Quotes About Blockchain

I just spent the last 8 months working on the second edition of 'Mastering Bitcoin,' and I couldn't even scratch the surface of all the innovation that is happening in BTC.

Bitcoin may be the TCP/IP of money.

Prospective users hear the blockchain hype and assume the hypothetical plans are real products that exist now — though "the blockchain could" is a phrase that really means "the blockchain doesn't," because if it did, they'd say that.

Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.

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.

Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.

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.

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.

Yeah, I love Ethereum. I love coding.

Ethereum will be a first-class citizen on Coinbase.

This whole blockchain thing is so compelling to me - I don't know where it's going, but it's such an interesting ride.

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.

Let's return to our Excel spreadsheet. Imagine entering data about yourself in cell A1. In cell B1 you'll find the deed to your house, and in cell C1 is information about the buyer. Each cell is a block. Within each block is data. And the three blocks are linked together in a chain. A blockchain.I

Instead of the cashier and ticket-ripper of the movie theater, the block chain consists of thousands of computers that can process digital tickets, money, and many other fiduciary objects in digital form. Think of thousands of robots wearing green eye shades, all checking each other's accounting.

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.

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.

There is a new economy out there, what I call the Crypto-Tech Economy, that could be as big, if not bigger, than the web economy. So we have to be prepared for it.

We have elected to put our money and faith in a mathematical framework that is free of politics and human error.

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.

It is possible that Bitcoin will fork at some point. The question is whether or not it'll be a contentious fork. This process is a good thing in the long term, though potentially disruptive in the short term.

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.

The blockchain symbolizes a shift in power from the centers to the edges of the networks.

Bitcoin is probably the most fungible currency ever created.

We know that flat and non-hierarchical systems use information best. I've tried to do that with my own company because it works better that way. And society at large will work better as well if we can get rid of these old institutions and hierarchies. New innovations like the block chain can make this possible.