Texas Joker Posted May 18, 2021 Share Posted May 18, 2021 Why does gold have value? Russia has enough diamonds to flood the market but for some reason carbon crystals are of very high value. It's all shared delusions. I own 'shares' of my company but if I go to home office and claim to be the owner I bet I get escorted out. Link to comment Share on other sites More sharing options...
Last Call Saul Posted May 18, 2021 Share Posted May 18, 2021 4 minutes ago, Widder, SASS #59054 said: How would some of you adventurous investors like to invest in some valuable, but cheap, Confederate money. AND, if you're one of the first 500 investors, you will receive $500 in Monopoly money, FREE! Call now..... BR549. Ask for TN Williams and use code 'Free Monopoly Money' for your special discounts. ..........Widder no, thank you... but I bought my uberti 73s, and now a pair of SASS vaqueros and even 1000 or primers in last 3 months using profits from my crypto trade... and that's not touching the principal, and still being in the green after taking these profits out and afer 20% dive that happened in last week Link to comment Share on other sites More sharing options...
Happy Jack, SASS #20451 Posted May 18, 2021 Share Posted May 18, 2021 The most useful thing I have learned from this thread is that the top Russian supercomputer in their atomic lab is only 1 pentaflop speed. Thankfully we have several faster than that in our national labs. The amazing thing is that at Lawrence Livermore they will bring an xaflop computer on line in the next year and a half. That is more than a thousand times faster than the current fastest supercomputer on the planet. Link to comment Share on other sites More sharing options...
Buckshot Bob Posted May 18, 2021 Share Posted May 18, 2021 1 hour ago, Chacón said: It would cost you nothing and it can be done with the click of a mouse. That’s a plus Link to comment Share on other sites More sharing options...
Buckshot Bob Posted May 18, 2021 Share Posted May 18, 2021 46 minutes ago, Widder, SASS #59054 said: How would some of you adventurous investors like to invest in some valuable, but cheap, Confederate money. AND, if you're one of the first 500 investors, you will receive $500 in Monopoly money, FREE! Call now..... BR549. Ask for TN Williams and use code 'Free Monopoly Money' for your special discounts. ..........Widder I have a couple of million in Iraqi dinar I got from a co worker when the gulf war started. A bunch of us went in a pool to buy it cheap . It was a novelty, luckily I’ve spent more on a good family dinner . Or having fun at the local indigenous peoples casino Link to comment Share on other sites More sharing options...
Buckshot Bob Posted May 18, 2021 Share Posted May 18, 2021 So from what I’m getting here it’s really just speculation that one form of currency is going to become more accepted/trusted than another? Sort of like if I thought the pound or peso was going to be more valuable than the US dollar and put all my cash holdings there ? Except there is no government entity backing its value, but the investors faith in it . Link to comment Share on other sites More sharing options...
Last Call Saul Posted May 18, 2021 Share Posted May 18, 2021 46 minutes ago, Buckshot Bob said: So from what I’m getting here it’s really just speculation that one form of currency is going to become more accepted/trusted than another? Sort of like if I thought the pound or peso was going to be more valuable than the US dollar and put all my cash holdings there ? Except there is no government entity backing its value, but the investors faith in it . Think of what creates a value of the regular currency nowadays? it is GDP - value of labor producing goods and services and the reputation of the body issuing currency... Same concept can be applied to crypto - it is hard math algorithms and computer hours invested in producing the value and the reputation of the community supporting this crypto... unlike regular currency where it can be arbitrarily inflated and deflated by supply (trillions of stimulus money printed for example) the emission of a well-thoughtout crypto is regulated by math - there is no way to produce more than it was allowed in the algorithm. also, the counterfeit of crypto is practically impossible - again, math (blockchain) serves as a general ledger where creation of every "bill" and even transactions involving each of them are documented in the immutable form there are many more advantages to the crypto... what's left yet? acceptance and reputation... they are growing every day Link to comment Share on other sites More sharing options...
Buckshot Bob Posted May 18, 2021 Share Posted May 18, 2021 38 minutes ago, Last Call Saul said: Think of what creates a value of the regular currency nowadays? it is GDP - value of labor producing goods and services and the reputation of the body issuing currency... Same concept can be applied to crypto - it is hard math algorithms and computer hours invested in producing the value and the reputation of the community supporting this crypto... unlike regular currency where it can be arbitrarily inflated and deflated by supply (trillions of stimulus money printed for example) the emission of a well-thoughtout crypto is regulated by math - there is no way to produce more than it was allowed in the algorithm. also, the counterfeit of crypto is practically impossible - again, math (blockchain) serves as a general ledger where creation of every "bill" and even transactions involving each of them are documented in the immutable form there are many more advantages to the crypto... what's left yet? acceptance and reputation... they are growing every day I guess right now I would consider it extremely volatile seeing what Elon’s business decision seems to have done to it . But also if you’re a believer I guess now is the time to buy Link to comment Share on other sites More sharing options...
Utah Bob #35998 Posted May 18, 2021 Share Posted May 18, 2021 4 hours ago, Happy Jack, SASS #20451 said: The most useful thing I have learned from this thread is that the top Russian supercomputer in their atomic lab is only 1 pentaflop speed. Thankfully we have several faster than that in our national labs. The amazing thing is that at Lawrence Livermore they will bring an xaflop computer on line in the next year and a half. That is more than a thousand times faster than the current fastest supercomputer on the planet. 1 word. Skynet Link to comment Share on other sites More sharing options...
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