In this post, you will find great Bitcoin Quotes from famous people, such as Balaji Srinivasan, Brock Pierce, Fred Ehrsam, Abigail Johnson, Brad Garlinghouse. You can learn and implement many lessons from these quotes.
We can divide bitcoin people into twocamps: one that goes along with the existing system and wants it to work complimentarily with the existing system, and then the other half is basically religiously opposed and wants to invent a libertarian, regulation-free world.
Application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum. For the first time, open-source projectcreators can directly monetize their open-source network.
It’s completely reasonable, even if some Bitcoin currency purists wouldn’t like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire.
As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of society, just like the Internet, companies and people will need to own Bitcoin to play on its rails.
I don’t want to be one of those rappers who had it, but right now they be on a TVshow to keep them going. I would rather be out the scene, getting my money on Bitcoin.
I view Bitcoin as the more democraticversion of money and value transfer because no one controls it… I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind.
Bitcoin is two things which share a name. One, it’s a payment system, and two, it’s a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.
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.
I don’t think it’s any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.
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.
Bitcoin has the potential to destroy credit cards and banks as we know it. Maybe that is a good thing or a bad thing, but I like the idea that if someone needs to remit payments, they can do it without being gouged.
It’s important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it’s to think of it as programmable money. And we just cannot even imagine what that will be used for.
Cryptocurrencies like Bitcoin are already trustless – any machine can accept it from any other, securely. They are (nearly) free. They are global – no central bank required, and any machine can speak the language.
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.
Pretty uniformly, people want the benefits of bitcoin and the blockchain – near-instant transfers, globallyavailable on any Internet-connected device, highlysecure, and nearly-free value transfers.
I firmly believe that when and if Amazon and or Apple adopts bitcoin as a payment structure the dam will essentially break because at that point you’re talking about a very high volume of transactions being able to use bitcoin.
That was the moment I wanted to use bitcoin: when I saw Harriet Tubman on a $20 bill. It’s like, when you see all the slave movies, it’s like, why you gotta keep reminding us about slavery? Why don’t you put MichaelJordan on a $20 bill?
You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It’s much better if the Bitcoin economy is a self-contained thing.
The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?
Ethereum exists because it enables developers to write smart contracts better than Bitcoin in the near-term. Zcash will exist because it will attempt to do privacy better than Bitcoin in the near-term, and the token gives you access to the anonymity protocol.