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Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin - Business - Nairaland

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Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin by LordLugard1: 1:54pm On May 11, 2021
Mark, the founder of Facebook just posted on his Facebook page his goats and named them Max and Bitcoin.
On my analysis, I take this as a mockery of the Bitcoin digital currency. Why will he name his goat Bitcoin among other names he can choose. Recently there had been many criticss of the Crypto currency including Worren Buffet

Here are Buffett's 16 best quotes about Bitcoin and crypto, edited and condensed for clarity:
1. "Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero." - CNBC, February 2020

2."It's ingenious and blockchain is important but Bitcoin has no unique value at all, it doesn't produce anything. You can stare at it all day and no little Bitcoins come our or anything like that. It's a delusion basically." - CNBC, February 2019


3. "If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end." - CNBC, May 2018

4. "In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending . If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth." - CNBC, January 2018

Read more: GOLDMAN SACHS: Buy these 25 stocks best-positioned to juice profits in 2021 as stimulus and vaccine progress spur economic growth

5. "Probably rat poison squared." - Fox Business interview at 2018 meeting

6. "It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope Bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view." - CNBC, March 2014 .


7. "It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. It is not a durable means of exchange, it's not a store of value. It's been a very speculative kind of Buck Rogers-type thing and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago." - CNBC, March 2014

8. "A rising price does create more buyers and people think 'I've gotta get in on this' and it's better if they don't understand it. If you don't understand it you get much more excited than if you understand it." - CNBC, May 2018

Read more: 'Extremes are becoming ever more extreme': A Wall Street strategist who sounded the alarm before last year's 35% crash showcases the evidence that a similar meltdown is looming

9. "It will feed on itself for a while and sometimes for a long while and sometimes to extraordinary numbers. But they come to bad endings and cryptocurrencies will come to bad endings." - discussing speculative bubbles at Berkshire's shareholder meeting in 2018 .

10. "You're going to be a lot better off owning productive assets over the next 50 years than you will be owning pieces of paper or Bitcoin." - CNBC, March 2014


11. "I get in enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don't know anything about? We don't have to know what cocoa beans are gonna do, or cryptocurrencies, we just have to focus on eight or 10 stocks."- CNBC, January 2018

12. "It draws in a lot of charlatans. It's something where people who are of less than stellar character see an opportunity to clip people who are trying to get rich because their neighbor's getting rich buying this stuff that neither one of them understands. It will come to a bad ending." - 2018 shareholder meeting

Read more: Michael Saylor has invested over $1 billion of MicroStrategy's funds in Bitcoin. The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset.

13. "Bitcoin has been used to move around a fair amount of money illegally. The logical move from the introduction of bitcoin is to go short suitcases because the money that was taken in suitcases from one country to another - suitcases will probably fall off in demand. You can look at that as the economic contribution of bitcoin to the society." - CNBC, February 2020

14. "We don't own any, we're not short any. We'll never have a position in them." - CNBC, January 2018


15."I don't have any Bitcoin. I don't own any cryptocurrency, I never will. I may start a Warren currency, maybe I can create one and say there's only going to be 21 million of them. You can have it after I die but you can't do anything with it except sell it to somebody else." - CNBC, February 2020

16. "I'm really sorry it happens because people get their hopes up that something like that is gonna change their lives." - CNBC, February 2019

Let's watch out as things may unfold.
What is your opinion

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Re: Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin by Nbotee(m): 1:59pm On May 11, 2021
So what was he making mockery of by naming the other one Max??
Re: Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin by Nobody: 2:03pm On May 11, 2021
and the max was to mock iPhonegrin
Re: Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin by Totilopussylick(m): 2:20pm On May 11, 2021
My neighbor breed pigs.


He named one Osibanjo.

And another

He named it Buhari wink.
Re: Mark Zuckerberg's Goats May Just Be A Mockery Of The Bitcoin Digital Coin by Olatunji1929: 3:07pm On May 11, 2021
you got it, you can decode that from his response to one comment

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