Re:Bitcoin backlash as ‘miners’ stress power grids in Centra...
by kadenshep on Sunday May 27, 2018 @01:09PM
(#17167869)
Is there a source for this quote? I'm having trouble finding it.
Re:Bitcoin backlash as ‘miners’ stress power grids in Centra...
by andirk on Sunday May 27, 2018 @02:11PM
(#17168212)
Is there a basis to this claim that Bitcoin is a lie?
Re:Bitcoin backlash as ‘miners’ stress power grids in Centra...
by hourislate on Sunday May 27, 2018 @07:39PM
(#17169784)
Is there a basis to the claim that it isn't? At this time it's anyone's guess. Bill Gates and Warren Buffet along with a handful of others seem to think it is, who am I to disagree with them. I'm indifferent since I don't have a dog in the fight.
Re:Bitcoin backlash as ‘miners’ stress power grids in Centra...
by andirk on Monday May 28, 2018 @05:22PM
(#17174916)
Bill Gates Oct 2014: "Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." And financial transactions will eventually “be digital, universal and almost free.” https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-...
Bill Gates May 2018: "I would short bitcoin if I could." <-- He can. He didn't bother to look into it though.
Elon Musk also said on stage that Bitcoin is mainly for illegal use. Based on what? https://youtu.be/7WMJs1v63C0?t=2m50s
He barely knows anything about crypto, and neither do these other guys, and they talk like they do. They DO have a horse in this race, and it's clearly in fiat USD. They're not omniscient and neither are we, so let's keep our eyes and ears open.
George Soros said it best, " All of financial history is one lie and deceit after another, your job as a speculator is to get on the lie while it is being propagated and get off before everyone finds out".
I feel like a lot of folks are going to get burned but what do I know? I could be full of shit....