Buffets right hand man calls Bitcoin rat poison

cryptoanarchist

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Quote from: glendall on May 07, 2014, 09:30:49 PM

Who cares what he thinks? The senior very likely has no idea what bitcoin even is, and likely just figured out how to use email for the first time.

They can keep there massive semi-existent funny-money fiat. In fact I'd prefer if they don't buy any bitcoin at all.

exactly.

leopard2

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...Buffet made a lot of money from financial derivatives, so much about speculation. Do as I say not as I do sort of thing. Sad

http://www.businessinsider.com/warren-buffett-q2-derivatives-gains-2013-8

Any investment in a currency is speculation, because no currency has intrinsic value. It is all monopoly money.

NoDreamsWatching

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Knowing how much Buffet hates speculators, I believe Munger calls "rats"those who purchase Bitcoins solely for speculative purpose. given that Buffet disregard Bitcoin as an investment, this suggest as well that WE could be the ones called "rats". (It's so classy I am speechless)

Polycoin

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Buffet is right, he made billions off investing, bitcoin is rat poison...

geetee

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Lol, remember, Buffett was also the same guy that openly stayed away from ALL tech companies in the late 90s to early 2000's because he couldn't "understand how they make money". And he also coined the investment phrase/philosophy of "stick to what you know" (Invest in what you understand)

You gonna take crypto-advice from this guy??
Maybe advice on how to buy a portion of an existing company using the company's own stock, while mitigating any capital gains- like the Phillips 66 deal -ok.

http://finance.fortune.cnn.com/2013/12/30/buffett-berkshire-hathaway-phillips/

Advice on a new digital currency? Uh, no thanks Warren. I'll stick to what I know.

bryant.coleman

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Quote from: Whtwabbit on May 09, 2014, 08:29:25 AM

Bitcoins` right hand man calls Berkshire Hathaway rat poison

That was classic.

Actually just take a look at the performance of the Berkshire Hathaway stock since 2008.

In 2008 January, the stock was trading at $135,500.

In 2014 January, the stock was at $175,600.

And that less than 5% returns per year. Crappy stock, I'd say. Grin

Whtwabbit

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Bitcoins` right hand man calls Berkshire Hathaway rat poison

BitOnyx

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Cryptocurrencies Exchange

Since 2008 it is hard to believe any one i trusting bankers any more.

Actually if we would respect every smart-ass opinion we wouldn't have time for anything else.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: glendall on May 07, 2014, 09:30:49 PM

They can keep there massive semi-existent funny-money fiat. In fact I'd prefer if they don't buy any bitcoin at all.

QFT, let the vile cunts go down with their sinking ship. Let them drown.

bryant.coleman

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Quote from: QuestionAuthority on May 08, 2014, 02:08:50 PM

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

And it will be better for Bitcoin, if such old-generation investors vanish away at some point of time in the near future. We need more investors like the Winkelwii, who are ready to take the risks. Grin

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: FeedbackLoop on May 08, 2014, 06:32:07 PM

Quote from: QuestionAuthority on May 08, 2014, 05:30:33 PM

Quote from: boumalo on May 08, 2014, 02:32:19 PM

Quote from: QuestionAuthority on May 08, 2014, 02:08:50 PM

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

Billionaires live forever but he already lived forever

I know lots of money can't keep you alive or Steve Jobs would still be around.

Funny, SENS foundation and the likes are not terribly well funded. If I had the money those people have I would definitely fund more than a small army of senior researchers, post-docs and PhD students writing their thesis papers on rejuvenation instead of half the crap these people like to spend on.

No kidding! I'd be one of those kooks that puts all his money into cryogenics research. If they can't cure me yet I'd at least want to be a Popsicle for a few years until they can.

I don't understand why these old coots care about government, business, wearing suits or doing pretentious interviews until they die. If I had that much cash and knew I was at the end of the road I would spend every day drunk on the best booze money can buy and every night with the finest young whore money can buy sitting on my face. lol

Chef Ramsay

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This reminds me of these two putzs

EFFV

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Quote from: nextgencoin on May 08, 2014, 01:39:23 AM

I'm pretty sure we know who the rat is in this analogy...

Crony capitalists like Munger can't control it, why would they like it...

+1 haha

greenlion

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Quote from: FeedbackLoop on May 08, 2014, 12:10:55 PM

Quote from: leopard2 on May 08, 2014, 11:59:57 AM

http://en.wikipedia.org/wiki/Liberty_Dollar

Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country"

Scary stuff... had no idea.

"Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28] The Justice Department press release quotes her as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country.""

Shocked

I think the rhetoric typically has some relationship to the potential need to save face. Law enforcement could talk all manner of smack about the Liberty Dollar because it was trivial to just go and SWAT team the guy and it was done. With Bitcoin they absolutely have to temper their message, because if they took this kind of hard line stance and people saw that nothing they could actually do was stopping it, then they look like ineffectual twats. Typically schoolyard bully garbage, you only bully what you know is weak, and you suck up a little to the strong person who you can't take down. This behavior is par for the course for people with zero integrity.

FeedbackLoop

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Quote from: QuestionAuthority on May 08, 2014, 05:30:33 PM

Quote from: boumalo on May 08, 2014, 02:32:19 PM

Quote from: QuestionAuthority on May 08, 2014, 02:08:50 PM

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

Billionaires live forever but he already lived forever

I know lots of money can't keep you alive or Steve Jobs would still be around.

Funny, SENS foundation and the likes are not terribly well funded. If I had the money those people have I would definitely fund more than a small army of senior researchers, post-docs and PhD students writing their thesis papers on rejuvenation instead of half the crap these people like to spend on.

planeyard

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Buffet seems like a regular guy, he drives an old car and goes to a drive thru.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: boumalo on May 08, 2014, 02:32:19 PM

Quote from: QuestionAuthority on May 08, 2014, 02:08:50 PM

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

Billionaires live forever but he already lived forever

I know lots of money can't keep you alive or Steve Jobs would still be around.

boumalo

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Quote from: QuestionAuthority on May 08, 2014, 02:08:50 PM

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

Billionaires live forever but he already lived forever

QuestionAuthority

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Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

The good news is from the looks of him he won't live for more than another year or two. He looks like he's about 200 years old.

boumalo

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Quote from: leopard2 on May 08, 2014, 01:15:43 PM

Scary that a government official calls real honest money with intrinsic value, silver, a clear and present danger to the economic stability of this country isnt it?

So the "stability" depends on the unfettered flow of inflationary fiat money, obviously.

Pretty sure slavery was advocated with similar arguments. Angry

They say a higher minimum wage is good as well and if you don't support it you are a racist when it creates unemployment and hardship

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