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>I don't know where to begin with this Bitcoin crap; it's gotten crazy that so many naive people are into this plopping their hard-earned money into a well-func

>I don't know where to begin with this Bitcoin crap; it's gotten crazy that so many naive people are into this plopping their hard-earned money into a well-functioning sinkhole. George Soros said it best, " All of financial history is one lie and deceit after another, your job as a speculator is to get on the lie while it is being propagated and get off before everyone finds out". I feel like a lot of folks are going to get burned but what do I know? I could be full of shit....

kadenshep 8y ago
Is there a source for this quote? I'm having trouble finding it.
andirk 8y ago
Is there a basis to this claim that Bitcoin is a lie?
- hourislate 8y ago
  Is there a basis to the claim that it isn't? At this time it's anyone's guess. Bill Gates and Warren Buffet along with a handful of others seem to think it is, who am I to disagree with them. I'm indifferent since I don't have a dog in the fight.
  - andirk 8y ago
    Bill Gates Oct 2014: "Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." And financial transactions will eventually “be digital, universal and almost free.” https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-bitcoin-is-exciting-because-its-cheap https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-... Bill Gates May 2018: "I would short bitcoin if I could." <-- He can. He didn't bother to look into it though. Elon Musk also said on stage that Bitcoin is mainly for illegal use. Based on what? https://youtu.be/7WMJs1v63C0?t=2m50s https://youtu.be/7WMJs1v63C0?t=2m50s He barely knows anything about crypto, and neither do these other guys, and they talk like they do. They DO have a horse in this race, and it's clearly in fiat USD. They're not omniscient and neither are we, so let's keep our eyes and ears open.

kadenshep 8y ago

Is there a source for this quote? I'm having trouble finding it.

andirk 8y ago

Is there a basis to this claim that Bitcoin is a lie?

hourislate 8y ago
Is there a basis to the claim that it isn't? At this time it's anyone's guess. Bill Gates and Warren Buffet along with a handful of others seem to think it is, who am I to disagree with them. I'm indifferent since I don't have a dog in the fight.
- andirk 8y ago
  Bill Gates Oct 2014: "Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." And financial transactions will eventually “be digital, universal and almost free.” https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-bitcoin-is-exciting-because-its-cheap https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-... Bill Gates May 2018: "I would short bitcoin if I could." <-- He can. He didn't bother to look into it though. Elon Musk also said on stage that Bitcoin is mainly for illegal use. Based on what? https://youtu.be/7WMJs1v63C0?t=2m50s https://youtu.be/7WMJs1v63C0?t=2m50s He barely knows anything about crypto, and neither do these other guys, and they talk like they do. They DO have a horse in this race, and it's clearly in fiat USD. They're not omniscient and neither are we, so let's keep our eyes and ears open.