Category: Bitcoin quotes

Bitcoin Quotes

“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. “

Julian Assange

Bitcoin has the balance and incentives right

” It isn’t obvious that the world had

to work this way.

But somehow the universe smiles

on encryption.”

Julian Assange

The 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. “

Hasu

Bitcoin is hard to shut down

” Bitcoin is the most successful

privacy coin to date. “

Pierre Rochard

Most successful privacy coin to date

” Bitcoin is a technological innovation that happens once a species. “

Trace Mayer

Technological 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 Rabbit

Participate 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 Rabbit

Fix the money, change the world

” Hardly anybody actually

understands money. “

Nick Szabo

Nobody 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 Morehead

Bitcoin is a serial killer

” It’s 21 Million or Death.”

Robert Breedlove

21 million or death

” It might make sense just to get some

in case it catches on. “

Satoshi Nakamoto

In case it catches on

” Trusted third parties are

security holes. “

Nick Szabo

Trusted 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 Back

21 million coins

” I think it’s essential for a program of this nature to be open source. “

Satoshi Nakamoto

Open 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. “

Satoshi Nakamoto

Sha-256

” Code mixed with robust

game theory is superior

to hierarchical command and control. “

ℭoinsure

Code 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 Paul

Money…an awesome power

” The world has to adapt to bitcoin,

not the other way round. “

Herzmeister

The 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 Okung

Bitcoin 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 Mahmudov

Bitcoin 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 Novak

Bitcoin a bet on human ingenuity

” Everyone has got to believe in something.

Why not believe in something verifiable and unforgeable. “

Hass McCook

Believe 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.

Not people.”

Ben Prentice

Good ideeas control Bitcoin

Bitcoin is a seed of hope in a society which lost vision years ago and perspective just recently. “

Kim Neunert

Bitcoin 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 Bridge

Bitcoin’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 Song

Difficult to Change History

” Bitcoin is like gold but with this magical ability that

you can teleport it.”

Vijay Boyapati

Bitcoin 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 Mayer

Bitcoin Cannot Be Stopped

” I’m not here to fix Bitcoin. “

Michael Saylor

Fix bitcoin

” Buying bitcoin is the most powerful protest an individual can make against the current economic system. “

Luc Dossis

Buying 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 Schneier

Maximums that thermodynamics will allow

” Cryptocurrency is such a powerful concept that it can almost

overturn governments. “

Charles Lee

Cryptocurrency can almost overturn governments

” Bitcoin will do to banks what

email did to the postal industry. “

Rick Falkvinge

Bitcoin 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 Thiel

Bitcoin has the potential to change the world

” Bitcoin is the most important invention in the history of the world since the Internet. “

Roger Ver

Bitcoin 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 Rickards

Bitcoin 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 McAfee

Bitcoin 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 Gore

An 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 Branson

Some 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 Schmidt

Create 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 Thiel

Bitcoin 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 McAfee

Bitcoin devalues $ € ¥

” Bitcoin is the currency of resistance…

If Satoshi had released Bitcoin

10 years earlier,

9/11 would never have happened. “

Max Keiser

Bitcoin the Currency of Resistance

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. “

Peter Diamandis

Bitcoin 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. “

Milton Friedman

E-Cash

” Bitcoin is a technological

tour de force. “

Bill Gates

Tour 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 Nakamoto

Don’t have the time

” WikiLeaks

has kicked the hornet’s nest,

and the swarm is headed towards us. “

Satoshi Nakamoto

WikiLeaks

” Lost coins only make everyone else’s coins worth slightly more.

Think of it as a donation to everyone.

Satoshi Nakamoto

Lost 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 Nakamoto

Transaction 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 Nakamoto

Coins 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 Taleb

Bitcoin a Currency Without a Government

” Those who believe in Bitcoin also believe in cleverness. “

Arif Naseem

Believe in bitcoin believe in cleverness

” Bitcoin is the most stellar

and most useful system

of mutual trust ever devised. “

Arif Naseem

Bitcoin a System of Mutual Trust

“Cryptocurrency is freedom,

Banking is slavery. “

Arif Naseem

Cryptocurrency is Freedom

” Our basic thesis for bitcoin

is that it is better than gold. “

Tyler Winklevoss

Bitcoin better than gold

” I think the whole narrative

of blockchain without bitcoin will amount to very little. “

Fred Ehrsam

Blockchain without bitcoin

” Every informed person needs

to know about Bitcoin because

it might be one of the world’s most important developments. “

Leon Louw

Bitcoin 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:

Commodity based,

Politically based,

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 Draper

Bitcoin 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

promising idea.

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 Finney

Bitcoin 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 Wuille

Bitcoin 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 Diamandis

Good things

” There is so much potential …

I am just waiting for it to be

a billion dollar industry.”

“ Wow, Silk Road actually works ”

Charlie Shrem

Silk Road actually works
Andreas Antonopoulus
Plant the Seed…
Don’t buy to get Rich…
Educate Yourself !!!
Then Educate Others !!!
The sooner you accept the Truth,
The better you will build upon it !!!
You have a choice now !!!

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