Where your hard-earned money comes to die. Home.
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Howard Marks on digital currencies: "They're not real."
| Mind-boggling naked idea he suggested | 10/03/17 |
| supple death wish kitty | 10/03/17 |
| Boyish green cuckold love of her life | 10/03/17 |
| Sinister tripping lodge candlestick maker | 10/03/17 |
| Sinister tripping lodge candlestick maker | 10/03/17 |
| Primrose excitant orchestra pit | 10/03/17 |
| Fishy Violent Locale | 10/03/17 |
| Primrose excitant orchestra pit | 10/03/17 |
| Mind-boggling naked idea he suggested | 10/04/17 |
| at-the-ready razzle station | 10/04/17 |
| Mind-boggling naked idea he suggested | 10/04/17 |
Poast new message in this thread
Date: October 3rd, 2017 7:30 AM Author: Mind-boggling naked idea he suggested 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: supple death wish kitty 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: Boyish green cuckold love of her life 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: Sinister tripping lodge candlestick maker 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: Sinister tripping lodge candlestick maker 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: Primrose excitant orchestra pit 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: Fishy Violent Locale 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: Primrose excitant orchestra pit (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: Mind-boggling naked idea he suggested (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: at-the-ready razzle station 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: Mind-boggling naked idea he suggested like that "Inter-Net" fad, this too shall pass (http://www.autoadmit.com/thread.php?thread_id=3751816&forum_id=7#34362935) |