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Howard Marks on digital currencies: "They're not real."
| Wonderful azn hell | 10/03/17 |
| aromatic primrose gas station ratface | 10/03/17 |
| motley sable skinny woman whorehouse | 10/03/17 |
| glittery mediation | 10/03/17 |
| glittery mediation | 10/03/17 |
| Burgundy sickened national security agency | 10/03/17 |
| Spectacular Amber Fat Ankles | 10/03/17 |
| Burgundy sickened national security agency | 10/03/17 |
| Wonderful azn hell | 10/04/17 |
| Exciting disrespectful corner shitlib | 10/04/17 |
| Wonderful azn hell | 10/04/17 |
Poast new message in this thread
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) |
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) |