--- title: "Meaning & Key Takeaway of: I describe Bitcoin as 'the Skype of money.'" description: "\"I describe Bitcoin as 'the Skype of money.'\" — Adam Draper" image: "https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg" --- # I describe Bitcoin as 'the Skype of money.' ![“I describe Bitcoin as 'the Skype of money.'” quote by Adam Draper](https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg) [Download](https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg) [Open image](https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg) > “I describe Bitcoin as 'the Skype of money.'” [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Bitcoin is likened to Skype, suggesting it enables instant, low‑cost, global money transfers like Skype did for voice communication. **In simple terms:** Bitcoin works like Skype for money. Key Takeaway Treat Bitcoin as a fast, borderless payment network. Themes finance technology disruption Mood optimistic innovative Type analytical visionary When to use this quote - online shopping - remittances - peer‑to‑peer payments - cross‑border business Key Concepts decentralization network effects digital currency Questions to Reflect On - How does Bitcoin compare to traditional banking? - What risks does a “Skype” model face? A Different Perspective Regulatory uncertainty can limit adoption. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Currency](https://sms4smile.com/quotes/about/currency/) [Describe](https://sms4smile.com/quotes/about/describe/) [Money](https://sms4smile.com/quotes/about/money/) [Skype](https://sms4smile.com/quotes/about/skype/) [Skype Money](https://sms4smile.com/quotes/about/skype-money-1814486/) ## Related quotes > [For Bitcoin, if it becomes a thing, it will become an enormous thing. It will be world-changing. But if it's nothing, it's nothing. 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And…](https://sms4smile.com/quotes/adam-draper/bitcoin-is-here-to-stay-there-would-be-a-hacker-uproar-to-anyone-who/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.](https://sms4smile.com/quotes/adam-draper/i-saw-bitcoin-as-an-actual-market-opportunity-as-a-trillion-dollar/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [People wanted Bitcoin to live so much, they basically willed it back into existence. That showed me how passionate this community was about it.](https://sms4smile.com/quotes/adam-draper/people-wanted-bitcoin-to-live-so-much-they-basically-willed-it-back/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [What's really happening is that every bank in the country is experimenting with the blockchain and experimenting with bitcoin to figure out where the…](https://sms4smile.com/quotes/adam-draper/what-s-really-happening-is-that-every-bank-in-the-country-is/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) ## More by Adam Draper > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [What's really happening is that every bank in the country is experimenting with the blockchain and experimenting with bitcoin to figure out where the…](https://sms4smile.com/quotes/adam-draper/what-s-really-happening-is-that-every-bank-in-the-country-is/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [People wanted Bitcoin to live so much, they basically willed it back into existence. That showed me how passionate this community was about it.](https://sms4smile.com/quotes/adam-draper/people-wanted-bitcoin-to-live-so-much-they-basically-willed-it-back/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Pave your own path and be fearless.](https://sms4smile.com/quotes/adam-draper/pave-your-own-path-and-be-fearless/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I think there will always be need of trusted voices in the investment community, but what the ICO markets are showing is that the…](https://sms4smile.com/quotes/adam-draper/i-think-there-will-always-be-need-of-trusted-voices-in-the-investment/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.](https://sms4smile.com/quotes/adam-draper/i-saw-bitcoin-as-an-actual-market-opportunity-as-a-trillion-dollar/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And…](https://sms4smile.com/quotes/adam-draper/bitcoin-is-here-to-stay-there-would-be-a-hacker-uproar-to-anyone-who/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Energy and bitcoin work really well together because you can pay out in micro-transaction units. As the energy gets used, they pay out, and…](https://sms4smile.com/quotes/adam-draper/energy-and-bitcoin-work-really-well-together-because-you-can-pay-out/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin.](https://sms4smile.com/quotes/adam-draper/if-money-was-being-invented-now-it-wouldn-t-be-designed-to-look-like/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I always believe that people can learn a broader skill set. You need good technology and solving a big problem. I always think that,…](https://sms4smile.com/quotes/adam-draper/i-always-believe-that-people-can-learn-a-broader-skill-set-you-need/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [In the future, when people look back at the early days of Bitcoin, they'll say, 'It was so obvious that the ability to move…](https://sms4smile.com/quotes/adam-draper/in-the-future-when-people-look-back-at-the-early-days-of-bitcoin-they/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [For Bitcoin, if it becomes a thing, it will become an enormous thing. It will be world-changing. But if it's nothing, it's nothing. There…](https://sms4smile.com/quotes/adam-draper/for-bitcoin-if-it-becomes-a-thing-it-will-become-an-enormous-thing-it/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.](https://sms4smile.com/quotes/adam-draper/the-blockchain-does-one-thing-it-replaces-third-party-trust-with/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a…](https://sms4smile.com/quotes/adam-draper/most-people-hoard-their-money-just-keep-it-in-the-bank-bitcoin-will/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I believe that Bitcoin is going to change the way that everything works. I want entrepreneurs to tell me how its going to change.…](https://sms4smile.com/quotes/adam-draper/i-believe-that-bitcoin-is-going-to-change-the-way-that-everything/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) [Explore all 30 Adam Draper quotes ](https://sms4smile.com/quotes/author/adam-draper/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I describe Bitcoin as 'the Skype of money.'", "creator": { "@type": "Person", "name": "Adam Draper" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/adam-draper/i-describe-bitcoin-as-the-skype-of-money/", "about": { "@type": "Thing", "name": "Bitcoin" }, "@id": "https://sms4smile.com/quotes/adam-draper/i-describe-bitcoin-as-the-skype-of-money/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg", "url": "https://sms4smile.com/quotes/i/f09/adam-draper-20999_bitcoin_i-describe-bitcoin-as-the-skype-of-money_1775305.jpg", "width": 1080, "height": 1080, "caption": "“I describe Bitcoin as 'the Skype of money.'” — Adam Draper", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Adam Draper", "item": "https://sms4smile.com/quotes/author/adam-draper/" }, { "@type": "ListItem", "position": 4, "name": "I describe Bitcoin as 'the Skype...", "item": "https://sms4smile.com/quotes/adam-draper/i-describe-bitcoin-as-the-skype-of-money/" } ], "@id": "https://sms4smile.com/quotes/adam-draper/i-describe-bitcoin-as-the-skype-of-money/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```