441–450 of 487 posts
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I'll give it a try as well :) xrb_1pjzyhtcjwg5u3ot88dfa53bu6tf31syixpz78t9mq9bcfmjo81j7sjysox1
sent :) https://raiblocks.net/block/index.php?h=5025D11BB7D6211F76E4...
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HNWIs are definitely starting to talk about and ask for crypto products. EDIT: I work in the area, not a shill.
Best performing asset class over the last few years. Even if it is a bubble, you might as well allocate a few %'s of your portfolio to it if you're wealthy..
The best performing asset class is cocaine. Buy leaves from the growers, process, sell to the red carpet users. Thousands percent every year.
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Explain for those not in the know, like me. I thought Goldman repaid their TARP bailout money?
The TARP money was just a small fraction of the actual bailout. The Federal Reserve also drove the interest rate on your savings account below the rate of inflation (robbing you of your wealth). Artificially suppressing interest rates also propped up asset prices -- assets such as houses which all the banks own. TARP was the tip of the iceberg.
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Best performing asset class over the last few years. Even if it is a bubble, you might as well allocate a few %'s of your portfolio to it if you're wealthy..
Rubbish. The best performing asset class is cocaine. Buy leaves from the growers, process, sell to the red carpet users. Thousands percent every year.
There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
xrb_3ouz8ygb6mem18s5iq4b3qbum4qznnuhujj9zqbyntcxted5ah7xej45eerx
There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
xrb_36646a7ro49tudwd1conkm8e8ykbbp1kemn8moisy6ye54i9hk8u699eypxt
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> Investors buying subprimes were professional investors. Most of them didn't like subprimes but were buying them because that was the only way to pick up a little bit of yield in a market where credit spreads were massively compressed. It's after they lost their shirt that they suddenly pretended having never realized that subprime stood for loans to riskier borrowers. There's certainly more due diligence that they…
Credit ratings are merely an opinion. You can't call fraud if someone is wrong on an opinion on whether some securities will go up or down (otherwise you would jail 90% of research analysts). In this case their rating was based on the assumption that there wouldn't be a US-wide real estate downturn. That was backed by a long history and turned out to be dead wrong. I am sure there was fraud as well. But fraud doesn't…
There's a world of difference between "We misjudged the long-tail risk of the instrument we rated" and "We straight up lied so that we could keep getting business from the banks."
Half the mortgages in some of those AAA instruments were issued to people with income at minimum wage, or with credit rating in the 500s, or to people buying homes that were never even looked at by underwriters. This isn't a "Whoops, our math was a bit off, we didn't expect the collateral to drop in value for a bit."
This is straight-up fraud, and the people carrying it out should have been taken out back, and had their shirts taken away from them. We need more, not less personal responsibility from our professional sectors.
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There seems to be a ton of excitement about Bitcoin now, not because of what it can do, but almost entirely because of speculation. Almost none of the general public interest in Bitcoin stems from an interest in what Bitcoin is; the vast majority of people simply see it as a get rich quick asset. And the reason why people are only interested in it for speculative reasons is because it doesn't seem to have any particu…
I'm tired of this perspective. Just because you "feel" people are in bitcoin for "the wrong reason" doesn't make it bad. Similarly if people start buying electric vehicles because they are faster than gas cars it doesn't make them "worse" than people who buy them for environment change. A lot of millenials have learned a lot about the existing financial system due to Bitcoin, even if it was initially to make a quick…
Is not cryptocurrency the ultimate fiat currency?
It only has worth because we all "agree" it does via supply and demand for the currency itself, rather than any backing material value. Aside from a bunch of power plants in China, I suppose? But people don't hold Bitcoin at $20,000 because they strongly believe in the material worth of the rural Chinese electric grid.
(post edited to say "fiat currency" rather than the noun "fiat" which means decree or command)
There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…
xrb_3yrjpgt7f3au9x8b4xws4mih7yti9oytdj5xd3ybdjpyunt674x3y3hwdhh5