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Top 4 Phil Champagne Quotes (2025 Update)

Phil Champagne Quote: “The first way to address the “war on poverty” is to get rid of currency inflation and return to a form of money whose value holds over the long term.”

1. “The first way to address the “war on poverty” is to get rid of currency inflation and return to a form of money whose value holds over the long term.”

— Phil Champagne

$Phil Champagne Quote: “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted notto debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”$

2. “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted notto debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

— Phil Champagne

Phil Champagne Quote: “I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint.”

3. “I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint.”

— Phil Champagne

Phil Champagne Quote: “A buyer making a purchase in BTCs has only to provide the merchant with personal information relevant to the purchase, for example, the shipping or email address, to pay. Compare this with a credit card purchase, which necessitates the buyer giving enough personal information to enable another party bent on fraud, a hacker or dishonest employee, to make fraudulent purchases with it.”

4. “A buyer making a purchase in BTCs has only to provide the merchant with personal information relevant to the purchase, for example, the shipping or email address, to pay. Compare this with a credit card purchase, which necessitates the buyer giving enough personal information to enable another party bent on fraud, a hacker or dishonest employee, to make fraudulent purchases with it.”

— Phil Champagne

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