Best quotes by Fred Ehrsam on Bitcoin

Checkout quotes by Fred Ehrsam on Bitcoin

• ‟ The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.

  - Fred Ehrsam
  

• ‟ Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.

  - Fred Ehrsam
  

• ‟ At the end of the day, what's going to make bitcoin successful is more people making more interesting things, just like the beginning of the Internet.

  - Fred Ehrsam
  

• ‟ There is nothing that Bitcoin can do which Ethereum can't. While Ethereum is less battle-tested, it is moving faster, has better leadership, and has more developer mindshare.

  - Fred Ehrsam
  

• ‟ Private funding was one of the first methods used when MIT funded Bitcoin core developers Gavin Andresen, Wladimir van der Laan, and Cory Fields in 2015.

  - Fred Ehrsam
  

• ‟ I think the whole narrative of blockchain without bitcoin will amount to very little.

  - Fred Ehrsam
  

• ‟ Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.

  - Fred Ehrsam
  

• ‟ Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.

  - Fred Ehrsam
  

• ‟ Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.

  - Fred Ehrsam
  

• ‟ Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer.

  - Fred Ehrsam
  

• ‟ When the actual Bitcoin network launched in 2009, no one knew about it, and many of those who did thought it would surely fail. Just to make sure the thing worked, the scripting language in Bitcoin was intentionally extremely restrictive.

  - Fred Ehrsam
  

• ‟ The scripting language in Bitcoin is important because it is what makes Bitcoin 'programmable money'. Within each Bitcoin transaction is the ability to write a little program.

  - Fred Ehrsam
  

• ‟ Bitcoin has a core technological innovation: The ability to publicly verify ownership, instantly transfer that ownership, and do so without the need for a trusted third party.

  - Fred Ehrsam
  

• ‟ The Internet will continue to be valuable so long as it is the most efficient mechanism for transferring data. Bitcoin's value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.

  - Fred Ehrsam
  

• ‟ When the Bitcoin white paper emerged in 2008, it was completely revolutionary. The amount of concepts that had to come together in just the right way - computer science, cryptography, and economic incentives - was astonishing.

  - Fred Ehrsam
  

• ‟ Make no mistake - Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency.

  - Fred Ehrsam