4 ms·

A bunch of people will learn a very good lesson on gambling. One thing I do enjoy about bitcoin is that it's complicated/technological enough that traditional m

A bunch of people will learn a very good lesson on gambling. One thing I do enjoy about bitcoin is that it's complicated/technological enough that traditional media doesn't have good language to speak about it. With stocks, there's this huge vocabulary which is used to obscur the fact that most people have no clue why it's moving, they just throw out some jargon. Seeing that stripped bare for altcoins is really refreshing.

problems 9y ago
Seriously, some of the altcoins I've seen are launched on such terrible ideas... The Brave browser devs launched one that promises to pay people out for viewing ads. On their open source web browser that anyone can bot. It sold for something like $33M. I swear I should launch one that's backed by my dog's ability to produce shit, at this point I figure it has a minimum $2M value at launch.
- jacquesm 9y ago
  Offer fractional ownership in the dog, I'm sure you'll get at least 10 times as much. Suggested currency name: the micropup.
  - tomsthumb 9y ago
    Can people offer tiered fractional ownership of their fractional ownership provided they retain some fixed percentage (say, 10%) of the original ownership on hand?
    - jacquesm 9y ago
      To within certain limits, yes. Glass knives should help as well.
  - satsuma 9y ago
    See if Dogecoin wants in.
- sushid 9y ago
  The most ridiculous part of it all is the fact that advertisers need to purchase their BAT tokens to place ads in the browser in the first place. Think about that. You purchase these BAT tokens from trading platforms to place ads that only Brave browser users will be able to view. To say the least, they'll be having a hard time competing against Google with that premise.
1001101 9y ago
Gambling is a 0 sum game, but Bitcoin is creating value. The lesson I've learned is back up the truck. The media doesn't have a good language to talk about it, and even analysts seem a bit perplexed. There are no earnings to discount to, no cash flow, no coupon, no dividends. The value is what the highest bidder at t0 thinks it is. It could be a rational speculative bubble or it could be the Internet of money. I've really liked the work that the analysts at Needham & Co have done, and their research is worth a read.
- Twisell 9y ago
  See the people catch up with jargon "Bitcoin is creating value" is very trendy righ now. But I guess I should switch my wallet to micropup as it's creating even more value and it's totally carbon indexed.
- RealityVoid 9y ago
  What value is that? I don't see it yet. It's promising a whole lot but delivering very little. I guess in this area it's similar with a couple of SF unicorns. I think the concept is sane, I think the potential is there, I think Satoshi was brilliant, but I don't see BTC adoption for the things it promises.
  - erikpukinskis 9y ago
    It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow you to store it in your brain, then delete all record that it ever existed, and then at some later date recreate the account from memory. It can maintain its value during a default of the U.S. federal government. Money has value to the extent it can do things. Dollars can do things Bitcoins can't. Bitcoin can do things dollars can't. These define their relative value.
- johnwheeler 9y ago
  > There are no earnings to discount to, no cash flow, no coupon, no dividends. Same goes for horse shit. Ever though bout that? It too, is just created. Sure, there's a virtually unlimited amount of horse shit, but if you want the supply limited, I've got a single horse to sell you.

problems 9y ago

Seriously, some of the altcoins I've seen are launched on such terrible ideas... The Brave browser devs launched one that promises to pay people out for viewing ads. On their open source web browser that anyone can bot. It sold for something like $33M. I swear I should launch one that's backed by my dog's ability to produce shit, at this point I figure it has a minimum $2M value at launch.

jacquesm 9y ago
Offer fractional ownership in the dog, I'm sure you'll get at least 10 times as much. Suggested currency name: the micropup.
- tomsthumb 9y ago
  Can people offer tiered fractional ownership of their fractional ownership provided they retain some fixed percentage (say, 10%) of the original ownership on hand?
  - jacquesm 9y ago
    To within certain limits, yes. Glass knives should help as well.
- satsuma 9y ago
  See if Dogecoin wants in.
sushid 9y ago
The most ridiculous part of it all is the fact that advertisers need to purchase their BAT tokens to place ads in the browser in the first place. Think about that. You purchase these BAT tokens from trading platforms to place ads that only Brave browser users will be able to view. To say the least, they'll be having a hard time competing against Google with that premise.

1001101 9y ago

Gambling is a 0 sum game, but Bitcoin is creating value. The lesson I've learned is back up the truck. The media doesn't have a good language to talk about it, and even analysts seem a bit perplexed. There are no earnings to discount to, no cash flow, no coupon, no dividends. The value is what the highest bidder at t0 thinks it is. It could be a rational speculative bubble or it could be the Internet of money. I've really liked the work that the analysts at Needham & Co have done, and their research is worth a read.

Twisell 9y ago
See the people catch up with jargon "Bitcoin is creating value" is very trendy righ now. But I guess I should switch my wallet to micropup as it's creating even more value and it's totally carbon indexed.
RealityVoid 9y ago
What value is that? I don't see it yet. It's promising a whole lot but delivering very little. I guess in this area it's similar with a couple of SF unicorns. I think the concept is sane, I think the potential is there, I think Satoshi was brilliant, but I don't see BTC adoption for the things it promises.
- erikpukinskis 9y ago
  It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow you to store it in your brain, then delete all record that it ever existed, and then at some later date recreate the account from memory. It can maintain its value during a default of the U.S. federal government. Money has value to the extent it can do things. Dollars can do things Bitcoins can't. Bitcoin can do things dollars can't. These define their relative value.
johnwheeler 9y ago
> There are no earnings to discount to, no cash flow, no coupon, no dividends. Same goes for horse shit. Ever though bout that? It too, is just created. Sure, there's a virtually unlimited amount of horse shit, but if you want the supply limited, I've got a single horse to sell you.