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Howard Marks on digital currencies: "They're not real."
| Bistre vigorous chad kitty | 10/03/17 |
| Thirsty soul-stirring spot toilet seat | 10/03/17 |
| vivacious goyim water buffalo | 10/03/17 |
| Bright arrogant philosopher-king pisswyrm | 10/03/17 |
| Bright arrogant philosopher-king pisswyrm | 10/03/17 |
| Flesh Mildly Autistic Bawdyhouse | 10/03/17 |
| sexy provocative crackhouse | 10/03/17 |
| Flesh Mildly Autistic Bawdyhouse | 10/03/17 |
| Bistre vigorous chad kitty | 10/04/17 |
| Marvelous forum friendly grandma | 10/04/17 |
| Bistre vigorous chad kitty | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: Bistre vigorous chad kitty 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: Thirsty soul-stirring spot toilet seat 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: vivacious goyim water buffalo 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: Bright arrogant philosopher-king pisswyrm 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: Bright arrogant philosopher-king pisswyrm 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: Flesh Mildly Autistic Bawdyhouse 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: sexy provocative crackhouse 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: Flesh Mildly Autistic Bawdyhouse (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: Bistre vigorous chad kitty (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: Marvelous forum friendly grandma 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: Bistre vigorous chad kitty like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |