Patrick M. Byrne Quotes

Patrick M. Byrne
American Businessman
Born: 1962
Bitcoin Blockchain Government Time Will You
Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett
Over the next decade, there will be disruption as significant as the Internet was for publishing, where blockchain is going to disrupt dozens of industries, one being capital markets and Wall Street. Patrick M. Byrne
Internet Will Blockchain Markets Significant Over Industries Decade Wall Wall Street Going Being Where Capital Next Street Publishing Dozens Disrupt Disruption
Right now, you've got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you've reunited the trade with the settlement. They're not two separate processes. Patrick M. Byrne
Time You Three Blockchain Settlement Hundreds System Risk Between Days Tied Because Reunited Trade Got Up Goes Processes Separate Now Away Right Millions Two
How high can bitcoin go? The real question is how low can the dollar go? Patrick M. Byrne
Bitcoin High How Real Go Dollar Question Real Question Low
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. Patrick M. Byrne
Business Win Victory Care Blockchain Revolution Else Kind Wounded Someone Wins Feel Whether
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. Patrick M. Byrne
People Blockchain Owes Other Everybody Once System Tell More Could Know Trade How Owed Owned Any Where Places Who Multiple Each Whom
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. Patrick M. Byrne
Saying You World Build Blockchain Settlement Net No Reason Absolutely Put New Like Got Ferrari Going Engine Reason
There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system - it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system. Patrick M. Byrne
You Financial Impossible Problems Black Build Become Blockchain Elsewhere System Financial System Would Solve Kinds About Mischief Potential Excited Robust Understand Current Swan Really Your Games Who SEC Played
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. Patrick M. Byrne
Government You Financial Blockchain Caribbean Meeting Circles Bit Ministers More Small Advanced Over Been Than Quite Quite A Bit Movement Might Imagined
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. Patrick M. Byrne
Work Best Better Old Will Own Society Innovations Way Possible Hierarchies Systems Tried My Own New Like Institutions Know Well Make Because Block Get Flat Information Use Rid Large Works Chain Company
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. Patrick M. Byrne
Time Value First Ownership Coins Settlement Everyone Open Clear Longer Institutions Safe Make First Time Block Replaced Which Central Public Land Transparent Chain Functions Need Guaranteeing
A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked. Patrick M. Byrne
World Impediment Economic Fact Vast Vast Majority Advancement Major Majority Around Humans
If we get to a world of digital securities, then there isn't a need for DTC and Cede & Co. anymore. It's a really huge step in returning to clean capital markets. Patrick M. Byrne
World Digital Markets Securities Clean Step Returning Huge Get Anymore Capital Then Really Need
There are dodgy characters in Bitcoin. But there are dodgy characters in cash, too. Patrick M. Byrne
Bitcoin Too Characters Cash
We are on a crazy strategy with our central bank. It's good to have alternative ecosystems. It's not that the dollar will go away, but we need other options if it crashes or wildly inflates. Patrick M. Byrne
Good Crazy Will Go Away Strategy Other Our Wildly Ecosystems Alternative Go Dollar Options Bank Crashes Central Central Bank Away Need
We want enough people adopting Bitcoin for a robust infrastructure. It's an act of patriotism. It gives the country a robust parallel system. Patrick M. Byrne
Patriotism People Bitcoin Country Enough Enough People System Parallel Adopting Gives Robust Want Infrastructure Act

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