17 Jan '14

66 Bitcoin Quotes in 140 Characters Or Less

There are a lot of questions from the general public about Bitcoin. Most ordinary people don’t want to listen to lengthy explanations and just want to get a quick quote about bitcoin to help them understand.

Depending on their level of technical knowledge, I have compiled some bitcoin quotes that are perfect one liners for explaining Bitcoin, especially on Twitter.

What Is Bitcoin?

1.
"Bitcoin is both a payment system and a currency."
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2.
"Bitcoin is created electronically and exchanged between users without passing by a financial intermediary."
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3.
"One of the main reasons for the growing popularity of Bitcoin among stores and consumers is that it reduces transaction costs."
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4.
"Bitcoin is a novel solution to a long-standing computer-science prob. That’s what enables its transformational nature."
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5.
"Bitcoin is a Network, not a Coin."
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6.
"Bitcoin is a protocol, not a currency. Currency is just the first app."
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7.
"Bitcoin is money without borders."
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8.
"Bitcoin gives us the ability to transmit value globally, instantly, securely, and is far more valuable than email."
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9.
"Bitcoin is an experiment in the separation of money and state. You’ll be surprised how many will support that."
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10.
"Bitcoin is an invention that allows distributed consensus over a shared asset ledger without counter-party risk."
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More Bitcoin Quotes

11.
"You do not need to spend $1000 to buy a whole bitcoin. You can easily purchase as little as $1 worth, or one milli-bitcoin. Not expensive"
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12.
"Bitcoin will have a successor but only after fiat has been long gone and buried."
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13.
"Why would anyone trust nerd money vs. central bank money? Nerds brought you the Internet. Banks brought you the Great Depression."
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14.
"People who say that bitcoin is not or cannot become a “valid currency” are ignoring the simple, demonstrable fact that it already is."
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15.
"The most interesting disruption comes when a problem is not solved but rather made irrelevant. If Bitcoin works it could do that to payments"
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16.
"Bitcoin won’t “destroy” banks. Like the Internet did with telcos and media, It will simply make banks less relevant and less powerful"
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17.
"Bitcoin is just a testing ground for something else: The digitization of ‘hard’ currency like dollars."
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18.
"There are thousands of pages written about bitcoin. None of them spell it BitCoin. Therefore you have read none of them if you spell it thus"
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19.
"Bitcoin allows the free market of ideas being flooded with innovation without the need to ask for permission"
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20.
"Banks warn of dangers of bitcoin because people already know of the dangers of banks and are looking for choices."
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21.
"The bitcoin community may be a bunch of weirdo geeks to the media in general, but to me, it is MY bunch of weirdos"
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22.
"If you want to understand Bitcoin, read the original paper instead of other people’s interpretations of it http://bitcoin.org/bitcoin.pdf"
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23.
"Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted."
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24.
"You are guaranteed to lose your bitcoin investment if you sell at the bottom of a dip. If you hold, you have a chance for recovery."
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25.
"In the last 3 months, the pace of development by bitcoin tech companies has increased at least 10x. Hundreds of developers joining per month."
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26.
"Unless something breaks in the bitcoin code that can’t be fixed the fundamentals are no different at $1000 than they were at $1."
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27.
"On open networks, like the Internet, innovation occurs at the edge without permission. Bitcoin does that with online financial innovation."
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28.
"Bitcoin’s top innovations are concentrated in the protocol layers above bitcoin, allowing other “apps” and currencies to run on it"
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29.
"The Internet of Money, bitcoin, is releasing 50 yrs. of pent up innovation in finance, because it offers innovation without permission."
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30.
"In many countries around the world, if a government bans bitcoin it will instantly be more credible as an alternative choice."
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31.
"Do you want bitcoin to succeed? Tell two or three people about it, every day, help them get $10 each. Adoption is only thing that matters."
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32.
"Bitcoin will survive the banking regulators and oppressive governments. The converse however is unlikely."
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33.
"Almost all the risks to bitcoin are now internal. The external risks now only affect the price, not the survival of bitcoin."
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34.
"Bitcoin is a company, like trigonometry is. It’s a scientific invention, now part of our culture, unstoppable."
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35.
"If bitcoin survives, without major good news or major bug, just steady adoption, we’re somewhere between 10k and 100k."
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36.
"Price is a leading indicator for media attention of Bitcoin and eventual adoption by users."
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37.
"The vast majority of western societies has no clue what bitcoin is, yet. As they discover it and adopt it, we will keep growing."
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38.
"Mining provides security for the Bitcoin network, at much lower cost per transaction than other payment networks."
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39.
"The Internet at first was controversial, geeky and very strongly resisted by governments and telcos. Repeating history with bitcoin"
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40.
"Countries rejecting bitcoin reminds me of the time when countries were resisting the Internet."
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41.
"Don’t let the price of bitcoin distract you from the network/protocol."
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42.
"Most people are yet to understand how disruptive the Bitcoin technology really is."
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43.
"First you’re curious and jealous of people having it, then you have it, and then you want more. Bitcoin is just like sex."
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44.
"The Internet giveth us bitcoin, but bitcoin will make the Internet 100x more valuable in the next 5 years."
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45.
"I can spend hours trying to explain Skype to someone, or they can video their mom and see her smile. Don’t try to learn bitcoin, USE it."
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46.
"Bitcoin’s success is owed to creativity and innovation. It has nothing to do with the government’s endorsement"
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47.
"The bitcoin price only follows adoption and purchasing power. We are still in the very very beginning."
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48.
"Those who make the mistake of thinking bitcoin is expensive today are going to miss two orders of magnitude in next year."
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49.
"Because bitcoin is a protocol for transmitting value. It will be bigger than Internet and will accelerate Internet."
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50.
"Bitcoin is way to geeky to ever work for mainstream use. Just like the Internet was in 1991. Oh, wait."
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51.
"Bitcoin scales from nano-payments to giga-payments on a single network."
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52.
"Bitcoin is global, decentralized and unstoppable. Let govt try, it will be hilarious to watch."
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53.
"If you want to read something intelligent about bitcoin, read the source code."
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54.
"In 2 years people will be shocked they didn’t see the 1,001 uses for Bitcoin back when it was experimental. Tipping apps, P2P, everything."
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55.
"The identity of bitcoin’s creator is entirely irrelevant. The invention and new science stands independently without influence"
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56.
"Keep focused on the narrative which will become bitcoin’s destiny: It is not a currency, it is an invention, a protocol, a technology."
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57.
"Napster paved the way for BitTorrent, iTunes and Spotify; Bitcoin will do same for digital money"
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58.
"Eventually, banks will embrace bitcoin, just like telcos found a way to make money on Internet."
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59.
"The first years on the Internet, we got access DESPITE telecom companies, not through them. Now, bitcoin works despite banks, not with them"
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60.
"Credit cards are a “pull” model: You surrender the keys to your money, and they pull money from you. Bitcoin is a push model; more secure."
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61.
"The last consumer focused innovation in financial services was credit cards, in the 1950s. There is no industry more ripe for disruption."
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62.
"The thing about bitcoin being a Ponzi Scheme is that there is no Ponzi and there is no scheme."
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63.
"Bitcoin doesn’t just disrupt money. It also disrupts the models of modern corporations, macro-economics, nation-states and the Internet"
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64.
"Bitcoin’s distributed asset ledger is the most important Computer Science invention of the century."
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65.
"Previously unsolved problem in computer science is to transfer info without duplication. Bitcoin’s solution enforces digital scarcity."
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66.
"When the regulators come to regulate Bitcoin for your own good, your reply should be ‘Fuck Off!’"
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Credit for most quotes go to @aantonop.