\
  Where your hard-earned money comes to die. Home.
BackRefresh Options Favorite

Howard Marks on digital currencies: "They're not real."

The discussion of innovative investments brings me to Bitcoi...
bronze contagious patrolman
  10/03/17
We are done here
Hairraiser coral dilemma
  10/03/17
boomer maf he never learned to two hand type
blathering potus set
  10/03/17
why the fuck should we care what a retired hash smuggler thi...
aromatic azn
  10/03/17
EDIT: shit, I didn't realize Howard Marks died last year. I...
aromatic azn
  10/03/17
what exactly is this guys argument
sapphire base dingle berry
  10/03/17
They're not real!
nubile frum blood rage
  10/03/17
...
sapphire base dingle berry
  10/03/17
...
bronze contagious patrolman
  10/04/17
He doesn't understand it so it isn't real
fuchsia angry faggotry
  10/04/17
like that "Inter-Net" fad, this too shall pass
bronze contagious patrolman
  10/04/17


Poast new message in this thread



Reply Favorite

Date: October 3rd, 2017 7:30 AM
Author: bronze contagious patrolman

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)

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354397)



Reply Favorite

Date: October 3rd, 2017 9:55 AM
Author: Hairraiser coral dilemma

We are done here

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34354864)



Reply Favorite

Date: October 3rd, 2017 12:04 PM
Author: blathering potus set

boomer maf he never learned to two hand type

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34355818)



Reply Favorite

Date: October 3rd, 2017 12:29 PM
Author: aromatic azn

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)



Reply Favorite

Date: October 3rd, 2017 12:32 PM
Author: aromatic azn

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)



Reply Favorite

Date: October 3rd, 2017 12:37 PM
Author: sapphire base dingle berry

what exactly is this guys argument

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34356130)



Reply Favorite

Date: October 3rd, 2017 3:18 PM
Author: nubile frum blood rage

They're not real!

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357477)



Reply Favorite

Date: October 3rd, 2017 3:38 PM
Author: sapphire base dingle berry



(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357667)



Reply Favorite

Date: October 4th, 2017 2:01 AM
Author: bronze contagious patrolman



(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362932)



Reply Favorite

Date: October 4th, 2017 1:54 AM
Author: fuchsia angry faggotry

He doesn't understand it so it isn't real

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362913)



Reply Favorite

Date: October 4th, 2017 2:02 AM
Author: bronze contagious patrolman

like that "Inter-Net" fad, this too shall pass

(http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935)