Quotes About Bitcoin

Once Wall Street starts putting money into Bitcoin - we're talking about hundreds of millions, billions of dollars moving in - it's going to have a pretty dramatic effect on the price.

People wanted Bitcoin to live so much, they basically willed it back into existence. That showed me how passionate this community was about it.

If the world's using bitcoin, governments won't be able to fund wars through inflation like they do today.

With private chains, you can have a completely known universe of transaction processors. That appeals to financial institutions that are wary of the bitcoin blockchain.

There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too.

I don't think Bitcoin cares what the Chinese or American politicians do.

When we announced that we were going to support Bitcoin companies, we became a great lightning rod for activity and fun.

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.

I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.

A "permissionless" cryptocurrency like Bitcoin is built to be out of anyone's control, wastes incredible amounts of electricity — Bitcoin uses about as much power as all of Austria45 — and would be a completely silly idea for a company to develop as an investment, unless they were maintaining control by other means.

Of course, the most common pitch for Bitcoin is much simpler: you might get rich for free. People will say and do any ridiculous thing if they might get rich for free. The one really consistent ideology in Bitcoin is: "number go up.

was glaringly obvious that a new currency at Facebook scale would be a systemic risk — it would be big enough to break everything. Regulators and legislators had Libra's number immediately — they knew this kind of foolishness, and they knew that these Bitcoin venture capital bros were absolutely stupid and arrogant enough to do another 2008 financial crisis all by themselves.

Bitcoin is not a currency for a government; it is a global currency for the people.

I think the fact that within the bitcoin universe an algorithm replaces the functions of the government is actually pretty cool. I am a big fan of bitcoin.

Bitcoin might revolutionise more than money or economics. It could transform the role and nature of government

Bitcoin, generally, is a great idea. Keeping wallets on smartphones is the worst idea of the decade

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation.

Bitcoin solved the double-spend problem. The key problem was payment confirmation without central clearing. Bitcoin's solution was ingenious but wasteful - it's fairly slow, and you can't put other things on it.

Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.

It is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin... They tell you there are rules and they can't do it. Don't believe them.

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

Bitcoin is mostly about anonymous transactions, and I don't think over time that's a good way to go. I'm a huge believe in digital currency... but doing it on an anonymous basis I think that leads to some abuses, so I'm not involved in Bitcoin.