Where your hard-earned money comes to die. Home.
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Howard Marks on digital currencies: "They're not real."
| carnelian wrinkle stead | 10/03/17 |
| Hairraiser twinkling sound barrier sex offender | 10/03/17 |
| mint goal in life home | 10/03/17 |
| pungent school cafeteria | 10/03/17 |
| pungent school cafeteria | 10/03/17 |
| snowy becky principal's office | 10/03/17 |
| opaque office skinny woman | 10/03/17 |
| snowy becky principal's office | 10/03/17 |
| carnelian wrinkle stead | 10/04/17 |
| Balding Voyeur Hissy Fit | 10/04/17 |
| carnelian wrinkle stead | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: carnelian wrinkle stead The discussion of innovative investments brings me to Bitcoin, Ether and other digital currencies. I’d guess these things have arisen from the intersection of (a) doubts about financial security – including the value of national currencies – that grew out of the financial crisis and (b) the comfort felt by millennials regarding all things virtual. But they’re not real.
Some businesses accept Bitcoin as payment. Some buyers want to own Ether because it can be used to pay for computing power on the Ethereum network. some people are eager to speculate on digital currency for profit. Others want to put a little money into these to-date-profitable phenomena rather than run the risk of missing out. But they’re not real!
People tell me these currencies are solid, because (a) they’re secure against hacking and counterfeiting and (b) the software used to generate them strictly limits the amount that can be created. But they’re not real!!!!! Nobody has been able to make sense to me of these currencies.
https://www.oaktreecapital.com/docs/default-source/memos/there-they-go-again-again.pdf (page 15) |
Date: October 3rd, 2017 9:55 AM Author: Hairraiser twinkling sound barrier sex offender We are done here (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354864) |
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Date: October 3rd, 2017 12:04 PM Author: mint goal in life home boomer maf he never learned to two hand type (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34355818) |
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Date: October 3rd, 2017 12:29 PM Author: pungent school cafeteria why the fuck should we care what a retired hash smuggler thinks about bitcoin? (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356065) |
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Date: October 3rd, 2017 12:32 PM Author: pungent school cafeteria EDIT: shit, I didn't realize Howard Marks died last year. If anyone hasn't read Mr. Nice, it's an entertaining book. The guy was smart as fuck. (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356087) |
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Date: October 3rd, 2017 12:37 PM Author: snowy becky principal's office what exactly is this guys argument (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356130) |
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Date: October 3rd, 2017 3:18 PM Author: opaque office skinny woman They're not real! (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357477) |
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Date: October 3rd, 2017 3:38 PM Author: snowy becky principal's office (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357667) |
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Date: October 4th, 2017 2:01 AM Author: carnelian wrinkle stead (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362932) |
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Date: October 4th, 2017 1:54 AM Author: Balding Voyeur Hissy Fit He doesn't understand it so it isn't real (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362913) |
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Date: October 4th, 2017 2:02 AM Author: carnelian wrinkle stead like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |