Bitcoin quotes

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

“Governments are good at cutting off the heads of centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.”

“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.”

“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.”

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.”

“Proof-of-work has the nice property that it can be relayed through untrusted middlemen.”

“It doesn't matter who tells you a longest chain, the proof-of-work speaks for itself.”

“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”

“I'm sure that in 20 years there will either be very large transaction volume or no volume.”

“For greater privacy, it's best to use bitcoin addresses only once.”

“The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use.”

“We shouldn't be counting or spending transactions until they have at least 1 confirmation... unconfirmed transactions are very much second class citizens.”

“As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant.”

“Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”

“Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.”

“Nodes are not going to accept an invalid transaction as payment, and honest nodes will never accept a block containing them.”

“With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.”

“Running bitcoin”

“History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.”

“The network is robust in its unstructured simplicity.”

“Anybody who says they can’t afford #Bitcoin is missing the point.”

“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.”

“Ultimately it’s good for the network for mining to be expensive. It makes it that much harder for a well financed attacker to dominate the network.”

“I see Bitcoin as ultimately becoming a reserve currency for banks...”

“For Bitcoin to succeed and become secure, bitcoins must become vastly more expensive.”

“I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it is described as a toy. Just like microcomputers.”

“Bitcoin may be the TCP/IP of money.”

“The twin pillars of Bitcoin's value proposition: (1) It's possible to secure and transport your wealth without anyone's permission (2) Your wealth cannot be debased. Everything else is noise.”

“By attaching energy to a block, we give it 'form', allowing it to have real weight & consequences in the physical world.”

“The project needs to grow gradually so the software can be strengthened along the way.”

“#bitcoin blockchain is the new wonder of the world, more work and human ingenuity, than went into the great pyramids of Egypt. The biggest computation ever done, a digital monument, a verifable artefact of digital gold - the foundation of a new digital age”

“[Bitcoin is] more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes.”

“The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.”

“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.”

“In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.”

“The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.”

“If nuclear war destroyed half of our planet, [Bitcoin] would continue to live, uncorrupted.”

“No one has found the bottom of the Bitcoin rabbit hole.”

“I don't think there is anything more important in my lifetime to work on [than Bitcoin].”

“Bitcoin changes absolutely everything.”

“For the first time in human history, we can grant property rights to 8 billion people.”

“We don't need the banks anymore.”

“#Bitcoin is the one thing that can't be shutdown. A beacon of freedom in a benighted world.”

“There is nothing else that compares to Bitcoin”

“I AM HODLING”

“Bitcoin endures because the engineers that build it expect the unexpected. Money is a dangerous game, and any weaknesses, no matter how small, will be exploited.”

“I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.”

“Bitcoin is radically changing the world by being unchangeable.”

“There has never been a government that didn’t sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably will never be one. Therefore, instead of trying to convince our current government not to try, we’ll develop the technology that will make it impossible for the government to succeed.”

“Bitcoin is a once in a thousand year monetary innovation and it's too late to ignore that fact.”

“Being open source means anyone can independently review the code. If it was closed source, nobody could verify the security. I think it's essential for a program of this nature to be open source.”

“[Lost] coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.”

“[Mining is] easy now but it'll get harder as the network grows.”

“There are more coming.”

“For people living under authoritarian governments, Bitcoin can be a valuable financial tool”

“[Bitcoin is] a claim on the future productivity of the planet, in perpetuity, discounted to the present.”

“First step to understanding Bitcoin: admitting you don't understand Bitcoin.”

“...the price gyrations of bitcoins are entertaining to me.”

“I ... do think that there is potential value in a form of unforgeable token whose production rate is predictable and can't be influenced by corrupt parties.”

“This thing is not a toy anymore, and it’s maybe not an asset anymore as well. It is going to be much bigger than that.”

“There is no capacity to kill Bitcoin.”

“The more loathsome people that use bitcoin, the better. The more it works even if teeming with people that mutually despise each other, the more faith I have in its ability to protect us all”

“Bitcoin is a way out of our current system, which is exclusionary and unjust, and tends to prey on the weak and disenfranchised while letting the corrupt Davos crowd walk free.”

“Decentralized and private payments are a necessary innovation for a digital future where we retain our civil liberties and personal freedoms.”

“One of the greatest things that Satoshi did was disappear.”

“Decentralized digital scarcity is the real innovation... Bitcoin was the first, and... continues to be the only such coin.”

“There is no link between the informational realm and the physical realm. Proof of work is the only thing that creates this link in a probabilistic fashion, because it creates information that speaks for itself.”

“It seems that #bitcoin attracts a great number of very technically gifted people... It also seems to pull in people that are more likely to ask questions or develop their own opinion, and want to make a difference.”

“Humans are driven by incentives. #Bitcoin is a monetary system, but it’s also an incentive for humans to master energy.”

“Every day that goes by and Bitcoin hasn't collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of Bitcoin's eventual success and justifies a higher price.”

“The best way to make Bitcoin fail is to believe that its success is guaranteed... The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it.”

“I don't believe we shall ever have good money again before we take it out of the hands of government. We can't take it violently. All we can do is by some sly, roundabout way introduce something they can't stop.”

“Stay Humble. Stack Sats.”

“The proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.”

“The design and coding [of Bitcoin] started in 2007.”

“Tick tock, next block.”

“Bitcoin is a peaceful protest against the financial system that has failed us.”

“You may deride Bitcoin, no matter. Bitcoin will be there for you when you need it.”

“Bitcoin is absolutely profane, so much so that it hardly bears contemplation. It challenges the State’s most treasured privilege: its ability to finance itself through inflation and seignorage.”

“If it's your keys, it's your bitcoin. If it's not your keys, it's not your bitcoin! That's a lesson that we all learned during Gox, so...let's try not to have to be taught that lesson again.”

“I don't think we can afford two proof-of-work systems on this planet, but I think we might only need one.”

“We need one planetary scale proof-of-work system to offer us true, energy-dependent immutability. But maybe we can only afford one. Turns out, that might be Bitcoin's killer app.”

“Bitcoin is the most valuable, most secure, and most credibly neutral internet-native asset in the world.”

“Bitcoin is King”

“Amidst a sea of rent-seeking "cryptocurrencies" created by opportunistic venture capitalists, bitcoin stands alone as neutral, immutable money with rules, but no single ruler.”

“You can't stop Bitcoin. It's like trying to stop Gunpowder.”

“BTC is like a game of musical chairs, except you can sit down before the music stops if you want. And many of us sat down a long time ago.”

“I'll be buying at the top forever.”

“Money is a long story and #Bitcoin is the last chapter.”

“Bitcoin is simply a technology that, if adopted, moves society to an economic coordination point that can't be controlled by the powers that be.”

“Bitcoin is a path-dependent, one-time invention; its critical breakthrough is the discovery of absolute scarcity—a monetary property never before (and never again) achievable by mankind.”

“Bitcoin is just an honest ledger that's pricing the real market.”

“I don’t think humanity has grasped the moral implications of, for the first time ever in human history, having a truly honest way to account for time and energy.”

“Who is Satoshi Nakamoto?”

“Bitcoin is the human discovery of money. People have been experimenting with barter, beads, commodities, rocks, metals, and government promises for the last 10,000 years and Satoshi solved that problem in 2009.”

“Hodling bitcoin is an extreme version of the marshmallow test that never ends.”

“If Bitcoin were [to] become the ultimate form of currency [to be] adopted by human society, I can tell you exactly what's gonna happen as the worst scenario...we're all gonna die. This is not a joke.”

“The lesson of Bitcoin is: bitcoin is the best asset, there is no second best asset, buy bitcoin, keep buying bitcoin, don't sell the bitcoin.”

“Whoever gets the most bitcoin wins. There is no other end game.”

“I believe we have countries where you are frightened of your everyday existence, and Bitcoin gives you an opportunity to invest in something that is outside your country's control.”

“Bitcoin isn't 'cool' new tech. It's an ugly contraption optimized to be neutral apolitical money. It's not the toy you want, it's the medicine you need.”

“The longer Bitcoin survives, the more ridiculous your government's shitcoin looks.”

“Bitcoin is a new invention of the digital age, [but] the problems it purports to solve - are as old as human society itself.”

“Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack.”

“Any person who owns Bitcoin achieves a level of economic freedom which was not possible before its invention.”

“The Bitcoin ledger of transactions might just be the only objective set of facts in the world.”

“Bitcoin doesn't need your intellectual acceptance; your self interest will force you to use it sooner or later.”

“Your groceries aren't becoming more expensive, your money is becoming less valuable. Your supermarket is not the problem; your central bank is.”

“Bitcoin isn't here to compete for your coffee payments. It can offer international final settlement in under an hour.”

“Bitcoin has a couple of things going for it: it is distributed, with no single point of failure, no 'mint', no company with officers that can be subpoenaed and arrested and shut down.”

“We can't achieve human rights without financial freedom, and we can't achieve financial freedom without Bitcoin.”