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Bitcoin Battle: Warren Buffett vs. Marc Andreessen
- tim333 13y agoI can see Buffett's point "Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be." Not only can bitcoin be replaced by the various alt coins, it doesn't seem very secure in practice (see MtGox). I think it's likely someone else will come up with a competing technology that's less hackable.
- webmaven 13y agoThe taxi analogy is pretty good, but only adequately describes an alt-coin with no cap. Bitcoin is more like to the medalions available in limited supply for NYC cabs (which, given the amount of money that is expected to pass through the cabs, are extremely valuable).