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Within the participant bitcoin network or bitcoin universe, bitcoin is a smart decentralized digital currency.
This smart currency, bitcoin, can be transacted. Blockchain is a publicly distributed network or the digital world where bitcoin payments are stored and cryptographically validated by nodes in the network.
By adopting the alias Satoshi Nakamoto, an unnamed person or community of individuals created the cryptocurrency in 2008. The currency circulated in 2009 when its execution was made available as open-source technology. Millions of people rely on 'Bitcoin.com' to purchase, trade, invest, transfer, explore, and remain updated about cryptocurrencies. The digital currency word, bitcoin, is more prevalent in present-day share marketing and has been appreciated by the people at the federal reserve. It is a reliable e-cash, a new form of currency which has allowed the world governments to work upon the mainstream manifestation above the traditional notions. Bitcoin is also the first encrypted money which, no doubt, with its equal access, has led many to enjoy its enormous value wealth. Many times bitcoin is compared to emails in the context of the bank as the way email used to work for the postal industry.
Let's start with some of the popular quotes on bitcoin.
“Work hard until you feel Bitcoin is cheap.” - Brajesh Kumar Singh.
“Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn’t want to be on the receiving end of hacker fury.” - Adam Draper.
“If you like gold, there are many reasons you should like Bitcoin.” - Cameron Winklevoss.
“Bitcoin is a technological tour de force.” - Bill Gates.
“Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.” - Amir Taaki.
“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off.” - Julian Assange.
“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.
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” - Nassim Taleb.
“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.” - Hal Finney.
“There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin.” - Richard Branson.
“Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened.” - Max Keiser.
“Bitcoin, beacuse its characteristics and anonymity, is an appropriate means of payment for our service.” - Javier González Granado.
“Bitcoin may be the TCP/IP of money.” - Paul Buchheit.
“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.” - Marc Andreessen.
“Bitcoin never sleeps. We need to move quickly and grow quickly and do everything sooner rather than later.” - Roger Ver.
“Well, I think it is working. There may be other currencies like it that maybe even better. But in the meantime, there’s a big industry around Bitcoin. ” - Richard Branson.
Here are some inspirational quotes on the latest currency in the market.
“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.
“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.” - Marc Kenigsberg.
“PayPal had these goals of creating a new currency. We failed at that… I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking.” - Peter Thiel.
“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.” - Tim Draper.
“I understand the political ramifications of [bitcoin] and I think that government should stay out of them and they should be perfectly legal.” - Ron Paul.
“People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” - Richard Branson.
“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.” - Edmund Moy.
“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.” - Satoshi Nakamoto.
“The blockchain technology that underlies Bitcoin is a major technical breakthrough that could, in time, revolutionize both the Internet and the financial industry as we know them, and the first steps of that potential revolution are now under way.” - Jon Evans.
“There are 3 eras of currency: Commodity based, politically based, and now, math based.” - Chris Dixon.
“Right now Bitcoin feels like the Internet before the browser.” - Wences Casares.
“Every informed person needs to know about Bitcoin because it might be one of the world's most important developments.” - Leon Luow.
(Bitcoin has completely revolutionized the world, making it a successful virtual currency.)
Here's what some reputed individuals in the business and entertainment sector had to say about bitcoin.
“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.” - Satoshi Nakamoto.
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” - Tyler Winklevoss.
“Price is what you pay. Value is what you get.” - Warren Buffet.
“So bitcoin is cyber snob currency…” - William Shatner.
“I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.” - Max Keiser.
“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.” - Jeff Garzik.
“If you are thinking the price of Bitcoin is going up, you must also realize that the purchasing power of Bitcoin is increasing, hence you are guaranteed of freedom. You must decide not to allow the fiat currency to be your mental intermediary when thinking about the world.” - Olawale Daniel.
“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.
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency… for large transactions, currency can get pretty inconvenient.” - Bill Gates.
"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." - Pieter Wuille.
“Bitcoin is like anything else: it’s worth what people are willing to pay for it.” - Stanley Druckenmiller.
“There is going to be enormous amounts of resistance to the adoption of bitcoin, but I really believe that it’s about the most peaceful revolution that we can have in this world.” - Stefan Molyneux.
Finally, here are some motivational quotes on bitcoin and why it's worthy to be considered as a financial property.
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.” - Peter Diamandis.
“Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.” - John Battelle.
“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.” - Kim Dotcom.
“ I love this stuff – Bitcoin, Ethereum, Blockhain technology – and what the future holds.” - Abigail Johnson.
“Think of Bitcoin as a bank account in the cloud, and it's completely decentralized: not the Swiss government, not the American government. It's all the participants in the network enforcing.” - Naval Ravikant.
“Bitcoin is the most important invention in the history of the world since the Internet.” - Roger Ver.
“Virtual Currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” - Ben Bernanke.
“Bitcoin is really a fascinating example of how human beings create value, and is not always rational, it is not a rational currency in that case.” - Alan Greenspan.
“I do think bitcoin is the first encrypted money that has the potential to do something like change the world.” - Peter Thiel.
“Bitcoin will do to banks what email did to the postal industry.” - Rick Falkvinge.
“Bitcoin is not currency; it’s the internet of money!” - Andreas Antonopoulos.
“Bitcoin is Cash with Wings” - Charlie Shrem.
“Something like bitcoin is really important because it is not correlated to the rest of the market.” - Chamath Palihapitiya.
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