Stay away from it. It’s a mirage, basically.
- Warren Buffet
December 11, 2010 It would have been nice to get this attention in any other context.
WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.
If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin.
- Adam Draper
If you like gold, there are many reasons you should like Bitcoin.
- Cameron Winklevoss
Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.
- Jamie Dimon
Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.
- Charlie Munger
That's the last thing on Earth you should think about... There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin... It is total insanity.
- Charlie Munger
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.
- Max Keiser
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
- Satoshi Nakamoto
Bitcoin was created by and for risk-loving individuals. The everyday risk-averse person, which describes most people, should rightly be concerned and stay away.
- Peter Zaleski
Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use Bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
- Bill Gates
You can’t stop things like Bitcoin. It’s like trying to stop gunpowder.
- John McAfee
I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.
- David Marcus
Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.
- Andreas Antonopoulos
I had a few friends over for a smoke and my buddy Pancho is like an internet genius and he spent about 7 hours explaining the concept behind these Bitcoins. I was mesmerized man. It’s like my mind was destroyed, rebuilt, destroyed again and then slowly put back together like one of those crazy 1000 piece jigsaws. I’m a changed man from top to bottom.
- James Franco
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.
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.
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.
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.
Code talks. Talk walks.
To pin the future of blockchain on any one currency, let alone the initial one, means limiting blockchain potential; a potential that once scaled promises to have an unequaled impact on our day-to-day lives. And that really is the stuff of stars.
The divine line "Bitcoin/Cryptocurrency is for criminals" is a cunning defensive strategy created by so called traditional financial services sector.
Cryptocurrency is freedom, Banking is slavery.
In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
It is possible that Bitcoin will fork at some point. The question is whether or not it'll be a contentious fork. This process is a good thing in the long term, though potentially disruptive in the short term.
Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out.
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