A salient lesson for those jumping onto financial bandwagons

wary

It's the old saying "past performance is no guarantee of future performance". Any investment on the strength of a good recent run may seem like a good idea, but you may be buying at the peak.

doughnutmachine

dryhat wrote: »

Try reading the whole post from which you have taken that quote.

Tbh, I don't know much about the underlying technology, but I'm not exactly filled with enthusiasm when I see it can be used for "asset registration, contractual agreements and voting systems".

These are all things that we can do already. If you had said the technology would cure the common cold or cure baldness I would see the commercial applications.

If this was Dragons' Den I would be saying "Don't give up the day job".

dryhat

doughnutmachine wrote: »

Tbh, I don't know much about the underlying technology, but I'm not exactly filled with enthusiasm when I see it can be used for "asset registration, contractual agreements and voting systems".

These are all things that we can do already. If you had said the technology would cure the common cold or cure baldness I would see the commercial applications.

If this was Dragons' Den I would be saying "Don't give up the day job".

Yes and pay £100s of billions a year in fees to bankers, lawyers, accountants and other petty beureucratic parasites for the privilege of doing something which can now be done for a fraction of the price.

If you don't believe this technology is capable of changing the commercial and economic landscape, that's fine. I don't care either way.

I posted this video earlier in the thread and it contains hints of the possibilities, as described by an IBM executive ....

http://www.youtube.com/watch?v=VDO7TDMlxsY

jimjames

CLAPTON wrote: »

that's normally the case with bubbles

Anyone want some tulips? Guaranteed to grow (maybe not in value anymore though)

dryhat

jimjames wrote: »

Anyone want some tulips?

No thanks.

Who would want to buy them?

They are only flowers. They might look nice but there's loads of them, anyone can grow them and you can't spend them online or send them to someone on the other side of the world for practically zero cost.

warehouse

Say for example that cyber terrorists worked out how to take down the internet, (if not already attempted), then what works best, gold or bitcoins?

MFW_ASAP

dryhat wrote: »

If you don't believe this technology is capable of changing the commercial and economic landscape, that's fine. I don't care either way.

Yes, of course you don't care, that's why you're not on a housing board pushing bitcoins and that's why you haven't made the above statement and then in the next sentence posted a youtube video. Oh, hold on....

dryhat wrote: »

I posted this video earlier in the thread and it contains hints of the possibilities, as described by an IBM executive ....

http://www.youtube.com/watch?v=VDO7TDMlxsY

You care so very much, just like the PM bugs did and just like the Mormons that used to accost me in our village. The Mormons took particular interest in me when I announced I was an atheist. I should have said Scientologist and then they would have left me alone because I was even more extreme than them - just like the bitcoin freaks are a more extreme version of the gold bugs. You're all feverish fanatics, convinced that Your Way is the true path. Laughable.

Marazan

dryhat wrote: »

Yes and pay £100s of billions a year in fees to bankers, lawyers, accountants and other petty beureucratic parasites for the privilege of doing something which can now be done for a fraction of the price.

Instead you'll pay fees to the Bitcoin miners.

You can smell the stink of rent seeking that infects the conversation whenever a Bitcoin dicussion hits the topic of "Why would people still mine if they aren't going to get any BitCoins once all 21million have been minted".

dryhat

warehouse wrote: »

Say for example that cyber terrorists worked out how to take down the internet, (if not already attempted), then what works best, gold or bitcoins?

Here's a good thread all about gold v bitcoins (from march 2102) ..

https://bitcointalk.org/index.php?topic=68655.0

Anyone jumping from the former to the latter will be sitting very pretty right now. And good luck to them for having the vision and the ba11s to do it.

dryhat

MFW_ASAP wrote: »

Yes, of course you don't care, that's why you're not on a housing board pushing bitcoins and that's why you haven't made the above statement and then in the next sentence posted a youtube video. Oh, hold on....
You care so very much, just like the PM bugs did and just like the Mormons that used to accost me in our village. The Mormons took particular interest in me when I announced I was an atheist. I should have said Scientologist and then they would have left me alone because I was even more extreme than them - just like the bitcoin freaks are a more extreme version of the gold bugs. You're all feverish fanatics, convinced that Your Way is the true path. Laughable.

You really are funny.

I don't know why you keep getting banned. They should let you stay for the comedy value.

Don't worry mate, I'm not like some of the others you've followed and baited. I won't report any of your posts so you crack on with your insults and abuse.