Financial topics

[aeden]

https://www.nytimes.com/2021/02/09/book ... -prey.html
The Playbook of Denial

thread:
Geography of the Arabian Peninsula (Sifat Jazirat ul-Arab) is by far the most important work on the subject. The manuscript was used by Austrian orientalist, Aloys Sprenger in his Post- und Reiserouten des Orients (Leipzig, 1864) and further in his Alte Geographie Arabiens (Bern, 1875), and was edited by D.H. Müller (Leiden, 1884; cf. Sprenger's criticism in Zeitschrift der deutschen morgenländischen Gesellschaft, vol. 45, pp. 361–394).

His work has been the subject of extensive research and publications by the Austrian Arabist, Eduard Glaser, a specialist on ancient Arabia. The other great work of al-Hamdānī is his ten volume, Iklil (the Diadem), concerning the genealogies of the Himyarites and the wars waged by their kings. Volume 8, on the citadels and castles of southern Arabia, has been translated into German, edited and annotated by D.H.Müller as Die Burgen und Schlösser Sudarabiens (Vienna, 1881).

Other works said to have been written by al-Hamdani are listed in G. L. Flügel's Die grammatischen Schulen der Araber (Leipzig, 1862), pp. 220–221.

thread: kadesh

[richard5za]

Pretty good. But I have to watch quotes all day. You only have to check in every few days.

I think you have a very strong psychological constitution. If I was not only long BTC, but long term as well, I would be sleepless. I need to see underlying value and (very NB) somethingthat I can understand. Thats what Warren Buffett has said for long term investments for as long as I can remember. So take Elizabeth Holmes and Theranos. I don't understand that medical area at all and there was no working product. So no long term investment. I could take a short term same day or 2 day punt in these circumstances but actually never did. Now as regards BTC I must ask what constitutes the underlying value? I can't answer this, but it must be a good question? Yes? No?

If you have strong conviction in an investment, why would you be sleepless? That proves that (which is fine) you don't have it - which seems to indicate that it's not for you, then.

If you know what money is and you understand BTC and why people desire it (they are looking for reliable, trustworthy characteristics in a clown world) you see very easily why it is worth so much currently, and will be worth so much more later. It's going to be funny when the Peter Schiffs here keep calling it a bubble as it climbs past 100k. The problem is that you have to understand it well to understand that it's not a bubble (and that the comparisons that others have made here richard, show they don't understand it) ... so the foolish will keep calling it and ... keep being wrong.

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots. Whether you want to believe we are right or wrong, there is clearly a reason (or many) why we believe it has value. As a smart person, you should be able to at least guess. If you can't, you literally have no idea what BTC is and shouldn't even be asking questions about it since you clearly don't even care about it or the debate.

Or you can believe that guys just put BILLIONS into something for "fun." Go ahead, God knows that kind of religious thinking comes up often around here and other parts.

I think we need to agree to disagree. I will make no further posts on BTC

[aeden]

NO you brought up valid point you regarded. No problem here. We are like Mikey and life cereal.
Musk is to the auto industry, that AOC is to the democratic party.
We can date it bit irs not needed here.
He took a python script and a emplyee and the market thinks its intrinsic value.
We just supplied the means it was compromised and
use it as a python scapes.

Python leads the pack, with 57% of data scientists and machine learning developers using it and 33% prioritising it for development.

Generative adversarial networks (GANs) involve two artificial neural networks squaring off, one,
the generator, trying to delude the other, the discriminator, into accepting synthetic data as real.

You see we understand Him....

[aeden]

As for today their accusation is rooted in law, but so is the punishment God metes out to them. False accusation, according to the Bible and other ancient legal sources, entailed "do to the false witness just as the false witness had meant to do to the other"
(Deut 19:19). Moreover, abuse of royal power, in the Bible and elsewhere, was subject to punishment directly from God, the ultimate judge.
This affair has issues they deny in the swamp.
http://www.bibleodyssey.org/en/passages ... ltz-shalom
Pity them for they are deceived. Some will have no excuse.

[aeden]

At any time in 2020 did you as a taxpayer receive, exchange, sell, send, or acquire any financial interest in a virtual currency?
As we noted the injection routes are clear and we told you geniuses.
Burnt toast wil be the epitaph when the man comes around.

https://miro.medium.com/max/2400/1*sZui ... XTBrow.png

Prove the spirits.
δοκιμάζετε τὰ πνεύματα.
Tell me a story.

https://www.youtube.com/watch?v=1Iz5DaX8f7w

[aeden]

Side Note...I would like to congratulate the state of Utah for eliminating all conceal carry permits. t
https://www.youtube.com/watch?v=7xxgRUyzgs0

[aeden]

Day's Gain Unrealized
-$135.26 (-0.31%)

[Higgenbotham]

...If I was not only long BTC, but long term as well, I would be sleepless...I need to see underlying value...Now as regards BTC I must ask what constitutes the underlying value? I can't answer this, but it must be a good question? Yes? No?

It's going to be funny when the Peter Schiffs here keep calling it a bubble as it climbs past 100k. The problem is that you have to understand it well to understand that it's not a bubble (and that the comparisons that others have made here richard, show they don't understand it) ... so the foolish will keep calling it and ... keep being wrong.

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots. Whether you want to believe we are right or wrong, there is clearly a reason (or many) why we believe it has value. As a smart person, you should be able to at least guess. If you can't, you literally have no idea what BTC is and shouldn't even be asking questions about it since you clearly don't even care about it or the debate.

There is a reason those of us who can't be suckered into the bitcoin bubble are here.

It starts with John. He doesn't drink Kool-Aid. And I've noticed he's not drinking your flavor of Kool-Aid either.

The value of bitcoin is zero. It has no value, period. Richard asked you to state the basis of the value and you were unable to come up with any because it has zero value. It's not even worth a tulip.

Richard obviously is not drinking the Kool-Aid either.

I'm not drinking the Kool-Aid. Doesn't matter what you say. The only thing you've convinced me of is not to trade this crap, not even for 10 minutes.

There's nothing to think about with bitcoin. It's not even worth a fleeting thought. I think about as much about bitcoin as I think about flushing my shit down the toilet.

So you popped up again when the bubble inflated a bit more...yawn.

[Higgenbotham]

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots.

As far as Musk and Saylor go, it's impossible to know why they are gambling on bitcoin. But let me offer a possible reason.

“You only find out who is swimming naked when the tide goes out.” — Warren Buffett

Shortly after March 20, 2000, the worst day of Michael Saylor's life, one of his blue-chip Washington lawyers, Brendan Sullivan, promised him that everything was about to get worse.

This was just after MicroStrategy Inc., the company Saylor led, had been forced to issue a "restatement" of its recent financial records, effectively turning two years of profits into two years of losses; it was after the company's stock price fell from $226.75 to $86.75 a share in a single day of trading.

https://www.washingtonpost.com/archive/ ... 9b993a226/

Say, like Trump, you've been in the real estate business, and you recognize it's a bubble and has been for a long time. It's logical to say, well, it's been a bubble for a long time and the way to address it has been to buy the dip and then wait for some excesses, trim holdings, wait for the next dip, etc. The practical way to be successful in navigating the bubble has been to take on debt and assume the general trajectory is onward and upward to bigger and bigger bubbles with speed bumps along the road. People who have the constitution to operate in that manner are the only ones who have amassed fortunes since the 1987 crash (Hendricks Holdings, for example) and among that class of people a certain groupthink has developed and a level of genius is inappropriately attributed to that kind of thinking (another more widely known example, the cult of Warren Buffet which would never have existed absent the bubble environment since 1987).

So Saylor hit a speed bump about the time the Internet bubble burst. Now he's borrowed to buy bitcoin.

[vincecate]

There is a reason those of us who can't be suckered into the bitcoin bubble are here.

It starts with John. He doesn't drink Kool-Aid. And I've noticed he's not drinking your flavor of Kool-Aid either.

The value of bitcoin is zero. It has no value, period. Richard asked you to state the basis of the value and you were unable to come up with any because it has zero value. It's not even worth a tulip.

Richard obviously is not drinking the Kool-Aid either.

I'm not drinking the Kool-Aid. Doesn't matter what you say. The only thing you've convinced me of is not to trade this crap, not even for 10 minutes.

There's nothing to think about with bitcoin. It's not even worth a fleeting thought. I think about as much about bitcoin as I think about flushing my shit down the toilet.

So you popped up again when the bubble inflated a bit more...yawn.

In 1997 we held a conference in Anguilla called "Financial Cryptography", see http://ifca.ai/fc97/
I was thinking about this kind of thing years before then too, and often since.
The conference came to Anguilla for the first 5 years but then went to other locations.
Cam back for a 10th anniversary and still goes on to this day, with a slight name change.

The value of the Bitcoin system is that it is a non-rigged score keeping system that can not be stopped by any government. This is what the world needs now when all the Fiat money is being printed like crazy. In the US dollar system the US gets to print as many as they want, it is a rigged game. People won't want to play that forever. As the Fiat currencies hyperinflate only Bitcoin will be available as a replacement financial system. The world needs this badly. The US dollar will die. See http://howfiatdies.blogspot.com/

"Wire transfers" were called this because they used the new-fangled telegraph wires. Wire transfers, western union, credit cards, and checks are all primitive technology compared to Bitcoin and in particular Bitcoin/Lightning (Bitcoin version 2.0). Bitcoin is far more secure, far faster, far harder for governments to grab, and far less costly (overhead) to users (in particular Bitcoin/Lightning). For credit card companies to get 3.5% each time money changes hands is just crazy costly compared to what crypto can do. So these old tech things will all be replaced. And the dollar will be replaced.

My Bitcoin.ai Ltd at http://bitcoin.ai has a second Bitcoin ATM on the way.

I will be buying more puts on the S&P this coming week as I do expect a stock market crash to cause Bitcoin to crash too. I think of this as buying insurance to protect my Bitcoin investment. Bitcoin will recover much faster than the stock market. As inflation picks up bonds, land, and stocks will do poorly. All these depend on low interest rates, which can not be counted on if inflation is going up. People will flee them for commodities and Bitcoin.

We live in interesting times. Really.