Warren Buffett: Stay Away From Bitcoin. It's A Mirage

Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by dllthomas on Friday March 14, 2014 @12:06PM (#7399733)

I expect that's dominated by "infant mortality", because situations that cause currencies to die aren't fixed by rolling out a new currency. If that's the case, it tells us very little about the safety of well established currencies.

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Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by atom-morgan on Friday March 14, 2014 @12:22PM (#7399867)

They aren't fixed by rolling out a new currency if they're just repeating the previous process (printing money aka inflation, backed by nothing, etc).

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Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by dllthomas on Friday March 14, 2014 @12:40PM (#7400019)

Sure, but the ones rolling out a new currency here are bitcoin, which fixes only some of the issues.

Incidentally "printing money" is not "aka inflation" - it causes inflation if the money supply grows faster than demand for the money but they are different things.

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