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Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by brosirmandude on Monday May 07, 2018 @11:24AM (#17013413)
It depends on your definition of productive but in my opinion it's creating wealth, companies, & jobs.

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.

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.
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by s73v3r_ on Monday May 07, 2018 @12:20PM (#17013970)
People are doing the same for the IRS scams that pop up around tax time, too.