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. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”
~Satoshi Nakamoto - Bitcoin Developer
I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.
~ Peter Thiel
Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don't have to be physically in th esame place and, of course, for large transactions, currency can get pretty inconvenient.
~ Bill Gates, Founder of Microsoft
There is a famous scene in the matrix where Morpheus asks Neo if he wants to take the blue pill and go back to life as he knows it or take the red pill and see life as it is. Neo takes the red pill and begins a period of exploration about humanity, hierarchy, rules, etc. Bitcoin is a red pill. There will be some bad and awkward moments, but lots of good, useful and powerful things will also ensue. It will reallocate financial strength and power to the people versus keeping it within a few centralized authorities. I am hopeful that Bitcoin prevails. The world needs more red pills.
~ Chamath Palihapitiya - Venture Capitalist, Former Facebook & AOL Executive
At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions all good things
~ Peter Diamandis
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.
~ Arnon Grunberg
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
~ Nassim Nicholas Taleb
Bitcoin is not a currency for a government; it is a global currency for the people.
I'm a big fan of Bitcoin ... Regulation of money supply needs to be depoliticized.
The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?
[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
Bitcoin might revolutionise more than money or economics. It could transform the role and nature of government
Bitcoin is not currency; it's the internet of money!
The gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous.
Greece bankruptcy will trigger a market crash. My advice: Buy Bitcoin & Gold, Both will rise when the markets crash
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.
~Eric Schmidt, CEO of Google.
If we have a bitcoin universe, you don't get to print money for war. You don't get to have money for a prison/industrial complex. You don't get money for a war on drugs. You have to ask the people.
Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0. We have put our money in a framework free of politics and human error.
The key is that people aren't going to know that they're using bitcoin. It's going to be there, but it's not going to be exposed to the end user.
We're only at the beginningof this. People have to start realizing that money is just a fiction. an idea.
It (bitcoin) May be the purest form of democracy the world has ever known.
~Paco Ahlgren - Financial analyst, the author of 'Discipline'