Peter Thiel on Bitcoin - page 3. | Bitcointalksearch.org

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: matonis on February 20, 2012, 08:34:36 AM

Quote from: herzmeister on February 20, 2012, 05:46:32 AM

of course the rich, if acting out of self-interest, would advocate a top-down cyber-currency backed by gold or by big corps (google, facebook) rather than a digital grassroots bottom-up currency like bitcoin.

Yep, Thiel lost it for me after they caved and rolled-over on their original vision for PayPal.
http://reason.com/archives/2005/08/01/who-killed-paypal

I found this interesting in that quoted article:

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Industry publications hinted that the IPO was PayPal's way of shopping for a savior, while one Silicon Valley lawyer wrote in the California legal publication The Recorder that PayPal was an ideal money laundering mechanism for "drug dealers and domestic terrorists," despite the successful anti-fraud devices concocted by Levchin's tech team.

Bitcoin:

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A way for people to protect the money they earn from greedy governments and protect private purchases from the prying eyes of regulators.

Trader Steve

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"How do you eat an elephant? One bit at a time..."

Quote from: evoorhees on February 20, 2012, 11:29:23 AM

Proving Peter Thiel wrong in 3, 2, 1.... http://www.thebitcointrader.com/2011/12/goldmoney-is-no-longer-money.html

Why is it so hard for people to understand that a "gold backed" currency has counter-party risk in the backer?? Sure, it's superior to fiat, but it's inferior to a decentralized commodity currency like Bitcoin.

+1

evoorhees

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Democracy is the original 51% attack

Proving Peter Thiel wrong in 3, 2, 1.... http://www.thebitcointrader.com/2011/12/goldmoney-is-no-longer-money.html

Why is it so hard for people to understand that a "gold backed" currency has counter-party risk in the backer?? Sure, it's superior to fiat, but it's inferior to a decentralized commodity currency like Bitcoin.

crawdaddy

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Quote from: NOTtheMessiah on February 20, 2012, 12:01:48 AM

This weekend I was at the International Students for Liberty conference where Peter Thiel gave the opening keynote. I asked him about PayPal's crypto-anarchist roots and the future of Bitcoin and currencies that might follow (in retrospect, I should have specified Bitcoin, because he was a bit vague with his response), and he seemed somewhat fond of the idea, hinted that some sort of cyber-currency future is inevitable, but said that Bitcoin isn't likely to have the network effects necessary to take off, and said that gold-backed currencies already have a great deal of support, and would serve as a better fit for a competing currency. He said that he would have more to say on the topic. Someone I talked to who attended a private social with Thiel mentioned there was an impression that Thiel hadn't done his homework when further questioned on the topic.

I don't have his exact response, but I know the event was taped, and suspect that videos will be uploaded by Students for Liberty after editing.

I'm SFL Alumni and really wanted to attend that conference and hear Peter talk . What college are you from?

matonis

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Quote from: herzmeister on February 20, 2012, 05:46:32 AM

of course the rich, if acting out of self-interest, would advocate a top-down cyber-currency backed by gold or by big corps (google, facebook) rather than a digital grassroots bottom-up currency like bitcoin.

Yep, Thiel lost it for me after they caved and rolled-over on their original vision for PayPal.
http://reason.com/archives/2005/08/01/who-killed-paypal

herzmeister

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of course the rich, if acting out of self-interest, would advocate a top-down cyber-currency backed by gold or by big corps (google, facebook) rather than a digital grassroots bottom-up currency like bitcoin.

kurtosis

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Quote from: Phinnaeus Gage on February 20, 2012, 02:48:09 AM

Did you know?: http://en.wikipedia.org/wiki/Peter_Thiel

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Thiel is listed as a member of the Steering Committee of The Bilderberg Group, a controversial group of influential business and government leaders who meet annually behind closed doors under a media blackout to discuss world issues.

He's an interesting cat for sure. Log cabin Republican, strong Libertarian, and basically head of the Bilderbergs. One of these things is not like the others (and these days, that would be Libertarian rather than Bilderberg).

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Looks like the videos are just now starting to hit YouTube: http://www.youtube.com/watch?v=38ScwWPoR38

Did you know?: http://en.wikipedia.org/wiki/Peter_Thiel

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Thiel is listed as a member of the Steering Committee of The Bilderberg Group, a controversial group of influential business and government leaders who meet annually behind closed doors under a media blackout to discuss world issues.

FlipPro

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Sounds like he has not done any of his homework...

But then again why would he?

stick_theman

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Isn't he the guy behind funding a city build on the ocean for startups? What a cool guy.

NOTtheMessiah

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This weekend I was at the International Students for Liberty conference where Peter Thiel gave the opening keynote. I asked him about PayPal's crypto-anarchist roots and the future of Bitcoin and currencies that might follow (in retrospect, I should have specified Bitcoin, because he was a bit vague with his response), and he seemed somewhat fond of the idea, hinted that some sort of cyber-currency future is inevitable, but said that Bitcoin isn't likely to have the network effects necessary to take off, and said that gold-backed currencies already have a great deal of support, and would serve as a better fit for a competing currency. He said that he would have more to say on the topic. Someone I talked to who attended a private social with Thiel mentioned there was an impression that Thiel hadn't done his homework when further questioned on the topic.

I don't have his exact response, but I know the event was taped, and suspect that videos will be uploaded by Students for Liberty after editing.

Edit1: CoinSpeculator shares details of a more in-depth discussion with Thiel
https://bitcointalksearch.org/topic/m.760848

Edit2: The official video of his response is up:
http://www.youtube.com/watch?v=5fsUMoHZ1cY#t=857s

Topic: Peter Thiel on Bitcoin - page 3. (Read 7894 times)