Translated material
A suitcase with bitcoins
Why Warren Buffete Crusade against cryptocurrencies
The fact that 89-year-old Warren Buffett will have lunch with the most swine showman in terms of crypto construction by 29-year-old Justin San, the world, the world recognized the world on June 3, 2019 from the Shan: “I officially report that I became the winner of the 20th charity auction, which was played out with Warren Buffett” - proudly wrote a Chinese young man on his Twitter.
For the right to taste the Biftek with blood and drink his Coca-Cola (the favorite menu of the legendary Oracle from Omakhi Buffett) Justin San paid a record amount-4 million 567 thousand 888 dollars.
In the past, the “entrance ticket” never exceeded three and a half million.
The bonus for generosity was permission to take the comrades with him. Justin San invited Charlie Lee, the head of the Israeli Etoro Exchange, Jonie Assia and Huobi Exchange, Chris Lee, to the creator of the creator of the Cryptomolets.
Intrigue of meals in personalities. Warren Buffett is not only a neo -magnetosian, concerned with a reduction in the excess population of the planet, but also a prominent cryptoquiptic, but his epithets addressed to Bitcoin’s sayings: “sea shell”, “tool for gambling”, “gift for the pundacers”, “bubble”, “button”, “rat poison in a square”,, “rat poison”, “ "An illusion that has no value and attracts charlatans."
The second half of the refectory intrigue is embodied in Justin Sanya itself - the most scandalous, crafty and coastal of the tribune of cryptoorview. In the summer of 2017, on the wave of adventurous ICOs, Justin San, art critic, launched his Tron crypto project, using the finished texts of competitors in the design of documentation, and since then it has not passed a day to a talented marketer to be plagiarized, the market manipulating, organizing financial pyramids, deception of investors, supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters and supporting fraudsters. endless self -patient.
Did you imagine a picture? The young Chinese PRA, who does not understand Belmes in cryptotechnology, pays $ 4.5 million in order to try to change the worldview of an 89-year-old old man who does not understand the intricacies of not only cryptotechnologies, but any technology in general.
When the great investor of all time and peoples was asked 20 years ago, why there are no shares of technological companies in his portfolio, even such giants as Intel and Microsoft, Buffett proudly replied:
“I don't understand how all this is made. And if I don’t understand something, then I don’t invest. ”
Buffett's financial empire controls bankers and insurers, food and drinks, furniture and builders, power engineers and gas conductors, clothing and jewelry merchants, even the media, but not biotechnologists, codes and creators of computer iron.
Buffett made the only exception for Apple shares. He also does not understand them, but he appreciates the gynial scrudge into which the Apple products introduce the planet consumers. The Oracle from Omakhi himself, of course, does not use neither computers, nor tablets, nor e -mail, nor, sorry, the Lord, messengers and facebooks. All this trash is more than replacing the radical phone with more than replaces. In January 2020, the consultants persuaded Buffett to buy an iPhone, but, knowing his unshakable commitment to principles, there is no doubt: the outlandish in the farm will not take root.
In a word, the meeting of a young art critic with an elderly technoater promised to go out to be fun, but two days before the event appointed on June 25, 2019, Justin San got the kidneys. Evil languages began to hint that Kryptonoshi had serious problems in the communist homeland, where he was urgently pulled out of San Francisco for interrogation in the case of the next financial pyramid, but Justin's lover shall be shallow: stones went. Nothing but stones.
Having canceled lunch with Buffett, Justin went to a fashionable disco on the appointed day. Only the kidneys were released in the evening.
In September 2019, Justin San promised to appoint a new date for lunch with Buffett, but the public already made his conclusions: the summer self -Pirus went into the offset, but to communicate with the swearing “oracle” of the Chinese boy, it seems, a sneakefil.
The bomb exploded last week: Justin San and Warren Buffett still flooded Coca-Cola Bifstex with blood in one of the country's out-of-town clubs. Moreover, they flooded: as many as three and a half hours, Justin, with the support of colleagues in cryptocheme, proved the value of cryptocurrencies and blockchain. And he even fixed the word with deed: he gave Buffett “Bitcoin” and a handful of “thrones”, Tron crypto platform tokens.
Can you imagine?!
Immediately after the meeting, Warren Buffett gave a two -hour CBNC interview, in which, among other things, he shared the results of lunch:
Firstly, “Justin and his friends behaved impeccably”;
secondly, “cryptocurrencies have no value”;
Thirdly, “the homeless San Francisco will receive a lot of free dinners and new places in the nights” ( *In this way, the organizer-the Glide Foundation.- *p. G. );
Fourth, "I have no bitcoins."
The first three comments, Justin San missed his ears, but it seemed to be offended by the fourth: “The charm of the blockchain is that anyone can make sure: bitcoins and thrones belonging to Mr. Buffett are still in his wallet,” the young man tweeted.
Really Buffett lied, having disowned from a generous gift? Of course, he did not lie: he personally had no bitcoins as it was, and no! What, to the goblin, blockchain, what kind of crypto-adordus, what crypto-cooler, what is the thronic-shmoniks?
“Oracle” does not know how to use a simple computer, and you are pestering an old person with your crypto -bonds.
Now we got to the main thing. I did not tell this story to the reader in order to once again be creamy over the conflict of generations, the technical dense performance of the “fathers” and the nourpine self -patient of “children”. There was no such thing in his thoughts.
I am not going to dispute the reproaches of Warren Buffett to cryptocurrencies, which are allegedly devoid of material value. Of course, they have no material value, and a hundred times “oracle” is right when he says that bitcoin today is a tool for financial speculation (in the virginal sense of the word: to buy cheaper, so that it is more expensive to sell to someone else). Another thing is that financial speculations of the value of cryptocurrencies are not limited, but I absolutely do not want to start this plate.
I needed an informational occasion for the goal, which, as you will see now, is more important and vanity fairs with dinners for four and a half million dollars, and even the cryptoorview itself.
If Warren Buffett limited himself in an interview with CBNC by four comments listed above, the whole story with a charitable dinner would not have been worth the Coca-Cola drunk on it. The battles about the benefits and dangers of cryptoeconomics have not subside for 10 years, and the meal in Omaha did not add anything new to the tired of all the discourse.
However, Buffett did not stop at the “fourth” and, under the curtain of an interview, CBNC issued “fifthly”. I quote: “I think that bitcoin is used to illegally move large amounts of money. Logical conclusion: when evaluating bitcoin, an exchange rate should be made to fall in shares of companies making suitcases. Suitcases are needed to transport large amounts of cash from one country to another, and now ( with the advent of bitcoin. - S. G. ) The demand for suitcases drops sharply. This is the economic contribution of bitcoin to the development of society. ”
At first glance - just a clumsy joke. But only at first glance. The problem is that Warren Buffett for some reason translated the conversation from the economy into the ethics sphere .
It is one thing to say that cryptocurrencies have no material value, and it is completely different to blame the technology of that its main purpose is to make life easier for criminals.
While Buffett was within the framework of technology, his words were not worried about. Ugly, of course, when the influential financier publicly discredits a technology that does not understand at all. Ugly, but no more. A completely different thing is when the topic receives moral sound. Can you imagine what conclusions hundreds of millions of CBNC viewers made all over the world after they heard the accusation of criminal immorality of cryptoeconomics from such authority as Warren Buffett? The question is rhetorical.
In the circumstances, I consider it my duty to supplement the picture with some facts. Moreover, my indignation may seem to be exaggerated readers who are not familiar with the details of the business of Warren Buffett. I fill in the gaps.
The entire Buffett empire is under one umbrella company - Berkshire Hathaway. The largest asset of the financial sector in the Berkshire Hathaway portfolio is the Wells Fargo shares, a bank that Buffett has repeatedly publicly admired. Berkshire Hathaway controls 10% of the Wells Fargo shares worth more than $ 20 billion. The Wells Fargo Bank is the fourth in the world in market capitalization and the fourth in the United States in terms of assets.
I am bringing a list of criminal investigations that were conducted in relation to Wells Fargo only in recent years:
participation in money laundering of drug dealers, including the provision of cash for the purchase of four aircraft, which delivered 22 tons of cocaine to Mexico (2004-2007);
declining clients to overdraft and misleading regarding the size of true fines and commission for the use of overdraft (2010);
systematic tax evasions (2008–2011);
illegal investments in the construction of private prisons using lateral funds (2012);
systematic violation of the rules for the provision of mortgage lending (2012);
imposing high insurance premiums to 24 thousand householders in Florida (2013);
systematic overestimation of commissions for the provision of overdraft (2013);
Exchange trading using insider information (2015);
the opening of one and a half million current and savings accounts and the issue of half a million credit cards for customers without their knowledge and consent (2016);
Participation in the scheme for laundering money of the Mexican drug cartel Sinaloa (receiving cashing out, opening chamber bank accounts, etc.) (2014–2016).
This is not even half the list, but I think you can stop, because the bank's business vector is clear, as well as the general outline of events: Wells Fargo is caught in vigorous, it pays fines and then continues to “work” further in anything.
I remind you that I listed the “exploits” of the bank, which is the pearl of the investment portfolio of Warren Buffett. And now Warren Buffett accuses the crypto economics of immoral transfer of cash across the borders of the states.
In the Russian language there is a wonderful saying about the mouse alien cow, but I'm not going to resonate about the immorality of the Wells Fargo business. The problem is not at all. The problem is that Wells Fargo is an exemplary bank, and there is absolutely nothing unusual in its activity. This is the norm. Moreover, the norm is not only for banks, but also for the entire economic system of “material values”, the apologet of which is Warren Buffett. At the same time, the Oracle from Omaha considers it in the order of things to blame the cryptoeconomics of immorality.
That's what I thought. After all, the point is not in Warren Buffett, not in Justin Sanya, not in Wells Fargo and not in Bitcoin. The point is exactly what is the ethical paradigm of the old world .
In the disgusting ability of this world to demonstrate falsity, hypocrisy and double standards at every step. The most unbearable: all abominations are performed in a pose of moral superiority.
The more I was thinking about the Jew of Warren Buffett about the “suitcases”, the more I was convinced that tectonic shifts in the world politics of recent years - “getting up from the knees” of one sixth part of the land, Brexit, the struggle for the independence of Catalonia, Donald Trump, Zair Bolsonaru, “Alternative for Germany”, Victor Orban, Victor Orban, Victor Orban, Victor Orban. Liviu Dragne, Recep Erdogan - all this, of course, is political populism, but he reflects the genuine indignation of ordinary people with falsehood and moral abomination of the economic and civilizational model, which has taken possession of the world.
It is pleasant, of course, once again self -repulsive and write off a series of fateful oakmen on fake accounts of “Russian trolls” on Facebook. Intuition, however, suggests that we are on the verge of total uprooting the false paradigm. And if I am right, then most of all I would like to wish good health to Warren Buffett. “Oracle”, of course, deserved to survive to healing his own illusions.