“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity.”
— Charlie Munger, Vice Chair of Berkshire Hathaway
https://www.wsj.com/articles/why-america-should-ban-crypto-regulation-economy-finance-china-england-trading-currency-securities-commodity-gamble-11675287477
ChinaP /
npub19z…syw5q
2023-02-02 16:43:18
Author Public Key
npub19z3n8f9d6kkwknc7ts3r0m40kfstrn3dhjdun5fwpmr8a0lrsguqrsyw5qPublished at
2023-02-02 16:43:18Event JSON
{
"id": "07221d7a0626a9b0a2829fb56bb74fee572317f9c7f3709292bef58eb30a0fe8",
"pubkey": "28a333a4add5aceb4f1e5c2237eeafb260b1ce2dbc9bc9d12e0ec67ebfe38238",
"created_at": 1675356198,
"kind": 1,
"tags": [],
"content": "“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity.”\n\n— Charlie Munger, Vice Chair of Berkshire Hathaway\n\nhttps://www.wsj.com/articles/why-america-should-ban-crypto-regulation-economy-finance-china-england-trading-currency-securities-commodity-gamble-11675287477",
"sig": "1b289c74c9425804a09111cf6e31aeeed48522c545d616ff8bb20859bcc31bc59e6d21e358ad29e5932e0d9c5675794f6f4f0cd04b796674b302211ca897cf48"
}