Timothy C. Draper Quotes

The Internet of Money, bitcoin, is releasing 50 yrs. of pent up innovation in finance, because it offers innovation without permission.

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.

Activists can improve their alternative media success by embracing alternative currencies like Bitcoin.

Bitcoin and digital currency is just this thing that was always going to happen.

After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal's original vision to create 'the new world currency.'

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

Our view is that consumer finance - what people think of as retail finance - that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.

We see bitcoin as potentially the greatest social network of all.

Once people see Bitcoin and how it works, they realise this isn't just a flash in the pan.

I'm motivated by the positive ways in which Bitcoin use being widespread will make the world a better place.

Bitcoin is a technological tour de force

Bitcoin, generally, is a great idea. Keeping wallets on smartphones is the worst idea of the decade

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

Bitcoin may be the TCP/IP of money.

Bitcoin is not currency; it's the internet of money!

Facebook is like the Internet: a large company and an application. Bitcoin is a protocol for decentralisation, so you could build a decentralised company on top of it, a stock market. It's an Internet of ownership, so it's not quite a direct comparison.

Like the Internet, Bitcoin will change the way people interact and do business around the world.

I think it's going to end up a lot like the Internet. Some countries try to regulate the Internet - bitcoin will be very much like that. It will be legal, and there will be some countries with currency control.

Bitcoin as an asset class is brilliant, as a means of payment, fantastic.

We believe existing currencies may move into becoming more of a crypto-currency.

It's really hard to argue that bitcoin doesn't have many legitimate benefits to companies that are legal businesses when you have Dell and Expedia and all these companies now accepting it.

As money, Bitcoin achieves two objectives; it's both a unit of transaction as well as being a store of value. The U.S. dollar, for example, is a unit of transaction, but it is not a store of value.

Through bitcoin, the Argentines are developing an economy which doesn't require the bankers.

By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.