Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.

The narrative behind bitcoin has been dominated by bad behavior. The reality is bitcoin is filled with tons of talented developers building infrastructure.

Auctions create greater price discovery and liquidity, resulting in a very meaningful final auction price. If you were building a securities exchange today, an auction would be a core feature.

Gox was a pattern of poor operations, poor customer service, poor PR. You can't just take bitcoin and hide.

Just as we teach our children how to ride a bike, we need to teach them how to navigate social media and make the right moves that will help them. The physical world is similar to the virtual world in many cases. It's about being aware. We can prevent many debacles if we're educated.

Another good rule for social media, I find, is to never type and post. Instead, be sure to type, pause, think, and then post.

People said, 'MySpace is going to rule and dominate all Internet; all young people will live on MySpace.' Well, along comes Facebook. And, obviously, all the innovation that Apple is doing.

The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport.