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re: So Warren Buffet sees no future in bitcoin...

Posted on 5/14/13 at 11:58 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 5/14/13 at 11:58 am to
quote:

This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars


There you go. Which shows the impact of it as a "currency". It's a speculators dream. It isn't a viable currency.
Posted by gizmoflak
Member since May 2007
11668 posts
Posted on 5/14/13 at 11:59 am to
quote:

There you go. Which shows the impact of it as a "currency". It's a speculators dream. It isn't a viable currency.


so far, yes

If that % doesn't steadily drop, bitcoins will fade away IMO
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