The Internet is programmable information. The blockchain is programmable scarcity.
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.
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
It used to be that you had to come to Silicon Valley, walk up Sand Hill Road, network with individuals. That's now being completely changed and turned on its head by the whole ICO thing.
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.
Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
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.
Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.
Our nation of immigrants is, tautologically, a nation of emigrants.
The future of technology is not really location-based apps; it is about making location completely unimportant.
Mobile technology makes us ever more mobile, increasingly permitting not just easier movement around a home base but permanent international relocation.