Quote from: twiifm on December 31, 2014, 08:05:43 AM

Quote from: Watoshi-Dimobuto on December 31, 2014, 07:56:23 AM

Quote from: twiifm on December 31, 2014, 07:45:38 AM

Quote from: Armis on December 31, 2014, 07:26:37 AM

Quote from: twiifm on December 31, 2014, 06:20:02 AM

The arrogence of broke kids thinking they know more about investing than a multi billionaire. LOL

Buffetts point is that there's no intrinsic value in the aartificial scarcity because the code can be created ad infinitum. Anyone can create a currency. The hard part is to get others to accept it as money

that applies to every currency

for the most part fiat currency comes in two forms paper or metal, yet far more money is moved electronically than via paper or metal currency so clearly electronic currency is the big winner here.

Many around the world pay big money to order international wires for the ability to move large sums of money from point 'a' to point 'b', where is the "scarcity" or "intrinsic value" in a wire transfer?

Cryptocurrency solves a real problem in the world of electronic money and electronic money transfers, once the system is safe it will produce many trillionaires and quadrillionaires -- well beyond Buffet bucks.

You miss his point entirely. So what if you can use bitcoin to transmit money digitally? That in itself doesn't make it valuable.

And a paper with some words and pictures doesn't make it valuable.

Bwa ha haa. Give me all your dollars $$$ (and your bitcoins)

You are clueless. Buffett doesnt invest in dollars he invests in companies. Even guys who trade currencies trade them in pairs. The price is always relative. Nobody buys dollars and just sits on them

Buffett invests in companies that would suffer if the value of dollars were to decline enough (they would prosper if the dollar has only moderate 'weakness'), so in effect he is investing in dollars.