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All Quotes by author - Naval Ravikant
" A block chain is a series of blocks. Each block is a series of computations done by computers all over the world using serious cryptography in a way that's very hard to undo. "
Done
Way
World
" Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. "
Payments
More
Cash
" Be present. Be meditative. Form real friendships. Stay away from business networking events or friendships where there is always an underlying business angle. "
Business
Present
Networking
" China may censor YouTube. China may censor Twitter. They won't be able to censor Bitcoin. There's no central authority. There's no one you can go to and say, 'We're going to turn Bitcoin off.' "
Go
Turn
You
" Cryptocurrencies are an emergent property of the Internet - almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it would still be necessary to invent them. "
Property
Exist
Almost
" Cryptocurrencies like Bitcoin are already trustless - any machine can accept it from any other, securely. They are (nearly) free. They are global - no central bank required, and any machine can speak the language. "
Free
Accept
Speak
" Cryptocurrencies will create a fifth protocol layer powering the next generation of the Internet. "
Create
Will
Next
" Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn't require external institutions or trusted third parties to validate things. "
Things
Money
Computers
" Entrepreneurship is really hard and painful - I'm not sure I'd recommend it for anyone who can't handle the extreme stress. "
Stress
Hard
Handle
" 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. "
People
Start
You
" Having a million-dollar net worth doesn't make you a genius, and having less than a million-dollar net worth doesn't make you a fool. "
Less
You
Than
" Humans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine. "
Talk
Cards
Credit
" ICOs are obviously a new and interesting form of funding for blockchain-based protocols, but it's not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins. "
Interesting
Clear
Use
" 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. "
Investing
Company
You
" If you use a bad password, your Bitcoin will get stolen. "
Stolen
You
Your
" I think almost everything about humans and human civilization is explained better by evolution than anything else. "
Evolution
Better
Civilization
" I think it just helps to be very aware that fundamentally, there are no adults. Everyone is making it up as they go along. You have to find your own path, picking, choosing, taking and discarding as you see fit. "
Find
You
Think
" I think long-term, Bitcoin is a currency of the Internet. So, even if humans don't use it, routers will use it. Web browsers will use it. Web servers will use it. "
Currency
Will
Web
" I think of Twitter as the place where I go to have a great conversation when I can't have one locally, which seems to be all the time, and the more time that I spend on Twitter, the more I sort of curate this incredible group of very intelligent people that I just get to know purely through the quality of their thoughts. "
Quality
Great
Time
" It's almost always possible to be honest and positive. "
Honest
Positive
Possible
" 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. "
Money
Think
Cash
" It's probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin. "
Bills
Bitcoin
Than
" Just as the web democratized publishing and development, Bitcoin can democratize building new financial services. Contracts can be entered into, verified, and enforced completely electronically, using any third-party that you care to trust, or by the code itself. "
Financial
Trust
You
" Money is a bubble that never pops. It's a consensus hallucination. "
Consensus
Money
Bubble
" Nation states that are used to imposing capital controls will face a quandary: ban cryptocurrencies and live in the technology dustbin; enable them, and this virus - this religion, this protocol - will enable the free flow of money and language, along with packets, around the globe. "
Live
Money
Technology
" Oddly enough, Bruce Lee wrote some great philosophy. "
Enough
Wrote
Some
" Our mission is to help founders and anyone or anything that helps founders helps us with our mission. "
Help
Anything
Founders
" People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions. "
Think
You
Cash
" Take a very small amount of money, your throwaway money, treat it as if it's already gone, you've mentally set it on fire, and put it in some distribution of a few truly legit layer 1 blockchains. "
Small
Money
Gone
" The best founders are extremely thoughtful and have an eye for quality. I don't know if there's any generic advice here that would be helpful. Startup knowledge is a moving target. "
Knowledge
Best
Moving
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