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AB

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.

Video

YC

A Conversation About Crypto-currencies and ICOs with Andy Bromberg

@ Y Combinator

A Conversation About Crypto-currencies and ICOs with Andy Bromberg

09/15/18

Related Takeaways

PH

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.

NR

Naval Ravikant

10/16/20

@ Tim Ferriss

Bitcoin is a store of value that can be easily transferred and verified, but it is also highly volatile and not completely private.

MS

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.

CW

Cathie Wood

02/27/21

@ ARK Invest

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

SA

Sam Altman

06/28/24

@ PowerfulJRE

Bitcoin has the potential to become a universal viable currency due to its limited supply and decentralized nature.

EM

Elon Musk

12/29/21

@ Lex Fridman

The cryptocurrency Dogecoin has a much higher transaction volume capability than Bitcoin, making it potentially more useful as a currency.

NR

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.

NR

Naval Ravikant

10/16/20

@ Tim Ferriss

The demand for Bitcoin is driven by its die-hard believers, ensuring its value as long as there are people willing to trade it for hard assets.

JD

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.