Where your hard-earned money comes to die. Home.
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Howard Marks on digital currencies: "They're not real."
| Coiffed stain idiot | 10/03/17 |
| Underhanded dashing lettuce | 10/03/17 |
| appetizing chest-beating new version tank | 10/03/17 |
| Boyish Temple | 10/03/17 |
| Boyish Temple | 10/03/17 |
| Clear sound barrier | 10/03/17 |
| Misanthropic Dull Toilet Seat | 10/03/17 |
| Clear sound barrier | 10/03/17 |
| Coiffed stain idiot | 10/04/17 |
| Spectacular Thirsty Fat Ankles Hospital | 10/04/17 |
| Coiffed stain idiot | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: Coiffed stain idiot 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) (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354397) |
Date: October 3rd, 2017 9:55 AM Author: Underhanded dashing lettuce We are done here (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354864) |
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Date: October 3rd, 2017 12:04 PM Author: appetizing chest-beating new version tank boomer maf he never learned to two hand type (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34355818) |
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Date: October 3rd, 2017 12:29 PM Author: Boyish Temple why the fuck should we care what a retired hash smuggler thinks about bitcoin? (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356065) |
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Date: October 3rd, 2017 12:32 PM Author: Boyish Temple 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. (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356087) |
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Date: October 3rd, 2017 12:37 PM Author: Clear sound barrier what exactly is this guys argument (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356130) |
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Date: October 3rd, 2017 3:18 PM Author: Misanthropic Dull Toilet Seat They're not real! (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357477) |
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Date: October 3rd, 2017 3:38 PM Author: Clear sound barrier (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357667) |
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Date: October 4th, 2017 2:01 AM Author: Coiffed stain idiot (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362932) |
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Date: October 4th, 2017 1:54 AM Author: Spectacular Thirsty Fat Ankles Hospital He doesn't understand it so it isn't real (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362913) |
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Date: October 4th, 2017 2:02 AM Author: Coiffed stain idiot like that "Inter-Net" fad, this too shall pass (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |