50 quotes about Bitcoin and cryptocurrency that are not necessarily positive

we put some bitcoin and cryptocurrency quotes by famous and reputable people together, so you can spend a few minutes by reading it and sum up what the world class people think about cryptocurrencies and Blockchain technology.

1 ― Paul Vigna, reporter for the Wall Street Journal

“Bitcoin is just six years old. It has gone from what was ostensibly one lonely coder’s pet project to a global phenomenon that has sparked the imagination and activism of libertarians, anticorporatists, crypto-anarchists, utopians, entrepreneurs, and VCs. Bitcoin has gone from being essentially worthless to dearly valuable, only to crash and rise again, a wild trading pattern that has few analogues in capital markets. It’s certainly gone from nowhere to somewhere, and where it goes from here may be as messy and chaotic as where it’s been.”

2 ― Bill Gates, an American business magnate

“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 the same place and, of course, for large transactions, currency can get pretty inconvenient.”

3 ― Richard Branson, English business magnate, investor and philanthropist

“Well, I think it is working. 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.”

4 ― Al Gore, an American politician and environmentalist

“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.”

5 ―  Paul Vigna, reporter for the Wall Street Journal

“The blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.”

6 ― Eric Schmidt, an software engineer and the Executive Chairman of Google

“[Bitcoin] is a remarkable cryptographic achievement… 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.”

7 ― John McAfee, British-American computer programmer and businessman

“In the long term Bitcoin moves above $500,000 within three years. Bets?” McAfee tweeted on 17 July 2017. In his reply he added that if it doesn’t: “I will eat my d*ck on national television.”

8 ― Paul Vigna, reporter for the Wall Street Journal

“At their core, cryptocurrencies are built around the principle of a universal, inviolable ledger, one that is made fully public and is constantly being verified by these high-powered computers, each essentially acting independently of the others.”

9 ― Nassim Taleb, Lebanese–American former trader and risk analys

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.”

10 ― Peter Thiel, Co-Founder of PayPal and venture capitalist

“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”

11 ― Milton Friedman, American economist who received the 1976 Nobel Prize in Economic Sciences

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

12 ― Paul Vigna, reporter for the Wall Street Journal

“We have an opportunity to reform the financial system, to turn it into the public utility that it’s supposed to be—a level playing field that everyone can indiscriminately use in their bid to get ahead. Let that be the standard for the coming age of cryptocurrency.”

13 ― Jeff Garzik, Co-Founder of Bloq Inc and contributor to Bitcoin Core

“When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.”

14 ― Peter Diamandis, founder and chairman of the X Prize Foundation

“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.”

15 ― Max Keiser, American broadcaster and film maker

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

16 ― Marc Kenigsberg, the founder of BitcoinChaser.com

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

17 ― Adam B. Levine, the founder of Let’s Talk Bitcoin, CEO at Tokenly

“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.”

18 ― Michael Marquardt, a co-founder of the World Institute of Action Learnin

“I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming “the currency of the Internet.” I’m most concerned by possible government reactions to Bitcoin. They can’t destroy Bitcoin, but they could really slow things down by making exchange much more difficult.”

19 ― Satoshi Nakamoto, when WikiLeaks started accepting Bitcoin donation

“The swarm is headed towards us”

20 ― Hal Finney, a developer for PGP Corporation

“Bitcoin seems to be a very promising idea. 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.”

21 ― Pieter Wuille, Bitcoin developer, Blockstream co-founder

“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.”

22 ― Rick Falkvinge, Founder of the Swedish pirate party

“Bitcoin will do to banks what email did to the postal industry”

23 ― Jason King, Founder at Unsung

“Hey, obviously this is a very interesting time to be in Bitcoin right now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola right now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.”

 

24 ― Marc Kenigsberg, Bitcoin and blockchain advocate

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

25 ― Amir Taaki, hacktivist and programmer with leading role in the bitcoin project

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

26 ― Bill Gates

“Bitcoin is a technological tour de force.”

27 ― Chamath Palihapitiya, venture capitalist and the founder and CEO of Social Capital

“It’s money 2.0, a huge huge huge deal.”

28 ― Trace Mayer, an entrepreneur, investor, journalist, monetary scientist

“Instant transactions, no waiting for checks to clear, no chargebacks, no account freezes, no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world.”

29 ― Jim Rickards, American Lawyer, Economist and Investment Banker

“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. I’m not surprised to see that happening.”

30 ― Warren Edward Buffett, American business magnate, investor

“If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,”

31 ― Edmund C. Moy, an American businessman and former government official

“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.”

32 ― John McAfee

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

33 ― Peter Thiel, Co-Founder of PayPal and venture capitalist

“I do think Bitcoin is the first encrypted money that has the potential to do something like change the world.”

34 ― Leon Luow, Nobel Peace Prize nominee

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

35 ― Roger Ver, CEO of Bitcoin.com

“Bitcoin is the most important invention in the history of the world since the Internet.”

36 ― Charlie Shrem, an entrepreneur and Bitcoin advocate and pioneer

“There is so much potential, … I am just waiting for it to be a billion dollar industry.”

37 ― Vitalik Buterin, programmer and writer primarily known as a co-founder of Ethereum

“Cryptocurrency Protocols Are Like Onions… One common design philosophy among many cryptocurrency 2.0 protocols is the idea that, just like the internet, cryptocurrency design would work best if protocols split off into different layers. Under this strain of thought, Bitcoin is to be thought of as a sort of TCP/IP of the cryptocurrency ecosystem, and other next-generation protocols can be built on top of Bitcoin much like we have SMTP for email, HTTP for webpages and XMPP for chat all on top of TCP as a common underlying data layer.”

38 ― Tim Draper, venture capital investor

“The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world.”

39 ― Charlie Lee, Creator of Litecoin

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

40 ― Erik Voorhees, strong advocate of Bitcoin

“Spend some time with Bitcoin. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people”
“Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.”

41 ― Jackson Palmer, Creator of Dogecoin

“Will people be buying yachts with their Dogecoin riches some day? Probably not. But are we having a lot of fun, helping great causes and spreading the digital currency word in the process? Yes we are. And perhaps if we pool our Dogecoin together we can build a Dogeyacht and sail the world, just saying…!”

42 ― Al Gore, an American politician and environmentalist.

“I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool. I am a big fan of Bitcoin”

43 ― William Shatner, Actor known for lead role in Star Trek TOS

“So bitcoin is cyber snob currency…”

44 ― S.E. Sever, Writer

“Money is a collective agreement. If enough people come to the same agreement, what they agree upon becomes secondary, whether it be farm animals, gold, diamonds, paper, or simply a code. History proves all these cases to be true. Who knows what the future is going suggest to us as money, once we see digital currencies as ordinary?”

45 ― Ron Paul, Republican Texas Congressman

“I understand the political ramifications of [bitcoin] and I think that government should stay out of them and they should be perfectly legal.”

46 ― Orlin Grabbe, Economist

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

47 ― Mark Wittkowski, Online marketer

“What can’t kill Bitcoin, makes it (us) stronger.”

48 ―  Arnon Grunberg, Writer

“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.”

49 ― Patrick Young, Financial analyst

“The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer. It’s going to be alternative currencies like bitcoin and it’s not actually going to be a banking system as we had before 2008.”

49 ― Kim Dotcom, Finnish-German entrepreneur

“Bitcoin is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.”

50 ― Whitfield Diffie, American cryptographer and one of the pioneers of public-key cryptography

“Lots of people working in cryptography have no deep concern with real application issues. They are trying to discover things clever enough to write papers about.”

what other quotes did you read on cryptocurrency? add it to comment section.