Words matter. These are the best Bitcoin Quotes from famous people such as Adam Draper, Charlie Shrem, Roger Ver, Steve Hanke, Jeremy Allaire, and they’re great for sharing with your friends.
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.
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.
I don’t think Bitcoin cares what the Chinese or American politicians do.
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
Most people hoard their money – just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.
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.
When you take a look at how the IRS treats foreign currency, bitcoin doesn’t have the same taxation regime. Foreign currency gains and losses generally are taxed as ordinary income.
I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.
For people who invest in bitcoin, the allure is precisely that: It’s not backed by a central government. So it’s not manipulatable by central government.
With Bitcoin, no one has a monopoly of information.
It’s really hard to argue that bitcoin doesn’t have many legitimate benefits to companies that are legal businesses when you have Dell and Expedia and all these companies now accepting it.
Just like the Internet disrupted the publishing industry, we’re going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses and, frankly, some risks as well to the traditional business model as to how things get sold online.
Coinbase is ‘the’ brand in the Bitcoin space. Their founder Brian Armstrong was amongst the first good entrepreneurs to emerge in this space. While others championed ideological or underground/illicit interests, Brian saw an opportunity to change the world for the better and build a big business out of 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.
The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms.
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.
In April 2013, Nathaniel Popper of ‘The New York Times’ reported on Bitcoin in an article titled, ‘Digital Money is Gaining Champions in the Real World’.
By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.
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.
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.
To shut down Bitcoin is to shut down the Internet.
If you use a bad password, your Bitcoin will get stolen.
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.
One of the things that has plagued bitcoin is not bitcoin itself but the companies built on top of it.
BitCoin is actually an exploit against network complexity. Not financial networks, or computer networks, or social networks. Networks themselves.
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
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.
In the longterm for Bitcoin, Gox needed to go away.
There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain – it’s going to be a number of different assets here. And the best way to invest in that is a diversified portfolio.
There’s a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency flows across their border. I personally think governments will do what governments have always done: they will adapt.
BitPay is the leading payment processor for bitcoin. The company specialize in setting up merchant accounts to accept bitcoin payments.
Bitcoin’s revolution: an impossible-to-counterfeit digital store of value that can be used as money, that has no sovereign, or central bank involved, that can be sent anywhere instantly at virtually no cost, is irresistible. Anyone who uses it is converted.
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 don’t think it matters at all if the Bitcoin Foundation were to close.
I’m not wed to bitcoin’s blockchain. I’m blockchain-agnostic.
Bitcoin’s success will guarantee Bitcoin’s success.
Bitcoin Cash was created by people who don’t approve of Segregated Witness.
The events over the DAO hack might have spooked some people from ether to Bitcoin, helping with the rise in price, and now that ether is recovering a little, that movement is reversing the action.
The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won’t, but business will carry on regardless.
I regard the bitcoin craze as totally asinine to create some manufactured currency.
The emergence of open Internet protocols for value exchange, today led by the global adoption of Bitcoin’s blockchain, paves the way for value to move as freely as information and data move on the Internet today.
The majority of companies using BitPay to accept bitcoin are small businesses that are benefitting from lower transaction fees, faster service, and increased security for fraudulent transactions.
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.
The scripting language in Bitcoin is important because it is what makes Bitcoin ‘programmable money’. Within each Bitcoin transaction is the ability to write a little program.
Bitcoin, I think we can say, is dead.
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.
You have to be really, really careful how you use bitcoin in order to use it privately.
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.
Just like the Internet disrupted the publishing industry, we’re going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses and, frankly, some risks as well to the traditional business model as to how things get sold online.
I’m motivated by the positive ways in which Bitcoin use being widespread will make the world a better place.
People wanted Bitcoin to live so much, they basically willed it back into existence. That showed me how passionate this community was about it.
The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.
There is nothing that Bitcoin can do which Ethereum can’t. While Ethereum is less battle-tested, it is moving faster, has better leadership, and has more developer mindshare.
I don’t see myself as the king of Bitcoin. I don’t want to be the king of Bitcoin.
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.
