Those of us around from the early days of crypto will recall how incredibly validating it felt when one of the giants of establishment finance would say something encouraging. In 2020, for example, Modern Consensus ran a story headlined “Bitcoin stabilizes above $15K after Stanley Druckenmiller says he owns BTC.” To have an eminence grise like Druckenmiller give his imprimatur felt like the velvet ropes were starting to crack open. Yesterday, that same voice invited crypto fully into the club. “I assume our whole payment systems will be stablecoins in 10 or 15 years,” Druckenmiller remarked in an interview with Iliana Bouzali (about the 3:40 mark). The interview was taped…
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Tron Founder drops $4.5 million for lunch with crypto-critic Warren Buffett
As Royal Tenenbaum might say, “That’s kind of a f-you to the old man”
Every year crypto-critic and fiat-billionaire Warren Buffett auctions off a lunch for eight to support his daughter’s favorite charity, GLIDE in San Francisco. This year, crypto-entrepreneur Justin Sun won Buffett’s Glide charity auction with a record $4.5 million bid. Buffett had previously called bitcoin “rat poison squared” so this ought to be interesting.
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Bloomberg host hilariously tears into blockchain fans, gets blocked on Twitter by CEO
Joe Weisenthal ridicules investor Naval Ravikant and other blockchain enthusiasts in a tweetstorm
Don’t expect AngelList CEO Naval Ravikant to appear on Bloomberg’s “What’d You Miss?” any time soon. That’s because the show’s co-host, Joe Weisenthal, took to Twitter to rip into Ravikant’s lofty pronouncements about blockchain technology. Here’s how it went down: It all began in Sunday morning from a tweet by from Shane Parish, the founder of something called Farnam Street. For those unfamiliar with it (we were on that list), the site’s “About” section says: “We address such topics as mental models, decision making, learning, reading, and the art of living.” According to Parish, he has “helped millions of people master the best of what other people have already figured…
