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In our early experiences with bitcoin, we found how few people were building bitcoin exchanges the right way. They really weren't taking the regulation seriously; they were taking it too much like how you would approach something when you're 18, full of the excitement of youth and throwing caution to the wind.
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We've weathered a few storms before, like when social networking was considered a fad. I think that we have a track record of being on to something big.
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We didn't grow up in a jock household. In fact, my dad is an entrepreneur. He was a computer programmer; he was a professor of actuarial science at Wharton for 13 years, then started his own company that was software-based.
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Everybody has a good idea, but nothing goes as planned.
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For me, becoming the best you can be in something that you love, like rowing, is incredibly challenging, and what you learn about yourself, the sense of satisfaction as you get older and move on, you'll never forget that. It's huge.
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Dad was a pure entrepreneur. The dinner conversations weren't like, 'Did the Yankees win today?'
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The promise of the Internet is being held back by Visa, Master Card, American Express.
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Every investor around the world wants to invest in U.S. markets because they're regulated and they're licensed. They're trustworthy; they have confidence. If you take that away, the global economy will take a hit like nothing else. We want to create that for Bitcoin.
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Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0.
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Bitcoins - it's freedom. It's very American.
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With Bitcoin, no one has a monopoly of information.
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Our basic thesis for bitcoin is that it is better than gold.
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Cash is going to be killed. It will be nostalgia.
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Gox was a pattern of poor operations, poor customer service, poor PR. You can't just take bitcoin and hide.
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We are pretty firm believers in the fact that you make your own fate, with or without the Facebook ordeal.
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I think fiat currencies will become digital.
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Facebook is like the Internet: a large company and an application. Bitcoin is a protocol for decentralisation, so you could build a decentralised company on top of it, a stock market. It's an Internet of ownership, so it's not quite a direct comparison.
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There's a difference between being a fundamentalist and being al-Qaeda and being Muslim. It's absurd to think otherwise.
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Often, people are afraid to be good at more than one thing.
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To shut down Bitcoin is to shut down the Internet.
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I remember when people called Facebook a fad.
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We dealt with a lot of skepticism early on, when we first spoke about bitcoin.
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We were there at the beginning of the web 2.0.
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Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.