Everywhere you look, there’s someone talking about Bitcoin. Although I believe it’s a bubble just like the dot com crash, Bitcoin is worth paying attention to.
Below are some quotes on bit coin. Enjoy.
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.”
– Professor Milton Friedman, a Nobel Prize winner in economics
Hey, obviously this is a very interesting time to be in Bitcoin center now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola center now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.”
– Jason King
“Bitcoin is the currency of resistance.”
“If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened”
– Max Keiser
“Bitcoin will do to banks what email did to the postal industry”
– Rick Falkvinge, Founder of the Swedish pirate party
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, American Lawyer, Economist and Investment Banker
“Bitcoin is a technological tour de force.” – Bill Gates
“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.” – Richard Branson
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Didmandis
“Bitcoin may be the TCP/IP of money.” – Paul Buchheit
“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
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. 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.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
Bitcoin open source implementation of P2P currency