I’m on the train going home, and my phone alerts me to some BTC news; it’s a smart phone with a lot of ideas. Anyways, some corporate soul selling fuckstick named Charlie Munger decided to give his opinion on trading cryptocurrency. He said:
Suppose you could make a lot of money trading freshly harvested baby brains. Would you do it? To me Bitcoin is almost as bad. I regard the whole thing as a combination of dementia and immorality. I think the people pushing it are a disgrace. There ought to be some things that are beneath you, that you just don’t do, and this is one. I think people who are professional traders that are going to trade cryptocurrencies, it’s just disgusting.
The fuck? A complex series of algorithms that make up a digital currency which provides value, unlike fiat currencies used today (namely the US Petrol Dollar), is akin to harvesting baby brains and trading them on the black market. He and his old friend George Soros would know so much about that.
His response to cryptocurrency is fueled by fear and the growing realization there is nothing he or anyone else on Wallstreet can do, but accept the tides of change, and adapt or die.
Change isn’t just neccessary, it’s inevitable. Comparing peaceful alternatives like cryptocurrency to horrific inhumane acts of baby brain harvesting isn’t even in the same stadium.
This is very much the same as people who wish for a nuclear holocaust just so Trump isn’t awarded a Noble Peace Prize for ending the Korean war; what the fuck is wrong with you?