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Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer.
Bitcoin is mostly about anonymous transactions, and I don't think over time that's a good way to go. I'm a huge believe in digital currency... but doing it on an anonymous basis I think that leads to some abuses, so I'm not involved in Bitcoin.
That was the moment I wanted to use bitcoin: when I saw Harriet Tubman on a $20 bill. It's like, when you see all the slave movies, it's like, why you gotta keep reminding us about slavery? Why don't you put Michael Jordan on a $20 bill?
Our basic thesis for bitcoin is that it is better than gold.
I love this stuff - bitcoin, ethereum, blockchain technology - and what the future holds.
Like the Internet, Bitcoin will change the way people interact and do business around the world.
The main idea with Brave is that you don't have to think about Bitcoin; you just have this frictionless payment system.
Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.
Bitcoin as an asset class is brilliant, as a means of payment, fantastic.
Bitcoin was created with security in mind. The Blockchain is Bitcoin's public ledger that records every transaction in the Bitcoin economy.
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That's a term that I really like - 'permissionless innovation' - because anybody who has an idea and has a solution can tap into or can leverage the Bitcoin blockchain.
It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire.
Gemini is a spot bitcoin exchange. To use it, you sign up with Gemini.com and undergo the initial standard review process, similar to what you'd encounter at a traditional bank. Once you're through, you can ACH or wire cash to the platform, then begin buying and selling bitcoin.
Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.
Ethereum exists because it enables developers to write smart contracts better than Bitcoin in the near-term. Zcash will exist because it will attempt to do privacy better than Bitcoin in the near-term, and the token gives you access to the anonymity protocol.
People bought bitcoin because they thought it would be worth more tomorrow. And a lot of people got lucky. But we're not seeing real people use bitcoin. And we don't know what problem it solves. Now, blockchain, I think, is a genius advancement in technology.
Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.
Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs, and could liberate poverty-stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world.
In 2017, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.
Bitcoin is just one example of something that uses a blockchain.
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.
Some bitcoin users see the hard fork as in some ways violating their most fundamental values. I personally think these fundamental values, pushed to such extremes, are silly.
Activists need to educate themselves about the power of crypto currencies like Bitcoin, invented in 2009, and use crypto to leverage the success of their independent media gains to tip the balance of power away from the troika in ways that could never happen by backing a political candidate.
When we announced that we were going to support Bitcoin companies, we became a great lightning rod for activity and fun.
I describe Bitcoin as 'the Skype of money.'
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