For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it. I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going... You know a scamcoin like ETH is in trouble when: a) after years of development, still the use case and business case can't be found by anyone, including Vitalik b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)   |
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OT: https://www.cnbc.com/2018/12/04/cramer-this-sell-off-was-caused-by-a-computer-driven-footrace.html"Here's the problem: there are now so many hedge funds using the same algorithm, same programs [that] there simply aren't enough investors willing to take the other side of the trade. If we all know that stocks go down on certain triggers, then who the heck would want to buy stocks?" Cramer said.
"That's how you get a day like today, where the market goes into free-fall," the "Mad Money" host continued. "When the percentages are against you and the algorithms are in charge, ... nobody wants to try to be a hero and bet against them."
It's like ol' Jimbo is literally confessing to the market manipulation via algos. And is it really any different in the Bitcoin market? I don't think so. |
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Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "
All Tesla batteries are are a mountain of Panasonic 18650s bunched together. They're slightly larger than an AA battery. If your battery dies, order thousands of them from Ebay and the family Christmas can be spent with everyone stuffing them into the battery tray. Should be done by New Year. The battery longevity stats are actually seriously impressive. There are 200,000 mile cars with about 85% capacity left. That may be true, but I still think until the whole EV industry standardizes on components like standard batteries, EV cars will kinda remain "throwaway" vehicles. Because of the fast turnover of the still evolving technologies. Not like my classic truck that is 48 years old, runs like a champ, and still has parts and components that are easily available. It's the software side of things that's more of a concern, especially if your car is 'blacklisted' for a non official repair. I don't think people will take too kindly to the cloud esque form of 'ownership' compared to the traditional one when it comes to cars.
Yep, that is a very serious concern. |
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Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla  Teslas will have zero long term resale value. Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? " |
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Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points. However, this shows where institutional investors (aka hedgies) are on this. https://twitter.com/DoveyWan/status/1068573163670261760In short: institutionals are shell-shocked and bewildered. My take home message from this particular tweetstorm: small size institutional money will not participate from now on. TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers. I disagree, obviously. It's really frustrating because when the smoke clears on all the bullshit, shitcoin scams, and ICO scams, it's clear to anyone that gets involved with the crypto space that the entire industry/ecosystem hinges on Bitcoin TM being successful. It begins and ends with Bitcoin TM. All the other crap is just noise and nonsense. I think everyone realizes this by now. If every company out there would just rally around Bitcoin TM, create services and job opportunities exclusively for Bitcoin TM, and integrate with it exclusively, there would be zero, I mean ZERO downside to that. Bitcoin would be fully supported, miners would get 100% behind it, R&D development would get behind it, investors would get 100% behind it, etc. End users would not be so confused on what to buy and why -- they would know exactly what to buy: Bitcoin TM. But no, everyone wants to recreate the wheel with their own one-off, co-opted and privatized blockchain and their own coin. Well good luck with that. All those efforts will fail massively and spectacularly. It really is the public Internet vs. privatized Intranets battle all over again. Have we learned nothing from that? |
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Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.
Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit. Depends what you're into. I'm quite fond of Caol Ila 12/18 which is peaty, but not as much as Laphroaig, and with a buttery/oily mouth feel that I quite appreciate. My favourite whisky (so far with my limited experience) would be a Glenmorangie Signet though, which is quite sweet and actually has easily discernible notes of toffee, chocolate and less obvious coffee that you don't normally find in whisky. As far as non-scotch goes, Japanese whiskies that I enjoyed were any Hibiki, Yamazaki, and Nikka Coffey Grain. They're much tamer than scotch, but interesting drinks nonetheless. Thanks for the recommendations! Haven't really played with American whiskies yet, but Maker's Mark is quite nice and very cheap.
Russel's Reserve Single Barrel Rye is a good one. And then there's options like Woodford Reserve and Wild Turkey 101... American staples that are quite nice. Not into the really peaty stuff for whiskey, I like something in between with a hint of sweetness. Although I'm not much of a drinker anymore, had to give up weekly drinking about 5 years ago. Now I just like to taste something good and pure now and then, especially around the holidays. |
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Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.
Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit. |
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OT: The stock market action this year and the MSM "narrative" around it is hilarious.
There is no sell off. This whole year has been an "engineered correction." When the U.S. Congress passed the corporate tax repatriation bill in 2017, are people really so stupid as to think they'd immediately start mega stock buybacks in the first quarter of 2018 when stock valuations were sky high? Lol
Look for stocks to start climbing again next year....once they finish buying the bottom they shorted and created.
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While there are many estimates of bitcoin’s cost of mining, most suggest it is close to $5,000 per coin.
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Imaginary, valueless tokens are impossible to act as collateral for anything.
All those digital blips of trillions in fiat currencies, digital assets, and stock shares in databases around the world would disagree with you. |
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Quibble: Having one or more redundant engines on a boat can be highly valuable.
Quibble: Your analogy suxs and couldn't be more full of relevance fallacy |
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Supporters of all these altcoins are clouded by bias and are missing the very core of something: redundancy. In that I can make a perfect clone of *any* coin now, including Bitcoin, give it all the features, attributes, security, and issue rate of a great coin, even with no pre-mine, I can give it the very same "immaculate conception" as Bitcoin, etc., etc. So with all of that, should this altcoin I create just automatically be deemed as having value? Just because I launch it into existence? No. What it has is redundancy. To Bitcoin. If I create a new clone of Linux is it better than Linux? No, it's just redundant. If I create a new clone of an iPhone is it better than Apple's iPhone? No, it's just redundant. If I create a new clone of Facebook is it better than Facebook? No, it's just redundant. And on and on and on... redundant things are worthless things. See the recent fate of Google+ as an example. |
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R.I.P  Only if they sold. |
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OT:
So president Trump is threating to end govt subsidies to General Motors for closing 5 plants and laying off 10,000 workers.
The BIGGER fkn question: Why is the U.S. govt subsidizing GM, or ANY U.S. corporation at all?? With American tax dollars?? They can't thrive without govt subsidies?
Buy bitcoin.
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And a "Melt up" in the casino is a melt down on BTC... .
We're already heading down the same path as Japan. Banks will eventually own all the U.S. mega corps, including their debt. That's why Buffett has the largest stakes in five of the largest U.S. banks. By owning stakes in the banks, you indirectly will own the underlying mega corporations they have staked on their balance sheet. |
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OT: I love how the stock market rips higher not because companies are doing great and making more profit, but because the Fed is signaling that it'll keep the credit cheap so companies can just keep borrowing more money for more stock buybacks. WE ARE IN A FKN MELT-UP, PEOPLE. WAKE THE FK UP. |
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Or to put it in simpleton JayJuanGee speak, if the market cannot be cornered, it leaves no incentive for someone to pump it. This is why all bitcoin moves are lightning fast rises and lightning fast dumps. An aggregate market is a slow rise and slow dump. Someone that has zero clue how bitcoin works at all but knows about trading can tell bitcoin is centralized and cornered just by looking at how it trades.
Yeah just look how gold and silver got pumped and dumped in 2011 - cornered, centralized control |
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Coinbase - the world's first bank that doesn't pay you interest. Click here to open an account.
No banks pay interest anymore, r0ach. In fact many charge you a monthly fee if you don't keep a certain minimum amount held there. Some charge the monthly fee just to hold your money, regardless of your balance. |
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Coinbase off-book trading for whales? I’m not sure how that helps me but yippee. People need to get their coins the fk off of Coinbase. I'm sure that they are fractional reserve, and doing OTC for whales will probably make it much worse. Plebs will be 'leasing' what they think are their coins from the market makers. In a run to sell in a crash, who do you think will get their orders filled first: Whales or the plebs? Seen this movie before, it's exactly what happens with stocks in the stock market. |
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I love troll sock puppet accounts that are only days old, but talk about how they should have sold at the top. They're so fun! Yay...eh... /s |
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