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Wasn't it Charles Munger who used the term rat poison to refer to bitcoin? It always reminded me of the Banksy quote: "If you win the rat race you are still a

Wasn't it Charles Munger who used the term rat poison to refer to bitcoin? It always reminded me of the Banksy quote: "If you win the rat race you are still a rat" So perhaps it is rat poison and the rats are JPMorgan and all those investment firms.

lorenzhs 5y ago
Almost, it was Warren Buffet (the article says this). More: https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-... Edit: apparently Buffet was referring to an earlier statement by Munger
- nly 5y ago
  So they're all just parroting something they heard. Hardly surprising after a crypto market downturn.
  - lorenzhs 5y ago
    Or, you know, they were asked if they agreed with the view. Which is what the article states near the end.
    - dvtrn 5y ago
      Coming to this realization would have required reading the article.
      - PaulHoule 5y ago
        I read about 75% of the article but then an ad popped up and covered up the bottom.
FatalLogic 5y ago
Yes, Charlie Munger said that 8 years ago[1]. Buffet was quoting Munger in 2018, but added a 'probably' [1] https://video.foxbusiness.com/v/2359385547001 https://video.foxbusiness.com/v/2359385547001 (it's right at the beginning of this discussion with Buffet, Munger and Bill Gates) edit: The price was about $100 when Munger called it Rat Poison, and about $10,000 when Buffet called it Rat Poison Squared, so Buffet was amazingly accurate
- deleted 5y ago
  [deleted]