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As I already said to you, a few posts up: > Also, non-penny-stocks tend to have rather fatter order books than any crypto (even Bitcoin). The claimed utility

As I already said to you, a few posts up: > Also, non-penny-stocks tend to have rather fatter order books than any crypto (even Bitcoin). The claimed utility of bitcoin is an open question at best. Blockchains have shown no use cases to date other than cryptocurrencies (I went and looked). Literally the only reason anyone is talking about Bitcoin in 2017 is "number go up". If not for that, it would be in the Hilarious Disasters section of the Museum of Failed Technologies That Were Interesting But Not Actually Useful. The reason for "number go up" is not utility, except insofar as marketing claims that - it's pure mania phase speculation fueled by hype over "number go up". This lasts until the headless Ponzi runs out of n00bs. It is difficult to get a man to understand something when his HODLing depends upon his not understanding it.

gruez 9y ago
>As I already said to you, a few posts up: >>Also, non-penny-stocks tend to have rather fatter order books than any crypto (even Bitcoin). because that's irrelevant to the discussion. bitcoin's value isn't derived from being a equity in a company or having a fat orderbook on exchanges (although the latter certainly helps sustain its price), not to mention I don't have a bloomberg terminal, so I couldn't easily verify that fact. >The claimed utility of bitcoin is an open question at best. Blockchains have shown no use cases to date other than cryptocurrencies (I went and looked). "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and looked)." >It is difficult to get a man to understand something when his HODLing depends upon his not understanding it. that doesn't even make sense. the idea behind the original form was that the man was deriving some material benefit (a paycheck) from being willfully ignorant. in this case, the man is deriving... "HODLing"?
- Goladus 9y ago
  > "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and looked)." Maybe if you'd asked that question in the 1970s. By the late 90s dotcom bubble, the internet was proven technology being used for many practical purposes: in research, government, and just hobbyists (ever hear of a site called "Geocities?"). Some of applications had even proved to be commercially successful, such as Ebay. These early applications weren't ponzi schemes. Most people making geocities home pages weren't investing in anything, and most of those that were were using it as a legitimate way to market something real. There's nothing like that for blockchain. Almost all of the proposed applications are hypothetical and used only by blockchain promoters primarily interested in pumping the value of their investment.

gruez 9y ago

>As I already said to you, a few posts up: >>Also, non-penny-stocks tend to have rather fatter order books than any crypto (even Bitcoin). because that's irrelevant to the discussion. bitcoin's value isn't derived from being a equity in a company or having a fat orderbook on exchanges (although the latter certainly helps sustain its price), not to mention I don't have a bloomberg terminal, so I couldn't easily verify that fact. >The claimed utility of bitcoin is an open question at best. Blockchains have shown no use cases to date other than cryptocurrencies (I went and looked). "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and looked)." >It is difficult to get a man to understand something when his HODLing depends upon his not understanding it. that doesn't even make sense. the idea behind the original form was that the man was deriving some material benefit (a paycheck) from being willfully ignorant. in this case, the man is deriving... "HODLing"?

Goladus 9y ago
> "The claimed utility of the internet is an open question at best. the internet have shown no use cases to date other than transferring information(I went and looked)." Maybe if you'd asked that question in the 1970s. By the late 90s dotcom bubble, the internet was proven technology being used for many practical purposes: in research, government, and just hobbyists (ever hear of a site called "Geocities?"). Some of applications had even proved to be commercially successful, such as Ebay. These early applications weren't ponzi schemes. Most people making geocities home pages weren't investing in anything, and most of those that were were using it as a legitimate way to market something real. There's nothing like that for blockchain. Almost all of the proposed applications are hypothetical and used only by blockchain promoters primarily interested in pumping the value of their investment.