Financial Disruption Quotes

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

It is easier to disrupt consumer finance. It is much harder to disrupt institutional finance, Wall Street. It is very heavily regulated, and because it is institutional finance, you are dealing with incumbents.

If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That's why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.

Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.

Over the next decade, there will be disruption as significant as the Internet was for publishing, where blockchain is going to disrupt dozens of industries, one being capital markets and Wall Street.

You can't merge six banks and think that nothing will happen.

Economically, ISIS is making money every day on the black market with their oil fields. But they are also putting money in banks. We know where those banks are. We should go after the banks and the facilitators using them.

The Dome is a metaphor that could mean anything - it could be nuclear fallout, terrorists - I've always been fascinated with stories where people's roles are flipped on their heads, be it the Wall Street guy, the techno guy, etc. All of those things are only successful when there are people and money around.

A lot of financial technology is foolhardy. Saying, 'We're going to kill banks. We're going to disrupt everything,' ignores some realities.

I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.

The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.

It is money that fuels the enterprise of terrorism …. You can stop the killing if you stop the flow of money.

The Internet of Money, bitcoin, is releasing 50 yrs. of pent up innovation in finance, because it offers innovation without permission.

By cutting off Hezbollah's lifelines to international financing, we can break its cycle of violence around the world.

We have to take ISIS oil, shut down all of the mechanisms whereby they can disperse money because they go after disaffected individuals from all over the place, and they're able to pay them.

U.S. Government has said they are now going to go after the terrorist's electronic banking system. You know what they should do? They should transfer bin Laden's funds to my bank. They'd mess up his deposits, screw up his statement and nickel and dime him to death with service charges.

Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.

Bitcoin will do to banks what email did to the postal industry.

Traditional consumer banking will come under extreme pressure as its central deposit-taking and lending functions are challenged by online savings vehicles, crowdfunding, and loan syndicating by such nontraditional competitors as insurance companies, pension and hedge funds.

None these organizations [terrorists] could continue operating without the narcotics networks, human-trafficking and oil smuggling. Addressing it requires a truly creative global response similar to that used to stand up against Germany's aggression in World War II.

Digital currency attempts to disrupt the financial industry, and it's potentially threatening to the existing financial services industry, but it doesn't have to be that way.

Rather than worrying about entities, we should worry about the trends in technology that may cause disruptions... if we get so paranoid that banking is no longer going to exist and banks are going to get disrupted, I think that is a different worry.

BitCoin is actually an exploit against network complexity. Not financial networks, or computer networks, or social networks. Networks themselves.

Our view is that consumer finance - what people think of as retail finance - that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.