Erik Voorhees

The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds. ”

Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out. ”

The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest. ”

Personally, I had over 550 BTC in Gox. I will never get any of that back. ”

Unfortunately, slow and steady in any financial market is actually impossible. ”

I'm much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer. ”

Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money. ”

I was very excited about a currency that was not controlled by a central government, that could be a free market currency. That was all the incentive I needed to dedicate my life to it. ”

Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision. ”

Bitcoin is very ideologically fulfilling, it's my form of political activism, but it's also a huge business opportunity. ”