Bitcoin Forum
January 23, 2018, 01:00:07 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: ET: Bitcoin can only hope to be a second-rate version of gold  (Read 536 times)
BTCIndia
Hero Member
*****
Offline Offline

Activity: 686

vini, vedi, no vici.


View Profile
November 27, 2013, 04:53:26 AM
 #1

...In truth, the best bitcoin can hope for is to be a second-rate version of gold, if that. And Warren Buffett once described gold this way: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

Read more at:
http://economictimes.indiatimes.com/tech/internet/bitcoin-can-only-hope-to-be-a-second-rate-version-of-gold/articleshow/26402327.cms

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!