Immutable Record Quotes

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

Bitcoin is a currency, bitcoin is a network, bitcoin is a technology and you can't separate these things. A consensus network that bases its value on the currency does not work without the currency.

The blockchain is to money what SMTP is to email. It's an open way to move value around. Every existing player in this space - not just Venmo but also Google and Facebook and others - are all closed; they all want to work just within their own walled garden.

I'm most excited about all of the non-currency uses of the block chain's ledger-ordering ability. I have no idea which ones will turn out to be successful, but I'm glad all of that experimenting is happening.

If you think about any multiparty process where shared information is necessary to the completion of transactions, and the coordination of activity and the exchange of value, that's where blockchain technology can be put to good use.

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

A letter is paradoxically the most revealing and the most deceptive of confessional revelations. We all have our inconsistencies, prejudices, irrationalities which, although strongly felt at the time, may be transitory. A letter captures the mood of the moment. The transitory becomes immutably fixed, part of the evidence for the prosecution or the defence.

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

The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates.

On the blockchain, you have a public ledger, which is the form of ownership. That means you are not doing net settlement - just netting everything down, which means that everything has been turned into fungible numbers.

The transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.