RE: I can't understand Warren Buffett so he will fail! :)

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I can't understand Warren Buffett so he will fail! :)

in warrenbuffet •  7 years ago  (edited)

I concur with the billionaire - forget the hype and "coin rush" - the technology is not scalable - period. So the current rush is not going to end well, if the tech behind it can not scale. Waiting for half hour to few days for your transaction to confirm is not something that should go mainstream.

It has certain limited usage, which is the current basis for the hype. But bubbles always burst and this is certainly a bubble. All signs of it.

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We all have different opinions​, but I think differently that some cryptos will survive. Some of them are revolutionary and can help the world. Of course, ​some coins and tokens are scams, but saying that it's a big bubble is because u don't understand the tech. Good evening sir