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I think he understands it better than you give him credit for. He just doesn't see a future for it. To most investors the promise of Bitcoin is the same promise
by jhall1468 8y ago
I think he understands it better than you give him credit for. He just doesn't see a future for it. To most investors the promise of Bitcoin is the same promise of snake oil.
Everything about Bitcoin is new and untested and most institutional investors abhor anything they can't quantify. Bitcoin is a huge gamble, and people like Gates and Buffet don't gamble.
- solean 8y agoIt's been tested for over 10 years with the biggest bug bounty in the world.
- jhall1468 8y agoNot security testing, I'm talking about testing economically. Decentralized currency has never been tested at scale. It's worked locally for many cultures, but never globally.
- sizzzzlerz 8y agoNot the point. Besides, 10 years of testing still doesn't prove it's secure. Intel and AMD CPUs, manufactured since 1995 have the Meltdown and Spectre flaws that were only discovered recently.
- tim333 8y agoOr he doesn't see why it should be valued at a high amount. As he says a check is a handy way to transfer money but isn't saleable for very much in itself.