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9dashline

Captain
Registered Member
Damn. An opinions coordinator is a pretty good euphemism for Propagandist and Brainwasher.
Fancy title, USA is full of fake jobs these days, I know that personally...

Did this dude go to the school of Narrative Logistics to throw his own race under the bus as a sellout? He can turncoat as hard as he wants and Uncle Yang himself but the day will come where he too is throw out as the disposable garbage that he is....
 

NiuBiDaRen

Brigadier
Registered Member

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Charlie Munger says he wishes cryptocurrencies had ‘never been invented’ and admires China for banning them​

Published Fri, Dec 3 202110:54 AM EST

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Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.

Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.
Johannes Eisele | AFP | Getty Images

Billionaire investor Charlie Munger
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of cryptocurrency. “I wish they’d never been invented,” Munger said at the Sohn conference in Sydney on Friday,
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.

“I admire the Chinese, I think they made the correct decision, which was to simply ban them,” Munger added.
This year, interest in digital assets surged, with the cryptocurrency market briefly
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in November and top coins, like
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, hitting record highs.

This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that
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amid the Covid-19 pandemic.

“Of course
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,” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”

“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.

Of course, bitcoin supporters would disagree with Munger. They believe bitcoin is a store of value that can be used to hedge against inflation. They’d argue that bitcoin is a sound peer-to-peer financial system.

But Munger has consistently criticized bitcoin for its extreme volatility.

“It’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin,” Munger said at the annual
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. “Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable.”

Bitcoin is currently trading at
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, according to Coin Metrics, with a market value of over $1 trillion.
I previously wrote why I think crypto is a fucking piece of shit. I'm glad I'm on the same page as Munger
 
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