Post
Topic
Board Economics
Re: bitcoin is a rat poison?
by
Mandoy
on 23/06/2017, 08:16:42 UTC
****9****



https://www.reddit.com/r/Bitcoin/comments/6iubil/warren_buffet_said_bitcoin_is_rat_poison/

This post in reddit is very controversial as different groups are arguing as to who is the person responsible for calling bitcoin as a rat poison. The debate is still going on as one side says that  Charlie Munger and the other parties said that it was Warren Buffet. I dont know what or whom to believe. So anyone among you who knows the real story and is willing to share who is the real culprit.

Quote
Host: We need to talk about Bitcoin in a minute. I can't wait to hear what Charlie Munger has to say about this. Let's bring in Charlie Munger, the vice chair of Berkshire Hathaway, Bill's gonna move over so you can come sit in. Good morning, Charlie.

Charlie Munger: Good morning.

Host: I just had to get your thought on Bitcoin, this... this... this digital currency that's out there that people say, oh it might be the next big thing. What do you think?

Charlie Munger: I think it's rat poison.

Warren Buffet: Put him down as undecided.

Host: Do you understand what they're trying to do with it?

Charlie Munger: No, but I regard it as deeply flaky.

Host: Deeply flaky, OK, Bitcoin - Bill, what do you think?

Bill Gates: I think it's a technical tour de force, but that's an area where governments are gonna maintain a dominant role.

Host: Bill, Warren?

Warren Buffet: I think either Charlie or Bill is right.

Host: Either one of those guys.

This statement was made by Charlie Munger about four years ago, it might have been somewhat controversial if he had said something like that now. But four years, just irrelevant.

https://www.reddit.com/r/Bitcoin/comments/1dx6rq/bill_gates_bitcoin_is_a_techno_tour_de_force/

http://video.foxbusiness.com/v/2359385547001/

Thanks for your answer it was of big help. Me and my colleagues were already debating and started to make our cursor move and look for the real culprit in google. But as soon as you mentioned it our debate stopped. Well maybe today Charlie Munger changed his mind already since bitcoin has improved a lot since then.