Andreessen skewers Buffett for doubting bitcoin

Marc Andreessen on Warren Buffett's criticisms of Bitcoin: the “track record of old white men who don’t understand tech crapping on tech they don’t understand is still at 100 percent.”

Marc Andreessen on Warren Buffett's criticisms of Bitcoin: the “track record of old white men who don’t understand tech crapping on tech they don’t understand is still at 100 percent.” submitted by jbkly to Bitcoin [link] [comments]

Bitcoin Battle: Warren Buffett vs. Marc Andreessen

Bitcoin Battle: Warren Buffett vs. Marc Andreessen submitted by skillcode to Bitcoin [link] [comments]

Can Buffett and Andreessen both be right about Bitcoin?

submitted by bitjuicy to Bitcoin [link] [comments]

Andreessen skewers Buffett for doubting bitcoin

Andreessen skewers Buffett for doubting bitcoin submitted by teelm to Bitcoin [link] [comments]

Bitcoin: Both Buffett and Andreessen are right (Fortune)

Bitcoin: Both Buffett and Andreessen are right (Fortune) submitted by bc2014 to Bitcoin [link] [comments]

Bitcoin Battle: Warren Buffett vs. Marc Andreessen

Bitcoin Battle: Warren Buffett vs. Marc Andreessen submitted by cowboyhaze to CryptoCurrency [link] [comments]

Andreessen: Bitcoin Potential Mirrors Internet in 1994, Calls Buffett "Old White Man"

Andreessen: Bitcoin Potential Mirrors Internet in 1994, Calls Buffett submitted by bitjuicy to Bitcoin [link] [comments]

Bitcoin: Both Buffett and Andreessen are right

Bitcoin: Both Buffett and Andreessen are right submitted by BTCNews to BTCNews [link] [comments]

Marc Andreessen Fires Back at Warren Buffett For Comments Made on Bitcoin

Marc Andreessen Fires Back at Warren Buffett For Comments Made on Bitcoin submitted by HDSeed to Bitcoin [link] [comments]

Bitcoin Battle: Warren Buffett vs. Marc Andreessen

Bitcoin Battle: Warren Buffett vs. Marc Andreessen submitted by BTCNews to BTCNews [link] [comments]

Buffett's wrong on bitcoin: Andreessen [CNBC Video]

Buffett's wrong on bitcoin: Andreessen [CNBC Video] submitted by MuchBitcoin to MuchBitcoin [link] [comments]

Marc Andreessen Fires Back at Warren Buffett For Comments Made on Bitcoin

Marc Andreessen Fires Back at Warren Buffett For Comments Made on Bitcoin submitted by BTCNews to BTCNews [link] [comments]

Bitcoin: Both Buffett and Andreessen are right

Bitcoin: Both Buffett and Andreessen are right submitted by cowboyhaze to CryptoCurrency [link] [comments]

Remember: even Bill Gates didn't get bitcoin at the beginning. But to his credit, was willing to listen to those with real expertise, and admit he had got it wrong.

From Nathaniel Popper's book "Digital Gold" (2015).
At the Allen & Co. conference, Wences Casares was given one of the speaking slots before Jeff Bezos and Warren Buffett took the stage.
[Wences is an Argentinian technology entrepreneur who had founded Argentina’s first internet service provider. Through his many connections with high profile people in Silicon Valley, Wences was already able to convince the likes of Max Levchin, Marc Andreessen, David Marcus, Reid Hoffman and many more of the promise of Bitcoin].
Wences gave what was becoming a standard talk, beginning with the history of money, and going on to discuss the potential for Bitcoin to provide financial services to poor people who had long been shut out. He touched on Xapo [Wences’ latest Bitcoin startup] only briefly, at the end. After Wences came down and took a seat with Belle [Wences’ wife], Bezos said from the stage that it was the kind of talk that kept him coming to these events.
In the hallway walking to lunch, after the Bezos-Buffett conversation, Wences spotted Bill Gates, who had been notably reticent about Bitcoin. Wences knew that Gates’s multibillion-dollar foundation had been making a big push to get people in the developing world connected financially, and Wences approached him to explain why Bitcoin might help his cause. As soon as Wences broached the topic, Gates’s face clouded over, and there was a note of anger in his voice as he told Wences that the foundation would never use an anonymous money to further its cause.
Wences was somewhat taken aback, but this was not the first time he had been challenged by a powerful person. He quickly said that Bitcoin could indeed be used anonymously—but so could cash. And Bitcoin services could easily be set up so that users were not anonymous. He then spoke directly to the work that Gates was doing, and noted that the foundation had been pushing people in poor countries into expensive digital services that came with lots of fees each time they were used. The famous M-Pesa system allowed Kenyans to hold and spend money on their cell phones, but charged a fee each time.
“You are spending billions to make poor people poorer,” Wences said.
Gates didn’t just roll over. He vigorously defended the work his foundation had already done, but Gates was less hostile than he had been a few moments earlier, and seemed to evince a certain respect for Wences’s chutzpah.
Wences saw the crowd that was watching the conversation, and knew he had to be careful about antagonizing Bill Gates, especially in front of others. But Wences had another point he wanted to make. He knew that back in the early days of the Internet, Gates had initially bet against the open Internet and built a closed network for Microsoft that was similar to Compuserve and Prodigy—it linked computers to a central server, with news and other information, but not to the broader Internet, as the TCP/IP protocol allowed.
“To me it feels like you are trying to get the whole world connected with something like Compuserve when everyone already has access to TCP/IP,” he said, and then paused anxiously to see what kind of response he would get.
What he heard back from Gates was more than he could have reasonably hoped for.
“You know what? I told the foundation not to touch Bitcoin and that may have been a mistake,” Gates said, amicably. “We are going to call you.”
Not long after, in July 2015, it was announced that the Bill and Melinda Gates foundation would be promoting bitcoin awareness in Kenya.
https://cointelegraph.com/news/bill-melinda-gates-foundation-promotes-bitcoin-in-kenya
TL;DR ;)
submitted by smeggletoot to Bitcoin [link] [comments]

Joseph Stiglitz: bitcoin "ought to be outlawed"

This is the best tl;dr I could make, original reduced by 51%. (I'm a bot)
Robert Shiller, who won a Nobel for his work on bubbles, said the currency appeals to some investors because it has an "Anti-government, anti-regulation feel."
Goldman Sachs CEO Lloyd Blankfein told Bloomberg that the currency serves as "a vehicle for perpetrating fraud." Billionaire investor Carl Icahn said on CNBC that it "Seems like a bubble."
The digital currency previously attracted the derision of JPMorgan boss Jamie Dimon, who called it a "Fraud" that would "Eventually blow up." Warren Buffett has warned of a "Real bubble."
The virtual currency powered above $11,000 for the first time on Wednesday, capping a jaw-dropping rally of more than 1,000% since the start of the year.
Some experts argue that the gains in recent weeks have been driven in part by the expectation that more major investors - like hedge funds and asset managers - are gearing up to start investing in the digital currency.
There appears to be substantially more enthusiasm for bitcoin in Silicon Valley, where tech luminaries Peter Thiel and Marc Andreessen are among its backers.
Summary Source | FAQ | Feedback | Top keywords: currency#1 more#2 bitcoin#3 Bloomberg#4 bubble#5
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[uncensored-r/Bitcoin] It's in times like these that education is necessary

The following post by jonat3 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7r1eah
The original post's content was as follows:
Playlist with Andreas Antonopoulos as well as a few other classics. Is meant for people completely new to bitcoin.
Took quite awhile to assemble this playlist. Playlist is in chronological order. Watch in that sequence. Adjust playing speed in youtube to suit your needs.
Consider this page 1 in a series. May be updated from time to time.
Intro
Who is in control
How does it work
Security (and who's backing it)
By the love of God, watch first video entirely (click link in description once you understand). Don't be goxxed!
Some videos about bitcoin being a bubble
Some basic economics
Networks (!!!)
Why Bitcoin
Altcoins vs Bitcoin
Worried about high fees or the slow transactions? See the motivation behind the fee structure (pay special attention to the last video)
Important classics about the theory of money
Early classics (last video is gold :p)
Important backdrop for why bitcoin emerged starring Stefan Molyneux and Mike Maloney
Bitcoin's larger importance with Andreas Antonopoulos
Banking and Blockchain with Andreas Antonopoulos
Consumer protection
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

CRYPTO INFO - YouTube Im Blick. 68: M. Andreessen Software-Revolution & Bitcoin + FSB Überwachungs-Rahmen für Kryptomarkt Pay Attention to Bitcoin.... It's a VERY BIG DEAL!!! Here's why bitcoin is on the rise this year  Street Signs Europe Introducing The Bitcoin Growth Model. Why the Bitcoin price is growing throughout its history!

Billionaire Warren Buffett has established his credentials as a savvy money manager, but Internet trailblazer Marc Andreessen doubts the stock market sage knows much about financial innovations ... Andreessen’s skewering of Buffett comes amid an intensifying debate about bitcoin’s long-term prospects. The concept, hatched five years ago by a mysterious figure or group identified as ... After famed dealmaker Warren Buffett warned investors to stay away from Bitcoin, calling it "a mirage," venture capitalist (and Bitcoin investor) Marc Andreessen called him an "old white man ... By Michael Liedtke, Associated Press Posted - Mar. 25, 2014 at 7:01 p.m. This archived news story is available only for your personal, non-commercial use. Information in the story may be ... Andreessen's skewering of Buffett comes amid an intensifying debate about bitcoin's long-term prospects. The concept, hatched five years ago by a mysterious figure or group identified as Satoshi Nakamoto, has been brushed off as a fleeting fad by many other critics besides Buffett. Supporters such as Andreessen, however, are convinced bitcoin is destined to challenge government-backed ...

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CRYPTO INFO - YouTube

Marc Andreessen and Balaji Srinivasan on How Bitcoin Is Just Like The Early Internet Watch the full video of CoinSummit's Fireside Chat with Andreessen Horow... Bitcoin's rise to 11,000 wasn't all due to Facebook's Libra, ... Warren Buffett reveals his investment strategy and mastering the market - Duration: 59:30. Yahoo Finance 1,055,749 views. 59:30 ... Bitcoin In Their Own Words: Marc Andreessen Full Interview: Bitcoin Fireside Chat with Marc Andreessen and Balaji Srinivasan (https://www.youtube.com/watch?v... "Why Software is eating the world" ist ein interessanter Artikel des amerikanischen Investors Marc Andreessen vom 20. August 2011. Vieles darin ist immer noc... Bitcoin is the most successful digital currency to date. It is a new form of crypto-currency in which encryption techniques are used to control the creation of new bitcoins and to verify ...

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