Why The Old Guard Hates Bitcoin

Via Bonner & Partners blog,

Legendary investor Warren Buffett recently called bitcoin “rat poison, squared.” Cryptocurrency expert Teeka Tiwari acknowledges Buffett is the undisputed master of value investing. But as today’s guest editor, Teeka shows why the Oracle of Omaha is out of his league with cryptos...

Bitcoin is “antisocial, stupid, and immoral.”

That’s how investing legend Charlie Munger described the most popular cryptocurrency in the world.

Munger is the right-hand man of Warren Buffett… and vice chairman of Buffett’s Berkshire Hathaway company.

Yahoo! Finance interviewed Munger during the company’s annual meeting in May. That’s when he called bitcoin a “combination of dementia and immorality.”

(Note to Charlie: Bitcoin is probably the most moral currency out there. Unlike the U.S. dollar and other fiat currencies, central bankers can’t print bitcoin into oblivion. So its value doesn’t erode through inflation.)

But Munger didn’t stop there…

“Suppose you could make a lot of money trading freshly harvested baby brains,” he continued. “Would you do it? To me, bitcoin is almost as bad.”

Not to be outdone, Buffett then likened bitcoin to “rat poison, squared.”

I’m not exactly sure how bitcoin and baby brains are related… But I do think good old Charlie is out of his league here.

Look, Munger and Buffett have imparted tons of investing wisdom over the decades. I’ve studied both legends in depth… especially when it comes to their specialty – value investing.

But I think they’re absolutely off the mark when it comes to the new cryptocurrency asset class.

New World Order

It’s been 22 years since I’ve seen a bull market like the one we’re in now with cryptocurrencies.

I can’t overstate how profound this is…

I won’t blame you if you think bitcoin is just a fad… or akin to “rat poison, squared.”

Why would you put your trust in a digital construct like bitcoin? On the surface, it seems like madness. It flies in the face of sensible wealth-building – the kind that legends like Buffett and Munger advocate.

But consider this: Bitcoin is now nine years old. That’s three years older than the internet bubble. It’s outlived the real estate bubble and the financial crisis… and it’s now worth about $128 billion.

In recent times, it’s outpaced the run-up in stocks, bonds, gold, and silver. Has the whole world gone mad? Is bitcoin just a “hyper-bubble”?

I understand if you have reservations about cryptocurrencies like bitcoin…

In a “normal” world, I’d tell you that bitcoin is a dumb idea. In a “normal” world, bitcoin would be nothing more than a geek-centric curiosity.

But we do not live in a “normal” world anymore…

That’s why I’m writing to you. I want to show you why cryptocurrencies belong in everyone’s wealth-building plan.

We’re Not in a “Normal” World

We can thank the relentless power grab by the world’s governments and central banks for making bitcoin and other cryptocurrencies a viable financial product.

Let me explain…

As governments impose their will on the population… people will use digital currencies like bitcoin to win back their freedom of choice.

Whether it’s the loss of financial privacy… the devaluation of paper money… capital controls in China and elsewhere… or government-sponsored payment bans… digital currencies like bitcoin are stepping in to bridge the gap between what the people want… and what governments will “let” them have.

Cryptocurrencies like bitcoin meet two needs that no other conventional asset can: freedom and virtual anonymity.

As governments seek more and more control, they’re actually creating a bigger and bigger market for bitcoin and other digital currencies.

As we see governments trample citizens’ rights even further, it will be cryptocurrencies that step in to give us our freedom back.

Naturally, this makes a certain type of person nervous…

The Old Guard Doesn’t Like Bitcoin

Buffett and Munger aren’t the first smart guys to underestimate bitcoin.

In 2013, famed economist Paul Krugman penned an article titled, “Bitcoin Is Evil.” And he still stands by that position. In 2016, he said that bitcoin was in a “bubble” when it was at just $350. Since then, bitcoin is up over 2,000%. That shows you how smart Krugman is.

In 2014, Seth Klarman (another one of our favorite value investors) said that “bitcoin is yet another bandwagon we are happy to let pass us by.” Since then, bitcoin has risen as much as 50 times higher. If your money manager said that he was okay with leaving a 50-bagger on the table, how long would you keep him around?

In 2017, JPMorgan Chase CEO Jamie Dimon said that he’d fire any of his employees who traded bitcoin for being “stupid.” He also called bitcoin a “fraud.” (Dimon later said that he regretted calling bitcoin a fraud.)

Notice any similarities?

Not only were these guys wrong… they missed out on the greatest investment opportunity of the 21st century.

At writing, bitcoin is up 9,642,757% since 2010. That’s right. If you invested $100 in bitcoin eight years ago, it would be worth about $9.6 million today.

Now, these guys are successful, and they’ve made billions. But cryptos aren’t their area of expertise.

If Charlie Munger told me about a great value idea, I’d back up the truck and buy. But I wouldn’t listen to his advice on bitcoin.

But that’s not the biggest reason why I choose to ignore them.


Do you know how much JPMorgan has paid to settle allegations of fraud during Jamie Dimon’s tenure? It’s in the billions.

And there’s more… We’ve come to discover that while Dimon was calling bitcoin a fraud and knocking the price lower, his traders in London were actually buying bitcoin.

Recently, Munger called bitcoin a “noxious poison,” while at the same time saying that Wells Fargo (Berkshire’s second-largest position) should be given a break by regulators.

Think about that.

Wells Fargo has been fined billions of dollars for falsifying millions of customer accounts… mortgage records… and auto insurance records – all to pump up fees. And Munger says that they should be given a “break.”

I can barely breathe through the hypocrisy.

In a blockchain world, Wells Fargo could never commit the fraud it’s been found guilty of. That’s because records are tamper-proof when they’re secured by a blockchain. No wonder the bankers and the old guard are so scared. In a blockchain-enabled world, we don’t need their institutions.

I’ll leave you with this thought…

If you are a lover of personal freedom, then you owe it to yourself to get educated on how digital currencies can liberate you from the limitations, onerous fees, and stifling regulations of our current financial system.

Let the Game Come to You!


Wild Bill Steamcock lester1 Sat, 07/21/2018 - 16:11 Permalink

As a business owner I cannot accept bitcoin when the price often plunges -5% in a day. No way to plan my business for that. It's no way a store of value.

Bitcoin's unstable price will be the thing that eventually kills it.

I have yet to see from the bitcoiners an adequate response to the two points you've laid out here.


Edit: A down vote (not that I give a shit) but no goddamned response to the problem posed...take 30 seconds to educate us for fucks sake

In reply to by lester1

vega113 Wild Bill Steamcock Sat, 07/21/2018 - 16:25 Permalink

The response is:
1) you would accept bitcoin if all the rest alternatives are even worse or non-existent. Bitcoin does not need to be better than USD to have a use, it needs to be better than the shittiest currencies where population is trapped and can't exit into dollar due to capital controls/inability to access western banking system.
2) Is is "unstable" but is going up in price. Dollar is stable, but can explode/implode any time. Get some Bitcoin as a hedge. The petro dollar scheme is slowly breaks up.

In reply to by Wild Bill Steamcock

nope-1004 vega113 Sat, 07/21/2018 - 16:29 Permalink

The basic assumption of the article is that .GOV isn't involved somehow in bigcoins' creation.  Yet, the big backers of the USD and its reserve status (JPM, GS, WF, BAC) willfully allows futures to be traded in bigcoin.  And of course the Fed is aware of its existence, but doesn't shut it down.

So how is this new monetary instrument out of banker control exactly? Remember the dude who minted his own coinage from silver?  He was prosecuted immediately, yet bigcoiners face no such threat.  That tells me that .GOV is accepting of it, which also means they are working with it somehow.

That's not a free and fair currency.

In reply to by vega113

nope-1004 Spaced Out Sat, 07/21/2018 - 17:03 Permalink

First of all, why would the Fed want to shut something down that it had a hand in creating in the first place?  But to answer your question, assuming they aren't in on it:  Outlaw it and prosecute / invade / murder anyone accepting it as legal tender.  The Fed is the MIC.  The MIC exists to protect the USD and its reserve status.  The MIC is not there to protect our borders and national security per se, but national security exists as long as the USD is the reserve currency.  The game has a lot at stake, so defending USD status is key.

Remember when Mubarek wanted to settle trade in something other than the USD?  Remember when Qaddafi wanted to trade in gold?  Remember when Hussein wanted to sell oil in Euros?  Where are they now and why did their countries get invaded?

There is a commonality among those that purposely evade the USD.  Same with the dude who minted his own coinage in the US.  IMMEDIATELY these people are taken to task, either prosecuted or killed.

Yet we are to believe that some closet computer geek invented a new world wide currency that is out of Fed control?  And because it is so elusive, the big banks said "Aw, f'it, we've been beaten so let's trade futures in it".

Makes no sense to me.  Curious to know how it makes sense to you.

The only thing that makes sense to me is .GOV is in on it.


In reply to by Spaced Out

Spaced Out nope-1004 Sat, 07/21/2018 - 17:12 Permalink

All those words and the only actual answer you offered is: "Outlaw it and prosecute / invade / murder anyone"....

Exactly the way they "shut down" the drugs trade/file sharing/money laundering/etc, etc, etc. (Which worked really well, btw!)

Any more bright ideas genius?

And fyi, bitcoin makes sense to me because I've made a fucking fortune :D

In reply to by nope-1004

nope-1004 Spaced Out Sat, 07/21/2018 - 17:23 Permalink

Exactly the way they "shut down" the drugs trade/file sharing/money laundering/etc, etc, etc. (Which worked really well, btw!)

The big banks and the us military are the biggest drug importers dude.  You really need to do this research you so elegantly pass off to everyone else.

Your answers prove to me that you're completely blinded by the fact that you made a bit of coin and care not for the future of our country.  In addition, you throw out assumptions like the "drug trade" without fully thinking through just how 55 tons of drugs could possibly enter the US every month.  Hint:  It ain't in the wheel wells of your aunties broken Pinto.

Do yourself a favor and stop posting.


In reply to by Spaced Out

Spaced Out nope-1004 Sat, 07/21/2018 - 17:30 Permalink

So if the banks and the military let drugs happen, why would the banks (who you claim are behind bitcoin) suddenly decide to "shut it down"?

Logical consistency would be useful! No surprise you're still chiselling away after 23 years in business. Asshole :)

(And, dude! I'm not from your country....the word "decentralised" should have given that away to anyone with an education :/)

In reply to by nope-1004

nope-1004 Spaced Out Sat, 07/21/2018 - 17:41 Permalink

So if the banks and the military let drugs happen, why would the banks (who you claim are behind bitcoin) suddenly decide to "shut it down"?

You've answered your own question and we've gone in a complete circle.  But if that's how your brain works, then ok I'll be patient.  The fact that bigcoin is not being shut down is the reason why, I believe, the Fed and .GOV are in on its creation.

Logical consistency would be useful! No surprise you're still chiselling away after 23 years in business. Asshole :)

I think you've got the wrong person and meant to address Toxicosis below, with whom you've been arguing, as it is he who said he's been in biz for 23 yrs.  So my advice to you is:  LOGICAL CONSISTENCY WOULD BE USEFUL!

Now this is my last post in response to you, only because I feel bad that your mental capabilities are so low.  Calling me names is totally cool, don't mind it at all.  But I think you're too weak to engage, so I'll leave it at that.


In reply to by Spaced Out

Greyhat kaosstar Sun, 07/22/2018 - 06:53 Permalink

Bitcoin is stabilizing "the existing system" and prevents a concerted "controlled reset" in favor of the 1%.

Because its not clear in wich direction the 99% masses would move in case of a reset event.

The 99% have a choice now between crypto currencies and the new official dip in case of a reset.


So .gov and the 1% have to continue to kick the can, wich makes them a little furious. :)

In reply to by kaosstar

1 Alabama nope-1004 Sat, 07/21/2018 - 17:12 Permalink

you'd have to be an established worlds policeman to achieve what you are suggesting, this is proving to be an expensive endevor, the military has no moral capital, they are broke completely, standing on animal spirits ready to trigger at any given moment, or about to go completely nuts and take 1/2 their public animals w/them.  So anyway, I dont think it can be done

In reply to by nope-1004

MANvsMACHINE 1 Alabama Sat, 07/21/2018 - 17:30 Permalink

Does Buffet and Munger invest in FAANG stocks and if so, did they do so in the early days of these companies?

The answer to that is a resounding NO.

Did they shit talk these companies at some point in the past, I don’t know but it wouldn’t surprise me if they did.

Therefore, they aren’t qualified to opine on Bitcoin or cryptos with any authority.


In reply to by 1 Alabama

Yellow_Snow 1 Alabama Sat, 07/21/2018 - 18:17 Permalink

"We can thank the relentless power grab by the world’s governments and central banks for making bitcoin and other cryptocurrencies a viable financial product. As governments impose their will on the population… people will use digital currencies like bitcoin to win back their freedom of choice."

or simply...


In reply to by 1 Alabama

centipede 1 Alabama Sat, 07/21/2018 - 18:17 Permalink

Buffett and Munger really might know jack shit about bitcoin but what if many other evil (Buffett/Munger like) billionaires start to create out of thin air many other cryptos with superior and better properties than bitcoin? What will happen to the price of bitcoin? Is there any limit for the competitive cryptocurrencies? There is 1600 of them already.

It amazes me how easily some people let themself get duped into believing that bitcoin is safe and irreplaceable. This article is without any merit and blatantly stupid. The only "argument" it uses is the fact, that the price of bitcoin is rising despite the badmouthing of corrupt billionaires. That is irrelevant and outright ridiculous. It guaranties nothing in the future.

Allegedly bitcoin gives you "freedom and anonymity". Sure, but freedom to choose one of thousands (possibly zillions) similar ponzi schemes. And how are you going to get your bitcoins back in the case of a fraud, failed delivery of goods, faulty product ... if you are anonymous? And how exactly is the merchant of the real products you got from him via mail to your address going to protect your anonymity if the IRS knocks on his door?

In reply to by 1 Alabama

2rigged2fail nope-1004 Sat, 07/21/2018 - 18:05 Permalink

Good argument and this is from a huge BTC fan...what i'm hoping is that the FED did not have anything to do with it....one can hope, right?  We know for certain the illuminati $ is their creation.  Even if BTC was made outside the system, by now they control it.  It's a measly 120 B $$.  Fire up the printing press and buy most of the supply in a year.  I'm sure that has happened.  

In reply to by nope-1004

Croesus Spaced Out Sat, 07/21/2018 - 17:46 Permalink

@Spaced out

Here's the thing about government...and it's ALWAYS been the case, regardless of which, when, where, who, or why:

When the rules don't work in the governments' favor, they just go and change the rules.


The guys who think "It can't happen to me (this, in this case)", create a blindspot for themselves. I hope it doesn't work against them...imho, it never hurts to be cautious.

Regardless of what I've ever put money into, I've always taken my initial investment off the table, and played my hand with the profits. I won't say it's the right answer for anybody else, just that you can't go wrong playing the game in a smart way.

In reply to by Spaced Out

LewisDodgson Wild Bill Steamcock Sat, 07/21/2018 - 16:43 Permalink

In 30 seconds... Lightning network, which they are still developing (VERY CAREFULLY) will allow consumers to make "off-chain" transactions very cheaply. These transactions will be settled on the blockchain by larger transactions / players.

It works in the same manner that Gold transfers between countries work to settle trade deficits. 

Your groceries, morning coffee, or meal will be off-chain. But all those accumulated off-chain transactions are then put on the chain when someone buys a car, or a house, or a large shipment of coffee or groceries, settling everyone up. 

This works nicely for privacy, as most of your purchases aren't permanently on the chain, and it keeps the size small enough to allow miners to continue to be anyone (vs Bitcoin Cash, which will grow the blockchain so large that only huge players will be able to mine). 

That's as best I can understand it anyhow.

Here's a video...


In reply to by Wild Bill Steamcock

Krink26 LewisDodgson Sat, 07/21/2018 - 17:05 Permalink

You are 100% correct. That is the plan and approach. It is moving slowly and for good reason. There is still a lot of risk that the whole thing collapses and all is worth nada. I have a few so I hope it all works out and willing to watch and wait while it plays out. But buying your morning cup of joe directly with Bitcoin is not in the cards.

In reply to by LewisDodgson

MANvsMACHINE Krink26 Sat, 07/21/2018 - 17:35 Permalink

Why would you want to transact off the chain?  The whole point of crypto is to be on the chain.  If I want to ride horseback from one place to another, I don’t mount my horse while he’s in the back of a pickup truck and have some drive me.

Bitcoin Cash is what the original Bitcoin was intended to be.  Bitcoin is now a farce and will ultimately be something totally different than what it was intended to be.

If you want to own Bitcoin, you can buy it for about $700 right now.  If you want to buy what used to be Bitcoin, feel free to pony up $7,400.

Your choice.


In reply to by Krink26

1 Alabama Wild Bill Steamcock Sat, 07/21/2018 - 17:06 Permalink

you need to understand the difference between a cryptocurrency and bitcoin, crypto allows you to get around gvt controls on giving money away, the probate tax(its a hefty one by the way), those who dispise crypto have an interest in gvt getting hold of your money somehow(think warren buffet). where as bitcoin is the grand daddy of cryptocurrencys, he say he dont like bitcoin just like he dont like his grand daddy(s) ability to inherit him money. After he dies, there is no way GD can get him money, once bitcoin passes same deal, no way to get bitcoin to get you your money.

Tip of the day: Roumer has it there are only 800,000 bitcoins left.


brought to you by not so simple simon

In reply to by Wild Bill Steamcock

BlackChicken 1 Alabama Sun, 07/22/2018 - 00:45 Permalink

I’m on the same general page, however anyone can give a gift of something like 13K/yr to anyone they want and that money does NOT generate income or a taxable event.

We have some great lawyers and accountants here, please pipe up if my name mbers or facts are incorrect.

Crypto has many advantages, but is not the Holy Grail.  Common sense and application still apply if you don’t want to jump in a fire.

In reply to by 1 Alabama

TeraByte 1 Alabama Sun, 07/22/2018 - 09:24 Permalink

Total rubbish, people mining BC are elites participating a Ponzi scheme, designated losers, because their wealth makes them numb to understand that affording to waste so much energy and effort before others, is a hoax. ZeroHedge´s uncritical affection to Bitcoin corresponds to lefties´ incapability to deal with the lost elections. 

In reply to by 1 Alabama

Yellow_Snow Wild Bill Steamcock Sat, 07/21/2018 - 17:53 Permalink

Names of business's that accept bitcoin as a currency...

    KFC Canada
    Overstock.com – A company that sells big ticket items at lower prices due to overstocking
    Subway – Eat fresh
    Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
    Reddit – You can buy premium features there with bitcoins
    Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
    OkCupid – Online dating site
    Namecheap – Domain name registrar
    CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
    Expedia.com – Online travel booking agency
    Gyft – Buy giftcards using Bitcoin
    Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
     Wikipedia –  The Free Encyclopedia with 4 570 000+ article
    Alza – Largest Czech online retailer
    The Internet Archive – web documatation company
    Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
    Pembury Tavern – A pub in London, England
     Old Fitzroy – A pub in Sydney, Australia
    The Pink Cow – A diner in Tokyo, Japan
    The Pirate Bay – BitTorrent directories
    Zynga – Mobile gaming
    4Chan.org – For premium services
    EZTV – Torrents TV shows provider
    Mega.co.nz – The new venture started by the former owner of MegaUpload Kim Dotcom
    Lumfile – Free cloud base file server – pay for premium services
    Etsy Vendors – 93 of them
    PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcons
    Whole Foods – Organic food store (by purchasing gift card from Gyft)
    Bitcoincoffee.com – Buy your favorite coffee online
    Grass Hill Alpacas – A local farm in Haydenville, MA
    Jeffersons Store – A street wear clothing store in Bergenfield, N.J
    Helen’s Pizza – Jersey City, N.J., you can get a slice  of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
    A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
    Seoclerks.com – Get SEO work done on your site cheap
    Mint.com – Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
    Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
    Bloomberg.com – Online newspaper
    Humblebundle.com – Indie game site
    BigFishGames.com – Games for PC, Mac and Smartphones (iPhone, Android, Windows)
    Suntimes.com – Chicago based online newspaper
    San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
    Crowdtilt.com – The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
    Lumfile – Server company that offers free cloud-based servers
    Museum of the Coastal Bend – 2200 East Red River Street, Victoria, Texas 77901, USA
    Gap, GameStop and JC Penney – have to use eGifter.com
    Etsy Vendors – Original art and Jewelry creations
    Fight for the Future – Leading organization finding for Internet freedom
    i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts retailer
    curryupnow.com – A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
    Dish Network – An American direct-broadcast satellite service provider
    The Libertarian Party – United States political party
    Yacht-base.com – Croatian yacht charter company
    Euro Pacific – A major precious metal dealer
    CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
    Straub Auto Repairs – 477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177
    PSP Mollie – Dutch Payment Service
    Intuit – an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
    ShopJoy – An Australian online retailer that sells novelty and unique gifts
    Lv.net – Las Vegas high speed internet services
    ExpressVPN.com – High speed, ultra secure VPN network
    Grooveshark – Online music streaming service based in the United States
    Braintree – Well known payments processor
    MIT Coop Store – Massachusetts Institute of Technology student bookstore
    SimplePay – Nigeria’s most popular web and mobile-based wallet service
    SFU bookstore – Simon Fraser University in Vancouver, Canada
    State Republican Party – First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
    mspinc.com – Respiratory medical equipment supplies store
    Shopify.com – An online store that allows anyone to sell their products
    Famsa – Mexico’s biggest retailer
    Naughty America – Adult entertainment provider
    Mexico’s Universidad de las Américas Puebla – A major university in Mexico
    LOT Polish Airlines – A worldwide airline based in Poland
    MovieTickets.com – Online movie ticket exchange/retailer
    Dream Lover – Online relationship service
    Lionsgate Films – The production studio behind titles such as The Hunger Games and The Day After Tomorrow
    Rakutan – A Japanese e-commerce giant
    Badoo – Online dating network
    RE/MAX London – UK-based franchisee of the global real estate network
    T-Mobile Poland – T-Mobile’s Poland-based mobile phone top-up company
    Stripe – San Francisco-based payments company
    WebJet – Online travel agency
    Green Man Gaming – Popular digital game reseller
    Save the Children  – Global charity organization
    NCR Silver – Point of sales systems
    One Shot Hotels – Spanish hotel chain

    Coupa Café in Palo Alto
    PureVPN – VPN provider
    That’s my face – create action figures
    Foodler – North American restaurant delivery company
    Amagi Metals – Precious metal furnisher

Read more: Who Accepts Bitcoins As Payment? List of Companies | 99Bitcoins


Arguments against Bitcoin get slaughtered down daily...

In reply to by Wild Bill Steamcock

lookslikecraptome Yellow_Snow Sun, 07/22/2018 - 06:55 Permalink





Coupa Café in Palo Alto
    PureVPN – VPN provider
    That’s my face – create action figures
    Foodler – North American restaurant delivery company
    Amagi Metals – Precious metal furnisher





Buy tires a roof for your house,amo,weapons medicine and life essentials.    Then get back at me.


A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area .OK


What about the other 3500 that laugh at u if u want to pay with BTC.

This last business off ur BS list is awe inspiring. SimplePay – Nigeria’s most popular web and mobile-based wallet service


No more time to eviscerate the BS list

In reply to by Yellow_Snow

Toxicosis lester1 Sat, 07/21/2018 - 16:27 Permalink

Lester you speak of logic as if it's a thing.  Shame on you for exposing something so fundamental as to being able to run your business with a modicum of certainty, reliability and consistency.  Just you wait someday, somewhere, when bitcoiners wish upon a star your fears and worries will magically, unicornally disappear.

Just sayin.

In reply to by lester1

Toxicosis Spaced Out Sat, 07/21/2018 - 17:08 Permalink

Now that's funny!  As I've run one for over 23 years due to hard work, diligence, budgeting, observing supplier prices for gouging, and making sure I never spent more than I earned.  If I had to use any kind of digital stock price to earn my keep and witnessed the losses in only the last 5 months I might as well close up shop as I could not trust the certainty, reliability or consistency of the the 'currency' I was using.

I suggest looking up the word 'moron' in the dictionary.  As you fit the definition perfectly.  Nice try asshole.

In reply to by Spaced Out