Top 15 Andreas M. Antonopoulos Quotes (2024 Update)

Andreas M. Antonopoulos Quote: “As the adage of the entire internet once went, “I just replaced your entire industry with 100 lines of Python code,” that’s exactly what we’re doing with bitcoin.”

1. “As the adage of the entire internet once went, “I just replaced your entire industry with 100 lines of Python code,” that’s exactly what we’re doing with bitcoin.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “The purpose of mining is not the creation of new bitcoin. That’s the incentive system. Mining is the mechanism by which bitcoin’s security is decentralized.”

2. “The purpose of mining is not the creation of new bitcoin. That’s the incentive system. Mining is the mechanism by which bitcoin’s security is decentralized.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “Do not underestimate this. Do not listen to the people who tell you that bitcoin is just for pornographers, terrorists, drug dealers, and gamblers. Remember that they said the exact same thing about the internet. But when 2 or 3 million people got online, we found out that they are not interested in those things – they are interested in sharing cat videos, and now we have an internet of a billion cat videos.”

3. “Do not underestimate this. Do not listen to the people who tell you that bitcoin is just for pornographers, terrorists, drug dealers, and gamblers. Remember that they said the exact same thing about the internet. But when 2 or 3 million people got online, we found out that they are not interested in those things – they are interested in sharing cat videos, and now we have an internet of a billion cat videos.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “The concept of a balance is created by the wallet application. The wallet calculates the user’s balance by scanning the blockchain and aggregating the value of any UTXO the wallet can spend with the keys it controls. Most.”

4. “The concept of a balance is created by the wallet application. The wallet calculates the user’s balance by scanning the blockchain and aggregating the value of any UTXO the wallet can spend with the keys it controls. Most.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “Bitcoin is often mistakenly characterized as “anonymous” currency. In fact, it is relatively easy to connect identities to bitcoin addresses and, using big-data analytics, connect addresses to each other to form a comprehensive picture of someone’s bitcoin spending habits.”

5. “Bitcoin is often mistakenly characterized as “anonymous” currency. In fact, it is relatively easy to connect identities to bitcoin addresses and, using big-data analytics, connect addresses to each other to form a comprehensive picture of someone’s bitcoin spending habits.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “The digital keys in a user’s wallet are completely independent of the bitcoin protocol and can be generated and managed by the user’s wallet software without reference to the blockchain or access to the Internet.”

6. “The digital keys in a user’s wallet are completely independent of the bitcoin protocol and can be generated and managed by the user’s wallet software without reference to the blockchain or access to the Internet.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “There are a billion people, right now, with access to the internet and feature phones who could use bitcoin as an international wire-transfer service.”

7. “There are a billion people, right now, with access to the internet and feature phones who could use bitcoin as an international wire-transfer service.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “Bitcoin creates digital assets that have intrinsic value and can be stolen and diverted to new owners instantly and irrevocably. This creates a massive incentive for hackers.”

8. “Bitcoin creates digital assets that have intrinsic value and can be stolen and diverted to new owners instantly and irrevocably. This creates a massive incentive for hackers.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size – the fee is independent of the transaction’s bitcoin value.”

9. “The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size – the fee is independent of the transaction’s bitcoin value.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “What bitcoin gives us is a hard promise: the program will execute exactly as specified.”

10. “What bitcoin gives us is a hard promise: the program will execute exactly as specified.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “Bitcoin experts argue that deflation is not bad per se. Rather, deflation is associated with a collapse in demand because that is the only example of deflation we have to study.”

11. “Bitcoin experts argue that deflation is not bad per se. Rather, deflation is associated with a collapse in demand because that is the only example of deflation we have to study.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “Fake news” has happened because the basis for producing truth has been removed from the very institutions whose job it was to produce truth.”

12. “Fake news” has happened because the basis for producing truth has been removed from the very institutions whose job it was to produce truth.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “By the time you look a few hundred feet down, you are looking at a snapshot of the past that has remained undisturbed for millions of years. In the blockchain, the most recent few blocks might be revised if there is a chain recalculation due to a fork. The top six blocks are like a few inches of topsoil. But once you go more deeply into the blockchain, beyond six blocks, blocks are less and less likely to change.”

13. “By the time you look a few hundred feet down, you are looking at a snapshot of the past that has remained undisturbed for millions of years. In the blockchain, the most recent few blocks might be revised if there is a chain recalculation due to a fork. The top six blocks are like a few inches of topsoil. But once you go more deeply into the blockchain, beyond six blocks, blocks are less and less likely to change.”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “When you’re thinking about a killer app, it’s not simply the set of applications that might be implemented. It’s also about what can be implemented with what you have today. What requires the least infrastructure investment? What requires the least density of users and yet provides a viable solution to a real problem?”

14. “When you’re thinking about a killer app, it’s not simply the set of applications that might be implemented. It’s also about what can be implemented with what you have today. What requires the least infrastructure investment? What requires the least density of users and yet provides a viable solution to a real problem?”

— Andreas M. Antonopoulos

Andreas M. Antonopoulos Quote: “This isn’t about nation-states anymore. This isn’t about who adopts bitcoin first or who adopts cryptocurrencies first, because the internet is adopting cryptocurrencies, and the internet is the world’s largest economy. It is the first transnational economy, and it needs a transnational currency.”

15. “This isn’t about nation-states anymore. This isn’t about who adopts bitcoin first or who adopts cryptocurrencies first, because the internet is adopting cryptocurrencies, and the internet is the world’s largest economy. It is the first transnational economy, and it needs a transnational currency.”

— Andreas M. Antonopoulos

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