BITCOIN

Hexane

adindas said:

Malthusian said:

There is a recent news where Palantir (PLTR) warns of a "black swan event". Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

So what exactly is this black swan event and when will it happen?

No, wait, I forgot - if they knew what it was it wouldn't be a black swan.

Who needs to make money for old rope when people will pay you money to tell them that you think something bad will happen but you don't know when or what they should do about it?

Palantir is not a Crystal Ball.

that's funny, cos in the movie that's exactly what it looked like...

Section62

adindas said:

Section62

The thing that bugs me though are the folks who only speak of the upsides of crypto, and do so with pseudo-authority gleaned only from watching some YT videos..

Well, I am not quite sure whether you are aware of the state of art of You Tube nowadays. You could literally find almost every credible information, channels, News, interview, conference with well-known figures that you normally watch on Cable TV read on Newspaper but on your convenience time and / or catch-up mode. Many of the important quick news you can not even find on Cable TV.

Think about CNBC, CNN, Fox Business, FT, Bloomberg, Morningstar, TrustNet, the Motley fool etc you name it. It is there. A few people try to condense the stock market news from various reliable source into a single video so it will save your time rather then spending time watching them one by one.

It is very convenience as you could easily find / search them in a single platform .

Certainly, there are a lot of scammers outthere that will try to scam you. But it is entirely up to you how you screen it.

Happily I can alleviate your uncertainty by saying that I'm reasonably aware of the range of content available on YT now, although not an expert on the subject.

But the quality of content on YT wasn't a feature of the comment I made that you have quoted.

I was referring to people who talk up crypto based solely on what they've seen on YT. (and/or read on other SM)

There are some excellent YT channels producing (traditional) broadcast quality material. A good example is "Mentour Pilot" whose channel is about aviation issues and what is involved in flying civil airliners. He speaks with real authority because he is a pilot. And because he is a pilot his content is measured and factual because if he starts uploading/posting nonsense it would affect his employability.

But nobody in their right mind would get on an aeroplane if the people at the front said they learned to fly by watching YT videos, and don't worry because they know what they are doing. That would be "pseudo-authority". They aren't practicing experts.

However, some people are entirely willing to risk their life savings based on opinions expressed on YT (and other SM) by people with unknown credentials - whose own knowledge was gained in a like manner.  The phrase "The blind leading the blind" applies.


A final point, the presence of the names you mention (plus others) has certainly increased the credibility of YT content compared to the days where cat videos and conspiracy theories were the main output.

But that in itself is part of the problem - in that people who have difficulty in determining the credibility of information they receive can be fooled into thinking some random person speaks with authority because YT is now hosting other credible content.

Not everything you see/read on YT (and other SM) has the same level of truth and accuracy. We haven't all become experts on everything.

Hexane

adindas said:

Zola. said:

Just hit $50,000 again. 

Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

You mean like birthdays and anniversaries?

You know, that breathless way of communicating reminds me very keenly of those random people I don't know who phone me up to tell me things I don't want to know. Less pronouns and conjunctions in places where they should be, and slightly more pronouns and conjunctions in places that they shouldn't be.

Scottex99

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Zola.

Scottex99 said:

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Look at this: https://decrypt.co/79125/ethereum-rock-jpeg-sells-for-600k-as-nft-frenzy-continues

!!!!!!?

Surely the only purpose for NFTs of ridiculous jpgs of a rock is purely about money laundering... what else could the appeal be? 

"how do you explain this half a million?"

"oh I sold some artwork, check this awesome rock out!"

I can get proper artists selling originals, but not all this silly stuff... dont understand the value

tranquility1

Zola. said:

Scottex99 said:

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Look at this: https://decrypt.co/79125/ethereum-rock-jpeg-sells-for-600k-as-nft-frenzy-continues

!!!!!!?

Surely the only purpose for NFTs of ridiculous jpgs of a rock is purely about money laundering... what else could the appeal be? 

"how do you explain this half a million?"

"oh I sold some artwork, check this awesome rock out!"

I can get proper artists selling originals, but not all this silly stuff... dont understand the value

If only there were an historical precedent🌷

adindas

Hexane said:

adindas said:

Zola. said:

Just hit $50,000 again. 

Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

You mean like birthdays and anniversaries?

You know, that breathless way of communicating reminds me very keenly of those random people I don't know who phone me up to tell me things I don't want to know. Less pronouns and conjunctions in places where they should be, and slightly more pronouns and conjunctions in places that they shouldn't be.

Nope, not birthdays and anniversaries. Children like to throw tantrum when they have nothing to argue or to say.

And again how stupid they are if they do not know that there is an ignore button outthere.

tranquility1

Palantir buys gold bars as hedge against black swan event.

They know something you don't.


https://uk.finance.yahoo.com/amphtml/news/palantir-buys-gold-bars-hedge-175654233.html

Zola.

On the grand scale, $50m is nothing, especially when you consider Tesla bought $2.5bn Bitcoin. 

Malthusian

tranquility1 said:

Palantir buys gold bars as hedge against black swan event.

They know something you don't.

Not true. I also know that something unspecified will happen at an unspecified time in the future. I am so certain it will happen I will bet a fiver on it.