That's a term that I really like - 'permissionless innovation' - because anybody who has an idea and has a solution can tap into or can leverage the Bitcoin blockchain.

We are very excited about the use of blockchain, whether it's Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as a global currency and, really more importantly, Bitcoin as a global financial rail.

Bitcoin is one of the most viral concepts I've ever encountered.

You just can't bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.

Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also recognize that this is a global phenomenon.

Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.