Peter Thiel Says Bitcoin Will Need a Payment System to Work
Peter Thiel: the name is almost ubiquitous in the business community. Thiel is a venture capitalist, hedge fund manager, and oh, the co-founder of PayPal. And he suggests there are still some issues that need to be worked through before bitcoin hits the mainstream. Here's what he had to say in a video interview with USA Today: Bitcoin is sort of the opposite [with reference to how PayPal was built]. You have a new currency, at least on the level of speculation, but you haven't gotten the payment system to work. So it's very hard to transact, and I think that's going to be the key....
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Peter Thiel, the notable entrepreneur and Silicon Valley venture capitalist who co-founded PayPal, has expressed his dissatisfaction with the current volume of bitcoin payments, saying a payment system to surround its technological base is "badly lacking". Thiel made the comments while participating in a Reddit AMA (ask-me-anything) earlier today, where several questioners asked his opinion on bitcoin and other digital currencies. He responded: "PayPal built a payment system but failed in its goal in creating a 'new world currency' (our slogan from back in 2000). Bitcoin seems to have....
PayPal and Facebook Founding Father Peter Thiel recently held court at the annual "Dinner for Western Civilization" dinner. This gathering was hosted by the Intercollegiate Studies Institute at the University Club in New York City. As per usual, Peter Thiel was asked about the prospectus of Bitcoin as a global currency, and how it relates to the dollar in the future. The context of this discussion being that inflation and "Quantitative Easing" are hurting the dollar's standing globally. So how would you best protect yourself, and diversify your exposure in the future, outside of the US....
The idea of cryptocurrencies has been around for a while. Peter Thiel, a very famous venture capitalist, and hedge fund manager, gave a talk in 1999 that discussed the possibility of monetary sovereignty, and further, the possibility in rise of encrypted money. Last weekend at the Thiel Foundation Under 20 Summit in New York City, Thiel himself was asked about encrypted money.
This past Wednesday, famed venture capitalist and founder of PayPal Peter Thiel spoke to the Booth School of Business in Illinois, Chicago. In his talk on entrepreneurship, Bitcoin, and business practices, Thiel admitted that he felt that Bitcoin is a product which was founded on the same set of ideas as PayPal; however, the two have clearly developed in completely opposite directions. Coming from the founder of PayPal, this was more than a tacit admission that each business idea has multiple paths to different types of success. Thiel continued: Bitcoin is the opposite of PayPal, in the....
During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.”
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