"[...] a concerted and state-sanctioned attempt to kill it never materialized. [...] no-one wanted to set a legal precedent of censoring general purpose technology simply because of one set of legally problematic uses." —Simon Morris
Bitcoin Quotes
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Spreading Bitcoin wisdom, one quote at the time.
"People will be forced to pay with bitcoins, not because of 'the technology', but because no one will accept their worthless fiat for payments." —Pierre Rochard
"Mere inflation — that is, the mere issuance of more money, with the consequence of higher wages and prices — may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not." —Henry Hazlitt
"Bitcoin isn't about getting your money out of your country. It's about getting your country out of your money." —Farbood
"It's not stable-with-respect-to-energy. [...] It's not tied to the cost of energy." —Satoshi Nakamoto
"A smartphone isn't really a calculator, but it can calculate as well as any calculator. A smartphone isn't really a camera, but it can take photos as well as any camera. Just like bitcoin can currency as well as any currency." —Shudra H Way
"Code mixed with robust game theory is superior to hierarchical command and control" —ℭoinsure
"When I first stumbled upon this Mengerian framework of money, this is when I actually thought it's game over for all the shitcoins out there." —Emil Sandstedt
"Once launched it cannot be stopped, come what may." —Simon Morris
"In our desire for abundance, we’ve vilified scarcity — and in the process eroded our notion of value." —Aleks Svetski
"For people living under authoritarian governments, Bitcoin can be a valuable financial tool" —Alex Gladstein
"This is why proof of work needs to be expensive, if it is cheap you can roll back things easily. You want it to be very difficult to change history. The only way to make it difficult to change history is to make the process of writing the current history very expensive." —Jimmy Song
"In comparison to modern distributed databases, blockchains are slow, ponderous, unnecessarily redundant and overly paranoid." —Dhruv Bansal
"The whole point of doing ICOs is to get other people's bitcoins. " —Pierre Rochard
"I realised, oh, this ledger is now being maintained on everyone’s computers in real time so no one can freeze it, no one can reverse it, no one can counterfeit, no one can double spend. That’s when it really clicked for me." —Charlie Shrem
"Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker. It is a very modern notion that exploits the power of the long tail." —Hal Finney
"The end goal is Bitcoin itself." —Erik
"Can Bitcoin be stopped? "Not really, this thing is a beast. As Mises wrote: Ideas can only be overcome by other ideas."" —Trace Mayer
"Bitcoin is insurance against politicians." —Naval Ravikant
"Through owning bitcoin you are part of the revolution." —Dan Held