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 Copy Share Image
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… — Patrick M. Byrne Copy Share Image
I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I… — Patrick M. Byrne Copy Share Image
This is where the block chain is most useful and revolutionary: It helps us to overcome the problem of mutual trust in exchange, which… — Patrick M. Byrne Copy Share Image
There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too. — Patrick M. Byrne Copy Share Image
People didn't know where they could trade. When everybody owes each other IOUs that can be in multiple places at once, that's how the… — Patrick M. Byrne Copy Share Image
I've been all over meeting government ministers and such in Caribbean financial circles. There's a small blockchain movement in the Caribbean. They've been quite… — Patrick M. Byrne Copy Share Image
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… — Patrick M. Byrne Copy Share Image
How high can bitcoin go? The real question is how low can the dollar go? — Patrick M. Byrne Copy Share Image
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… — Patrick M. Byrne Copy Share Image
The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street. — Patrick M. Byrne Copy Share Image
The virtues of the blockchain is that it would be that it's peer-to-peer settlement - no centralized settlement, no manipulation... And most importantly, there's… — Patrick M. Byrne Copy Share Image
We want enough people adopting Bitcoin for a robust infrastructure. It's an act of patriotism. It gives the country a robust parallel system. — Patrick M. Byrne Copy Share Image
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… — Patrick M. Byrne Copy Share Image
