Interesting quote,"I think Bitcoin is Rat Poison".
I agree. The banks are the Rats.
The full quote is even funnier. Gotta love when people admit they have no clue but still go on to share their opinion.
Interviewer: Do you understand what they're trying to do with it?
Charlie Munger: No.
Interviewer: What do you think of it?
Charlie Munger: I think it's rat poison.
Yeah, that was pretty great. Munger can only offer dismissive insults because he is obviously incapable of understanding Bitcoin and thus developing an informed opposition. This question clearly struck a nerve with him, probably because something in his lizard brain detects a threat but his inability to understand the issue is frustrating him. I think that his reaction betrays underlying fears that his understanding of the world and his legacy are in jeopardy. Gates on the other hand understands technology and is not threatened by it, his legacy is well established, he is both a hero and a villain but he has definitely helped to shape the future.