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I don't think most of the young investors these days are participating in a new economy. They are just trading Bitcoin as commodity on exchanges. In which cas
by empraptor 9y ago
I don't think most of the young investors these days are participating in a new economy. They are just trading Bitcoin as commodity on exchanges. In which case if they don't get it and Warren does, that's a problem for them.
- adamnemecek 9y agoExchange is the foundation of any new economy. By creating exchanges, they are creating a foundation of the next economy.
- empraptor 9y agoA new economy that supposedly runs on a payment method that doesn't scale so have to resort to various degrees of centralization and trusted third-parties that don't deliver on the original promises of Bitcoin? I guess I don't see what makes this a new economy and not just the same old economy with new commodity-based payment system.
- adamnemecek 9y agoIt’s still very much under development. It’s not like the rest of the economic system was built over night.