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Published · transcript-backed

David Rosenthal: belief

19 Jan 2021 Acquired Bitcoin

“I think a grade is actually pretty poor here relative to the initial intentions.”

— David Rosenthal

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Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
19 Jan 2021
Publisher
Acquired
Episode
Bitcoin

Transcript context

…It’s by far the greatest investment opportunity of all time in humanity. Over the past 10 years, for sure. Okay, that's easy. That's not that interesting. How would you grade Bitcoin in its original purpose as laid out in the white paper of becoming a native internet currency medium of transaction for the internet? I think a grade is actually pretty poor here relative to the initial intentions. Now with that said, it could prove with the 20-year lens. Let's say we're sitting here in 2028 from the white paper's initial beginning of the authoring. It actually works really well if they can figure out these other layers of Bitcoin—how they sort of interact and how you can do much higher velocity lower value transactions in a cheap way. It may be the case that it ends up great, but so far, no. It's been pretty poor for that.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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