Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (169573)	3/16/2021 11:27:21 PM
From: TobagoJack	1 Recommendation Recommended By MulhollandDrive Respond to of 217592

John has it wrong on several counts and on so many levels ... <<Objects like tulip bulbs and Bitcoin differ from securities in that they do not deliver a stream of cash flows to the holder.>> ... who the phuck ever claimed BTC is akin to a security, other than perhaps the SEC w/r to other cryptos. Gold, silver, European sovereign bonds, etc etc also do not deliver a net net stream of cash flows to any buy / hold holder. Re <<Blockchain is a brilliant algorithm, and I expect that it will have a great number of uses for secure transactions and inventory management.>> ... I guess that "accounting ledger electrified is brilliant", per duh, as in not really, unless akin to what eventually what Amazon became relative to a Wanchai bookstore. Which flavour of blockchain is brilliant we wait to see. Re <<Bitcoin isn't actually creating "wealth." It's only creating the opportunity for wealth transfer, primarily from those who will end up holding the bag.>> ... now, that is brilliant, or not, depending on who ends up w/ the sack. Similar situation to Pet.com etc per price of progress. John has it upside down and backward. Now, Casper, a utility token ... :0)

To: Julius Wong who wrote (169573)	3/17/2021 1:33:28 AM
From: sense	Respond to of 217592

The best thing one can hope to have... Is good critics. I think that a much pithier way of saying it than Ray Dalio's version of his vision for his company. Those who cannot tolerate criticism are lesser creatures for it, not because the critics are always right, but because the intolerance is a proof the criticized know and accept that they are wrong. You might take Hussman's at face value and see value in it... it isn't wrong. But, it says "securities"... which I don't think bitcoin or tulips ever postured themselves to be. What it misses most, though, is in assuming "securities" (like AAA rated mortgage backed securities) to be superior, and thus above criticism... while ignoring bitcoin's role as the primary innovator presenting that necessary criticism in very practical terms. If bitcoin is a Ponzi scheme, it is not the only one the markets enable. As an "experiment', also... note that it is not the only "experiment" ongoing in "money" just now ? And, it may not prove to be the worst of them ? That bitcoin lacks any proof of real value... is not wrong... but, neither is it the point when one adheres to limits in valid criticisms when making comparisons.