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Read the full memorandum here

Some highlights:

"'[P]ast experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.'" (quoting John Kenneth Galbraith)

"In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will pay for it."



Submitted August 14, 2017 at 12:17PM by adammjam http://ift.tt/2w6ZoAt

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