Topic: Your Favorite Bitcoin Quotes ... (Read 170 times)

Indeed and the way he phrases that description also gets you thinking straight away that this technology is not only about Bitcoin alone, but about so many other things that could and probably should be organized the way he described it. Private property / digital private property is a concept that has its roots in so much academic research that the range of possible applications is almost inconceivable. It does become difficult though when externalizations like oracles come into play. That's why it is, as of yet, more suitable for digital property obviously. 

I've always been partial to this Quote by Marc Andreessen:


It just sums everything up in such a clear and precise way.

The first system of its kind that is without any kind of reservations or limits open to everyone. We have heard the sentence so often from politicians that stuff is being done in the name of the people for the people, but that doesn't quite come across like that or can be perceived as such considering the effects many policies have. With Bitcoin this changed quite a bit although the fees are kind of a limitation for some places in the world to really participate in the system to their benefit. That has to change as well.

I think anything written by Hal and Satoshi are worth saving in a quote record. They are both a big part of Bitcoin history and Hal has some quotes before Bitcoin was invented talking about NFTS and other things related to cryptocurrencies the man was ahead of the game. I think the topic here on Bitcoin discussion "Welcome to the new wealthy elite gentlemen" is a good quote too and was written before Bitcoin got above $100.

Someone wrote on facebook between 2011-2015 (I can't find any more post) about his predictions about the future of bitcoin. "Collect as many bitcoin as possible if you have the money, buy bitcoin at least 1 if you can afford them weekly or monthly and keep your bitcoins for at least 10 years and see what you will get later". It seems that the quote proves true that if someone bought 100 or more bitcoin in 2011-2015 then by 2021 they would already be a billionaire. This is his view on bitcoin investing, not about its usefulness and function as a currency.

Blessed are those who have believed in bitcoin since then until now although most of us are not so sure the price will reach $64K by mid 2021. A proof of satoshi's saying that in the future bitcoin will have a larger transaction volume and that could trigger the price to be much higher expensive due to increasing demand.

Ironically though, Bitcoin is for literally everyone. And "everyone" means that includes the government and malicious actors. Bitcoin is an asset that revolves around freedom in the first place, and "freedom" definitely doesn't mean only the moral and ethical people will take advantage of it.

I have been with the cryptocurrency since 2017 and yes I was able to witness the ICO craze and the many scams and frauds that came around resulting into loss of money with many investors. It was unfortunate that before I got introduced into Bitcoin, a scam program got into first. Yes, of course, it was my fault as I can easily be swayed for anything that is shining especially in the dark only to end up with nothing. Here is then is a quote about Bitcoin that I do always remember...

I chose something from Hal Finney and his observations about Satoshi Nakamoto - and given that he was one of his close associates, I think his words mean something.

Governments attacked Bitcoin, called it as a fraud.

After more than one decade, since 2009, they have been changing their words. Since 2020, we see more governments publicly announced that they are developing their CBDCs.

The biggest differences between their CBDCs and Bitcoin are:

• Bitcoin's total supply is finited, at 21 M.
• CBDCs' total supplies are infinite & governments can mint many CBDCs as they want for their nations. CBDCs are just replacements to their paper or polymer fiat currencies. CBDCs won't change the fact that governments cause hyper inflation.

References

• Bitcoin Controlled Supply
• [GUIDE] All About Central Bank Digital Currency (CBDC)

I thought it might be kind of fun to start a thread with quotes that really stick out to you, or have stuck out to you in the past about bitcoin.  Some examples could be things like answering critics, explaining how bitcoin works, etc etc.. any quote at all that you really like, I want to hear!

Here is my all time favorite quote about bitcoin from the one and only Andreas Antonopoulos.. (Context: Andreas was asked if he enjoys or appreciates arguments with anyone who is "against" bitcoin ) ..

"I think many of the intellectually honest people eventually stop being critics, because they suddenly realize that the flaws they are identifying are temporary features, issues, and not inherent problems. There are very few inherent problems in a dynamically evolving design or ecosystem of different designs all competing, that cannot be resolved.  There are critics who criticize this technology primarily based on their world view.   It is politically inconsistent with their world view.  It’s not that they do not like the technology it’s that they do not like the implications of this technology and the primary criticism you get then is “this should not be” to which all I can answer is ..and yet it is.  “but we mustn’t”… and yet we did, “but you shouldn’t”.. but yet we did".