Reply With QuoteGm went fishing, so I thought I'd have a play. I hope nobody takes the personas we portray on these forums too seriously.
Hall Of Fame
is smugness a currency?
some billionaires on here if that is the case.
Hall Of Fame
Gm went fishing, so I thought I'd have a play. I hope nobody takes the personas we portray on these forums too seriously.
Hall Of Fame
Bear in mind that Smith has skin in the game. Every pound invested in ******* or other 'alternative investments' is one less to go into the funds that he manages.Originally Posted by gm_gm
Hall Of Fame
Skin in the game or not, when you step back and think about what Smith is saying, he is right, insn't he?No, I suspect it is you who agrees with him since you've almost verbatim parroted what he said about the value of a car. Good on you and him for trying though, in that you have attempted to acknowledge some potential even though you clearly don't really understand it. That's genuinely not intended to be partonising btw, I completely understand why someone like Warren Buffet is completely opposed and will never understand it because of his era, doesn't make him any less of a great investor of his time. This 384% gain you made, at what price did you sell? You're wecome by the way.
As a currency - a medium of exchange - ******* is not currently viable. No sensible person or business could rely upon it to undertake day to day transactions because it is way too volatile (as you point out).
Whether it eventually evolves into a useable currency remains to be seen, but let's not pretend that ******* is one at the moment. It's a speculative investment - a flutter- the equivalent of putting a few quid on the 2:30 at Kempton. That's cool provided that people only invest/ gamble what they can afford to lose and are willing to accept the risk.
I currently hold ******* and am enjoying the ride, but I'm not going to pretend that my involvement is anything other than that.
Hall Of Fame
Oh John2 and kerravon together.
Odd that
Hall Of Fame
I agree. Though some dedicated geeks do exclusively use it and might not.
Where have I ever claimed that ******* is currently in a position to replace the GBP or USD in day to day use? I've always referenced the early internet to invoke patience when people try and make exaggerated claims about its current state.
It is a speculative for many, as indeed is the stock market, but that doesn't mean that there aren't many other serious investors who recognise its value on its fundementals and buy it as a long term investment rather than a short term speculative gamble. Multiple things can be true at the same time.
Amazon could go to £0.
Hall Of Fame
This was the point I was making Kerr it’s more of a commodity than a currency. John still hasn’t answered my question, I want him to help me understand as I’m too old.
The scenario....Roly takes his morning stroll to the paper shop to purchase the Morning Star, he’s asked for £1.50 but Roly says he will pay by BTC instead....talk us through how he does this?
Hall Of Fame
You're asking how YouTube works in 1997.
Video streaming was technically possible in 1998, and a small number of enthiasts did it, but it took many years for adoption and infrastructure to get to the point where it became mainstream.
BTC has a new payment network called the lightning network in its early stages, which is one of a number of technologies that will facilitate the sort of transaction you describe. It will be very easy to do, you'll probably use your phone and it will work much like a contactless payment.
Hall Of Fame
Gmgm. How did that challenge go when you claimed youd out run John over 3 sets playing modified tennis? Probably up there with your 50% gains.
Hall Of Fame
According to that font of all knowledge Google
A YouTuber is anyone who creates video content for the website. This makes co-founder Jawed Karim the first YouTuber when he uploaded a 18-second video called Me at the Zoo in 2005
Unless you live on fantasy island where your great aunt was doing it in 1997
Posting Permissions
