Patrick M. Byrne Quotes

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

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

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.

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.

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.

When we look at government in Washington or what's happening on Wall Street, we see so much centralization. But really, our goals should be to eliminate and overcome these central institutions. And in recent years we have gained powerful new tools to do this, and most significant among those is the block chain, which is the software behind Bitcoin.

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.

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.

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.

For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it's through the technology that underlies bitcoin. It's called the block chain.

You look at Bitcoin, and it is an entirely new currency, completely decentralized, anonymous; transactions occur incredibly fast for free, all designed by the free market.

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

Everything will be tokenized and connected by a blockchain one day.

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

With Bitcoin, no one has a monopoly of information.

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

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

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?

Think of Bitcoin as a bank account in the cloud, and it's completely decentralized: not the Swiss government, not the American government. It's all the participants in the network enforcing.

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.

Digital Asset has a revolutionary technology platform that eliminates the counterparty risk and lack of transparency that has hindered mainstream adoption of cryptographic technology.

Distributed ledger technology is fashionable. In fact, if you could wear it, you'd put Ralph Lauren out of business, at least in my case.

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.