rkbabang

That's kind of cynical. I don't think he "knows" that the hyperloop is unworkable. I don't think there is anything impossible about the hyperloop or building a tunnel from NY-DC, or whatever. It may be cost prohibitive to the extent that it is almost impossible to do currently. But there is nothing physically impossible about it. If there is one thing Musk has done consistently it is underestimate the time and the cost of implementing his ideas. He's a dreamer, not a con man. He has also accomplished quite a bit already.

What did you do to prepare? This is not an issue I've thought enough about. Any insights would be greatly appreciated. I'd be interested as well, having recently turned 45, 50 will be upon me sooner than I'd like.

If 1) is their concern, maybe assuring them that you are an accredited investor might relieve their worries about the liability of talking to you about an investment, but it won't do any good if their reason is "it doesn't benefit us to talk to you".

I keep seeing news stories in the last 12 hours or so about the crash, but I own Amazon, Apple, Tesla, Overstock, and none of them went down very much yesterday and they are all up today. On what planet did the this tech crash happen? It wasn't this one.

I didn't know Buffett invested in Uber. :) I'm currently invested with 3 on the list (Parsad, Watsa, Bezos), as well as with Buffett. I'm not going to venture a guess as to which will work out the best for me over the long term, hopefully all of them.

Yes, it sounds like there was a bubble in the rare bulbs for the multicolored tulips, but the story was embellished upon the retelling, like a game of telephone going on for 400 years.

"Dutch Calvinists worried that the tulip-propelled consumerism boom would lead to societal decay. Their insistence that such great wealth was ungodly has even stayed with us to this day." This Calvinist distaste of wealth is indeed still with us today, and far too common, but has been taken up by worshipers of government power, rather than by worshipers of mythical supreme beings.

Things do really change sometimes though. It isn't always tulips and bubbles. When was the last time you ordered from the Sears & Roebucks Catalog? When was the last time you brought out your typewriter to write a letter, hell when was the last time you wrote a letter? There are bubbles and hype all the time, but there is also real technological change that replaces the old way of doing things and puts the companies who do things the old way out of business. There is a real threat here, how big or little the threat is is of course debatable, but it shouldn't be dismissed out of hand.

Holy moly, a pink swan event! I was thinking about going 2 Bermuda some day but if I gotta dress like that, not... You are only required to dress like that if you live there. I've been there a couple of times and they let visitors dress normally.

Ha, The little tiny thumbnail picture of this before I clicked on it looked like he wasn't wearing any pants at all.

? is this not simply trading in a broker/dealer capacity? It likely is. But can they buy things for their customers what they consider a fraud? Exactly. It's a fraud and a scam and I'll fire anyone who buys it because they are stupid, but if you're our customer and you want some we'll be happy to facilitate the trade. So Jamie Dimon personally has to agree with the investment merits of every trade his clients want to make? I think this whole JPM/bitcoin thing is ridiculous No but his company shouldn't be providing know fraudulent investments to its clients. That's like knowing in advance that Bernie Madoff is running a Ponzi scheme yet helping people invest with him. If he truly believes that it is a fraud as he states, then there is no way his company should be dealing with it in any way. A brokerage or investment advisor should only offer legitimate investment options for its clients. It seems unethical to me to do otherwise.

? is this not simply trading in a broker/dealer capacity? It likely is. But can they buy things for their customers what they consider a fraud? Exactly. It's a fraud and a scam and I'll fire anyone who buys it because they are stupid, but if you're our customer and you want some we'll be happy to facilitate the trade.

Classic. "After a Few Harsh Statements from Executive Jamie Dimon, JP Morgan Ltd., and Morgan Stanley Purchase Bitcoin ETNs" https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

That's a good quote, but probably understated. It should be "Success begins with failures."

I've never understood why encryption wasn't more common on the internet. It is rare that anyone encrypts their important files (or their whole hard drives) or emails. It seems most people can't be bothered. Probably the "I have nothing to hide" syndrome. But there are ways to store data securely and communicate securely in text or voice. It takes some effort, but less effort than going back to typewriters I think. Even with Wikileaks, Snowden, etc, I still don't think the average person realizes the extent to which they are being watched and tracked.

"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. So funny. My very first business partner, his father's company owned 100% of smith-corona ;) I used to use a Smith-Corona to do my book reports in middle school and high school. I had a Commodore 64 since I was 10yrs old, but I didn't have a printer until I got my 1st PC when I was a junior in high school. My Smith-Corona had the correction tape which was like magic, it could erase your errors!

I'd love to see this in the Boston area (either in MA or southern NH). The only down side is the weather. It has access to airports (Logan & Manchester), near some of the best colleges in the world (MIT, WPI, Harvard, Tufts, Northeastern, BU, BC, Dartmouth, Brandeis, UMASS, SNHU, ... too many to list), a good large base population of tech workers to pull from. If they locate in Southern NH their employees get no income tax, sales tax, or capital gains taxes. Access to beaches, mountains, lakes, ocean, and lots of stuff to do. And gives them an East Coast presence. The downside, like I said, is the whether to some people. I happen to love the New England winters and couldn't imagine living somewhere without snow, but I know that others don't feel that way.

"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.