50. “Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!”
–Trace Mayer J.D., a Leading Monetary Expert on Bitcoin and Gold
51. More companies will pay freelancers with crypto, which will lead to calls for tax reform. There will need to be greater regressive sales taxes, which will ultimately require government cuts and eventually less power for national governments. This is a long-term prediction.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
52. “You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”
–John McAfee, Founder of McAfee
53. “It’s money 2.0, a huge huge huge deal.”
–Chamath Palihapitiya, Previous head of AOL instant messenger
54. “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
55. Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook.
–Marc Andreessen, an American entrepreneur, investor, and software engineer. He is the co-author of Mosaic, the first widely used Web browser; co-founder of Netscape; and co-founder and general partner of Silicon Valley venture capital firm Andreessen Horowitz
56. “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
57. “Bitcoin may be the TCP/IP of money.”
–Paul Buchheit, Creator of Gmail
58. “I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it’s derided as a toy. Just like microcomputers.”
–Paul Graham, Creator of Yahoo Store
59. “I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.”
–David Marcus, CEO of Paypal
