Warren Buffett And Tim Cook Snub Blockchain As Corporate Giants Embrace

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Warren Buffett and Tim Cook aren't blockchain fans Global2000

for using blockchain to “stamp” digital documents with a time, allowing their movement to be more accurately tracked and potentially helping prevent fraud. Five years ago, the patent generated some waves in the media, but now that IBM , Xerox and others have filed similar patents, the project is about as close to white bread as blockchain gets. Probably just a defensive measure in a world dominated by open source technology.

There’s a couple likely possibilities why Tim Cook and Apple might be letting blockchain pass them by. First of all, Apple Pay was designed to solve many of the problems cryptocurrency solves, including slow transactions, and difficulty making retail purchases globally. While payments rails like PayPal and Square have adopted bitcoin, they also let customers buy-and-hold the asset, more like an investment vehicle than a means of payment, something Apple may be wary to do.

If Apple’s dearth of blockchain work is surprising, it’s frankly more shocking that Berkshire Hathaway has had anything to do with it at all.

Source: News Formal (newsformal.com)

 

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We thought Warren Buffet indirectly invested in a 'Crypto-Friendly Bank' & Apple wants to hire Crypto experts for its 'Alternate Payments Team.' 👀

Who's fooking cares?

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Ahhh! Very familiar...blockbuster?. Sorry but tech is taking over.

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🇮🇪This is only about the Millionth time you’ve posted this, who gives an actual flying fcuk 🤷🏽‍♂️ Time for Warren to go coffin shopping. May I suggest the green shiny one. Bitcoin blockchain PenniesFromHeaven

Crypto Because they will die before seeing the immense profits.

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Because they're too old to understand it.

Crypto Yesterday they was and today not 🤔

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Dinosaurs will Die.

Crypto Their age is against them, soon enough they'll be out of the picture.

Crypto Lol yeah they're not fans but investing in crypto Exchanges is a boss move ,they'll ready a head of the game 🤑

Crypto Dead meat

Crypto We honestly dont care!

Crypto Warren buffet is too old with all his money now

Crypto It’s okay they’re too old anyway, soon they’ll meet their creator. Businesses should listen to young leaders opinions ‘coz they will lead the future not the old and dying ewarren tim_cook warrenbuffet658

Me neither

Crypto Watch what they do not what they say. Buffet has indirectly invested in crypto already. Apple is developing a digital wallet for Apple Pay and looking for workers with crypto expertise. Don’t fall for it.

Crypto How many times are you going to repost this article?

Crypto Old man yells at bitcoin.

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