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Billionaire Warren Buffett says buying Bitcoin is “mathematically dumb”

The sound of cold water being poured on cryptocurrency zealots…:

[…] Can you imagine a real bank with real money being hacked and having 2% of its assets stolen, and having to close for business for a week? No, I can’t either.

Cyber-security experts have suggested that Bitcoin exchanges need to beef up their security to the kind of levels employed by the banks if they want to attract and protect customers. But here’s an idea: if you want a facility for financial transactions, which is accepted by just about everyone and is as safe as a bank, why not use… a bank?


Original article here

Peter Glock
Over 30 years of designing, building and managing telecoms and IT services. Primarily working with large enterprise and professional services businesses in Asia, North America, continental Europe and the UK. Information security professional, secret physics nerd.

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