bitcoin is a rat poison? - page 5. | Bitcointalksearch.org

An0nyMoose

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Quote from: iamTom123 on June 23, 2017, 03:32:25 AM

Reading all those posts on a matter I find not really controversial reminds me how childish we can be sometimes. I don't understand such a debate...let anyone say whatever they wanted to say about Bitcoin because eventually as years would go by Bitcoin can always vindicate itself.

Bitcoin is not perfect and in fact Bitcoin is not for everyone. There are people who don't believe in Bitcoin and that is perfectly fine. There are countries who are threatened by Bitcoin and so they block Bitcoin and that is fine with me. Without these people, Bitcoin can go on and on. In fact, having people who are not really helping Bitcoin can even add more problem and pressure to the boat we are in.

However, I find it refreshing how people in Reddit can get so emotional over something about Bitcoin. That is actually good as we need an active, bubbly, loyal and defensive community around Bitcoin.

I agree that people should have freedom of speech and should be able to say whatever they can.

But I don't think Bitcoin is like rat poison at all.

Omega Weapon

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Quote from: iamTom123 on June 23, 2017, 03:32:25 AM

Reading all those posts on a matter I find not really controversial reminds me how childish we can be sometimes. I don't understand such a debate...let anyone say whatever they wanted to say about Bitcoin because eventually as years would go by Bitcoin can always vindicate itself.

Bitcoin is not perfect and in fact Bitcoin is not for everyone. There are people who don't believe in Bitcoin and that is perfectly fine. There are countries who are threatened by Bitcoin and so they block Bitcoin and that is fine with me. Without these people, Bitcoin can go on and on. In fact, having people who are not really helping Bitcoin can even add more problem and pressure to the boat we are in.

However, I find it refreshing how people in Reddit can get so emotional over something about Bitcoin. That is actually good as we need an active, bubbly, loyal and defensive community around Bitcoin.

I agree with this, I like freedom of speech and if I have the freedom to say bitcoin is great then someone else needs to have the freedom to say negative things about bitcoin, we may not like it and we may disagree with it but this is part of a civilized society, however it would be a good idea to have a compilation of all these comments by important people just to see if their predictions were right or to see if they change their minds.

StigHelmer

newbie

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Charlie Munger is a stupid old man.

Him and Buffett are supremely overrated in the investment community and I am tired as all hell hearing their names on a daily basis.

Buffet put half his net worth in one company and got lucky. he is not "The greatest investor ever" - he is a stupid old man that got lucky, then used billions to make super long term investments than anyone could have done with that much capital.

If he had to do it all over again he would have no clue where to begin as he has no idea the world in which he lives - he probably still uses a "word processor."

revswim93

newbie

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Bitcoin is bank poison.

Janademir4

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Why do you say that bitcoin is a rat poison?
Toxins are unlikely to be profitable like bitcoins

deisik

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Quote from: maokoto on August 26, 2017, 04:30:51 AM

Well, Warren Buffet is a value investor. He invest in things that he thinks have a lot of value (companies that make valuable things and such).

Bitcoin is more like something that represents value, but does not have much value in itself. Bitcoin is money ... I read him (Buffet) say that the value in Bitcoin is in its ability to carry value (transfers, anonimity and all) but that did not justify its high price right now

I think we should agree with Buffett here

At least, with his words that current price of Bitcoin doesn't quite match its "ability to carry value". We have to admit that Bitcoin is just a speculative asset which is not used for the purpose Buffett mentioned and which had been envisaged by Satoshi himself. Both of them talk about using Bitcoin as a means of payment and exchange (basically, as a fully developed currency), but we are nowhere near that, therefore the current price has nothing to do with that either

neonshium

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Quote from: Mandoy on June 23, 2017, 03:26:38 AM

****5*****

https://www.reddit.com/r/Bitcoin/comments/6iubil/warren_buffet_said_bitcoin_is_rat_poison/

This post in reddit is very controversial as different groups are arguing as to who is the person responsible for calling bitcoin as a rat poison. The debate is still going on as one side says that Charlie Munger and the other parties said that it was Warren Buffet. I dont know what or whom to believe. So anyone among you who knows the real story and is willing to share who is the real culprit.

So I see, many people have their own different views on different kinds of currencies and different issues in life, it might seem like a rat poison to other people but to others it is their source of living, their only hope of becoming rich.

craZyLovE0916

sr. member

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Yes.

Bitcoin is a rat poison.
Ethereum is a mouse poison.
Bitcoin Cash is not poison (it is nothing). hahaha
Litecoin is ant poison.

Why would Bitcoin be compared to rat poison? Cheesy

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Well, Warren Buffet is a value investor. He invest in things that he thinks have a lot of value (companies that make valuable things and such).

Bitcoin is more like something that represents value, but does not have much value in itself. Bitcoin is money ... I read him (Buffet) say that the value in Bitcoin is in its ability to carry value (transfers, anonimity and all) but that did not justify its high price right now.

deisik

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Quote from: Jet Cash on August 26, 2017, 03:43:33 AM

Quote from: RoommateAgreement on July 20, 2017, 02:43:27 AM

but bitcoin IS rat poison. and it is not a bad thing. you just have to figure out what does "rat" mean Cheesy

in this case bitcoin can potentially kill banks and banking system which makes them the rat. which is why we are seeing this much attack on bitcoin. i somethimes wonder how much of the delays for scaling bitcoin with SegWit were caused by these rats because they felt threatened.

I agree with this. If only Bitcoin could cause governments to outlaw fractional reserve banking. This thread gives me an idea for my "rat rid" domain name.

There is no such thing as fractional reserve banking in today's world of fiat not backed up by anything with money created right out of thin air. It is a concept from the past which is no longer valid. Bitcoin as such proves that story since it is basically created out of nothing itself, so if anything it would be substituting one crap with another. Rogue miners conceptually are not very different from rogue bankers. Just like bankers abuse their power in creating excessive amounts of fiat, miners walk essentially the same route by diluting Bitcoin value via creating alternative Bitcoins (what we have seen so far may just be a beginning)

Bitcoin is rather a snake oil than a rat poison

Darker45

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🙏🏼Padayon...🙏

Quote from: Mandoy on June 23, 2017, 03:26:38 AM

****5*****

https://www.reddit.com/r/Bitcoin/comments/6iubil/warren_buffet_said_bitcoin_is_rat_poison/

This post in reddit is very controversial as different groups are arguing as to who is the person responsible for calling bitcoin as a rat poison. The debate is still going on as one side says that Charlie Munger and the other parties said that it was Warren Buffet. I dont know what or whom to believe. So anyone among you who knows the real story and is willing to share who is the real culprit.

What's the big deal about that? That is an opinion. Opinions vary. There are sound opinions, there are also shallow ones. Their are opinions coming from narrow-minded ones, there are are also coming from well-informed and brilliant people. It's up to you to decide which one is that.

Jet Cash

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https://JetCash.com

Quote from: RoommateAgreement on July 20, 2017, 02:43:27 AM

but bitcoin IS rat poison. and it is not a bad thing. you just have to figure out what does "rat" mean Cheesy

in this case bitcoin can potentially kill banks and banking system which makes them the rat. which is why we are seeing this much attack on bitcoin. i somethimes wonder how much of the delays for scaling bitcoin with SegWit were caused by these rats because they felt threatened.

I agree with this. If only Bitcoin could cause governments to outlaw fractional reserve banking. This thread gives me an idea for my "rat rid" domain name.

Kaller

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Is Bitcoin a rat poison? This does not even make sense. Rat poison is something we use to kill rats in your house, etc. and Bitcoin is a cryptocurrency... hahaha

Bittoshi

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Someone who doesn't understand crypto currency might say that it isn't reliable and some kind of fraud stuff. And Mr. Buffet made his money in the old economy, with stocks and not with Bitcoins. So he is a great advisor and expert when it comes to the stocks market but he hasn't much to say about crypto currencies.

fullhdpixel

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Quote from: 777Bitcoin on August 23, 2017, 01:11:34 AM

Sometimes we can't force anyone the sense of believing things even if we wanted to. That 4 years ago and I would presume/probably he thinks the other way around now. It might be but as the prices and popularity as of this moment there is a chance for him to make his mind to bitcoin investing.

Sometimes, the best answer is to stop responding. Also, it is best to not push anyone for a task against their will. If somebody hates bitcoins today, let the time teach them the importance and significance of bitcoins. As far as I am concerned, I am an admirer of great inventions and bitcoin is one in that list.

777Bitcoin

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Sometimes we can't force anyone the sense of believing things even if we wanted to. That 4 years ago and I would presume/probably he thinks the other way around now. It might be but as the prices and popularity as of this moment there is a chance for him to make his mind to bitcoin investing.

Kemarit

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For me its totally rubbish. Say what they want against bitcoin, and the more people will become curious and buy them. I have mad respect for the two. But its over board regarding what they think about bitcoin. Maybe their mind is already clouded because of their age. But for us youngsters here, we don't think bitcoin as poison but rather an antidote to the ever grower control of government on fiat. With bitcoin we have total control over it, and unlike if we deposited our money in a bank, interest rate as so low but bitcoin is a better alternative for us. I guess we just have to take their opinion as it is, but necessary believe in them.

haji lulung

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I really don't agree with the opinion that bitcoin is a rat poison. I think someone that thinks like that besause they don't know what really bitcoin is. In fact that now there are many people who wants to know more about bitcoin and wants to seek bitcoin.

Zionatin

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Don't these people have better things to do then argue about nonesense. If you want to make it in the bitcoin world you can't listen to what people say or you will fall short to the naysayers and such.

LouVandetta

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Quote from: BartS on August 21, 2017, 04:30:46 PM

Who cares? If they do not want to join the party and enjoy free money then that is their problem, some may argue that they are rich enough and they do not care but believe me rich people like them only care about producing even more money and they are going to regret not getting into bitcoin when they could single handedly buy an enormous portion of the bitcoin supply.

You've got a point there, some people are always looking for ways to become richer, even tho they already are.
Duh, they never get enough of it, huh?
But in that case, is it really not possible for them to invest in bitcoin?
I know they are not that kind of ppl that wants to set their eyes into 'bitcoin'.

Topic: bitcoin is a rat poison? - page 5. (Read 2662 times)