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Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by bberrry on Friday March 14, 2014 @11:28AM (#7399417)
Imagine if we took all technology advice from 80-year olds.
Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by dannypgh on Friday March 14, 2014 @11:34AM (#7399472)
Alan Turing would be 101 and Claude Shannon 97 if they were alive today. Our field has an ageist reputation in no small part due to comments such as yours, that think that age alone is somehow an indicator of competence.
Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by 0xdeadbeefbabe on Friday March 14, 2014 @12:08PM (#7399757)
It's not a field it's a pop-culture just as Kay said (https://www.youtube.com/watch?v=FvmTSpJU-Xc).
Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by 3am on Friday March 14, 2014 @12:05PM (#7399729)
Well, first it's financial advice, not technological advice. As other commenters have noted, BC is both a technology and a currency. Buffett is addressing the second.

Second, he runs a $300B USD financial and industrial conglomerate that he's assembled in a singular way in the span of his own lifetime. Maybe he has insights that are worth something.

Third, Kernighan is over 70. Ritchie would be, too. Knuth is 76.

I mean, I have no illusions about changing your mind, nor do I care. I just don't want anyone who is reading your comment see it go unchallenged.

Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by SirensOfTitan on Friday March 14, 2014 @11:41AM (#7399537)
He's old, so he must be out of touch. Way to make sweeping generalizations.

He's saying the same thing that Benjamin Graham would have said: Bitcoin isn't an investment, it's a speculation like art. Sure, you could make some money on it (and some have for sure), but don't delude yourself into thinking you're making a sound investment.

Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by gdubs on Friday March 14, 2014 @11:31AM (#7399452)
To be fair, he's far from your run-of-the-mill 80 year old.
Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by tzs on Friday March 14, 2014 @02:52PM (#7400961)
That wasn't technology advice.