As a value investor, I find Charlie Munger's recent WSJ-published arguments to ban bitcoin/crypto and thank the leader of the Chinese Communist Party to be embarrassing and sad.

I'm currently writing a research note to 10,000 retail and institutional subscribers on why it's dumb.

Munger has a history of arguing that someone should be able to "steelman" their opposing view if they are going to have an opinion on something, which means being able to articulate an opponent's viewpoint more convincingly than even they can. Recently on CNBC, Munger was quoted on his historical claim and then asked by the anchor to steelman bitcoin/crypto after his WSJ op-ed, and he was unable to and didn't even try to.

He doesn't know anything about Segwit, Taproot, block size limits, whether a base layer should be Turing complete or not, anything about power dynamics between nodes, developers, and miners, etc. Absolutely no clue, and no attempt at a clue.

Such a bad viewpoint doesn't only reflect his old age, but also reflects his inherent ethics at a structural level from inception as a banker. It undermines his entire legacy.

Even on the history of money and its problems in developing countries, Munger would be schooled in a Twitter Spaces by any random above-average bitcoin twitter anonymous account.

It's sad to see.

The future.

A bright one, ideally. Focus on that. That’s where purpose comes from.

Doesn’t matter how bright or how dark the present is.

The future you believe is coming and that you can work towards — that’s what sets your attitude.

A zap feed is planned where you can see the top zapped posts among your friends or globally

A zap feed is planned where you can see the top zapped posts among your friends or globally

Once you get zapped, you never go back.

This one still has me chuckling 😂

Agreed. I think Nostr will get there but I want more subjects then just Bitcoin.. but hopefully will get there

All this talk about leaving Twitter and deactivating accounts has me all fired up right now. The energy is overflowing and I don't think we can contain it.

Many years ago Jeff Atwood wrote an article about how phones and tablets' big innovation was that they were "instant-on" devices that you could just tap and do something with at anytime.

Today my phone takes at least 60 seconds to be fully operational if it is turned off. My desktop just went from turned off from having a web browser operational in 20 seconds. But even if you count the phone in standby mode as "off" and you can turn it on by just unlocking it, it still takes 10+ seconds just to open the browser, then the time it takes for you to type something and the relative slownless of opening any webpage makes it worse than the desktop.

Preston, it seems like the entire WORLD fails to realize this and I can't understand why.

If inflation is so bad why aren't we seeing an absolute rush to the Bitcoin exit door?

Either Bitcoin is so obvious that it's hiding in plain sight or I'm crazy and this Bitcoin thing is all nonsense.

I really hope I'm not crazy. I keep consuming information on Bitcoin, world history, economic history, economics in general...

All signs point to Bitcoin. And yet...no one else seems to think so.

I feel like I'm taking crazy pills.

ARGENTINA INFLATION HITS 98.8% Y/Y.

What people in the G7 fail to realize is that the global sinking fiat ship is going down extremely hard for MOST citizens of the world. The demon they are dealing with is so obvious when 98% inflation eats every enterprise in sight. And the solution is just as obvious once they get their hands on it. Good luck trying to stop billions of eager people that get a taste of sound sailable money and free speech.

Thank god for Bitcoin and Nostr!

Any news on the aliens?

Hello world.