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Buffett has always preferred businesses that he can understand, so on that one alone I can see why he doesn't like crypto. Secondly, I don't think crypto is go
by tomjen3 8y ago
Buffett has always preferred businesses that he can understand, so on that one alone I can see why he doesn't like crypto.
Secondly, I don't think crypto is good as an investment (as opposed to a vehicle for speculation) but I see all sort of opportunities in killing the middle men of banks. No more boom and bust because the fed won't read Hayek; No more having to beg and scrape to be allowed to send a transaction through the archaic inter-bank transfer system; No more inflation forcing people to put savings in riskier and riskier businesses to keep up with the printing; No more dirt poor refugees who have to leave every thing behind; No more hyperinflation because dictators needs to be the sole source of food.