He is also an expert in nutritional advice, as with no doubt his diet has ensured his longevity.
I've started following his diet. So far I've gained 10lbs, but that won't matter when I also live to 86
He is also an expert in nutritional advice, as with no doubt his diet has ensured his longevity.
I've started following his diet. So far I've gained 10lbs, but that won't matter when I also live to 86
electron1661 wrote:
atomic swaps wrote:
First, crypto is a commodity not a currency. Second, Buffett would tell you the same about Amazon or really any tech stock because he only invests in what he understands. Third, I don't think anyone involved in crypto would argue that we are not in the midst of a massive and highly speculative bubble. Like the dotcom bubble, 95% of the current crypto projects will be defunct in five years, but the 5% that survive will be highly valuable.
what makes you call it a commodity? it is indeed a currency. i don't have any money invested but i seem them taking off. the US dollar have no gold backing anymore. there is, similarly, nothing backing these currencies.
Crypto, well Bitcoin anyway, is a digital store of value. Like gold, it has a hard coded built-in scarcity and new coins must be mined at great expense. Like gold, the price of Bitcoin fluctuates too much to be a good currency. Currencies need to be stable.
atomic swaps wrote:
electron1661 wrote:
what makes you call it a commodity? it is indeed a currency. i don't have any money invested but i seem them taking off. the US dollar have no gold backing anymore. there is, similarly, nothing backing these currencies.
Crypto, well Bitcoin anyway, is a digital store of value. Like gold, it has a hard coded built-in scarcity and new coins must be mined at great expense. Like gold, the price of Bitcoin fluctuates too much to be a good currency. Currencies need to be stable.
Wrong. Gold is scarce and has value. Crypto currencies which have no intrinsic value.
If I can't use crypto to pay my taxes then it is ultimately worthless.
What is a bitcoin
Flounder wrote:
Gold is scarce and has value. Crypto currencies which have no intrinsic value.
If I can't use crypto to pay my taxes then it is ultimately worthless.
Do you pay your taxes with gold?
dont make no sensers wrote:
lol libs wrote:
Asking 86 year old Warren Buffet about cryptocurrency is like asking Don Draper's opinion on internet stocks
how so?
Well essentially bitcoin and ethereum like currencies were created to reimburse nodes who participate and provide computing power in the decentralized networks which have the potential to be world computers. The intrinsic value is that it’s a means for payment for what could likely be the next internet. The fact that buffet is oblivious to this proves the point that all major investors know nothing about blockchain technology or bitcoins role. They simply see it as a tulip when it is so much more. To be fair though most speculators also only see it as a tulip and have zero knowledge of its original purpose.
atomic swaps wrote:
electron1661 wrote:
what makes you call it a commodity? it is indeed a currency. i don't have any money invested but i seem them taking off. the US dollar have no gold backing anymore. there is, similarly, nothing backing these currencies.
Crypto, well Bitcoin anyway, is a digital store of value. Like gold, it has a hard coded built-in scarcity and new coins must be mined at great expense. Like gold, the price of Bitcoin fluctuates too much to be a good currency. Currencies need to be stable.
This is wrong. It’s a currency for paying for compute power. It’s far more than a digital store of value.
Dril wrote:
atomic swaps wrote:
Crypto, well Bitcoin anyway, is a digital store of value. Like gold, it has a hard coded built-in scarcity and new coins must be mined at great expense. Like gold, the price of Bitcoin fluctuates too much to be a good currency. Currencies need to be stable.
This is wrong. It’s a currency for paying for compute power. It’s far more than a digital store of value.
There are a few Ethereum based crypto projects such as GNT and SONM that are trying to harness and sell decentralized computing power, but Bitcoin is not a "currency for paying for computer power".
I really hate talking about crypto because most don't understand it, even the ones that say that they do. This is the reason why I made that one profitable post about LTC, when it was at like 60.00. Some took advice and made a nice profit.
Anyway. This is the perception that one should have.
In today's world of payment settlement or payment solution, I can't send you money like I can send you an email or text. It is not in real time. It still takes 1-3 business days for money to transfer from one person's account to another person's account. That is too long, compared to how we are able to send data information.
So how do we send data value at the same time that we send data information? I mean ,the internet, up until this point, has been about sending data information as fast as possible, but there was never any focus on sending data value just as fast.
So, again, how do we accomplish this?
Digital Assets ( crypto), that's how.
For instance ,if a bank needs to send 1 billion dollars to a financial institution, they still have to fly it in or send an armor truck. That is expensive and time consuming( days). But, through a coin like RIPPLE, they can move liquidity from one place to another at the same speed that email or text messaging moves - real time!
It's that simple. These digital assets will allow everyone to move money within milliseconds and seconds. That is the value.
LTC is already being used by most crypto investors to get liquidity into exchanges so that they can trade. It's fast and inexpensive.
There is so much more to how blockchain technology is going to speed up how business is accomplished. This are going to be lightening fast. Loans will be done in seconds and minutes, as opposed to days and months. Contracts are going to be a lot faster to access and generated.
And if IOTA does go live, humans will not be needed, because the payment solution will be machine to machine: Smart refrigerator scans the fridge, sees that it is out of milk. The fridge will send an order to the grocery store for milk, and pay for the milk with IOTA coins. The grocery store will then acquire the milk from inventory, and give it to a drone. The drone will then fly the milk to your doorstep within a matter of minutes and hours.
Here’s why banks won’t let Crypto go legit: how much interest do the pool together those three days you are waiting for the payment to go through? There’s no money to be made in instant payment.
And let’s be real, no one is moving around a billion dollars outside of military contractors who accidentally “lose it.”
With digital money they basically made up Monopoly money and gave themselves imaginary value which somehow has convinced people it was real giving it actual value.
It is interesting now that even “real” money is digital now. Here is my big conspiracy theory... What’s stopping a massive foreign country, like China, making a “state ru bank with made up funds to give to agents to come to another country to buy land with cash? I live in Silicon Valley and a massive amount of buyers are foreign investors who pay cash. They then rent out the home for real money.
It’s modern warfare and the new way to take over a country. Not with guns but through buying up the land.
This is never going to work wrote:
Here’s why banks won’t let Crypto go legit: how much interest do the pool together those three days you are waiting for the payment to go through? There’s no money to be made in instant payment.
And let’s be real, no one is moving around a billion dollars outside of military contractors who accidentally “lose it.”
With digital money they basically made up Monopoly money and gave themselves imaginary value which somehow has convinced people it was real giving it actual value.
It is interesting now that even “real” money is digital now. Here is my big conspiracy theory... What’s stopping a massive foreign country, like China, making a “state ru bank with made up funds to give to agents to come to another country to buy land with cash? I live in Silicon Valley and a massive amount of buyers are foreign investors who pay cash. They then rent out the home for real money.
It’s modern warfare and the new way to take over a country. Not with guns but through buying up the land.
What?
Do you realize there are over 100 banks around the world that are already using Ripple? For the love of god, this is already in production.
Asians are the biggest users of crypto, and cash TAKES TO LONG, which is the whole point of crypto. And there are what two crypto exchanges in Cali now? GDAX and Kraken.
You're not understanding that this is already in production. Operations are already using it, and it is just getting bigger and bigger.
This is never going to work wrote:
Here’s why banks won’t let Crypto go legit: how much interest do the pool together those three days you are waiting for the payment to go through? There’s no money to be made in instant payment.
And let’s be real, no one is moving around a billion dollars outside of military contractors who accidentally “lose it.”
With digital money they basically made up Monopoly money and gave themselves imaginary value which somehow has convinced people it was real giving it actual value.
It is interesting now that even “real” money is digital now. Here is my big conspiracy theory... What’s stopping a massive foreign country, like China, making a “state ru bank with made up funds to give to agents to come to another country to buy land with cash? I live in Silicon Valley and a massive amount of buyers are foreign investors who pay cash. They then rent out the home for real money.
It’s modern warfare and the new way to take over a country. Not with guns but through buying up the land.
My riposte would be how many back office paper-pushing jobs could the banks eliminate and save costs with by using blockchain? It's not a matter of the banks wanting to make the change, it's a matter of them having to make the change to be competitive in the marketplace. Once one plucky bank makes the switch the rest will fall like dominoes. But this is not taking into account that the whole genesis of blockchain tech was to decentralize power away from banks and back to the individual, however the cat's out of the bag at this point and watch the banks co-opt it for their own purposes.
Hedge $ _ wrote:
Warren Buffett says Bitcoin-style currencies "will come to a bad end"
https://finance.yahoo.com/news/legendary-investor-warren-buffett-says-bitcoin-style-currencies-will-come-bad-end-121956603.htmlInteresting - I think he's right on this. Zero intrinsic value and market timers with little to no investing experience hoping and hoping
Every time I see those physical bitcoins that are used for illustrations, I wish I could own one, just for fun. I realize that is's not worth anything - it would just be a funny conversation piece. It's interesting that they always look the same in these articles, as if it's been decided what a physical, actual bitcoin would look like if they existed. Anyone know where to get one?
crypto shizo worth zippo!!!!! no doubt about that part!!!
martin545 wrote:
https://pics.me.me/when-you-buy-0-00051-of-a-bitcoin-for-10-and-29936335.png
pimple faced kiddos
https://www.ebay.com/sch/i.html?_from=R40&_nkw=bitcoin+gold&_in_kw=1&_ex_kw=&_sacat=0&_mPrRngCbx=1&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&LH_FS=1&_sadis=15&_stpos=93454&_sargn=-1%26saslc%3D1&_salic=1&_sop=15&_dmd=1&_ipg=200need to know wrote:
Every time I see those physical bitcoins that are used for illustrations, I wish I could own one, just for fun. I realize that is's not worth anything - it would just be a funny conversation piece. It's interesting that they always look the same in these articles, as if it's been decided what a physical, actual bitcoin would look like if they existed. Anyone know where to get one?
Right here `' wrote:
https://www.ebay.com/sch/i.html?_from=R40&_nkw=bitcoin+gold&_in_kw=1&_ex_kw=&_sacat=0&_mPrRngCbx=1&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&LH_FS=1&_sadis=15&_stpos=93454&_sargn=-1%26saslc%3D1&_salic=1&_sop=15&_dmd=1&_ipg=200need to know wrote:
Every time I see those physical bitcoins that are used for illustrations, I wish I could own one, just for fun. I realize that is's not worth anything - it would just be a funny conversation piece. It's interesting that they always look the same in these articles, as if it's been decided what a physical, actual bitcoin would look like if they existed. Anyone know where to get one?
$1?
Bitcoin price already way down this week
Are the experts cashing out?
Hope it goes down another 15% so I can buy back the little bit i sold when it bottomed a few weeks ago.
It fluctuates. I would need to see longer-term trends before i reached any opinion on its direction. But i am no expert. Looks range bound to this investor. Maybe i should be more actively trading this thing but i don't have the time. As it is, its taken more of my time than i would like.
Is there a rule against attaching a helium balloon to yourself while running a road race?
Am I living in the twilight zone? The Boston Marathon weather was terrible!
How rare is it to run a sub 5 minute mile AND bench press 225?
Jakob Ingebrigtsen has a 1989 Ferrari 348 GTB and he's just put in paperwork to upgrade it
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these
