infofront
Legendary
*
Offline Offline

Activity: 1694
Merit: 1755


Shitcoin Minimalist


View Profile Personal Message (Offline)

Ignore
January 25, 2019, 05:58:32 AM

I could never figure why Warren Buffet is so comfortable with big government, giant QE programs that are unable to unwind and the general threat to the economy (and so the people) from excessive debts.    So I guess I cant be surprised he is dead against BTC but being all in favour of a cotton note that costs more to make then nominated value written on it.   Thats a good analogy for the inefficiency of government in general but he can see no advantages or advancements in the blockchain network.

I think they both great on evaluating company value and markets to some extent but neither is qualified to dismiss all alternatives to debt based money.   They have a strong bias in benefiting from the status quo, thats all I have to assume leads them to such a strong conclusion

He makes his money off of the status quo. He sees Bitcoin as a threat to his empire.