undefined | Better HN

0 pointsadamnemecek8y ago0 comments

He has a different worldview. He's made his money on old way of investing. Some of it applies, some doesn't. He would not be the first successful person to be wildly wrong about a new thing.

0 comments

3 comments · 1 top-level

epistasis8y ago· 2 in thread

I would love hear one thing about investing before that doesn't apply now. Or one thing that Buffet doesn't understand about bitcoin that has any economic relevance.

Those who say he doesn't get it seem infinitely more naive and ignorant than Buffet on this.

adamnemecekOP8y ago

One of the main differences is the fact that the value of a currency is fundamentally based on who accepts it. All economic theory prior to this is...i dont want to say outdated but needs to be reprioritized.

Cacti8y ago

Are you seriously suggesting that "currency is fundamentally based on who accepts it" is a new idea?

1 more reply

j / k navigate · click thread line to collapse