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.

The difference between a vision and a hallucination is that other people can see the vision.

Working for a big company is, I believe, much risker than it looks.

In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day

There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.

Smart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.

The good news about building a company during times like this is that the companies that do succeed are going to be extremely strong and resilient.