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1
General discussion / Re: The Offical Glasgow Celtic thread
« on: Today at 03:42:12 PM »
Full on banter club at this stage

2
General discussion / Re: Cryptocurrency
« on: April 16, 2021, 08:12:28 PM »
Best to look at crypto currencies (from an investment perspective) is as a cruel joke.

A few might get a laugh along the way but at what cost.

Those holding it today can get their money back before the bubble bursts but only by passing the problem to somebody else. The only people involved for whom this is not true is that the ones that got in low and trousered the uplift on the greater part of the stake and can well afford to cash out too late on what stake they left.

I notice there is no big rush of posters trying to explain the basis of the value of a cryptocurrency

I've already told you that, in my opinion, Bitcoin is valued on the same basis as gold. That is people believe it is a Store of Value.
Gold doesn't have value because it makes "pretty" jewellery as you suggested earlier, because fakes can be made that look just as "pretty".

Whether Bitcoin becomes that Store of Value is the question, I think it will, you think it won't. That's all there is to it.  We'll have a better idea in 2025 as to who was right.

This is pretty much it. Smelmoth thinks it is a scam, others don't.
My prediction is Bitcoin to £100k before year end. Get on the train.


3
General discussion / Re: The Many Faces of US Politics...
« on: April 16, 2021, 02:01:13 PM »
Another outbreak of mass shooting.
The 126th (or was it 216th) this year....
Just another citizen exercising his right wing freedom I presume  ::)

Another bitter or disturbed murderous fuckwit with easy access to lethal weapons in his local sporting goods chain or corner gun shop.

That is more accurate than the banal assumption yer man was right wing, I would say he just wasn't right in the head, coupled with the pretty easy access to destructive weapons.

I didn't interpret it as him saying the guy (presumably) was a right winger.

Just that he was availing of the super easy access to guns enabled by the right wing political movement in the states.

But Rossfan can explain it for himself.

America is sick. The government is basically allowing a genocide in it's own country. Other countries should really be putting sanctions on them for allowing this to happen. If it was happening in any other country America would step in against these terrorists.


4
General discussion / Re: The OFFICIAL Liverpool FC thread
« on: April 16, 2021, 10:52:57 AM »
I wanna hear more about the 3yr cycle of PEDs. I swear to buck hi ye get rid o wan gipe the next wan just comes along right away

These boys are sock puppets. Best ignored. 1 purports to play for a GAA club that doesn't even exist and 1 was on for a few years, then 12 months into the pandemic suddenly starts taking a huge interest in Covid, strangely backing up another clown's posts.

Heard that a load of Liverpool players have the same type of Asthma that half the British cycling team have;

https://www.cyclingweekly.com/news/latest-news/the-truth-about-cycling-and-asthma-317941

In a general sense there can be no doubt that players are probably juiced. 10% of any workforce will test positive for some drug. In the PL it's Zero. Are we to truly believe this?

5
General discussion / Re: China Coronavirus
« on: April 15, 2021, 04:34:40 PM »
All the f**king leaks and none of them right. Dickheads couldn't even leak the right dates.

7
General discussion / Re: China Coronavirus
« on: April 15, 2021, 10:26:59 AM »
Great to see the Executive finally catch up with the rest of society.

8
General discussion / Re: Cryptocurrency
« on: April 15, 2021, 10:04:53 AM »
Let me be clear, I was talking solely about Bitcoin, not all the other Cryptocurrencies or Alt Coins as they are an entirely different conversation.

Smelmoth, what revenues does gold create?
None, but it still doesn't stop a gold bullion being worth whatever it is worth.
What revenues do jewellry or fancy art generate? But they still hold their value.

Think of Bitcoin the same. An asset just has to be accepted as a Store of Value and then that is what it becomes.  My view (and if you don't hold the same view then that's fine) is that Bitcoin is on the path to being accepted as a bona fide Store of Value; just like a painting or a bit of gold. #

I say this is it is apparent that more corporations are getting involved now as a legitimate part of their treasury holdings (again, I'm just talking about Bitcoin here, no other crypto assets) and the supply is fixed. 

It's some diversification for me as I still have much more in the traditional investments (pensions and stocks and shares ISAs) that I do in Bitcoin. For sure I wouldn't go all in on Bitcoin, just the same way as I wouldn't on any particular individual asset.

Until now I have only heard of cryptocurrencies being proposed as alternative to cash, gilts, stocks, currency or investments that combine some or all of those. Hence my focus on them.

You are now bringing in gold, art and jewellery.

Jewellery’s inherent value is in precious metals and to a degree workmanship and the history (who owned/ wore some items before). Gold is related to this because of what it can be turned into. Other things are as rare as precious metals but people just don’t like looking at them as much. And don’t think people will enjoy looking at them in the future. They could however be wrong and some things will become less fashionable and be worth less in the future. Not aware of anyone who likes looking at Bitcoin.

Paint on canvas or a block of marble have little inherent value. What is done with them technically and aesthetically can add value. If it is any good that is.

There is behaviour around the edges where a self destroying physical artwork sells for big money. But that is Bill Drummond style performance art and is confined to very few individuals.

Bitcoin offers none of these. It works on the principle that rare (or restricted supply) is automatically valuable. It has nothing to back that up.

But if I was a big investor with deep pockets I could easily make a lot of noise about putting $10bn into Bitcoin and cashing in on the drip straight away as the price rises on foot of my announcement.

Tulips from Amsterdam

Don't look up NFTs whatever you do.

You don't allow for the technical aspect of crypto which adds value.

But what is value? We only value something because of how we feel about it. That the big question. If people didn't value gold it would be like any other rock on the ground.

Okay hit me with it. I have already factored in the use of technology to restrict the supply of something but beyond that what is the value (to the holder) in the technology?

Bitcoin is a store of value, same as anything else. It's pretty much been proven at this stage. 1 coin is worth over $60k. It's market cap will exceed Gold at some point. It's done.
Other Cryptocurrencies are solving real world problems. Smart contracts will be the future. Lots of things do and will use them. Ether (Ethereum) is pretty rubbish but other Cryptos like Cardano (ADA) and Polkadot (Dot) are building on that. That's the tech aspect
Cryptos are the future and they are here to stay. Are they a risky investment? Yes. Could you lose it all? Yes. But that is pretty much the same for all investments.

None of that explains how the technology adds value.

I am not saying cryptocurrencies won't hang around. I am not challenging the medium of exchange role (see above) and nor am I saying that investments cannot go down in value (see above) but nobody here has yet explained the underlying basis of the value of a cryptocurrency. Offline the best I have heard is that its marketing. If I can convince you its worth X then its worth X. I need not explain the serious dangers in such a model

But that is true of anything surely?
I think the value of Bitcoin is derived from a few things.
1) It is decentralised, no one is in charge, no bank, no government
2) It is finite
3) To a lesser extent, it is valued by millions of people. Similar to any asset that people value

Traditional currencies like the Dollar or Pound have been used as a store of value for hundreds of years. This is no different.

Still nothing on the technology adding value there.

Currencies gain a value but the start as a medium of exchange in a domestic and then international economies. The nature of the trade and the dynamics in those economies (largely)establish the value.

So if crypotcurrencies are the same how are they currently going as a medium of exchange and what is the dynamics in the crypto economy and where is bitcoin going to get to against say the Yen if the Olympics goes ahead without spectators?

Sorry to be clear. Technology adds value by allowing them to be decentralised. It would be impossible to have a decentralised solution without technology. Apologies I thought that was clear.

Currencies are only valued because people value them. If people lose faith in a currency it devalues pretty quickly no matter what central authorities do. There has been umpteen examples of this.

I don't understand what you mean ref the Olympics

9
General discussion / Re: Cryptocurrency
« on: April 15, 2021, 08:54:46 AM »
Let me be clear, I was talking solely about Bitcoin, not all the other Cryptocurrencies or Alt Coins as they are an entirely different conversation.

Smelmoth, what revenues does gold create?
None, but it still doesn't stop a gold bullion being worth whatever it is worth.
What revenues do jewellry or fancy art generate? But they still hold their value.

Think of Bitcoin the same. An asset just has to be accepted as a Store of Value and then that is what it becomes.  My view (and if you don't hold the same view then that's fine) is that Bitcoin is on the path to being accepted as a bona fide Store of Value; just like a painting or a bit of gold. #

I say this is it is apparent that more corporations are getting involved now as a legitimate part of their treasury holdings (again, I'm just talking about Bitcoin here, no other crypto assets) and the supply is fixed. 

It's some diversification for me as I still have much more in the traditional investments (pensions and stocks and shares ISAs) that I do in Bitcoin. For sure I wouldn't go all in on Bitcoin, just the same way as I wouldn't on any particular individual asset.

Until now I have only heard of cryptocurrencies being proposed as alternative to cash, gilts, stocks, currency or investments that combine some or all of those. Hence my focus on them.

You are now bringing in gold, art and jewellery.

Jewellery’s inherent value is in precious metals and to a degree workmanship and the history (who owned/ wore some items before). Gold is related to this because of what it can be turned into. Other things are as rare as precious metals but people just don’t like looking at them as much. And don’t think people will enjoy looking at them in the future. They could however be wrong and some things will become less fashionable and be worth less in the future. Not aware of anyone who likes looking at Bitcoin.

Paint on canvas or a block of marble have little inherent value. What is done with them technically and aesthetically can add value. If it is any good that is.

There is behaviour around the edges where a self destroying physical artwork sells for big money. But that is Bill Drummond style performance art and is confined to very few individuals.

Bitcoin offers none of these. It works on the principle that rare (or restricted supply) is automatically valuable. It has nothing to back that up.

But if I was a big investor with deep pockets I could easily make a lot of noise about putting $10bn into Bitcoin and cashing in on the drip straight away as the price rises on foot of my announcement.

Tulips from Amsterdam

Don't look up NFTs whatever you do.

You don't allow for the technical aspect of crypto which adds value.

But what is value? We only value something because of how we feel about it. That the big question. If people didn't value gold it would be like any other rock on the ground.

Okay hit me with it. I have already factored in the use of technology to restrict the supply of something but beyond that what is the value (to the holder) in the technology?

Bitcoin is a store of value, same as anything else. It's pretty much been proven at this stage. 1 coin is worth over $60k. It's market cap will exceed Gold at some point. It's done.
Other Cryptocurrencies are solving real world problems. Smart contracts will be the future. Lots of things do and will use them. Ether (Ethereum) is pretty rubbish but other Cryptos like Cardano (ADA) and Polkadot (Dot) are building on that. That's the tech aspect
Cryptos are the future and they are here to stay. Are they a risky investment? Yes. Could you lose it all? Yes. But that is pretty much the same for all investments.

None of that explains how the technology adds value.

I am not saying cryptocurrencies won't hang around. I am not challenging the medium of exchange role (see above) and nor am I saying that investments cannot go down in value (see above) but nobody here has yet explained the underlying basis of the value of a cryptocurrency. Offline the best I have heard is that its marketing. If I can convince you its worth X then its worth X. I need not explain the serious dangers in such a model

But that is true of anything surely?
I think the value of Bitcoin is derived from a few things.
1) It is decentralised, no one is in charge, no bank, no government
2) It is finite
3) To a lesser extent, it is valued by millions of people. Similar to any asset that people value

Traditional currencies like the Dollar or Pound have been used as a store of value for hundreds of years. This is no different.

10
General discussion / Re: Cryptocurrency
« on: April 15, 2021, 08:41:35 AM »
Let me be clear, I was talking solely about Bitcoin, not all the other Cryptocurrencies or Alt Coins as they are an entirely different conversation.

Smelmoth, what revenues does gold create?
None, but it still doesn't stop a gold bullion being worth whatever it is worth.
What revenues do jewellry or fancy art generate? But they still hold their value.

Think of Bitcoin the same. An asset just has to be accepted as a Store of Value and then that is what it becomes.  My view (and if you don't hold the same view then that's fine) is that Bitcoin is on the path to being accepted as a bona fide Store of Value; just like a painting or a bit of gold. #

I say this is it is apparent that more corporations are getting involved now as a legitimate part of their treasury holdings (again, I'm just talking about Bitcoin here, no other crypto assets) and the supply is fixed. 

It's some diversification for me as I still have much more in the traditional investments (pensions and stocks and shares ISAs) that I do in Bitcoin. For sure I wouldn't go all in on Bitcoin, just the same way as I wouldn't on any particular individual asset.

Until now I have only heard of cryptocurrencies being proposed as alternative to cash, gilts, stocks, currency or investments that combine some or all of those. Hence my focus on them.

You are now bringing in gold, art and jewellery.

Jewellery’s inherent value is in precious metals and to a degree workmanship and the history (who owned/ wore some items before). Gold is related to this because of what it can be turned into. Other things are as rare as precious metals but people just don’t like looking at them as much. And don’t think people will enjoy looking at them in the future. They could however be wrong and some things will become less fashionable and be worth less in the future. Not aware of anyone who likes looking at Bitcoin.

Paint on canvas or a block of marble have little inherent value. What is done with them technically and aesthetically can add value. If it is any good that is.

There is behaviour around the edges where a self destroying physical artwork sells for big money. But that is Bill Drummond style performance art and is confined to very few individuals.

Bitcoin offers none of these. It works on the principle that rare (or restricted supply) is automatically valuable. It has nothing to back that up.

But if I was a big investor with deep pockets I could easily make a lot of noise about putting $10bn into Bitcoin and cashing in on the drip straight away as the price rises on foot of my announcement.

Tulips from Amsterdam

Don't look up NFTs whatever you do.

You don't allow for the technical aspect of crypto which adds value.

But what is value? We only value something because of how we feel about it. That the big question. If people didn't value gold it would be like any other rock on the ground.

Okay hit me with it. I have already factored in the use of technology to restrict the supply of something but beyond that what is the value (to the holder) in the technology?

Bitcoin is a store of value, same as anything else. It's pretty much been proven at this stage. 1 coin is worth over $60k. It's market cap will exceed Gold at some point. It's done.
Other Cryptocurrencies are solving real world problems. Smart contracts will be the future. Lots of things do and will use them. Ether (Ethereum) is pretty rubbish but other Cryptos like Cardano (ADA) and Polkadot (Dot) are building on that. That's the tech aspect
Cryptos are the future and they are here to stay. Are they a risky investment? Yes. Could you lose it all? Yes. But that is pretty much the same for all investments.

11
General discussion / Re: The OFFICIAL Liverpool FC thread
« on: April 14, 2021, 09:31:47 PM »
Liverpool seem to have a real scummy supporter base.

12
General discussion / Re: Cryptocurrency
« on: April 14, 2021, 11:15:07 AM »
Let me be clear, I was talking solely about Bitcoin, not all the other Cryptocurrencies or Alt Coins as they are an entirely different conversation.

Smelmoth, what revenues does gold create?
None, but it still doesn't stop a gold bullion being worth whatever it is worth.
What revenues do jewellry or fancy art generate? But they still hold their value.

Think of Bitcoin the same. An asset just has to be accepted as a Store of Value and then that is what it becomes.  My view (and if you don't hold the same view then that's fine) is that Bitcoin is on the path to being accepted as a bona fide Store of Value; just like a painting or a bit of gold. #

I say this is it is apparent that more corporations are getting involved now as a legitimate part of their treasury holdings (again, I'm just talking about Bitcoin here, no other crypto assets) and the supply is fixed. 

It's some diversification for me as I still have much more in the traditional investments (pensions and stocks and shares ISAs) that I do in Bitcoin. For sure I wouldn't go all in on Bitcoin, just the same way as I wouldn't on any particular individual asset.

Until now I have only heard of cryptocurrencies being proposed as alternative to cash, gilts, stocks, currency or investments that combine some or all of those. Hence my focus on them.

You are now bringing in gold, art and jewellery.

Jewellery’s inherent value is in precious metals and to a degree workmanship and the history (who owned/ wore some items before). Gold is related to this because of what it can be turned into. Other things are as rare as precious metals but people just don’t like looking at them as much. And don’t think people will enjoy looking at them in the future. They could however be wrong and some things will become less fashionable and be worth less in the future. Not aware of anyone who likes looking at Bitcoin.

Paint on canvas or a block of marble have little inherent value. What is done with them technically and aesthetically can add value. If it is any good that is.

There is behaviour around the edges where a self destroying physical artwork sells for big money. But that is Bill Drummond style performance art and is confined to very few individuals.

Bitcoin offers none of these. It works on the principle that rare (or restricted supply) is automatically valuable. It has nothing to back that up.

But if I was a big investor with deep pockets I could easily make a lot of noise about putting $10bn into Bitcoin and cashing in on the drip straight away as the price rises on foot of my announcement.

Tulips from Amsterdam

Don't look up NFTs whatever you do.

You don't allow for the technical aspect of crypto which adds value.

But what is value? We only value something because of how we feel about it. That the big question. If people didn't value gold it would be like any other rock on the ground.

13
General discussion / Re: Cryptocurrency
« on: April 14, 2021, 08:43:58 AM »
To the moon

14
General discussion / Re: Cryptocurrency
« on: April 13, 2021, 01:35:57 PM »
XRP flying atm too.

Someone told me here not to sell mine and I actually bought more.
EDIT - It was you clarshack so thanks for the tip.

15
General discussion / Re: Is FF gone as a party?
« on: April 13, 2021, 01:35:08 PM »
When I read all these long posts I cant help but think that they are all based on the assumption that the rules of the game are the same as before. They are not - social media for one is massive now. Another, traditional media which to date has been aggressively biased against SF will soon realise that they are actually committing suicide doing this. What happens to FFG when Claire Byrne and Miriam O Callaghan start being fair and neutral in their interviews???

There's something you don't have to worry about, the establishment have these people in their back pocket, their A game is the smear campaign and even then its piss poor to average at best

As you say social media is a huge game changer in this day and age and I feel SF have an edge here

O'Callaghan in her haste to sideline fairness and objectivity will do more good for SF than harm, but it is sickening to watch at times, same as that gimp Tubridy

Well it certainly hasnt had the effect they were looking for and instead has damaged these institutions. But when will it dawn on them that the next minister they go with a begging bowl to may be a SF minister?

The establishment MO'C etc are part of will never accept SF, they'll fight them tooth and nail to the next election and if SF do enter government they'll traduce them at any opportunity, taking their own credibility with them as a result

If SF get in hopefully they can begin to dismantle the cabal that exists within the establishment protecting FFG, not that there isn't a mountain of other more important work to be done, but they'll just have to multi task

This is classic SF voter diatribe. The establishment is working against us. We're outsiders shaking things up. Drain the Swamp. The Cabal. What a load of shite. What about in the 6 counties were SF ARE THE ESTABLISHMENT and have been for the last 10 years. Give me a f**king break.

Everyone pull up a chair, wait till you see the shite posted in response... here we go....

Serious case of death grip you have there trailer

SF in the north are practicing antiestablishmentarianism, hadn't you noticed the century of bigotry dished out to the CNR population?

Auck yeno the cabal well, the ones that are adamant they wont enter government with SF but expect SF to enter government in the north with the DUP

The days of eating ones cake and still having ones cake are dwindling, the direction of travel is set

I've read some shite in my time but this is right up there.

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