Unlike Bitcoin or email, our financial institutions and payment systems today are proprietary. This limits the ability for consumers to easily switch between payment providers and creates less competition for services.

Within the coming years, disrupting the Bitcoin network will become increasingly more difficult as Bitcoin wallet software and the protocol become more mature and resilient.

At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.

It's really hard to argue that bitcoin doesn't have many legitimate benefits to companies that are legal businesses when you have Dell and Expedia and all these companies now accepting it.

The vision of the Internet as a vast digital wasteland isn't correct. Everything is awesome, and we have more stuff to read than we ever have in history.

Americans have an interesting conundrum, a black and white line: You're on one side or the other of Puritanism or licentiousness. But that gray area where people abide, between their ears or on the Internet, needs to be fleshed out more in terms of permission granted.

Nothing's faster than the Internet.

The mistake is to think that clever technology can solve everything, but it can't solve our relationship with nature, which is where I think it's gone wrong in that we have somehow abandoned our proper connection with nature.