Phrase by 'Patrick M. Byrne'
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I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I win it, someone else wins it.
Author: Patrick M. Byrne - American BusinessmanFeel , Business , Win , Victory
People didn't know where they could trade. When everybody owes each other IOUs that can be in multiple places at once, that's how the system couldn't tell any more who owned what and who owed what to whom. Blockchain could have prevented 2008.
Author: Patrick M. Byrne - American BusinessmanMore , People , Know , Tell
There is absolutely no reason in the world of blockchain to build in net settlement. It's like saying you have got a new Ferrari and we are going to put a lawnmower engine in it.
Author: Patrick M. Byrne - American BusinessmanYou , New , World , Saying
I've been all over meeting government ministers and such in Caribbean financial circles. There's a small blockchain movement in the Caribbean. They've been quite a bit more advanced than you might've imagined.
Author: Patrick M. Byrne - American BusinessmanYou , Small , Government , Meeting
We know that flat and non-hierarchical systems use information best. I've tried to do that with my own company because it works better that way. And society at large will work better as well if we can get rid of these old institutions and hierarchies. New innovations like the block chain can make this possible.
Author: Patrick M. Byrne - American BusinessmanWork , Best , Better , Society
When we look at government in Washington or what's happening on Wall Street, we see so much centralization. But really, our goals should be to eliminate and overcome these central institutions. And in recent years we have gained powerful new tools to do this, and most significant among those is the block chain, which is the software behind Bitcoin.
Author: Patrick M. Byrne - American BusinessmanGoals , Look , Government , Street
This is where the block chain is most useful and revolutionary: It helps us to overcome the problem of mutual trust in exchange, which will, in turn, make many of our modern central institutions unnecessary.
Author: Patrick M. Byrne - American BusinessmanWill , Trust , Us , Problem
With the block chain, for the first time, we no longer need these central institutions for settlement or for guaranteeing the value of coins or for land titling. All of these functions can be replaced by a transparent public ledger that is safe from tampering and which can make value and ownership clear and open for everyone.
Author: Patrick M. Byrne - American BusinessmanTime , Everyone , Value , First Time
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it's through the technology that underlies bitcoin. It's called the block chain.
Author: Patrick M. Byrne - American BusinessmanTime , History , Trust , Technology
We want a money that some government mandarin can't just whisk into existence with a pen stroke.
Author: Patrick M. Byrne - American BusinessmanWant , Money , Government , Pen
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