Companies in every industry need to assume that a software revolution is coming.

People tend to think of the web as a way to get information or perhaps as a place to carry out e-commerce. But really, the web is about accessing applications.

The gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous.

If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.

Companies in every industry need to assume that a software revolution is coming.

People are so bad at driving cars that computers don't have to be that good to be much better. Any time you stand in line at the D.M.V. and look around, you're like, 'Oh, my God, I wish all these people were replaced by computer drivers.'

There's no such thing as the middle class. It's absolutely vanishing.