Top 250+ Interesting Quotes About Bitcoin You Should Know About

Top 250+ Interesting Quotes About Bitcoin You Should Know About By Factober Inspiration

Written by Vishal for Factober


October 20, 2020

Bitcoin Quotes

Bitcoin is the hottest cryptocurrency in the market. What do you think about crypto-future? Does bitcoin has any future? See these 250+ interesting bitcoin quotes by famous industry people to learn about cryptocurrency.

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  1. A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system. Satoshi Nakamoto, Founder of Bitcoin
  2. A lot of what I see in blockchain promises to get us as an industry from A to Z. As an investor and entrepreneur, I am constantly on the lookout for how we get from A to B. Brock Pierce
  3. After two years working with bitcoin and blockchain companies and corporate leaders, we identified that a significant issue hindering the widespread, global adoption of blockchain is the inability to quickly connect with the right combination of partners for testing and deployment of the technology to address real-world business challenges. Meltem Demirors
  4. Almost any illiquid asset today lends itself well to moving onto the blockchain and becoming tokenized. It will create a deeper market with improved price discovery and should increase the value of those assets. David O. Sacks
  5. Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under development. Vitalik Buterin
  6. An aftermath of real failures can make the whole blockchain ecosystem more resilient because it will result in revealing the boundaries and realities of what’s possible, useful, absurd, impossible, repeatable, and scalable out of everything that appears plausible and innovative at the beginning. William Mougayar
  7. An intelligent investor sees an opportunity in dip than risk. Mohith Agadi
  8. Any cryptocurrency can be used for one thing and one only: gaining access to the Blockchain Platform. The power and capabilities of this platform determine the value of each cryptocurrency, this is what cryptocurrencies are backed by: not gold, not silver, not a government system, but by their Blockchain platform. Chris Lambert
  9. Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money. Ginni Rometty
  10. As a Millennial and Gen Z expert at Accenture I had the opportunity to host and lead several workshops and panels with key clients at industry events. The topics ranged from virtual reality to blockchain; artificial intelligence to machine learning. Jay Shetty
  11. As I was looking around, to me, what was happening in the blockchain and crypto world was a movement. Brad Garlinghouse
  12. As of today, the majority of Asian countries are still examining crypto technology and drafting their regulatory outlines. Better crypto tax regulations should come in the next few months or a year from now. Now, we can settle the argument on crypto taxation laws enforcement. It is very certain that it is just a matter of time for this event to unfold, collecting capital gains tax is just a time bomb waiting to explode in the cryptocurrency space, or else, the government will place outright ban on these commodities. Olawale Daniel
  13. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies. John McAfee
  14. As revolutionary as it sounds, Blockchain truly is a mechanism to bring everyone to the highest degree of accountability. No more missed transactions, human or machine errors, or even an exchange that was not done with the consent of the parties involved. Above anything else, the most critical area where Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers, all of which are connected through a secure validation mechanism. Ian Khan
  15. At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. Peter Diamandis
  16. Back in 2015, a volunteer group called Bitnation set up something called the Blockchain Emergency ID. There’s not a lot of data on the project now, BE-ID – used public-key cryptography to generate unique IDs for people without their documents. People could verify their relations, that these people belonged to their family, and so on. It was a very modern way of maintaining an ID; secure, fast, and easy to use. Using the Bitcoin blockchain, the group published all these IDs on to a globally distributed public ledger, spread across the computers of every single Bitcoin user online – hundreds of thousands of users, in those times. Once published, no government could undo it; the identities would float around in the recesses of the Internet. As long as the network remained alive, every person’s identity would remain intact, forever floating as bits and bytes between the nations: no single country, government or company could ever deny them this. “That was, and I don’t say this often, the fucking bomb,” said Common, In one fell swoop, identities were taken outside government control. BE-ID, progressing in stages, became the refugees’ gateway to social assistance and financial services. First it became compliant with UN guidelines. Then it was linked to a VISA card. And thus out of the Syrian war was something that looked like it could solve global identification forever. Experts wrote on its potential. No more passports. No more national IDs. Sounds familiar? Yes, that’s the United Nations Identity in a nutshell. Julius Common’s first hit – the global identity revolution that he sold first to the UN, and then to almost every government in the world – was conceived of when he was a teenager. Yudhanjaya Wijeratne
  17. Before Blockchain Capital, I was cranking out startups like an incubator. Brock Pierce
  18. Before I went to prison, there were not really many blockchain products. It was only bitcoin. Charlie Shrem
  19. Belarus will become the first government in the world that opens wide opportunities for the use of blockchain technology. Alexander Lukashenko
  20. Big companies do not want to disrupt themselves. All they want to do is improve themselves. They see the blockchain as another IT project. It’s going to save money; it’s going improve a process here and there. It’s not going to change their business. William Mougayar
    Bitcoin and other cryptocurrencies are dependent on blockchain – the underlying distributed ledger that guarantees tamper-resistant permanent transactions – to do business. But that’s not all blockchain does, or has the potential to do. Olawale Daniel
  21. Bitcoin has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing. Larry Summers
  22. Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook. Marc Andreessen
  23. Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value. Eric Schmidt
  24. Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value. Eric Schmidt
  25. Bitcoin is a technological tour de force. Bill Gates
  26. Bitcoin is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets. Kim Dotcom
  27. Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects. Balaji Srinivasan
  28. Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success. Ben Benarke
  29. Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient. Bill Gates, co-founder of Microsoft and philanthropist
  30. Bitcoin is Internet’s magnum opus. The international financial system will have to readjust. Unknown
  31. Bitcoin is just one example of something that uses a blockchain. Melanie Swan
  32. Bitcoin is like anything else – it’s worth what people are willing to pay for it. Stanley Druckenmiller
  33. Bitcoin is often mistakenly characterized as “anonymous” currency. In fact, it is relatively easy to connect identities to bitcoin addresses and, using big-data analytics, connect addresses to each other to form a comprehensive picture of someone’s bitcoin spending habits. Andreas M. Antonopoulos
  34. Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. –Peter Thiel, Co-Founder of PayPal
  35. Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 years. earlier, 9/11 would never have happened. Max Keiser
  36. Bitcoin is the most important invention in the history of the world since the Internet. Roger Ver
  37. Bitcoin is the most stellar and most useful system of mutual trust ever devised. Arif Naseem
  38. Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access. Amir Taaki
  39. Bitcoin was created with security in mind. The Blockchain is Bitcoin’s public ledger that records every transaction in the Bitcoin economy. Perianne Boring
  40. Bitcoin will do to banks what email did to the postal industry. Rick Falkvinge
  41. Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it. Edmund C. Moy
  42. Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0. Tyler Winklevoss
  43. Bitcoins are not illegal in and of themselves and have known legitimate uses,” the FBI agent, who drew up the complaint, wrote. This brief sentence was one of the strongest statements to date about the legality of Bitcoin in the United States—and it came from one?– Nathaniel Popper
  44. Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value. Nick Tomaino
  45. Blockchain by itself isn’t transformational, however it is foundational. As a foundational innovation, Blockchain’s value can only be fully realized when the business process is transformed to take advantage of its capabilities, leading to ROI for existing business models and the ability to create value through new ones. Tom Golway
  46. Blockchain Capital has a global investment mandate so it is very possible that we make an investment in India at some point. Brock Pierce
  47. Blockchain Capital was the first dedicated venture fund to invest in crypto and blockchain. Brock Pierce
  48. Blockchain infiltration will be met with resistance because it is an extreme change. William Mougayar
  49. Blockchain is an innovative technology with the power to change society and is gaining the world’s attention as a technology to enhance the competitiveness of the urban economy. Park Won-soon
  50. Blockchain is like the new big data or AI – too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists! Brad Garlinghouse
  51. Blockchain is moving beyond cryptocurrency, and it’s worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transformative. Julie Sweet
  52. Blockchain is really exciting technology because it’s actually providing both transparency but also agility in a contractual relationship that any organization should have. Jean-Philippe Courtois
  53. Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential. Marc Kenigsberg
  54. Blockchain itself is not dangerous, but if we start using decentralized blockchain as a complete substitute for our traditional transaction methods, then I am afraid, it would destroy the very human foundation of our financial system. Abhijit Naskar
  55. Blockchain provides supply chain capabilities that were not possible in the recent past. Dave Waters
  56. Blockchain should be used to address opportunities and problems that lack easier answers. Julie Sweet
  57. Blockchain software companies may end up being amalgamated into existing software giants, at which point blockchain patents will just become part of the existing patent war. Vitalik Buterin
  58. Blockchain solves the problem of manipulation. When I speak about it in the West, people say they trust Google, Facebook, or their banks. But the rest of the world doesn’t trust organizations and corporations that much — I mean Africa, India, the Eastern Europe, or Russia. It’s not about the places where people are really rich. Blockchain’s opportunities are the highest in the countries that haven’t reached that level yet.
  59. Blockchain startups are suffering from a crippling, archaic, and antiquated state regulatory system – and it’s driving innovation abroad. Many blockchain start-ups trigger or may trigger money transmitter laws and regulations. Perianne Boring
  60. Blockchain technologies will change transactions in a broad way. Brad Garlinghouse
  61. Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble. Jack Ma
  62. Blockchain technology has such a wide range of transformational use cases, from recreating the plumbing of Wall Street to creating financial sovereignty in the farthest regions of the world. Perianne Boring
  63. Blockchain technology is a form of digitalized, de-centralized public record of all cryptocurrency transactions. Blockchain was designed to record, not just financial-related transactions, but virtually everything of value. Olawale Daniel
  64. Blockchain technology is coming to replace the old, rotten system of governance around the world. Embrace it!”― Olawale Daniel
  65. Blockchain technology isn’t just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself. Abigail Johnson
  66. Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services. What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity. Blythe Masters
  67. Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common infrastructure for database retention. Blythe Masters
  68. Blockchain verifies the information using the following steps: Consensus – it requires the majority of the block builders to agree that the occurrence actually happened. Consistency – requires that the new information fits with the previous block. Transaction – it requires that the transaction occurred by looking at the previous block, ensuring that two people did not record conflicting accounts of the information. Automated Conflict Identifiers – the software itself trolls for conflicts within the blocks and the structure. There is no centralized location, or big computer in the sky, where the information can be altered or stolen. Jacob William
  69. Blockchain. The biggest opportunity set we can think of over the next decade. Bob Grifeld
  70. Blockchain’s a very interesting technology that will have some very profound applications for society over the years to come. Kenneth C. Griffin
  71. Blockchains are digital organisms. As organisms evolve through changes in their DNA, blockchain protocols evolve through changes in their code. And like biological organisms, the most adaptive blockchains will be the ones that survive and thrive. Fred Ehrsam
  72. Blockchains for all What are these enthusiasts on about? The ‘blockchain’ technology behind bitcoin could prove to be an ingredient of an entire new world of technology, as big as the internet itself, a wave of innovation that drives the middleman out of much commerce and leaves us much more free to exchange goods and services with people all over the world without going through corporate intermediaries. It could radically decentralise society itself, getting rid of the need for banks, governments, even companies and politicians. Matt Ridley
  73. By applying blockchain technology to voting platforms, we can prevent tampering with online voting, which will increase confidence in the voting results of voters and residents in Seoul. Park Won-soon
  74. By investing in anonymous cryptocurrencies, you are buying ‘insurance’ against a recession, as the value of the cryptocurrency could increase significantly if the economy falters and the black market grows. The darknet marketplace will continue to grow and with it will grow the demand for anonymous cryptocurrencies. Will Martin, Black Market Cryptocurrencies: The Rise of Bitcoin Alternatives That Offer True Anonymity
  75. Centralized blockchain can be a great boon to the society, especially in the developing parts of the world, whereas decentralized blockchain will only cause chaos and destruction. Abhijit Naskar
    Cryptocurrencies such as Bitcoin and anonymous online markets such as the Silk Road. Digital cryptocurrencies provide an individual with an array of benefits unlike anything the market actor has ever experienced. They provide a means by which one may transfer wealth securely, anonymously, and with virtually zero transaction costs. Naturally, this allows one to safely avoid taxes in the course of a transaction as there is no means by which said transaction may be traced backed to him. More importantly however, the use of such digital currencies normalizes the idea of using private currencies to the general public. The State’s status as the sole producer of money is one of its greatest sources of legitimacy and power; thus, the proliferation and expanding use of private currencies constitute effective means by which State rule may be peacefully undermined. Christopher Chase Rachels
  76. Cryptocurrencies will make how money and finance works today look like we’re living in the Stone Age. @CryptoGodfatha
  77. Cryptocurrency is absolutely here to stay. If you can’t see that at this point, it’s time to learn more about it. Joel McLeod
  78. Cryptocurrency is freedom, Banking is slavery. Arif Naseem
  79. Cryptocurrency is here to stay, so we hear on cryptosphere everyday. But there are some fundamental situations that needs to take place for this speculated ‘store of value’ to really have its foot to stand on, and that is, government’s ability to enforce taxation on businesses and individuals making gains with this currency. So, either we like it or not, crypto taxation needs to be enforced for government to really entertain any form of adoption. Asian countries dominates the cryptocurrency spaces but the governments are finding it a bit hard to really tax crypto transactions. Olawale Daniel
  80. Cryptocurrency is such a powerful concept that it can almost overturn governments. Charles Lee
  81. Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance. Orlin Grabbe
  82. Do not wait for your customers to ask when you will start accepting cryptocurrencies. There are many advantages that your business can gain by adding this payment method. Olawale Daniel
  83. Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce. Erik Voorhees, CEO & Founder of ShapeShift
  84. Even with a network of computers belonging to a company stretched across the world, the data is generally only required to be backed up around 3 to 5 locations. Additionally, billions of dollars are spent in order to protect these databases. In the case of a blockchain database, the data can exist on thousands of computers around the globe at a fraction of the cost. Chris Lambert
  85. Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments. Leon Luow
  86. Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip – blockchain and crypto is the fourth. Brock Pierce
  87. Everyone, it’s okay to say the word ‘bitcoin’ and acknowledge that it is the actual platform that is driving this innovation that we’re all building on. It’s also okay to say ‘the bitcoin blockchain,’ or ‘the blockchain,’ if you’re afraid that people will think you’re weird. Jeremy Allaire
  88. Everything will be tokenized and connected by a blockchain one day. Fred Ehrsam
  89. Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor as sound policy. Such an interpretation would set a precedent that would surely cause real harm to the public, to the blockchain ecosystem, and to the financial services industry as a whole. Perianne Boring
  90. Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator’s dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries. William Mougayar
  91. Fortunately, bitcoin also creates the incentives to improve computer security. Whereas previously the risk of computer compromise was vague and indirect, bitcoin makes these risks clear and obvious. Holding bitcoin on a computer serves to focus the user’s mind on the need for improved computer security. Andreas M. Antonopoulos
  92. Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch. Vitalik Buterin
  93. Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening. Jim Rickards Economist and Investment Banker
  94. Government leaders should get up to speed on the blockchain by understanding it first and committing to exploring its potential. William Mougayar
  95. Has the Internet changed our lives? Have mobile phones changed our lives? The blockchain is something that is that transformative. Brock Pierce
  96. How do we create new value? You create value by running services on the blockchain. William Mougayar
  97. Human organs can self-correct themselves and thus virtually go back in time and connect themselves. Najeeb Ahmad Taher, Art of Self-Correction: How Quantum Tunneling Helps Coronavirus Penetrating Lab Walls and Becoming a Pandemic
  98. I am pro-technology that improves the lives of many people in any way possible, and I think the blockchain has the potential to do that. Melanie Swan
  99. I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it’s derided as a toy. Just like microcomputers. Paul Graham
  100. I call the blockchain ‘the Internet of value’ and ‘the Internet of trust.’ Because everything becomes trustless. It’s a big distributed ledger. Think of it like an Excel file that’s being maintained and updated and managed by millions of computers around the world. Brock Pierce
  101. I describe Bitcoin as “a digital version of gold” eGold. Arif Naseem
  102. I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. Peter Thiel
  103. I do think the blockchain infrastructure is here to stay. Lisa Su
  104. I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be faster adoption of the blockchain in the enterprise space and with banks. Brad Garlinghouse
  105. I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is. Erik Voorhees
  106. I have the great privilege and honor of serving as the Founder and President of the Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry. Perianne Boring
  107. I like the concept of ‘not spending more money to spend money’. Let’s scale it. Mohith Agadi
  108. I love this stuff – bitcoin, ethereum, blockchain technology – and what the future holds. Abigail Johnson
  109. I think bitcoin has about a 1 in 100 chance of being a survivor. So I have 1% of my portfolio in bitcoin. James Altucher
  110. I think that governments are going to get disrupted by the blockchain. I think in the same way that the Internet forced everyone to evolve, the Blockchain is going to change the game again. Adam Draper
  111. I think the fact that within the bitcoin universe an algorithm replaces the function of the government… is actually pretty cool. Al Gore
  112. I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash. Professor Milton Friedman
  113. I think the whole narrative of blockchain without bitcoin will amount to very little. Fred Ehrsam
  114. I’m not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don’t care whether I win it, someone else wins it. Patrick M. Byrne
  115. I’m not wed to bitcoin’s blockchain. I’m blockchain-agnostic. Patrick M. Byrne
  116. I’ve been all over meeting government ministers and such in Caribbean financial circles. There’s a small blockchain movement in the Caribbean. They’ve been quite a bit more advanced than you might’ve imagined. Patrick M. Byrne
  117. I’ve been in a room in Silicon Valley where on the wall they have 160 industries they think blockchain can disrupt. We picked six of them to focus on. Patrick M. Byrne
  118. I’ve been at this 35 years, writing about the digital age. I’ve never seen a technology that I thought had greater potential for humanity. Don Tapscott
  119. If any of the above real world, national or regional currencies starts losing its value or falls victim to currency speculators or face any other dangers, not only would the central bank which backs that currency will take action to protect it, the government of that nation too would take supportive action too. Cryptocurrencies are not backed by any central bank, government or financial entity. In fact, and as a consequence, cryptocurrencies are viewed by governments and central banks with trepidation, scepticism and intrigue. Cryptocurrencies by their very concept are beyond the purview of traditional governmental-central bank currency framework, though not outside the economy, nor illegal. Olawale Daniel
  120. If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a public-good utility and encourage an evolution that is not unlike the Internet’s in terms of openness and neutrality of access. William Mougayar
  121. If you think about any multiparty process where shared information is necessary to the completion of transactions, and the coordination of activity and the exchange of value, that’s where blockchain technology can be put to good use. Blythe Masters
  122. If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the future, everything is going to be developed with the blockchain in mind. William Mougayar
  123. If you want something new, you have to stop doing something old. Peter F. Drucker
  124. If you wrote a story about “digital gold” in the 1950’s, it would most certainly fall under the Science-Fiction genre. Today, Bitcoin falls under the category of Non-Fiction. The future has arrived. Those who don’t see it are simply trapped in mid-20th century thinking. Cameron Winklevoss
  125. Imagine if the population were to discover, through real life experience, what it is to conduct their lives with a currency that does not lose its value, but in reality gains in value. As our economy grows and as our manufacturing capabilities increase, prices go down. The only reason that prices are not going down today—except in products where improvements are very rapid (e.g., computers)—is because of government-caused currency inflation. Phil Champagne
  126. In 30 years, a robot will likely be on the cover of Time Magazine as the best CEO.  Machines will do what human beings are incapable of doing.  Machines will partner and cooperate with humans, rather than become mankind’s biggest enemy. Jack Ma
  127. In a world where public and private ways of living are two options, you have to choose from, blockchain technology comes in handy in balancing the equation. Blockchain technology is one of the hottest trends in the world today, especially with Europe’s General Data Protection Regulation (GDPR) being implemented recently. The crypto industry is seamlessly growing in value and importance, and there are currently about 2.5 million products from reputable merchants across the globe that can be bought with the use of bitcoin today. Olawale Daniel
  128. In fact, blockchain has the potential to fundamentally change how we share information, buy and sell things, interact with government, prove our identity, and even verify the authenticity of everything – from the food we eat to the medicine we take to who we say we are. Julie Sweet
  129. In my opinion, one of the most exciting potentials of the blockchain relate to creating new business models, whether in public or in private settings. In most of these cases, the new models don’t care for incumbents because they are mostly on a disruption quest. William Mougayar
  130. In Seoul, there are plans to create a blockchain ecosystem to make it a city that will be recognized as the center of blockchain in the world. Park Won-soon
  131. In the blockchain world, each user can and should own their data, and ‘central’ players are less vulnerable to data losses and breaches. William Mougayar
  132. In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time. It is time for a new beginning. Jeffrey Tucker
  133. In trading Bitcoin and other commodities, everyone wants 1000% in a week, but can’t handle 20% drop in a week. That’s the beginning of witchcraft. Olawale Daniel
  134. Incorporating cryptocurrency in the traditional centralized financial system not only speeds up transactions exponentially, but also it makes the system more user-friendly, whereas in a decentralized system cryptocurrency will only breed insecurity and chaos, due to the utter absence of liability. Abhijit Naskar
  135. Investing In Gold Not everyone would associate Ethereum with investing in gold, but that is exactly one of its uses. Using a process developed by Digix, users can use tokens to buy gold on the Ethereum blockchain. How does this work? Using the Digix app, you can exchange either Ether or fiat currency (real-life money) with gold tokens. This gold is linked to the Singaporean gold vault through a complex crypto-code. Whenever the user wants, they can switch their gold tokens for actual pieces of gold without needing to go through an intermediary or paying any large fees. This also opens up the possibility of creating similar processes for all sorts of commodities. Ikuya Takashima
  136. It doesn’t always make sense to have a token on the blockchain that is both useful and represents ownership – it has to be something where there’s a network effect. That’s why I cite Facebook as an example of what could be disrupted more so than, say, Amazon – which is bit more centralized and is not exactly a network of users in the same way. Olaf Carlson-Wee
  137. It looks and smells like all the bubbles I have seen throughout history. Jim Rogers
  138. It’s a fraud and worse than tulip bulbs. Jamie Dimon
  139. It’s gold for nerds. Stephen Colbert
  140. It’s money 2.0, a huge, huge, huge deal. Chamath Palihapitiya
  141. It’s probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin. Naval Ravikant
  142. Just because you call something a blockchain or an ICO, that doesn’t mean you aren’t subject to normal laws. Juan Benet
  143. Just consider this: control of a currency is one of the most powerful tools a government wields; ask anybody in Ireland, Portugal, Greece, or Cyprus who lived through those countries’ recent financial crises. Bitcoin promises to take at least some of that power away from governments and hand it to people. That alone augurs significant political, cultural, and economic clashes. You”– Paul Vigna, The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
  144. Just like paying a toll to use a freeway, the token can be the pay-per-use rail for getting on the blockchain infrastructure or for using the product. This also ensures that users have skin in the game. William Mougayar
  145. Let’s hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services are delivered. William Mougayar
  146. Libra is an intangible global currency that comes with better mileage. Mohith Agadi
  147. Make no mistake, blockchain will be a game changer, but it is not the answer to every business opportunity or problem. Julie Sweet
  148. Most blockchain platforms don’t share that much in common, resulting in choice lock-ins, lack of interoperability, and potentially dead-ends that are hard to untangle. William Mougayar
  149. On July 16th, 2014 this book became the world’s first documented product to be sold on a decentralized marketplace. Will Martin
  150. On the blockchain, you have a public ledger, which is the form of ownership. That means you are not doing net settlement – just netting everything down, which means that everything has been turned into fungible numbers. Patrick M. Byrne
  151. Online identity and reputation will be decentralized. We will own the data that belongs to us. William Mougayar
  152. Online, we still can’t reliably establish one another’s identities or trust one another to transact and exchange money without validation from a third party like a bank or a government. These same intermediaries collect our data and invade our privacy for commercial gain and national security. Even with. Don Tapscott
  153. Our basic thesis for bitcoin is that it is better than gold. Tyler Winklevoss
  154. Over the next decade, there will be disruption as significant as the Internet was for publishing, where blockchain is going to disrupt dozens of industries, one being capital markets and Wall Street. Patrick M. Byrne
  155. PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side. Peter Thiel, Co-Founder of PayPal
  156. People bought bitcoin because they thought it would be worth more tomorrow. And a lot of people got lucky. But we’re not seeing real people use bitcoin. And we don’t know what problem it solves. Now, blockchain, I think, is a genius advancement in technology. Taavet Hinrikus
  157. People didn’t know where they could trade. When everybody owes each other IOUs that can be in multiple places at once, that’s how the system couldn’t tell any more who owned what and who owed what to whom. Blockchain could have prevented 2008. Patrick M. Byrne
  158. People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too. Richard Branson
  159. Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens or digital assets, and those include assets that people are familiar with, like bitcoin and ethereum, as well as very early-stage projects. Olaf Carlson-Wee
  160. Polychain manages a hedge fund that invests exclusively in digital assets. We invest exclusively in protocols, not companies, and we do this by investing in things made scarce through the blockchain. Olaf Carlson-Wee
  161. Pretty uniformly, people want the benefits of bitcoin and the blockchain – near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers. Jeremy Allaire
  162. Public blockchains are almost like the public Internet, which is open and widely accessible. If you can get on the Internet, you will likely be able to get on a public blockchain via a specific application. William Mougayar
  163. Right now, you’ve got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you’ve reunited the trade with the settlement. They’re not two separate processes. Patrick M. Byrne
  164. Satoshi Nakamoto’s aim in creating the decentralized Bitcoin ledger—the blockchain—was to allow users to control their own money so that no third party, not even the government, would be able to access or monitor it. But people were still opting for the convenience of centralized services like Coinbase and Bitstamp to hold their coins. Nathaniel Popper, Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
  165. Scalability is this idea of coming up with a blockchain that can scale much larger than existing chains essentially by processing transactions in parallel. And moving away from this paradigm where every single node on the network has to process every single transaction. Vitalik Buterin
  166. Several business sectors, companies in healthcare, financial services, agriculture, as well as other entrepreneurs and solopreneurs are rushing to adopt the blockchain technology and secure their financial transactions to provide a clear record book among individuals with the digital coin’s technology, “cryptocurrency.” Meanwhile, many of these businesses are doing so basically because of the fear of being left behind (FOMO), without having crystal understanding about the basics of blockchain technology and how it should be applied to optimize their business performances. Olawale Daniel
  167. So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function. It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” Stiglitz added. We should all just go back to what we always had and this is just a bubble –Joseph Stiglitz, Nobel Prize-winning economist.
  168. Social Networks Censorship on social media is common, especially on forums. Some companies are working to create a type of decentralized online community that operates on an open source code. This means that it will be built on smart contracts that will eliminate censorship. Whether this is good or bad is subjective, but it serves to show the diversity of smart contracts and blockchain applications. One example of an Ethereum-based social network is Akasha. Akasha lets users publish, share, and vote for work that has been published on its platform. It aims to provide a decentralized option that gives an alternative to services such as Medium and WordPress. The system works by giving monetary incentives in the form of Ether to users to encourage engaging and rich content. Insurance”– Ikuya Takashima
  169. Solve a real problem. If the blockchain is the best tool, then use it. But never force it. Too many founders love the blockchain and then search for a problem to stick it. Brayton Williams
  170. Some of the uses being implemented for blockchain could actually work better with a database. Brad Garlinghouse
  171. Stablecoins The ground is currently being laid to set the way for a new type of currency –the stablecoin. What is the stablecoin? The stablecoin is an asset that typically features price stability. Cryptocurrency is notoriously unstable, with volatile prices that are often difficult to predict. The advantage of them is that they give the user total control over their holdings. On the other hand, the US dollar is a great example of a fiat stablecoin, as it offers low volatility and so provides a reliable unit of money to invest in both the short term and the long term. However, the US dollar doesn’t give the user any form of control, as it is monitored by the Federal Reserve Bank and is dependent on the banking network in the US for commercial use. To get a combination of the two –full user control and reduced volatility –is an exciting prospect. Maker is a company that is currently working on a project to make this happen by creating a currency known as the Dai, which is set to become a stablecoin that combines user control with price stability. Ikuya Takashima, Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology
  172. Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending. Warren Buffet, CEO of Berkshire Hathaway
  173. Still thinking about Bitcoin. No conclusion — not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold. Lloyd Blankfein
  174. Study how to write smart contracts, which is the basic unit of programming a blockchain for business purposes. It is the equivalent of being taught HTML and Java during the early Internet days. And master how to create assets or tokenize existing ones on a blockchain. William Mougayar
  175. Templates of how we organize and govern such as partnerships, corporations, or nonprofits have not be updated in centuries, we still use many of the ancient rules and vernacular today, patching expanding gaps of trust and accounting all stemming from increasing modernized complexity. Richie Etwaru
  176. Ten percent of my net worth is in this space. Mike Novogratz
  177. 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. Barry Silbert
  178. The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that. Eric Schmidt
  179. The biggest opportunity set we can think of over the next decade. Bob Greifeld
  180. The bitcoin transaction script language, called Script, is a Forth-like reverse-polish notation stack-based execution language. If that sounds like gibberish, you probably haven’t studied 1960s programming languages, but that’s ok. Andreas M. Antonopoulos, Mastering Bitcoin: Programming the Open Blockchain
  181. The blockchain allows our smart devices to speak to each other better and faster. Melanie Swan
  182. The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and new vs. existing business models. William Mougayar
  183. The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression. William Mougayar
  184. The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms. Anthony Scaramucci
  185. The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened. Adam Draper
  186. The blockchain industry generally agrees that some kind of a national license or charter is the best way to go, similar to the United Kingdom, where there is only one central regulator. Perianne Boring
  187. The blockchain is a distributed network that solves all the problems that we have of finance, but more broadly, it’s like a philosophy. It’s a way of life. Mike Cernovich
  188. The blockchain is all about bringing in transparency and efficiency into the existing systems which are running the upstream and downstream supply chains and making them more proactive and predictive. Rahul Guhathakurta
  189. The blockchain is an asset normalization platform that can enable a new liquidity in transactions, hence creating large networks of usage and value effects with benefits in speed, cost, quality, or outcomes. William Mougayar
  190. The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Don & Alex Tapscott
  191. The blockchain is custom-made for decentralizing trust and exchanging assets without central intermediaries. With the decentralization of trust, we will be able to exchange anything we own and challenge existing trusted authorities and custodians that typically held the keys to accessing our assets or verifying their authenticity. William Mougayar
  192. The blockchain is going to change everything more than the Internet has. Brock Pierce
  193. The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates. Blythe Masters
  194. The blockchain is to money what SMTP is to email. It’s an open way to move value around. Every existing player in this space – not just Venmo but also Google and Facebook and others – are all closed; they all want to work just within their own walled garden. Jeremy Allaire
  195. The blockchain start-ups that have done ICOs are just at the beginning of something. Ask me how they are doing in a year or two years from now. I know for a fact it won’t be any different from the statistics of all start-ups: 80% of them will not make it. William Mougayar
  196. The blockchain symbolizes a shift in power from the centers to the edges of the networks. William Mougayar
  197. The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. Warren Buffett
  198. The classic example used to demonstrate smart contracts in the form of code executing automatically is a vending machine. Unlike a person, a vending machine behaves algorithmically; the same instruction set will be followed every time in every case. When you deposit money and make a selection, the item is released. There is no possibility of the machine not feeling like complying with the contract today, or only partially complying (as long as it is not broken). A smart contract similarly cannot help but execute the prespecified code. As Lessig reminds us, “code is law” in the sense that the code will execute no matter what. This could be good or bad depending on the situation; either way, it is a new kind of situation in society that will require a heavy accommodation period if blockchain-based smart contracts are to become widespread. Melanie Swan
  199. The creator of Bitcoin, Satoshi, disappeared back in 2011, leaving behind open source software that the users of Bitcoin could update and improve. Five years later, it was estimated that only 15 percent of the basic Bitcoin computer code was the same as what Satoshi had written. Nathaniel Popper
  200. The cryptocurrency industry, powered by blockchain technology, has been dominated mostly by male while the traction of the female participants aren’t much to write home about. Until recently, the world of technological advancements have witnessed men taking charge but some exceptional women are now challenging the status quo and same thing goes for cryptography space, hence we have some powerful women in cryptocurrency industry reshaping the way we think of it. Olawale Daniel
  201. The divine line “Bitcoin/Cryptocurrency is for criminals” is a cunning defensive strategy created by so called traditional financial services sector. Mohith Agadi
  202. The emergence of open Internet protocols for value exchange, today led by the global adoption of Bitcoin’s blockchain, paves the way for value to move as freely as information and data move on the Internet today. Jeremy Allaire
  203. The exciting thing about the current emergence of bitcoin 2.0 applications is that you don’t have to know anything about bitcoin or how the blockchain works to get a lot of utility and value out of the technology. Meltem Demirors
  204. The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.  The second is that automation applied to an inefficient operation will magnify the inefficiency. Bill Gates.
  205. The interesting thing about blockchain is that it has made it possible for humanity to reach a consensus about a piece of data without having any authority to dictate it. Jaan Tallinn
  206. The internet is going to be one of the major forces for reducing the role of government. One thing that’s missing but that will soon be developed, is a reliable e-cash. Milton Friedman
  207. The Internet is programmable information. The blockchain is programmable scarcity. Balaji Srinivasan
  208. The ledger, the distributed database – it’s called a Blockchain – is held in the cloud by all the parties involved. It can’t be broken by any of them. It’s cryptographically too strong. You would have to compromise the entire network to take over Bitcoin. Naval Ravikant
  209. The long-standing arguments on whether to, or not to, enforce a crypto taxation laws or capital gains tax on cryptocurrency trading and transactions is glaringly coming to an end. It is believed that in order to legalize cryptocurrency as a legal tender, there would be need for documented cryptocurrency taxation by the government. Olawale Daniel
  210. The main advantage of blockchain technology is supposed to be that it’s more secure, but new technologies are generally hard for people to trust, and this paradox can’t really be avoided. Vitalik Buterin
  211. The main event isn’t bitcoin. It’s using the blockchain to disrupt other industries and Wall Street. Patrick M. Byrne
  212. THE MORE FOUNDATIONAL A TECHNOLOGY IS, the more impact it can have. Blockchain technology is not a process improvement technology. At its fullest deployment potential, it is rather a disruptive technology; therefore it must be given that potential when being implemented. William Mougayar
  213. The old question ‘Is it in the database?’ will be replaced by Is it on the blockchain? William Mougayar
  214. The potential is great for people in the informal economy to exploit the blockchain’s middleman-free way to exchange assets and information and its irrefutable public record that’s free from the control of any one central institution. Paul Vigna, The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
  215. The private key must remain secret at all times, because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost, too. Andreas M. Antonopoulos
  216. The purpose of a centralized financial system or any other system, is not to exploit people, but to ensure stability in the society. Abhijit Naskar
  217. The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency. Arnon Grunberg
  218. The revolution of blockchain is not going to happen from outside the system; it’s going to happen from within the system. Brad Garlinghouse
  219. The right way to think about the blockchain is that it’s going to replace the entire Internet. Brock Pierce
  220. The thing that I often ask startups on top of Ethereum is, ‘Can you please tell me why using the Ethereum blockchain is better than using Excel?’ And if they can come up with a good answer, that’s when you know you’ve got something really interesting. Vitalik Buterin
  221. The virtues of the blockchain is that it would be that it’s peer-to-peer settlement – no centralized settlement, no manipulation… And most importantly, there’s nothing to capture. It’s consensus based. It’s stateless. Patrick M. Byrne
  222. The whole is greater than the sum of the parts” For #Blockchain, the sum of the parts is equal to or greater than the whole for many use cases. Immediate ROI could come from the leveraging the parts instead of the whole. Tom Golway, Hybrid IT and Intelligent Edge Solutions
  223. The world is preoccupied with dissecting, analyzing and prognosticating on the blockchain’s future; technologists, entrepreneurs, and enterprises are wondering if it is to be considered vitamin or poison. William Mougayar
  224. There are 3 eras of currency: Commodity based, politically based, and now, math based. Chris Dixon
  225. There are a lot of really fabulous things that get done with digital assets and blockchain technologies to reduce friction, to reduce costs, and enable things that weren’t possible before. Brad Garlinghouse
  226. There are almost 200 currencies of the world, but there’s only one international currency. There are almost 200 currencies controlled by central banks and governments, but there is only one mathematical currency today, and that is bitcoin. We are going to build more of them. Cryptographic currencies are going to be a mainstay of our financial future. They are going to be a part of the future of this planet because they have been invented. It’s as simple as that. You cannot un-invent this technology. You cannot turn this omelette back into eggs. Andreas M. Antonopoulos
  227. There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system – it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system. Patrick M. Byrne
  228. There are very few fundamental shifts in global infrastructure that can happen in our life times. The financial infrastructure is one of them, and the Blockchain is changing the way we think about the transfer of value. Adam Draper
  229. There is a striking parallel between the emergence of the modern state and the goals of the technology we have discussed in this chapter. In scaling society up from tribes and small groups, governments have had to confront precisely the problem of enabling secure commerce and other interactions among strangers. The methods may be very different, but the goal is a shared one. Although a maximalist vision for decentralization might involve dismantling the state, this is not really a viable vision, especially when others who share our democracy want a state. However, decentralization through technology is not necessarily in opposition to the state at all. In fact, they can be mutually beneficial. For example, assuming well-identified parties, transfers of smart property can use the block chain for efficient transfers and still use the court system if a dispute arises. We think the big opportunity for block chain technology is implementing decentralization in a way that complements the functions of the state, rather than seeking to replace them. Arvind Narayanan, Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction
  230. There is absolutely no reason in the world of blockchain to build in net settlement. It’s like saying you have got a new Ferrari and we are going to put a lawnmower engine in it. Patrick M. Byrne
  231. There is an argument that blockchain technology can more equitably address issues related to freedom, jurisdiction, censorship, and regulation, perhaps in ways that nation-state models and international diplomacy efforts regarding human rights cannot. Irrespective of supporting the legitimacy of nation-states, there is a scale and jurisdiction acknowledgment and argument that certain operations are transnational and are more effectively administered, coordinated, monitored, and reviewed at a higher organizational level such as that of a World Trade Organization. The idea is to uplift transnational organizations from the limitations of geography-based, nation-state jurisdiction to a truly global cloud. The first point is that transnational organizations need transnational governance structures. The reach, accessibility, and transparency of blockchain technology could be an effective transnational governance structure. Blockchain governance is more congruent with the character and needs of transnational organizations than nation-state governance. The second point is that not only is the transnational governance provided by the blockchain more effective, it is fairer. There is potentially more equality, justice, and freedom available to organizations and their participants in a decentralized, cloud-based model. This is provided by the blockchain’s immutable public record, transparency, access, and reach. Anyone worldwide could look up and confirm the activities of transnational organizations on the blockchain. Thus, the blockchain is a global system of checks and balances that creates trust among all parties. This is precisely the sort of core infrastructural element that could allow humanity to scale to orders-of-magnitude larger progress with truly global organizations and coordination mechanisms. Melanie Swan
  232. There is an opportunity to recreate the financial world as we know it in the parallel universe that is the blockchain. We are writing rules for this whole new universe. Patrick M. Byrne
  233. There is definitely a lot of banks that are interested in private blockchains. In some cases, they are happy with public blockchains as well. The opposition to just doing things on a public blockchain is definitely smaller than some of the strongest detractors think. Vitalik Buterin
  234. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. Richard Branson
  235. There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain – it’s going to be a number of different assets here. And the best way to invest in that is a diversified portfolio. Olaf Carlson-Wee
  236. There’s all these proofs that go on of identity, of records, and they’re quite non-digital. The blockchain innovation really allows us to take everything where there’s record keeping, everything where there’s trust around record keeping, and it allows us to make that digital, immutable, permanent, and global. Jeremy Allaire
  237. There’s a way to do it better – find it. Thomas A. Edison
  238. This is the reality in just 15 years: we will no longer talk about computers, the internet, digital, mobile or suchlike, as it’s now just part of life. You won’t think about Googling something, you will just think the question and the answer will materialise in your head. You won’t consciously separate life and technology, as the technology will have now become a part of you. Chris Skinner
  239. This whole blockchain thing is so compelling to me – I don’t know where it’s going, but it’s such an interesting ride. Michael Caputo
  240. Those who believe in Bitcoin also believe in cleverness. Arif Naseem
  241. Understanding block-chain makes you go mad, unless you start your own cult. Arif Naseem
  242. Users and entrepreneurs building new business models off the blockchain means that there are competing interests on how best to scale the network. Linux, also an open source software project, had similar growing pains. Brock Pierce
  243. Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency. Sir Richard Branson
    We all want a non-fragmented solution, but the utopian version of a single blockchain to rule them all is undesirable and impractical. Blythe Masters
  244. 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. Barry Silbert
  245. We don’t think the blockchain can do most of what’s been ascribed to it. But we’re entering the Internet of value – and that is very much underhyped. Chris Larsen
  246. We have elected to put our money and faith in a mathematical framework that is free of politics and human error. Tyler Winklevoss
  247. We need to come up with use cases for this technology that drive clear benefits for individuals and institutions – these are our customers. Too often we see bitcoin and blockchain technologies as solutions in search of a problem. We don’t just need these systems to be technically better than the alternatives – we need them to be more user-friendly. Abigail Johnson
  248. We see bitcoin as potentially the greatest social network of all. Tyler Winklevoss
  249. We’d love to see a world where Venmo added support on the blockchain, then a Circle customer could pay a Venmo customer using their QR code or their blockchain address – and go between those instantly and for free. Jeremy Allaire
  250. What proplets do is they look to the blockchain to see who owns them; they are kind of like SIM cards today – they know where they are at. Nick Szabo
  251. What’s really happening is that every bank in the country is experimenting with the blockchain and experimenting with bitcoin to figure out where the value is. For the first time ever, they’re working hand in hand with startups. Banks are asking startups for help to build products. Adam Draper
  252. When decentralized blockchain protocols start displacing the centralized web services that dominate the current Internet, we’ll start to see real internet-based sovereignty. The future Internet will be decentralized. Olaf Carlson-Wee
  253. When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant. Jeff Garzik
  254. Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. Vitalik Buterin
  255. While it may seem scarier in the earlier days, I think ultimately the blockchain creates a safer world. Fred Ehrsam
  256. With private chains, you can have a completely known universe of transaction processors. That appeals to financial institutions that are wary of the bitcoin blockchain. Blythe Masters
  257. With the Internet and blockchain, everything is changed. It’s the future of content. Michael Caputo
  258. Without blockchain there can be no educators. Arif Naseem
  259. Without transforming the business process, Blockchain only offers the potential of incremental value in reducing TCO. Tom Golway
  260. You can write anything that you would be able to write on a server and put it onto the blockchain. Instead of Javascript making calls to the server, you would be making calls to the blockchain. Vitalik Buterin
  261. You can’t stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust. John McAfee
  262. You can’t solve a problem on the same level that it was created. You have to rise above it to the next level. Albert Einstein
  263. You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust. John McAfee
  264. You could imagine something like a completely automated system for renting bikes that’s just done completely over blockchain crypto-payments. And theoretically just sort of start it up, and it works completely autonomously. Vitalik Buterin
  265. You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets. William Mougayar
  266. You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities. Olawale Daniel
  267. You must figure out where the money is coming from. Money won’t come find you. There are a ton of genius technologists in the blockchain space, but the harder part is figuring out how to make money. Brayton Williams
  268. You’re going to start seeing open-source, self-executing contracts gradually improve over time. What the Internet did to publishing, blockchain will do to about 160 different industries. It’s crazy. Patrick M. Byrne
Top 250+ Interesting Quotes About Bitcoin You Should Know About By Factober Inspiration Pinterest


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