Jurgis

Happy holidays to everyone! 8)

Theodora accepts your tribute slave! https://www.marketwatch.com/story/this-professional-dominatrix-made-men-mine-1-million-in-cryptocurrency-for-her-2017-12-20?mod=mw_share_twitter

Anyone has full WSJ article?

Who is Sham Gad and what is PGNT? Anyone has a story or a writeup?

Charlie Munger? Who is that Charlie Munger fellow? He's an old codger who doesn't know crap. Didn't you hear him diss VRX? And how did that end? Would you trust him after this? .... .... oh wait... ::)

This is just LOL: https://status.coinbase.com/ Just shut up and don't take my money? ::)

Thanks for idea writser! 8) Sold today for lunch money. It's amazing that this was at 11.6X just couple days ago...

It's the best idea anyone had so far. It's the proof-of-work! You have to show that you have worked out with your block and chain or you cannot buy your iced tea (or Coke!). This is absolutely f*king brilliant. http://i2.wp.com/cryptorials.io/wp-content/uploads/2015/08/shut-up-and-take-my-bitcoin.jpg

Proof of work is likely not scalable. Possible solutions: 1. Keep proof of work, but optimize everything you can try to optimize: efficiency, block size (increase), side channels, etc. This could work. It's likely to be cumbersome and it may lead to other drawbacks (loss of security?, bigger/slower transactions?). 2. Figure out blockchain without proof of work. There are people working on this. This might be a solution. Will this be implemented? Will it be as secure as proof of work solution? Will it be accepted? News in couple years! 8)

Power Denmark or mine bitcoin? ::) Who cares about Denmark! ;D https://www.washingtonpost.com/news/energy-environment/wp/2017/12/19/why-the-bitcoin-craze-is-using-up-so-much-energy/?utm_term=.84fcb47ec3aa

If you're in Saudi Arabia maybe you get house arrest in Ritz Carlton... as a first step... ::)

Just buy coal! https://www.bloomberg.com/news/articles/2017-12-15/turning-coal-into-bitcoin-dirty-secret-of-2017-s-hottest-market

:'(

That's why you should buy all cryptokitties instead. Then you have the greatest cryptop.... kitty harem in the world! 8)

Why world gdp? I'm sure the interstellar object that just visited us was here to buy bitcoin for Vegans. After all there's only 21mln bitcoins available IN THE WHOLE GALAXY (actually in the whole UNIVERSE!)! Buy them before aliens show up and slurp up all the liquidity!

Amurhica and Great Brexitan are kapitalist countries. Stop advocating vorkers rights, gobirment rules and union socialism here. We don't need no stinking OSHA in Great Amuhrika! Fair enough, fair enough! Think about this though...if a company is willing to treat it's workers like this...what would they be willing to do to their shareholders? What would they do to their customers? What would they do to their business associates (suppliers)? I was told on this forum in no uncertain terms that companies have no obligations to their workers. Perhaps the people who said that can also tell about company obligations to their suppliers... ::)

Amurhica and Great Brexitan are kapitalist countries. Stop advocating vorkers rights, gobirment rules and union socialism here. We don't need no stinking OSHA in Great Amuhrika!

https://www.bloomberg.com/news/articles/2017-12-14/bitcoin-points-way-to-massive-change-for-commodity-businesses I have couple questions for blockchain/crypto experts: 1. When these companies are talking about using blockchain for trading physical commodities or for land register, what underlying blockchain are they planning to use? I would assume they are not building this on top of Bitcoin blockchain, are they? Are they using blockchain of one of the public cryptos or deploying their own? 2. Assuming they are using their own blockchain, how is security achieved? I doubt that proof-of-work security works for small/private crypto setups. Are then they using something else? Just relying on single trusted authority (but then why use blockchain)? 3. Why not use DBs? For simplicity, let's assume transaction write-once journaling DB which is pretty much the same as blockchain except not distributed. Especially in the case of crop land registry in Ukraine, I don't see how blockchain can prevent fraud any more than such DB. What are scenarios where blockchain prevents fraud and centralized DB doesn't? Corrupt bureaucrat transferring your land to someone else by changing DB without your knowledge? How would they do that if DB required your authorization/code/password? Hacking? Why hacking DB would be easier than hacking blockchain (also see question2 regarding how the heck you achieve blockchain security on own blockchain)? Edit: This https://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable and https://en.wikipedia.org/wiki/Blockchain answer most of the questions above (if you read through and think a bit...coin ;D)

Assuming DIS integrates FOX well, both DISCA and LBTYA will have a bigger competitor...

Have you read about Chinese Citizen Score: https://www.computerworld.com/article/2990203/security/aclu-orwellian-citizen-score-chinas-credit-score-system-is-a-warning-for-americans.html BTW, it is presumably used even for dating sites. "Bad citizen! No dates for you!" :-X

LOL. You haven't seen Landover Baptist before? 8) No. Is this real? After seeing that thread on their board, I didn't care to learn more about their god. No, this is not real. LMGTFY: https://en.wikipedia.org/wiki/Landover_Baptist_Church Bible quotes there might be mostly real, but you should check your bible first. 8)

LOL. You haven't seen Landover Baptist before? 8)

The flipside argument is that when billions of $ are on the line, nothing is off limits when it comes to personal lives. Sounds like a faustian bargain, if there ever was one. I said should as I'd hope people have some personal ethics in these sorts of things. Personal ethics goes out of the window way below $ billions... :-\

They appointed some guy as chairman of board:

I have been thinking a bit about your stance on this, Jurgis. I have seen on your blog that you have a large chunk of your capital allocated to Berkshire, Fairfax & Markel. Do you mind sharing the approximate weightings for you within those three? PS: I read your blog monthly. Always interesting to read what you have been up to last month, and your short comments about your thinking related to that. I don't mind to disclose, but I have to admit that my percentage allocations are really not indicative of anything. I don't sell on overvaluation or to switch to better investment; I also sometimes buy too slowly or not at all or not the best pick. Allocations are BRK ~= Fairfax. MKL ~= 1/4 of that. Considering that I bought MKL during their Alterra purchase slump, I would have done much better by allocating more to MKL. But then we also had a topic on CoBF whether FFH or MKL will get to $1K price first. We know the outcome now. ;) BTW, you're the only person reading my blog. Thanks for being valued member of the audience.