james22

And I mean it when I say you should care. Even those pounding the table for Fairfax or Joe wouldn't argue they might be life-changing investments. Unless you are convinced there's ZERO chance of bitcoin becoming a recognized asset class, you should invest some time studying it. Because if it does, it will be life-changing.

Seriously, if you really care (and you should), there's a wealth of info out there. The questions you ask are not new and have been answered many times elsewhere. Could start with the crypto and MSTR threads here. As to whether BTC is a Trump trade or not, that's been answered today, hasn't it?

You might be a little more appreciative that I'm taking time away from influencing nation-state and institutional heads to try and convince you lot. Low ROI, sure, but Satoshi writes my checks, so . . .

Proof of Satoshi's genius: If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

I was one of those internet millionaires. Yet I haven't let the experience prevent me from recognizing opportunity when I see it. (In fact, it taught me the best protection from a crash is to participate in the run-up.)

We were very, very naive. https://pjmedia.com/eddriscoll/2014/03/16/cronkite-n258467

Here's another: what's the value of the strongest computer network in the world?

Here's a metric: what BTC trades at.

You miss the point. But go back to rehashing the election. Maybe you'll be able to overturn the results? And bashing bitcoin. Maybe your "value-oriented" investment returns will beat mine by year's end?

I find it perplexing that value-oriented investors haven't looked at the returns of growth over the last ~15 years and questioned if they aren't missing something. Munger: All intelligent investing is value investing. There's a saying that "to a man with a hammer, everything looks like a nail." The widely discussed distinction between value and growth made some people believe they only had hammers, when in fact they potentially had access to a whole toolbox. Now we live in a complex world where a range of tools is required for success. https://www.oaktreecapital.com/docs/default-source/memos/something-of-value.pdf

President-elect Trump

*checks* +$1,227,383 OK, anyone want to answer: Bitcoin adoption will happen. And it won't be because of any table pounding of mine.

If given the choice of what money to accept, people will accept the money they believe to be of highest long-term value, and not accept what they believe to be of low long-term value. If not given the choice and required to accept all money, good and bad, they will tend to keep the money of greater perceived value in their own possession and pass the bad money to others. https://en.wikipedia.org/wiki/Gresham's_law Where's the payment?

You'd want to own it as a store of value. Jeez, you guy's aren't even wrong.

This will cost you.

The same as any speculative attack, swapping weak (printable) fiat for the hardest asset known.

I promise you, Buckeye, IDGAF if you buy into the story.

You'll buy bitcoin at the price you deserve, Buckeye.

Not paid enough given the import. Bitcoin catalysts: 1. COBF adoption 2. Nation-state adoption 3. Institutional adoption

Bitcoin is backed by the strongest computer network in the world. They've also admitted to not understanding technology and missing out on Amazon and Google. Show me the man ...

Great, thanks. Because convincing a couple suckers on this value investing board to buy is the only way this works out for me.

Yes.

Who/what accepts Berkshire/Fairfax shares as payment?