A mistake is not something to be determined after the fact, but in the light of the information until that point.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.

If my detractors knew me better they would hate me even more.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.

There are systems that use failure as fuel for improvement, where the cost of failure is small.