The blockchain/crypto week in quotes

“I believe that blockchain needs to be a big part of our future. If I’m in the White House, oh boy are we going to have some fun in terms of the cryptocurrency community.” Democratic 2020 presidential candidate Andrew Yang

“There’s a popular perception that the rate limiting factor in blockchain adoption is something to do with the technology itself — like the technology isn’t scalable, it’s not fast enough, the developer tools aren’t in place. But in my experience is that’s really not the rate limiting factor at this point. It’s not even at the top of my list.

You’re going to need to reach agreement on some critical things about who is a member of the network, what’s the commercial model behind the network, what legal form does it take and how you manage that network and that software over time.” Ken Nessel, Senior Director of Business Technology, Pfizer

“Bitcoin’s blip appears to have been caused by a significant sell order placed on the Bitstamp exchange early Friday morning, which triggered selling across other exchanges, Whether this order was a deliberate dump or a fat finger error remains to be seen.

Given the positive sentiment in the market over the past few weeks, it’s likely that the price will recover soon. However, this drop is a stark reminder that cryptoassets still operate in a nascent market, which is susceptible to significant price moves by whales.” Simon Peters, analyst at eToro

“The more interaction, and willingness that people want to engage with us, the happier we are because we want this to work. We want there to be innovation in these markets. We want there to be change.” Amy Starr, Chief of the office of capital markets trends at the US Securities and Exchange Commission (SEC)

“The reason for leaving is very simple. As a technical man, I feel very sad that TRON has departed from the faith of decentralise the web”. Former CTO, Co-founder of TRON Lucien Chen

“I believe that there are use cases that makes sense today. We have yet to find them at scale in financial services. We’re experimenting heavily, we have more patents than any other financial institution in the blockchain space, but have yet to find something that makes a difference for our clients or our customer.” Catherine Bessant, Chief Technology Officer, Bank of America