When the Internet first launched, you had all these newspapers saying that the Internet was only used by bad people, to do bad things and what was the point of it. But the Internet changed everything, just like Bitcoin will.
Brock Pierce
The blockchain is going to change everything more than the Internet has.
I call the blockchain 'the Internet of value' and 'the Internet of trust.' Because everything becomes trustless. It's a big distributed ledger. Think of it like an Excel file that's being maintained and updated and managed by millions of computers around the world.
I care about how many people's lives I've positively impacted. That's the unit of measurement I measure myself by.
I've been an entrepreneur and venture capitalist in the cryptocurrency industry for a long time, working with numerous projects.
Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip - blockchain and crypto is the fourth.
Blockchain Capital was the first dedicated venture fund to invest in crypto and blockchain.
Steve Bannon was my right-hand man for, like, seven years. He's a hammer. And when you're a hammer, everything looks like a nail. He's very sure and very smart. Very driven, very patriotic. He's not most of the things that people say.
The only way to fix Puerto Rico is with brain game, to bring the intellectual and human capital there - in a way that it's done with the right intention.
The earliest adopters at scale of crypto were gamers.
Los Angeles has always been one of America's most entrepreneurial cities, but it is hard to recognize this because of how hardwired, literally, 'entpreneurism' has become.
The right way to think about the blockchain is that it's going to replace the entire Internet.
AngelList Syndicates are perfectly aligned with Bitcoin's ideology. They democratize the system so everyone has access to high value dealflow; it's the power of the people.
I'm pretty much working 24 hours a day, seven days a week.
A billionaire is someone who can positively impact a billion lives.
Puerto Ricans are so well educated, they're so capable, they're so competent, but due to a lack of opportunity, when you graduate from college, you leave. Puerto Rico's number one export is human beings; Puerto Ricans!
I care a great deal about what happens to Bitcoin.
I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.
The real problem with Puerto Rico is that it keeps losing its best and brightest. It keeps losing its leaders and its future leaders due to a lack of opportunity.
Being able to borrow against one's crypto assets gives one options, when wanting to purchase a property, and aligns with my philosophy that real estate and tokenization will be a quadrillion dollar market.
It's often lost in most Silicon Valley startups, the importance of storytelling when most people are thinking about they assemble their team and the critical functions that the team needs to be successful. Storytelling is normally not on the list.
We're going to rebuild Puerto Rico with money that we saved from the IRS in a Robin Hood fashion.
As a gamer I know that my least favorite ad types are offer walls.
We're here to take our skills - our superpowers - and figure out how to help Puerto Rico, the Earth and the people.
I'm here on this planet to live in service to humanity.
I don't need to amass a ton of wealth for myself.
Users and entrepreneurs building new business models off the blockchain means that there are competing interests on how best to scale the network. Linux, also an open source software project, had similar growing pains.
Has the Internet changed our lives? Have mobile phones changed our lives? The blockchain is something that is that transformative.
A unicorn is a community that's positively impacted the lives of a billion people.
When you have to start over from scratch, you can do it very differently than if you have this big thing that's kinda been building on top of itself for ages and ages.
I believe everyone is capable of just about anything if you commit yourself to it.
Security tokens are going to give birth to a quadrillion dollar market. This is because we will see the tokenization of the world's fiat money, debt market, real estate, equities, and art.
Most people heard about Bitcoin for the first time in the context of the Mt. Gox collapse. It is our Lehman Brothers.
If you think about it, it requires a lot of effort and time and energy to make money in the real world, and if they made games equally as difficult to make money in, people wouldn't play them. So they are generally designed to be hyper-inflationary because that's more fun.
I built a supply chain of 400,000 people in China to play games professionally to mine digital currency.
It is possible that Bitcoin will fork at some point. The question is whether or not it'll be a contentious fork. This process is a good thing in the long term, though potentially disruptive in the short term.
I only help the superheroes, I don't help the villains.
Most people are playing the game of compounding interest, which is self interest - how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call 'compounding impact.' How do you make a positive impact in the world?
What happened at Mt. Gox is not an isolated incident. This is a plague that continues to play like a bad broken record. As long as this continues to happen, how are we ever going to instill confidence in this industry? How are we better than the old financial system?
The Internet didn't become usable until Netscape because that gave the average person a user interface that was intuitive, simple, friendly - this made it accessible.
The bitcoin/blockchain protocol has never been compromised. Businesses building applications on top of it run the risk of making mistakes.
I'm sorry, but I don't want to be an emperor. That's not my business. I don't want to rule or conquer anyone. I should like to help everyone.
I don't care about money. If I need money, I just make a token.
Casino games are the one kind of content that has stood the test of time for decades.
The Internet wasn't useful until some basic infrastructure was built.
Two-thirds of the world's population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that's a problem that most of the world faces if you're in Latin America, Africa or South East Asia.
If you take the MY out of money, you're left with ONE.
Blockchain Capital has a global investment mandate so it is very possible that we make an investment in India at some point.
Historically venture capital funds have only allowed elite investors in.
Before Blockchain Capital, I was cranking out startups like an incubator.
