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Patrick M. Byrne Quotes


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Quotes by Patrick M. Byrne

Showing 1-10 of 29 Quotes by Patrick M. Byrne

There is an opportunity to recreate the financial world as we know it in the parallel universe that is the blockchain. We are writing rules for this whole new universe.

~Patrick M. Byrne

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The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.

~Patrick M. Byrne

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I've been in a room in Silicon Valley where on the wall they have 160 industries they think blockchain can disrupt. We picked six of them to focus on.

~Patrick M. Byrne

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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

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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

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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

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Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.

~Patrick M. Byrne

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t0 is blockchain-agnostic so, ultimately, we can use anybody's blockchain.

~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.

~Patrick M. Byrne

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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

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Biography

Nationality: American

Type: Businessman

Born: Unknown

Links

Find Patrick M. Byrne on Amazon

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