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Triple
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October 26, 2015, 08:27:19 PM |
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He was right to a certain extent, but he failed to realize that comparing bitcoin to checks isn't valid, since bitcoin is limited in it's number.
If there were magical checks that complete transfer of money as fast as bitcoin, and if they were capped at 21 million as well, they as well would have value to them.
This W.B. has no logical thinking to his head, i'm surprised he even achieved anything in his life.
You can't say the great Warren Buffet has no logical thinking. He got to where he is today BECAUSE of his thinking. He's a great man with great views. Don't judge him just because his views on BTC differ from yours. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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mirana12345
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October 26, 2015, 08:39:27 PM |
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He was right to a certain extent, but he failed to realize that comparing bitcoin to checks isn't valid, since bitcoin is limited in it's number.
If there were magical checks that complete transfer of money as fast as bitcoin, and if they were capped at 21 million as well, they as well would have value to them.
This W.B. has no logical thinking to his head, i'm surprised he even achieved anything in his life.
You can't say the great Warren Buffet has no logical thinking. He got to where he is today BECAUSE of his thinking. He's a great man with great views. Don't judge him just because his views on BTC differ from yours. He got to where he is today because his father already owned a brokerage. If he was an average Joe, he would be still washing cars probably. The only reason he (and his alikes) is talking bad about bitcoin is because it's something that he obviously doesn't understand. Also, he is protecting his fiat and stock assets by doing so. People should always question those in power, w/o that there is no progress to be made. |
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Mickeyb
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October 26, 2015, 08:47:46 PM |
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Great LiteCoinGuy, thanks for this!  I will be sharing this everywhere! |
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Yerm
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October 26, 2015, 09:40:51 PM |
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i see these types of quotes fairly often  . almost every good idea or invention has had people that don't support them and shut them down, yet they still rise and im sure bitcoin will too. |
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NorrisK
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Activity: 1946
Merit: 1007
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October 26, 2015, 09:50:11 PM |
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Awesome post! Just shows again that new technology does not always seem that useful to the masses at first, but prove to be absolutely neccesairy only a couple of decades later.
I have no doubt bitcoin / blockchain will be used to base the new money / transaction systems on.
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nutildah
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Merit: 7984
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October 26, 2015, 09:52:35 PM |
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You can cherry pick quotes to make anyone look like a hero or moron.
This. All OP is doing is advertising for a known Monero shill, American Pegasus. Why he would want to do this is beyond me. |
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christycalhoun
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October 26, 2015, 10:01:15 PM |
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He was right to a certain extent, but he failed to realize that comparing bitcoin to checks isn't valid, since bitcoin is limited in it's number.
If there were magical checks that complete transfer of money as fast as bitcoin, and if they were capped at 21 million as well, they as well would have value to them.
This W.B. has no logical thinking to his head, i'm surprised he even achieved anything in his life.
You can't say the great Warren Buffet has no logical thinking. He got to where he is today BECAUSE of his thinking. He's a great man with great views. Don't judge him just because his views on BTC differ from yours. He got to where he is today because his father already owned a brokerage. If he was an average Joe, he would be still washing cars probably. The only reason he (and his alikes) is talking bad about bitcoin is because it's something that he obviously doesn't understand. Also, he is protecting his fiat and stock assets by doing so. People should always question those in power, w/o that there is no progress to be made. You are right. These old fart billionaires only talk smack about bitcoin because they want to protect their own investments. |
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disclaimer201
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October 26, 2015, 10:28:54 PM |
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"The idea it has some huge intrinsic value is just a joke in my view." For everyone doubting Bitcoin or who assumes it isn't going to go anywhere, may I kindly cross-quote this youtube video taken from another thread featuring Bitcoin girl! She will help you - and Warren - make a more well founded decision - do your research or shut up about Bitcoin (including Warren). https://www.youtube.com/watch?v=AXH3GOuOGuI |
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Triple
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October 26, 2015, 11:02:22 PM |
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He was right to a certain extent, but he failed to realize that comparing bitcoin to checks isn't valid, since bitcoin is limited in it's number.
If there were magical checks that complete transfer of money as fast as bitcoin, and if they were capped at 21 million as well, they as well would have value to them.
This W.B. has no logical thinking to his head, i'm surprised he even achieved anything in his life.
You can't say the great Warren Buffet has no logical thinking. He got to where he is today BECAUSE of his thinking. He's a great man with great views. Don't judge him just because his views on BTC differ from yours. He got to where he is today because his father already owned a brokerage. If he was an average Joe, he would be still washing cars probably. The only reason he (and his alikes) is talking bad about bitcoin is because it's something that he obviously doesn't understand. Also, he is protecting his fiat and stock assets by doing so. People should always question those in power, w/o that there is no progress to be made. They're not necessarily protecting their assets. If they truly believe in the coin, they could easily use their billions to invest in the coin and make more profit because of it. And yes some of Buffet's money is inherited but it's his stock investment desioisn that made him more money and the man that he is today. |
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1990BEARS
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October 27, 2015, 03:44:53 AM |
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I predicted this thread to be about ltc and btc because of ur username lol
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avatar_kiyoshi
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October 27, 2015, 03:59:26 AM |
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No one know the future, no one know bitcoin in the future, but everyone believe in bitcoin(including me).
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Cereberus
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Merit: 1000
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October 27, 2015, 04:47:30 AM |
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From the video "How to be a Bitcoin Hater"  Thanks for the video disclaimer201 Assume that people who like bitcoin think they are better than you... no, assume that people who own bitcoin do it to be better than you . So bitcoin users have a superiority complex towards others that don't use it?  |
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Bitcoininspace
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October 27, 2015, 04:49:10 AM |
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You could've added about electricity as well, didn't everyone say "omg that's just a nasty way to accidentally kill yourself with it" and "no one will have any use of that magic shit". Look where we are now. |
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