Decentralized Economy Quotes

An economy genuinely local and neighborly offers to localities a measure of security that they cannot derive from a national or a global economy controlled by people who, by principle, have no local commitment.

I think examples of free market transactions between peaceful people using Bitcoin and the Internet, I think it's a wonderful thing. It's going to make the world a better place.

All my economic ideas as developed over twenty-five years can be summed up in the words: agricultural-industrial federation. All my political ideas boil down to a similar formula: political federation or decentralization.

Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations.

You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It's much better if the Bitcoin economy is a self-contained thing.

The best way to propel the economy may be to encourage different parts of the country to go their own way.

Individuals and businesses must participate in a national discussion about a simpler tax system, one that collects sufficient revenue to meet appropriate federal responsibilities, but one resting on a broader, fairer tax base without penalizing saving and investing, the backbone of a strong, decentralized and thriving economy.

When Coinbase was starting, we thought we were seeing the birth of something that was really important - what I would almost describe as the future fabric of society - the system for who we are - our identities, what we own, our assets.

The economy of the 21st century will come to center on agriculture. Life will be intensely and profoundly local in ways that we can't conceive of today. Economic growth, as we have known it in a cheap energy industrial paradigm, will cease.

The proper goal of an economic democracy agenda is to replace the global suicide economy ruled by rapacious and unaccountable global corporations with a planetary system of local living economies comprised of human-scale enterprise rooted in the communities they serve and locally owned by the people whose wellbeing depends on them.

ShapeShift, like SatoshiDICE before it, demonstrated how an old business could operate in a brand new way because of the properties of cryptocurrencies.

One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.

If you contrast the productivity that comes from a networked or capitalist distribution of resources versus a centralized planning system, frequently referred to as communism or socialism, the network approach does much better when it's applied accurately.