News for hackers. Stuff that matters.

A comment on Buffett bashes Bitcoin as nonproductive, thriving on mystique. Parent comment

Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by hndamien on Monday May 07, 2018 @08:36PM (#17017772)
Compare how liquid it is to real-estate. I'd say it is pretty liquid.
[ Parent | on HN ]
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by mercutio2 on Monday May 07, 2018 @09:05PM (#17017962)
Wait, who considers real estate money?

If the answer is no one, then this doesn’t seem like an interesting point of comparison for liquidity.

[ Parent | on HN ]
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by hndamien on Tuesday May 08, 2018 @07:41AM (#17020249)
Liquidity comes in degree as does money stock. Sure, it isn't narrow money, but still relevant to your point which you so carefully misrepresent. Median confirmation time has never exceeded 29 minutes, and is around 15 minutes. Transactions are actually faster, but unconfirmed. But, go ahead, cherry pick for your point.
[ Parent | on HN ]