'I hate bitcoin success': It's 'disgusting and contrary to the interests of civilization,' says Charlie Munger

From kitco.com

Berkshire Hathaway Vice Chairman Charlie Munger triggered a social media outcry with his comments on bitcoin, calling the cryptocurrency "disgusting and contrary to the interests of civilization." Munger did not mince words, saying that he "hate[s] the bitcoin success." "I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air," the 97-year-old Munger said during the weekend Q&A session at Berkshire's annual shareholder meeting. ... (full story)