Where your hard-earned money comes to die. Home.
|
 |
 
|
Howard Marks on digital currencies: "They're not real."
| Adventurous kitty skinny woman | 10/03/17 |
| razzmatazz primrose striped hyena tattoo | 10/03/17 |
| dashing locus affirmative action | 10/03/17 |
| provocative resort useless brakes | 10/03/17 |
| provocative resort useless brakes | 10/03/17 |
| Bateful Sooty Milk | 10/03/17 |
| Charismatic very tactful bawdyhouse | 10/03/17 |
| Bateful Sooty Milk | 10/03/17 |
| Adventurous kitty skinny woman | 10/04/17 |
| Henna mischievous azn garrison | 10/04/17 |
| Adventurous kitty skinny woman | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: Adventurous kitty skinny woman 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: razzmatazz primrose striped hyena tattoo We are done here (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354864) |
|
Date: October 3rd, 2017 12:04 PM Author: dashing locus affirmative action boomer maf he never learned to two hand type (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34355818) |
|
Date: October 3rd, 2017 12:29 PM Author: provocative resort useless brakes 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) |
 |
Date: October 3rd, 2017 12:32 PM Author: provocative resort useless brakes 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) |
|
Date: October 3rd, 2017 12:37 PM Author: Bateful Sooty Milk what exactly is this guys argument (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356130) |
|
Date: October 3rd, 2017 3:18 PM Author: Charismatic very tactful bawdyhouse They're not real! (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357477) |
|
Date: October 3rd, 2017 3:38 PM Author: Bateful Sooty Milk (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357667) |
|
Date: October 4th, 2017 2:01 AM Author: Adventurous kitty skinny woman (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362932) |
|
Date: October 4th, 2017 1:54 AM Author: Henna mischievous azn garrison He doesn't understand it so it isn't real (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362913) |
|
Date: October 4th, 2017 2:02 AM Author: Adventurous kitty skinny woman like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |