Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
- Satoshi Nakamoto - Topics: Bitcoin, 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.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
- Nassim Nicholas Taleb - 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: Cryptocurrency, Central Bank, Bitcoin, Banking System, Government.
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.
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.
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.
Bitcoin will do to banks what email did to the postal industry.
- Rick Falkvinge - Topics: Cryptocurrency, Bitcoin, Banking System.
If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
Bitcoin is a technological tour de force.
- Bill Gates - Topics: Cryptocurrency, Bitcoin.
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