Words matter. These are the best Erik Voorhees Quotes, and they’re great for sharing with your friends.
Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out.
The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds.
When we started ShapeShift, a future world of natively digital assets was very theoretical.
In the longterm for Bitcoin, Gox needed to go away.
Personally, I had over 550 BTC in Gox. I will never get any of that back.
The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.
I’m much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer.
I was very excited about a currency that was not controlled by a central government, that could be a free market currency. That was all the incentive I needed to dedicate my life to it.
Bitcoin is very ideologically fulfilling, it’s my form of political activism, but it’s also a huge business opportunity.
Bitcoin will hit thousands of dollars per coin, because it’s worth at least that much, or it’s worth zero.
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.
Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.
Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.
Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.
ShapeShift, like SatoshiDICE before it, demonstrated how an old business could operate in a brand new way because of the properties of cryptocurrencies.
If you see a market that has slow and steady growth long enough, you’ll start to front-run it, and that slow and steady growth will start turning into steeper growth, and that will accelerate the process.
The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.
Most ‘digital currencies’ are not really digital currencies at all.
