PayPal Founder Peter Thiel Comments on State of Bitcoin
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.....
Related News
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....
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....
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....
Just last week, Donald Trump was elected the 45th President of the United States of America in an electoral upset and unexpected victory against his opponent, former Secretary of State Hillary Clinton. In his first week as President-Elect, Trump started forming his transition team. On Friday, he officially added Peter Thiel to the team. What does this....
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....