> "if you claim you do, you're a fraud"

What do you mean by this? I always assumed I don't fully understand Bitcoin because I don't have a crypto background.

It's possible that there are people who have both the crypto background and the economics backgrounds to "fully" understand bitcoin, but even then, the market is ultimately driven by humans and is an irrational and unpredictable beast.

And if Buffet is wrong on bitcoin, so what? He's still Warren Fucking Buffet.

I assume what was meant was "all the implications", not "all the technical details." There probably are people who fully understand the latter.

I was mainly thinking about the economics (nobody fully understand economics -- in fact predicting economic outcome is rare enough as to be celebrated in the economic world). But again, nobody fully understands crypto either: crypto algorithms such as RSA are considered secure because no effective attacks as been found against them despite many people trying, not because of some intrinsic properties or formal proofs.

Stability comes with volume.

Not inherently true, volume by itself is no guarantee of stability. In markets, volatility can and often does skyrocket on large increases in volume.

Extremely high volume stocks can be unstable. A classic example would be Sirius, which at times when it was a favorite of day traders would swing wildly while moving hundreds of millions of shares per day.

All you need to create instability in a case of high volume, is enough additional volume. Large volume ups the ante on how much additional volume may be needed to cause instability, but doesn't guarantee anything.