There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too. Patrick M. Byrne Read Quote
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. Patrick M. Byrne Read Quote
If we get to a world of digital securities, then there isn’t a need for DTC and Cede & Co. anymore. It’s a really huge step in returning to clean capital markets. Patrick M. Byrne Read Quote
Cryptocurrencies in general give us a stable medium through which we can communicate our information about values and prices in a way that no government mandarin can distort or usurp. For the predators who have used our central institutions to predate on the rest of humanity, it’s a very bad development. Patrick M. Byrne Read Quote
You’re going to start seeing open-source, self-executing contracts gradually improve over time. What the Internet did to publishing, blockchain will do to about 160 different industries. It’s crazy. Patrick M. Byrne Read Quote
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. Patrick M. Byrne Read Quote
A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked. Patrick M. Byrne Read Quote
There is an opportunity to recreate the financial world as we know it in the parallel universe that is the blockchain. We are writing rules for this whole new universe. Patrick M. Byrne Read Quote
