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> Ignore the crypto bubble/pump > It's up 50% over 2 years and 400% over 3. Idiot article. It's funny because that applies to all crypto articles too. Fauxbi

> Ignore the crypto bubble/pump > It's up 50% over 2 years and 400% over 3. Idiot article. It's funny because that applies to all crypto articles too. Fauxbituary I should buy that domain

jandrese 8y ago
Yeah, all of those cryptocoins can fall back on their primary business of, um, rendering 3D games?
- cultofmetatron 8y ago
  deep learning is also heavily based on gpus
- gammateam 8y ago
  If there is a company behind the "cryptocoin", they can fall back on their primary business of releasing another “cryptocoin”. The sells are revenue. They haven't sold any equity yet, and if they did it would still be a growth story and nobody would care about how they actually made money. They have no debt, have sold no equity, and they have revenue from their zero cost basis crypto. They experience a slowdown from sales but are immune from the "bear market". The "cryptocoin" itself functions more like a commodity, a market which was never for the passive retail trader because there is no expectation for commodities to increase in value indefinitely, only in ebbs and flows based on supply and demand. So the prevalance of the retail trader in the cryptocoin market explains the misaligned value ideas, which are mostly analogies to a stock market. Oops. Although stocks are the only capital market prevalent amongst retail, try not to get the asset classes confused. "Cryptocoins" typically have a more transparent supply than non-digital commodities, and upgrades to their utility are also typically in open source projects which means these provides advantages in determining price targets in the future value and the scale of the addressable market participants. As in, how much any future market participant will want to own to access a provision provided by the network. As open source projects, and freely fungible, you can create utility for a new market until your positions are profitable, with near zero overhead costs.
  - sverige 8y ago
    I am still amazed that after all this time otherwise smart people cannot understand that cryptocurrencies are simply fiat money with bad guarantors. Instead of the government of the United States or China or Britain or India or some other actual entity that is highly likely to survive nearly any catastrophe or change in leadership, cryptocurrencies are backed by shady MLM hucksters who originally met on a minor and very geeky gaming BBS to come up with their scheme, and whose downline marketers hire C- and D-list celebrities to shill for them. You don't even end up with a garage full of awfully-scented soap when it crashes.
    - gammateam 8y ago
      Passive investing in misnomers are the main problem. As you are spot on: there are no coins, currencies. As my previous post mentioned, there are no/few tokenized companies trading either. But your disdain is still too broad and blanket. There are plenty of ways to be productively deploy resources for profit in that market. Its typically just not a directional/long-only passive approach, it is more actively creating an asset and market until you are satisfied. Just like in other markets.

> Ignore the crypto bubble/pump > It's up 50% over 2 years and 400% over 3. Idiot article. It's funny because that applies to all crypto articles too. Fauxbituary I should buy that domain

jandrese 8y ago

Yeah, all of those cryptocoins can fall back on their primary business of, um, rendering 3D games?

cultofmetatron 8y ago
deep learning is also heavily based on gpus
gammateam 8y ago
If there is a company behind the "cryptocoin", they can fall back on their primary business of releasing another “cryptocoin”. The sells are revenue. They haven't sold any equity yet, and if they did it would still be a growth story and nobody would care about how they actually made money. They have no debt, have sold no equity, and they have revenue from their zero cost basis crypto. They experience a slowdown from sales but are immune from the "bear market". The "cryptocoin" itself functions more like a commodity, a market which was never for the passive retail trader because there is no expectation for commodities to increase in value indefinitely, only in ebbs and flows based on supply and demand. So the prevalance of the retail trader in the cryptocoin market explains the misaligned value ideas, which are mostly analogies to a stock market. Oops. Although stocks are the only capital market prevalent amongst retail, try not to get the asset classes confused. "Cryptocoins" typically have a more transparent supply than non-digital commodities, and upgrades to their utility are also typically in open source projects which means these provides advantages in determining price targets in the future value and the scale of the addressable market participants. As in, how much any future market participant will want to own to access a provision provided by the network. As open source projects, and freely fungible, you can create utility for a new market until your positions are profitable, with near zero overhead costs.
- sverige 8y ago
  I am still amazed that after all this time otherwise smart people cannot understand that cryptocurrencies are simply fiat money with bad guarantors. Instead of the government of the United States or China or Britain or India or some other actual entity that is highly likely to survive nearly any catastrophe or change in leadership, cryptocurrencies are backed by shady MLM hucksters who originally met on a minor and very geeky gaming BBS to come up with their scheme, and whose downline marketers hire C- and D-list celebrities to shill for them. You don't even end up with a garage full of awfully-scented soap when it crashes.
  - gammateam 8y ago
    Passive investing in misnomers are the main problem. As you are spot on: there are no coins, currencies. As my previous post mentioned, there are no/few tokenized companies trading either. But your disdain is still too broad and blanket. There are plenty of ways to be productively deploy resources for profit in that market. Its typically just not a directional/long-only passive approach, it is more actively creating an asset and market until you are satisfied. Just like in other markets.