75 Quotes About Blockchain

To understand how Bitcoin works, you have to first unlearn the fiat economics you have been taught to believe in. Once you do, Bitcoin education becomes the obvious choice.

You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities.

Bitcoin and other cryptocurrencies are dependent on blockchain - the underlying distributed ledger that guarantees tamper-resistant permanent transactions - to do business. But that's not all blockchain does, or has the potential to do.

Centralized blockchain can be a great boon to the society, especially in the developing parts of the world, whereas decentralized blockchain will only cause chaos and destruction.

Incorporating cryptocurrency in the traditional centralized financial system not only speeds up transactions exponentially, but also it makes the system more user-friendly, whereas in a decentralized system cryptocurrency will only breed insecurity and chaos, due to the utter absence of liability.

Machines are non-living things, but they still can absorb human attitudes.

Fiat dominated banks refusing to work with cryptocurrency are like bookstores refusing to work with the internet. Only time will tell.

In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997. But Bitcoin is growing faster. The next four years on this current path will bring Bitcoin user base to 1 billion people, which is the equivalent uses of 2005 for the Internet.

There is nothing more interesting than the internet right now and the same would be said of the blockchain-powered solutions like Bitcoin and other altcoins few years from now.