I’ve written a lot about cryptocurrency (still a misnomer) and you can read from the list below. At one point, I really did like the idea of digital assets and in some cases it still makes sense, just not a the prices people are paying right now.
- Crypto Will Not Save The World
- The Crypto Adoption
- The Future is Decentralized?
- on Cryptocurrency (Original)
- on NFT’s
In 2015, I thought Bitcoin was huge buy at around $200 based on all the VC money getting into it. I still thought it was a fraud as money and even its original thesis was complete garbage.
Better transaction? Not even close.
Limited Supply? So What, there are thousands of coins now.
Money? Be careful. Only a sovereign government can print money.
The reality is that it’s a huge ponzi scheme with no real value. Debate it all you want. Even if it becomes the money of the internet, it’ll still be a ponzi. The video below sums it up pretty well straight from the mouth of crypto’s largest exchange FTX. Also, check Berkshire Hathaway’s annual meeting for updates on Buffett and Munger’s thoughts.