Date: October 19, 2018, 01:53:58 AM
Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad ending': Business : Nigerialog.com - Nigeria's Premier Online Forum
"I get into enough trouble with things I think I know something about," he added. "Why in the world should I take a long or short position in something I don't know anything about."
Now, THIS is the reason Bitcoin and other cryptocurrencies never made sense to me.I never even dared to touch the thing with a loooooooooooooooooooooooooooong pole. lolAs far as I know, currencies (legal tenders) are only issued by STATES, and they do so boldly and back it with relevant laws.States have sovereign authority which backs currencies.I can understand a batter kind of trade whereby one can exchange one TANGIBLE product for another.How can something that is made of zeros and ones constitute currency?Well, at least this helps to assure me that I'm not the only one deeply suspicious of cryptocurrencies. lol