Comments by "Wandering Existence" (@WanderingExistence) on "Oaktree's Howard Marks on Markets, Crypto, Fed Policy, Distressed Investing" video.

  1. Smh... You should take a page from Howard, learn not to speak about things you're ignorant of. The Bitcoin Network is a secure global settlement network. The really dumb thing about laughing at El Salvador, is the fact that they use it for remittances as well as a domestic currency. The fact that you can send Bitcoin faster and more cheaply than bank wire is a use value- and that monetary value is correlated to the opportunity cost between blockchain and wire transfer. And then you might cry about Bitcoin's volatility and who would use it as a transactional tool, to which I would reply look into stable coins. El Salvador has also leveraged Bitcoin into some of their national bonds, which allow them a higher degree of sovereign freedom from IMF and US Treasury policies. Having a decentralized secure ledger that's readable and addable across the world is very valuable, and that's just Bitcoin. Networks like Ethereum are decentralized computers that can run smart contracts called decentralized apps. Which opens up more avenues of DeFi and options for cash flow yielding crypto assets. I mean I get it's new and needs to be fleshed out before the general public will adopt it, but the current use cases are pretty convincing, that is if you stop and actually look at reality instead of just creating strawmanning ;)
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  2.  @johnbrion4565  Tech-dunces laughed at the internet too... Look at the population now, stuck to a screen, tethered to a wireless leash. Crypto is just the philosophy that created the internet applied to money and property. Oh, well, some will always be late to the game.
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  3.  @brandonnel4081  I love how you call Bitcoin a manipulated asset.... And then say the Fed can't control it. Uhhh, I hope you realize that the Fed and Congress manipulates the US dollar, as it's has done and is doing now. Bitcoins supply is fixed, thus you can't debase it without the whole protocol changing and forking. You literally just contradicted yourself because you're talking about things you don't understand. Smh.
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  4. What free market? There is no such thing in reality. They're 99% regulated markets.
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  5.  @Dpaq13  Fragile child
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