Category - Patrick M Byrne

Discover the thoughtful Quotes of Patrick M Byrne, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Patrick M Byrne
Whether seeking thought-provoking reflections or academic wisdom, Patrick M Byrnes words offer a rich source of intellectual inspiration. #PatrickMByrne Patrick M Byrne

Patrick M Byrne

We are on a crazy strategy with our central bank. It’s good to have alternative ecosystems. It’s not that the dollar will go away, but we need other options if it crashes or wildly inflates.

– Patrick M Byrne

Patrick M Byrne

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

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

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

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

Patrick M Byrne

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

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

Patrick M Byrne

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

Patrick M Byrne

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

– Patrick M Byrne

Patrick M Byrne

For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it’s through the technology that underlies bitcoin. It’s called the block chain.

– Patrick M Byrne

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

Patrick M Byrne

When we look at government in Washington or what’s happening on Wall Street, we see so much centralization. But really, our goals should be to eliminate and overcome these central institutions. And in recent years we have gained powerful new tools to do this, and most significant among those is the block chain, which is the software behind Bitcoin.

– Patrick M Byrne

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