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It's not liquid capital, it's not cash. It potentially has no value, yet giving it away will likely help with the donors' tax situation. Likewise, by giving mor

by loceng 9y ago

It's not liquid capital, it's not cash. It potentially has no value, yet giving it away will likely help with the donors' tax situation. Likewise, by giving more people Bitcoin et al, it creates more people with vested interest and who will likely speak positively about Bitcoin et al - which is all to help perpetuate the openly talked about, decentralized and global Ponzi schemes that are taking place.

ptenk 9y ago
Pretty misinformed and seemingly bitter, especially for a self proclaimed yogi. It is liquid capital - and its value is $86mm since you could liquidate this at any moment without moving the order book.
- loceng 9y ago
  Is that an attempt at a personal attack? Looks like it. Looks like you're being defensive as well, curious if you bought any crypto-assets? I remember from last time someone tried to dump a bunch onto the market the price crashed - by definition then - is that more liquid or more illiquid? Liquidity is obviously on a spectrum and these crypto-assets very quickly become illiquid depending on how many people are wanting to sell; searching for the example it seems the specific event I was thinking about was regarding Ethereum's Ether - https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cent... Here's another brief article that showed in the search listings re: market manipulation - https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins-and-bitcoins-crash-and-prices-fall-and-make-more-profit-market-manipulation-explained https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins... The point being that it's perhaps only liquid until too many people at once want to remove their money. People of course didn't and don't try to dump it (currently) because they're not going to want to sell for 1/300th (example) of what it was the day before, so everyone just waits until it rebounds. This is why these global decentralized Ponzi Schemes are dangerous for society because they can survive because there's such a supply of potential people using relatively small amounts of money, these growing number of people putting relatively small amounts of money increases the number of people incentivized to wanting it to grow in value - so they all speak positively and market it to their friends to buy, etc. All of the current holders need new money/people to come in for them to realize "profit" (unreasonable wealth transfer) by acknowledging/validating/legitimizing the 'current' value of the crypto-asset of their choice.

by loceng 9y ago

ptenk 9y ago

Pretty misinformed and seemingly bitter, especially for a self proclaimed yogi. It is liquid capital - and its value is $86mm since you could liquidate this at any moment without moving the order book.

loceng 9y ago
Is that an attempt at a personal attack? Looks like it. Looks like you're being defensive as well, curious if you bought any crypto-assets? I remember from last time someone tried to dump a bunch onto the market the price crashed - by definition then - is that more liquid or more illiquid? Liquidity is obviously on a spectrum and these crypto-assets very quickly become illiquid depending on how many people are wanting to sell; searching for the example it seems the specific event I was thinking about was regarding Ethereum's Ether - https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cent... Here's another brief article that showed in the search listings re: market manipulation - https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins-and-bitcoins-crash-and-prices-fall-and-make-more-profit-market-manipulation-explained https://steemkr.com/bitcoin/@crypto-pro/how-to-make-altcoins... The point being that it's perhaps only liquid until too many people at once want to remove their money. People of course didn't and don't try to dump it (currently) because they're not going to want to sell for 1/300th (example) of what it was the day before, so everyone just waits until it rebounds. This is why these global decentralized Ponzi Schemes are dangerous for society because they can survive because there's such a supply of potential people using relatively small amounts of money, these growing number of people putting relatively small amounts of money increases the number of people incentivized to wanting it to grow in value - so they all speak positively and market it to their friends to buy, etc. All of the current holders need new money/people to come in for them to realize "profit" (unreasonable wealth transfer) by acknowledging/validating/legitimizing the 'current' value of the crypto-asset of their choice.