“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. “
Julian AssangeBitcoin has the balance and incentives right
” It isn’t obvious that the world had
to work this way.
But somehow the universe smiles
Julian AssangeThe universe smiles on encryption
” The innovation is that BTC
is hard to shut down. […]
Designed from the ground up
to survive under the most
adversarial conditions. “
HasuBitcoin is hard to shut down
” Bitcoin is the most successful
privacy coin to date. “
Pierre RochardMost successful privacy coin to date
” Bitcoin is a technological innovation that happens once a species. “
Trace MayerTechnological innovation that happens once in a species
” Bitcoin doesn’t care about
who you are or what your feelings are.
Bitcoin represents equal opportunity
to participate in a system not encumbered by our
legacy fiat structures. “
White RabbitParticipate in a system not encumbered by FIAT
” We’re here to unfuck the money
and there’s no stopping us.
Fix the money, Change the World. “
White RabbitFix the money, change the world
” Hardly anybody actually
understands money. “
Nick SzaboNobody understands money
” When you have a disruptive technology, they call it a category killer.
Bitcoin is a serial killer – it’s going to go through 40 or 50 different industries. “
Dan MoreheadBitcoin is a serial killer
” It’s 21 Million or Death.”
Robert Breedlove21 million or death
” It might make sense just to get some
in case it catches on. “
Satoshi NakamotoIn case it catches on
” Trusted third parties are
security holes. “
Nick SzaboTrusted third parties
” There are only going to be
21 million coins, there are
billions of people in the world,
some reasonable percentage
of who might find it interesting
to own a piece of Bitcoin.”
Adam Back21 million coins
” I think it’s essential for a program of this nature to be open source. “
Satoshi NakamotoOpen Source
” SHA-256 is very strong.
It’s not like the incremental step
from MD5 to SHA1.
It can last several decades
unless there’s some massive breakthrough attack. “
” Code mixed with robust
game theory is superior
to hierarchical command and control. “
ℭoinsureCode superior to hierarchical command and control
” Given that money is one half
of every commercial transaction and that whole civilizations literally
rise and fall based on the quality of their money, we are talking about
an awesome power, one that
flies under the cover of night. “
Ron PaulMoney…an awesome power
” The world has to adapt to bitcoin,
not the other way round. “
HerzmeisterThe world has to adapt to bitcoin
” When I first bought bitcoin it took me two years of speculation to understand what Bitcoin really was.
But once I fully had a grasp of it,
it was life altering. “
Russell OkungBitcoin is life altering
” Many countries stand to gain from Bitcoin’s adoption as it would remove their dependence on the US dollar and provide them with a feasible alternative. “
Misir MahmudovBitcoin a feasible alternative to the US $
” Bitcoin is a optimist bet on the future, a bet on human ingenuity.
Gold is a pessimist bet on the past and, often a bet the end of civilization. “
Rodolfo NovakBitcoin a bet on human ingenuity
” Everyone has got to believe in something.
Why not believe in something verifiable and unforgeable. “
Hass McCookBelieve in something Verifiable and Unforgeable
” Open source software is a meritocracy of ideas, not of people.
So people are always talking about
“Who controls Bitcoin?”
Good ideas control Bitcoin.
Ben PrenticeGood ideeas control Bitcoin
Bitcoin is a seed of hope in a society which lost vision years ago and perspective just recently. “
Kim NeunertBitcoin a seed of hope
” Bitcoin has an inescapable, unavoidable, and omnipotent magnetism for the brightest and most revolutionary minds on the planet.
I’ve never witnessed anything like it. “
Brandon BridgeBitcoin’s magnetism
” This is why proof of work needs
to be expensive, if it is cheap you can roll back things easily.
You want it to be very difficult to change history.
The only way to make it difficult to change history is to make the
process of writing the current
history very expensive. “
Jimmy SongDifficult to Change History
” Bitcoin is like gold but with this magical ability that
you can teleport it.”
Vijay BoyapatiBitcoin magical ability to teleport it
” Can Bitcoin be stopped?
“Not really, this thing is a beast.
As Mises wrote:
Ideas can only be overcome by other ideas. “
Trace MayerBitcoin Cannot Be Stopped
” I’m not here to fix Bitcoin. “
Michael SaylorFix bitcoin
” Buying bitcoin is the most powerful protest an individual can make against the current economic system. “
Luc DossisBuying bitcoin is the most powerful protest
” These numbers have nothing to do with the technology of the devices;
they are the maximums that thermodynamics will allow.
And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space. “
Bruce SchneierMaximums that thermodynamics will allow
” Cryptocurrency is such a powerful concept that it can almost
overturn governments. “
Charles LeeCryptocurrency can almost overturn governments
” Bitcoin will do to banks what
email did to the postal industry. “
Rick FalkvingeBitcoin is the email for the postal industry
” I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. “
Peter ThielBitcoin has the potential to change the world
” Bitcoin is the most important invention in the history of the world since the Internet. “
Roger VerBitcoin the most important invention in the history since the Internet
” 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. “
Jim RickardsBitcoin fits the bill as a way to preserve wealth
” 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 McAfeeBitcoin will be everywhere and the world will have to readjust
” I think the fact that within the bitcoin universe an algorithm replaces the function of the government… is actually pretty cool. “
Al GoreAn algorithm replaces the function of government
People have made fortunes off Bitcoin, some have lost money.
It is volatile, but people make money off of volatility too. “
Richard BransonSome Lost, some Won with Bitcoin
” 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 SchmidtCreate something wich is not duplicable
PayPal had these goals of creating a new currency.
We failed at that…
I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking. “
Peter ThielBitcoin Succeeded as a New Currency
” 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 McAfeeBitcoin devalues $ € ¥
” Bitcoin is the currency of resistance…
If Satoshi had released Bitcoin
10 years earlier,
9/11 would never have happened. “
Max KeiserBitcoin the Currency of Resistance
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. “
Peter DiamandisBitcoin is a smart currency
” 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. “
” Bitcoin is a technological
tour de force. “
Bill GatesTour de force
” If you don’t believe it or don’t get it,
I don’t have the time
to try to convince you, sorry. “
Satoshi NakamotoDon’t have the time
has kicked the hornet’s nest,
and the swarm is headed towards us. “
” Lost coins only make everyone else’s coins worth slightly more.
Think of it as a donation to everyone.
Satoshi NakamotoLost Coins
” In a few decades when the reward
gets too small, the transaction fee
will become the main
compensation for [mining] nodes.
I’m sure that in 20 years
there will either be very large transaction volume or no volume.
Satoshi NakamotoTransaction fee
” As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant.
Thus, it is known in advance how many new bitcoins will be created every year in the future.
Coins have to get initially distributed somehow, and a constant rate seems like the best formula.
Satoshi NakamotoCoins distribution at a Constant Rate is the best Formula
” Bitcoin is the beginning
of something great:
a currency without a government, something necessary and imperative. “
Nassim TalebBitcoin a Currency Without a Government
” Those who believe in Bitcoin also believe in cleverness. “
Arif NaseemBelieve in bitcoin believe in cleverness
” Bitcoin is the most stellar
and most useful system
of mutual trust ever devised. “
Arif NaseemBitcoin a System of Mutual Trust
“Cryptocurrency is freedom,
Banking is slavery. “
Arif NaseemCryptocurrency is Freedom
” Our basic thesis for bitcoin
is that it is better than gold. “
Tyler WinklevossBitcoin better than gold
” I think the whole narrative
of blockchain without bitcoin will amount to very little. “
Fred EhrsamBlockchain without bitcoin
” Every informed person needs
to know about Bitcoin because
it might be one of the world’s most important developments. “
Leon LouwBitcoin world’s most important developments
” 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 (CEO of MegaUpload)
Bitcoin might lead to a world currency
” Bitcoin may be the TCP/IP of money. “
Paul Buchheit (Creator of Gmail)Bitcoin the TCP/IP of money
” We have elected to put our money
and faith in a mathematical
framework that is free of politics
and human error. “
Tyler Winklevoss (Co-inventor of Facebook)Mathematical framework free of politics and human error
” I really like Bitcoin.
I own Bitcoins.
It’s a store of value,
a distributed ledger.
It’s a great place to put assets, especially in places like Argentina
with 40 percent inflation,
where $1 today is worth 60 cents in a year, and a government’s currency
does not hold value.
It’s also a good investment vehicle if you have an appetite for risk.
But it won’t be a currency until volatility slows down. “
David Marcus (CEO of Paypal)Bitcoin a store of value
” [Virtual Currencies] may hold long-term promise,particularly if the innovations promote a faster,
more secure and more efficient payment system. “
Ben Bernanke (Chairman of the Federal Reserve)Bitcoin may hold long-term promise
There are 3 Eras of currency:
and now, Math based. “
Chris Dixon (Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee)Math based currency
” Bitcoin is here to stay.
There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency.
And I wouldn’t want to be on the receiving end of hacker fury. “
Adam DraperBitcoin is here to stay
” It’s money 2.0,
a huge hugehuge deal. “
Chamath Palihapitiya (Previous head of AOL instant messenger)Money 2.0
” If there is one positive takeaway
from the collapse of Mt.Gox,
it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds. “
Brian Armstrong (CEO of Coinbase)Future of bitcoin
” Bitcoin seems to be a very
I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker.
It is a very modern notion that exploits the power of the long tail. “
Hal FinneyBitcoin a promising idea
” Bitcoin enables certain uses
that are very unique.
I think it offers possibilities that
no other currency allows.
For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself. “
Pieter WuilleBitcoin enables uses that are very unique
” At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.
It eliminates the need for banks,
gets rid of credit cardfees,
currency exchange fees,
money transfer fees,
and reduces the need for lawyers
in transitions… all good things. “
Peter DiamandisGood things
” There is so much potential …
I am just waiting for it to be
a billion dollar industry.”
“ Wow, Silk Road actually works ”
Charlie ShremSilk Road actually works
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