I love this stuff - bitcoin, ethereum, blockchain technology - and what the future holds.
We set up a small bitcoin and ethereum mining operation... that miraculously now is actually making a lot of money.
We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers. Too often we see bitcoin and blockchain technologies as solutions in search of a problem. We don't just need these systems to be technically better than the alternatives - we need them to be more user-friendly.
Energy and bitcoin work really well together because you can pay out in micro-transaction units. As the energy gets used, they pay out, and it's by the kilowatt rather than by the month.
I trust bitcoin more than I trust my bank.
Coinbase is 'the' brand in the Bitcoin space. Their founder Brian Armstrong was amongst the first good entrepreneurs to emerge in this space. While others championed ideological or underground/illicit interests, Brian saw an opportunity to change the world for the better and build a big business out of it.
If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin.
The next phase of the journey is to move from speculation to actual use cases - people getting into Bitcoin because they want to use it.
I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.
What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.
