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Bitcoin is not and will never be real
| Tantric Selfie | 07/10/25 |
| cordovan filthy milk | 07/10/25 |
| Slippery passionate philosopher-king | 07/10/25 |
| Histrionic hell | 07/11/25 |
| Tantric Selfie | 07/10/25 |
| cordovan filthy milk | 07/11/25 |
| Yellow demanding brethren rehab | 07/11/25 |
| cordovan filthy milk | 07/11/25 |
| Arousing community account space | 07/11/25 |
| Yellow demanding brethren rehab | 07/11/25 |
| cordovan filthy milk | 07/11/25 |
| Olive wrinkle | 07/11/25 |
| up-to-no-good codepig pistol | 07/11/25 |
| diverse high-end school roommate | 07/10/25 |
Poast new message in this thread
Date: July 10th, 2025 7:49 PM Author: Tantric Selfie (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49091396) |
Date: July 10th, 2025 7:58 PM Author: cordovan filthy milk I like Warren Buffet's quote about it at the BRK shareholder meeting:
"If all the people in this room owned all of the farmland in the United States and you offered me a 1% interest in it at a bargain price of $25 billion, I'll write your check this afternoon. If you tell me you own 1% of the apartment houses in the United States and you offer me a 1% interest, I'll write you a check. Very simple.
Now if you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn't take it because what would I do with it? I'd have to sell it back to you one way or another. It isn't going to do anything." |
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Date: July 10th, 2025 8:01 PM Author: Slippery passionate philosopher-king what an idiot, you use it to buy drugs (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49091457) |
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Date: July 11th, 2025 10:31 AM Author: Histrionic hell (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092750) |
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Date: July 10th, 2025 8:18 PM Author: Tantric Selfie It literally does nothing (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49091535) |
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Date: July 11th, 2025 10:27 AM Author: cordovan filthy milk (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092737) |
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Date: July 11th, 2025 10:30 AM Author: Yellow demanding brethren rehab "and if you offered me all the gold in the world for $25, what would I do with it? Id have to, uh... uh.... sell it back to people. It doesnt DO anything." (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092747) |
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Date: July 11th, 2025 10:36 AM Author: cordovan filthy milk Correct. You’ve correctly intuited that he doesn’t support investing in gold either. (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092765) |
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Date: July 11th, 2025 10:42 AM Author: Arousing community account space (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092778) |
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Date: July 11th, 2025 10:58 AM Author: Yellow demanding brethren rehab really lol?
Im dumb and certainly dont know warren buffets investment advice
but if he only likes things that "DO" shit, his point is much bigger than fucking crypto |
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Date: July 11th, 2025 11:36 AM Author: cordovan filthy milk Gold is actually not the best example because it does have practical application (it’s used in medicine, electronics, etc) , so all the gold in the world is intrinsically worth more than $25.
But the point remains that the price appreciation over time is due to inflation and the idea that the next person will pay more for it. It doesn’t really do anything or compound to become more valuable over time, so it’s not a good investment compared to e.g. a strong company that’s growing earnings over time. |
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Date: July 11th, 2025 10:58 AM Author: Olive wrinkle (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092810) |
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Date: July 11th, 2025 11:00 AM Author: up-to-no-good codepig pistol Doesn't that kind of disprove his investment thesis on btc then? (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092815) |
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Date: July 10th, 2025 8:01 PM Author: diverse high-end school roommate i'm a nocoiner myself (http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49091459) |