Bitcoin to be a 'Delusion', Warren Buffet Says

Looks like mister Buffet's opinion hadn't changed a bit
26 February 2019   586

The legendary investor and head of Berkshire Hathaway Warren Buffett has not changed his attitude to Bitcoin. In an interview with CNBC, he called the first cryptocurrency a delusion. At the same time, he stressed that he explained the nature of the blockchain technology and digital assets.

Bitcoin has no unique value at all. It is a delusion, basically. It attracts charlatans. If you do something phony by going out and selling yo-yos or something, there's no money in it — but when you get into Wall Street, there's huge money.
 

Warren Buffett

Head, Berkshire Hathaway

In 2007 the head of Berkshire Hathaway and the legendary investor Warren Buffett put $ 1 million on the fact that the S & P 500 stock index will surpass the dynamics of a group of five hedge funds over 10 years. In early December last year, Morgan Creek decided to make a bet for the same amount, putting on the fact that cryptocurrencies would surpass the S & P 500 for the same period.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1224

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.