Bitcoin -The Ingenious Delusion
Warren Buffett has a habit of causing quite a stir in the blockchain community. A big critic of Bitcoin and the surrounding crypto space, Warren Buffett recently called Bitcoin “Ingenious.” This is one of the more balanced statements he’s made about Bitcoin, but then he proceeded to call Bitcoin a delusion.
Here’s the quote in full:
“Bitcoin, it’s ingenious. And blockchain is important. But bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day, and no little bitcoins come out or anything like that. It’s a delusion, basically.”
So is it a delusion? Or is it a delusion? According to Buffett, it’s both.
Let us know what you think in the comments.
We are grateful to have Jason from Bitcoin Malaysia, Simon Pang, Steem Witness and also Wei Chi from Sinegy to be our speakers for this event. In this sharing session, you will learn about blockchain’s future, security, applications, basic knowledge about Bitcoin, Steemit & Sinegy.
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This week’s stories include Malaysia’s push for Industry 4.0, Melaka’s Chinese government-backed blockchain initiative, cryptocurrency pyramid schemes, North Korea’s potential focus on Southeast Asia’s crypto sector, and more. Check it out!
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