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Everything posted by Jauronimo
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Reminds you of your wedding night?
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Rumor is that the killer is actually Rob Ford. He staged his death, worked as a santa for a few years while plotting his revenge.
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Another rookie in offseason trouble - Kareem Hunt
Jauronimo replied to YoloinOhio's topic in The Stadium Wall Archives
Which is why its just irresponsible for bars to close at 2 forcing people who would otherwise still be inside the bar out into the streets. Its poor public policy and its time that we as a nation begin the conversation about this uncomfortable truth. -
They are not like savings accounts. Relatively few crypto tokens/coins aim to be "useable money". What does market infrastructure have to do with behavior of the asset class and comparability to commodities?
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One of the best aspects of the ICO model and crypto space is that its the first time in modern history where individual investors beat institutional money to the game. The average investor is closed out of the initial rounds of IPOs where the windfall profits are made. As a result, the investment banks and big time asset managers get the deals. The game favors Wall Street but its all good because its for our "protection". In crypto, main street beat wall street to the game and wall street is still mostly closed out of the space. Average peeps have the inside track for a while yet to come.
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Video of Boston Bar filled with sad Patriots Fans
Jauronimo replied to wagon127's topic in The Stadium Wall Archives
That was uneventful. -
That would be an equity investment not an investment in a crypto asset. Crypto assets do not and will not produce cash flows. In most cases, they aren't controlled by companies which would defeat the spirit of this decentralized movement. Companies you and I invest in will adopt centralized blockchains to automate internal processes and save on costs but you won't buy and trade their tokens. I think the question isn't will any of this tech survive. The question that gives me anxiety as someone with skin in the game is will ETH and some of these other platform tokens appreciate in value or even maintain current value years from now even IF everyone you know is using their technology on a daily basis. Like the example put forth below, what if Karn is an overwhelming success and supplants ticketmaster and stubhub as a the global leader in event ticketing. Does the token have much value? https://multicoin.capital/2017/12/08/understanding-token-velocity/
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Bitcoin doesn't even aim to be a currency anymore from what I understand. Blockstream says bitcoin is essentially digital gold. No one uses gold in purchases. It still has value.
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Name the practical applications of gold and how much of gold's per ounce value is based on its practical application?
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Each BTC is divisible out to 8 decimal places. You can buy $20 worth of BTC if you want.
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Cool. But you have still only described maybe 1/3 of the total space. Read up on Ethereum which is anything BUT an attempt dethrone fiat and if that makes sense, take a gander at the hundreds of projects that are developing on the Ethereum platform.
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Have to wonder how Shady feels today
Jauronimo replied to T-Bomb's topic in The Stadium Wall Archives
I'm guessing he feels like the kind of guy that throws hot chicks parties for himself and makes millions of dollars. My heart goes out to him. -
I suppose crypto assets have "no intrinsic value" from the standpoint of traditional equity analysis but plenty of other assets have value that do not produce cash flows. Comparing bitcoin to speculation on fungus infected tulips solely because of rapid price appreciation demonstrates very little understanding of the situation. Fun talking points but they ring hollow. Why does gold or silver have any particular value? Their actual use in tech and products is minimal. Production grows every year. Is there really anything more to it than we as a species like shiny stuff that stays shiny? Not too long ago our paper money and the full faith and credit of the U.S. was based on how much shiny stuff we had yet people balk at crypto like the concept is totally unheard of. Now we have a digital asset with a true finite amount that can act as digital shiny stuff in a trustless environment sans central bank or clearinghouse. And unlike physical shiny stuff, you can carry a fortune of it in your pocket and send it across the globe in an instant. Sounds like a process improvement to me.
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What's the intrinsic value of fiat? I can think of a few pretty major differences between tulips and BTC or ETH.
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Can you describe the mechanics of tulip mania and how they relate to crypto assets?
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Brady's legacy took a big hit last night. He will retire with the most super bowl victories but also high on the list for super bowl losses, much like Jack Nicklaus who has the most 2nd place finishes in majors. Golden Bear during the regular season, folding chair when it counts.
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I did something foolish yesterday and bought GBTC. I feel good about buying sub 9,000 BTC. Not so good about that 50% premium to NAV. But until a BTC ETF hits the market or some other open ended vehicle, that premium seems like it should persist.