American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan” author Nassim Taleb.
Bill Maher Admits He Doesn’t Get Bitcoin
Television host and political commentator Bill Maher mocked bitcoin and other cryptocurrencies on his Real Time with Bill Maher show Friday. Naming bitcoin, dogecoin, and a few other cryptocurrencies, he said as far as he is concerned, dogecoin is “the same as all the other cryptocurrencies because the whole thing is a joke.” He called dogecoin “Easter bunny cartoon cash,” and likened cryptocurrencies to Tinkerbell’s light. “Its power source is based solely on enough children believing in it,” he asserted.
Claiming to have read articles about cryptocurrencies and had it explained to him, Maher said:
I still don’t get it and neither do you or anyone else.
Maher then talked about Satoshi Nakamoto, stating that the pseudonymous bitcoin creator’s names “are the Japanese words for monopoly money.”
He then said “money had to originate from and be generated by something real somewhere, to which cryptocurrency says no it doesn’t,” and quoted Berkshire Hathaway’s CEO, Warren Buffett. “Maybe this is why Warren Buffett says, ‘cryptocurrencies basically have no value and they don’t produce anything. What you hope is that somebody else comes along and pays you more money for them later on, but then that person got the problem. In terms of value: zero.’”
The TV host then quoted the author of The Black Swan, Nassim Taleb, who said that bitcoin is “an open ponzi scheme.” Maher added, “It’s like having an imaginary best friend who’s also a banker,” noting how the world economy crashed in 2009.
Maher then attacked the power needed for bitcoin mining, citing Microsoft founder