Since the start of the Blockchain revolution that is cryptocurrency, a lot of people have had a lot to say. Opinions have been bandied about like nobody’s business, but it seems that it was indeed everybody’s business to have a say in what was going on in the world of cryptocurrency. Perhaps the one that has received the most attention regarding input from both people in the know and less knowledgeable cryptocurrency followers is Bitcoin.
Scattered along the way we have heard and read some fascinating opinions and feelings of community members on what they think of Bitcoin and where it is and where it is going. Some quotes are wildly speculative and others just plain wild.
Here we will look at 5 of the most interesting for one reason or another.
Perhaps one of the most emotive and grandiose was a statement by Mr McAfee, founder of company McAfee Anti-Virus, when he went onto say “I will eat my dick on national television” when referring to his absolute certainty that Bitcoin would reach a price of $500 000 within 3 years of his statement, 17 July 2017. This quote has to take the prize for documenting the most tenacious and fervent supporter of Bitcoin. The blockchain community on Twitter quickly took to respond and speculate which TV channel would host the event, the food channel or the history channel.
On a more serious note, however, Mr. McAffee has given a lot of support to the cryptocurrency and continues to strongly advocate for the importance of the currency, and there will no doubt be more to hear from this business maverick. Let’s just say 17 April 2020 is going to be a fun day to look out for.
On the other side of the coin is Peter Schiff, who is not the most avid supporter of all things Bitcoin. Mr. Schiff has had a lot to argue about regarding the legitimacy of the cryptocurrency. One of his most interesting comparisons was drawn against the 17th century Tulip Bulb drama, where Tulip Bulbs had a meteoric rise in value and then crashed dramatically leaving many with huge losses.
“To me, it looks like a modern-day tulip mania. The reason people are buying Bitcoins is indeed because they think they’re going to make money. They think the price is going up. And the price probably will go up. It’ll keep going up until it implodes. And a lot of people are going to lose a lot of money in Bitcoins.”
Talk about stating the obvious, and people would only buy if they thought they were going to make money. A naysayer it seems we have in Mr. Schiff.
Ms. Demirors stands out as a strong ambassador for women in cryptocurrency. There has been a lot of talk around women in cryptocurrency and whether the community surrounding it is unfairly male-dominated. Meltem Demirors has passionately voiced her opinion on women doing amazing work in the world of Bitcoin and other Blockchain platforms.
Meltem voices her concerns regularly on how little progress has been made with regard to distributing capital.
“I’m concerned to see how little progress the crypto ecosystem has made on distributing capital. We have a massive 1% problem in every crypto asset class, and no strategy to distribute crypto more broadly beyond initial investors. Maybe ICOs are part of the process of redistributing wealth? If we want crypto to be truly global and distributed, we’ll need effective mechanisms to distribute wealth and power among network participants.”
This is an exciting time for women in the investment community to not only be investing but to be making a difference in wealth distribution and spreading of the power of network members.
Probably considered as one of Bitcoins stalwarts and part of the who’s who of the cryptocurrency community, Erik Voorhees is a dynamic businessman and often has a lot to say around the edgy aspect of Bitcoin and other such e-currencies. He almost makes it sexy when he descriptively describes the coin to life.
“Bitcoin businesses are literally at the edge of the law, not because they are doing anything wrong, but because Bitcoin enables new activities and behaviors and recategorizes money in such a way as to enable it to transcend current statuses. This is both exciting, and scary because we’re breaking amazing ground and we’ll inevitably be in the crosshairs for doing so.”
Erik is an active voice in the corridors of all the forums and social media sites, and we look forward to reading even more enthusiastic banter as to the merits of Bitcoin.
In a time in the market where a lot of people are still not grasping the concept of cryptocurrency and how they can be used as ‘money’ in the real world.
Naval Ravikant probably best puts the whole picture more into focus for those who don’t get it when he says:
“It’s important not think of Bitcoin as a replacement for cash or gold or something that works alongside that. It’s to think of it as programmable money. And we just can’t even imagine what that will be used for.”
It is without a doubt that as Bitcoin navigates its way forward as the currency of the future, we will hear many different opinions and see many aspects of today’s society affected by Bitcoin and the development of other cryptocurrencies. It is with this in mind that we conclude with a quote from the founder and father of Bitcoin.
“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.”
– Satoshi Nakamoto, Founder of Bitcoin
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