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

The discussion of innovative investments brings me to Bitcoi...
Wonderful azn hell
  10/03/17
We are done here
aromatic primrose gas station ratface
  10/03/17
boomer maf he never learned to two hand type
motley sable skinny woman whorehouse
  10/03/17
why the fuck should we care what a retired hash smuggler thi...
glittery mediation
  10/03/17
EDIT: shit, I didn't realize Howard Marks died last year. I...
glittery mediation
  10/03/17
what exactly is this guys argument
Burgundy sickened national security agency
  10/03/17
They're not real!
Spectacular Amber Fat Ankles
  10/03/17
...
Burgundy sickened national security agency
  10/03/17
...
Wonderful azn hell
  10/04/17
He doesn't understand it so it isn't real
Exciting disrespectful corner shitlib
  10/04/17
like that "Inter-Net" fad, this too shall pass
Wonderful azn hell
  10/04/17


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Date: October 3rd, 2017 7:30 AM
Author: Wonderful azn hell

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)



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Date: October 3rd, 2017 9:55 AM
Author: aromatic primrose gas station ratface

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: motley sable skinny woman whorehouse

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: glittery mediation

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: glittery mediation

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: Burgundy sickened national security agency

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: Spectacular Amber Fat Ankles

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: Burgundy sickened national security agency



(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: Wonderful azn hell



(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: Exciting disrespectful corner shitlib

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: Wonderful azn hell

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

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