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A comment on Berkshire: Bitcoin is ‘contrary to the interest of civilization.’. Parent comment

Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by saalweachter on Monday May 10, 2021 @09:32AM (#27105791)
A trillion dollars a year are disbursed by the companies of the S&P 500 to their shareholders, in the form of dividends and stock buybacks. Berkshire Hathaway itself bought back $25B of its stock in 2020.
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Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by ragnese on Monday May 10, 2021 @10:36AM (#27106413)
Buybacks absolutely count under speculation-then-bigger-sucker.
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Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by saalweachter on Monday May 10, 2021 @11:14AM (#27106829)
The difference between a stock buyback and iterative speculation is that the "bigger sucker" in a stock buyback is the customer interested in the actual product being sold by the company.
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