Subnostr

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.

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λςπ 2y ago

Aaaaand thats why I follow you and not him!

He’s had a great contribution to the investment world but to deny bitcoin the way he does is not ignorance… it is deliberate

f5

λςπ 2y ago

Ready for the weekend!!

Replying to

hodlonaut

Would it be cool to do a nostr edition of the LNTrustChain / Lightning Torch?

f5

λςπ 2y ago

<< kermit-the-frog-starwars-emperor-do-it.gif >>

Do it

Replying to

Nostr Bird🦜

Paid

f5

λςπ 2y ago

🙏🏻⚡️

Replying to

Nostr Bird🦜

Take out your 100 sats of invoice. i will start paying in 15 minutes. The quota is for the first 100 people.🦜⚡

贴出你们100 sats的invoice。我将在十五分钟之后开始支付。名额为前一百名。🦜⚡

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λςπ 2y ago

lnbc1u1p377jedpp5r26j5e4g5hzp40ta9tdgv7ndfpgsu5jrxt8nfcgfq96rmr8t52psdqqcqzzgxqyz5vqrzjqwnvuc0u4txn35cafc7w94gxvq5p3cu9dd95f7hlrh0fvs46wpvhddctg88vsa0vt5qqqqryqqqqthqqpyrzjqw8c7yfutqqy3kz8662fxutjvef7q2ujsxtt45csu0k688lkzu3lddctg88vsa0vt5qqqqryqqqqthqqpysp5ssnfd6kdukxdkk8uls9emts2q7rcldl0m4e2x2wjffng2mmuevaq9qypqsqsqad2zulpn65duh28x4mpew5evzgktllt9um2zsqhwk3g6uw8t8hxvq3z788ev7fta2rtktua89d5tr4m3wew3y44hyfhhy8w5prvecqkyqezd

Replying to

hodlonaut

I love the smell of zaps in the morning ⚡️

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λςπ 2y ago

Zappin’ life

Replying to

Caitlin Long

I AM SUPER PUMPED to share this news with all #nostriches here: the #Wyoming legislature today passed a bill prohibiting the compelled disclosure of private keys. It’s short but spectacular—read it below, and you’ll want to move to Wyoming or at least do your business here. This bill is a companion to the bill protecting code as speech, which Wyoming enacted 2 years ago with Christopher Allen’s help (so developers can’t be criminally charged in Wyoming for merely writing code, unless you use it to commit a crime). It’s my little part to help protect you devs when you what you do best. Thank you to all the devs who got us here, and will get us where we’re all going!! 🙏🙏❤️🤠

https://wyoleg.gov/Legislation/2023/HB0086

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λςπ 2y ago

This is definitely not getting the proper attentionx Thanks Caitlin for all that you do

Replying to