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Michael Seibel

01/20/22

@ Y Combinator

The concept of portable online gold, represented by Bitcoin, is perceived as ten times better than traditional gold, appealing to a market that values ownership of such assets.

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Where Do Great Startup Ideas Come From? – Dalton Caldwell and Michael Seibel

@ Y Combinator

Where Do Great Startup Ideas Come From? – Dalton Caldwell and Michael Seibel

01/20/22

Related Takeaways

Peter H. Diamandis Cast

05/09/25

@ Peter H. Diamandis

Bitcoin is a better form of money than gold due to its portability, divisibility, and proven scarcity, and it is likely to become a significant part of government reserves over time.

Andy Bromberg

09/15/18

@ Y Combinator

Bitcoin is often referred to as digital gold, which means it's more of a store of value rather than a currency used for everyday transactions.

Cathie Wood

02/27/21

@ ARK Invest

Bitcoin's energy consumption is primarily renewable, making it a more sustainable option compared to gold mining.

Jack Dorsey

04/25/20

@ Lex Fridman

The Internet deserves and requires a native currency, which is why I'm a huge believer in Bitcoin.

Jack Dorsey

04/25/20

@ Lex Fridman

A digital currency like Bitcoin can simplify our operations, allowing us to potentially launch a product in every market around the world using the same currency.

Naval Ravikant

10/16/20

@ Tim Ferriss

Digital scarcity, like that of Bitcoin, is as important as digital abundance, allowing for the transmission of value through the internet.

Peter H. Diamandis Cast

05/23/25

@ Peter H. Diamandis

The ability to move instantaneously between stable coins and Bitcoin will be crucial for the future of microtransactions, potentially becoming a significant part of the economy by 2040.

Balaji Srinivasan

10/26/13

@ Y Combinator

With Bitcoin, capital controls will become obsolete, making it difficult for governments to seize assets as they have in the past.

Konstantin Richter

05/03/25

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We're witnessing a golden age for cryptocurrencies, transitioning from being the underdog to becoming a standard in the industry.