Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Discussion in 'Crypto Assets' started by themickey, Apr 30, 2022.

  1. Trader Curt

    Trader Curt

    I don't know
     
    #51     May 2, 2022
  2. I'm old and slow. Give me the big picture, not the details. What basic underlying assumptions make it possible for the USD to get its own digital currency in order to combat inflation, as you suggested?
     
    #52     May 2, 2022
  3. Trader Curt

    Trader Curt

    Well for one, they would be able to keep track of every dollar, right down to the cent. This means less corruption, more taxes being paid, it also means less money would be hidden from people laundering. This will generate more revenue right? However, it also means that all the corruption within the government will be exposed, (If you don't think the government is 100% honest about everything). Which is a big reason why they are debating it now.
     
    #53     May 2, 2022
    johnarb and NoahA like this.
  4. Assuming any of this will work out as you suggest, how will it fight inflation, which was your point? And I thought one the appeals of cryptos was the inherent anonymity, whereas what you're suggesting is Big Brother on steroids.
     
    #54     May 2, 2022
  5. Trader Curt

    Trader Curt

    Wouldn't you think that the with more money being tracked and accounted for there would be less need for printing?

    And I never said anything about Bitcoin being anonymous. I don't know where you got that from.
     
    #55     May 2, 2022
    johnarb likes this.
  6. M.W.

    M.W.

    Where is there ANY evidence in public domain. Where did you get such information? Curious...

     
    #56     May 2, 2022
  7. Nobert

    Nobert

    #57     May 2, 2022
  8. Trader Curt

    Trader Curt

    It's on Googles website. Clear as day
     
    #58     May 2, 2022
    johnarb likes this.
  9. themickey

    themickey

    London being the money laundering capital of the world for Russian oligarch money being just one example.
    Corrupt money fuels inflation.
     
    #59     May 2, 2022
    Trader Curt likes this.
  10. Overnight

    Overnight

    I have to say that a guy who has been filing tax returns since he was 12 Y.O., and has a copy of every return since then, is probably not someone who skirts the rules.

    Think about that concept for a moment...Filing his tax returns as a 12YO? Sheesh, when I was 12, 13, 14, I was more interested in being a kid and doing kid things. Having fun.

    What the fuck tax burden does a 12YO even have?

    Buffett is a freak.
     
    #60     May 2, 2022