Surprises me that Charlie Munger never came around crypto. He writes about the importance of creating human systems that are hard to cheat (see below). That’s precisely what blockchain systems are - economic systems that are transparent, verifiable and operated by simple rules that make it very hard to cheat. Blockchain systems assume every participant will act in their own self interest and will cheat if given the opportunity, and work backwards to create incentives and codified, immutable primitives that prevent and mitigate this behavior. Invert, always invert. Excerpt from “Poor Charlie’s Almanack” (pg 139)