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Howard Marks on digital currencies: "They're not real."
| Puce Lascivious Selfie Step-uncle's House | 10/03/17 |
| carnelian telephone | 10/03/17 |
| Olive thirsty property | 10/03/17 |
| Flesh brunch ape | 10/03/17 |
| Flesh brunch ape | 10/03/17 |
| Razzle-dazzle point sound barrier | 10/03/17 |
| Ebony Arousing Pervert Striped Hyena | 10/03/17 |
| Razzle-dazzle point sound barrier | 10/03/17 |
| Puce Lascivious Selfie Step-uncle's House | 10/04/17 |
| Cerise sex offender deer antler | 10/04/17 |
| Puce Lascivious Selfie Step-uncle's House | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: Puce Lascivious Selfie Step-uncle's House 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: carnelian telephone 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: Olive thirsty property 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: Flesh brunch ape 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: Flesh brunch ape 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: Razzle-dazzle point sound barrier 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: Ebony Arousing Pervert Striped Hyena 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: Razzle-dazzle point sound barrier (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: Puce Lascivious Selfie Step-uncle's House (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: Cerise sex offender deer antler 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: Puce Lascivious Selfie Step-uncle's House like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |