Jeff Matthews
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Posts posted by Jeff Matthews
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5 minutes ago, CECAA850 said:
My company.
Corporation or LLC?
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3 minutes ago, CECAA850 said:
I wondered where you've bern Jeff. Good to hear from you.
For some reason, everyone seems to be getting along around here. Am I missing something?
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3 hours ago, CECAA850 said:
Has Voxx improved Klipsch electronics?
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.
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1 minute ago, Schu said:
it is absolutely true... the only reason any asset including gold, real estate or functioning corporation has value is because people have belief in the fact that it has value.
I think you do not fully understand what bitcoin is (obviously) because we need to have this level of conversation about it's validity... if we can accept that it is valid (like most ALL financial experts do), then we can move onto more reasonable discussions about the Coin.
I already agreed it had value. I just believe that its value is too unstable to predict whether I can profit from it.
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1 minute ago, BigStewMan said:
but that value isn't intrinsically ... it's value comes from what others are willing to pay for it or what it produces. That's why there is no such thing as a bad deal ... if I'm willing to sell something for a certain price and you're willing to pay that price ... it was a fair deal.
At the moment, but not necessarily as an investment.
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2 minutes ago, Schu said:
that is true of ANY asset... specially the 'not so special' precious metals.
Not correct. Many assets that are acquired for investment purposes either produce something or can be used to produce something useful.
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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?
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4 minutes ago, Schu said:
dont use yahoo for financial information... jesus.
serendipity at best.
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?
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8 minutes ago, geoff. said:
If you can’t beat ‘em, join ‘em.
What happens when “real” banks start issuing their own crypto currency?
What happened when Dogecoin was created as a joke?
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1 hour ago, Schu said:
HERE is the reason for the momentary dump... it was a move to crush the leverage traders long positions. those leverage traders lost more than 3 billion in leverage and was the biggest wrecking in the history of the crypto space... bitcoin is fine and strong.
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."
Once government controls the flow, the product is as useless/useful as a dollar, and the game is over (IMO).
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13 minutes ago, geoff. said:
Once again I will ask this question.
If bitcoin is such a sure thing, and there are only the coins left to be mined to be bought as new.
Who is selling such a sure thing?
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.
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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.
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There's so many of them, now. Why not Poody-toin?
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11 minutes ago, Schu said:
bitcoin isn't meant to be a 'medium of exchange'... it may have initially been designed as a decentralized payment system, but it isn't that any longer..
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."
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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.
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Saw him perform live on PBS. I was surprised and how good the band was. Not a garage and at all.
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I've seen other Chicago covers by them. They really are spectacular!
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... and you do the Hokey-Pokey and you turn yourself around.
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What an odd conversation to erupt in an argument. You'd think they were married or something...
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5 hours ago, Ceptorman said:
Yes, I can only imagine being there under a pandemic, new job, 2200 miles from my family.
Plus, money's all good until you let getting it interfere with your life.
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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.
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1 minute ago, JL Sargent said:
Sometime after that, you might get that Letter of Testamentary if our Probate Judge is so inclined to oblige.
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.
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1 minute ago, Zen Traveler said:
Look at how much we spend on our military and humanitarian efforts that are also non income-producing.
I think hegemony produces real value which is substantial but hard to quantify. Vacant shopping malls, not so much.
SYNTHETIC MEAT
in Lounge
Posted
I tried the Incredible Whopper. It was good! I couldn't tell it was not beef. It's possible that if I compared both at the same time, I might be able to discern something. Regardless, the Impossible Whopper was every bit as enjoyable as the Whopper.