Naval Ravikant on Bitcoin - Crypto Analysis, Rankings ...

@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it.

@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it. submitted by ebwvibfhwbovchwdshjd to Bitcoin [link] [comments]

@MrTurkey @naval Bitcoin is loaded with hassle fees. 2% on the way in, a percentage on each trade, exchange rate ri… https://t.co/9quxWuIBJ5 - Crypto Insider Info - Whales's

Posted at: May 15, 2018 at 07:49AM
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@MrTurkey @naval Bitcoin is loaded with hassle fees. 2% on the way in, a percentage on each trade, exchange rate ri… https://t.co/9quxWuIBJ5
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@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it.

@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Uber, Twitter Angel Investor Naval Ravikant Explains Why Bitcoin Is So Important

Uber, Twitter Angel Investor Naval Ravikant Explains Why Bitcoin Is So Important submitted by DetroitMotorShow to CryptoCurrency [link] [comments]

When Naval talks about asymmetric opportunities or risks, what does it exactly mean? He gives as some examples buying bitcoin, moving to a big city, starting a company and investing in startups.

submitted by fuufufufuf to NavalRavikant [link] [comments]

Uber, Twitter Angel Investor Naval Ravikant Explains Why Bitcoin Is So Important (x-post from /r/Cryptocurrency)

Uber, Twitter Angel Investor Naval Ravikant Explains Why Bitcoin Is So Important (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Prominent Silicon Valley investor Naval doesnt think Bitcoin goes to $3k again (current BTC/USD price is $11,364.15)

Latest Bitcoin News:
Prominent Silicon Valley investor Naval doesnt think Bitcoin goes to $3k again
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." | AngelList CEO Naval Ravikant

submitted by finalhedge to Bitcoin [link] [comments]

"Money has a powerful network effect. The first country to embrace Bitcoin will tip the rest of the world and end up fabulously wealthy" | AngelList CEO Naval Ravikant

submitted by finalhedge to Bitcoin [link] [comments]

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Bitcoins Everywhere Inverted Assassins Creed Odyssey Epic Naval Battle Y7713 Wallpaper
Bitcoins Everywhere Inverted Assassins Creed Odyssey Epic Naval Battle Y7713 Wallpaper
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Bitcoins From Above Assassins Creed Odyssey Epic Naval Battle Y7713 Wallpaper
Bitcoins From Above Assassins Creed Odyssey Epic Naval Battle Y7713 Wallpaper
Is Bitcoin Anonymous? Even though Bitcoin is not entirely anonymous, you can still stay out of trouble when transacting BTC. Third party companies have been born to help Bitcoin users get the anonymity they require. It is called a Bitcoin mixer, and using one is the best way to work with Bitcoin if you are really concerned about your identity.
submitted by bitcoinwallpaper3 to BitcoinWallpaper [link] [comments]

Bitcoins From Above Assassins Creed Odyssey Naval Battle V7414 Wallpaper

Bitcoins From Above Assassins Creed Odyssey Naval Battle V7414 Wallpaper
Bitcoins From Above Assassins Creed Odyssey Naval Battle V7414 Wallpaper
Is Bitcoin Anonymous? Even though Bitcoin is not entirely anonymous, you can still stay out of trouble when transacting BTC. Third party companies have been born to help Bitcoin users get the anonymity they require. It is called a Bitcoin mixer, and using one is the best way to work with Bitcoin if you are really concerned about your identity.
submitted by bitcoinwallpaper3 to BitcoinWallpaper [link] [comments]

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Need a professional bitcoin mixer that will mix the heck out of your bitcoins?
Safety Tip: Always be safe and properly investigate a company before sending it BTC.
submitted by bitcoinwallpaper3 to BitcoinWallpaper [link] [comments]

Naval Ravikant: "Bitcoin cannot coexist with patents. The whole point of Bitcoin is decentralization. Patents are government-enforced centralized monopolies."

Naval Ravikant: submitted by a56fg4bjgm345 to Bitcoin [link] [comments]

Audiomusic about wealth building, everything he says makes me think BITCOIN is a huge part of the answer: NAVAL - HOW TO GET RICH | Full Album | Lofi hip-hop | Meaningwave | Akira The Don

Audiomusic about wealth building, everything he says makes me think BITCOIN is a huge part of the answer: NAVAL - HOW TO GET RICH | Full Album | Lofi hip-hop | Meaningwave | Akira The Don submitted by ClintRichards to Bitcoin [link] [comments]

Naval Ravikant on Twitter "All Bitcoin has to do to become the premier store of value is...survive."

Naval Ravikant on Twitter submitted by Coinivore to Bitcoin [link] [comments]

Naval Ravikant on Bitcoin as Free Speech

Naval Ravikant on Bitcoin as Free Speech submitted by RationalTechOptimist to Bitcoin [link] [comments]

Bitcoin In Their Own Words: Naval Ravikant

Bitcoin In Their Own Words: Naval Ravikant submitted by AliBongo88 to Bitcoin [link] [comments]

BitcoinMeister - The Beyond Bitcoin Show- Episode 61- Naval Ravikant knowledge!

BitcoinMeister - The Beyond Bitcoin Show- Episode 61- Naval Ravikant knowledge! submitted by Yanlii to cryptovideos [link] [comments]

Why Bitcoin is Superior to Gold

There is a constant war being fought between goldbugs, like Peter Schiff, and Bitcoin enthusiasts so I decided to make an outline, with links, comparing and contrasting gold and Bitcoin. I made this in November of 2019 (thus the information therein is based on figures from that time) but, being scatter brained, neglected to post this for the Bitcoin community to see. The yardsticks I used to compare the two assets included the following: shipping/transactions costs, storage costs, censorship factor, settlement time, stock to flow, blockchain vs clearing house, validation, etc. I will also touch on Roosevelt's gold confiscation executive order in 1933, transporting gold during the Spanish Civil War in 1936, and the hypothetical cost for Venezuela to repatriate its gold more recently.
I will provide a brief summary first then follow that with the outline I made. This information can be used as a tool for the Bitcoin community to combat some of the silly rhetoric coming from goldbugs such as Peter Schiff and James Rickards. I would like to make it clear, however, that I am not against gold and think that it performed its role as money very well in a technologically inferior era, namely Victorian times but I think Bitcoin performs the functions of money better than gold does in the current environment.
I have been looking to make a contribution to the Bitcoin community and I hope this is a useful and educational tool for everyone who reads this.
Summary:
Shipping/transaction costs: 100 ounces of gold could be shipped for 315 dollars; the comparable dollar value in Bitcoin could be sent for 35 dollars using a non-segwit address. Using historical precendent, it would cost an estimated $32,997,989 to transport $1 billion in gold using the 3.3% fee that the Soviets charged the Spaniards in 1936; a $1 billion Bitcoin transaction moved for $690 last year by comparison. Please note that the only historic example we can provide for moving enormous sums of gold was when the government of Spain transported gold to Moscow during the Spanish Civil War in 1936. More information on this topic will be found in the notes section.
Storage costs: 100 ounces of gold would require $451 per year to custody while the equivalent value of Bitcoin in dollar terms could be stored for the cost of a Ledger Nano S, $59.99. $1 billion USD value of gold would cost $2,900,000 per year while an Armory set up that is more secure would run you the cost of a laptop, $200-300.
Censorship factor: Gold must pass through a 3rd party whenever it is shipped, whether for a transaction or for personal transportation. Gold will typically have to be declared and a customs duty may be imposed when crossing international borders. The key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult. $46,000 of gold was seized in India despite the smugglers hiding it in their rectums.
Settlement time: Shipping gold based on 100 ounces takes anywhere from 3-10 days while Bitcoin transactions clear in roughly 10 minutes depending on network congestion and fee size.
Historic confiscation: Franklin Roosevelt confiscated and debased the paper value of gold in 1933 with Executive Order 6102. Since gold is physical in nature and value dense, it is often stored in custodial vaults like banks and so forth which act as a honeypot for rapacious governments.
Stock to flow: Plan B's stock to flow model has become a favorite on twitter. Stock to flow measures the relationship between the total stock of an asset against the amount that is produced in a given year. Currently gold still has the highest value at 62 while Bitcoin sits at 50 in 2nd place. Bitcoin will overtake gold in 2024 after the next halving.
Blockchain vs clearing house: gold payments historically passed through a 3rd party (clearinghouse) in order to be validated while Bitcoin transactions can be self validated through the use of a node.
Key Takeaway from above- Bitcoin is vastly superior to gold in terms of cost, speed, and censorship resistance. One could theoretically carry around an enormous sum of Bitcoin on a cold card while the equivalent dollar value of gold would require a wheelbarrow...and create an enormous target on the back of the transporter. With the exception of the stock to flow ratio (which will flip in Bitcoin's favor soon), Bitcoin is superior to gold by all metrics covered.
Notes:
Shipping/transaction costs
Gold
100 oz = 155,500. 45 x 7 = $315 to ship 100 oz gold.
https://seekingalpha.com/instablog/839735-katchum/2547831-how-much-does-it-cost-to-ship-silver-and-gold
https://www.coininvest.com/en/shipping-prices/
211 tonnes Venezuela; 3.3% of $10.5 billion = 346,478,880 or 32,997,989/billion usd
http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/ (counter party risk; maduro; quotes from article)
Bitcoin
18 bitcoin equivalent value; 35 USD with legacy address
https://blockexplorer.com/
https://bitcoinfees.info/
1 billion; $690 dollars
https://arstechnica.com/tech-policy/2019/09/someone-moved-1-billion-in-a-single-bitcoin-transaction/
Storage costs
Gold
.29% annually; https://sdbullion.com/gold-silver-storage
100 oz – $451/year
$1 billion USD value – $2,900,000/year
Bitcoin
Ledger Nano S - $59.00 (for less bitcoin)
https://shop.ledger.com/products/ledger-nano-s/transparent?flow_country=USA&gclid=EAIaIQobChMI3ILV5O-Z5wIVTtbACh1zTAwqEAQYASABEgJ5SPD_BwE
Armory - $200-300 cost of laptop for setup
https://www.bitcoinarmory.com/
Censorship factor (must pass through 3rd party)
Varies by country
Gold will typically have to be declared and a customs duty may be imposed
Key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult
$46,000 seized in India
https://www.foxnews.com/travel/indian-airport-stops-29-passengers-smuggling-gold-in-their-rectums
Settlement time
Gold
For 100 oz transaction by USPS 3-10 days (must pass through 3rd party)
Bitcoin
Roughly 10 minutes to be included in next block
Historic confiscation-roosevelt 1933
Executive Order 6102 (forced spending, fed could ban cash, go through and get quotes)
https://en.wikipedia.org/wiki/Executive_Order_6102
“The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse”
Stock to flow; https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 (explain what it is and use charts in article)
Gold; SF of 62
Bitcoin; SF of 25 but will double to 50 after May (and to 100 in four years)
Blockchain vs clearing house
Transactions can be validated by running a full node vs. third party settlement
Validation
Gold; https://www.goldismoney2.com/threads/cost-to-assay.6732/
(Read some responses)
Bitcoin
Cost of electricity to run a full node
Breaking down Venezuela conundrum; http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/
“The last (and only) known case of this kind of quantity of gold being transported across state lines took place almost exactly 75 years ago, in 1936, when the government of Spain removed 560 tons of gold from Madrid to Moscow as the armies of Francisco Franco approached. Most of the gold was exchanged for Russian weaponry, with the Soviet Union keeping 2.1% of the funds in the form of commissions and brokerage, and an additional 1.2% in the form of transport, deposit, melting, and refining expenses.”
“Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated. “It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.”
“So maybe Chávez intends to take matters into his own hands, and just sail the booty back to Venezuela on one of his own naval ships. Again, the theft risk is obvious — seamen can be greedy too — and this time there would be no insurance. Chávez is pretty crazy, but I don’t think he’d risk $12 billion that way.”
“Which leaves one final alternative. Gold is fungible, and people are actually willing to pay a premium to buy gold which is sitting in the Bank of England’s ultra-secure vaults. So why bother transporting that gold at all? Venezuela could enter into an intercontinental repo transaction, where it sells its gold in the Bank of England to some counterparty, and then promises to buy it all back at a modest discount, on condition that it’s physically delivered to the Venezuelan central bank in Caracas. It would then be up to the counterparty to work out how to get 211 tons of gold to Caracas by a certain date. That gold could be sourced anywhere in the world, and transported in any conceivable manner — being much less predictable and transparent, those shipments would also be much harder to hijack. How much of a discount would a counterparty require to enter into this kind of transaction? Much more than 3.3%, is my guess. And again, it’s not entirely clear who would even be willing to entertain the idea. Glencore, perhaps?”
“But here’s one last idea: why doesn’t Chávez crowdsource the problem? He could simply open a gold window at the Banco Central de Venezuela, where anybody at all could deliver standard gold bars. In return, the central bank would transfer to that person an equal number of gold bars in the custody of the Bank of England, plus a modest bounty of say 2% — that’s over $15,000 per 400-ounce bar, at current rates. It would take a little while, but eventually the gold would start trickling in: if you’re willing to pay a constant premium of 2% over the market price for a good, you can be sure that the good in question will ultimately find its way to your door. And the 2% cost of acquiring all that gold would surely be much lower than the cost of insuring and shipping it from England. It would be an elegant market-based solution to an artificial and ideologically-driven problem; I daresay Chávez might even chuckle at the irony of it. He’d just need to watch out for a rise in Andean banditry, as thieves tried to steal the bars on their disparate journeys into Venezuela.”
submitted by cornish_roots to Bitcoin [link] [comments]

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"Bitcoin is a long-term self-fulfilling prophecy. If it survives for 20 years, there is a generation that will consider it as good as gold." | Naval Ravikant on Twitter

submitted by finalhedge to Bitcoin [link] [comments]

Naval Ravikant talks about Bitcoin YouTube Talks at GS – Naval Ravikant: The Capital Play Behind Blockchain and Cryptocurrency Nicholas Weaver talks about Bitcoin at the Naval Postgraduate School Joe Rogan Experience #1309 - Naval Ravikant - YouTube

Should Navalny be in possession of any Bitcoin and the associated private keys, the Russian authorities’ chances of seizing them would be zero to none. Many activists exposed to similar risks are already using Bitcoin for this exact purspose. For example, Wikileaks holds approximately $40 Million of its reserves in Bitcoin. Binance in Russia. Earlier today, news broke of Russian media ... Predictions Platform Polymarket Raises $4M From Polychain, Naval Ravikant and More Oct 21, 2020 at 09:51 UTC Updated Oct 22, 2020 at 01:57 UTC (focal point/Shutterstock) All Bitcoin reviews by expert Naval Ravikant. Filter By. Apply Filters Sort by. Search. Show. 2019; Naval Ravikant on Bitcoin CEO and Co-founder of AngelList. The longer survives, the more people trust it as a store of value, the more the price goes up. As the price rises, it pulls in more hashpower (security) and more developers. A self-fulfilling, positive feedback loop based purely on ... If crypto assets really are the "Craziest Bubble Ever," then Naval Ravikant is the movement's elder statesman. The founder of AngelList, Ravikant didn't talk much about startups in 2017, instead ... France’s Naval Group will conduct repairs to the fire-damaged French nuclear attack submarine Perle, the country’s Minister of the Armed Forces Florence Parly said yesterday.… 23 Oct 2020. News. Rolls-Royce and UK MoD sign MoU for MT30 and WR-21 engine support. Rolls-Royce and the UK Ministry of Defence (MoD) have signed a memorandum of understanding (MoU) on delivering improved ongoing ...

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Naval Ravikant talks about Bitcoin

Naval Ravikant (Angel List) speaks about the future of open source and bitcoins. From Bain Capital Ventures Presents the Open Source Startup Summit Category Bitcoin Protocol Explained 1 - Bitcoin paper broken down step by step. - Duration: 29:34. sentdex Recommended for you. 29:34. Read and Write at a Graduate School Level - Naval Postgraduate School ... Naval Ravikant is an entrepreneur and angel investor, a co-author of Venture Hacks, and a co-maintainer of AngelList. Auf YouTube findest du großartige Videos und erstklassige Musik. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder mit der ganzen Welt teilen. In 2010, Naval Ravikant founded AngelList, an online hub where angel investors meet startups. In this discussion, held at the 2017 Private Internet Company C...

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