A Quote by Ravi Subramanian

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

Quote Topics

Bitcoin Complex Entire Fiction Issue Key Mining People Private Public Remember Tell Transfers Understand Would

Quote Author

Ravi Subramanian
Indian - Author

Isn't the purpose of bitcoin mining simply to get rich - or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol - and particularly in the industrial uses of bitcoin enabled by embedded mining.

Balaji Srinivasan

Pretty uniformly, people want the benefits of bitcoin and the blockchain - near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.

Jeremy Allaire

Bitcoin is two things which share a name. One, it's a payment system, and two, it's a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.

Erik Voorhees

The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?

Max Keiser

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

Whatever we take from a film - personal, public, private, subconscious - a list can only contain moments that are often a key to the recognition of something more complex.

Lynne Ramsay

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

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

Bitcoin was created with security in mind. The Blockchain is Bitcoin's public ledger that records every transaction in the Bitcoin economy.

Perianne Boring

In the aftermath of the oh-so-predictable crash, the Bitcoin fanatics have begun marshaling out excuse after excuse for why this non-investment investment lost so much of its value so fast. One was that hackers attacked some of the exchanges for Bitcoins and crippled it. Really? A hacker can wreck an entire market?

Kurt Eichenwald

In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.

Gavin Andresen

Facts tell us that criminalizing private transfers of firearms among family members and friends under a universal background check system would do nothing to prevent 'gun violence,' and importantly, would not have prevented the profound tragedies that gun banners use to promote such a system.

Wayne LaPierre

The key to teaching anything is to remember what it was like not to understand that thing. That's a very hard thing to do. Every time you come to understand something you didn't understand before, you are transformed. You become a different person from who you were before. The key to teaching someone else to understand that same thing is to remember your former, untransformed self. If you can do that, I think you can teach anything, even physics.

David Goodstein

The joke is that U2's new record only looked like a virus. Enjoy mining bitcoins for me losers.

Thom Yorke

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

The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.