tyb
Crypto entrepreneur to pay $4.6 million for charity lunch with bitcoin skeptic Warren Buffett
better spend it now-kek
Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett.
Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.”
Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing.
A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett.
Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. In an open letter posted on Medium, Sun said he would invite other blockchain industry leaders to dine with the legendary value investor in New York.
When asked for comment, Buffett laughed out loud and told CNBC’s Becky Quick he was looking forward to the lunch.
Sun said in the letter that he was “a long-term believer (and certainly a big fan) of Buffett and his long-term value investing strategy,” adding that “the long-term value investment strategy and cryptocurrency, in my eyes, are one in the same.”
Based on his comments since 2013, Buffett would probably disagree with that characterization of cryptocurrency. The Berkshire Hathaway CEO has labeled the world’s first and largest digital currency everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Berkshire Vice Chairman Charlie Munger has called it a “turd,” and said at the annual shareholder meeting that trading cryptocurrencies is “just dementia.”
They are in good company — Jamie Dimon and Bill Gates, economists Nouriel Roubini and Robert Shiller, and the fund managers Ray Dalio and Howard Marks have all questioned bitcoin’s legitimacy. Buffett and others have been less critical of bitcoin’s underlying technology blockchain, which has use cases aside from cryptocurrencies.
rest at link
https://www.cnbc.com/2019/06/03/crypto-entrepreneur-to-pay-4point6-million-for-charity-lunch-with-bitcoin-skeptic-warren-buffett.html
at least our stars had a bit moar substance and not like these now-not defending them as everyone has flaws but horee shit the ones now.
regardless of the outcome of that I will ALWAYS remember watching that. Some thought the ADS trace was showing some evasive maneuvers and someone said "we're a little busy flying the plane", then it was "what the hell are you talking to us for!!"
prior to that..this.
have always erred on side of caution with these things. Way too many things to ignore. A fellow patriot asked me, after meeting them, what i thought about that. My response was the ones who have gone full tilt into it will have the most to lose if not true. Still have my jr coin they minted.
Major bonus if true. Why not right?
But I have not gone full retard on it lest I be disappointed. there are some in here that are overboard.
o7
that is an astute observation anon. Summer pretty rainy there. mebby