Bitcoin and the founding technology upon which it is possible, blockchain, are still new to the human experience; however, everyone is talking about them for better and for worse. Cryptocurrency has entered the mainstream and ranking in relevance for quotes in Google searches.
The fascination and condemnation of Bitcoin and blockchain technology make for intriguing conversation starters in the digital age.
Computers and the internet have disrupted absolutely everything. We no longer view work, life, and leisure the same way. We practically ride in the hovercraft bubbles foretold in the cautionary Pixar tale, WALL-E with constant connectivity from behind screens of various sizes. Are we better off thanks to our advancements in technology? Or are we even more cut off, more alone, than at any other time in history?
The following 17 quotes come from the minds of those who are in favor and against the cryptocurrency movement; these snippets are bound to spark up lively conversations about what the future has in store when it comes to currency and blockchain technology.
When looking for the ways to explain the major differences between Bitcoin and blockchain, the experts have their own various illustrations to make it clear:
“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”— Marc Kenigsberg, founder of Bitcoin Chaser
“Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and blockchains. I think decentralized networks will be the next huge wave in technology. The blockchain allows our smart devices to speak to each other better and faster.” — Melanie Swan, author of Blockchain: Blueprint for a New Economy by Swan, Melanie (2015) Paperback
There are those who are teetering on the fence about blockchain, Bitcoin, and cryptocurrency in general:
“Maybe I’m just too old, but, I’m going to let this mania go on without me.” — Jeffrey Gundlach, DoubleLine Capital CEO and Chief Investment Officer
“Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.” — Lloyd Blankfein, CEO of Goldman Sachs
“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” — Leon Luow, Nobel Peace prize nominee
Famous naysayers regarding the potential and significance of Bitcoin and other cryptocurrencies make loud, vivid commentary:
“BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states’ ability to collect tax and monitor their citizens financial transactions.” — Charlie Stross, science fiction author and blogger
“Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.”— Warren Buffet, CEO of Berkshire Hathaway
Some people believe Bitcoin and blockchain technology are signifiers of a new age of trust:
“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.” — Al Gore, 45th Vice President of the United States
“Bitcoin will do to banks what e-mail did to the postal industry.” — Rick Falkvinge, Founder of the Swedish pirate party
“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” — Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine
“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
On a lighter note, who doesn’t love a good joke about a new topic in the mainstream? (The point being, if there are jokes, there is great relevance.)
“It’s gold for nerds.” — Stephen Colbert, Comedian
“It’s money 2.0, a huge huge huge deal.”— Chamath Palihapitiya, the previous head of AOL instant messenger
“So, bitcoin is cyber snob currency…”
— William Shatner, Actor known for lead role in Star Trek TOS
Others see Bitcoin and blockchain as inevitable forces with which to be reckoned:
“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.” – Jason King, Executive Director of Unsung.org and co-Founder of Academy: School of Blockchain
“You can’t stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust.” — John McAfee, Founder of McAfee
“Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), 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 hyperinflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!” — Trace Mayer J.D., a leading expert on Bitcoin and gold
Learn more about popular involvement and opinions of cryptocurrency and blockchain by reading Hip Hop and Bitcoin: How rap artists took to cryptocurrency.