Patrick M. Byrne Zitate auf Englisch

Zitat des Tages von Patrick M. Byrne:

Right now, you've got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you've reunited the trade with the settlement. They're not two separate processes.

Right now, you've got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you've reunited the trade with the settlement. They're not two separate processes.

Patrick M. Byrne

We want a money that some government mandarin can't just whisk into existence with a pen stroke.

Patrick M. Byrne

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.

Patrick M. Byrne

The virtues of the blockchain is that it would be that it's peer-to-peer settlement - no centralized settlement, no manipulation... And most importantly, there's nothing to capture. It's consensus based. It's stateless.

Patrick M. Byrne

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.

Patrick M. Byrne

I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I win it, someone else wins it.

Patrick M. Byrne

We know that flat and non-hierarchical systems use information best. I've tried to do that with my own company because it works better that way. And society at large will work better as well if we can get rid of these old institutions and hierarchies. New innovations like the block chain can make this possible.

Patrick M. Byrne

Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.

Patrick M. Byrne

The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.

Patrick M. Byrne

There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system - it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system.

Patrick M. Byrne

How high can bitcoin go? The real question is how low can the dollar go?

Patrick M. Byrne

I've been in a room in Silicon Valley where on the wall they have 160 industries they think blockchain can disrupt. We picked six of them to focus on.

Patrick M. Byrne

t0 is blockchain-agnostic so, ultimately, we can use anybody's blockchain.

Patrick M. Byrne

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

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

A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked.

Patrick M. Byrne