{"id":12714,"date":"2022-11-16T06:12:33","date_gmt":"2022-11-16T06:12:33","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/16\/mungare-compares-cryptocurrency-with-child-prostitution\/"},"modified":"2022-11-16T06:12:34","modified_gmt":"2022-11-16T06:12:34","slug":"mungare-compares-cryptocurrency-with-child-prostitution","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/16\/mungare-compares-cryptocurrency-with-child-prostitution\/","title":{"rendered":"Mungare Compares Cryptocurrency With Child Prostitution"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/charlie-mungare-compares-cryptocurrency-with-child-prostitution\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><span style=\"font-weight: 400\">Top Crypto critic and Berkshire Hathaway Vice chairman Charlie Munger lastly reply on the matter of <a href=\"https:\/\/coingape.com\/ftx-linked-crypto-exchange-liquid-halts-withdrawals-deposits\/\">FTX collapse<\/a>. Charlie in an interview with CNBC slams cryptocurrency and mentioned cryptocurrencies are a pernicious mixture of deception and phantasm.<\/span><\/p>\n<h2>Crypto Critic Munger unveils his thought on cryptocurrency<\/h2>\n<p><span style=\"font-weight: 400\">In an interview crypto critic, Charlie Munger compares cryptocurrency with little one prostitution. He mentioned <\/span><b><i>\u201cThis is a very, very bad thing. The country did not need a currency that was good for kidnappers.\u201d<\/i><\/b><span style=\"font-weight: 400\"> In addition to this, he mentioned <\/span><b><i>\u201cThere are people who think they\u2019ve got to be on every deal that\u2019s hot. I think that\u2019s totally crazy. They don\u2019t care whether it\u2019s child prostitution or bitcoin.\u201d<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400\">Berkshire Hathaway\u2019s Vice chairman said cryptocurrency is a mixture of partly fraud and partly delusion. Munger mentioned <\/span><b><i>\u201cYou are seeing a lot of delusions. Partly fraud and partly delusion. That\u2019s a bad combination.\u201d<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400\">While speaking concerning the crypto scheme Munger mentioned that to think about that somebody can create a brand new token that may immediately flip a 12-year-old right into a billionaire is \u201ccrazy\u201d and \u201cdemented.\u201d Buffett\u2019s right-hand man added that regulators haven&#8217;t recognised the dangers of cryptocurrency due to its novelty. He blamed the federal government for not outlawing cryptocurrency sooner.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, the assertion from Munger comes after a turbulent week for the\u00a0 cryptocurrency sector. Following a decline within the worth of its native FTT coin as a result of worries concerning the firm\u2019s monetary stability, FTX filed for Chapter 11 chapter safety. Initially Binance deliberate to accumulate FTX however after listening to about mishandled buyer money and alleged U.S. authorities investigations into FTX, Binance withdrew from a plan to purchase FTX.<\/span><\/p>\n<h3><strong>Aftermath of FTX collapse<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">Notingly, the turmoil enveloping the market grew worse over the weekend, inflicting costs of digital currencies to say no as soon as extra. The worth of Bitcoin, the most important cryptocurrency on the planet, has decreased by almost 65% up to now this 12 months.\u00a0<\/span><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA127435\">\n<div class=\"authorBox\">\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD127435\">\n<p> The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/charlie-mungare-compares-cryptocurrency-with-child-prostitution\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Top Crypto critic and Berkshire Hathaway Vice chairman Charlie Munger lastly reply on the matter of FTX collapse. Charlie in an interview with CNBC slams cryptocurrency and mentioned cryptocurrencies are a pernicious mixture of deception and phantasm. Crypto Critic Munger unveils his thought on cryptocurrency In an interview crypto critic, Charlie Munger compares cryptocurrency 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