• Tron's Justin Sun paid $4.5 million for a meal with Warren Buffett.

    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.

  • Commentary,  People,  Regulation,  United States

    SEC Chairman Jay Clayton speaks on crypto, but leaves it to audience to connect the blocks

    Cryptic remarks by the man who would be sheriff

    NEW YORK—Securities and Exchange Commission Chairman Jay Clayton agreed to an on-stage interrogation by New York Times columnist and Dealbook founder Andrew Ross Sorkin Thursday night to discuss the impact of cryptocurrency and blockchain on markets. But after more than an hour of Q&A, including taking several questions from the audience of more than 500 people at the Times Center in Times Square, all we really learned was that Chairman Clayton’s wife does the driving, presumably so that he can catch up on his reading (he claimed it’s simply because she’s a much better driver). Clayton responded to several of Sorkin’s questions about how the SEC would likely regulate crypto…

  • Bloomberg's Joe Weisenthal (via Bloomberg.com)

    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…

  • Bitcoin,  Cryptocurrencies,  People

    On Warren Buffett and the bitcoin bubble

    The Oracle of Omaha predicts the boom in cryptocurrencies will “come to a bad ending”

    There’s some small amount of buzz in cryptoland over Berkshire Hathaway chairman Warren Buffett’s recent negative comments on bitcoin. Let’s preface this by stating the obvious: Warren Buffett is greatest living value investor and one of the greatest in history. The man applied everything Benjamin Graham taught him at Columbia Business School (which is a way better school than Chicago or Wharton) and amassed one of the largest fortunes ever seen. To paraphrase a Yiddish expression, Buffett has already forgotten more about investing than anyone else will ever know. Yet there’s one sector that Buffett doesn’t feel comfortable with and that’s technology. It’s just not his thing and that’s okay.…