rkbabang

"winter is coming" LOL, in other news the CEO of Smith-Corona said word processing is a scam. And he's firing anyone who buys a computer, because they're stupid.

Really? http://i.imgur.com/oglrpqW.jpg

No, absolutely not. Currently to get a bitcoin transaction done you have to pay around one or two dollars, so it's actually quite expensive compared to regular banktransfers. Yes and in 1996 video over the internet was unrealistic, because if people used the internet at all they connected at 33kbps over their voice lines. People seem to have a hard time seeing where technology is and extrapolating to where it is going. Not really. When internet was slow you could envision faster speeds. For some companies it probably didn't happen fast enough (good luck with streaming video in 1996), but that was just inevitable technological progress. How fast it would happen and seeing what would and wouldn't be possible with that was of course the difficult part. Bitcoin (slash other blockchains) main innovation is that you can turn a large amount of computation power into shared trust. That really the core of the idea. The security (shared trust) only works because buying enough computational power to control the network is too expensive. That's why transactions with bitcoin or any other block chain based technology will never ever be cheap. Because if it would be cheap it would imply that the computational power that provides the block chain security would be cheap. And if that would be the case it wouldn't be secure anymore since you could rent computational power somewhere cheap and do what you want. Relative high transaction costs are the defining feature of block chains. It's the only reason it works. There is no clear technological path forward to improve that like you could see faster internet happening. To have shared trust with low transaction costs would require something completely new, and would probably make every existing block chain currency obsolete. That is where off chain transactions come into play. You don't really need your morning coffee purchase stored for eternity in the block chain. These problems will be fixed.

That's a feature not a bug. It is like cash, not like a credit card. There would be nothing stopping a bank or another company from issuing you credit based on bitcoin. Charging you interest on your balance and giving you purchase protection. That isn't what bitcoin is though. It is the money itself.

Also the NASDAQ crashed 75% a few years later because clueless people were buying all cryptocurrencies internet stocks at any price because the technology would change the world. I expect 75% crash would happen with cryptocurrencies at some point, yet its 20-year return could still be very good, much like NASDAQ. A 90% crash with 90% of the coins going away completely is quite possible in the next few years. None of that negates any of the potential we have been talking about from being true.

And it did.

No, absolutely not. Currently to get a bitcoin transaction done you have to pay around one or two dollars, so it's actually quite expensive compared to regular banktransfers. Yes and in 1996 video over the internet was unrealistic, because if people used the internet at all they connected at 33kbps over their voice lines. People seem to have a hard time seeing where technology is and extrapolating to where it is going.

I have looked at cloud mining as well as building a mining rig. I came to the conclusion that you end up with more coins by just using Bitcoin to purchase them directly with shapeshift or poloniex, or bittrex. Whatever you were thinking of spending on a mining contract use Coinbase to buy that amount of Bitcoin then use one of those exchanges I just mentioned to exchange it to the other currency.

+1. I've been buying more POE. As you said it has less risk since the recent news and the stock has been going down not up.

The only advantages that I can think of that gold has over bitcoin is that it is physical, which means two things. 1) In a total TEOTWAWKI situation with no more electricity you can still trade your gold for stuff. And 2) You can't fondle your Bitcoin.

That is another good reason to hold your own keys. When there is a fork your keys are automatically valid on both chains going forward. But if you hold a balance at an exchange it is up to the exchange whether or not to give you access to both currencies or not.

Wow. I didn't even come close to going all-in like that. I'd have to go and figure it out, buy I've probably invested about $10K total in my entire basket of cryptocurrencies in the last 2 years, maybe a little less. That small amount is in the 6-figures now. Had I done what you did, I'd be retiring now. If you guys don't mind- - What are both of your thoughts on cryptos going forward? Which specific cryptos are you most bullish on? - How are you storing your crypto assets? I have been holding btc, eth, and lc but I keep them in coinbase which I understand isn't without substantial risk. Moving outside of coinbase seems somewhat complicated and messy Its nothing more then a ledger, a means to transfer money, the only think I can equate this to is if everyone ran out and purchased checkbooks with the hope the price of them would go up significantly. Bitcoin has shifted from the minority of people who used it for its actually purpose to people buying it with the hope they can sell it to someone else for more. This has happened to bitcoin before and the only thing of value in any of this is the blockchain. Going forward I see this as nothing more than a fad much like fidget spinners and Pokemon Go. Not sure I think the future is knowable here. One thesis is it simply replaces gold as a store of value - probably unlikely but +EV under most scenarios Even intelligent people have a hard time assessing the impact new technology will have on the future. “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” --Paul Krugman, 1998 Because they can't be censored (solves google, FB, twitter censorship issues) or changed (solves people creating fake media with false attributions to discredit/destroy someone), and you can verify what you said/posted and when you said it, allows micropayments, etc, blockchains of one type or another will replace youtube, facebook, twitter, music streaming apps, podcasting apps, and will have other applications we haven't thought of quite yet. Money is just the obvious 1st app, sort of like email was with the internet.

Wow. I didn't even come close to going all-in like that. I'd have to go and figure it out, buy I've probably invested about $10K total in my entire basket of cryptocurrencies in the last 2 years, maybe a little less. That small amount is in the 6-figures now. Had I done what you did, I'd be retiring now. If you guys don't mind- - What are both of your thoughts on cryptos going forward? Which specific cryptos are you most bullish on? - How are you storing your crypto assets? I have been holding btc, eth, and lc but I keep them in coinbase which I understand isn't without substantial risk. Moving outside of coinbase seems somewhat complicated and messy The risk is of course tremendous, I think this is about the riskiest space you can invest in right now. Like internet stocks in the 90s. Of course when all is said and done I think there will be a great shakeup and crash, and tremendous value will come out the otherside equal or greater than the internet itself. There will be many pets.com's and a few amazon.com's which change the way the world does certain things. Because of this my strategy has been and is a shotgun approach. I will buy and hold what I see as the best candidates to survive then sit back and see what happens. I currently own Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH), DASH, Monero (XMR), NEO, GAS, Polybius (PLBT), and Tezos. I don't hold any of them at exchanges like Coinbase. I have used Coinbase to buy Bitcoin, but I then transfer it out to wallets where I own the keys. For Bitcoin I have a small amount in the Bread Wallet IOS app, a small amount in the Jaxx IOS app, and most in a paper wallet. To create a paper wallet go here: https://bitcoinpaperwallet.com/ Make sure that you disconnect your computer from the internet before creating the wallet at that site or any other. After printing multiple copies, power down your printer to remove it from memory. Then delete your browser's cache. To create a paper wallet for Ethereum go here: https://www.myetherwallet.com/ Take the same precautions. For Monero I use: https://mymonero.com/ For NEO/GAS: https://neowallet.cn/ I only hold a small amount of DASH and I keep it in Jaxx. Polybius is just a ETH token, so you hold it in an etherium wallet. And Tezos you can't buy yet, because the ICO is over and it hasn't started trading on the exchanges yet. One of the reasons cryptocurrencies are still a fringe type thing is the difficulty in figuring all this stuff out. That is pain, but it is also an opportunity. Coinbase is probably fine for the time being, but if you don't control your private keys, you don't really control your assets in the case of something happening to Coinbase. They could go out of business. They could be hacked. I don't think they will go out of business in the near future, but as far as being hacked, you can't discount that as a real possibility.

Wow. I didn't even come close to going all-in like that. I'd have to go and figure it out, buy I've probably invested about $10K total in my entire basket of cryptocurrencies in the last 2 years, maybe a little less. That small amount is in the 6-figures now. Had I done what you did, I'd be retiring now.

Curious to what you use (and others) to trade these crypocurrencies. Is there not an inherent cash out risk? I've only used $USD to buy Bitcoin at Coinbase and using cash at Bitcoin ATM machines. I've then traded Bitcoin for all the others using shapeshift, poloniex, and bittrex. Yes there is cash out risk, Coinbase is probably the best way to convert back to $USD, but I've never done so. I'm planning on holding long term until I can spend the cryptocurrencies themselves.

My best investments this year haven't been stocks at all. It has been Ethereum (ETH) and Monero (XMR), my cost basis in both is in the single digits $USD. Not to mention BTC which has done well too. As far as stocks I'm currently accumulating WFCF and POEFF.

A newspaper in Maine has it right. We need to deal with them using fire and furry. https://www.boston.com/news/media/2017/08/10/maine-newspaper-mortified-by-front-page-typo-of-trumps-north-korea-threat

His Facebook page is worth following as well.

How Foreign Media Changed My Life – Joo Yang, North Korean 9 min While growing up in North Korea, Joo Yang listened to foreign broadcasts on an illegal radio with her family for 10 years, preparing to defect despite the danger of being caught and sent to a prison camp. In this clip, Joo Yang describes how the dreams and fantasies she saw in banned media have become her reality. http://www.libertyinnorthkorea.org/videos/how-foreign-media-changed-my-life-joo-yang-north-korean/

Episode 18 of the Unregistered podcast is really worth listening to if you are interested in what is going on in N. Korea. Thaddeus Russell interviews Hannah Song who is an American of North Korean descent (her grandmother escaped in the 1950s). She runs an organization which helps N. Koreans escape to freedom, it runs a 3K mile long underground railroad through China because China will send refugees back if they are caught. She talks about the influence USB sticks smuggled in from S. Korea have on the young people in the North and how this and other S. Korean products proliferate on the black markets. It is a fascinating interview. http://www.thaddeusrussell.com/podcast/2017/7/31/episode-hannah-song

Whut whut??? You should have added a button for "Russians"! How could there not be a button for Russians???? Maybe that is part of their nefarious plan? Have you not been paying attention? The republicans blame the Mexicans, the Democrats blame the Russians. Geesh! this is elementary American politics in 2017.

I voted China, but it could just as easily be Mexico, immigrants, or Democrats. Who voted "The Fed", does trump even know what that is?

Actually the interest thing about DSC is that their razors are manufactured by a company called Dorco and sold directly through Amazon. I wonder if the future of CPG shifts away from Brands and back into the OEMs. I'm all for removing the middlemen. I switched directly from Gillette to Dorco years ago. I don't understand the appeal of DSC or the other one Hanks(? I think that's wrong). Why pay more for the same product from the same manufacturer? I've got over 3 years worth of Dorco cartridges at home so I won't have to even think of razor blades for a while (save both money and mental effort).

I think this is probably the most important factor in the comparison between the two. With a ship as large as Wal Mart, heading in the same direction for decades and its charismatic brilliant founder no longer of this world, it is very difficult for it to adjust its heading even slightly, nevermind change course entirely. Although you alluded to it, you didn't come out and say it: branding is an issue here as well. Walmart isn't just perceived as low priced, but also as cheap and low quality. You don't even think to look at Walmart if you want a high-end anything. Whereas Amazon is perceived as carrying high-end items for less money. Walmart and Amazon have a very different brand.

I wouldn't say Prime subscription "is" Amazon's business model, but it certainly is a part of it. Amazon has a multifaceted approach to what it is doing. In its retail operations Prime is a large focus (not "the" focus, but "a" focus). But there is also AWS which is a different beast entirely.