American - Businessman | 1962 -
Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.
Patrick M. Byrne
MathematicsMoneyGovernmentCreation
Cryptocurrencies in general give us a stable medium through which we can communicate our information about values and prices in a way that no government mandarin can distort or usurp. For the predators who have used our central institutions to predate on the rest of humanity, it's a very bad development.
GovernmentRestHumanityInformation
On the blockchain, you have a public ledger, which is the form of ownership. That means you are not doing net settlement - just netting everything down, which means that everything has been turned into fungible numbers.
DoingOwnershipYouDownNumbers
There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too.
CashBitcoinCharactersToo
We are on a crazy strategy with our central bank. It's good to have alternative ecosystems. It's not that the dollar will go away, but we need other options if it crashes or wildly inflates.
GoodCrazyStrategyGoWillNeed
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