Regarding Bitcoin I repeat what I said about IBM and
computers: the people who invent
something don't necessarily become the
ones who succeed.
We do know that the
world has a money problem. We do know
that the Internet is changing everything
we know. My children will
probably never go to a bank when they're
adults. My children will probably never go to a post office
when they're adults. So the Internet is
changing everything we know and it's going
to change money.
If you go to China now
most people don't have money. If they
want to buy a cup of tea they put their
phone on the spot. If they want to buy a car
they put their phone on the spot. So the
Internet is gonna change everything we
know.
How it's going to evolve I don't
know. I do know that governments do not
like to lose control., governments want to
control everything, the crypto people say, "yes, but we're smarter than the
government" and they are. Everybody's
smarter than the government but the
government has more guns than everybody
else so if the government wants to
control money they will.
