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

The discussion of innovative investments brings me to Bitcoi...
avocado aphrodisiac roommate
  10/03/17
We are done here
mint volcanic crater rehab
  10/03/17
boomer maf he never learned to two hand type
Beta Shivering Nursing Home Dog Poop
  10/03/17
why the fuck should we care what a retired hash smuggler thi...
Misanthropic Rigor Sex Offender
  10/03/17
EDIT: shit, I didn't realize Howard Marks died last year. I...
Misanthropic Rigor Sex Offender
  10/03/17
what exactly is this guys argument
diverse spruce puppy
  10/03/17
They're not real!
Cracking abode
  10/03/17
...
diverse spruce puppy
  10/03/17
...
avocado aphrodisiac roommate
  10/04/17
He doesn't understand it so it isn't real
Coral Mildly Autistic Psychic
  10/04/17
like that "Inter-Net" fad, this too shall pass
avocado aphrodisiac roommate
  10/04/17


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Date: October 3rd, 2017 7:30 AM
Author: avocado aphrodisiac roommate

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: mint volcanic crater rehab

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: Beta Shivering Nursing Home Dog Poop

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: Misanthropic Rigor Sex Offender

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: Misanthropic Rigor Sex Offender

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: diverse spruce puppy

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: Cracking abode

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: diverse spruce puppy



(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: avocado aphrodisiac roommate



(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: Coral Mildly Autistic Psychic

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: avocado aphrodisiac roommate

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

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