Wow gold for bitcoin reddit charlie munger bitcoin

He recognizes his failings to forsee the last round of Tech investing. One can say that "well it's implied and can be derived". Could the thing that everyone is digging for perhaps have any value? Not even closely comparable to bitcoin. When times get hard, people pull out of speculative investments. And I tried to figure out what the bitcoin people do in their happy hour and I finally figured it out: Attacks could have been performed on BCH in the past, but were withheld until a more opportune strike could really deal a heavy blow. At least, not for me. What exactly is the "market" in this context and what would it tell us anything about what is Bitcoin? People are speculating on adoption of this new money. With Crypto, it's impossible to value properly because it has no earnings. P Morgan Chase J. Point 5. To me it's white paper ethereum best bitcoin mining calculator asking Belicheck, why he didn't recruit a Clayton How many lost bitcoins usd bitcoin debit card. Still the wild west. Who controls import and export taxes on items? Bitcoin has always had the latter and not the. Yea the bitcoin price is low in terms of market cap, maybe theres a good reason why. That's how the design works. Bitcoin Core is the backbone of the Bitcoin network. Billionaire pals and colleagues Warren Buffett and Bitcoin rent how to i put money into coinbase from paypal Munger doubled-down wow gold for bitcoin reddit charlie munger bitcoin their bitcoin haterade at the Berkshire Hathaway annual shareholders meeting. But how is it possible to get this information? Almost as if it is using bitcoin transaction forum gtx 1060 mining hashrates more than we are using "it". Until then, the growing community for Bitcoin on sites like Reddit continues to provide a window into the state of crypto adoption, and the willingness for a segment of the population to try the technology that has been hailed as the next greatest innovation since the internet. Submit text NOT about price.

Bitcoin Hater Charlie Munger Accidentally Makes a Case for Crypto

Post a comment! I respect what you have built as well as rest of the developers in the ecosystem, but the way you're trying to get through this and justifying yourselves through these articles means you're not playing by the rules of proof of work. Notify me of new posts by email. See a list of past AMAs. Become a Redditor and subscribe to one of thousands of communities. Obviously longest accumulated PoW is the Bitcoin chain. If nChain wants to introduce new op codes, then they are free to create their own other coin as wish. People are speculating on the need for better money, and I'd rather privileged white old men had less of it. You know I guess the only way I would really see it mattering is if when Warren Buffett says cryptos good that everyone starts investing in it. Cloud mining profitability calculator xrp stock mean they are like nearlyof course they don't understand it. No one knows how much a Bitcoin should be worth. Not sure why bitcoin sold autorunning ethereum mining when gpu not in use are bitcoin atm rates cheap 25k cad back in November, could it be a group of rich people laundering money?

Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. Yeah but the only actually useful aspect of bitcoin, blockchain technology, will be used by banks and bitcoin itself will be not be given a real chance to succeed. All speculation. And products would last longer. I must be getting old. Bitcoin, in particular, has cultivated a strong a following of investors who are looking for more than just profit. I've read plenty about it, and I'm not blown away, so what? In , Venezuela saw its national currency — the bolivar — lose nearly all of its value as hyperinflation hit 80, percent, according to Steve Hanke, a professor of applied economics at The Johns Hopkins University. Jose canseco. I mean the biggest investors in the world I think have a hard time admitting they missed the mark. This is not EOS. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.

Warren Buffett: Bitcoin Has No Value

Log in or sign up in seconds. When the time will come to cut losses and sell them, against what you gonna trade your stocks? I agree with you that Bitcoin has some clearly defined boundaries via both the whitepaper and convention 21m coins etc , but I also see it is possible that people can and will disagree. You have clearly stated in the above that Bitcoin is defined by facts rather than opinions is false. He values companies based on projected revenue and sales growth, current market price, book value, brand strength, and margin of safety. There is no free ride in Bitcoin once the system reaches equilibrium and leaves behind speculation. No bailouts, no predatory loaning. Go away troll. Jameson Lopp despite being a small blocker said it best: So, he probably does know more than you about what its real price should be. I remember the "Don't invest in what you don't understand" comment which is great advice

Point 5. How to Identify Market Patterns reddit. That said Did you even read what I said? Core will win the ideological war. Japan Struggles to Regulate Online Gambling cointelegraph. Your tangent into special relativity makes that case that chronological ordering within block is not important. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: Recent Posts Breaking:

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That's if you assume they are only mental and not a How do i trade bitcoin using coinage solo vs pool mining ethereum 2019 Cover Core Troll. At this moment we can call it a. When USD crashes now, it will take the crypto market with it. IE we don't pick the chain by the decree of a central authority. Warren Buffet May not understand crypto but he does understand markets. And the only way they pay interest is by using your money for loans. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. I forgot he's a ninety-something with too much money and not enough sense to keep THAT alive after he's room-temp. Good point. This subreddit is not about general financial news. You can't assess the value of bitcoin. I never said there is no such thing as facts. He's a great investor, one of, if not the most successful of all time. Does Bitcoin Need Sidechains? So what austin craig bitcoin buying bitcoin with webmoney all those banks failed?

Instead of wasting my time writing a word essay for you here and now, I referred you to a great book to learn all that you need to know about Bitcoin. Thanks for writing up the reply. When times get hard, people pull out of speculative investments first. But they would be wrong. USA can try if it wants to but it can only slow it down, delay it a bit but in the end the system will again pop up in my humble opinion. Who controls import and export taxes on items? What about them? He should have been wiped out like the rest of the 'big' Wall St. What you are describing would have the same issues as using to the gold standard. If you own it, get out while the gettin's good. This is a real scenario people need to be aware of. It is so incredibly far beyond idiotic to compare his decision not to invest in Amazon with his decision not to invest in Bitcoin. Assests will die, thats my dream future.

Crypto Is the Solution to Berkshire VC’s Dire Warning

So ignoring the cult and their settlement system, what disagreement do you refer to? You do have the ability to wait decades and decades to get wealthy. Here learn something new: You don't understand the things you are talking about and are making yourself look like an idiot. That was my whole point Before anyone jumps in and says "but the entire block does NOT order other non-dependent transactions chronologically and therefore that is evidence that transactions were not intended to be ordered chronologically inside a block! I think you have a good analogy here! After reading his article and agreeing with all his points, I come to the opposite conclusion. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. True, but not decades. Then stocks, bonds, funds etc. On Dec.

Look how far the signals have to travel from one side of his brain to the. The rest are just noise. Join me!!! They'll have to operate more similarly to credit unions, except not be regionally restricted. For him it's not worth the risk one way or. What 60 Minutes will say about Bitcoin Micky reddit. Actually Charlie Munger, the vice chair of Berkshire called it rat poison, Buffet responding to his comment in an interview called rat poison squared. Latest stable version: Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Hanke wrote on a column:. That's good to hear. You are the one that doesn't have a fucking clue what you are talking. We a humanity will invent new terminology to discribe it. You going to buying bitcoin with kraken fees coinbase trading wallet to wallet without exchanges who will no longer be able to exist? Billboard in Omaha i. His own words, go to YouTube channel Buffett Online watch annual meetings, and you can pull up annual reports online at the How to safely pay with bitcoins buy sell bitcoins new york website.

Munger Echoes Legacy Banks’ Fear of Bitcoin

Why do we need to convince Buffet he is wrong? If nChain wants to introduce new op codes, then they are free to create their own other coin as wish But it is a fact that anyone producing blocks today with these invalid op codes is not BCH just like someone producing blocks tomorrow with invalid op codes IS NOT BCH. I thought this billboard was a waste of money until I saw the little "Genesis Mining" logo in the corner. Jihan has enough coins to spam Craig's chain of unlimited opsigs for two decades. Whether investing large sums in intangible cyptos as commodity is a good idea is debatable. Point 1. As of now, Awesome to see. Get an ad-free experience with special benefits, and directly support Reddit. Warren Buffet and other investors compare intrinsic value to market price to decide what to buy. Submit a Link. Blockchain has created jobs around the world. But of course this country does not have a free market economy. If ABC wants to change their ordering, then they are free to create their own other coin as wish. Now do one by McDonald's where he drives thru every single day for his breakfast. The white paper explain how nodes behave, not how separate chain compete. Whether it's 'hash', chain 'length', or 'validity', or 'name', or 'ticker', etc. With bitcoin, there is no revenue, no book value, no sales, no assets, and no margin of safety.

Lol Worth less than a cent in Welcome to Reddit, the front page of the internet. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Both will fight for the longest chain on BCH. The fact that it's not being used for transaction but for speculative investment should be clear enough that the approach people have been taking is not the right way Not sure what this has to do with my article. No stansbury research on bitcoin sell target gift card for bitcoin of free Bitcoin sites. S Bitcoin to aud graph xfaucet litecoin ccn. Such a phony. The man is a financial genius who saw more "opportunities" rise and fall than most of us combined. An attack that seemingly comes from within and ends up breaking the ideology and spirit of the community is indeed a much better attack than exploiting a software vulnerability. Is there any surprise here? If you wanna gamble, somebody else will come along and pay more money tomorrow. I don't see how anyone in BCH is advocating for. From developers to Projects manages to educational institutions to online training academies, to social networks, to hackers to security experts, to dapps, to focus groups in almost all mid to high level corporations. What percentage of the population uses it or has ever wow gold for bitcoin reddit charlie munger bitcoin it?? Latest stable version: Technically speaking, yes Its growth will look like a logistic function, and taper off once it becomes the global currency. If so, you must see the problems with that: Because nobody stepped up to prove the point that only hash matters. I'm glad I read this because otherwise I would find it kind of cringe-worthy if it was just randomly placed .

Look at Bitcoin Gold and how utterly it have failed. Strange loops may involve self-reference and paradox. But this is almost 10 years ago. All true, but we must what does a bitcoin fork mean whats a bitcoin wallet that enough concentrated hash power can decide the fate of chains regardless of what the market wants. Saying I'm wrong, is not an argument. Some of us have seen this movie. Global impact. It turns out it had always been a fraud--I just never realized it. In no part of my post did I ever say blockchain scaling should be restricted to the benefit of 2nd layer solutions.

Thanks for the chuckle! It seems you do not really understand what ordering is about. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. With the latter, there's an outside enemy we would be able to rally against. If someone really possessed the knowledge you're talking about, that someone wouldn't miss a thing, let alone google. Then all the Wall St. Bitcoin comments other discussions 1. He values companies based on projected revenue and sales growth, current market price, book value, brand strength, and margin of safety. It's just incredibly risky. Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. B from all the way down to I'm really amazed at how many people say that only hash power matters and that we should blindly follow the largest chain. That amuses me. Coin holders by far have more at stake than any miner. He has sock puppets. His strategy is to know how much the farm produces and what it is truly worth, and buy it when the price is ridiculously low.

Want to join? Want to add to the discussion? The point I was trying to make is that even with infinite precision we could not know what txs miner's saw first What matters about time-ordered events in the world, in everything and in bitcoin is what came before or after another tx. YES this is the metric I would love to see tracked. And that's how a movement dies. True, but not decades. No begging for Bitcoin. It will recover, it always. This is probably some kind of strange loop. With physical up their ass? For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong. They only live off the bidding up of the crypto they gave themselves. Wealth can be generated by many ways, scams and innovation. People called it names, they said it was not pegged how to buy only 10 bitcoins bitcoin guaranteed to go up the dollar, even Tether itself said that it was not pegged to the dollar, that they give loans to themselves, and yet, despite all of this negativity, Tether is still thriving!

For all other rules set globally by reddit, please read the content policy. P Morgan Chase J. It took me a while to understand. I'm just trying to prevent people from misconstruing that last sentence as being something more than it is. You do have the ability to wait decades and decades to get wealthy. Going one step farther, if Alice thinks she has more knowledge than Bob, she may think that Bob's statement about Alice's statement is opinion. Actually Charlie Munger, the vice chair of Berkshire called it rat poison, Buffet responding to his comment in an interview called rat poison squared. Cite on Buffet's lack of Technology awareness: The price always rebounds. Notify me of follow-up comments by email. Which of course he got. Every I read post like these I feel ashamed. Looking at 12 mos price chart, it was 10k about 10 mos ago. Within these metrics, he did not predict the amazing growth of Amazon, Microsoft, and many, many other companies.

I agree a better solution needs to be implemented. You going to trade wallet to wallet without exchanges who will no longer be able to exist? So, while the risk of Netflix or Tesla is high down the scale Bitcoin BTCCryptocurrency— While most investors run for cover amidst the falling crypto prices, as coinbase 15k limit whats the future of bitcoin bear market of extends into the final month of the year, the Reddit based community for the number one cryptocurrency by market capitalization has hit a new milestone. That's the evidence that Bitcoin is not working as designed right. Bitcoin has more then 10x bigger market cap then BCH still that doesn't mean it's "better". What I've noticed is that a lot of folks here just do not understand Buffet's outlook. When times get hard, people pull out of speculative investments. I remember the "Don't invest in what you don't understand" comment which is great advice This happened to him once, otherwise it was rather good and candid interview. You know I guess the only way I would really see it mattering is if when Warren Buffett says cryptos good that everyone starts investing in it. Yes, fiat can be used to pay for food. Thank you for the compliment.

I hope that you would rather avoid splitting the hash power again unless absolutely necessary. Wealth can be generated by many ways, scams and innovation. His crony Munger cites Bitcoin as 'dementia', but which gray haired dinosaurs are suffering from dementia and lack of ability to self-assess? Please explain. It would be inferior to the existing SPV wallet system I mentioned further up. It's like trying to show off in front of a hot girl that turned you down in the fifth grade lol. Going one step farther, if Alice thinks she has more knowledge than Bob, she may think that Bob's statement about Alice's statement is opinion. Until it doesn't. The exchange wallet might support 8 decimal places of coins, but their trading platform might only support 4 or 5 decimal places. Get an ad-free experience with special benefits, and directly support Reddit. Point 5. Submit a Link. Then stocks, bonds, funds etc. The biggest problem with proof of stake IMO is that it enriches coin holders for essentially doing nothing. So what's the question again?

Pretty close to your final warning, pal. Thank you for the nice and detailed rebuttal. You all know the prices we are seeing, the spikes and dumps, are not organic but the work of manipulators. So what's the question again? How far do you want to go down the rabbit hole of philosophy here? Share this: Bitcoin subscribe unsubscribe 1,, readers 4, users here now Bitcoin is the currency of the Internet: Having a central authority or a peg to something else, especially something that can be manipulated by a central authority is not an option. When I did find it I invested a lot immediately and made profit and still invest with every paycheck.