A Quote by Rick Falkvinge

Bitcoin will do to banks what email did to the postal industry.

Rick Falkvinge

Quote Topics

Banks Bitcoin Did Email Industry Postal Will

Quote Author

Rick Falkvinge
Swedish - Politician
Born: January 21, 1972

Email did precisely what I predicted, back in 1978, it took over the postal mail process and system of writing letters.

Shiva Ayyadurai

With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans who don't have basic banking services because there are almost no banks or bank branches in their neighborhoods.

Elizabeth Warren

What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.

Adam Draper

Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.

Fred Ehrsam

We did casting in L.A. and a lot of people came against the advice of their agents. The agents said, "You shouldn't be in Postal, it will damage your career." So Zack Ward came to casting and played one of the cop parts, and then later I looked at the DVDs again and said, "This guy is Postal Dude." He's like white trailer trash. He's had a long time in the film industry, but no real success. He needs money; he's two-times divorced in real life. He said he works only to pay off his Philippine ex-wife.

Uwe Boll

Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.

John C. Bogle

I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. I intend to hold it until there's a day where I can just use Bitcoin completely.

Olaf Carlson-Wee

Daniel Masters is a master of the commodities markets with over 30 years experience. His bitcoin strategy is based on the parallels he sees from the oil industry in 1999 to the current state of bitcoin.

Perianne Boring

Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.

Gavin Andresen

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

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

Now that this legislation has passed the House, I look forward to the vote in the Senate that will bring us to Conference, where we can resolve any outstanding issues and make this postal reform reality - for the Postal Service and for all Americans.

John M. McHugh

Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

Perianne Boring

For years, the Postal Service has been saddled with misguided financial requirements. Eliminating these burdens will allow us to invest in the long-term strength and stability of the Postal Service.