Re:Buffett bashes Bitcoin as nonproductive, thriving on myst...
by bena on Monday May 07, 2018 @11:38AM
(#17013570)
That's a rather low bar.
Scamming people can also put food on your table. Stealing can put food on your table. Neither is particularly productive.
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst...
by kolbe on Monday May 07, 2018 @11:56AM
(#17013751)
But then we get to hire policemen and prison wardens!
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst...
by blueline on Monday May 07, 2018 @11:43AM
(#17013626)
> it's creating wealth, companies, & jobs
based 100% on people trying to make a quick buck, and not based on solving a problem virtually anyone actually has.
by this bar, Dutch tulips in the 1600s were also extremely productive
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst...
by kolbe on Monday May 07, 2018 @11:58AM
(#17013775)
It's fine that you have that definition. And certainly I can understand why you want the words to mean that. But that's just not what a 'productive asset' is. You can have your own language, and that's cool, but creating your own definitions to invalidate someone else's use of that word is just ridiculous.
People are going into work every day to work on crypto-related products. Bitcoin & other cryptocurrencies are putting food on the table for those people.