Crypto Quote Of The Day

I was reading a Vice piece today on Apple's Third Co-Founder Ronald G. Wayne which focuses on the well known story of how Ronald sold his 10% stake in Apple for $800 just 12 days after it was incorporated in 1976.

In the crypto scene we have heard of many similar stories. Like the guy who threw out his laptop losing millions of dollars worth of Bitcoin or countless other stories of people who sold coins at a low profit initially only to feel sick later on when they realize the value that it would have been now.

What ever you think of Ronald's decision to sell his shares it was what he chose to do at the time and he says he has no regrets. I commend the man for his resilience and single minded stubbornness with how he looks back on it. The internet's self appointed judges however have their own theories on if he actually has no regrets.

As a crypto believer though the one thing that immediately stood out though was Ronald's views on fiat and hyper inflation.

He says that he doesn't invest in anything fiat related and has invested in gold and silver. I can only assume he probably didn't get into Bitcoin as he seems to have largely stayed away from computers and phones. It makes me think if old Ronald was born in our generation that he would have been one of the very early adopters of cryptocurrency.

Every person that is a true believer in crypto knows that bitcoin and what has followed after will be the greatest modern innovations of our time. By taking financial power away from inept and corrupt governments who print money through central banks and use terms like quantitative easing to confuse the masses and hyper inflate and control our hard earned dollars.

Bring on decentralized money into the mainstream sooner rather than later and the entire world will change for the better, wars will no longer be able to be funded and the average Joe will no longer have his hard earned cash devalued by quantitative easing.

As for Ronald, I don't feel sorry for him. Jobs would have been a prick to work for and Ronald seems to be content with the actions he has taken in life. For now let's just imagine that he is Satoshi Nakamoto and that after selling his shares for $800 he secretly worked away in his garage on a PC that no one knew he had and gave us bitcoin.

Case closed