Blythe Masters Quotes

I think the best projects understand that they don't need to invent a new currency. They don't need to use the block chain as their long-term data storage solution. And they don't need to use the peer-to-peer network as their communication mechanism. They should use the block chain as the world's most secure distributed ledger.

Countless banks around the world are already testing distributed ledger systems in proof-of-concept trials.

When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound.

For the foreseeable future, I'm all about building blockchain-based decentralized services.

The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?

I'm not wed to bitcoin's blockchain. I'm blockchain-agnostic.

I call the blockchain 'the Internet of value' and 'the Internet of trust.' Because everything becomes trustless. It's a big distributed ledger. Think of it like an Excel file that's being maintained and updated and managed by millions of computers around the world.

With NXT there are always going to be a few people who are still developing because that's what NXT is, but that's really exciting because you get to see them thrown into the deep end.

When asked to explain this space, I often ask people to forget pretty much everything you've heard about blockchains, crypto-currencies, and bitcoin, and instead dumb it down a lot and think about something no more complex or intimidating than good old-fashioned database technology.

Bitcoin is a peer-to-peer, decentralized form of money, as durable as the Internet itself. Remember, the Internet - or DARPA, as it was originally called - was created as a fail-safe, global network with no 'single point of failure.' If one part goes down, data takes another route, and nothing is lost.

The interesting thing about blockchain is that it has made it possible for humanity to reach a consensus about a piece of data without having any authority to dictate it.

I think the whole narrative of blockchain without bitcoin will amount to very little.

Bitcoin can be programmed, metered, and exchanged by connected devices, enabling more efficient usage of our planet's resources and services.

When you drill down, blockchains are really a shared version of reality everyone agrees on. So whether it's a fully immersive VR experience, augmented reality, or even Bitcoin or Ethereum in the physical world as a shared ledger for our 'real world,' we'll increasingly trust blockchains as our basis for reality.

The right way to think about the blockchain is that it's going to replace the entire Internet.

Blockchain technology isn't just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself.

A block chain is a series of blocks. Each block is a series of computations done by computers all over the world using serious cryptography in a way that's very hard to undo.

I do think the blockchain infrastructure is here to stay.

With the block chain, for the first time, we no longer need these central institutions for settlement or for guaranteeing the value of coins or for land titling. All of these functions can be replaced by a transparent public ledger that is safe from tampering and which can make value and ownership clear and open for everyone.

Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common infrastructure for database retention.

A distributed ledger is basically a shared database that allows institutions to directly send and receive money in a trustworthy fashion without a middleman. As a result, we have the capacity to connect the world's payment systems for the first time.That's a big deal.

Blockchain technologies will change transactions in a broad way.

The technical side of Ethereum's efficacy is 100% an engineering exercise.

The thing I think is often misunderstood about Ripple is people say, 'Oh, Ripple is a centralized platform.' To me, this is a legacy perspective. Ripple's technology, IRP, is open source; XRP Ledger is open source.

Blockchain is an innovative technology with the power to change society and is gaining the world's attention as a technology to enhance the competitiveness of the urban economy.