Famous Bitcoin quotes by famous people.

3 months ago
47 in bitcoin

Bill Gates:

1. “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.”

2. “Bitcoin is a technological tour de force.”

Richard Branson:

1. “Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money of volatility too.”

2. “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.”

Al Gore:

1. “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 function of the government …[that] is actually pretty cool.”

Eric Schmidt:

1. “[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lots of people will build businesses on top of that.”

John McAfee:

1. “In the long-term Bitcoin moves above $500,000 within three years. Bets?” McAfee tweeted on 17 July 2017. In his reply he added that if it doesn’t: “I will eat my dick on national television.”

2. “It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.”

Milton Friedman:

1. “I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”

Peter Thiel:

1. “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.”

Dmitry Medvedev:

1. “There are many examples of this, such as actively developing "blockchain" technologies. So called 'smart contracts' allow creation of self-regulated autonomous organizations independent of the State. Such systems take on a life of their own, transcending existing written laws. This presents extremely interesting phenomenon and challenge to legal scholars. It seems that in many such cases there exists a limit of what a law can achieve in principle. The deals that transfer property, that certify the property rights - it all happens in a highly automated fashion. ... Such novel situation calls for a concerted effort to deal with it. We need to analyze it. It puts non-standard tasks in front of the legal scholars, lawmakers. So non-standard solutions are needed that may lay the foundation for a completely new legal field. I hope for productive discussions regarding this issue among us.”

Julian Assange:

1. “Bitcoin actually has the balance and incentives right, and that is why it is starting to take off.”

Howard Marks:

1. Billionaire co-founder and co-chairman of Oaktree Capital Management, Howard Marks finds Bitcoin to be a commodity rather than a currency, saying that currencies don’t “go up 85 times in a year,” according to CNBC. Although Marks is open about the fact that he might be “too old and too much of a dinosaur to understand Bitcoin.” he still doesn’t “understand what’s behind Bitcoin.” Marks remains extremely successful in predicting the financial market and how it will behave. But as of now, it might be too early to determine what will happen with Bitcoin’s overall success.

 You can find the sources here, here, and here.  

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