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He has a different worldview. He's made his money on old way of investing. Some of it applies, some doesn't. He would not be the first successful person to be w
by adamnemecek 9y ago
He has a different worldview. He's made his money on old way of investing. Some of it applies, some doesn't. He would not be the first successful person to be wildly wrong about a new thing.
- epistasis 9y agoI would love hear one thing about investing before that doesn't apply now. Or one thing that Buffet doesn't understand about bitcoin that has any economic relevance. Those who say he doesn't get it seem infinitely more naive and ignorant than Buffet on this.
- adamnemecek 9y agoOne of the main differences is the fact that the value of a currency is fundamentally based on who accepts it. All economic theory prior to this is...i dont want to say outdated but needs to be reprioritized.
- Cacti 9y agoAre you seriously suggesting that "currency is fundamentally based on who accepts it" is a new idea?
- adamnemecek 9y agoNo?