A Quote by Jeremy Allaire

By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.

Jeremy Allaire

Quote Topics

Activity Asset Attractive Bind Bitcoin Design Economic Economic Activity Make New Predictable Resource Scarce Scarcity Supply Trade Underlying

Quote Author

Jeremy Allaire
American - Businessman
Born: May 13, 1971

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices.

Kurt Eichenwald

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.

Paul Craig Roberts

The critical thing about the design process is to identify your scarcest resource. Despite what you may think, that very often is not money. For example, in a NASA moon shot, money is abundant but lightness is scarce; every ounce of weight requires tons of material below. On the design of a beach vacation home, the limitation may be your ocean-front footage. You have to make sure your whole team understands what scarce resource you're optimizing.

Fred Brooks

Because the supply of Bitcoin is limited, the price of Bitcoin is going to have to increase and increase very substantially over time. My advice is that if you're interested in Bitcoin and excited by Bitcoin, then buy some Bitcoin and hold onto them, and you're likely to do very well over time.

Roger Ver

Agriculture is one economic activity that does not obey the laws of demand and supply.

John Kenneth Galbraith

No matter what I do, no matter how predictable I try to make my life, it will not be any more predictable than the rest of the world. Which is chaotic.

Elizabeth Moon

Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.

Peter Drucker

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

Warren Buffett

Hooks need to be predictable and not predictable at the same time.

Ken Hill

All economic activity is dependent upon that environment and its underlying resource base of forests, water, air, soil, and minerals. When the environment is finally forced to file for bankruptcy because its resource base has been polluted, degraded, dissipated, and irretrievably compromised, the economy goes into bankruptcy with it.

Gaylord Nelson

Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital.

Michael Spence

Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.

Balaji Srinivasan

One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.

Peter Drucker

If you want to maintain a sustainable supply of fish you have to farm the fish, rather than mine them. So putting your money into fishing fleets that are going to exacerbate the problem by over-fishing is not the way to preserve the underlying asset.

Maurice Strong

If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more accommodative during recoveries than would be called for under the traditional view that supply is largely independent of demand.