It is the inherent nature of Bitcoin that knowledge of securing and using BTC cannot be delegated or outsourced. There is no alternative to personal responsibility for anyone interested in using this system. - @saifedean https://t.co/180jER9Yo4
If you approach Bitcoin as if it's just a:
* currency
* company
* database
* democracy
* developer platform
* science experiment
* social network
* religion
... you're gonna have a bad time. Bitcoin is a chimera and should be approached with a humble, flexible perspective.
Nouriel Roubini mocked Bitcoin HODLers five years ago this month when Bitcoin plunged to $58.
His professorship, credentials & connections didn't give him insights then and they don't now.
He has no likely gained no more understanding of economics than he had half a decade ago. https://t.co/hyhbGfvXqy
"Our ancestors said: 'This is as good as written in stone.' Our grandchildren will say 'This is as good as written on the blockchain.' Because it is the new standard of immutability, and it is globally accessible. https://t.co/URgcUPXsmw
It's fashinating: w/ negligible exceptions, almost every single line that you can read on newspapers about Bitcoin & related topics are ABSOLUTELY wrong/false. Not just slightly incorrect or oversimplified: the complete, exact OPPOSITE of reality!
My favourites:
“Maybe we didn’t make money with them. Maybe we did. Doesn’t matter. Standup people are standup people.
So when you are operating in the business world, remember that what goes around comes around.” -@fredwilson
https://t.co/Ogpp1taYtP
If someone proposes that "blockchain can solve X"... ask them "Which blockchain?" If they are confused by that question, they may not know what they're talking about.
Me: "Use hardware wallets, most people can't do paper wallets securely. DON'T recommend paper wallets to non-experts"
1000 responses: "Use paper wallets, here's how: [complicated insecure method]"
17/ Being visionary and effectively communicating the vision are two very different things. It doesn’t work to be the former without the latter. The latter requires repetition. A lot of repetition.
16/ Vision > I didn’t communicate our vision often enough. I still don’t. Whenever we go 60+ days without a vision talk, we begin to fray at the edges. Our vision is here: https://t.co/4912vFcdUU
15/ It took me 2 years to write our mission down. I thought I knew what it was so I didn’t bother. Big mistake. A mission is your North Star. Ours is “To help entrepreneurs thrive by giving them the capital and resources they need.”
1/ In honor of all the CEOs who have told me they are "crushing it," and that they “can’t keep up with the growth” - I’d like to put forward just some of the many many mistakes I’ve made as CEO. Some were bad for @CircleUp , some were just embarrassing:
Sheri Kaiserman, the first person on Wall Street to write a report on Bitcoin in 2013, has left the Securities firm she ran to start a crypto fund.
Crypto is stealing the best talent from Silicon Valley & Wall Street. This will have a positive impact for the next decade.