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Bitcoin Quotes

„I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.“
Satoschi Nakamoto Oct 31, 2008

“Every day that goes by and Bitcoin hasn’t collapsed due to legal or technical problems, that brings new information to the market. It increases the chances of Bitcoin’s eventual success and justifies a higher price.” Hal Finney

Paper Money eventually returns to its intrinsic value – zero. (Voltaire, 1694 – 1778)

“What I needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party”. Satoschi Nakamoto

Federal Reserve notes are not redeemable in Gold, silver or any other commodity, and receive no backing by anything.“ U.S. Dept. of the Treasury 

„Fractional reserve banking entails the creation of new money that is fungible with already pre-existing money … This is impossible with Bitcoin. The Bitcoin Central Bank enforces the strictest deposit regulations in the world by requiring full reserves for all accounts“ Pierre Rochard ‚The Bitcoin Central Bank‘s Perfect Monetary Policy‘ (2013)

Bitcoin is a purpose build money for the digital age- permissionless, open-source and global. Anil ‚FEW UNDERSTAND: A Visual Guide to Bitcoin‘s Rise‘

„Bitcoin, the separation of money and state”

“The More Laws, The Less Justice.” Marcus Tullius Cicero 

“The greatest danger to the state is independent intellectual criticism” Murray Rothbard

“It’s actually an incredible time […] This technology has empowered everybody. And it’s giving people, you know, it’s as big as you wanna make it and, you know, it’s as far as you take it. And we can quote a gang of things going on in the world right now, – Or just, you know, accept it as being true. But, you know, it’s like, man, giants gon’ crumble
Big-big companies gon’ crumble. New companies gon’ pop up outta nowhere and it’s-it’s gon’ be dramatic – and I believe that” Ermias ‘Nipsey Hussle” Asghedom. Song: “That’s How I Knew” .

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” F.A. Hayek 1984

“Money is, and always has been, technology.” Michael Saylor

“Bitcoin is the first example of a new form of life. It lives and breathes on the Internet. It lives because it can pay people to keep it alive. It can’t be changed. It can’t be argued with. It can’t be tampered with. It can’t be corrupted. It can’t be stopped. If nuclear war would destroy half of our planet, it would continue to live, uncorrupted.”
Ralph Merkle

A counter-force has emerged, to save humanity from itself, possibly just in time. I believe that force is bitcoin. John Vallis

Money is the best idea we’ve ever had, for without it, all the other marvelous ideas generated by markets would not exist. As the most tradable thing, money is the highest instantiation of our meta-idea, offering us unbridled optionality in market exchange. As a technology, free-market-selected money maximizes both human freedom and cooperation. Robert Breedlove

Bitcoin has a way of humbling everyone who gets involved with it. Some of us learn that earlier on, others decide to try and outsmart the market through the application of intellectual felatio and the drinking of convoluted mental Kool-Aid. ALEKSANDAR SVETSKI

True wealth is abundance of free time. Misir Mahmudov (This Book Will Save You Time).

Money is Human Time in tradable Form. Misir Mahmudov (This Book Will Save You Time).

Sound Money can’t be double spend. Bitcoin is honest. As a result of that, you have to make choices and you have to live with the consequence of those choices. You have to evolve as a person in that regard. C.J Wilson

‘Like the revelation that the earth revolves around the sun, the discovery of a digital, sound money system in Bitcoin is a scientific revolution. Denying Bitcoin is the same as believing that the Earth is still the center of the heavens. Perhaps, in 20 years, we can look back on this time and see that we have awakened from the monetary Dark Ages and can now build the world again under a sound money standard, the Bitcoin standard (Bitcoin Graffiti, 2022. “Bitcoin: The Ignition Of A Scientific Revolution”).

“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.
“Ideologically it belongs in the same class with political constitutions and bills of rights. The demand for constitutional guarantees and bills of rights was a reaction against arbitrary rule and the nonobservance of old customs by kings. The postulate of sound money was first brought up as a response to the princely practice of debasing the coinage. . .“Thus the sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.” Ludwig von Mises, The Theory of Money and Credit, 1912

“Real power of the Internet comes from net neutrality. The Internet does not discriminate based on source, destination or context. Bitcoin is the first financial network that exhibits neutrality. In a bitcoin transaction the network does not care about the source, the destination, the amount or what type of financial application it is supporting. The only relevant question ask is: did you pay a sufficient fee to use the networks resources? “
A. Antonopolous “The Internet of Money”

“We now have an asset class that has a fixed supply and the issuance of that is known. It was known when the asset was issued first. The monetary policy is set and protected by a distributed network. There is no central point of failure in this asset. It is open, global, permissionless.”  Jack Mallers, CEO of Strike.

Bitcoin’s appeal comes from the fact that it’s monetary policy is incorruptible and unalterable. There are no favorites to be given, no leaders to bribe and no bailouts to issue. Anil ‚FEW UNDERSTAND: A Visual Guide to Bitcoin‘s Rise‘

“Bitcoin is a human right—to me, this means humans have a right to use bitcoin because it is an open monetary network, much like the internet is an open information network.” Nik Bhatia

“The first step to understanding Bitcoin is to admit you do not understand Bitcoin.” Jameson Lopp

It is not the task of economic calculation to expand man’s information about future conditions. Its task is to adjust his actions as well as possible to his present opinion concerning want-satisfaction in the future. For this purpose acting man needs a method of computation, and computation requires a common denominator to which all items entered are to be referable. The common denominator of economic calculation is money. Ludwig von Mises

“I think the epiphany comes when you realize that bitcoin is the dominant digital property network, and digital property is better than physical property in every way conceivable. If I theoretically designed digital property to store a billion dollars, I would want to hold it in the palm of my hand, move it at the speed of light, vibrate it one thousand times per second. I want it to last forever. I want immortal, indestructible, infinite, all powerful, programmable energy.”—Michael Saylor, founder and CEO of MicroStrategy 

“Money is one of the primary measures of value in any society, perhaps the primary one, the principal repository of value. As such, money is a central source of stability, continuity, and coherence in any community. Hence to tamper with the basic money supply is to tamper with a community’s sense of value. By making money worthless, inflation threatens to undermine and dissolve all sense of value in a society”. Paul A. Cantor (Hyperinflation and Hyperreality: Thomas Mann in Light of Austrian Economics)

“Only two things are generally scarce: time & Bitcoin”
Saifedean Ammous

“Bitcoin inherited some neat features from gold, like scarcity, but it introduced a new dimension” (@candlehater)

“The day-to-day price movement of a single bitcoin is merely noise. It doesn’t matter what price you buy at. Using PlanB’s “Stock-to-Flow” model, we are steadily on our way to $1,000,000 per coin. Worrying about where we are trading right now is like worrying about Amazon or Apple’s share price in the late 2000s. We’re just getting started.” (P. Opoku)

If it doesn’t make sats, it doesn’t make sense. Uknown

 “I am more convinced than ever that if we ever again are going to have a decent money, it will not come from government: it will be issued by private enterprise, because providing the public with good money which it can trust and use can not only be an extremely profitable business; it imposes on the issuer a discipline to which the government has never been and cannot be subject. It is a business which competing enterprise can maintain only if it gives the public as good a money as anybody else.” Friedrich Hayek

“The right to life is the source of all rights – and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.” Ayn Rand

“A Credit System that grows beyond sight and which is yet a safe debt for the present requirements-constitutes a dangerous money power. To forbid this credit system must be a preliminary article of perpetual peace all the more because it must eventually entangle many innocent states in the inevitable bankruptcy and openly harm themselves against such a state and its measures” Towards Perpetual Peace, Immanuel Kant (1795).

“Institutional structures are legitimate insofar as they enhance the opportunity to freely inquire and create, out of inner need; otherwise, they are not.” – Noam Chomsky, On Anarchism

“Bitcoin is for everyone, but the brave, optimistic, and forward thinking people who see the future are the ones adopting Bitcoin and sharing this important message” David Bailey, CEO Bitcoin Magazine.

“There are two ways to enslave a nation. One is by the sword, the other is by debt.” John Adams

Bitcoin is the currency of resistance – Max Keiser

Civilization develops by increasing the number of important operations that we can perform without thinking about them. (Alfred North Whitehead).

“For the same reasons the failing Soviet Union tried in vain to suppress access to personal computers and Xerox machines, Western governments will seek to suppress the digital economy through totalitarian means.” The Sovereign Individual

“Bitcoin is the world’s best treasury reserve asset, the emerging dominant monetary network, and the solution to the store of value problem faced by 7.5 billion people & $300 trillion in capital. At this point, it is all but unstoppable.”
Michael Saylor (Founder & CEO of MicroStrategy)

Crypto is about the Cantillion Effect. The Fiat Standard: The Fed owns the Cantillon Effect (the rich get richer). The Bitcoin Standard: The people own the Cantillon Effect (the early adopter gets richer). Willy Woo

Bitcoin is anarchy — without rulers, but not without rules. The rules are defined and enforced by individual participants on the network. Jameson Lopp

“If we can agree that the economic problem of society is mainly one of rapid adaptation to changes in the particular circumstances of time and place, it would seem to follow that the ultimate decisions must be left to the people who are familiar with these circumstances, who know directly of the relevant changes and of the resources immediately available to meet them. We cannot expect that this problem will be solved by first communicating all this knowledge to a central board which, after integrating all knowledge, issues its orders. We must solve it by some form of decentralization.” Friedrich Hayek ‘The Use of Knowledge in Society’

Bitcoin is an internet computer that is spread out across thousands of individual computer around the globe. It is a transaction processing system that runs without a physical location, that processes transactions. Out of that transaction processing comes the ability to exchange money, which is Bitcoin. A representation of the value of the underlying system. It is a complete transaction processing system. A new kind of financial system. (Uknown)

The closest thing to immortality is bitcoin, you might not live forever, but your money is. Michael Saylor

“In fact, future generations will look back on use today and wonder how, in the name of all that is sane, did we believe the measuring our wealth in a currency or money issued by some overload, that devalued over time, ever made sense. It’s antithetical to the notion of progress and freedom” (A. Svetski).

Over time, people will switch from a fundamentally inferior currency, that is fiat money, to a superior one: bitcoin. This will be accompanied by a rapid improvement in productivity and wealth. Krawisz, D.

“Information technology makes possible a dramatic extension of markets by altering the way that private property rights are created and protected.” The Sovereign Individual

The opportunity cost of everything is Bitcoin, information is free and abundant. Dylan Leclair

“Bitcoin will change us, more than we will change it.”
Marty Bent

“Fiat Money is immoral, because it distributes value without consent. This leads to inflation, which steals our time and the time of future generations. It devalues everything communities and individuals have worked for and incentives bad spending habits.” Thank God for Bitcoin: The Creation, Corruption and

“The philosophy behind Bitcoin isn’t necessarily anarchism in any particular form, even if many anarchists align with Bitcoin, the philosophy is simply to make money independent of human control, because the system of money can be made independent of human control in the presence of strong cryptography and the proof of work signalling mechanism.”
Adam Gibson

“Money is one of the primary measures of value in any society, perhaps the primary one, the principal repository of value. As such, money is a central source of stability, continuity, and coherence in any community. Hence to tamper with the basic money supply is to tamper with a community’s sense of value. By making money worthless, inflation threatens to undermine and dissolve all sense of value in a society”. Paul A. Cantor (Hyperinflation and Hyperreality: Thomas Mann in Light of Austrian Economics)

You don’t change Bitcoin, Bitcoin changes you. Max Keiser

“The happiness of those who want to be popular depends on others; the happiness of those who seek pleasure fluctuates with moods outside their control; but the happiness of the wise grows of their own free acts.”
Marcus Aurelius

“Distributed Ledger Technology can serve as the technological platform to drive societal change for the good, by the means of the decentralisation of centralised power structures that have failed society.”
Peter McCormack (What Bitcoin Did Episode with Eric Weinstein)

Bitcoin is Land : In the end-state the quantity of Bitcoin will be fixed, just like land. Bitcoin is not perfectly fungible and neither is land. Bitcoin is not “consumed” through use – just transformed and transferred. This is similar to land and dissimilar to many commodities, which are consumed (or at least degraded) through use.
Richard Gendal Brown

“Bitcoin taught me that I know very little about almost anything, it taught me, that this rabbit hole is bottomless”

I know of people that see the price of bitcoin and think to themselves, “Damn, I missed it. I’m late.” Because of this, they are drawn to the lower priced coins, the altcoins, that will ultimately have no value in the long run. They think the coins that are trading for less than a dollar are somehow going to become the “next bitcoin.” The issue here is that there is no “next bitcoin.” Bitcoin was, and is, a historic accident, kind of like the discovery of fire by our ancestors.” (P. Opoku).

In the game of money, the objective has always been to hold the most relatively scarce monetary metal (gold); now, the goal is to occupy the most territory on the absolutely scarce monetary network called Bitcoin. Robert Breedlove

Bitcoin‘s fixed supply eliminates the threat of the Cantillon Effect by providing holders certainty that their share of the total supply cannot be diluted (Anil, 2021 ‚FEW UNDERSTAND: A Visual Guide to Bitcoin‘s Rise‘).

Viewing Bitcoin through the lens of time should make clear that the “block chain” — the data struc­ture that causally links multiple events together — is not the main innova­tion. It is not even a new idea, as is evident by studying the timestamp liter­a­ture of the past. A blockchain is a chain of blocks. Peter Todd

Ethereum wanted to be a global computer. It created security through control, like our existing system. (Pomp)

If you build a HODL, you need to become responsible. Ugly Old Goat

Bitcoin is among the greatest inventions of all times, with fire, the wheel, the steam engine, and the internet. Chris Hunter at the Adopting Bitcoin Conference in El Salvador

The human condition is elevated by the channeling of energy and every great advance in human history was a new form of energy. Either metallic energy in the form of steal, electrical energy or chemical energy and Bitcoin is the next evolution of that. It is critical for the advancement of the human race. For the first time in history you can take energy, transform it into something in cyberspace, store it forever, move it at the speed of light, program it and eliminate the friction that is applied to that energy when it takes another form. Economically, energy is capital and Bitcoin is the digital transformation of capital. Michael Saylor

Bitcoin is the potential to create a fairer society, with a more just distribution of wealth.

“Because bitcoin is Software, mathematics & speech. Its use should be considered a human right. Bitcoin embodies freedom of currency denomination. Because it gives people the ability to denominate their earnings in savings, away from government association. People should have the right to decide, how the fruit of their labors are measured. In the Future, the currency you use, will not reflect your birthplace, but your preferences. Bitcoin means freedom of transaction, Bitcoin means freedom of currency denomination.” (Unknown Source).

“There is no entity that represents “a bitcoin”. The existence of a bitcoin is defined by looking at the set of unspent transaction outputs and calling every entry with 100.000.000 base units “one bitcoin”. There are no bitcoin, there are ledger entry’s in a distributed ledger. What you do own, is the access to your ledger entry. Your private key, your seed phrase.” (Gigi – “21 Lessons I learnt from Falling down the Bitcoin rabbit hole”)

In other words, the diffi­culty-adjust­ment is about keeping a constant time, not a constant level of security, diffi­culty, or energy expen­di­ture. This is ingenious because good money has to be costly in time, not energy. Linking money to energy alone is not suffi­cient to produce absolute scarcity since every improve­ment in energy gener­a­tion would allow us to create more money. Time is the only thing we will never be able to make more of. It is The Ultimate Resource, as Julian Simon points out. This makes Bitcoin the ultimate form of money because its issuance is directly linked to the ultimate resource of our universe: time. (Gigi)

bitcoin is a form of truth in a digital world fraught with uncertainty. Nik Bhatia

What if Bitcoin is the Philosopher’s Stone pursued by alchemists for centuries ? John Vallis

Bitcoin is a neutral technology. It doesn’t react to politics. The network simply executed software code. Anthony Pompliano, 2022.

Although we can transact in the physical world without an intermediary using cash, this was not possible in the digital realm until the invention of bitcoin (Kuiper, C. Neureuter J., 2022).

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford.

Bitcoin issues bitcoin to secure itself. The network brings sats into existence, and it is the value of these sats that secures the network in turn. Gigi

If there is no matter in cyberspace, nothing matters. Michael Saylor

Bitcoin is matter and energy in cyberspace. Michael Saylor

„Bitcoin mining will be the most profitable use of energy in human history, that does not need to be located close to human settlement. Once the mining is built, the human settlement will follow” – Ross Stevens.

“One of the greatest thing that Satoschi did, was to disappear”
Jimmy Song

Thank you for taking the time to read though this piece, if you have any questions, thoughts or advice, please reach out.
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