[tophcfa]

Originally Posted by Fastskiguy

Will it go the way of the pet rock or the the way of the internet?

Or the way of Enron?

[Fastskiguy]

Originally Posted by tophcfa

Or the way of Enron?

Ha! I don’t think so but there is a nonzero chance that it could happen!

Joe

[CoachKandSportsguy]

LOL! I love listening to cult BS. There are so many right now, as thieves / crooks / get rich quick schemes / sociopaths / etc love the game. NFT were just another game created by the believers. The funniest part is that thieves steal each others' thieve's currency, which makes the whole implementation fraudulent.

block chain tries to solve the byzantine general game theory problem, Byzantine fault - Wikipedia and its the best solution so far. However, that doesn't make it economically viable on a mass scale as an asset class nor a money as a store of value for trading for goods and services.

the cult dudes don't even know when they are in the cult, and after some people come out, they can't believe how brain washed they were. . . . time to read up on abnormal psychology and behavioral finance to understand the intersection of money mania periods.

good luck to the cult. . . and yes, I have studied economic history in grad school, and have traded / invested / speculated over 40 years, so i have some experience in reality. . even the great Jesse Livermore died broke, but his great granddaughter is a beautiful porn star!

[CoachKandSportsguy]

Its kind of like this video. . .

https://pbs.twimg.com/ext_tw_video_t...jpg&name=small

herding in human behavior. . .

LOL!

[Fastskiguy]

And when the automobile was introduced people just wanted faster horses. You never really know until you have the benefit of hindsight.

Joe

[CoachKandSportsguy]

Originally Posted by Fastskiguy

And when the automobile was introduced people just wanted faster horses. You never really know until you have the benefit of hindsight.

Joe

maybe, or maybe one has enough experience in the game to realize a fraud when one sees one. . . there are lots of ideas which fail which if you seen them , you get the idea that its a solution looking for a personal problem.

[MorTech]

Originally Posted by CoachKandSportsguy

LOL! I love listening to cult BS. There are so many right now, as thieves / crooks / get rich quick schemes / sociopaths / etc love the game. NFT were just another game created by the believers. The funniest part is that thieves steal each others' thieve's currency, which makes the whole implementation fraudulent.

block chain tries to solve the byzantine general game theory problem, Byzantine fault - Wikipedia and its the best solution so far. However, that doesn't make it economically viable on a mass scale as an asset class nor a money as a store of value for trading for goods and services.

the cult dudes don't even know when they are in the cult, and after some people come out, they can't believe how brain washed they were. . . . time to read up on abnormal psychology and behavioral finance to understand the intersection of money mania periods.

good luck to the cult. . . and yes, I have studied economic history in grad school, and have traded / invested / speculated over 40 years, so i have some experience in reality. . even the great Jesse Livermore died broke, but his great granddaughter is a beautiful porn star!

What solves the "economic problem" of every political currency on earth rapidly falling to zero value? I don't think you understand what a "cult" is...Bitcoin is digital property that is limited in quantity and can't be stolen from you by muggers and voters.

[justjim]

If Buffet (warren) buys Bitcoin I’m in. Until then I’m out.

[CoachKandSportsguy]

Originally Posted by MorTech

What solves the "economic problem" of every political currency on earth rapidly falling to zero value? I don't think you understand what a "cult" is...Bitcoin is digital property that is limited in quantity and can't be stolen from you by muggers and voters.

LOL! keep repeating the cult BS so it becomes more true!

[manaboutown]

Originally Posted by MorTech

What solves the "economic problem" of every political currency on earth rapidly falling to zero value? I don't think you understand what a "cult" is...Bitcoin is digital property that is limited in quantity and can't be stolen from you by muggers and voters.

Bitcoin is air pudding and walk about pie. lol

[MorTech]

Originally Posted by CoachKandSportsguy

LOL! keep repeating the cult BS so it becomes more true!

I don't think you understand what a "cult" actually is
BTW - You didn't even try to answer my question. Any ideas, Economist?

If Jesse Livermore were alive today, he would borrow $1B and buy Bitcoin...Then he would fake his own death It is the only way I can think of to be truly free in this world of Central Bank counterfeit

[MorTech]

Originally Posted by manaboutown

Bitcoin is air pudding and walk about pie. lol

Alrighty then.

[tophcfa]

Originally Posted by MorTech

It is the only way I can think of to be truly free in this world of Central Bank counterfeit

Hmmmmm, being down 57% year to date is really liberating?

[MorTech]

Originally Posted by tophcfa

Hmmmmm, being down 57% year to date is really liberating?

What is the rate of return over 5 years? 10 years? Bitcoin was under one dollar about 10 years ago...Apple (Talking about a cult) was at about a buck in 2003. Of course it is going to fluctuate wildly against fiat currency. Like all assets since October 1987 when Greenspan implemented his institutional corruption program...Put in overdrive by the Clinton, Rubin, Greenspan trio

[CoachKandSportsguy]

And the US banking system is fractional, as are the crypto schemes. . . and your comment about all currencies going to zero says everything about cult beliefs. . .