The LUDUM team spent the last couple of nights poring over hundreds of famous and smart-thinking quotes on blockchain. Below is a collection of our 15 favorites.

Let us know which ones resonate with you the most, and feel free to counter any you disagree with. There are infinite views on what could happen in the future, here are fifteen famous ones for our “crypto-hodlers” in bad times to give them strength.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts

Satoshi Nakamoto, Founder of Bitcoin

”Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too. Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.”

Richard Branson, Founder of Virgin Galactic, and 400+ businesses

“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”

Peter Thiel, Co-Founder of PayPal

“The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.”
Arnon Grunberg, Writer

“It’s gold for nerds.”
–Stephen Colbert, Comedian, April 17, 2013

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
Tyler Winklevoss, Co-creator of Facebook

“There are 3 eras of currency: Commodity based, politically based, and now, math based.”
Chris Dixon, Co-founder of Hunch now owned by eBay, Co-founder of SiteAdvisor now owned by McAfee

“Trusted third parties are security holes.”
Nick Szabo (inventor of Bit gold, a precursor to Bitcoin)

“Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.”
Jacob Appelbaum (activist and core member of the Tor project)

“The biggest opportunity set we can think of over the next decade.”
Bob Grifeld, CEO NASDAQ

“Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.”– Ginni Rometty, CEO IBM

“Online identity and reputation will be decentralized. We will own the data that belongs to us.”
William Mougayar, author The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology

“The bitcoin transaction script language, called Script, is a Forth-like reverse-polish notation stack-based execution language. If that sounds like gibberish, you probably haven’t studied 1960s programming languages, but that’s ok.”
Andreas M. Antonopoulos, Mastering Bitcoin: Programming the Open Blockchain

“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off”
Julian Assange, Founder of Wikileaks

 

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