Before Bitcoin, I was just waiting around for the Singularity.
Pretty uniformly, people want the benefits of bitcoin and the blockchain near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.
In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.
Bitcoin is just one example of something that uses a blockchain.
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.
Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.
A token like ethereum has gone up 10 times faster than bitcoin, and it’s fueling an ICO bubble no different then the dot-com IPOs of the late ’90s.
The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift card is Bitcoin. You practically have to be a hacker to know about it.
Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.
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.
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.
Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn’t want to be on the receiving end of hacker fury.
MaxCoin is competing for the crypto buck, if you will. So is Bitcoin, so is Dogecoin. Alt-coins are proving to be formidable because there’s a solid community behind it, there’s a use for it, and it’s got a great market capitalisation. I think that’s going to be a winner.
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.
When the Bitcoin white paper emerged in 2008, it was completely revolutionary. The amount of concepts that had to come together in just the right way computer science, cryptography, and economic incentives was astonishing.
We set up a small bitcoin and ethereum mining operation… that miraculously now is actually making a lot of money.
Price is the least interesting thing about bitcoin.
I describe Bitcoin as ‘the Skype of money.’
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.
Bitcoin’s success will guarantee Bitcoin’s success.
Bitcoin is probably the most portable money in the history of the world. I can download any amount onto a thumb drive and walk across any border without any problems. Or, I could commit to memory a line of code that I can then input into the network and save or spend Bitcoins.
Bitcoin is probably the most fungible currency ever created.
Some of the bitcoin community come from that kind of anarchistic, libertarian view. But, one reason why I think Ripple has been very successful is because we work with the system.
Some in the bitcoin community have always taken an anti-government, anti-fiat, anti-bank approach to their philosophy. Ripple takes the orthogonal side of each of those.
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.
At first, almost everyone who got involved did so for philosophical reasons. We saw bitcoin as a great idea, as a way to separate money from the state.
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.
Activists can improve their alternative media success by embracing alternative currencies like Bitcoin.
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?
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.
As money, Bitcoin achieves two objectives; it’s both a unit of transaction as well as being a store of value. The U.S. dollar, for example, is a unit of transaction, but it is not a store of value.
Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.
Bitcoin is very ideologically fulfilling, it’s my form of political activism, but it’s also a huge business opportunity.
In the longterm for Bitcoin, Gox needed to go away.
Bitcoin will hit thousands of dollars per coin, because it’s worth at least that much, or it’s worth zero.
The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.
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 interested in businesses that take digital bits and turn them into interfaces for physical atoms. I’m also interested in drones, Bitcoin, and 3D printing.
Every time you load a webpage is a HTTP request. That’s a lot of HTTP requests. If you are earning bitcoin on every HTTP request, that could be a lot of earned bitcoins.
We think of bitcoin as mobile. It’s not one company; it’s broad.
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.
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.
Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.
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.
Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.
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.
Andrew Ross Sorkin
Whatever happens to bitcoin, other cryptocurrencies are gaining ground and more respect. Ethereum, for instance, has far more transparency.
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.
This Bitcoin currency is a voluntary decentralized currency, anonymous. It can’t be shut down by anyone; there are no central servers.
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.
Despite popular belief, Bitcoin is a bad medium of exchange for people that value financial privacy because of the transparent ledger that reveals an address, timestamp, and amount for every transaction on the network.
Bitcoin is really a fascinating example of how human beings create value, and is not always rational… it is not a rational currency in that case.
I think long-term, Bitcoin is a currency of the Internet. So, even if humans don’t use it, routers will use it. Web browsers will use it. Web servers will use it.
If you’re investing in a company in the Bitcoin economy, you have to compare the valuation of the company to the valuation of the entire economy.
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.
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.
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
Maybe bitcoin is a kind of a bubble. I don’t like it. I’m not comfortable with it. I’m kind of an old dog to be absorbing that kind of a new trick.
I’m not wed to bitcoin’s blockchain. I’m blockchain-agnostic.
Patrick M. Byrne
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it’s through the technology that underlies bitcoin. It’s called the block chain.
Patrick M. Byrne
The narrative behind bitcoin has been dominated by bad behavior. The reality is bitcoin is filled with tons of talented developers building infrastructure.
Bitcoin never sleeps. We need to move quickly and grow quickly and do everything sooner rather than later.
If bitcoin is more expensive or slower than traditional financial systems, people aren’t going to use it.