Last year, at Berkshire Hathaway’s annual meeting, Buffett said he didn’t own any cryptocurrency and wouldn’t recommend it to others. “I can say almost with certainty that cryptocurrencies will come to a bad end,” he said at the time.
That doesn’t mean that Buffett is against all digital currencies. In fact, he’s a big fan of Ethereum.
At a recent conference, Buffett said that he believes Ethereum is a “miracle”. He praised the cryptocurrency for its ability to create smart contracts and for its potential to change the world.
NOTE: WARNING: Investing in Ethereum (or any other cryptocurrency) is highly speculative and carries a high degree of risk. Before investing, you should do your own research and consult a qualified financial professional to determine whether investing in Ethereum is suitable for you. Warren Buffett has not commented publicly on Ethereum, and his views may not reflect the views of the general public.
Buffett is not alone in his praise of Ethereum. Many experts believe that Ethereum is the most promising cryptocurrency on the market today.
And with good reason: Ethereum has the largest market cap of any cryptocurrency, and it’s still growing.
So what does Warren Buffett say about Ethereum? He thinks it has the potential to be a “miracle”.
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Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a programmable blockchain. It means that developers can create applications on Ethereum.
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What is Ethereum? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation.
When people talk about Ethereum, they are usually referring to the Ethereum blockchain and the associated cryptocurrency, ether. However, Ethereum is much more than just a digital currency. It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is how the Internet was supposed to work. As a platform, Ethereum enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger of Ethereum is a decentralized database that keeps track of the balance of all accounts.