A Quote by Daniel Lyons

You can crank out Bitcoins on a PC, but it's an incredibly computer-intensive task, and it will keep getting harder as the number of Bitcoins in existence increases. Some people have pooled together hundreds of machines to 'mine' Bitcoins. Most folks, however, just buy them on an exchange.

Daniel Lyons

Quote Topics

Buy Computer Crank Exchange Existence Folks Getting Harder However Hundreds Increases Incredibly Intensive Just Keep Machines Mine Most Number Out People Some Some People Task Them Together Will

Quote Author

Daniel Lyons
American - Writer

Bitcoins can be traded or used for purchases, but only with those sellers who will accept them. Because it is a system independent of external meddling, there can be no sudden devaluation of Bitcoins through the actions of governments.

Kurt Eichenwald

A lot of people don't want to deal with the effort needed to secure your bitcoins. That's why we started to build Gemini, which is a U.S.-based exchange with compliance - it's NASDAQ, E-Trade and DTC built into one.

Cameron Winklevoss

Anybody who has enough information about what's going on in the bitcoin world, you would not buy your bitcoins on Mt. Gox.

Roger Ver

You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It's much better if the Bitcoin economy is a self-contained thing.

Gavin Andresen

Since we're all rich with bitcoins ... we ought to put some of this unearned wealth to good use.

Hal Finney

If you are going to store your e-wallet on your own server, don't keep your e-wallet on your desktop, and make sure you use encryption. If you lose your computer, your bitcoins are lost forever.

Fred Ehrsam

Bitcoins - it's freedom. It's very American.

Tyler Winklevoss

The one place that bitcoins seem to be used as money is in crime.

Peter Schiff

My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS does not deal in bitcoins.

Gavin Andresen

If there is one currency that helped Wikileaks take on the might of the U.S. Government, it was Bitcoins.

Ravi Subramanian

As more wealth and political power is amassed - as bitcoins rise in value - Congress and various lobbying groups will be influenced to an ever greater extent by the interests of Bitcoin owners who - in turn - will lobby to keep the Internet and Bitcoin alive and growing.

Max Keiser

The regulation picture has gotten a lot clearer in the U.S. and most of Europe. And that's fantastic. I think that's why you're seeing companies like Microsoft and Dell accepting Bitcoins.

Gavin Andresen

Bitcoin is complex: the entire private and public key issue, the transfers, the mining of bitcoins... but if you tell it as fiction, people would understand and remember.

Ravi Subramanian

Bitcoins are not an investment. They are an investment fad that someday could be a real digital currency, but if they continue to behave as they have, they will instead be nothing.

Kurt Eichenwald

I get very worried that people that are buying bitcoins don't really understand what they're participating in other than the headline stories that it keeps going higher and 'I want to make sure I don't miss this opportunity to make some money.'