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RE: What is Bitcoin? A letter to the Bitcoin community and Jamie Dimon

in #bitcoin7 years ago (edited)

Great post how you disassembled things. The comparison between Buffett and Dimon is legit i think. If they not understand something they are against it or leave it behind.. a basic investor rule and it's nothing wrong with that. But critical is the spread of superficial knowledge you emphasized.

For Bitcoin (i wrote about) i see at first the big brand similar to you, almost everybody had heard about Bitcoin even if he don't know what's behind. The market penetration in real business is already established and so it's real value behind. If people accept the high fees (that will change i'm sure) than nothing is wrong. They know about, no scam, no bubble. My concerns go maybe to the high speculation because everything is so young and in their infancy but that's always if disrupting technologies hit the stage.. it turns things and thoughts upside down and change is always difficuilt thing for many people, especially older ones ;) me too

Exciting times ahead, again great post! Thank you! My full upvote!

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