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To: palmer

Oh they can dictate critical mining mass quite easily. I’ve been in the regional server room of a major bank, if they decided it’s time for a particular CC to hit critical mass it will.

Actually I’m leveraging that list. The banks made some of that list. This idea that it’s all kids is frankly hokum. Kodak is in. Big tobacco is in. Some of the vape companies have pivoted. Digital Power created a mining division. The kids have been outbid, they aren’t running the game anymore.

CC isn’t natural gas. The second C is currency. Banks have been profiting on the buying and selling of currency for hundred of years. It’s not a new commodity, your answer is wrong. Of course even if it was, banks play in the commodities markets too. They buy and sell EVERYTHING we buy and sell. Because, when push comes to shove, banks are in the money business. They have a bunch of money, and they use it to make more. And there just aren’t enough loans out there to churn all that money, they churn is it by buying things. Money, stocks, commodities, real estate, bonds. Put CC in whichever of those categories you want, banks already buy and sell it.


60 posted on 02/04/2018 3:12:36 PM PST by discostu (Lick here [ ] you might be one of the lucky 25.)
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To: discostu
I’ve been in the regional server room of a major bank, if they decided it’s time for a particular CC to hit critical mass it will.

I've spent many days working/shivering in server rooms (not banks, but who cares) I know what servers do and what they don't do. They don't have graphics cards attached. I am glad you are leveraging that list and glad you posted it. I have been using other lists that are not as comprehensive or organized.

This idea that it’s all kids is frankly hokum. Kodak is in. Big tobacco is in. Some of the vape companies have pivoted. Digital Power created a mining division. The kids have been outbid, they aren’t running the game anymore.

I'm surprised you didn't mention power utilities. They can replace dump loads with variable money generators and get a more stable grid. I had not heard of DIgital Power but from a quick read they strike me as similar to some CC VCs in philosophy.

You have to admit though the main use of money by banks is lending. There's currently a problem with CC in that they can't be lent out for productive use unlike real money. But that is changing, and I'm sure banks will get in on that. But that mainly applies to the top 10-20 in your list like everything else the new speculative money will be made or lost in the other 1480. But here's the thing: the kids don't need to lose any money because they don't need to spend anything to get in. They get free electricity in their dorms and all they need is a graphics card.

Perhaps you believe that the banks are on the threads manipulating the kids into mining their brand new CCs. Possible. But the threads are full of people on the lookout for exactly that. Alternatively you think the banks have stocked their server rooms with graphics cards and use those cards on CCs outside of the top 10-20 or brand new ones. I kind of doubt that. But if they are that's a pleasant surprise because it will validate the business case for the kids.

61 posted on 02/04/2018 3:34:39 PM PST by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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