Crypto Currency Thread
Discussion
NickCQ said:
stongle said:
Yesterday saw a very real world assessment of worth / crypto when KODAK shs jumped 120% on unveiling of their DLT plans.
Really? Just like Long Island Iced Tea renaming itself Long Blockchain and seeing a huge price rise? Pull the other one...
k all turnover or profit). Speculators telling you that you just didn't understand the new tech. News reports of punters making loads of money overnight. People piling in with no understanding of what they were buying or how to do it. New investing terms being invented just to justify the new craze.lather rinse repeat.
NickCQ said:
Huh? Equities represent a percentage claim on a business, which is a collections of assets and people that produce cash flow over time. That cash flow stream has a certain value when you apply a discount rate appropriate to the risk profile. Not sure it makes any sense to say that they have an 'idiosyncratic px floor of zero', whatever that means.
You keep bringing in Risk; when I’m debating worth (I’m simply drawing a comparison that an Equity or evena debt position could be worth zero at one point as could crypto). Its simply not true to say that crypto’s / tokens etc have no “worth” when all research and analysis suggests otherwise. The potential impact of DLT to bank share price is very well documented, and the only real debate is when this will crystallise.
and the latest fork.... BCH this time - Bitcoin Candy
my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
stongle said:
NickCQ said:
Huh? Equities represent a percentage claim on a business, which is a collections of assets and people that produce cash flow over time. That cash flow stream has a certain value when you apply a discount rate appropriate to the risk profile. Not sure it makes any sense to say that they have an 'idiosyncratic px floor of zero', whatever that means.
You keep bringing in Risk; when I’m debating worth (I’m simply drawing a comparison that an Equity or evena debt position could be worth zero at one point as could crypto).x5x3 said:
and the latest fork.... BCH this time - Bitcoin Candy
my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
''Total supply adjusted to 21 billion''my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
The Spruce goose said:
x5x3 said:
and the latest fork.... BCH this time - Bitcoin Candy
my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
''Total supply adjusted to 21 billion''my favourite part is one of the team - Niu Liu - Doctor of cryptography - doesn't that sound like an evil villain?
mind you they do have a pre-mine so perhaps he is
lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
The Spruce goose said:
''Total supply adjusted to 21 billion''
lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
This fork's an attempt to talk up BCH - they are trying to push their coin hard again this month and word of a fork will bring the lemmings to BCH so they can get free money. BCH advocates will then say their coin is successful etc. There are other "marketing" activities going on with BCH atm - this is just one of them.lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
Total supply adjusted to 21 billion is also a way of appearing to shove the decimal point along. I predicted this might happen.
Ultimately, the market and thus the individual will decide what is legitimate and what isn't (with the less knowledgeable fleeced meantime)
NickCQ said:
Just waiting for the posts on this thread 'Bitcoin Candy looks really cheap at $1.50, reckon it could go to $10 before the end of the year??'
Joey Deacon said:
NickCQ said:
Just waiting for the posts on this thread 'Bitcoin Candy looks really cheap at $1.50, reckon it could go to $10 before the end of the year??'
The Spruce goose said:
''Total supply adjusted to 21 billion''
lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
Quantum computers do exist - like this one: http://mashable.com/2018/01/08/ibm-quantum-compute...lol
I love how anyone can make money, add a few big names, some fancy wording like 'going to explore anti-quantum attacks solution ', so quantum attack solutions to a quantum computer that currently doesn't exist and can't be tested against, yep sounds legit.
How can one coin be legit and others not, who decides that, and this is the fundamental problem.
What doesn't exist is any with the capacity to process at a speed/complexity that is useful.
Also, the theory is well understand and quantum computing resistant algorithms for crypto already exist, so why could that same technology be used for coins?
NickCQ said:
The comparison is meaningless unless you also include the probability that each one of those securities goes to zero. That's why I mention risk as a way to calculate worth.
Risk is not a measure of worth. It might be used to value (and allocate resources) in / when trading options - but there are no mathematical models to represent the benefits (worth) of DLT and their native tokens to firms. MADREC has massive value to firms but there is no way to value that in a traditional mathematical sense (and all the participants have different cost bases anyway).The patent filings of the major banks (and near collapse of R3 last year) suggests there is going to be a lot of worth (at some point).
Of course trading the crypto is risky; a lot of the market cap is purely sentiment or FOMO. You'd have to be a proper muppet to be "all in" crypto (its <1% of my asset allocation the rest being cash, bonds and equity). I've used loss probability to drive my asset allocation - but there is "worth" in the crypto / tokens I'm holding - but the risk of taking a bath is high (I don't / wont hold BTC nor other privacy coins given their risks and motivations - I'd prefer to buy equity in a puppy abattoir instead).
Its all probably mute; Buffett just been on and saying its all sh*t and going to end in tears.
It's like a continuous cycle. Crypto corrects and suddenly there's doubt and wailing about how worthless it is.
As soon as the crash is over people are back on the crypto train singing praises!
If you believe in it, hold, if not then sell. The few of us who've held through the many peaks and troughs have seen nothing is changed, and nice steady profits continue as normal
As soon as the crash is over people are back on the crypto train singing praises!
If you believe in it, hold, if not then sell. The few of us who've held through the many peaks and troughs have seen nothing is changed, and nice steady profits continue as normal
stongle said:
Its all probably mute; Buffett just been on and saying its all sh*t and going to end in tears.
He's been saying that since it was about $650. He also admits he doesn't understand it.anon said:
The more I hear old white men give all their reasons for why bitcoin will never work, the more I know it will
stongle said:
Risk is not a measure of worth. It might be used to value (and allocate resources) in / when trading options - but there are no mathematical models to represent the benefits (worth) of DLT and their native tokens to firms. MADREC has massive value to firms but there is no way to value that in a traditional mathematical sense (and all the participants have different cost bases anyway).
Sure it is, it just depends what you are trying to value. If you take things back to basic principles (i.e. Benjamin Graham / Buffett), "worth" is equal to the present value of the future cash flow stream that the security or technology provides, where the present value is calculated by discounting that CF stream at an appropriate rate. Determining the appropriate discount rate to use is where an assessment of risk comes in to your model.I don't buy arguments that say that tech companies or new innovations should not be valued on that basis. Of course, there's no guarantee that the market will value it like that, but the market's assessment of price and fundamental / intrinsic things can be very different.
For example, that's why Warren Buffett hates gold ('you can fondle the cube, but it won't respond').
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