Balaji Srinivasan is the CEO of Earn.com, a company that allows people to make money by answering emails and completing tasks. He is also the founder of Counsyl, a genomics startup that helps couples have healthy babies.
He has been described as “the most interesting man in Silicon Valley” by Wired magazine.
He has multiple interesting ideas, a popular one is his idea of a longitudinal arbitrage in hiring people for remote work. Before we see his take on cryptocurrency, let’s first get a short intro to Bitcoin.
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Balaji Srinivasan on Bitcoin: What is his take on Bitcoin?
Bitcoin is the first decentralized digital currency that can be transferred from one person to another without needing any third-party financial institution to take part in the transaction. Bitcoin has been around for about 10 years now and it has grown tremendously since its inception.
Balaji Srinivasan on Bitcoin: What is his take?
Balaji Srinivasan has been one of the most vocal proponents of Bitcoin and blockchain technology in Silicon Valley. He believes that Bitcoin will eventually become “a universal, decentralized substrate for online transactions” and “a single global currency” that will replace all others.
He has stated that his goal is to help make Bitcoin succeed as he believes it can be a great equalizer for people who are not well-served by the current financial system, such as those in countries with hyperinflation or those without adequate banking infrastructure.
Balaji Srinivasan on Bitcoin surge after Tesla buys the cryptocurrency:
Balaji Srinivasan Quotes on Bitcoin:
He spoke about Bitcoin at the Disrupt SF 2017 conference.
“Bitcoin is a technological tour de force.”
“Bitcoin has already achieved something like 10% of the total market capitalization of all global currencies.”
“It’s not an exaggeration to say that we are witnessing the end of fiat money.”