current position：Home>What will Buffett, who opposes bitcoin, think of Web3 0
What will Buffett, who opposes bitcoin, think of Web3 0
In this year “ Investment Spring Festival Gala ” At Berkshire Hathaway's annual general meeting , Warren Buffett once again explained why he still doesn't invest in bitcoin .
“ I don't know the next year , or 5 year 、10 year , Whether the price of bitcoin goes up or down . But one thing I'm sure of , That is, it will not produce any value .” Buffett thinks , Bitcoin is not a productive asset , It won't produce anything tangible ,“ It has a magic , People have given magic to many things .”
Buffett also said categorically ：“ If you tell me you have all the bitcoin in the world , And you are willing to 25 Sell them to me for $ , I'm not going to buy .”
Now , The currency 、 Blockchain 、NFT And the extended meta universe 、Web3.0 The concept is hot , Buffett's view is too conservative , In order to “ classical ” Interests of investors , Or have you predicted the foam and crisis in the meantime ？
Investment bosses strongly oppose
This is not the first time Buffett has publicly opposed bitcoin .
Buffett had previously said publicly that bitcoin “ Maybe it's the square of rat medicine ”. The reason is that when bitcoin is 100 More than US dollars , Buffett calls bitcoin “ rat poison ”; And when bitcoin rises to 9000 More than US dollars , Someone asked Buffett what he thinks of bitcoin now , Buffett's response is “ Maybe it's the square of rat poison ”.
“ Bitcoin cannot create value ”“ There's no point at all ”, This is Buffett's view . stay 2017 year 11 month , Buffett in 《 Forbes 》 The article in the magazine says , Bitcoin is out of regulation , Out of control , Whether it's the US Federal Reserve or other central banks , Can't even monitor .” I don't believe it at all . I think it will collapse completely sooner or later .”
2018 year 1 month , Buffett also said in the interview ,“ It is almost certain that digital currency will end in tragedy , I will never hold any digital currency myself . But in what form does tragedy appear , I don't know .”
also , Buffett thinks bitcoin attracts “ A liar ”：“ If you go to the street to sell something and cheat , Usually no one will buy it , But if you're on Wall Street , A lot of money will come in .”
As Buffett for decades Good match files , Munger and Buffett have similar views , He is also a staunch critic of bitcoin .
Munger thought , Try to avoid being stupid in life 、 Evil or something bad when compared with others , Bitcoin does all three at the same time ： Its value may be zero, so it's stupid , It destroys the Fed system, so it's evil , China has blocked bitcoin, so it makes the United States look stupid .
in fact , Munger has also repeatedly criticized bitcoin in public , The wording is also sharper .
stay 2017, Munger has classified bitcoin as “ The plague ”, Investing in bitcoin is called “ Stupid idea ”“ Crazy foam ”, He believes that bitcoin lures investors into the illusion of sudden wealth ,“ People should avoid the plague , Stay away from the bitcoin trap ”.
2018 year , Munger said in an interview , Bitcoin reminds him of Oscar · Wilde （Oscar Wilde） About fox hunting ,“ Unspeakable people pursue inedible things ”. Fox hunting originated from 16 Britain in the 21st century , At first, it was farmers who wanted to control the number of foxes , Summon local hunters to ride with Fox dogs to hunt foxes , Then it slowly evolved into a pastime for the rich , And will not be eaten .
“ Worthless artificial gold ”, Munger will also attack those “ Bitcoin vested interests ”,“ Human beings have the ability to create more bitcoins , They tell you the rules , But I can't abide by .”
Musk began to build Web 3.0？
Different from the objections of Warren Buffett and Munger , Muscovites 、 And bitcoin 、 Virtual currency extended from blockchain 、 New concepts have great enthusiasm .
2021 year 2 month , Tesla says , Have purchased 15 Billion dollars of bitcoin and intends to accept it as payment , This led to a surge in the company's stock and currency .
What's interesting is that , Announcing the purchase value at Tesla 15 After a billion dollars of bitcoin , Munger was asked if he would emulate Tesla , When bitcoin is included in the balance sheet , He said firmly ：“ I never buy gold , Never buy bitcoin ,《 Daily journal 》 Nor will it follow Tesla's footsteps into the bitcoin market .” He also suggested that others follow his example .
Be asked about “ Bitcoin amounts to 50000 dollar ” and “ Tesla's fully diluted enterprise value reaches 1 Trillions of dollars ” Which is more crazy , Munger quoted 《 Shakespeare 》 Editor Samuel · Johnson （Samuel Johnson） Words “ I can't distinguish between fleas and lice ” To answer ： I don't know which is worse .
Musk has always been a passionate supporter of bitcoin and dog coin , His comments have influenced the rise and fall of the price of this popular encrypted token .
Due to the strong promotion of dog coin, the price of Dog Coin soared , Musk was crowned by coin circle players “ The father of dog coin ” The title of .2021 year 5 month , Musk in 《 Saturday Night Live 》 Make fun of dog money “ It's a hoax ”, Cause the dog currency to fall sharply in a short time 40%.
But then , Musk added that ,SpaceX Will be in 2022 launch “DOGE-1 Mission to the moon ”, And will accept dog money as the exclusive payment method , For launching lunar satellites . Musk also used coin circle users at the end of twitter Favorite A word of love ,“To the mooooonnn!!”, a phrase with a double meaning .
This year, 4 month 25 Japan , Twitter chose to accept Elon Musk's acquisition agreement , It took three months , The musk “ Conspiracy ” Finally succeeded . And after the message is confirmed , The price of dog coins once soared by about 27%.
In addition to virtual currency , Musk also began to pay attention to NFT. Recently, musk briefly sent his Twitter Change the avatar to “ Boring ape ” picture , Once again triggered a hot debate in the market .
And after the acquisition of twitter , Musk also began to change .
He said excitedly on social media ： I hope even the worst critics can stay on twitter , Because this is the meaning of freedom of speech . Musk also said in the statement that ：“ and Twitter It's Digital Town Square , People are here to discuss issues that are crucial to the future of mankind .”
It's a good fit Web 3.0 The concept of . stay Web 3.0 In the concept of , In the future, every user will be the founder of the Internet environment , Instead of being a tool for the platform to generate traffic and earn advertising fees .Web 3.0 Conducive to the Internet “ Eliminate authority ” An important feature of , There is even a saying that Web 3.0 It will be an all-round victory for the public against the giants .
This makes people wonder , Will twitter, which is about to be privatized, eventually become a Web3.0 Decentralized social products ？
Embrace actively Web3.0 The founder of twitter Jack Dorsey It also expressed dissatisfaction with the current business model of twitter relying on Wall Street and advertisers ：“ Musk took twitter back from Wall Street , This is Twitter's first step in the right direction . In principle, , I don't think twitter should be owned or operated by anyone , Twitter should be a public product at the protocol level , Not a company .”
He also supported Musk's change ：“ Musk is the only solution I trust , Musk will create a platform with maximum trust and inclusiveness , This goal is right , That's why I chose him .”
However, musk has shelled many times before Web 3.0,“ I don't think Web3 Is real —— Compared with reality, this is more like some marketing nonsense .” But he did not completely deny the concept . He added ：“ But we really want to know 10 year 、20 year 、30 What will the world look like after .”
A user left a message saying “ The best way to predict the future is to start building ”, And musk used “ Yes ” To reply .
Which is right and which is wrong ？
Although Buffett strongly opposes bitcoin , But he also admitted , The blockchain technology behind bitcoin “ Very important ”, But he stressed , The success of this technology does not depend on encrypted digital currency .
Blockchain is Web3.0 Essential infrastructure for applications .2014 year , Co founder of Ethereum Gavin Wood For the first time, I made it clear that Web 3.0 The concept , A new Internet operation mode is proposed ： The information will be released by users themselves 、 safekeeping 、 Not traceable and never divulged , Any behavior of the user will not need any intermediary to help deliver .
The reason why Buffett doesn't look at it is like special currency , This has a lot to do with his inherent investment philosophy , He prefers “ Productive assets ”, That is, in addition to the long-term appreciation space of the asset itself , It can continue to produce the value of other assets .
Follow the classic “ The moat ” theory , Buffett has many successful cases , Such as Coca Cola 、 General Dynamics 、 Including Berkshire Hathaway , Buffett prefers large companies with controlling interests ,“ The franchises of these companies are difficult to replicate , Have great or permanent going concern ability ”.
From this theory ,“ De centralization ” Of Web3.0 It doesn't seem to conform to Buffett's investment philosophy .
However, Buffett is not indifferent to new technologies . Buffett also invested IBM, It's one of the few technology companies it's betting heavily on . It's just that 2017 year , stay IBM After drying out the declining revenue performance for five consecutive years , Buffett publicly admitted that he was wrong . Buffett is a major shareholder of apple , But think of apples as “ Consumer goods companies ” Look at it before investing , And also follow “ The moat ” theory .
Because there are different views on the Internet industry , Buffett and Marx are 2018 There was a confrontation in .
Musk directly criticized... In a conference call “ The moat ” theory “ It's frustrating ”：“ If the only way you can fight the invaders is the moat , Then you won't last long . What matters is the pace of innovation , This is the fundamental factor determining competitiveness .”
Regarding this , Buffett admitted , The acceleration of scientific and technological progress , Make many moats fragile , Unable to resist “ intrusion ”, But he still insisted , The concept of moat is very important , Some companies have stronger moats .
This debate also has an interesting ending . Buffett said ：“ Some areas may be subverted by musk , But he can't beat us in the candy industry .” Because Buffett owns a popular candy brand “See's Candies”, Musk responded on twitter that he wanted to build a moat ,“ And fill it with candy ”.
Now ,Web3.0 The concept has attracted more and more attention , Blockchain also has a new development direction as an underlying technology and economic reward . but Web3.0, Will grow into Buffett's favorite “ The moat ”, Will be the future musk built , It will still be the next “ Crazy foam ”？ Which is right and which is wrong , It's still hard to tell .
This article is from WeChat official account. “ BiaNews ”（ID：bianews8）, author ： Lin Xiaobai ,36 Krypton authorized release .
author[36kr],Please bring the original link to reprint, thank you.
The sidebar is recommended
- Scientists have developed a new quantum bit platform based on solid-state neon
- Professional "stenographer" and private "translator" Sogou recording translation pen experience
- Let's start ｜ how to quickly start making high-quality videos?
- "Cloud office" is recognized by the workplace
- Transformation marketing plan of physical stores: how to do well in short video marketing?
- Working remotely from home, these software are very practical
- After several renames and mergers, how can it be selected as a model school?
- Gao Lina, the "Iron Lady of dairy industry", retired, and modern animal husbandry entered the "Mengniu era"
- Netizens editing encyclopedia entries involving infringement Baidu was sentenced to 6 yuan
- Phenomenon: what is the reason why the entry of smart home encyclopedia refuses to be updated?
guess what you like
"That's what I'm busy with."
Will the ENS domain name become a "new favorite" be the next NFT boom?
Another new perspective on 5g: 356 cities rank first in China
Decoding AI open source technology application and future trend
2021 mobile phone SOC chip ranking inventory: more than 40 models, there is always one by your side
BYD: the emission of Changsha Yuhua Industrial Park complies with relevant national regulations and standards
The game version number has become a "hard currency" industry, and the "war of robbing millions of people" is difficult to reproduce
The new hi version of Jihu alpha s, a high-end intelligent driving pure electric car, is on the market at a price of 397800 yuan
There are no cases related to acute hepatitis in children with unknown causes in China
Beijing latest bulletin!
- What's it like to eat birthday cake in the holding room?
- The front of Peninsular politics -- light the sword to "feel good about yourself"! Qingdao released the activity plan of "year of style and ability improvement"
- How can my Shanghai Cafe "save itself" after losing 10000 a day
- Ice and fire of cross-border e-commerce: Shopify winter and sheen attack
- Why does Alzheimer's disease become a black hole for pharmaceutical companies when Baijian fails?
- After the management enters the site, is the children's snack track a good track?
- After the "epidemic" takes off, how far can Yunkang group realize its dream of listing?
- The interior design training CAD construction drawing training class is taught by the design director in person
- Introduction activity plan of enrollment transfer of training institutions
- Official announcement! Announcement on holding 2022 China Tower Rally
- What will the museum look like in the future?
- Inventory of Microsoft's top 10 open source projects: Visual Studio code is the most popular, and win11 calculator is also on the list
- How many more sources of happiness do the LSPs have when the subtitle group of kaudo announces the stop watch?
- 5 dead and 17 injured in a serious forest fire in Krasnoyarsk border region, Russia
- Sentinel Copernicus 2 "space exploration earth" series: Rhine River, Germany
- How many of the five abilities you need to have to improve your eloquence?
- "We're not really a search engine"
- Earn gold coins by answering questions - answer notes 4
- The film and television industry association requires that actors' remuneration should not be paid in cash
- Li Shufu wants to follow Lei Jun's "old road"?
- NC colleagues receive benefits! Machining center programming, lathe programming teaching to share with you
- Changsha BYD official response to pollution complaints: the emissions of Yuhua Industrial Park comply with relevant national regulations and standards
- Zhejiang parents sued wechat video number to improve the "youth model"
- 6. What do you know about most functional meeting rooms?
- With fleshy, all beauty comes from fleshy
- Grey pigeon remote control excessive free? Telecommuting is good, but the paid version doesn't smell good?
- This small program, let seven wolves 400 stores one heart
- Olympic Games - women's Judo above 78kg won the bronze medal in song, and the French player won the gold medal
- Bear haunt (2012 domestic cartoon) - Baidu Encyclopedia
- The second edition of the guidelines for resumption of work and production has come, and the main responsibility is no longer carried by the enterprise alone. "Two tests a day" is not one size fits all
- Food and beverage brand new media content marketing report - Crowley
- Review the past and look at the present Sogou encyclopedia inventory of "hot words" in 2015
- How to write brand encyclopedia entries and how to create brand entries? Brand Baidu Encyclopedia entry template
- Wuling "betrays" workers?
- The mobile phone software of an old African friend was contracted by this Chinese company
- Express steal home chrome, Microsoft edge browser issued an open letter, inviting chromium kernel extension to its website
- New progress in the industrialization of key systems of lithography machine, Guowang optical launch equipment bidding
- Tesla expects to resume production capacity in mid May: "full of confidence in China, the epidemic is only a short-term challenge"
- Ice and fire of cross-border e-commerce: Shopify winter and sheen attack
- Chat robot landing and advanced actual combat | millions of people learn AI