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Howard Marks on digital currencies: "They're not real."
| lake striped hyena | 10/03/17 |
| fantasy-prone bateful background story nibblets | 10/03/17 |
| Alcoholic Stirring Indian Lodge French Chef | 10/03/17 |
| Dun international law enforcement agency internal respiration | 10/03/17 |
| Dun international law enforcement agency internal respiration | 10/03/17 |
| puce blathering reading party | 10/03/17 |
| impressive swashbuckling state | 10/03/17 |
| puce blathering reading party | 10/03/17 |
| lake striped hyena | 10/04/17 |
| Haunting area | 10/04/17 |
| lake striped hyena | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: lake striped hyena 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: fantasy-prone bateful background story nibblets 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: Alcoholic Stirring Indian Lodge French Chef 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: Dun international law enforcement agency internal respiration 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: Dun international law enforcement agency internal respiration 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: puce blathering reading party 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: impressive swashbuckling state 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: puce blathering reading party (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: lake striped hyena (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: Haunting area 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: lake striped hyena like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |