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All Quotes with the tag - Blockchain
" 2016 has proven to be the year where the most forward-thinking financial institutions are actually using blockchain technologies for payments and settlement rather than as an experiment. "
" Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under development. "
" As I was looking around, to me, what was happening in the blockchain and crypto world was a movement. "
" Before I went to prison, there were not really many blockchain products. It was only bitcoin. "
" Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects. "
" Bitcoin is just one example of something that uses a blockchain. "
" Bitcoin was created with security in mind. The Blockchain is Bitcoin's public ledger that records every transaction in the Bitcoin economy. "
" Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value. "
" Blockchain infiltration will be met with resistance because it is an extreme change. "
" Blockchain is like the new big data or AI - too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists! "
" Blockchains are digital organisms. As organisms evolve through changes in their DNA, blockchain protocols evolve through changes in their code. And like biological organisms, the most adaptive blockchains will be the ones that survive and thrive. "
" Blockchain software companies may end up being amalgamated into existing software giants, at which point blockchain patents will just become part of the existing patent war. "
" Blockchain technologies will change transactions in a broad way. "
" Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common infrastructure for database retention. "
" Everything will be tokenized and connected by a blockchain one day. "
" Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor as sound policy. Such an interpretation would set a precedent that would surely cause real harm to the public, to the blockchain ecosystem, and to the financial services industry as a whole. "
" Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator's dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries. "
" How do we create new value? You create value by running services on the blockchain. "
" I love this stuff - bitcoin, ethereum, blockchain technology - and what the future holds. "
" I'm not wed to bitcoin's blockchain. I'm blockchain-agnostic. "
Patrick M. Byrne
" In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches. "
" It doesn't always make sense to have a token on the blockchain that is both useful and represents ownership - it has to be something where there's a network effect. That's why I cite Facebook as an example of what could be disrupted more so than, say, Amazon - which is bit more centralized and is not exactly a network of users in the same way. "
" I think the whole narrative of blockchain without bitcoin will amount to very little. "
" 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
" Just because you call something a blockchain or an ICO, that doesn't mean you aren't subject to normal laws. "
" Just like paying a toll to use a freeway, the token can be the pay-per-use rail for getting on the blockchain infrastructure or for using the product. This also ensures that users have skin in the game. "
" Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services are delivered. "
" Most blockchain platforms don't share that much in common, resulting in choice lock-ins, lack of interoperability, and potentially dead-ends that are hard to untangle. "
" 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
" Over the next decade, there will be disruption as significant as the Internet was for publishing, where blockchain is going to disrupt dozens of industries, one being capital markets and Wall Street. "
Patrick M. Byrne
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