Quotes About Bitcoin

The largest fiat-collateralized stablecoin is Tether5 (USDT) with a market capitalization of $62 billion, making it the third largest cryptocurrency behind Bitcoin and Ethereum at time of writing. Tether also has the highest trading volume of any cryptocurrency but is not audited.

In Ethereum, there are two types of addresses: the externally owned account (EOA) and an address of a contract account. Transactions sent to an EOA can only transfer ETH.1 In Bitcoin, all addresses are EOA. In Ethereum, when data is sent to a contract account, the data are used to execute code in that contract. The transaction may or may not have an accompanying ETH payment for use by the contract.

The key innovation of Bitcoin was to combine the idea of blockchain (time stamping) with a consensus mechanism called proof of work

Blockchains allow for cryptographic scarcity (Bitcoin has a fixed supply cap of 21 million), censorship resistance and user sovereignty (no entity other than the user can determine how to use funds), and portability (can send any quantity anywhere for a low flat fee). These features combined in a single technology make cryptocurrency a powerful innovation.

Many argue that Bitcoin has no "tangible" value and therefore should be worthless. Continuing the gold comparison, approximately two-thirds of gold is used for jewelry, and an additional amount is used in technology hardware. Gold has tangible value.

Even though bitcoin may not, after all, represent the potential for a new gold standard, its underlying technology will unbundle the roles of money. This can finally clarify and enable the necessary distinction between the medium of exchange and the measuring stick. Disaggregated will be all the GAFAM (Google, Apple, Facebook, Amazon, Microsoft conglomerates)—the clouds of concentrated computing and commerce.

I'm investing. I'm taking a lot of bitcoin, selling it as the price goes up, and putting it into real estate. Because then if bitcoin goes to zero - which, it's an experiment, it could - I won't be on the street.

Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.

We're trying to create a comprehensive Bitcoin and crypto ecosystem so that we can grab the mantle of the most crypto-friendly city in the U.S.

I'm interested in businesses that take digital bits and turn them into interfaces for physical atoms. I'm also interested in drones, Bitcoin, and 3D printing.

Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer.

I don't want to be one of those rappers who had it, but right now they be on a TV show to keep them going. I would rather be out the scene, getting my money on Bitcoin.

Bitcoin never sleeps. We need to move quickly and grow quickly and do everything sooner rather than later.

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.

Devoid of the outside influences of capital and technology, the source of bitcoin value becomes the pure irreversible passage of time. The

Traditionally the haven currency was the U.S. dollar, but since early 2018—from Greece to Venezuela, from Argentina to Zimbabwe—the haven has increasingly been bitcoin.

Dmitry Buterin introduced his son to bitcoin, and Robert Russell, now CFO of Luminar, pushed Austin ahead in optics.

The pro-gun advocates point to the 2nd amendment of America's Constitution, citing Americans' right to bear arms as a protection against tyrants. Pro-Bitcoin advocates want protection against tyrants, too. The difference is how these two groups define tyranny.

While it's not obvious to people now, in the long-run, the permissionless innovation that Bitcoin enables will ultimately improve the lives of billions of people.

Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.

BitPay is the leading payment processor for bitcoin. The company specialize in setting up merchant accounts to accept bitcoin payments.

The next phase of the journey is to move from speculation to actual use cases - people getting into Bitcoin because they want to use it.

We dealt with a lot of skepticism early on, when we first spoke about bitcoin.

I think the whole narrative of blockchain without bitcoin will amount to very little.