10 Cryptocurrency Quotes You May Not Have Heard
Tags: Ethereum, Cryptocurrency, Bitcoin, Fintech, Blockchain

1.)“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-Founder of Bitcoin

2.)“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-Chairman and CEO of the X PRIZE Foundation

3.)“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-computer programmer and completed the first Bitcoin transaction

4.)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.”

– Vitalik Buterin-Co-founder of Ethereum

5.)“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-Co-Founder at Blockstream

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

– Marc Kenigsberg-Founder of BitcoinChaser.com

7.)“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”

– Erik Voorhees-Founder and former CEO of Coinapult

8.) “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…!”

– Jackson Palmer-Founder of Dogecoin

9.)“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

10.)“It’s gold for nerds.”

– Stephen Colbert, American writer, comedian, television host, actor

We’ll be sharing more posts like these on quotes about cryptocurrency as we launch https://www.formosa.financial an institutional grade custodial service for high net worth traders, businesses and their complex needs. Feel free to tweet