Warren Buffett gets Bitcoin just fine. He plays a lovable old man who invests in value stocks, and crapping on things with no intrinsic value is part of his act. (1/5)
In reality, Warren Buffett is a value investor the same way that payday loan sharks are value investors. He acquires assets from distressed debtors at extortionate rates. He gets away with it because he's adorable. (2/5)
I think this is true of many prominent nocoiners -- eg @paulkrugman, @Nouriel, etc. They've been consistently wrong about bitcoin for over half a decade, yet never bother to educate themselves about the technology (3/5)
For a long time, I thought maybe they were old and a bit slow on the uptake, and felt bad for them. But after last week's outburst, it hit me -- They're not imbeciles; they're simply performance artists! And now I have renewed respect for these folks. (4/5)
...which brings me to #FF: Notable Nocoiners!
It's important to hear dissenting opinions. Here are contrarians who provide thoughtful arguments against Bitcoin instead of spouting the usual nonsense: 5/5
@prestonjbyrne
@davidgerard
@cullenroche
@izakaminska (pre-2015)
@jp_koning
It's important to hear dissenting opinions. Here are contrarians who provide thoughtful arguments against Bitcoin instead of spouting the usual nonsense: 5/5
@prestonjbyrne
@davidgerard
@cullenroche
@izakaminska (pre-2015)
@jp_koning
