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Buffett and Munger have an investment strategy that limits their interest in potential stocks/assets to specific criteria.
First, they have to understand the business/technology that they're considering. They have not demonstrated that they have done their homework -- the very quote of "its going to implode" in October of 2017 shows this. He's out of his depth on this new asset, its blatantly obvious.
Look, those fucking guys are nearly 90 -- I don't expect someone that far along to really give two shits about cryptocurrencies, much less know how they work. The only problem is when they open their wrinkle-holes and make noises about it. We get it grandpa twins, streetcar fares used to be a nickel and you could go to the movies for a dime. Drink your fucking milk and go to sleep.
We've got this.
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I'm sure all ten users were furious.
Not like you can't just use the BIP standard its based on to transfer to another wallet, if you're insisting on handling that shitfork coin.
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Everybody just talking about Lighting network , but when we will see really good 100% working lighting network with this 100% fast and free payments ?
Its already on mainnet -- someone sent a ONE SATOSHI transaction to someone for fucksake. That not cheap enough for you? lololol But seriously, this fucking narrative of "Lightning is an alt coin" was initiated by a few grumpy assholes who don't like the fact their narrative of "Bitcoin is too expensive" is falling apart. I've heard it from Tiffany Hayden, a Ripple shill, and from the Roger Ver camp. Its technically false, but like most claims coming from these twats, they try to latch on to emotionally based reasons versus fact-based ones to sway their user-base. Just another volley in the wars between Bitcoin and shitcoins/shitforks. |
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Max Keiser is in the clickbait business. He has made his money from being an old-school holder from long ago.
George isn't fucking stupid, if he tried to soak up the remaining 4 million Bitcoin that are left, it would spike the market - hard.
No one who actually trades would do such a thing. The smart thing to do, is accumulate on declines and basing periods - just like what we're going through now. Plenty of n00bs and weak holders out there willing to give their coins to someone, because they are demoralized from the recent declines.
If Soros is stupid enough to soak up the remaining float -- go for it, I won't be complaining if my coins are worth 1 million each.
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Come on, please. That guy had its (un)fair share of glory. Let him talk, he will do no harm. Running a bitcoin exchange was none of his business and he's lucky that, eventually, everything got solved for good. MSM have nothing to talk about during dumps and every bit of FUD helps. Don't worry
Are you nuts? The Bankruptcy proceedings is STILL IN PROCESS YEARS LATER. Not a single person who lost money on Gox has gotten ANYTHING. "got solved for good?" Solved how? It hasn't been "solved" for a long time! |
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Who cares what this corrupt, inept criminal thinks.
Fuck this guy, seriously.
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Why you idiots keep posting news articles from bitcoin.com is beyond me.
Its Roger Ver's mouthpiece domain.
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How can you have complete peace of mind with either one?
All that has been proven is any implementation will have flaws, the rest is just semantics and PR-speak about who is more "willing" to fix it.
It doesn't make either one better, just equally targeted.
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This story is from Roger Ver's mouthpiece squatted domain, so its no big surprise he's pushing his ego-project BCash. They should call the wallet "Echo", because no one is using that shitfork coin. Don't believe me? Take a look here: http://fork.lol/tx/txs -- BCash transaction volume is much less, while Bitcoin is at least 10 TIMES more, on average. Its been this way since the shitfork, and it isn't trending up - in fact, the average numbers of BCash tx's have been declining, with momentary spikes of "oh shit sell" when the overall market gets crushed. Fucking hilarious. Ver is like that old dude that doesn't understand that smartphones have GPS, and works at Garmin pushing hand-held "City Navigator" devices. Hopelessly outdated and obsolete. |
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Nobody is "still dumping" anything. It all happened from the all-time high down to the plunging low. Don't believe me? Then check this site of cold wallets that Gox had control over (and now the trustee does) -- http://gaelb.alwaysdata.net/MTgox_watch_CW/index.htmlI hate sloppy writing, but the crypto space is full of it. |
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As we all know the volatility is enormous in the past 4 months and this factor contradicts the "new gold"statement and in my view is a big overstatement.
But i have to agree that BTC grows when large geopolitical events occur and will do so .
Oil and Twitter (the stock) is more volatile than Bitcoin. Forbes is trying to wrap their ossifying grey matter around the idea of cryptocurrencies, but they can't find a convenient box to put it in. Digital scarcity of an asset that is essentially a "Digital Bearer Bond" has utility beyond a physically cumbersome dinosaur coin/bars/ingots. What I personally find hilarious is that even with the sabre-rattling of the Soviet Union and North Korea, Gold can't even manage a rally to $2,000 - its been languishing for quite some time. Pathetic. |
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What would be the point?
SWIFT still won't let you move your money if they say no. Bitcoin can't tell you you're not allowed to move your money. Bitcoin still wins.
Exactly. SWIFT is a dinosaur that is trying to figure out how to use this "block chained" thing. They have zero fucking clue. They think that if they use bits and pieces, the world will beat a path to their doorstep. This kind of insular and backwards "innovation" is typical of institutions who are rapidly becoming obsolete. |
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Hmmm, even tiny off-shore banking centers are acting threatened by cryptocurrencies? Interesting.
(note how there's no question of "looking seriously at regulation", lol. At least some of these governors have the humility to know when they're beat)
Using ERC20 tokens is a big mistake. I wouldn't want the viability of my system tied to Money Skeletor Vitalik not getting hit by a bus. Government coins always seem to have these glaring pitfalls. First Venezeula, now this? Should be instructive. |
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Maduro is going to use his mustache magic to make a ERC20 shit-token "backed" by oil? The same oil that can't be processed because he nationalized all the refiners and shut most of the infrastructure down?
What makes Maduro qualified to run anything like this? He's already proven his incompetence by hyper-inflating the Bolivar to unreal levels, but suddenly this shit-token is going to save everyone?
WRONG.
Bitcoin is saving Venezuelans, not this state-derived bullshit. Maduro's "Petro" is going to go down as one of the worst ICO's that ever existed, after it is mismanaged just like his shitty currency the Bolivar was (and is).
Anyone participating in this "pre-sale" is either an idiot, or someone who thinks they can sell quick to dump near what will be the historical highs.
What a fucking joke.
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Roger always picks such quality people to partner with. In 2012, Ayre and three other individuals were indicted by the US Attorney for Maryland on charges of illegal gambling and money laundering, leading to the billionaire evading authorities for nearly a decade.
In 2017, however, Ayre got off easy by pleading guilty to a single misdemeanor charge, while the remaining felony charges against him were dropped. According to Forbes, Ayre never came to the US to face the charges. You are about to witness one of the largest misallocations of capital the resort world has ever seen. No one uses BCash, http://fork.lol/tx/txs Bitcoin is an order of magnitude higher in transactions, and Bitcoin fees have compressed down into the domain of BCash -- http://fork.lol/tx/fee with variances from a few satoshi to 2 times at the extremes. Roger Ver's narrative is falling apart, so he's desperately trying to stay relevant by announcing splashy partenerships with dirty money launderers  Its too funny to watch. |
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Go to https://fork.lol/tx/txsSee the number of transactions? Bitcoin is beating BCash by a sizeable margin, essentially an order of magnitude more activity. Now go to https://fork.lol/tx/feeSee that wiggling blue line? Its BCash fees in satoshis per byte. The Orange one is Bitcoin. They are nearly together, the spreads are so tight. The whole fees narrative is falling the fuck apart. So what does BCash offer other than Roger Ver's mug plastered all over its promotional materials? They use the SAME CODE that Bitcoin uses, and they don't have Segwit implemented. This means they can't use Lightning in a secure and reliable way. Its going to be increasingly difficult for Roger Ver to keep up the charade with this going on. Also, its worth noting that Antpool which is Bitmain's big mining pool, is now mining 1MB blocks that have transactions in them. They used to mine empty blocks quite regularly. I even noticed the sporadic participation of a bitcoin.com mining pool that was starting to mine fractional and empty blocks. This may mean that Jihan and Roger have had a split, since their planned takeover hasn't gone the way they intended it to. Usually BCash would spike in large multiples before Roger had a speaking event - like the one going on now at "Anarcopulco", his buddy Jeff Berwick's event that Ver sponsored. The story is unraveling and Roger is going to be a very large bag-holder of an asset that nobody really wants. If you have any, I'd consider liquidating before the big realization sets in that BCash is Bankrupt. |
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Take a look at Ver's schedule of media events.
Prior or on the day of the event, BCash gets pumped. Someone should make an index/tracker of it and use it to hand Roger's ass to him.
Stockpile some shitfork tokens, wait for the interview, dump during its airing.
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