Announcement

Collapse
No announcement yet.

Bad beat/Moaning/Venting thread - Best of Luck TylerD

Collapse
This is a sticky topic.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Originally posted by Hitchhiker's Guide To... View Post

    well shortly after I realised that the funds sunk into Alien Worlds were a lost cause, so might take a moment to self-reflect on the idea of pumping money into things and only then working out what they are.
    that's it in a nutshell though; people are chucking money into this area without having a clue. It's not investing, at best it's speculation and hoping to catch the wave, which will crash back to shore.

    Bulgarian apartments anyone?
    "We are not Europeans. Those people on the continent are freaks."

    Comment


      Originally posted by Raoul Duke III View Post

      that's it in a nutshell though; people are chucking money into this area without having a clue. It's not investing, at best it's speculation and hoping to catch the wave, which will crash back to shore.

      Bulgarian apartments anyone?
      You mean there in a nutshell is the whole gambling industry

      Comment


        Originally posted by Solksjaer! View Post

        You mean there in a nutshell is the whole gambling industry
        Which obviously, as a seasoned gamblor, I am fine with.

        But let's not pretend it's anything more than that. Dogecoin is literally a pisstake (I think I'd equate it to entering a donkey in the Derby and punting it into evens).
        "We are not Europeans. Those people on the continent are freaks."

        Comment


          Originally posted by Raoul Duke III View Post

          Bulgarian apartments anyone?
          Never. Now we'd be willing to invest in pictures of Bulgarian apartments registered on a blockchain, because that's just smart.
          "We're not f*cking Burundi" - Big Phil

          Comment


            tbh, I think we should be looking for the next bubble at this stage (or else working out how to profitably short this one)
            "We are not Europeans. Those people on the continent are freaks."

            Comment


              Originally posted by Raoul Duke III View Post
              tbh, I think we should be looking for the next bubble at this stage (or else working out how to profitably short this one)
              Shorting is an unbelievably dumb idea given the volatility of the market. #remember GameStop
              No beast so fierce but knows some touch of pity, but I know none, therefore am no beast.

              Comment


                Originally posted by Raoul Duke III View Post

                Which obviously, as a seasoned gamblor, I am fine with.

                But let's not pretend it's anything more than that. Dogecoin is literally a pisstake (I think I'd equate it to entering a donkey in the Derby and punting it into evens).
                I think the best way of viewing it is like the dotcom bubble. Something that was clearly a bubble, most of the firms of the time disappeared, but the net worth of the overall dotcom industry is far more now than it was during the bubble year. We're all on the hunt for Amazon.com trying to avoid Pets.com. There's longterm value, but its really hard to judge where it is. We're eventually moving away from paper money, centralised finance, digitalised IP, we're just in the early days.
                "We're not f*cking Burundi" - Big Phil

                Comment


                  Originally posted by Raoul Duke III View Post
                  tbh, I think we should be looking for the next bubble at this stage (or else working out how to profitably short this one)
                  I’m prepared to dress up as Helga from Sweden for the heads up on Wheat report results. Denny your move.

                  Comment


                    Originally posted by pokerhand View Post

                    Shorting is an unbelievably dumb idea given the volatility of the market. #remember GameStop
                    "We are not Europeans. Those people on the continent are freaks."

                    Comment


                      Originally posted by Hitchhiker's Guide To... View Post
                      We're eventually moving away from paper money, centralised finance, digitalised IP, we're just in the early days.
                      First one has already happened and the pandemic was just the death knell.

                      'Centralised Finance'; what do you mean here, the actual issuance of fiat currency itself?
                      "We are not Europeans. Those people on the continent are freaks."

                      Comment


                        ionapaul found a house yet? This is great if you simply ignore photo 4. Photo 4 will haunt you if you did buy it though. Photo 4.
                        14 TREES ROAD LOWER, MOUNT MERRION, Blackrock, Dublin, 3 Bed, asking price €675,000, brought to market by Young's Estate Agents, Residential - 4496346 (rated G)

                        Comment


                          Photo 4

                          Comment


                            Originally posted by DeadParrot View Post
                            This is why you don't FOMO into shitcoins




                            The play recently has been to spin up a meme coin, sent billions of it to the creator of ETH and then use the fact he's holding it as implicit support in order to drum up the price.
                            He's just dumped ALL of it. And he's donating the proceeds to charity.
                            Billions going out.
                            Subtitles?

                            Comment


                              Originally posted by pokerhand View Post

                              Shorting is an unbelievably dumb idea given the volatility of the market. #remember GameStop
                              I agree, that the level of understanding you need to short anything is multiples more than you need to buy something. They aren’t binary outcomes. Assuming something is a bubble is about 0.5% of the information you’d need to successfully short.hard to see how anyone outside the founders could have that level of conviction on a cryto.


                              Hectorjelly what do you make of Tesla’s decision to stop allowing Bitcoin due to ESG concerns?

                              Comment


                                Originally posted by Emmet View Post
                                ionapaul found a house yet? This is great if you simply ignore photo 4. Photo 4 will haunt you if you did buy it though. Photo 4.
                                standard for that type of area though, I'd say 50% of the houses we viewed in Clontarf had some kind of assisted living adaption (the funnest one being the place with the stairs lift that our kids broke while we distracted the EA from noticing their terrorist activity)
                                "We are not Europeans. Those people on the continent are freaks."

                                Comment


                                  Comment


                                    Originally posted by Raoul Duke III View Post



                                    GameStop was a tongue in cheek answer, but GL2M gave a better explanation anyway.
                                    No beast so fierce but knows some touch of pity, but I know none, therefore am no beast.

                                    Comment


                                      Castlevania season 4 out today.
                                      ﴾͡๏̯͡๏﴿

                                      Comment



                                        I was checking Liverpools odds for a top 4 which is a redic stingy 6/5 with Paddy Powers and yet you can get better odds on them winning at Old Trafford tonight 13/10. Who on earth would you not take the away win . If they even draw that the top 4 odds will shoot up. . Trying to figure out what I’m missing here ? Surely It’s a win or bust for Liverpool tonight.

                                        Comment


                                          Originally posted by Hitchhiker's Guide To... View Post

                                          I think the best way of viewing it is like the dotcom bubble. Something that was clearly a bubble, most of the firms of the time disappeared, but the net worth of the overall dotcom industry is far more now than it was during the bubble year. We're all on the hunt for Amazon.com trying to avoid Pets.com. There's longterm value, but its really hard to judge where it is. We're eventually moving away from paper money, centralised finance, digitalised IP, we're just in the early days.
                                          Paper money has been on the way out (In the 'connected world') for decades - cryptocurrencies are not a replacement, we already have electronic transactions and have done (for decades). RFID has been a larger catalyst by orders of magnitude than cryptos in the reduction of the paper money transaction rate cardinally and electronic bank transfers already dwarfed it notionally.

                                          "Centralised Finance" - what does this mean? I can understand what "decentralised finance" means as a moniker for using distributed systems to administer authorisation of transactions, but it doesn't have a well defined antonym. "Decentralised finance" just means that the authority used to transact is not vested anywhere specifically, and barriers to becoming authoritative are aimed to be minimised. Is "Centralised Finance" the opposite of this? What is that opposite? And is that opposite what exists today, or is it a straw man that gets beaten up mercilessly for no reason?

                                          Be sceptical of the beansellers, for their beans may not be what you are looking for, and it is in their interest to convince you otherwise.
                                          Last edited by Emmet; 13-05-21, 12:44.

                                          Comment


                                            Originally posted by pokerhand View Post



                                            GameStop was a tongue in cheek answer, but GL2M gave a better explanation anyway.
                                            plenty of ways you can play the downside while limiting your exposure, hence the

                                            and volatility is good
                                            "We are not Europeans. Those people on the continent are freaks."

                                            Comment


                                              LOL

                                              So the question for the true believers, do you really think Musk is such a gobshite that he only figured it out last weekend?

                                              Maybe you should reflect on the get out of jail clause he wrote himself about sustainable energy and again consider is he a fool or is he playing games?



                                              Turning millions into thousands

                                              Comment


                                                Originally posted by Emmet View Post
                                                ionapaul found a house yet? This is great if you simply ignore photo 4. Photo 4 will haunt you if you did buy it though. Photo 4.
                                                Actually, we are sale agreed on a place in Stepaside Can't believe how much we're ending up spending (assuming it goes through, many things can obv go wrong, sellers can change their minds, etc...), it very quickly went from 'hmm, honey I was just running the numbers, if we did want to move this year, we could aim at houses in the €XXX bracket' to 'jesus, we can actually push ourselves and add another €200k to our limit, if we find a nice enough place' to 'fuck it, let's spend every penny!'

                                                This being said, got the bad news today that the sellers' new house won't actually be ready in July as we had been told during the negotiation process (and we ourselves have agreed to be out of our current place by the end of June), and they want the move the closing date to 'mid-August'. And who knows how solid that suggestion is. The thoughts of 6+ weeks in temporary accommodation is not appealing.

                                                Comment


                                                  Originally posted by ionapaul View Post

                                                  Actually, we are sale agreed on a place in Stepaside Can't believe how much we're ending up spending (assuming it goes through, many things can obv go wrong, sellers can change their minds, etc...), it very quickly went from 'hmm, honey I was just running the numbers, if we did want to move this year, we could aim at houses in the €XXX bracket' to 'jesus, we can actually push ourselves and add another €200k to our limit, if we find a nice enough place' to 'fuck it, let's spend every penny!'

                                                  This being said, got the bad news today that the sellers' new house won't actually be ready in July as we had been told during the negotiation process (and we ourselves have agreed to be out of our current place by the end of June), and they want the move the closing date to 'mid-August'. And who knows how solid that suggestion is. The thoughts of 6+ weeks in temporary accommodation is not appealing.
                                                  Nice one. Good luck with it Paul. I'm sure you've chosen some part that won't be snarled in traffic. I've friends in tears who bought there just a few years ago and are desperately trying to get out now from that big estate up from Lambs Cross past the golf course/library. And they're just continuing to add block upon block of apartments effectively surrounded by country roads.
                                                  Last edited by BennyHiFi; 13-05-21, 14:43.

                                                  Comment


                                                    Originally posted by BennyHiFi View Post

                                                    Nice one. Good luck with it Paul. I'm sure you've chosen some part that won't be snarled in traffic. I've friend in tears who bought there just a few years ago and are desperately trying to get out now from that big estate up from Lambs Cross past the golf course/library. And they're just continuing to add block upon block of apartments effectively surrounded by country roads.
                                                    Always amazes me just how bad traffic is around there.
                                                    Is it just that there's a few big things (Leopardstown, Dundrum SC etc) in the vicinity? Plus the lack of public transport options I guess.

                                                    I don't mean Stepaside btw, but further down the hill and inside the M50.
                                                    "We are not Europeans. Those people on the continent are freaks."

                                                    Comment


                                                      Originally posted by Raoul Duke III View Post

                                                      Always amazes me just how bad traffic is around there.
                                                      Is it just that there's a few big things (Leopardstown, Dundrum SC etc) in the vicinity? Plus the lack of public transport options I guess.

                                                      I don't mean Stepaside btw, but further down the hill and inside the M50.
                                                      There is that for sure and lots of big employers too I think, Microsoft, Vodafone etc... it'll really be fascinating to see how we cope with policy related to transport after the pandemic.

                                                      Not too well if history is to inform us and the struggle with housing at the moment is just the beginning of a long and difficult road ahead (if you'll excuse the pun).

                                                      The one thing we can be fairly sure I think is it will be neither radical, or progressive UNLESS the FF/FG status quo is upended. Most bets would be off then.

                                                      Comment


                                                        Originally posted by Emmet View Post

                                                        Paper money has been on the way out (In the 'connected world') for decades - cryptocurrencies are not a replacement, we already have electronic transactions and have done (for decades). RFID has been a larger catalyst by orders of magnitude than cryptos in the reduction of the paper money transaction rate cardinally and electronic bank transfers already dwarfed it notionally.

                                                        "Centralised Finance" - what does this mean? I can understand what "decentralised finance" means as a moniker for using distributed systems to administer authorisation of transactions, but it doesn't have a well defined antonym. "Decentralised finance" just means that the authority used to transact is not vested anywhere specifically, and barriers to becoming authoritative are aimed to be minimised. Is "Centralised Finance" the opposite of this? What is that opposite? And is that opposite what exists today, or is it a straw man that gets beaten up mercilessly for no reason?

                                                        Be sceptical of the beansellers, for their beans may not be what you are looking for, and it is in their interest to convince you otherwise.
                                                        I suspect that (should I say it) you haven't a clue what you are talking about.
                                                        "We're not f*cking Burundi" - Big Phil

                                                        Comment


                                                          Originally posted by BennyHiFi View Post

                                                          There is that for sure and lots of big employers too I think, Microsoft, Vodafone etc... it'll really be fascinating to see how we cope with policy related to transport after the pandemic.

                                                          Not too well if history is to inform us and the struggle with housing at the moment is just the beginning of a long and difficult road ahead (if you'll excuse the pun).

                                                          The one thing we can be fairly sure I think is it will be neither radical, or progressive UNLESS the FF/FG status quo is upended. Most bets would be off then.
                                                          Every government comes in with big promises - but never forget the power of inertia and vested interests to thwart these.

                                                          I don't think it would make much, if any, difference if the next government was SF-FF (for example, probably the most likely combo out there).
                                                          "We are not Europeans. Those people on the continent are freaks."

                                                          Comment


                                                            Originally posted by Hitchhiker's Guide To... View Post

                                                            I suspect that (should I say it) you haven't a clue what you are talking about.
                                                            Projection your honour.

                                                            Comment


                                                              If there is one thing the pandemic has shown is that a LOT of the traffic in needless. People should be encouraged to WFH, there should even be proper tax benefits for it. To even knock 10% off the traffic on the M50 is HUGE .

                                                              The Government should drive this . Employers , please allow X days per week where the employee should work from home where possible. It’s simple maths, a few problems will ease along with less traffic. Less stress for people rushing to childcare, less exposure to the normal fluey bugs , roads wear and tear, the environment and plenty more. If people can’t work from home, create little hubs and free wifi in selected places in communities where people from different companies can work alongside each other and not have to hop in the car for a 2 hour 40 miles round trip This is an opportunity .

                                                              Comment


                                                                Originally posted by Emmet View Post

                                                                Projection your honour.
                                                                ha. I had to return to a class that very second, so I decided to post and run.

                                                                There's a few issues there.

                                                                First of all, centralised finance is, I would have thought fairly clear as the current traditional finance nexus. Commercial banks, investment banks, personal banks, central banks. Decentralised finance is where there is algorithmic matching of borrowers and savers, risk deferrers and risk accepters, short-term needers vs long-term needers. The whole system of banking becomes unnecessary then because this will be matched in a much less costly way. That everything becomes an exchange, in much the way that stockmarkets work - but for all finance.

                                                                I'm not saying that the entire traditional finance sector will disappear, but it will all be hollowed out. I don't think the concepts though, or the ambition is all that crazy. Its very reasonable and there's a strong cost incentive and benefit incentive. It will also allow fairer access to finance.
                                                                "We're not f*cking Burundi" - Big Phil

                                                                Comment


                                                                  raoul quaking in his boots at the impending jab. I suspect they will be handing out jabs in spar by mid-June. Well done to the HSE.



                                                                  pnnydtyl.jpg
                                                                  "We're not f*cking Burundi" - Big Phil

                                                                  Comment


                                                                    Originally posted by BennyHiFi View Post

                                                                    Nice one. Good luck with it Paul. I'm sure you've chosen some part that won't be snarled in traffic. I've friends in tears who bought there just a few years ago and are desperately trying to get out now from that big estate up from Lambs Cross past the golf course/library. And they're just continuing to add block upon block of apartments effectively surrounded by country roads.
                                                                    The house will be a 15-minute walk from the Luas, which is very important as my wife doesn't drive (yet!) - theoretically a sub 10-minute drive to my office but yeah, let's see how that works out. It's a 4km road distance so could run it handily enough in the morning, all down hill

                                                                    Think you are talking about Belarmine? Yeah, it's a bit mad there, hundreds and hundreds of houses and apartments, two ways in or out from there. Some nice homes in there but not for us.

                                                                    Comment


                                                                      Hitch that graph suggests that 100% of people aged 75-84 have had a vaccination jab. 100% is quite a lot. Where is the graph from?

                                                                      Comment


                                                                        Originally posted by ionapaul View Post

                                                                        The house will be a 15-minute walk from the Luas, which is very important as my wife doesn't drive (yet!) - theoretically a sub 10-minute drive to my office but yeah, let's see how that works out. It's a 4km road distance so could run it handily enough in the morning, all down hill

                                                                        Think you are talking about Belarmine? Yeah, it's a bit mad there, hundreds and hundreds of houses and apartments, two ways in or out from there. Some nice homes in there but not for us.
                                                                        Yeah Belarmine. That's the one.

                                                                        I'd happily walk 4km each way every day (too short for me to get into the run) .

                                                                        Agree fully with Solks and luckily my work will be mostly from home going forward but will most employers go down that route? Remains to be seen and, indeed, if the government will not buckle under the competing pressures of property developers/landlords/businesses in the city centre vs the people who never want to return to the drudge of the commute and never seeing their kids.

                                                                        As well as trying to attract a young, educated, dynamic workforce who definitely won't want to work in the suburbs and commuter towns, watching the likes of Solks jog painfully past their bedroom window on a wet Wednesday in November.

                                                                        Not much fun in that if you're 27, horny, have disposable income and want to meet people and have adventures!

                                                                        Comment


                                                                          Originally posted by hotspur View Post
                                                                          Hitch that graph suggests that 100% of people aged 75-84 have had a vaccination jab. 100% is quite a lot. Where is the graph from?
                                                                          Yeah. I wonder if they mean 100% of people who wanted it?

                                                                          From Fergal, and I guess in turn he got it from the HSE:

                                                                          "We're not f*cking Burundi" - Big Phil

                                                                          Comment


                                                                            Originally posted by BennyHiFi View Post

                                                                            Yeah Belarmine. That's the one.

                                                                            I'd happily walk 4km each way every day (too short for me to get into the run) .

                                                                            Agree fully with Solks and luckily my work will be mostly from home going forward but will most employers go down that route? Remains to be seen and, indeed, if the government will not buckle under the competing pressures of property developers/landlords/businesses in the city centre vs the people who never want to return to the drudge of the commute and never seeing their kids.

                                                                            As well as trying to attract a young, educated, dynamic workforce who definitely won't want to work in the suburbs and commuter towns, watching the likes of Solks jog painfully past their bedroom window on a wet Wednesday in November.

                                                                            Not much fun in that if you're 27, horny, have disposable income and want to meet people and have adventures!
                                                                            . There are few of us verile types left in this gender confused world. These 27 year olds have needs you know and standards are dropping all the time . It's a perfect storm

                                                                            Comment


                                                                              Belarmine is shocking planning tbh. A fresh store, a bakery, a pizza shop, and then fuck off. They really need to design these places to have some spaces for e.g. markets, more random shops, as that's where a lot of the personality of a place lies. It still though has a nice modern pleasant feel to it, so obviously everyone is happy there. We visited there loads due to it being in the 5km and the base of the Dublin mountains.

                                                                              Poor Stepaside is the ugly cousin that shows what happens when places like Belarmine go wrong. Loads of apartments, loads sprouting Irish flags now (a new style of warning sign), and all they got was a freaking centra. You've really been fucked over when all you have is a centra. Wasn't even any seats there where you could consider it a community. Just roads, houses, and a centra.
                                                                              "We're not f*cking Burundi" - Big Phil

                                                                              Comment


                                                                                Belarmine where the dort accent has been replaced by the loooas accent. They payed a lot of dough for those abodes . Total fitness could have been a gold mine .

                                                                                Comment


                                                                                  Originally posted by Hitchhiker's Guide To... View Post

                                                                                  ha. I had to return to a class that very second, so I decided to post and run.

                                                                                  There's a few issues there.

                                                                                  First of all, centralised finance is, I would have thought fairly clear as the current traditional finance nexus. Commercial banks, investment banks, personal banks, central banks. Decentralised finance is where there is algorithmic matching of borrowers and savers, risk deferrers and risk accepters, short-term needers vs long-term needers. The whole system of banking becomes unnecessary then because this will be matched in a much less costly way. That everything becomes an exchange, in much the way that stockmarkets work - but for all finance.

                                                                                  I'm not saying that the entire traditional finance sector will disappear, but it will all be hollowed out. I don't think the concepts though, or the ambition is all that crazy. Its very reasonable and there's a strong cost incentive and benefit incentive. It will also allow fairer access to finance.
                                                                                  I think our question relates to the issuance of currency.

                                                                                  Is that something that governments and their central banks will allow to be subsumed by non-state actors? i.e. that whole concept of 'legal tender' could become replaced by just 'tender'.
                                                                                  Last edited by Raoul Duke III; 13-05-21, 17:29.
                                                                                  "We are not Europeans. Those people on the continent are freaks."

                                                                                  Comment


                                                                                    Originally posted by Solksjaer! View Post

                                                                                    . There are few of us verile types left in this gender confused world. These 27 year olds have needs you know and standards are dropping all the time . It's a perfect storm
                                                                                    I like that Benny used a specific age. There's something going on there that he ain't telling us.
                                                                                    "We are not Europeans. Those people on the continent are freaks."

                                                                                    Comment


                                                                                      Originally posted by Raoul Duke III View Post

                                                                                      I like that Benny used a specific age. There's something going on there that he ain't telling us.
                                                                                      The 27 club .

                                                                                      Comment


                                                                                        Originally posted by Raoul Duke III View Post

                                                                                        I think our question relates to the issuance of currency.

                                                                                        Is that something that governments and their central banks will allow to be subsumed by non-state actors? i.e. that whole concept of 'legal tender' could become replaced by just 'tender'.
                                                                                        I think its a thing that will happen anyway, so the issue will be about finding some way of working with it.
                                                                                        "We're not f*cking Burundi" - Big Phil

                                                                                        Comment


                                                                                          Originally posted by Hitchhiker's Guide To... View Post
                                                                                          Belarmine is shocking planning tbh. A fresh store, a bakery, a pizza shop, and then fuck off. They really need to design these places to have some spaces for e.g. markets, more random shops, as that's where a lot of the personality of a place lies. It still though has a nice modern pleasant feel to it, so obviously everyone is happy there. We visited there loads due to it being in the 5km and the base of the Dublin mountains.

                                                                                          Poor Stepaside is the ugly cousin that shows what happens when places like Belarmine go wrong. Loads of apartments, loads sprouting Irish flags now (a new style of warning sign), and all they got was a freaking centra. You've really been fucked over when all you have is a centra. Wasn't even any seats there where you could consider it a community. Just roads, houses, and a centra.
                                                                                          Don't forget about pitch & putt courses! Stepaside is definitely not lagging behind when it comes to number of pitch & putt courses per head of population!

                                                                                          Comment


                                                                                            Originally posted by Hitchhiker's Guide To... View Post

                                                                                            I think its a thing that will happen anyway, so the issue will be about finding some way of working with it.
                                                                                            Really? You think central authorities will just say 'fuck it, never mind our fiat currency that underpins our entire financial system, go use whatever Crypto floats your boat. Tomorrow's government bond issue will be denominated in Dogecoin.'?

                                                                                            Might as well decentralise laws while we're at it.

                                                                                            (Exaggerating for effect but you see the point)
                                                                                            "We are not Europeans. Those people on the continent are freaks."

                                                                                            Comment


                                                                                              Originally posted by ionapaul View Post

                                                                                              Don't forget about pitch & putt courses! Stepaside is definitely not lagging behind when it comes to number of pitch & putt courses per head of population!
                                                                                              Do you claim The Scalp too? Or does Kilternan own that?

                                                                                              That name always fascinated me as a kid.
                                                                                              "We are not Europeans. Those people on the continent are freaks."

                                                                                              Comment


                                                                                                Originally posted by Raoul Duke III View Post

                                                                                                Really? You think central authorities will just say 'fuck it, never mind our fiat currency that underpins our entire financial system, go use whatever Crypto floats your boat. Tomorrow's government bond issue will be denominated in Dogecoin.'?

                                                                                                Might as well decentralise laws while we're at it.

                                                                                                (Exaggerating for effect but you see the point)
                                                                                                I think it already has happened. There's global somewhat decentralised stock markets, why not cash. I wonder if fiat currency really does underpin our entire financial system?
                                                                                                "We're not f*cking Burundi" - Big Phil

                                                                                                Comment


                                                                                                  Originally posted by Raoul Duke III View Post

                                                                                                  I think our question relates to the issuance of currency.

                                                                                                  Is that something that governments and their central banks will allow to be subsumed by non-state actors? i.e. that whole concept of 'legal tender' could become replaced by just 'tender'.
                                                                                                  You mean like most eu countries moving to one currency to make trade easier - it’s surely inevitable

                                                                                                  Comment


                                                                                                    Originally posted by RichieM View Post

                                                                                                    You mean like most eu countries moving to one currency to make trade easier - it’s surely inevitable
                                                                                                    Those EU countries created a centralised authority, the ECB. The Euro is a fiat currency, just one where a group of (already legally tightly bound) countries have agreed a pan-national approach.

                                                                                                    Very different to crypto.
                                                                                                    "We are not Europeans. Those people on the continent are freaks."

                                                                                                    Comment


                                                                                                      Originally posted by Hitchhiker's Guide To... View Post

                                                                                                      I think it already has happened. There's global somewhat decentralised stock markets, why not cash. I wonder if fiat currency really does underpin our entire financial system?
                                                                                                      What is your wealth denominated in, transactions undertaken in, legal contracts etc?

                                                                                                      The business of issuing and regulating money itself is a government monopoly. I can't see them giving that up.
                                                                                                      "We are not Europeans. Those people on the continent are freaks."

                                                                                                      Comment


                                                                                                        Originally posted by Raoul Duke III View Post

                                                                                                        What is your wealth denominated in, transactions undertaken in, legal contracts etc?

                                                                                                        The business of issuing and regulating money itself is a government monopoly. I can't see them giving that up.
                                                                                                        us

                                                                                                        Comment


                                                                                                          I guess thinking about it some more, the fundamental question is do we want a stable secure monetary system that underpins our economy (yes - we've seen enough examples of what happens when you don't have this: Weimar, Zimbabwe, Argentina etc)?

                                                                                                          And if that is a valid objective (it is), then what kind of framework do you need in place to guarantee that? It's so fundamental to the functioning of your economic system that I think governmental authority and regulation is key. Maybe I am just a dinosaur.

                                                                                                          bR7esdFx.png
                                                                                                          "We are not Europeans. Those people on the continent are freaks."

                                                                                                          Comment


                                                                                                            Originally posted by Hitchhiker's Guide To... View Post
                                                                                                            Belarmine is shocking planning tbh. A fresh store, a bakery, a pizza shop, and then fuck off. They really need to design these places to have some spaces for e.g. markets, more random shops, as that's where a lot of the personality of a place lies. It still though has a nice modern pleasant feel to it, so obviously everyone is happy there. We visited there loads due to it being in the 5km and the base of the Dublin mountains.

                                                                                                            Poor Stepaside is the ugly cousin that shows what happens when places like Belarmine go wrong. Loads of apartments, loads sprouting Irish flags now (a new style of warning sign), and all they got was a freaking centra. You've really been fucked over when all you have is a centra. Wasn't even any seats there where you could consider it a community. Just roads, houses, and a centra.
                                                                                                            It’s one thing that’s really struck me since moving here tbh. The planning and design around community is incredible.

                                                                                                            every barrio (neighbourhood) has a selection of local shops. Take ours, on our street alone we have a garage, 6 local bars, a tobacconists, a bathroom store, a newsagents, 2 bakeries 2 barbers, 1 hairstylists, 2 pharmacies a butchers and a greengrocer.

                                                                                                            one street over we have a supermarket, another butcher, a bazaar, 2 more bakeries, beauty salon, physio, full public funded gym/swimming pool, a sandwich shop, another bar, an optician and a health centre, one street over in the other direction and we have 3 banks, a metro, a few more bars, barbers, asian supermarket, bakery etc.

                                                                                                            this is repeated throughout the city. Every neighbourhhod has these facilties. On top of that, every neighborhood has parks, dog parks, kids play areas, baskteball courts, 5-a-side concrete football pitches. There are of course issues and plenty of them, but the community layouts really work.
                                                                                                            Join the IPB Fantasy Football League 19/20

                                                                                                            http://www.irishpokerboards.com/foru...88#post1104188

                                                                                                            Comment


                                                                                                              Originally posted by Emmet View Post

                                                                                                              Paper money has been on the way out (In the 'connected world') for decades - cryptocurrencies are not a replacement, we already have electronic transactions and have done (for decades). RFID has been a larger catalyst by orders of magnitude than cryptos in the reduction of the paper money transaction rate cardinally and electronic bank transfers already dwarfed it notionally.

                                                                                                              "Centralised Finance" - what does this mean? I can understand what "decentralised finance" means as a moniker for using distributed systems to administer authorisation of transactions, but it doesn't have a well defined antonym. "Decentralised finance" just means that the authority used to transact is not vested anywhere specifically, and barriers to becoming authoritative are aimed to be minimised. Is "Centralised Finance" the opposite of this? What is that opposite? And is that opposite what exists today, or is it a straw man that gets beaten up mercilessly for no reason?

                                                                                                              Be sceptical of the beansellers, for their beans may not be what you are looking for, and it is in their interest to convince you otherwise.
                                                                                                              I'm always amazed at how people here have such strong opinions on subjects they know very little about - in fact they can't even describe what they are complaining about.

                                                                                                              Both centralised finance and de-centralised finance are exact terms that mean something. I'll quote from research the St Louis Fed published recently:

                                                                                                              "The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain derivatives, and on-chain asset management protocols. I conclude that DeFi still is a niche market with certain risks but that it also has interesting properties in terms of efficiency, transparency, accessibility, and composability. As such, DeFi may potentially contribute to a more robust and transparent financial infrastructure.The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain derivatives, and on-chain asset management protocols. I conclude that DeFi still is a niche market with certain risks but that it also has interesting properties in terms of efficiency, transparency, accessibility, and composability. As such, DeFi may potentially contribute to a more robust and transparent financial infrastructure."

                                                                                                              The entire article is here, and worth reading https://research.stlouisfed.org/publ...2-e2bf29ec662c

                                                                                                              It goes into a lot of detail, so just skip to the end if you want an overview.





                                                                                                              Comment


                                                                                                                Also defi works perfectly well with Fiat currencies, they aren't mutually exclusive

                                                                                                                Comment


                                                                                                                  Originally posted by Hectorjelly View Post

                                                                                                                  I'm always amazed at how people here have such strong opinions on subjects they know very little about - in fact they can't even describe what they are complaining about.

                                                                                                                  Who is complaining?
                                                                                                                  “Blessed are the forgetful, for they get the better even of their blunders.”

                                                                                                                  Comment


                                                                                                                    Originally posted by Hectorjelly View Post

                                                                                                                    I'm always amazed at how people here have such strong opinions on subjects they know very little about - in fact they can't even describe what they are complaining about.

                                                                                                                    Both centralised finance and de-centralised finance are exact terms that mean something. I'll quote from research the St Louis Fed published recently:

                                                                                                                    "The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way.



                                                                                                                    Good LOL at the idea of locking the concept of decentralised finance to Etherium...

                                                                                                                    "When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less." "The question is," said Alice, "whether you can make words mean so many different things." "The question is," said Humpty Dumpty, "which is to be master—that's all."

                                                                                                                    Also LOL @ Emmett knowing very little about finance.


                                                                                                                    When you are at it did you ever get around to answering the question I asked you to explain the difference between an NFT and an EFT e.g. a card payment transaction beyond whether the record is held in a public or a private ledger?
                                                                                                                    Last edited by Strewelpeter; 13-05-21, 22:40.
                                                                                                                    Turning millions into thousands

                                                                                                                    Comment


                                                                                                                      Anyone been travelling to the UK recently? what do you need in terms of covid to fly in and out these days?

                                                                                                                      If I'm reading it right you can arrive in the UK and go about your business without any documentation but returning to Ireland requires a clear PCR test and 14 days quarantine regardless of your vaccination status?
                                                                                                                      Turning millions into thousands

                                                                                                                      Comment


                                                                                                                        Originally posted by Goodluck2me View Post


                                                                                                                        Hectorjelly what do you make of Tesla’s decision to stop allowing Bitcoin due to ESG concerns?
                                                                                                                        Mainly Elon's going to Elon.

                                                                                                                        There's no doubting the environmental meme is strong though, at this stage whether it's true or not is neither here nor there - and Tesla can't afford to endanger the ESG crowd or subsidies.

                                                                                                                        I have two good friends, one owns a Tesla, has made a fortune with Tesla shares and believes Elon is a visionary who will take us to mars. The other hates him, thinks Tesla is a fraud and has lost a lot of money shorting Tesla. I must try and arrange a meeting between them.

                                                                                                                        Comment


                                                                                                                          Originally posted by Strewelpeter View Post

                                                                                                                          Good LOL at the idea of locking the concept of decentralised finance to Etherium...

                                                                                                                          "When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less." "The question is," said Alice, "whether you can make words mean so many different things." "The question is," said Humpty Dumpty, "which is to be master—that's all."
                                                                                                                          You should let the Fed know of your thoughts, I'm sure they would be very glad for your input.

                                                                                                                          Comment

                                                                                                                          Working...
                                                                                                                          X