Best quotes by Erik Voorhees on Bitcoin

Checkout quotes by Erik Voorhees on Bitcoin

• ‟ Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out.

  - Erik Voorhees
  

• ‟ Bitcoin is two things which share a name. One, it's a payment system, and two, it's a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.

  - Erik Voorhees
  

• ‟ The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds.

  - Erik Voorhees
  

• ‟ The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.

  - Erik Voorhees
  

• ‟ The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.

  - Erik Voorhees
  

• ‟ In the longterm for Bitcoin, Gox needed to go away.

  - Erik Voorhees
  

• ‟ Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.

  - Erik Voorhees
  

• ‟ Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.

  - Erik Voorhees
  

• ‟ Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.

  - Erik Voorhees
  

• ‟ Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.

  - Erik Voorhees