4 Patrick M. Byrne Time Quotes

Patrick M. Byrne
” 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. “


” 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. “


” 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. “


” 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. “



All 4 Patrick M. Byrne Quotes about Time in picture


Right now, you
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.


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
You
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