it's too complicated a subject to be reduced to "Crypto is bad mmkay?" hence my one-word responses of late.
as for Buffet and Munger, I'm not convinced that they don't understand the nature of crypto/Bitcoin. imho they know exactly what it is and how big of a threat it is to the system they've been supporting for so many years and are so heavily invested in.
ps. Buffet gets feted as this wonderful investor. but am I right in thinking that all he does is pick stock in already established companies? he doesn't actually do anything useful like build a new solar power plant in the Texas desert or provide clean water to Africa, right?