Phrase by '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.
Author: Patrick M. Byrne - American BusinessmanInternet , Being , Will , Street
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.
Author: Patrick M. Byrne - American BusinessmanMoney , Creation , Government , Mathematics
The virtues of the blockchain is that it would be that it's peer-to-peer settlement - no centralized settlement, no manipulation... And most importantly, there's nothing to capture. It's consensus based. It's stateless.
Author: Patrick M. Byrne - American BusinessmanNothing , Blockchain , Capture , Virtues
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.
Author: Patrick M. Byrne - American BusinessmanYou , Time , Three , Risk
The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.
Author: Patrick M. Byrne - American BusinessmanStreet , Blockchain , Bitcoin , Event
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.
Author: Patrick M. Byrne - American BusinessmanKnow , World , Universe , Opportunity
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.
Author: Patrick M. Byrne - American BusinessmanYou , Black , Understand , Problems
You're going to start seeing open-source, self-executing contracts gradually improve over time. What the Internet did to publishing, blockchain will do to about 160 different industries. It's crazy.
Author: Patrick M. Byrne - American BusinessmanInternet , You , Time , Crazy
T0 is blockchain-agnostic so, ultimately, we can use anybody's blockchain.
Author: Patrick M. Byrne - American BusinessmanBlockchain , Use , Anybody , Ultimately
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.
Author: Patrick M. Byrne - American BusinessmanFocus , Think , Room , Valley
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