PayPal Founder Peter Thiel: "Bitcoin Is the Opposite of PayPal"
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....
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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 creating a new currency outside of national systems is not new or original. There have been electronic cash attempts that have dated back to the 1980's in the U. S., and PayPal was created to be a new online currency. The timing was perfect, as regulations were light for online businesses back then, as the Internet was only ten years old, and regulators were still several years behind the curve. Now, Bitcoin has succeeded in making a new global online currency anyone can use for free, and Peter Thiel has some commentary on its progress. PayPal founder talks about Bitcoin.....
Billionaire Paypal co-founder Peter Thiel has compiled a list of bitcoin’s enemies, the “finance gerontocracy” he said is stopping the price of the cryptocurrency from soaring a hundred times. Berkshire Hathaway CEO Warren Buffett tops the list. Thiel called him “the sociopathic grandpa of Omaha.”
Peter Thiel Unveils List of Bitcoin’s Enemies
Billionaire Paypal co-founder Peter Thiel shared his list of enemies stopping bitcoin from rising 100x Thursday while speaking at the Bitcoin 2022 conference in Miami, Florida.
The....
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....
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because it weakens the dollar’s influence. Reserve Currencies Speaking at the recent Richard Nixon Foundation seminar, Thiel also suggested that China ideally prefers to have two reserve currencies that counter the dollar. He says the Asian....