January LC Thread **Survivor White House Edition** - Page 38 - Politics and Economics

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January LC Thread **Survivor White House Edition**

View Poll Results: Who will NOT survive the month of January?

Jefferson Beauregard Sessions III

11 22.45%

John Kelly

2 4.08%

Sarah Huckabee Sanders

0 0%

Rex Tillerson

9 18.37%

Jared Kushner

11 22.45%

Hope Hicks

2 4.08%

Gary Cohn

4 8.16%

Ryan Zinke

2 4.08%

Rod Rosenstein

5 10.20%

Write-in

3 6.12%

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01-15-2018 , 04:39 AM

#926

simplicitus

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 10,840

https://twitter.com/KHOLMESlive/stat...21202270711809

Definitely under 100. Hard to get up to that on side streets.

01-15-2018 , 09:47 AM

#927

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Quote:

Originally Posted by goofyballer

Everyone Is Getting Hilariously Rich and You’re Not

While this is specifically about bitcoin millionaires it feels like this title really captures the world at large right now

Quote:

He wears a bracelet from his Burning Man camp (Mayan Warrior) and a necklace that is a key on a chain. “I was given this necklace and was told my net worth would go up, and it’s gone up six x since then,” he said.

Nuke every single person in that article from orbit except maybe the poor house-cleaning woman who's gonna get fleeced.

Quote:

“It’s the entire world reorganizing itself,” Mr. Fickel said. “We could get rid of our armies because for the first time you’ll have people saying, ‘I want to vote for a global order.’ It’s the internet waking up — it’s the internet grabbing its pitchfork. That’s the blockchain.”

Yeah dude - governments with tanks and fighter jets are just gonna sit by and let that happen.

01-15-2018 , 10:04 AM

#928

stinkubus

Pooh-Bah

Join Date: Jan 2012 Posts: 4,422

The title alone is a farce. Wealth has been concentrated, globally, in fewer and fewer hands for at least the past two generations. "Everyone" are not getting rich.

01-15-2018 , 10:54 AM

#929

FlyWf

It's the other way

Join Date: Apr 2004 Posts: 58,097

I don't even understand what threat to the global order they think bitcoin poses, it's all meaningless buzzwords. It's a anonymously transmittable online asset.

01-15-2018 , 11:06 AM

#930

Trolly McTrollson

Carpal \'Tunnel

Join Date: Oct 2010 Posts: 36,711

At the bedrock core of Bitcoinmania it all boils down to crackpot grievances about the Federal Reserve and inflation, which is why it attracts so many of the libertarian goldbug types. Hence the fascination with tearing down the (((global order))).

01-15-2018 , 11:09 AM

#931

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,478

Just read that the winklevoss twins are bitcoin billionaires, that pushes me from the "don't care bout bitcoin" camp to the "hope it crashes hard" camp

01-15-2018 , 11:35 AM

#932

BOIDS

Carpal \'Tunnel

Join Date: Apr 2017 Posts: 13,791

they are bitcoin billionaires until the point at which they sell 2% of their bitcoin holding over the course of a week and the price drops by 40%

and then they are bitcoin millionaires

01-15-2018 , 11:44 AM

#933

spidercrab

veteran

Join Date: Jun 2013 Posts: 3,206

Quote:

Originally Posted by goofyballer

Everyone Is Getting Hilariously Rich and You’re Not

While this is specifically about bitcoin millionaires it feels like this title really captures the world at large right now

This story is amazing. Hard to pick out the best part, but this was good:

Quote:

Mr. Hummer went out to meet Joe Buttram, 27, for drinks. As a mixed martial arts fighter, Mr. Buttram said he would fight for a couple hundred bucks, sometimes a few thousand, and worked security at a start-up, but his main hobbies were reading 4chan and buying vintage pornography, passions that exposed him to cryptocurrency.

He said his holdings are into double-digit millions but wouldn’t give specifics other than to say he’d quit his job and is starting a hedge fund. There’s a common paranoia among the crypto-wealthy that they’ll be targeted and robbed since there’s no bank securing the money, so many are obsessively secretive. Many say even their parents don’t know how much they’ve made. This also allows people to pretend to be wealthier than they are, of course.

I don't know how many people here were around for the dotcom boom/bust, but this seems to be perfectly mirroring that era. Like, Long Island Tea changing its name to Long Bitcoin? Just a ripoff of firms adding dotcom to their name. It was even studied by academics in the most prestigious journals:

Cooper, Michael J., Orlin Dimitrov, and P. Raghavendra Rau. 2001. “A Rose.Com by Any Other Name.” The Journal of Finance 56(6): 2371–88.

Quote:

We document a striking positive stock price reaction to the announcement of corporate name changes to Internet-related dotcom names. This “dotcom” effect produces cumulative abnormal returns on the order of 74 percent for the 10 days surrounding the announcement day. The effect does not appear to be transitory; there is no evidence of a postannouncement negative drift. The announcement day effect is also similar across all firms, regardless of the firm's level of involvement with the Internet. A mere association with the Internet seems enough to provide a firm with a large and permanent value increase.

On top of generating a ton of ill-deserving millionaires, the dotcom bubble generated an enormous number of terrible research papers, and I assume alt currencies are going to do something similar.

01-15-2018 , 12:27 PM

#934

dth123451

Carpal \'Tunnel

Join Date: Jul 2012 Posts: 15,502

I take solace in the fact that these morons are way too stupid to ever hang on to the dough. Even if they by some miracle cash in before the crash, they'll inevitably pump it into the next big thing and be broke in short order.

01-15-2018 , 12:46 PM

#935

tomdemaine

Just tries harder

Join Date: Feb 2005 Posts: 20,065

Will 2018 finally be the year that 'rich = smart' is exorcised from the american public consciousness? How much more evidence do you need?

01-15-2018 , 01:04 PM

#936

Max Cut

Guest

Posts: n/a

that bus... phew

01-15-2018 , 01:57 PM

#937

otatop

Carpal \'Tunnel

Join Date: Jul 2008 Posts: 12,721

Quote:

Originally Posted by tomdemaine

Will 2018 finally be the year that 'rich = smart' is exorcised from the american public consciousness?

That idea is America to the core, it'll never go away. At best we might get some people to admit that some rich people are dumb but the default assumption will always and forever be that if you're rich, you got there by being smart.

01-15-2018 , 02:02 PM

#938

Namath12

Carpal \'Tunnel

Join Date: Jan 2011 Posts: 55,849

It's just unreal to me that this country is breaking families up like this

01-15-2018 , 02:07 PM

#939

otatop

Carpal \'Tunnel

Join Date: Jul 2008 Posts: 12,721

It's sickening, punishing a guy 30 years after his "crime" of being brought here illegally by his parents, while he's presumably spent the last 20+ years working and contributing, literally making America great.

01-15-2018 , 02:07 PM

#940

Johnny Truant

Carpal \'Tunnel

Join Date: Mar 2014 Posts: 8,058

Yeah, I'm hating. So what?

01-15-2018 , 02:17 PM

#941

Max Cut

Guest

Posts: n/a

Quote:

Originally Posted by Namath12

It's just unreal to me that this country is breaking families up like this

Besides the fact that it makes me want to literally cry, it's just so unbelievably stupid.

01-15-2018 , 02:22 PM

#942

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

Quote:

Originally Posted by microbet

https://www.voanews.com/a/supreme-co...r/3906556.html

Chevron pollutes. Ecuador gets a $8.6B court award. SCOTUS says Chevron doesn't have to pay. Stuff like that.

Maybe they just keep Assange because it pisses us off.

They're big on saying Your Couch Empire, rightfully so unlike Rick James. There were some fire tweets awhile back.

Last edited by 6ix; 01-15-2018 at 02:28 PM.

01-15-2018 , 02:26 PM

#943

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

Quote:

Originally Posted by TheMadcap

Well they are both wrong. Just different degrees of wrong.

The correct answer is hating the bad things that people do. This doesn’t require hating the people who do those things.

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p.s. KKKKKKKKKKKKKKKKKIIIIIINNNNNNNNNGGGG SSSSSSSSSSSSSSHHHHHHHHHHHHHHHHHIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIITTTTTTTTTTTTTTTTTTTTTTTTTTTT

01-15-2018 , 02:53 PM

#944

Loki

binary duo

Join Date: Nov 2015 Posts: 12,772

So he "broke the law" thirty years ago. Is there no statute of limitations on this?

01-15-2018 , 03:04 PM

#945

Namath12

Carpal \'Tunnel

Join Date: Jan 2011 Posts: 55,849

Quote:

Originally Posted by Loki

So he "broke the law" thirty years ago. Is there no statute of limitations on this?

And can a 10-year-old even "break the law" in this way?

01-15-2018 , 03:06 PM

#946

Loki

binary duo

Join Date: Nov 2015 Posts: 12,772

I guess things like that probably only apply to American citizens, I dunno.

01-15-2018 , 03:17 PM

#947

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

Quote:

Originally Posted by Trolly McTrollson

I've said it before but everybody should follow the intraright squabbles over cryptocurrency. The BFI threads are merely a small taste.

Quote:

Originally Posted by tomdemaine

Will 2018 finally be the year that 'rich = smart' is exorcised from the american public consciousness? How much more evidence do you need?

Some of them realize it deep down inside:

Quote:

Originally Posted by that article

A few weeks after we first met, as the Bitcoin price exploded in December, Mr. Gardner seemed shaken. People had begun making pilgrimages to the Crypto Castle, knocking on the door, hoping Mr. Gardner could help them invest.

“Nothing feels real, it doesn’t feel real,” he said. “I’m ready for crypto assets to go down 90 percent. I’ll feel better then, I think. This has been too insane.”

01-15-2018 , 03:40 PM

#948

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

Quote:

Originally Posted by BOIDS

they are bitcoin billionaires until the point at which they sell 2% of their bitcoin holding over the course of a week and the price drops by 40%

and then they are bitcoin millionaires

Quote:

Originally Posted by dth123451

They already did cash in/out but that's an important point to realize.

"Everybody said I was dumb for buying $1k of bitcoins when they were worth 10c but now they're worth $15k, I am smart and worthy." And it's like, yeah uh maybe but the only reason you're actually rich and not paper rich is because you sold the majority at various points well below $15k, you do grasp the significance of that, right?

01-15-2018 , 03:49 PM

#949

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,478

That dude who will feel better when crypto drops 90% is nuts. Why not sell everything then buy again after and if it drops 90%??? I

01-15-2018 , 04:36 PM

#950

pvn

Guest

Posts: n/a

Quote:

Originally Posted by suzzer99

Stay classy bro

lol, yeah bro, "more people would like TRUMP if he didn't have repulsive political opinions AND the power to make them real" is like, nobel-prize-level thinking.

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