[2018-05-12] ‘Bitcoin is a Reaction to Warren Buffet and His Crony Capitalists’

[BitcoinArsenal]

Max Keiser delivered a scathing rebuttal to Warren Buffett and Charlie Munger May 10 after the Berkshire Hathaway moguls compared Bitcoin to “rat poison” and “baby brains.”
Full article on Bitcoinist

[richardsNY]

It's quite interesting seeing how Bitcoiners stand up against the old elite, but it's actually nothing more than a waste of time. These people aren't interested in anything related to Bitcoin, but just look to troll with the gamblers in this market, and it works. They are right, the majority of the people invest with the only intention of selling higher, which is all fine since no one is forced to actually use or like Bitcoin in any other ways. Best thing to do is to not grant these oldies any attention, because they simply don't deserve it. It's like free publicity for them. Everyone going publicly against them do more harm than good -- let everyone talk as much trash as they want, why should we bother to respond? Bitcoin will respond with progress and that's enough....

[bbc.reporter]

I wish to see a combined 10 trillion marketcap for the whole cryptospace and a global financial crash on mainstream investments like stocks, bonds and commodities, followed by a 10 year bear market.

I reckon that would surely make them change their statements on the cryptospace because those hypocrites love nothing else but profit. They would probably start saying dogecoins are a good investment, buy some hehehe.

[CryptoBry]

Bad publicity is still a publicity and eventually as more and more people will get exposed to Bitcoin the field wills tart to level off so that soon people will not anymore be listening too much to people like Buffet who up to now has no desire to know more about Bitcoin or even blockchain. People like Buffet have to be respected because they already achieved so much but they have to learn that Bitcoin is not on their range and is not their time anymore.  There was one story that Buffet rejected Facebook ll because he was not then convinced that it can one day be successful...in other words Buffet is not a god that is always right.

[thefaucetrunner]

The philosophical underpinnings of Bitcoin are diametrically opposed to precisely the type of big government that people like Warren Buffett support... he has said that he wants to be taxed even more than he already is.

[jjacob]

Max Keiser delivered a scathing rebuttal to Warren Buffett and Charlie Munger May 10 after the Berkshire Hathaway moguls compared Bitcoin to “rat poison” and “baby brains.”
Full article on Bitcoinist

When Warren Buffett talks against Bitcoin, it makes news. All these rebuttals are hardly heard outside the crypto community. They are a waste of time. People who follow Buffett's old school thoughts would never come close to investing in Bitcoin anyway.

[veleten]

Max Keiser delivered a scathing rebuttal to Warren Buffett and Charlie Munger May 10 after the Berkshire Hathaway moguls compared Bitcoin to “rat poison” and “baby brains.”
Full article on Bitcoinist

When Warren Buffett talks against Bitcoin, it makes news. All these rebuttals are hardly heard outside the crypto community. They are a waste of time. People who follow Buffett's old school thoughts would never come close to investing in Bitcoin anyway.

Max Keiser is a media person and quite a big player himself,not worth as much as Buffet,of course
but I think his bitcoin investment early on paid off big time and his stash is solid
and I strongly disagree with the statement that people who follow Buffet's thoughts would never come close to investing in bitcoin
as soon as there is a stable,guaranteed price growth and profit around 200-500% yearly,any reasonable investor,heck any person with a brain
will invest,there are simply no other options to get that much of a return,bar drugs and trafficking