Dominic Frisby > Quotes

“It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”
― Dominic Frisby, Bitcoin: the Future of Money?

“A coder and independent security researcher named Sergio Lerner conducted a detailed analysis of the block chain at the time Satoshi was still mining. He concluded that Satoshi had mined at least one million bitcoins – more precisely 1,148,800. Lerner felt that if any of these coins had been spent, it would not be difficult to work out Satoshi’s identity – the recipient of the coins would know, unless the sender had sent the coins anonymously. But it appears that none of them were ever spent.”
― Dominic Frisby, Bitcoin: the Future of Money?

“In May 2010, a Florida programmer by the name of Laszlo Hanyecz wanted to test the technology. He offered to buy a pizza for 10,000 coins. The pizza arrived. For several days after that, Hanyecz bought 10,000-bitcoin pizzas. I bet he regrets it now. Ten thousand bitcoins would at one stage be worth over 12 million dollars. Twelve million bucks for a pizza!”
― Dominic Frisby, Bitcoin: the Future of Money?

“This idea about crossing borders many times a day on the internet…Well, imagine there’s a blogger in Australia and they’ve written a nice article and actually they want to be paid a little bit of money when people read their thing. He’s not set up on Visa, you don’t want to type out all this stuff on a credit card. Surely, if you were to pay him 50p’s worth of bitcoin for this incredible article that he’s written, or a piece of data that he’s calculated that for some reason has value to you, it enables little transactions like that to happen on a vast scale. You can do it quickly and simply and get rid of all this noise in the middle. Ironically, I think cryptos are more likely to push the world towards paid content than the other way around – because they enable it in a way that wasn’t possible before.”
― Dominic Frisby, Bitcoin: the Future of Money?

“It will even bring into question our system of representative democracy. The tech is there for people’s identity to be proven and for them to vote instantly on just about any issue that comes up – gay marriage, abortion law, planning permission, military intervention. Liquid democracy – where people actually vote on decisions as they get made – is surely a far truer democracy. Why then do you need a congressman or parliamentary representative?”
― Dominic Frisby, Bitcoin: the Future of Money?

“Why would you want YouTube, Facebook or Netflix running in a decentralized way with no central body in charge? It eliminates the problem of excessive personal information on Facebook, or your YouTube viewing habits being monitored and marketed to.”
― Dominic Frisby, Bitcoin: the Future of Money?

“The implications are enormous – not just to corporations, but to governments as well. If everything can be dis-intermediated and decentralized, what about the services governments provide – healthcare, welfare and education? The bureaucratic middleman megalith that makes them so inefficient and expensive could be circumvented altogether.”
― Dominic Frisby, Bitcoin: the Future of Money?

“Whether you agree with its policy or not, your dealing with government is not voluntary, but coercive. Government is the very antithesis of ‘free market’.”
― Dominic Frisby, Life After the State

“The only way to create real new wealth is to grow stuff, make stuff or mine stuff. Everything else is simply the transference of wealth from one group to another. Thanks to our system of money and banking, we have transferred all our wealth to a small percentage of society – and impoverished a generation in the process.”
― Dominic Frisby, Life After the State

“The 'hype cycle' has five phases: the technology trigger, the peak of inflated expectations, the trough of disappointment, the slope of enlightenment and the plateau of productivity.”
― Dominic Frisby, Bitcoin: the Future of Money?

“The revolution will not be televised. It will be time-stamped on the block chain.”
― Dominic Frisby, Bitcoin: the Future of Money?

“Block chain tech is going to change everything-not just money & banking, but the law, accounting, social media, email, gambling, web hosting, cloud computing, stock markets, even. It could be more earth shattering than the World Wide Web.”
― Dominic Frisby, Bitcoin: the Future of Money?

“free-trading rival on its doorstep could not be countenanced.”
― Dominic Frisby, Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future

“There are no tyrants among men; there are only tyrannies, and the mother of tyrannies is money monopoly . . . Not money, but a false money system is the root of all evil . . . If money is to fulfil its function as the liberator of exchange, it must be protected from pollution by false issuers, and it must also be free to draw its supply from all worthy sources. The broader its base, the higher can be its apex and the greater its service to mankind. E. C. Riegel 103”
― Dominic Frisby, Life After the State