Quotes Blockchain
It has been almost a decade we saw Bitcoin emerging from the free market to challenge the status quo of central banking.
And it is almost five years that we have seen the word ‘Blockchain’ getting a lot of attention.
But have you paused and thought for a moment, why so much buzz?
Explore 138 Blockchain Quotes (page 2) by authors including Abigail Johnson, Julie Sweet, and Fred Ehrsam at BrainyQuote. “Blockchain is a really disruptive development, and banks have a lot of fear concerning this technology because in the pure theory of blockchain, a lot of processes within a traditional bank would be obsolete” – Thomas F Dapp, research analyst, Deutsche Bank. “The blockchain is all about bringing in transparency and efficiency into the existing systems which are running the upstream and downstream supply chains and making them more proactive and predictive.” ― Rahul Guhathakurta, The Age of Blockchain: A Collection of Articles.
Well, that’s because these two inventions are promising various solutions for the long-standing issues humanity has faced.
And many people around the world are leaving their jobs and joining these two revolutionary fields as they have come to realize their transformative powers.
Quite a few have also claimed that Bitcoin and Blockchain are going to be bigger than the invention of the internet itself.
Realizing that many thought-leaders and visionaries have spoken highly of Bitcoin/Blockchain and here are some of the best quotes that I liked about them:
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Top Revolutionary Bitcoin & Blockchain Quotes In 2020
#1. “Bitcoin is a technological tour de force.” —Bill Gates, co-founder of Microsoft and philanthropist
#2. “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” —Bill Gates, co-founder of Microsoft and philanthropist
#3. Bitcoin will do to banks what email did to the postal industry.” —Rick Falkvinge, Swedish information technology entrepreneur.
#4. Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. —Vitalik Buterin, Creator Ethereum
#5. Bitcoin is a remarkable cryptographic achievement and the ability to create something which is not duplicable in the digital world has enormous value… incredibly useful for many computer applications.-Dr. Eric Schmidt, Former Google CEO
#6. Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. –Peter Thiel, Co-Founder of PayPal
#7. A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.-Satoshi Nakamoto, Founder of Bitcoin
#8. 03/Jan/2009 Chancellor on brink of the second bailout for banks –Satoshi Nakamoto, Founder of Bitcoin
#9. When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.- Jeff Garzik, a former contributor to Bitcoin Core, a Bitcoin developer
#10. PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.” –Peter Thiel, Co-Founder of PayPal
#11. Cryptocurrency is such a powerful concept that it can almost overturn governments –Charles Lee, Creator of Litecoin
#12. 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.-Erik Voorhees, CEO & Founder of ShapeShift
#13. 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.-Jim Rickards Economist and Investment Banker
Quotes About Blockchain Technology
#14. Bitcoin is the most important invention in the history of the world since the Internet. –Roger Ver, Bitcoin angel investor, and evangelist
#15. You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”- John McAfee, Founder of McAfee.
#16. Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.”- Leon Luow, Nobel Peace Prize nominee
#17. I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.- Peter Thiel, Co-Founder of Paypal.
#18. 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.”-Sir Richard Branson, Founder Virgin Records, Virgin Galactic,
#19. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” –Tyler Winklevoss, Co-creator of Facebook
#20. You could imagine something like a completely automated system for renting bikes that’s just done completely over blockchain crypto-payments. And theoretically just sort of start it up, and it works completely autonomously. —Vitalik Buterin, Creator Ethereum
#21. Before I went to prison, there were not really many blockchain products. It was only, bitcoin. -Charlie Shrem
#22. I think the whole narrative of blockchain without bitcoin will amount to very little. -Fred Ehrsam
But it has not all been rosy until now because you have several negative bitcoin and blockchain quotes from the non-believers. Here are some of these quotes:
#23. It’s a fraud” and “worse than tulip bulbs..-Jamie Dimon, Chairman, and CEO of JPMorgan Chase
#24. It looks and smells like all the bubbles I have seen throughout history –Jim Rogers, legendary Investor,
#25. So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function. It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” Stiglitz added. We should all just go back to what we always had and this is just a bubble –Joseph Stiglitz, Nobel Prize-winning economist.
#26. Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.—Warren Buffet, CEO of Berkshire Hathaway
#27. Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success, –Ben Benarke, former Chairman of the Federal Reserve
Conclusion: Best Crypto Blockchain Quotes & Taglines
So these were some of the best crypto and blockchain quotes by some of the industry veterans that themselves are involved in building this ecosystem.
Of course, a pinch of negative thoughts is always welcomed to keep things in balance, and that’s why I have listed down those quotes as well.
But if you ask me about my stand on Bitcoin and Blockchain, I would say, “It will change everything we do and how we do in next decade or two.”
With that signing-off for today, meanwhile, I will wait for your comments below and request you to share this article with your friends & family !!
Quotes from notable, influential people on Bitcoin & Blockchain technology.
“[Bitcoin] is a techno tour de force.” – Bill Gates, Founder of Microsoft
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” – John McAfee, Founder of McAfee
It’s money 2.0, a huge huge huge deal. – Chamath Palihapitiya, Previous head of AOL instant messenger
“At its core, bitcoin is a decentralized protocol that enables exchange of value among parties around the world, giving it the potential to alter the financial services landscape” – Jay Reinemann, BBVA Ventures executive director.
“The bitcoin blockchain is an opportunity for Wall Street to streamline some operations that are pretty antiquated” – Duncan Niederauer, former CEO of NYSE Euronext.
“Money at its core is simply a ledger for keeping track of debts, and bitcoin is truly the best iteration of a universal ledger we’ve ever seen” – John Reed, former chairman and CEO of Citibank.
“Blockchain is a really disruptive development, and banks have a lot of fear concerning this technology because in the pure theory of blockchain, a lot of processes within a traditional bank would be obsolete” – Thomas F Dapp, research analyst, Deutsche Bank.
“Blockchain technology will not only change the way we do payments, it will change the whole trading and settlement topic” – Oliver Bussmann, CIO, UBS.
“Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole” – Bob Greifeld, CEO, Nasdaq.
“In time, distributed ledgers will support smart contracts and computer protocols that verify or enforce contracts. This will lead to a wide variety of potential uses in securities, syndicated lending, trade finance, swaps, derivatives or wherever counter-party risk arises” – Santander Innoventures.
Bill Gates Bitcoin Quote
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error” – Tyler Winklevoss, Co-creator of Facebook
“Entire classes of bugs are missing” – Dan Kaminsky, Security Penetration Expert for Cisco and Avaya
“There are 3 eras of currency: Commodity based, politically based, and now, math based” – Chris Dixon, Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee
“Bitcoin will do to banks what email did to the postal industry” – Rick Falkvinge, Founder of the Swedish pirate party
“Bitcoin may be the TCP/IP of money.” – Paul Buchheit, Creator of Gmail
“ I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool. I am a big fan of Bitcoin†– Al Gore, 45th Vice President of the United States
“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.” – Paul Graham, Creator of Yahoo Store
“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.” – Peter Thiel, Co-Founder of Paypal
“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.” – David Marcus, CEO of Paypal
“[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system” – Ben Bernanke, Chairman of the Federal Reserve
“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.” – Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses
“So bitcoin is cyber snob currency…” – William Shatner, Actor known for lead role in Star Trek TOS
“Bitcoin & Blockchain is by far the most advanced technology to emerge since the birth of the internet. Its 500 years ahead of its time.” Alan Donohoe – Irish Bitcoin Foundation.
“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off” – Julian Assange, Founder of Wikileaks
Blockchain Quotes From Famous People
“[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.” – Kim Dotcom, CEO of MegaUpload
Blockchain Quotes From Famous
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value” – Eric Schmidt, CEO of Google