For the Wine and Cheese Board Refugees

Definetly didn’t have SVB.
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Corporate folk at the office today spent the entire afternoon talking VC clients off the ledge. Many are 100% exposed to SVB. Whoops
 
aaaand-its-gone-iqqx8x.jpg
https://twitter.com/jonahlupton/status/1634235179978964992?s=46&t=BW54DDdRvMZ7AoDSXEli5w
At least the employees will have a lot more time for their equality groups now…
 
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Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
 
Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
Click to expand...

Without being quite as grouchy as Munger, my question is this: what need or demand is crypto intended to satisfy?
 
Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
Click to expand...

Without being quite as grouchy as Munger, my question is this: what need or demand is crypto intended to satisfy?
Click to expand...

As a mythical MBA you must have run across the idea of a stable currency to provide liquidity in commercial transactions and a store for wealth. Ideally that would be the US dollar but you voted for the dementia patient as the more fiscally responsible alternative who immediately informed the nation that Milton Friedman is no longer in charge and then debased the US dollar. Bitcoin is another solution and the other is gold. Holding depreciating dollars isn't.
 
Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
Click to expand...

Without being quite as grouchy as Munger, my question is this: what need or demand is crypto intended to satisfy?
Click to expand...

Its market is for those who have no confidence in a given fiat currency, like say when the government who authorizes the currency as legal tender prints money as fast as the machines (or servers I guess) will run with no apparent link to the economy for which the currency is supposed to represent a proxy participation interest.

Or whatever.
 
Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
Click to expand...

Without being quite as grouchy as Munger, my question is this: what need or demand is crypto intended to satisfy?
Click to expand...

Its market is for those who have no confidence in a given fiat currency, like say when the government who authorizes the currency as legal tender prints money as fast as the machines (or servers I guess) will run with no apparent link to the economy for which the currency is supposed to represent a proxy participation interest.

Or whatever.
Click to expand...

So precious metal sans metal?
 
Bunch of Internet Half-Brains…https://twitter.com/wallstreetsilv/status/1640832378829516803?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Looks like the squeeze is being put on Binance…will be curious how much longer it will hold up. Don’t think it will last too much longer before the Feds shut it down.
Click to expand...

You've certainly got Munger out there grouching the ever loving shit out of crypto, tying it to a moral crisis of sorts. It's funny listening to that guy scream at the clouds. Something odd about a man with that much money and so little time left to be spending his time worrying about anything.

I think its days are definitely numbered. OTOH, this may be the buying opportunity that everyone said was permanently over.
Click to expand...

Without being quite as grouchy as Munger, my question is this: what need or demand is crypto intended to satisfy?
Click to expand...

As a mythical MBA you must have run across the idea of a stable currency to provide liquidity in commercial transactions and a store for wealth. Ideally that would be the US dollar but you voted for the dementia patient as the more fiscally responsible alternative who immediately informed the nation that Milton Friedman is no longer in charge and then debased the US dollar. Bitcoin is another solution and the other is gold. Holding depreciating dollars isn't.
Click to expand...

Well at least I[/b] wasn’t as grouchy as Munger.
 
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