When you drill down, blockchains are really a shared version of reality everyone agrees on. So whether it’s a fully immersive VR experience, augmented reality, or even Bitcoin or Ethereum in the physical world as a shared ledger for our ‘real world,’ we’ll increasingly trust blockchains as our basis for reality.
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.
Through bitcoin, the Argentines are developing an economy which doesn’t require the bankers.
Applying criminal law to the exchange of bitcoin on behalf of ransomware victims would create a morally shocking result of re-victimizing a victim. All lawfully operating digital currency exchanges would thereafter refuse to exchange bitcoin for ransomware victims for fear of criminal culpability.
Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.
Bitcoin’s got its issues. But it is not competing with perfection.
If there is one positive takeaway from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds.
Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.
The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase. It’s happened four times, and it will happen again.
Think of Bitcoin as a bank account in the cloud, and it’s completely decentralized: not the Swiss government, not the American government. It’s all the participants in the network enforcing.
It’s hard to predict the future, but some people think that Bitcoin could do to finance what the Internet did to communications.
Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer.
Bitcoin and cryptocurrencies, they had this resiliency.
Bitcoin is coming from a bunch of young computer nerds who saw this thing and thought it was neat. A lot of the early bitcoiners are 19-year-old kids, still living at home with their parents, and they don’t have any business experience.
You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It’s much better if the Bitcoin economy is a self-contained thing.
We’re going to create digital wallets for our residents, and we’re going to give them Bitcoin directly from the yield of MiamiCoin.
In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.
Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon. If you pay for your ride with bitcoin, you’ll be using the first truly universal currency!
The Internet’s proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
Because the supply of Bitcoin is limited, the price of Bitcoin is going to have to increase and increase very substantially over time. My advice is that if you’re interested in Bitcoin and excited by Bitcoin, then buy some Bitcoin and hold onto them, and you’re likely to do very well over time.
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.
We see bitcoin as potentially the greatest social network of all.
The main idea with Brave is that you don’t have to think about Bitcoin; you just have this frictionless payment system.
Can we all please – I don’t want anybody buying cryptocurrencies, okay? Stop it. Enough already. Or buy Bitcoin, don’t buy Ethereum.
We can code wills, escrows, trusts, notaries, revokable charge backs, proof of contracts, intellectual property enforcement. What Wall Street does can be done in code by Bitcoin.
Gox was a pattern of poor operations, poor customer service, poor PR. You can’t just take bitcoin and hide.
If the world’s using bitcoin, governments won’t be able to fund wars through inflation like they do today.
The hardest obstacles for Bitcoin companies are banking and regulation.
After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal’s original vision to create ‘the new world currency.’
Daniel Masters is a master of the commodities markets with over 30 years experience. His bitcoin strategy is based on the parallels he sees from the oil industry in 1999 to the current state of bitcoin.
You look at Bitcoin, and it is an entirely new currency, completely decentralized, anonymous; transactions occur incredibly fast for free, all designed by the free market.
Bitcoin is my baby; it’s my whole world and my whole life. It’s what I was put on this earth to do.
I think, more than anything, Bitcoin presents an opportunity.
Bitcoin is complex: the entire private and public key issue, the transfers, the mining of bitcoins… but if you tell it as fiction, people would understand and remember.
Essentially, if you decide to sell a widget using BitPay, and you sell the widget for $100, in Bitcoin you get $100. And so it doesn’t matter what the price does the next minute or the next hour.
I care a great deal about what happens to Bitcoin.
You just can’t bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.
Bitcoin is amazingly transformative because it’s the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.
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.
Silicon Valley is a great place for Bitcoin, since everyone understands computers, and there are lots of libertarians running around.
As more wealth and political power is amassed – as bitcoins rise in value – Congress and various lobbying groups will be influenced to an ever greater extent by the interests of Bitcoin owners who – in turn – will lobby to keep the Internet and Bitcoin alive and growing.
The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?
Whatever happens to bitcoin, other cryptocurrencies are gaining ground and more respect. Ethereum, for instance, has far more transparency.
If you like gold, there are many reasons you should like Bitcoin.
Once people see Bitcoin and how it works, they realise this isn’t just a flash in the pan.
Bitcoin will hit thousands of dollars per coin, because it’s worth at least that much, or it’s worth zero.
We need for people to understand that… yes, we want you to hold bitcoin but we also want to increase the utility of bitcoin.
Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs, and could liberate poverty-stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world.
Most people heard about Bitcoin for the first time in the context of the Mt. Gox collapse. It is our Lehman Brothers.
People bought bitcoin because they thought it would be worth more tomorrow. And a lot of people got lucky. But we’re not seeing real people use bitcoin. And we don’t know what problem it solves. Now, blockchain, I think, is a genius advancement in technology.
Somehow I wound up with the nickname ‘Bitcoin Jesus,’ so people expect me to know about everything everywhere.
If bitcoin is more expensive or slower than traditional financial systems, people aren’t going to use it.
Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens or digital assets, and those include assets that people are familiar with, like bitcoin and ethereum, as well as very early-stage projects.
At the end of the day, what’s going to make bitcoin successful is more people making more interesting things, just like the beginning of the Internet.
There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too.
Isn’t the purpose of bitcoin mining simply to get rich – or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol – and particularly in the industrial uses of bitcoin enabled by embedded mining.
