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Message
re: So Warren Buffet sees no future in bitcoin...
Posted on 5/14/13 at 11:47 am to Broke
Posted on 5/14/13 at 11:47 am to Broke
quote:
Which about made me choke on my own spit.
Why?
Also, how about you post the rest of my post:
quote:
CONCRETE:
$1,000 or greater value per BTC for over 1 year
or
1% of global economy
ABSTRACT:
Ushers in a new age of decentralized currency (does not have to be bitcoin, could be a subsequent cryptocurrency)
or
Effectively marginalizes government fiat currencies
The concrete points will be easy to determine if they have been met. The abstract points will likely always be the subject of debate.
What are your standards for considering bitcoin a success?
Also, put another way: Was the original Napster a success? After all, it was short lived and it did get shut down by governments. But it was disruptive enough to change an entire industry and it led to subsequent protocols, like BitTorrent, that have now been in use for over a decade and which governments haven't been able to shut down.
and please answer the bold questions
This post was edited on 5/14/13 at 11:48 am
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