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“Which left only rhodium, palladium, platinum, silver, and gold—five of the eight noble metals. Rhodium and palladium wouldn’t be discovered until the 1880s, well after money had been in use for thousands of years; and platinum’s melting point would have been too high for preindustrial furnaces. By process of elimination you were left with silver and gold. Silver tarnished easily and had a much greater industrial application—too useful to make good money—leaving gold just useful enough. “Gold is valuable because of its naturally occurring properties: it’s scarce, durable, portable, divisible, fungible, hard to counterfeit, and easy to authenticate,” Tyler said. “Exactly,” Voorhees responded, “and bitcoin has all of those properties too—”
― Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
― Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
“The less you know, the more soundly you sleep.”
― Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
― Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
“If a man works without any selfish motive in view, does he not gain anything? Yes, he gains the highest. Unselfishness is more paying, only people have not the patience to practice”
― Complete Works of Swami Vivekananda
― Complete Works of Swami Vivekananda
“I felt like Alice following the White Rabbit into a world of impossible dreams: banking without banks, breeding digital cats, self-organizing companies with no CEOs, and talk of flying to the moon.”
― The Infinite Machine
― The Infinite Machine
“Unlike brick-and-mortar retailers, whose inventories were spread out across hundreds or thousands of stores around the country, Amazon had one website and, at that time, a single warehouse and inventory. Amazon’s ratio of fixed costs to revenue was considerably more favorable than that of its offline competitors”
― The Everything Store: Jeff Bezos and the Age of Amazon
― The Everything Store: Jeff Bezos and the Age of Amazon
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