Sam Patterson on Bitcoin:
It’s not just a digital currency; bitcoin is a new Internet protocol that allows value to be transferred electronically without trusting third parties or centralized institutions.
For the first time since the digital age began, you can now make an electronic transaction without trusting in central banks, traditional banks, the regulatory apparatus of nation-states and the payment processors that are bound by them. A technological innovation so profound is certain to have a bright future.
Read more here.