Bitcoin Quotes over the years: cryptographic achievements with enormous value

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When we think of money, it can be difficult to envision a time when we didn’t have physical paper bills and coins. In the future, there may not even need to be any sort of physical currency because bitcoin is becoming increasingly popular as a form of digital cash that you can use online. Bitcoin has also been praised by many experts in the field for being an ingenious invention with enormous potential value.

Bitcoin is a very exciting development, it might lead to a world currency.

“Bitcoin has the characteristics of money with none of the difficulties over creating coins or printing paper money and that makes it profoundly interesting.” – Avinash Dixit, Yale economist

“It’s quite possible you’ll see national governments start issuing digital currencies in response to bitcoin.” – David Andolfatto, Federal Reserve Bank Vice President

“The successful miner finding the new block is rewarded with newly created bitcoins and transaction fees from everyone whose transactions are recorded in the block he found.” – Satoshi Nakamoto

“I think there will be one online equivalent to gold for which people can exchange goods,” says Tyler Winklevoss.

“Bitcoin has the potential to transform human life.” – Max Keiser, economist and broadcaster

“ Bitcoin is a technological tour de force. The ability of having these ledgers that can’t be replicated in any digital way makes it very unique and valuable.”- Richard Brown, Director for Banking & Technology at the Bank of England

“I think bitcoin will be one of the major forms of transaction for people around the world.” – Marc Andreessen, futurist and computer scientist

“Bitcoin has a great potential to become more widely used as it matures. Right now we are in a phase where Bitcoin is mainly being bought by speculators. What that does is create volatility in its value with respect to national currencies like dollar or euro. But over time I expect this speculative aspect would decrease as markets develop.” – Eswar Prasad, former head economist at International Monetary Fund

“The thing about gold out there that makes me uncomfortable was all these governments who said they were going to peg their currency against gold but had no idea what it was.

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin that can ever exist… and it’s completely verifiable.” – Mike Hearn, Google engineer

“There will be no single currency worldwide after the dollar dies because people are going to want something else other than those two choices — gold or Bitcoin.” – Ron Paul

“Bitcoin is a techno tour de force.” – Richard Gendall Brown, Executive Director Banking Innovation at RBS

“The thing about gold out there that makes me uncomfortable was all these governments who said they were going to peg their currency against gold but had no idea what it was.” – Mike Hearn, Google engineer

“There will be no single currency worldwide after the dollar dies because people are going to want something else other than those two choices — gold or Bitcoin.” – Ron Paul

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin that can ever exist… and it’s completely verifiable. ”- Mike Hearn, Google Engineer

“The most interesting and perhaps troubling idea behind Bitcoin is that we can create what I like to call a social consensus of reality. We’ve done it with paper money before.” – David Andolfatto, Federal Reserve Bank Of St. Louis

“Bitcoin was created because people realised the limitations in our current understanding of economics… ”- Nick Szabo

“Bitcoin has this nice property that nobody knows who invented it but everybody agrees on where he lives now. It doesn’t have nationality or ethnicity attached to its inventor anymore than email does.” – Tim May, Cyberpunk founder

Above are some quotes about the famous cryptocurrency application bitcoin, we hope you like this post and keep viewing and reading our next blogs.

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