Quote from: AT101ET on November 20, 2017, 09:25:25 PM

Id like to know what he thinks of gold then and if that differs from his opinion over Bitcoin, why that is.

Gold is irreplaceable: Almost half of the gold sold is used in electronics and medicine. It's not just about jewels.

Gold is unique: it has unique properties.

Gold is scarce. You could fit all the gold in the world on a tennis field.

Bitcoin might be considered scarce as well, but I fail to see how it's irreplaceable: you can fork it, community can decide it's not worth a penny anymore and shift their (financial and technological) resources elsewhere. Bitcoin to fiat exchanges could be banned anyday, who's gonna give a fuck about Bitcoin anymore if not the few anarchists and libertarians left here?

Anyway I find it hilarious how a bunch of no ones criticizes so lightly the most intelligent and successful the world has ever seen.

If Warren Buffet tells you something, you should probably rethink 100 times why you disagree with him rather than pushing this "he's old, he doesn't understand".

Like it or not, Bitcoin has no intrinsic value, if it has one, it's no different than any other coin out there, including the worst shit coins with a 20$ market cap.

Bitcoin has a price.