2 ms·

That's a GREAT quote.

• pmarreck 9y ago
  One of my faves, it's applied time and again to things. It's why Apple made the right move in removing DRM from their music and simply providing a better service- they knew they were up against a darknet that did not care about these rules (but also did not care about service quality/consistency). And he said this in 1993 (!) How prescient was THAT? People need to realize that risk is itself a market. If everyone avoids risk (such as banks avoiding doing business with any remotely-risky business, such as legal marijuana sales), the first person (or entity) who doesn't shy away from risk stands to gain a lot more than if people were generally less fearful of risk. So cryptocurrencies, being completely fearless, will always fill the financial spaces that have been left vacant by more fearful living entities. ;) Perhaps there is even an entity that has realized this and is working to instill fear in the hearts of everyone in order to reap greater rewards from their own risk-taking. But I'm off into tinfoil-hat territory, there.