David Sacks on Bitcoin

a photo of crypto expert reviewer David Sacks

David Sacks

David Sacks is the co-founder of Craft Ventures, a venture fund focused on technology and cryptocurrency. He previously founded Yammer, and was also COO of PayPal.


Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

🔑 78%

Bitcoin reviews by David Sacks

All Bitcoin reviews by expert David Sacks.

  • 2017
  • David Sacks on Bitcoin Co-Founder of Craft Ventures

    After [serving as COO of] PayPal I never thought I would get interested in payments again. But Bitcoin is fulfilling PayPal's original vision to create "the new world currency." We actually had T-shirts printed in 1999 with that mission statement.

    A payment is just a credit to one account and a debit to another. That's a database entry. We believed that, if we could get enough people to participate, money would never need to leave the system. PayPal could become the database of money.

    . . . [C]ryptocurrencies like bitcoin are now fulfilling that original vision. They are doing it in a decentralized way (with a decentralized database called the blockchain) whereas PayPal tried to do it in a centralized way.

    Full review 🔑


  • 2013
  • David Sacks on Bitcoin Co-Founder of Craft Ventures

    The difference between Bitcoin and a bubble is that if everyone believes it Bitcoin, it actually becomes true.

    Full review 🔑


Networks associated with David Sacks

Categories associated with Bitcoin