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Howard Marks on digital currencies: "They're not real."
| drunken temple juggernaut | 10/03/17 |
| Burgundy Nursing Home | 10/03/17 |
| electric native friendly grandma | 10/03/17 |
| bearded police squad | 10/03/17 |
| bearded police squad | 10/03/17 |
| Heady Filthy Meetinghouse Therapy | 10/03/17 |
| house-broken kitty cat half-breed | 10/03/17 |
| Heady Filthy Meetinghouse Therapy | 10/03/17 |
| drunken temple juggernaut | 10/04/17 |
| Carnelian casino azn | 10/04/17 |
| drunken temple juggernaut | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: drunken temple juggernaut 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: Burgundy Nursing Home 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: electric native friendly grandma 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: bearded police squad 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: bearded police squad 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: Heady Filthy Meetinghouse Therapy 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: house-broken kitty cat half-breed 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: Heady Filthy Meetinghouse Therapy (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34357667) |
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Date: October 4th, 2017 2:01 AM Author: drunken temple juggernaut (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362932) |
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Date: October 4th, 2017 1:54 AM Author: Carnelian casino azn 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: drunken temple juggernaut like that "Inter-Net" fad, this too shall pass (https://autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |