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The biggest problem with cryptomania is

that it represents a complete decoupling of the economy from...
Violent dashing skinny woman sanctuary
  01/03/18
"The economy is to them a casino" Finance jobs ...
nofapping friendly grandma organic girlfriend
  01/03/18
SHUT UP AND THROW MONEY INTO WEIRD WEBSITES
Vermilion Boyish Circlehead
  01/03/18
...
beady-eyed point kitty
  01/03/18
...
Charismatic Opaque Jew Really Tough Guy
  01/03/18
...
Sinister Translucent Degenerate Abode
  01/03/18
...
Exhilarant Khaki Resort Alpha
  01/03/18
...
Maniacal Glassy Heaven
  01/03/18
...
Odious Hall
  01/03/18
...
rambunctious gas station
  01/03/18
180,000
embarrassed to the bone spot headpube
  01/03/18
180 fuck libs
at-the-ready therapy mood
  01/03/18
Lmao
maroon quadroon
  01/03/18
...
Honey-headed Slap-happy Menage Striped Hyena
  01/03/18
...
chrome lascivious base
  01/03/18
...
Hairless Scourge Upon The Earth
  01/04/18
("jamie" dimon)
Lemon factory reset button
  01/03/18
...
Violent dashing skinny woman sanctuary
  01/03/18
(b Yakov Diamond
beady-eyed point kitty
  01/03/18
...
Odious Hall
  01/03/18
...
vengeful big-titted marketing idea queen of the night
  01/03/18
productivity is useless. we just keep creating more stuff an...
Filthy stirring public bath
  01/03/18
Easy to say when you were vaccinated as a child, always had ...
Violent dashing skinny woman sanctuary
  01/03/18
it isn't sustainable, simple as.
Filthy stirring public bath
  01/03/18
Yeah, and peak oil was ten years ago.
Violent dashing skinny woman sanctuary
  01/03/18
...
maroon quadroon
  01/03/18
...
bistre arrogant whorehouse
  01/04/18
...
bistre arrogant whorehouse
  01/04/18
...
Odious Hall
  01/03/18
Be honest: do you think the economy is pointless because you...
Violent dashing skinny woman sanctuary
  01/03/18
No I care a lot. I know it is a game I can't win, so I want...
Odious Hall
  01/03/18
Ty for your honesty. Life sucks if you're born low, but that...
Violent dashing skinny woman sanctuary
  01/03/18
malthusian trap -> crypto 180
submissive theatre
  01/03/18
...
Filthy stirring public bath
  01/03/18
, he said matter of factly as he continued to slurp up crypt...
naked principal's office police squad
  01/03/18
#nocoins
Violent dashing skinny woman sanctuary
  01/03/18
very reminiscent of Enron when it ceased to provide meaningf...
mauve box office dopamine
  01/03/18
what on earth are you talking about?
Laughsome state
  01/03/18
Explain how this is any different from much of the economic ...
territorial black woman becky
  01/03/18
but muh glass box/tower
Buff learning disabled dragon
  01/03/18
Services and entertainment are examples of things, other tha...
nofapping friendly grandma organic girlfriend
  01/03/18
True. Services other than law, though, right?
territorial black woman becky
  01/03/18
You do have a point in that huge swathes of the population a...
Violent dashing skinny woman sanctuary
  01/03/18
You could call any early stage technology "buzzy and po...
territorial black woman becky
  01/03/18
I'd rather invest after the hype cycle deflates and then slo...
Violent dashing skinny woman sanctuary
  01/03/18
Go for it. But why should that prevent other people from sa...
territorial black woman becky
  01/03/18
Don't conflate blockchains with crypto speculation.
Violent dashing skinny woman sanctuary
  01/03/18
how would that work in a hypothetical scenario where over ti...
Laughsome state
  01/03/18
I would never invest in a gold equivalent. Gold sucks. I ...
Violent dashing skinny woman sanctuary
  01/03/18
you're missing the point. you can think gold sucks but it st...
Laughsome state
  01/03/18
there is a lot wrong with OP.
Laughsome state
  01/03/18
Such as? You've mostly just flapped your arms itt.
Violent dashing skinny woman sanctuary
  01/03/18
well, for starters, manias/bubbles, while financially destru...
Laughsome state
  01/03/18
If that were so, why did reformers spend centuries trying to...
Violent dashing skinny woman sanctuary
  01/03/18
bc they valued stability and slower progress more, obviously...
Laughsome state
  01/03/18
Smoothing the business cycle allows for better long term pla...
Violent dashing skinny woman sanctuary
  01/03/18
are you reading from a textbook or something? that's not eve...
Laughsome state
  01/03/18
The bubbles of the 20th century have been mild compared to t...
Violent dashing skinny woman sanctuary
  01/03/18
lol ok
Laughsome state
  01/03/18
This "smoothing" is only true of the public market...
territorial black woman becky
  01/03/18
crypto and blockchain are web 3.0. that doesn't mean that mo...
Laughsome state
  01/03/18
I'm sure that vast, vast majority will be worth 0. I think ...
territorial black woman becky
  01/03/18
OK, but if every coin that has a 10% chance of being worth $...
stimulating multi-billionaire juggernaut
  01/03/18
At bottom, value is rooted in scarcity and the satisfaction ...
nofapping friendly grandma organic girlfriend
  01/03/18
The biggest problem is that there has never been such a get-...
stimulating multi-billionaire juggernaut
  01/03/18
Don't feed the beast.
Violent dashing skinny woman sanctuary
  01/03/18
JERRY! JERRY! JERRY!
Contagious Area
  01/03/18
meh, we had an internet bubble not too long ago and not only...
Laughsome state
  01/03/18
Except I'm not sure even the "financially literate"...
territorial black woman becky
  01/03/18
You have to have some real world metrics. Tying Bitcoin to g...
stimulating multi-billionaire juggernaut
  01/03/18
...
Apoplectic Cerise Property Mental Disorder
  01/03/18
OP is on point. I've been reading about the 1929 stock mark...
red low-t lay ceo
  01/03/18
WTF bro? This market isn’t a casino! *hits tutu pipe* *b...
maroon quadroon
  01/03/18
"we've never seen this before!"
Laughsome state
  01/03/18
JFC
maroon quadroon
  01/03/18
We improved productivity in the economy for 40 years. It di...
flushed yarmulke stage
  01/03/18
...
Maniacal Glassy Heaven
  01/03/18
Lol we’re all gonna die
maroon quadroon
  01/03/18
...
Odious Hall
  01/03/18
NERD!
flesh blathering azn electric furnace
  01/03/18
one final point. while I don't dismiss that there is a mania...
Laughsome state
  01/04/18
Along with the 2-3 trillion in energy, billions (maybe trill...
maroon quadroon
  01/04/18
Crypto is 100% a ponzi bubble and more But who cares when...
azure space associate
  01/04/18
"Crypto is 100% a ponzi bubble and more" more? ...
Laughsome state
  01/04/18
It may very well come to that for some
azure space associate
  01/04/18


Poast new message in this thread



Reply Favorite

Date: January 3rd, 2018 10:11 PM
Author: Violent dashing skinny woman sanctuary

that it represents a complete decoupling of the economy from solving the problem of scarcity. Cryptocurrencies, as they are traded now, do nothing to improve productivity. The mania is simply momentum chasing.

The worst part is that for many people this *is* the economy. The economy is to them a casino, rather than a productive engine.

Technological singularity people will say of course this is where things are headed. With scarcity solved the economy is just a game to be played, rather than a struggle for survival. The problem is that technological singularity people have been around since Marx, and have always been wrong.

In the end the people who know how to do things will always be okay, and one speculator will win the game of musical chairs.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076012)



Reply Favorite

Date: January 3rd, 2018 10:16 PM
Author: nofapping friendly grandma organic girlfriend

"The economy is to them a casino"

Finance jobs are TTT now.

Gotta have a replacement.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076069)



Reply Favorite

Date: January 3rd, 2018 10:11 PM
Author: Vermilion Boyish Circlehead

SHUT UP AND THROW MONEY INTO WEIRD WEBSITES

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076016)



Reply Favorite

Date: January 3rd, 2018 10:13 PM
Author: beady-eyed point kitty



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076033)



Reply Favorite

Date: January 3rd, 2018 10:13 PM
Author: Charismatic Opaque Jew Really Tough Guy



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076040)



Reply Favorite

Date: January 3rd, 2018 10:14 PM
Author: Sinister Translucent Degenerate Abode



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076042)



Reply Favorite

Date: January 3rd, 2018 10:14 PM
Author: Exhilarant Khaki Resort Alpha



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076045)



Reply Favorite

Date: January 3rd, 2018 10:23 PM
Author: Maniacal Glassy Heaven



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076133)



Reply Favorite

Date: January 3rd, 2018 10:24 PM
Author: Odious Hall



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076138)



Reply Favorite

Date: January 3rd, 2018 10:39 PM
Author: rambunctious gas station



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076258)



Reply Favorite

Date: January 3rd, 2018 10:53 PM
Author: embarrassed to the bone spot headpube

180,000

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076390)



Reply Favorite

Date: January 3rd, 2018 11:14 PM
Author: at-the-ready therapy mood

180 fuck libs

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076515)



Reply Favorite

Date: January 3rd, 2018 11:22 PM
Author: maroon quadroon

Lmao

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076591)



Reply Favorite

Date: January 3rd, 2018 11:37 PM
Author: Honey-headed Slap-happy Menage Striped Hyena



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076702)



Reply Favorite

Date: January 3rd, 2018 11:38 PM
Author: chrome lascivious base



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076710)



Reply Favorite

Date: January 4th, 2018 12:09 AM
Author: Hairless Scourge Upon The Earth



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076906)



Reply Favorite

Date: January 3rd, 2018 10:12 PM
Author: Lemon factory reset button

("jamie" dimon)

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076024)



Reply Favorite

Date: January 3rd, 2018 10:13 PM
Author: Violent dashing skinny woman sanctuary



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076032)



Reply Favorite

Date: January 3rd, 2018 10:13 PM
Author: beady-eyed point kitty

(b Yakov Diamond

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076039)



Reply Favorite

Date: January 3rd, 2018 10:24 PM
Author: Odious Hall



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076141)



Reply Favorite

Date: January 3rd, 2018 10:16 PM
Author: vengeful big-titted marketing idea queen of the night



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076061)



Reply Favorite

Date: January 3rd, 2018 10:15 PM
Author: Filthy stirring public bath

productivity is useless. we just keep creating more stuff and overpopulating the planet. nobody cares anymore, nor should they.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076049)



Reply Favorite

Date: January 3rd, 2018 10:16 PM
Author: Violent dashing skinny woman sanctuary

Easy to say when you were vaccinated as a child, always had enough to eat, always had a roof over your head...

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076067)



Reply Favorite

Date: January 3rd, 2018 10:17 PM
Author: Filthy stirring public bath

it isn't sustainable, simple as.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076080)



Reply Favorite

Date: January 3rd, 2018 10:23 PM
Author: Violent dashing skinny woman sanctuary

Yeah, and peak oil was ten years ago.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076130)



Reply Favorite

Date: January 3rd, 2018 11:23 PM
Author: maroon quadroon



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076596)



Reply Favorite

Date: January 4th, 2018 1:25 AM
Author: bistre arrogant whorehouse



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35077303)



Reply Favorite

Date: January 4th, 2018 1:26 AM
Author: bistre arrogant whorehouse



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35077304)



Reply Favorite

Date: January 3rd, 2018 10:24 PM
Author: Odious Hall



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076143)



Reply Favorite

Date: January 3rd, 2018 10:26 PM
Author: Violent dashing skinny woman sanctuary

Be honest: do you think the economy is pointless because you know it's a game you can't win, so you nonchalantly "don't care"?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076161)



Reply Favorite

Date: January 3rd, 2018 10:28 PM
Author: Odious Hall

No I care a lot. I know it is a game I can't win, so I want to gas all the kikes.



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076174)



Reply Favorite

Date: January 3rd, 2018 10:31 PM
Author: Violent dashing skinny woman sanctuary

Ty for your honesty. Life sucks if you're born low, but that doesn't mean you do it the sleazy way.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076192)



Reply Favorite

Date: January 3rd, 2018 10:42 PM
Author: submissive theatre

malthusian trap -> crypto

180

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076286)



Reply Favorite

Date: January 3rd, 2018 10:46 PM
Author: Filthy stirring public bath



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076321)



Reply Favorite

Date: January 3rd, 2018 10:15 PM
Author: naked principal's office police squad

, he said matter of factly as he continued to slurp up crypto like a greedy little cryptopig

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076054)



Reply Favorite

Date: January 3rd, 2018 10:17 PM
Author: Violent dashing skinny woman sanctuary

#nocoins

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076070)



Reply Favorite

Date: January 3rd, 2018 10:15 PM
Author: mauve box office dopamine

very reminiscent of Enron when it ceased to provide meaningful amounts of any products or services and basically just sold its stock price for the last few years

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076055)



Reply Favorite

Date: January 3rd, 2018 10:17 PM
Author: Laughsome state

what on earth are you talking about?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076074)



Reply Favorite

Date: January 3rd, 2018 10:17 PM
Author: territorial black woman becky

Explain how this is any different from much of the economic growth, primarily coming from S.V., over the past 10-15 years? At least every day people can participate in this BOOM.

If you're hoping America starts building shit again, you're going to be sorely disappointed.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076078)



Reply Favorite

Date: January 3rd, 2018 10:19 PM
Author: Buff learning disabled dragon

but muh glass box/tower

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076092)



Reply Favorite

Date: January 3rd, 2018 10:19 PM
Author: nofapping friendly grandma organic girlfriend

Services and entertainment are examples of things, other than manufactured goods, that have value.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076098)



Reply Favorite

Date: January 3rd, 2018 10:49 PM
Author: territorial black woman becky

True. Services other than law, though, right?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076343)



Reply Favorite

Date: January 3rd, 2018 10:22 PM
Author: Violent dashing skinny woman sanctuary

You do have a point in that huge swathes of the population are unable to participate in the economy because of lack of ability or training, and to them crypto is just another scratch-off lottery ticket.

SV is mostly bullshit, but occasionally does great stuff, often from obscure companies no one knows about. Saying SV is as buzzy and pointless as crypto is not accurate. Crypto is an extreme example of tech mania.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076120)



Reply Favorite

Date: January 3rd, 2018 10:51 PM
Author: territorial black woman becky

You could call any early stage technology "buzzy and pointless." It's surely less "buzzy and pointless" than social networking, isn't it?

Every early stage technology has had big pointless failures (in hindsight) that went to 0. This time you're just seeing it and can throw your money in the ring directly, rather than via someone taking 2% off the top and another 20% of the profits. Not saying it's a good or bad investment long term, just what it is.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076364)



Reply Favorite

Date: January 3rd, 2018 10:53 PM
Author: Violent dashing skinny woman sanctuary

I'd rather invest after the hype cycle deflates and then slowly improves in line with value added.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076378)



Reply Favorite

Date: January 3rd, 2018 11:00 PM
Author: territorial black woman becky

Go for it. But why should that prevent other people from saying "I see this as having a 50% chance of work, but offering a 5X return if it does" and putting in their money?

And, btw, a decentralized internet if it works, will in fact be "productive."

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076436)



Reply Favorite

Date: January 3rd, 2018 11:12 PM
Author: Violent dashing skinny woman sanctuary

Don't conflate blockchains with crypto speculation.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076504)



Reply Favorite

Date: January 3rd, 2018 11:08 PM
Author: Laughsome state

how would that work in a hypothetical scenario where over time Bitcoin replaces gold as a store of value?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076483)



Reply Favorite

Date: January 3rd, 2018 11:12 PM
Author: Violent dashing skinny woman sanctuary

I would never invest in a gold equivalent. Gold sucks.

I would invest in technology that facilitated crypto transactions. I don't think crypto has much use as an asset, but would be a great medium of exchange. For the latter to happen you would have to inflate the supply to make it useful.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076498)



Reply Favorite

Date: January 3rd, 2018 11:31 PM
Author: Laughsome state

you're missing the point. you can think gold sucks but it still has a market cap in the trillions.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076655)



Reply Favorite

Date: January 3rd, 2018 10:23 PM
Author: Laughsome state

there is a lot wrong with OP.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076132)



Reply Favorite

Date: January 3rd, 2018 10:25 PM
Author: Violent dashing skinny woman sanctuary

Such as? You've mostly just flapped your arms itt.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076147)



Reply Favorite

Date: January 3rd, 2018 10:28 PM
Author: Laughsome state

well, for starters, manias/bubbles, while financially destructive to those who ultimately get caught holding the bag, expedite the progression and maturation of the underlying beneficial technology.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076172)



Reply Favorite

Date: January 3rd, 2018 10:30 PM
Author: Violent dashing skinny woman sanctuary

If that were so, why did reformers spend centuries trying to tame the business cycle, with a resulting increase in long term growth rates? Boom/bust is not a feature; it's a bug.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076185)



Reply Favorite

Date: January 3rd, 2018 10:37 PM
Author: Laughsome state

bc they valued stability and slower progress more, obviously. but that doesn't make my point less valid.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076239)



Reply Favorite

Date: January 3rd, 2018 10:38 PM
Author: Violent dashing skinny woman sanctuary

Smoothing the business cycle allows for better long term planning, hence the improvement in long term growth rates

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076253)



Reply Favorite

Date: January 3rd, 2018 10:46 PM
Author: Laughsome state

are you reading from a textbook or something? that's not even relevant to what's going on here, even assuming that "smoothing the business cycle" is something that has proven to be achievable. we've had an internet bubble, a housing bubble, and now a crypto bubble over the course of the past 20 years.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076317)



Reply Favorite

Date: January 3rd, 2018 10:49 PM
Author: Violent dashing skinny woman sanctuary

The bubbles of the 20th century have been mild compared to the bubbles of the 19th century.

I suspect you imagine yourself a winning speculator, or better yet a middle man with no skin in the game, and are cynically pumping up this bubble for your own selfish ends.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076344)



Reply Favorite

Date: January 3rd, 2018 10:52 PM
Author: Laughsome state

lol ok

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076370)



Reply Favorite

Date: January 3rd, 2018 10:55 PM
Author: territorial black woman becky

This "smoothing" is only true of the public markets. If you look at private placements, VC, PE, etc. there is a lot of boom and bust.

Crypto, IMO, is raising a fundamental question: should average people be able to invest in something that has a greater return than stocks (likely, IMO), but is far more volatile and prone to scams. I say yes, but I think it's far from obvious. If crypto is web 3.0, I think it'll be great that retail people got in on the ground floor. If not, it'll suck.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076398)



Reply Favorite

Date: January 3rd, 2018 11:02 PM
Author: Laughsome state

crypto and blockchain are web 3.0. that doesn't mean that most of the cryptos traded won't eventually be worthless, just as was the case with web 1.0.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076450)



Reply Favorite

Date: January 3rd, 2018 11:07 PM
Author: territorial black woman becky

I'm sure that vast, vast majority will be worth 0. I think the thing the critics miss is that a bunch of coins being worth 0 doesn't taint the whole sector; it's true of any early stage tech.

The valuations for some (granted, not all) of the coins is reasonable if you consider that a coin can have a valuation of $100 mil if it has a 10% chance of being worth $1 billion (or whatever risk adjusted ratio you want to use).

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076477)



Reply Favorite

Date: January 3rd, 2018 11:52 PM
Author: stimulating multi-billionaire juggernaut

OK, but if every coin that has a 10% chance of being worth $1 billion is currently valued at $10 billion, then you have a speculative bubble.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076808)



Reply Favorite

Date: January 3rd, 2018 10:25 PM
Author: nofapping friendly grandma organic girlfriend

At bottom, value is rooted in scarcity and the satisfaction of human desire.

Unless people are interested in the aesthetics of crypto, it eventually has to do something else to satisfy human desires (or at least be expected to do so).

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076151)



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Date: January 3rd, 2018 10:27 PM
Author: stimulating multi-billionaire juggernaut

The biggest problem is that there has never been such a get-rich-quick outlet for technologically competent but financially illiterate Millenial retards who don't understand basic financial or valuation concepts. To them, saying that X has a value of Z, which means that Y, which does more than X, should be worth at least 2Z! is a valid argument. But I digress and am also trying to get rich quick.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076166)



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Date: January 3rd, 2018 10:29 PM
Author: Violent dashing skinny woman sanctuary

Don't feed the beast.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076179)



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Date: January 3rd, 2018 10:29 PM
Author: Contagious Area

JERRY! JERRY! JERRY!

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076180)



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Date: January 3rd, 2018 10:40 PM
Author: Laughsome state

meh, we had an internet bubble not too long ago and not only did the world not come to an end but it brought the technology much further and faster to the masses.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076268)



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Date: January 3rd, 2018 10:57 PM
Author: territorial black woman becky

Except I'm not sure even the "financially literate" would know how to value a fully formed crypto network at this point. It's a new technology; there is no way to evaluate it based on some kind of EBITDA ratio or whatever. We're in the wild west, brah.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076417)



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Date: January 3rd, 2018 11:22 PM
Author: stimulating multi-billionaire juggernaut

You have to have some real world metrics. Tying Bitcoin to gold makes some sense. Thinking that Ripple's value could exceed the entire world's money supply doesn't.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076588)



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Date: January 3rd, 2018 10:32 PM
Author: Apoplectic Cerise Property Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076195)



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Date: January 3rd, 2018 10:39 PM
Author: red low-t lay ceo

OP is on point. I've been reading about the 1929 stock market crash.

See http://www.autoadmit.com/thread.php?thread_id=3848753&mc=8&forum_id=2

The Crypto bubble is being fueled by the exact same sort of speculation.

"People were not buying stocks due to fundamentals; they were buying in anticipation of rising share prices. Rising share prices simply brought more people into the markets, convinced that it was easy money."

The biggest difference I see between the two right now are: 1) scale; and 2) how the bubble will pop. I do not think the crypto market is anywhere close to as ubiquitous as the stock market was in 1929. See the story linked above on Kennedy and the shoe shine boy. The market cap itself is also about 1/100 of traditional stock investments. So, even though most people have heard about "Bitcoin," most people still do not own any Bitcoin.

Concerning the pop, the run on the banks was akin to the Hindenburg (rapid hydrogen fueled explosion) due to leveraged margin trading. Margin trading doesn't seem to be that prevalent in crypto, although the valuations are laughably out of sink with reality. I think crypto will be more of a slow burn, with certain shitcoin prices steadily falling over time. Perhaps with periods of intense volatility after a large hack, or new form of government regulation/intervention.

That said, I'm still dumping every last dollar I have into crypto. YOLO.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076260)



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Date: January 3rd, 2018 10:42 PM
Author: maroon quadroon

WTF bro? This market isn’t a casino!

*hits tutu pipe*

*buys undrilled mineral rights for 150 years worth of royalties*

*buys real estate for 125% more than it cost in 2006*

*buys internet Chuck E. Cheese tokens that were 10 dollars a year ago for 1000 dollars a piece*

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076291)



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Date: January 3rd, 2018 10:47 PM
Author: Laughsome state

"we've never seen this before!"

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076325)



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Date: January 3rd, 2018 11:36 PM
Author: maroon quadroon

JFC

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076699)



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Date: January 3rd, 2018 10:55 PM
Author: flushed yarmulke stage

We improved productivity in the economy for 40 years. It didn't lead to higher wages. It's already decoupled. Why the fuck wouldn't we chase crypto?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076400)



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Date: January 3rd, 2018 11:09 PM
Author: Maniacal Glassy Heaven



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076490)



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Date: January 3rd, 2018 11:22 PM
Author: maroon quadroon

Lol we’re all gonna die

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076590)



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Date: January 3rd, 2018 11:34 PM
Author: Odious Hall



(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076686)



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Date: January 3rd, 2018 11:46 PM
Author: flesh blathering azn electric furnace

NERD!

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076767)



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Date: January 4th, 2018 12:02 AM
Author: Laughsome state

one final point. while I don't dismiss that there is a mania element to crypto investing, let's keep things in perspective. this "bubble" consists of a total market value of $700 billion spread across investors around the world with a large concentration owned by a tiny minority of very wealthy people.

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076869)



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Date: January 4th, 2018 12:04 AM
Author: maroon quadroon

Along with the 2-3 trillion in energy, billions (maybe trillions) in real estate appreciation, and multiple trillions in the stock market

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076875)



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Date: January 4th, 2018 12:19 AM
Author: azure space associate

Crypto is 100% a ponzi bubble and more

But who cares when you can be like Mark Cuban and realize it’s a scam, dump your trash to yahoo for billions and then buy real assets like fucking nba teams when the music ends

Stop your virtue signaling and ride the tiger

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35076984)



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Date: January 4th, 2018 12:30 AM
Author: Laughsome state

"Crypto is 100% a ponzi bubble and more"

more? is it also inoperable cancer?

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35077052)



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Date: January 4th, 2018 12:32 AM
Author: azure space associate

It may very well come to that for some

(http://www.autoadmit.com/thread.php?thread_id=3848804&forum_id=2#35077068)