Money is a bubble that never pops. It's a consensus hallucination.
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“Money is a bubble that never pops. It's a consensus hallucination.”
— Naval Ravikant · Bubble
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MotivationalLife LessonsAgeSuccessLoveFriendshipWisdomBrainyBusinessCarChanceChristmasCommunicationComputersCoolDadDatingDesignDietEasterEducationEnvironmentalEqualityExperienceFaithFather's DayFinanceFitnessFoodFunnyFutureGardeningGovernmentGraduationGreatHistoryHomeImaginationIndependenceInspirationalIntelligenceJealousyLife QuotesMarriageMedicalMemorial DayMenMomMoneyMorningMother's DayMoviesMoving OnMusicNew Year'sParentingPatriotismPetPoliticsPositivePowerRelationshipRelationshipsReligionScienceSmileSocietySpaceSportsSympathyTeacherTechnologyTeenThankfulThanksgivingValentine's DayTravelVeterans DayWarWeddingWomenWorkInspirationLove QuotesGodRomanceDeathPoetryArchitectureDreamsLeadershipBirthdayOtherActionAdversityAttitudeBeautyBeliefChangeCharacterCompassionConfidenceCourageCreativityCuriosityDisciplineExcellenceFailureFamilyFearFocusForgivenessFreedomArtGoalsGratitudeGrowthHappinessHard WorkHealingHealthHopeHumilityHumorJourneyKindnessKnowledgeLetting GoLifeBestMindfulnessMindsetNatureOpportunityOvercomingPatiencePeacePerseverancePhilosophyPotentialProgressPurposeSelf ImprovementSimplicitySpiritualityStrengthTimeTrustTruthWealthGood
✦ About the Author
✦ More by Naval Ravikant
“
Money is a bubble that never pops. It's a consensus hallucination.
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Cryptocurrencies are an emergent property of the Internet - almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it would still be necessary to invent them.
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Cryptocurrencies like Bitcoin are already trustless - any machine can accept it from any other, securely. They are (nearly) free. They are global - no central bank required, and any machine can speak the language.
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If you're investing in a company in the Bitcoin economy, you have to compare the valuation of the company to the valuation of the entire economy.
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✦ More Bubble Quotes
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Am I happiest on the farm or out in the middle? I am a cricketer, but the farm is a very special place and I absolutely love being in the countryside and getting away from the bubble. I like to think I'm a farmer, but there's so much experience that goes into that.
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The reality is that not only were we massively hit in 2008 when the bubble burst, and then we realized how deep the social gap, the economic gap in the world is between the super rich and the poor; also, we realized how impacted the environment has been. So there's been a physical consequence of that.
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I'm just not the outgoing bubble of energy. But if I know you, it's different. Practical jokes. Have fun. I'm not looking for any new friends. I got my friends.
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I lived in a bubble: my whole entire military career where I thought that everything was perfect. And I thought that every time we went overseas and we fought for this country, we were doing it because we were trying to get other people a sliver of the greatness that we have here in the United States of America.