Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. Naval Ravikant Read Quote
I think almost everything about humans and human civilization is explained better by evolution than anything else. Naval Ravikant Read Quote
Be present. Be meditative. Form real friendships. Stay away from business networking events or friendships where there is always an underlying business angle. Naval Ravikant Read Quote
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. Naval Ravikant Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
It’s probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin. Naval Ravikant Read Quote
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 Read Quote
We are seeing a lot of cases where the startups are writing the term sheet, dictating the terms, selling common stock instead of preferred stock, where they don’t give the investor veto rights or board seat or privileges, and they are really asking the investor — why should I take your money when there is other money available. Naval Ravikant Read Quote
