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Jeff Matthews

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Everything posted by Jeff Matthews

  1. For some reason, everyone seems to be getting along around here. Am I missing something?
  2. Yes, if by "improved," you mean it helped the company make bucks. We old geezers refuse to realize that big box speakers are a pimple on an elephant's arse when it comes to the market for audio. I don't know, but I have a hunch that Klipsch is only alive because it moved to computer speakers, earbuds and car audio.
  3. I already agreed it had value. I just believe that its value is too unstable to predict whether I can profit from it.
  4. At the moment, but not necessarily as an investment.
  5. Not correct. Many assets that are acquired for investment purposes either produce something or can be used to produce something useful.
  6. The interesting thing about crypto is that it is perfectly legal to create counterfeits using the open source code. How can the value of a dollar be sustained when counterfeiting is legal?
  7. If you can create a cryptocurrency in 3 hours, why would you buy Bitcoin at $60k? Is there something special about its being "the original" cryptocurrency? You've got Doge going up 4,000% in a month or so. Why wouldn't people be bailing out of BTC big-time to go into Doge? Or Ethereum? Or Poody-toin?
  8. What happened when Dogecoin was created as a joke?
  9. Compare to this: "The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital assets." Source: https://finance.yahoo.com/news/bitcoin-price-sunday-18-april-us-treasury-digital-assets-ethereum-litecoin-coinbase-doge-094926937.html Once government controls the flow, the product is as useless/useful as a dollar, and the game is over (IMO).
  10. That's a rhetorical question. Everyone dies in the long run. I'm not into Bitcoin, but I sure wish I bought a few grand worth 10 years ago... back when people were likewise claiming how great it would be.
  11. https://www.cnet.com/news/dogecoin-the-meme-that-somehow-became-a-real-cryptocurrency/#:~:text=Dogecoin is a cryptocurrency%2C a,Bitcoin is ground-breaking. From the creator of Dogecoin: "Dogecoin," says Markus, "from 'that seems like it's funny' to actually doing it, took about three hours. It's almost trivial to create a new cryptocurrency." It was a find-and-replace job. Ctrl+F 'Bitcoin,' replace with 'Dogecoin.' Markus freely admits to finding large chunks of bitcoin's source code completely incomprehensible, but knew enough to change a few core elements for Dogecoin. For example, Markus created 100 billion dogecoins (as opposed to bitcoin's 21 million) and made them easier to mine. (Dogecoin is already close to being mined out, while bitcoin's final coin will be mined in 2140.) He changed the font (to comic sans of course) and changed every mention of the word 'mine' to 'dig' (because dogs don't mine, they dig...). And then, during his lunch break, Markus set Dogecoin live. "Cryptocurrency is a solution in search of a problem," he says. What problem did Dogecoin solve? "I don't think it solves anything," he says. "If anything, it exists as an educational tool. It's a reminder that we can't take this stuff seriously.
  12. There's so many of them, now. Why not Poody-toin?
  13. Right. "Currency" is a misnomer. Now, it's just a concept to which people have acribed value. It's really interesting. When it was a loophole to be used to export wealth from nations like China, I could see a purpose. Now that the loophole is closed, I wonder what its purpose is - other than "to grow in value."
  14. https://www.bloomberg.com/news/articles/2021-04-18/bitcoin-falls-as-much-as-15-biggest-intraday-drop-since-feb?utm_source=url_link It's this kind of volatility that makes Bitcoin unsuitable as a medium of exchange. Sure, it might go up, up and away over the longer term, but you can't count on it tomorrow morning. If you need to buy a new car tomorrow, or close on a house, or loan a family member a chunk of dough, you're at the mercy of a fickle market.
  15. Saw him perform live on PBS. I was surprised and how good the band was. Not a garage and at all.
  16. I've seen other Chicago covers by them. They really are spectacular!
  17. ... and you do the Hokey-Pokey and you turn yourself around.
  18. What an odd conversation to erupt in an argument. You'd think they were married or something...
  19. Plus, money's all good until you let getting it interfere with your life.
  20. No, but the Adcom 555 sure sounds familiar. My friend years ago in the 1990's bought a new Adcom, and I think it might have been a 555. It was a stout amp. While still under warranty, it had (transformer/power supply?) issues, and I forgot how it was resolved - I think with a replacement amp of the same model. I don't know if the problem was a one-off or not, but I will confirm it was a very stout amp. He drove Klipsch Chorus I's with it.
  21. Sweet Home Alabama! That's too bad. There's really no need for it to take that long - at least that's what we think in Texas.
  22. I think hegemony produces real value which is substantial but hard to quantify. Vacant shopping malls, not so much.
  23. Right! They've built entire ghost cities capable of housing 2 million people, and they just sit there empty. Can you imagine that? Non income-producing, depreciating real estate as an investment? It's really bizarre, and I think it's destined to fail.
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