Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
blog.evergreengavekal.com
Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
1–10 of 280 posts
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#2[deleted]
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#3Those grapes sure are sour.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#4I...what. What kind of comment is that? It's just a meaningless remark.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#5"And I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth"
You mean like cash?
I'm sorry, I'm sure Warren is a nice guy but that picture reminds me of the Dukes in the movie Trading Places [1] with Eddie Murphy and Dan Aykroyd.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#6In other news, the Bloomberg Agriculture Index (price of food) is hockey-sticking: https://twitter.com/KarelMercx/status/1387108408139161600
At the least, bitcoin is a possible way to protect against this, if you think it's a risk.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#7The context of the quote:
> I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth... So, I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.
I find it strange to criticize an asset for how it gets used in extremis. I feel like the same criticism could be levied against the dollar.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#8[deleted]
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#9Working together is in the best interest of humans. Humans require trust to operate. A system designed around mistrust is inherently against our nature.
Re: Berkshire: Bitcoin is ‘contrary to the interest of civilization.’
#10If you think of all investments as a bet, what are you betting on when you buy crypto?
In my opinion, you're betting that crypto will be useful as an exchange of value, which means the people exchanging it are either: A) criminals or B) living in a failed state.
Personally, if crypto becomes so widely used that it justifies its market caps, that means a lot of states have failed, and I don't want to live in (or bet on) that world.
It's also scary that some very rich and powerful people are betting against our society continuing to be viable.