[2014-03-26] Marc Andreessen Calls Warren Buffett Old White Man at Coinsummit

[Ripdon007]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

[1715088938]

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[1715088938]

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[CoinMode]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

You mean "old kook", not gook.

>Gook is a derogatory term for Asians which came to prominence in reference to enemy soldiers.

[ArticMine]

I feel there is a very good chance that 1 BTC will buy 1 share of Berkshire Hathaway Inc. (BRK-A) before Warren Buffett dies.

[howardb]

I feel there is a very good chance that 1 BTC will buy 1 share of Berkshire Hathaway Inc. (BRK-A) before Warren Buffett dies.

And I would bet that even then BTC owners would not part with their BTC for BRK-A

[aigeezer]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo  

I disagree - strongly. Calling people names is never a good way to advance your argument. The facts that Buffett is old and is white are completely irrelevant to the merits of his position on BTC.

Disclosure: I am old and white and I hold BTC and I do not hold any BRK.A.

Disclosure: I am still smarting from following Marc's a long-ago suggestion (Edit: not Marc's suggestion - sorry!) that buying one of the just-announced BFL ASICs would be a good idea. I got one of the highly-coveted first-month orders in - the rest is history.

Disclosure: I'm not bitter though.      

[Lethn]

old white men crapping on new technology they don’t understand

LOL has he been reading some of my posts?

[LiteCoinGuy]

http://www.myvidster.com/video/22688170/Video_Andreessen_calls_bitcoin_bulletproof_has_words_for_Buffe

[Ripdon007]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

You mean "old kook", not gook.

>Gook is a derogatory term for Asians which came to prominence in reference to enemy soldiers.

Kook** lol you're right

[Ripdon007]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

I disagree - strongly. Calling people names is never a good way to advance your argument. The facts that Buffett is old and is white are completely irrelevant to the merits of his position on BTC.

Disclosure: I am old and white and I hold BTC and I do not hold any BRK.A.

Disclosure: I am still smarting from following Marc's long-ago suggestion that buying one of the just-announced BFL ASICs would be a good idea. I got one of the highly-coveted first-month orders in - the rest is history.

Disclosure: I'm not bitter though.       

I'm sure it was all in a harmless fun

[westkybitcoins]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

I disagree - strongly. Calling people names is never a good way to advance your argument.

True.

The facts that Buffett is old and is white are completely irrelevant to the merits of his position on BTC.

Hmm, I don't fully agree.

The fact that he's white is irrelevant. Apparently, that's just become the "cool" way to slam overly-conservative mindsets. Slam them as "white." The hypocrisy in casually tossing around the remark should be obvious.

But unfortunately, his age is relevant. Of course not all old people hate, or don't know enough about bitcoin, or other modern technology. But it's pretty well established for most people that older folks, in general, don't understand technology, and tend to disparage it accordingly.

I tend to believe that older people could learn technology just as well as younger people, but rather that most choose not to consider it important or to spend time familiarizing themselves with it. The *why* isn't that important; if it's true that that's the tendency of older generations, then it makes sense to suspect and scrutinize (not outright dismiss) their opinions when they disparage new tech. Probably not the best way for Marc to have made his point, but I do feel Buffett's age is relevant in this particular case.

[aigeezer]

https://coinreport.net/marc-andreessen-warren-buffett/


way ta put that old gook in his place!! bravo 

I disagree - strongly. Calling people names is never a good way to advance your argument.

True.

The facts that Buffett is old and is white are completely irrelevant to the merits of his position on BTC.

Hmm, I don't fully agree.

The fact that he's white is irrelevant. Apparently, that's just become the "cool" way to slam overly-conservative mindsets. Slam them as "white." The hypocrisy in casually tossing around the remark should be obvious.

But unfortunately, his age is relevant. Of course not all old people hate, or don't know enough about bitcoin, or other modern technology. But it's pretty well established for most people that older folks, in general, don't understand technology, and tend to disparage it accordingly.

I tend to believe that older people could learn technology just as well as younger people, but rather that most choose not to consider it important or to spend time familiarizing themselves with it. The *why* isn't that important; if it's true that that's the tendency of older generations, then it makes sense to suspect and scrutinize (not outright dismiss) their opinions when they disparage new tech. Probably not the best way for Marc to have made his point, but I do feel Buffett's age is relevant in this particular case.

His age is not relevant as a causal variable. His mindset is. He has a huge vested interest in the status quo. Not every old person does - Buffetts are relatively rare in any generation, but their mindset is found in every generation (think Zuckerberg). Young people tend not to have vested interests (yet), although some do (think BTC foundation, for example). The "vested interest" argument is a more useful predictor of behaviour than the generational argument. Making assumptions about all people in a particular demographic based on averages is an unwise strategy. Consider the apocryphal statistician who drowned in a river that had an average depth of one foot. Turning BTC progress into a generational conflict is unwise. You will discover in time that each generation has its share of Luddites. I learned all this the hard way - my generation was going to change the world back in the '60s - it turned out that our generation had the same mix of pro/anti change people as any other generation - we just didn't realize it until much later.

At another level - name-calling is what BTC's opponents do when they have no valid arguments. Our side needn't and shouldn't do it. It squanders credibility for no significant gain.

[Peter R]

His age is not relevant as a causal variable. His mindset is. He has a huge vested interest in the status quo. Not every old person does - Buffetts are relatively rare in any generation, but their mindset is found in every generation (think Zuckerberg). Young people tend not to have vested interests (yet), although some do (think BTC foundation, for example). The "vested interest" argument is a more useful predictor of behaviour than the generational argument. Making assumptions about all people in a particular demographic based on averages is an unwise strategy. Consider the apocryphal statistician who drowned in a river that had an average depth of one foot. Turning BTC progress into a generational conflict is unwise. You will discover in time that each generation has its share of Luddites. I learned all this the hard way - my generation was going to change the world back in the '60s - it turned out that our generation had the same mix of pro/anti change people as any other generation - we just didn't realize it until much later.

At another level - name-calling is what BTC's opponents do when they have no valid arguments. Our side needn't and shouldn't do it. It squanders credibility for no significant gain.

Great post aigeezer.  I've missed reading your insightful commentary--haven't see you here in a while. 

[aigeezer]

Great post aigeezer.  I've missed reading your insightful commentary--haven't see you here in a while. 

Aw, shucks. Thanks for that. I've been lurking - just never had anything to say.

Jumping on this handy soapbox to beat the generational drum one more time - I see the (young) Oculus team has just sold out to the (young) Facebook team. I am crushed, as I really really wanted to buy an Oculus Rift the moment they came out - not so much now. Anyway, I don't think the youth of the players had anything to do with the transaction - it just makes a useful counter-example to the Buffett theme. Morality, vision, integrity, and the like are not reliable generational attributes, despite any statistically significant patterns. If I were Buffett, I would fight BTC tooth and nail. If I were Zuckerberg, I would make a play to get Oculus. Ah, but if you or I were Oculus - would we sell out to Facebook? There's the rub!

 

[TraderTimm]

Great post aigeezer.  I've missed reading your insightful commentary--haven't see you here in a while.  

Aw, shucks. Thanks for that. I've been lurking - just never had anything to say.

Jumping on this handy soapbox to beat the generational drum one more time - I see the (young) Oculus team has just sold out to the (young) facebook team. I am crushed, as I really really wanted to buy an Oculus Rift the moment they came out - not so much now. Anyway, I don't think the youth of the players had anything to do with the transaction - it just makes a useful counter-example to the Buffett theme. Morality, vision, integrity, and the like are not reliable generational attributes, despite any statistically significant patterns. If I were Buffett, I would fight BTC tooth and nail. If I were zuckerberg, I would make a play to get Oculus. Ah, but if you or I were Oculus - would we sell out to facebook? There's the rub!

 

The oculus buy depressed me too. Its now going to be used to monetize and collect data, I don't care what the founders say - that is the agenda of Facebook, so it will become their agenda too, over time. As far as age, I can see where that had an impact. If you don't have much life or business experience, someone dangling a payday might seem like a good idea in the short term.

However, the question they should've asked themselves was "If Facebook wants to buy us for that much, doesn't that mean we're worth much more to be a worthwhile acquisition?".

But they didn't, and now one of the largest "sellouts" is history.