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Who accepted bitcoin. Yes. Is the microphone, give it to him, go ahead. So the best time to plant a tree is 20 years ago and the second best time is today. You need to recognize there is more at stake than revolutionizing shopping in new york city. When you think about the 2. 5 billion people on planet earth that dont have access to a Financial System that completely ignored them, then today there is an opportunity for them with a smart phone to put a bank if their pocket. A bank that lets them inner face, interact with each other, basically for free, and thats a really powerful thing if you t...

Peertopeer lending. There are some credit qualifications on both sides. The bank that provides the credit evaluation is out of the mix. Is that a good thing or a bad thing . Society started off with the barter system before. The first bank was formed i think it is great. System,on, the payment these are all innovations. If there is a market for it and they can do it efficiently and manage the credit risk, god bless them. It going to end in tears . With a set of problems emerging . Nothing is riskfree, particularly around money. Understand thee credit risks they are taking. What really matters ...

Peertopeer lending. There are some credit qualifications on both sides. The bank that provides the credit evaluation is out of the mix. Is that a good thing or a bad thing . Society started off with the barter system before. The first bank was formed i think it is great. Innovation, the payment system, these are all innovations. If there is a market for it and they can do it efficiently and manage the credit risk, god bless them. Is it going to end in tears . With a set of problems emerging . Nothing is riskfree, particularly around money. Again, if people understand the credit risks they are ...

There are great quotes from now the cost talking about these mystical chess grandmasters. Once computers got better, we looked in the rearview window and said, this is just pattern matching. I had the chance to talk to gary and he was the world chess champion. Between intelligence. There are great quotes from now when he first became world champion, he played 32 simultaneous matches against the best chess playing computers and he won 320. 10 years later, ibm beat him in a pretty close match and now it is not even close. They asked how he would prepare for a match against a computer and he said...

Book about economics and then somebody shows you what that actually means. Machines dont think. In the same way, there is a great pioneer of Artificial Intelligence that said airplanes dont flap their wings. We see cool stuff going on in nature and we build machines that get there. When i talk to these uber geeks and i say, are you building artificial brains, they generally say i have no idea how the brain works. I am solving an engineering problem. There are guys who are trying to reverse engineer the brain and put that in silicon. If they are successful, it will take them along time. The ter...