Oddbean new post about login | logout Old rich guy who can barely send emails thinks america should follow communist china's lead and ban freedom money. https://i.imgur.com/rGTlla9.jpg
Famous US investor who understands bitcoin completely and doesn’t want his bags to get rekt.
Old rich guy who got rich due to money printing correctly identifies a threat to the money printer as a threat to his empire.
I stopped paying attention to Munger & Buffett. They got into a majority of their investments when they were cheap (like Apple when it was half price).
But if he’s referring to #shitcoins, doesn’t he have a point? Problem is people conflating #bitcoin with “crypto”
Would be hard for him to get used to the new "system", so he insists to keep the old.
As Charlie says - follow the incentives. His wealth and fame is mostly driven by a stealth tax on the rest of society…this makes perfect sense. Good thing he has no power in an open, decentralized and secure protocol that gets stronger with each additional user that takes away his stealth tax.
Someone should send Munger a telegram: Bitcoin, not crypto stop
Like saylor likes to say. Do you go to your grandfather for advice on technology?
Who goes to his grand father for tech investment advice?
WSJ is a communist rag.
I bet he is still using some dumb phone like Nokia to send SMS to people (no hate to Nokia btw). Or even worse, he uses a pager📟😆
