4 ms·
Does Warren Buffett understand digital signatures?
by Kinnard 9y ago
Does Warren Buffett understand digital signatures?
- nugi 9y agoHow would you explain to him how they make the distinction here? ...asking for a friend
- Kinnard 9y agoBitcoin is built off of two cryptographic primitives. They implement rights/powers in software. Here's a good example to grasp the idea: instead of asking the government not to read your emails (petitioning for the right of privacy) implement symmetric cryptography. You achieve the right instead of asking for it. Each cryptographic primitive does so and they can be connected up in ways that achieve more rights (Proof-of-Work>>Mining>>Cryptocurrency) Shameless: http://inbitbox.com http://inbitbox.com
- aviv 9y agoHe understands that the global banking cartel already has a plan in place to crash bitcoin one way or another. And there are several ways. LOL you guys downvote fast. I say this as a hodler, but a realistic one.
- jopsen 9y agoThe technology is not important to the value.
- nwah1 9y agoUnderstanding the technology isn't, necessarily. You just need to understand the value proposition, transaction fees, etc. One can look at the balance sheets for TransferWise, and without understanding a single thing about HTTP, web services, SWIFT, or any other detail one can quickly get a sense that it is a viable business whose revenues exceed its costs, and whose prices are competitive. Same is true here. Warren Buffet is famously skilled at precisely this sort of thing. Unfortunately for Bitcoin, he doesn't see the value.