
#Bitcoin
#Building
#Care
#New
#Trust
A block chain is a series of blocks. Each block is a series of computations done by computers all over the world using serious cryptography in a way that's very hard to undo. - Naval Ravikant
#Computers
#Done
#Serious
#Way
#World
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. - Naval Ravikant
#Cash
#Dividends
#More
#Payments
#Wills
Cryptocurrencies are an emergent property of the Internet - almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it would still be necessary to invent them. - Naval Ravikant
#Exist
#Internet
#Necessary
#Property
Oddly enough, Bruce Lee wrote some great philosophy. - Naval Ravikant
#Bruce
#Enough
#Great
#Philosophy
#Some
I think it just helps to be very aware that fundamentally, there are no adults. Everyone is making it up as they go along. You have to find your own path, picking, choosing, taking and discarding as you see fit. - Naval Ravikant
#Everyone
#Find
#Own
#Path
#See
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. - Naval Ravikant
#Bitcoin
#Blockchain
#Broken
#Compromise
We can code wills, escrows, trusts, notaries, revokable charge backs, proof of contracts, intellectual property enforcement. What Wall Street does can be done in code by Bitcoin. - Naval Ravikant
#Bitcoin
#Done
#Intellectual
#Street
If you're investing in a company in the Bitcoin economy, you have to compare the valuation of the company to the valuation of the entire economy. - Naval Ravikant
#Bitcoin
#Company
#Compare
#Economy
#You
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. - Naval Ravikant
#Good
#Karma
#Long
#Project
#Start
It's almost always possible to be honest and positive. - Naval Ravikant
#Almost
#Always
#Positive
#Possible
People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions. - Naval Ravikant
#About
#Bitcoin
#Gold
#Money
#People
While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all. - Naval Ravikant
#Bitcoin
#Credit
#Down
#Infrastructure
Money is a bubble that never pops. It's a consensus hallucination. - Naval Ravikant
#Bubble
#Consensus
#Hallucination
#Money
#Never
#Pops
We're going to try and prove to the market that you can do a legal coin offering. If the SEC doesn't crack down, this party will be amazing - the biggest party in town for a long time. If they do crack down, a lot of people are going to feel a lot of pain. - Naval Ravikant
#Amazing
#Legal
#Long
#Pain
#Time
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. - Naval Ravikant
#Bitcoin
#Circle
#Group
#Legal
#People
#Will
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. - Naval Ravikant
#American
#Bank
#Bitcoin
#Government
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. - Naval Ravikant
#Computers
#Concept
#Everything
#Money
#Things
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