What is he saying about bitcoin, in this video or otherwise, that is inaccurate or somehow otherwise misinformed?
-- Espi On Thu, Mar 6, 2014 at 2:09 PM, Ken Cornetet <[email protected]>wrote: > No, because Dave has at some point in the past went from doing what he > does best (personal finance) to being an expert on all things financial. > This is a good example. He clearly has done zero research into bitcoin, and > yet he is an expert on it. > > > > Now, I'm not saying bitcoin is a good investment, but I am saying that > Dave clearly doesn't understand what it is, or what makes it valuable. In > fact, he gets things exactly 180 degrees wrong. Bitcoin's strengths are > that it doesn't depend on a government backing it. Like gold or silver, and > unlike paper money, bitcoin has an inherit value (a hard to find number > with certain cryptographic properties). > > > > He also conflates the the failure of MtGox with the bitcoin currency > itself. That's a bit like saying dollars are junk because some savings and > loans failed during the 70s (which weren't FDIC insured and real people > lost real money). > > > > *From:* [email protected] [mailto: > [email protected]] *On Behalf Of *Webster > *Sent:* Thursday, March 06, 2014 2:17 PM > > *To:* [email protected] > *Subject:* RE: [NTSysADM] OT:Bitcoin > > > > Just because he thinks Bitcoins are a pile of crap and a scam? > > > > > > Webster > > > > *From:* [email protected] <[email protected]> > on behalf of Ken Cornetet <[email protected]> > > *Sent:* Thursday, March 6, 2014 12:28 PM > *To:* [email protected] > *Subject:* RE: [NTSysADM] OT:Bitcoin > > > > I have great deal of respect for Dave's financial philosophy and advice > for the most part, but Dave long ago lost the distinction between his > opinions and facts. > > > > *From:* [email protected] [ > mailto:[email protected] <[email protected]>] *On > Behalf Of *Rod Trent > *Sent:* Thursday, March 06, 2014 12:59 PM > *To:* [email protected] > *Subject:* RE: [NTSysADM] OT:Bitcoin > > > > Oh, he does. He says it pretty plainly. > > > > > > *From:* [email protected] [ > mailto:[email protected] <[email protected]>] *On > Behalf Of *Tigran K > *Sent:* Thursday, March 6, 2014 12:37 PM > *To:* [email protected] > *Subject:* Re: [NTSysADM] OT:Bitcoin > > > > He doesn't understand what bitcoin is. > > > > > > On Thu, Mar 6, 2014 at 9:21 AM, Rod Trent <[email protected]> wrote: > > To me...this pretty much explains the whole Bitcoin scam... > > > > http://youtu.be/32l1ht1wlLI > > > > *From:* [email protected] [mailto: > [email protected]] *On Behalf Of *J- P > *Sent:* Thursday, March 6, 2014 12:02 PM > *To:* [email protected] > *Subject:* [NTSysADM] OT:Bitcoin > > > > > http://www.pcworld.com/article/2105280/10-questions-on-the-mt-gox-implosion.html > > > > > Jean-Paul Natola > > > >
