Notes From A Bitcoin Whale - Part 8

Over the last 10 years or so, I have occasionally (!) said something "deep" about Bitcoin, either in articles, media interviews, or conferences. Below are about 50 of those quotes.

"Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency… for large transactions, currency can get pretty inconvenient"

"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 off of volatility too"

"I think the fact that within the bitcoin universe an algorithm replaces the function of the government… is actually pretty cool"

"The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that"

"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"

"Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative"

"PayPal had these goals of creating a new currency. They failed at that… I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking"

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

"At its core, bitcoin is a smart currency, designed by very forward-thinking engineers"

"Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 years. earlier, 9/11 would never have happened"

"Those who believe in Bitcoin also believe in cleverness"

"Bitcoin is the most stellar and most useful system of mutual trust ever devised"

"I describe Bitcoin as “a digital version of gold"

"Cryptocurrency is freedom, Banking is slavery"

"Bitcoin is like anything else – it’s worth what people are willing to pay for it"

"We see bitcoin as potentially the greatest social network of all"

"My basic thesis for bitcoin is that it is better than gold"

"Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0"

"It’s probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin"

"I think the whole narrative of blockchain without bitcoin will amount to very little"

"The divine line “Bitcoin/Cryptocurrency is for criminals” is a cunning defensive strategy created by so called traditional financial services sector"

"You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities"

"Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential"

"Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access"

"Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it"

"Cryptocurrency is such a powerful concept that it can almost overturn governments"

"Bitcoin will do to banks what email did to the postal industry"

"I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world"

"Bitcoin is the most important invention in the history of the world since the Internet"

"Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance"

"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"

"It’s gold for nerds"

"Bitcoin is a technological tour de force"

"Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments"

"The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency"

"You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust"

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