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Message
re: Warren Buffett says he wouldn't pay $25 for all the bitcoin in the world
Posted on 4/30/22 at 7:20 pm to bad93ex
Posted on 4/30/22 at 7:20 pm to bad93ex
quote:
Warren Buffett is a little overrated
If there ever a more asinine thing said on here, I’ve not heard it.
Warren Buffet is anything but overrated.
2
Posted on 4/30/22 at 7:21 pm to Obtuse1
quote:
BTC has an identity crisis, is it a currency or is it an investment
No it doesn't. It's a store of value. That's it
Posted on 4/30/22 at 7:24 pm to rickgrimes
quote:
"In my life, I try and avoid things that are stupid, evil, and make me look bad in comparison to someone else," Munger said. "Bitcoin does all three."
Regardless of how one feels about Bitcoin, this is an unbelievably amazing quote.
Posted on 4/30/22 at 7:24 pm to Obtuse1
quote:
BTC has an identity crisis, is it a currency or is it an investment?
What if I told you in addition to being both a currency and a store of value, it also simlultaiously operates in other aspects.
People keep trying to put Crypto in a box. Stop. We broke the box.
Posted on 4/30/22 at 7:27 pm to rickgrimes
In contrast, Buffett said he would buy a portion of the country's farmland, or some of the nation's apartments.
What a shock. He'd rather enslave a society than own crypto
What a shock. He'd rather enslave a society than own crypto
Posted on 4/30/22 at 7:29 pm to rickgrimes
Coin Mining sites are popping up all over TX and NE.
Posted on 4/30/22 at 7:29 pm to upgrayedd
quote:
In contrast, Buffett said he would buy a portion of the country's farmland, or some of the nation's apartments. What a shock. He'd rather enslave a society than own crypto
Right, he’s probably like to control the water supply as well. Talk about evil, “if I don’t get the right price you can starve and live in the streets”
Posted on 4/30/22 at 7:36 pm to JayDeerTay84
quote:
People keep trying to put Crypto in a box. Stop. We broke the box.
Hey man do you want to buy a drawing of a silly cat with a sailor hat on? $200 usd no crypto.
Posted on 4/30/22 at 7:36 pm to rickgrimes
quote:
He reiterated his view that bitcoin isn't worth anything because it doesn't produce anything,
Isn’t that any currency? You can trade currencies just like bitcoin. It’s a medium of exchange
Posted on 4/30/22 at 7:44 pm to JayDeerTay84
quote:
What if I told you in addition to being both a currency and a store of value, it also simlultaiously operates in other aspects.
People keep trying to put Crypto in a box. Stop. We broke the box.
I am open to education. Please, continue.
Posted on 4/30/22 at 7:50 pm to Obtuse1
No it doesn't. BTC is just BTC. It is a storage of wealth that hedges inflation. It is no different than gold.
Posted on 4/30/22 at 7:50 pm to Obtuse1
Blockchain. The mining proves transactions on blockchain. It’s real and will continue to take over
Posted on 4/30/22 at 7:50 pm to Ponchy Tiger
quote:What a take
You can laugh at him but he isn't wrong. Sure you can make money off it but sooner or later someone will be left holding the bag that will be totally worthless. The thing about investing in real physical stuff is that even if it does crash it will bounce back at some point bitcoin won't.
Posted on 4/30/22 at 7:51 pm to Obtuse1
quote:and you just described literally any item that is considered an investment. Gold, real estate, stocks, collectibles…anyone buying those today and hoping some moron in the future will pay them more for it.
The upward trajectory depends on other morons being willing to pay more for it than you paid.
Posted on 4/30/22 at 7:58 pm to dandan
quote:
Blockchain. The mining proves transactions on blockchain. It’s real and will continue to take over
Blockchain is just a tool that facilitates crypto. It could exist without crypto ever existing.
Posted on 4/30/22 at 8:04 pm to TigerTatorTots
My entire retirement account is a stamp collection.
Posted on 4/30/22 at 8:05 pm to Scruffy
quote:
Buffett is trying to describe it as something it isn’t. Bitcoin isn’t going to “produce” anything.
He’s talking about everybody speculating on it, not those if they exist trying to actually use it as a currency
Posted on 4/30/22 at 8:05 pm to Ponchy Tiger
quote:
You can laugh at him but he isn't wrong. Sure you can make money off it but sooner or later someone will be left holding the bag that will be totally worthless. The thing about investing in real physical stuff is that even if it does crash it will bounce back at some point bitcoin won't.
This can be completely true and his statement still ridiculous.
Posted on 4/30/22 at 8:09 pm to rickgrimes
He's right.
Posted on 4/30/22 at 8:10 pm to Obtuse1
quote:
Blockchain is just a tool that facilitates crypto. It could exist without crypto ever existing.
No it wouldn't as the entire concept of decentralization is built on a trustless network which requires incentive. That is the value.
Blockchain basically took the entire financial system and made it open source.
Open your mind. Its a big world baw.
This post was edited on 4/30/22 at 8:15 pm
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