Finance Quotes on Cryptocurrency

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

- Satoshi Nakamoto - Topics: Bitcoin, Cryptocurrency.

Bitcoin is insurance against politicians.

- Naval Ravikant - Topics: Cryptocurrency.

Cryptocurrency is everything you don't understand about money, combined with everything you don't understand about computers.

- John Oliver - Topics: Money, Cryptocurrency, Bitcoin.

It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.

- Satoshi Nakamoto - Topics: Cryptocurrency, Bitcoin.

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

- Satoshi Nakamoto - Topics: Bitcoin, Cryptocurrency.

I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.

- Friedrich A. Hayek - Topics: Money, Inflation, Government, Fiat Currency, Cryptocurrency, Central Bank, Bitcoin, Banking System.

Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

- David Ricardo - Topics: Inflation, Government, Fiat Currency, Cryptocurrency, Bitcoin.

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

- Satoshi Nakamoto - Topics: Bitcoin, Cryptocurrency.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

- Nassim Nicholas Taleb - Topics: Bitcoin, Cryptocurrency.

In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.

- Satoshi Nakamoto - Topics: Bitcoin, Cryptocurrency.

There were over 379 articles written, prematurely declaring the end of Bitcoin. Not only did Bitcoin survive, it thrived, becoming the top performing asset of the decade. The naysayers were proved wrong and we learned an important lesson about human nature: most big breakthroughs are contrarian ideas that people dismiss and ridicule at the start.

- Brian Armstrong - Topics: Bitcoin, Cryptocurrency.

Bitcoin is a technological tour de force.

- Bill Gates - Topics: Cryptocurrency, Bitcoin.

You need to buy insurance before the calamity hits. Bitcoin is the perfect anti-fiat. Bitcoin is equivalent to default insurance on a basket of fiat credit. You need to own bitcoin as a hedge to the regular calamities of the fiat system.

- Greg Foss - Topics: Cryptocurrency.

Bitcoin's mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future.’

- Nassim Nicholas Taleb - Topics: Cryptocurrency.

Bitcoin will do to banks what email did to the postal industry.

- Rick Falkvinge - Topics: Cryptocurrency, Bitcoin, Banking System.

It is difficult to get a man to understand something when his salary depends on his not understanding it.

- Upton Sinclair - Topics: Cryptocurrency, Bitcoin.

Paper money eventually returns to its intrinsic value: zero.

- Voltaire - Topics: Fiat Currency, Cryptocurrency, Inflation.

If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.

- Satoshi Nakamoto - Topics: Bitcoin, Cryptocurrency.

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