Bitcoin Quotes
Quotes tagged as "bitcoin"
Showing 181-197 of 197

“The divine line "Bitcoin/Cryptocurrency is for criminals" is a cunning defensive strategy created by so called traditional financial services sector.”
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“The purpose of a centralized financial system or any other system, is not to exploit people, but to ensure stability in the society.”
― The Gospel of Technology
― The Gospel of Technology

“Blockchain itself is not dangerous, but if we start using decentralized blockchain as a complete substitute for our traditional transaction methods, then I am afraid, it would destroy the very human foundation of our financial system.”
― The Gospel of Technology
― The Gospel of Technology

“You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities.”
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“To pin the future of blockchain on any one currency, let alone the initial one, means limiting blockchain potential; a potential that once scaled promises to have an unequaled impact on our day-to-day lives. And that really is the stuff of stars.”
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“If there was ever a time that Silicon Valley believed it could revive the long-deferred dream of reinventing money, this was it. A virtual currency that rose above national borders fitted right in with an industry that saw itself destined to change the face of everyday life.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
“Bitcoin was in theory and in practice inseparable from the process of computation run on cheap, powerful hardware: the system could not have existed without markets for digital moving images; especially video games, driving down the price of microchips that could handle the onerous business of guessing. It also had a voracious appetite for electricity, which had to come from somewhere - burning coal or natural gas, spinning turbines, decaying uranium - and which wasn't being used for something arguably more constructive than this discovery of meaningless hashes. The whole apparatus of the early twenty-first century's most complex and refined infrastructures and technologies was turned to the conquest of the useless. It resembled John Maynard Keynes's satirical response to criticisms of his capital injection proposal by proponents of the gold standard: just put banknotes in bottles, he suggested, and bury them in disused coal mines for people to dig up - a useless task to slow the dispersal of the new money and get people to work for it. 'It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.”
― Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency
― Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency
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