Thursday, February 2, 2023

Clash of the Oracles

Joseph's recent post reminded of Thiel's comments about another well known oracle.

From Caleb Ecarma writing for Vanity Fair.

 It doesn’t matter if you’re a fellow billionaire, in Peter Thiel’s book, you either see cryptocurrency as the future, or you’re an “enemy.” “Enemy number one: the sociopathic grandpa from Omaha,” Thiel, the billionaire PayPal cofounder and pro-Trump Republican mega-donor said in an address at a cryptocurrency conference in Miami this week, sneering at business magnate and Nebraska native Warren Buffett. Thiel, whose current firm amassed a substantial Bitcoin fortune, also condemned JPMorgan Chase chairman Jamie Dimon and BlackRock CEO Larry Fink as two other “enemies” of Bitcoin, dismissing Dimon, Fink, and Buffett as a trio of geriatric tyrants standing in the way of progress. Thiel’s comments were his latest attempt to turn crypto into a right-wing culture issue, hailing Bitcoin as a revolutionary conservative movement fighting against “woke” corporations and the financial establishment.

 Here's what we had to say about this conference at the time.

We'll probably do another post of this article by Emily Shugerman [we did -- MP] focusing on the politics of this 2022 bitcoin conference (Jordan Peterson, Peter Thiel, you see where this is going). Most of the well-written piece focuses on less famous and far more likeable characters. Much of it is funny. Most of it is sad. This will not work out well for these people.

Jump cut to 2023.

 Peter Thiel's reputation as the smartest man in the room owes a lot to the time he spent hanging out with Elon Musk.

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