By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.
Many great founders have one or more big failures on their track record. What makes them great is that they eventually succeed despite that.
Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.
By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.
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.
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.
If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains.
There's a tiny number of Bitcoin wizards and an enormous number of smart developers that have no onramp to Bitcoin. We need to make that onramp easier.
Don't do a startup unless you're ideologically driven to make it succeed beyond the economic motivation.