Vitalik Buterin Quotes

While it may seem scarier in the earlier days, I think ultimately the blockchain creates a safer world.

The blockchain is a distributed network that solves all the problems that we have of finance, but more broadly, it's like a philosophy. It's a way of life.

Blockchain is really exciting technology because it's actually providing both transparency but also agility in a contractual relationship that any organization should have.

Blockchain's a very interesting technology that will have some very profound applications for society over the years to come.

I do think the blockchain infrastructure is here to stay.

Some of the uses being implemented for blockchain could actually work better with a database.

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.

I do think that overall blockchains are likely to be a much more powerful force for good than evil.

I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.

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.

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.

Gradually, decentralized trust will be accepted as a new and effective trust model. We have seen this evolution of understanding before - on the Internet.

We don't think the blockchain can do most of what's been ascribed to it. But we're entering the Internet of value - and that is very much underhyped.

The blockchain is going to change everything more than the Internet has.

Blockchain technologies will change transactions in a broad way.

There is absolutely no reason in the world of blockchain to build in net settlement. It's like saying you have got a new Ferrari and we are going to put a lawnmower engine in it.

The revolution of blockchain is not going to happen from outside the system; it's going to happen from within the system.

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.

This is where the block chain is most useful and revolutionary: It helps us to overcome the problem of mutual trust in exchange, which will, in turn, make many of our modern central institutions unnecessary.

The bitcoin/blockchain protocol has never been compromised. Businesses building applications on top of it run the risk of making mistakes.

Just as the web democratized publishing and development, Bitcoin can democratize building new financial services. Contracts can be entered into, verified, and enforced completely electronically, using any third-party that you care to trust, or by the code itself.

I love this stuff - bitcoin, ethereum, blockchain technology - and what the future holds.

Pretty uniformly, people want the benefits of bitcoin and the blockchain - near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.

People didn't know where they could trade. When everybody owes each other IOUs that can be in multiple places at once, that's how the system couldn't tell any more who owned what and who owed what to whom. Blockchain could have prevented 2008.