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Fred Wilson wrote a blog post recently, which argues against Buffett and Gates: https://avc.com/2018/05/is-buying-crypto-assets-investing/ https://avc.com/2018
by ca98am79 8y ago
Fred Wilson wrote a blog post recently, which argues against Buffett and Gates:
https://avc.com/2018/05/is-buying-crypto-assets-investing/ https://avc.com/2018/05/is-buying-crypto-assets-investing/
"It is clear from those words that Buffett sees crypto assets like a baseball trading card or some other form of collectible. And if that were true of Bitcoin, Ethereum, EOS, Zcash, or many other popular crypto assets, I would agree with him.
But what these crypto tokens are is entirely something else. They are the fuel that powers a new form of technology infrastructure that is being built on top of the foundational internet protocols."
- dpark 8y ago> They are the fuel that powers a new form of technology infrastructure And what value is that new infrastructure actually delivering? People keep talking about blockchain this and that but I've not seen any compelling use case yet. Maybe this is just shortsightedness on my part but every time I hear a proposal for a thing to build on the back of cryptocurrency, it always sounds like a very suboptimal solution.