When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool.
The relative success of the Bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.
When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool.
Bitcoin will do to the Central Bankers what Copernicus did to the Cardinals
I think Bitcoins are obviously becoming more and more relevant.
[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.
We're bullish on Bitcoin [and] cyrpto-currencies in general, but Bitcoin specifically.
Bitcoin is a technological tour de force.
It's money 2.0, a huge huge huge deal.
There is a famous scene in the Matrix where Morpheus asks Neo if he wants to take the blue pill and go back to life as he knows it or take the red pill and see life as it is. Neo takes the red pill and begins a period of exploration about humanity, hierarchy, rules, etc. Bitcoin is a red pill. There will be some bad and awkward moments, but lots of good, useful and powerful things will also ensue. It will reallocate financial strength and power to the people versus keeping it within a few centralized authorities. I am hopeful that Bitcoin prevails. The world needs more red pills.
There are 3 eras of currency: Commodity based, politically based, and now, math based.
Entire classes of bugs are missing.
I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down.
Bitcoin is a technological tour de force.
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value
Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce. I think these people should be asking the more important question: Why do THEY have value?
Swift could someday send transactions in Bitcoin as a currency if banks offer accounts in Bitcoin
I am generally in favor of bitcoins.
Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance.” (1995)
I endorsed Bitcoin in The Good Wife, what more can you ask!?
Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.
While the freedom Bitcoin promises is an illusion, it's one that will always have a grip on the human mind - the dream of finding some kind of talisman, a benevolent tyrant or a magical new technology, that can shelter us from power and crime and protect us from each other.
You can't stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust
You can't stop things like Bitcoin. [...]. It's like trying to stop gunpowder.
Bitcoin actually has the balance and incentives right, and that is why it is starting to take off
Bitcoin] is a very exciting development; it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.
Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments
The clouds are opening up to herald the arrival of Satoshi Cyberchrist! Christ is back! And he's got bitcoin!
This is what we've been waiting for, this is the cyberchryst moment. This is when the activists that have been pushing against the FED are going to win...
For Bitcoin to make it, it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade.
Nothing volatile DOWN can be Antifragile. Needs to be at least robust. In other words needs to have upside, little downside. Not the case now [with bitcoin].
The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, Dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer, it's going to be alternative currencies like Bitcoin, and it's not actually going to be a banking system as we had before 2008.
Bitcoin may be the TCP/IP of money.
I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it's derided as a toy. Just like microcomputers.
I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it's derided as a toy. Just like microcomputers.
I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.
Bitcoin will do to banks what email did to the postal industry
Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing neither income nor wealth for running their operations.
Bitcoin is a fixed supply, a first-of-its-kind, global-in-scale, voluntary, decentralized open-source digital currency and payment network that enables direct, peer-to-peer, borderless, pseudo-anonymous, nearly-instantaneous, nearly-free and irreversible cash-like transfers of value. The first currency and money system in the world which has no counter-party risk to hold and to transfer.
I understand the political ramifications of [Bitcoin] and I think that government should stay out of them and they should be perfectly legal.
In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle.
Virgin Galactic is a bold entrepreneurial technology. It's driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.
Its gold for nerds.
Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!
We have elected to put our money and faith in a mathematical framework that is free of politics and human error.
Of our $49 million, we haven't moved any to Bitcoin.
So Bitcoin is cyber snob currency...
I see Bitcoin as one of the biggest things for potentially reducing the power of state and uplifting the power of the individual to happen for ... forever maybe.