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"Bitcoin is rat poison, " says Munger. He's right. All the rats in our financial system are in trouble.

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For the longest time I disliked the statement Charlie said. But it finally clicked today when I re-watched that clip. So, thanks Charlie. The rats better start to scatter!

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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