90. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
— Tyler Winklevoss, who is best known for suing Facebook founder Mark Zuckerberg in 2008 over the claim that he stole the idea for the social network from him and his brother
91. “There ought to be a hard look at the policy of anonymous currencies, because the ability to track information of money flowing is one we use seriously against terrorism and as [a tool] against improper, illegal behavior,”
— Brian Moynihan, Bank of America CEO
92. The Bitcoin ledger is a new kind of payment system. Anyone in the world can pay anyone else in the world any amount of value of Bitcoin by simply transferring ownership of the corresponding slot in the ledger. Put value in, transfer it, the recipient gets value out, no authorization required, and in many cases, no fees.
–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
93. This is going to be the largest bubble of our lifetimes,” Novogratz said. “Prices are going to get way ahead of where they should be. You can make a whole lot of money on the way up, and we plan on it.”
–Mike Novogratz, hedge fund manager, Galaxy Digital Assets
94. “The NFL cartel could be disrupted and I see a group forming that will launch a new league where athletes and fans who create most of the commercial value have equity ownership tokens. The new blockchain leagues could just OTT games”
–Jamarlin Martin, Founder and CEO of Nubai Ventures, investor and digital media entrepreneur
95. “Bitcoin is a monopoly run by a protocol, not by a managing organization. Familiar monopolies are run by managing organizations with discretion to determine and then change prices, offerings and rules. Monopolies are often regulated to prevent or at least mitigate their abuse of power,”
–Bank of Finland
96. “Digital currencies pose new risks to central banks, including their control of money supply and price stability, and the transmission of monetary policy, Cetinkaya said. Even so, the Turkish central banker said that digital currencies may be an important element for a cashless economy, and the technologies used can help speed up and make payment systems more efficient,”
Murat Çetinkaya is the current Governor of the Central Bank of the Republic of Turkey
97. “From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble,”
–Tidjane Thiam, Credit Suisse Group AG Chief Executive Officer
98. “I get often asked why I‘m so skeptical about bitcoin, it probably comes from my background as a central banker,” Weber said at a conference organized by the Swiss Finance Institute.
— Axel Weber, UBS Chairman and former Bundesbank President
99. Bitcoin could still have a useful future as a specialist means of exchange for internet transactions. However, no one is currently using it for that purpose. Instead it has become a vehicle purely for momentum-based speculation. But with no intrinsic value to support prices, and with alternative cryptocurrencies springing up by the hundred and threatening to negate the very scarcity that is touted as bitcoin’s chief virtue, the bubble that last week propelled the price of bitcoins to a record high is clearly unsustainable. At some point it must burst. Today the combined value of all the 16.7 million bitcoins in existence is US$160 billion, with the total capitalisation of the cryptocurrency universe some US$287 billion. Tomorrow it could be zero.
–Tom Holland, a former SCMP staffer, who has been writing about Asian affairs for more than 20 years
100. As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.
–Satoshi Nakamoto, Founder of Bitcoin
101. Amsterdam 1636. Cash-settled futures markets in tulip bulbs start. Prices soar. Amsterdam February 1637. Tulip bubble bursts #beenherebefore
–Paul Donovan, UBS economist
102. If we had not shut down bitcoin exchanges and cracked down on ICOs several months ago, if China still accounted for more than 80% of the world’s bitcoin trading and ICO fundraising, everyone, what would happen today? Thinking of this question makes me scared.
–Pan Gongsheng, a deputy governor of the People’s Bank of China
103. “Everyone Should be investing in Crypto”
–Dr. Boyce Watkins, Founder and CEO of Watkins Enterprises, former professor of finance at Syracuse University
104. I’ll say $1 million by 2020, as well, easily, “There’s 15 million millionaires around the world. All their financial advisors are going to say, ‘Hey, buy a bitcoin. You need some exposure.'”
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
