--- title: "Meaning & Key Takeaway of: I have no problem with the financial…" description: "\"I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful ..." image: "https://sms4smile.com/quotes/i/607/erik-voorhees-22378_blockchain_i-have-no-problem-with-the-financial-ind_2062541.jpg" --- # I have no problem with the financial industry inviting the… ![“I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.” quote by Erik Voorhees](https://sms4smile.com/quotes/i/607/erik-voorhees-22378_blockchain_i-have-no-problem-with-the-financial-ind_2062541.jpg) [Download](https://sms4smile.com/quotes/i/607/erik-voorhees-22378_blockchain_i-have-no-problem-with-the-financial-ind_2062541.jpg) [Open image](https://sms4smile.com/quotes/i/607/erik-voorhees-22378_blockchain_i-have-no-problem-with-the-financial-ind_2062541.jpg) > “I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.” [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He welcomes blockchain in finance, seeing its power despite industry skepticism. **In simple terms:** Blockchain can transform finance. Key Takeaway Explore blockchain potential. Themes finance blockchain innovation Mood optimistic analytical Type business technological When to use this quote - banking services - investment platforms - regulatory policy Key Concepts decentralization technology adoption Questions to Reflect On - How can finance benefit from blockchain? - What risks must be managed? A Different Perspective Regulatory hurdles may limit adoption. ★ ★ ★ ★ ★ No ratings yet [Blockchain](https://sms4smile.com/quotes/about/blockchain/) [Currency](https://sms4smile.com/quotes/about/currency/) [Horse](https://sms4smile.com/quotes/about/horse/) [Money](https://sms4smile.com/quotes/about/money/) [Technology](https://sms4smile.com/quotes/about/technology/) [Trojan horse](https://sms4smile.com/quotes/about/trojan-horse/) ## Related quotes > [The more powerful a technology greater care should be used to benefit fro it. India should not be left behind the world. From the…](https://sms4smile.com/quotes/m-s-swaminathan/the-more-powerful-a-technology-greater-care-should-be-used-to-benefit/) [M. S. Swaminathan](https://sms4smile.com/quotes/author/m-s-swaminathan/) > [AI might be a powerful technology, but things won't get better simply by adding AI.](https://sms4smile.com/quotes/vivienne-ming/ai-might-be-a-powerful-technology-but-things-won-t-get-better-simply/) [Vivienne Ming](https://sms4smile.com/quotes/author/vivienne-ming/) > [Any powerful technology has sauce for the goose and the gander... It's just an extension of humanity.](https://sms4smile.com/quotes/john-perry-barlow/any-powerful-technology-has-sauce-for-the-goose-and-the-gander-it-s/) [John Perry Barlow](https://sms4smile.com/quotes/author/john-perry-barlow/) > [Biology is the most powerful technology ever created. DNA is software, protein are hardware, cells are factories.](https://sms4smile.com/quotes/arvind-gupta/biology-is-the-most-powerful-technology-ever-created-dna-is-software/) [Arvind Gupta](https://sms4smile.com/quotes/author/arvind-gupta/) > [Any powerful technology can be abused.](https://sms4smile.com/quotes/k-eric-drexler/any-powerful-technology-can-be-abused/) [K. Eric Drexler](https://sms4smile.com/quotes/author/k-eric-drexler/) > [No one knows how powerful technology is.](https://sms4smile.com/quotes/patti-smith/no-one-knows-how-powerful-technology-is/) [Patti Smith](https://sms4smile.com/quotes/author/patti-smith/) > [“Insurance is expected to be revolutionized thanks to blockchain technology. The technology can streamline the user experience by using smart contracts that can automate…](https://sms4smile.com/quotes/ikuya-takashima/insurance-is-expected-to-be-revolutionized-thanks-to-blockchain/) [Ikuya Takashima](https://sms4smile.com/quotes/author/ikuya-takashima/) > [Blockchain technology has such a wide range of transformational use cases, from recreating the plumbing of Wall Street to creating financial sovereignty in the…](https://sms4smile.com/quotes/perianne-boring/blockchain-technology-has-such-a-wide-range-of-transformational-use/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Belarus will become the first government in the world that opens wide opportunities for the use of blockchain technology.](https://sms4smile.com/quotes/alexander-lukashenko/belarus-will-become-the-first-government-in-the-world-that-opens-wide/) [Alexander Lukashenko](https://sms4smile.com/quotes/author/alexander-lukashenko/) > [The main advantage of blockchain technology is supposed to be that it's more secure, but new technologies are generally hard for people to trust,…](https://sms4smile.com/quotes/vitalik-buterin/the-main-advantage-of-blockchain-technology-is-supposed-to-be-that-it/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [Blockchain technology isn't just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the…](https://sms4smile.com/quotes/abigail-johnson/blockchain-technology-isn-t-just-a-more-efficient-way-to-settle/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common…](https://sms4smile.com/quotes/blythe-masters/blockchain-technology-or-distributed-ledger-technology-is-just-a-way/) [Blythe Masters](https://sms4smile.com/quotes/author/blythe-masters/) > [“The cryptocurrency industry, powered by blockchain technology, has been dominated mostly by male while the traction of the female participants aren’t much to write…](https://sms4smile.com/quotes/olawale-daniel/the-cryptocurrency-industry-powered-by-blockchain-technology-has-been/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [“THE MORE FOUNDATIONAL A TECHNOLOGY IS, the more impact it can have. Blockchain technology is not a process improvement technology. At its fullest deployment…](https://sms4smile.com/quotes/william-mougayar/the-more-foundational-a-technology-is-the-more-impact-it-can-have/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [“Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of…](https://sms4smile.com/quotes/mark-gates/key-points-transparency-blockchain-offers-significant-improvements-in/) Mark Gates ## More by Erik Voorhees > [Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors,…](https://sms4smile.com/quotes/erik-voorhees/bitcoin-is-absolutely-the-wild-west-of-finance-and-thank-goodness-it/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Personally, I had over 550 BTC in Gox. I will never get any of that back.](https://sms4smile.com/quotes/erik-voorhees/personally-i-had-over-550-btc-in-gox-i-will-never-get-any-of-that-back/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Whenever the price of cryptocurrency is rallying, people start spending a lot more.](https://sms4smile.com/quotes/erik-voorhees/whenever-the-price-of-cryptocurrency-is-rallying-people-start/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting…](https://sms4smile.com/quotes/erik-voorhees/you-cannot-have-an-asset-that-goes-up-in-price-1-every-month-or-1/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.](https://sms4smile.com/quotes/erik-voorhees/bitcoin-is-open-source-global-and-requires-no-permission-from-anybody/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.](https://sms4smile.com/quotes/erik-voorhees/the-number-of-industries-communities-habits-traditions-and-even/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [In the longterm for Bitcoin, Gox needed to go away.](https://sms4smile.com/quotes/erik-voorhees/in-the-longterm-for-bitcoin-gox-needed-to-go-away/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Bitcoin is very ideologically fulfilling, it's my form of political activism, but it's also a huge business opportunity.](https://sms4smile.com/quotes/erik-voorhees/bitcoin-is-very-ideologically-fulfilling-it-s-my-form-of-political/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.](https://sms4smile.com/quotes/erik-voorhees/mt-gox-was-a-teachable-moment-for-everyone-in-the-bitcoin-community/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Like the Internet, Bitcoin will change the way people interact and do business around the world.](https://sms4smile.com/quotes/erik-voorhees/like-the-internet-bitcoin-will-change-the-way-people-interact-and-do/) [Erik Voorhees](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/erik-voorhees/the-value-of-bitcoin-is-astronomical-but-the-price-goes-all-over-the/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Unfortunately, slow and steady in any financial market is actually impossible.](https://sms4smile.com/quotes/erik-voorhees/unfortunately-slow-and-steady-in-any-financial-market-is-actually/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits,…](https://sms4smile.com/quotes/erik-voorhees/credits-in-your-paypal-account-are-really-just-usd-backed-they-are/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [Most 'digital currencies' are not really digital currencies at all.](https://sms4smile.com/quotes/erik-voorhees/most-digital-currencies-are-not-really-digital-currencies-at-all/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [ShapeShift has no user accounts, signup, or registration process whatsoever. But it's faster and far more convenient than traditional exchanges.](https://sms4smile.com/quotes/erik-voorhees/shapeshift-has-no-user-accounts-signup-or-registration-process/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) [Explore all 27 Erik Voorhees quotes ](https://sms4smile.com/quotes/author/erik-voorhees/) ## More Blockchain quotes > [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/) > [We don't think the blockchain can do most of what's been ascribed to it. But we're entering the Internet of value - and that…](https://sms4smile.com/quotes/chris-larsen/we-don-t-think-the-blockchain-can-do-most-of-what-s-been-ascribed-to/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [What proplets do is they look to the blockchain to see who owns them; they are kind of like SIM cards today - they…](https://sms4smile.com/quotes/nick-szabo/what-proplets-do-is-they-look-to-the-blockchain-to-see-who-owns-them/) [Nick Szabo](https://sms4smile.com/quotes/author/nick-szabo/) > [I'm passionate about blockchain as a whole, decentralized finance as a whole.](https://sms4smile.com/quotes/spencer-dinwiddie/i-m-passionate-about-blockchain-as-a-whole-decentralized-finance-as-a/) [Spencer Dinwiddie](https://sms4smile.com/quotes/author/spencer-dinwiddie/) > [Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services…](https://sms4smile.com/quotes/william-mougayar/let-s-hope-the-canadian-public-sector-starts-putting-the-blockchain/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and…](https://sms4smile.com/quotes/william-mougayar/the-blockchain-applications-market-is-unravelling-along-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [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…](https://sms4smile.com/quotes/patrick-m-byrne/people-didn-t-know-where-they-could-trade-when-everybody-owes-each/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [“In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997. But Bitcoin is growing faster. The next four…](https://sms4smile.com/quotes/olawale-daniel/in-terms-of-adoption-bitcoin-has-roughly-the-same-users-as-the/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [“Privacy is now the evidence, not the obstacle. Today, proof no longer requires exposure. Privacy has always been here, it's just that it became…](https://sms4smile.com/quotes/olawale-daniel/privacy-is-now-the-evidence-not-the-obstacle-today-proof-no-longer/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [Scalability is this idea of coming up with a blockchain that can scale much larger than existing chains essentially by processing transactions in parallel.…](https://sms4smile.com/quotes/vitalik-buterin/scalability-is-this-idea-of-coming-up-with-a-blockchain-that-can/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [“The cryptocurrency industry, powered by blockchain technology, has been dominated mostly by male while the traction of the female participants aren’t much to write…](https://sms4smile.com/quotes/olawale-daniel/the-cryptocurrency-industry-powered-by-blockchain-technology-has-been/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [While it may seem scarier in the earlier days, I think ultimately the blockchain creates a safer world.](https://sms4smile.com/quotes/fred-ehrsam/while-it-may-seem-scarier-in-the-earlier-days-i-think-ultimately-the/) [Fred Ehrsam](https://sms4smile.com/quotes/author/fred-ehrsam/) > [Transactions on the blockchain offer a unique ability for tracing and tracking, including analyzing trends on the ledger.](https://sms4smile.com/quotes/katie-britt/transactions-on-the-blockchain-offer-a-unique-ability-for-tracing-and/) [Katie Britt](https://sms4smile.com/quotes/author/katie-britt/) > [The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.](https://sms4smile.com/quotes/patrick-m-byrne/the-main-event-isn-t-bitcoin-it-s-using-the-blockchain-to-disrupt/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [Blockchain technologies will change transactions in a broad way.](https://sms4smile.com/quotes/brad-garlinghouse/blockchain-technologies-will-change-transactions-in-a-broad-way/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) [Browse all 88 Blockchain quotes ](https://sms4smile.com/quotes/about/blockchain/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. 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