Vic Wasteland Thread - 15.0

[KURAUN]

19 hours ago, Leroy Peterson said:

gloria got put on the dyno today. whopping 147kw lol. running super rich with the foot down (reason why it was on a dyno in the first place). gains 20kw across the rev range when leaning it out a bit, but those are only temp tunes with the scan tool plugged in. It reverts back once disconnected, so now people are working on trying to figure out how to make it permanent.

Apparently normal for jap cars to run rich? but this one is worse because (i/we suspect) custom dump pipe moved the O2 sensor across to get easier access to dump pipe bolts.
so thats 11psi oem. a few more psi, cut the fuel back a bit, see if timing can be adjusted... 170rwkw wouldnt be too shabby.

Have you seen how much black smoke mine puts out? haha

[Birds]

https://www.reddit.com/r/CryptoCurrency/comments/7uun4x/the_end_is_nigh/?st=JD6Q69HH&sh=1a84d1da

[TiTAN]

It's still amazing how much something with no tangible value and no real backing is worth.

[Birds]

Straight up insanity

Noe think how hard it was to convince people that gold/silver/rocks were worth anything

[joeyjoejoejuniorshabadoo]

It's still amazing how much something with no tangible value and no real backing is worth.

The gullility of millennials still amazes you?

[Leroy Peterson]

Y'all uneducated. Most cryptos/tokens are just like shares, not currency. And work in a similar way to stocks.

[blah_blah]

10 hours ago, Leroy Peterson said:

Y'all uneducated. Most cryptos/tokens are just like shares, not currency. And work in a similar way to stocks.

What Leroy said. Invest in the technology.

So Ethereum is back to its price it was a few weeks ago. But still 75x compared to last year.

[Birds]

12 hours ago, Leroy Peterson said:

Y'all uneducated. Most cryptos/tokens are just like shares, not currency. And work in a similar way to stocks.

Yeah but shares in companies whose sole business model is the production of more shares

The technology needs time to grow organically through the internet like it was doing via Silk Road and online transactions, not media frenzy driving impulsive and everyman investors over to it creating bubbles and crashes, making people fearful of it.

My biggest problem with crypto is the diluted sea of different currencies when even the original Bitcoin hasn't reached potential as a useful and widespread currency. The irony is that without backing by a centralised banking system, creating tangibility, no society is going to properly adopt any one of them. The moment someone was able to make a meme out of it (dogecoin) is when I grew wary of these factors.

[Birds]

[joeyjoejoejuniorshabadoo]

Y'all uneducated. Most cryptos/tokens are just like shares, not currency. And work in a similar way to stocks.

Duh... that’s exactly what most annoying crypto-spruikers DON’T get.

Idiots going on about how Warren Buffet “doesn’t understand crypto” so his opinion “means nothing“

They all think they are betting on technology and can’t see the only thing they are betting on, is other people betting on it too...

[Birds]

To make good money with investment you generally have to get in before the masses or bet against them

The money you make comes from someone else. It's redistribution of funds. Winners and losers. I was always going to stay the f**k away from something grandparents and people at the gym were talking about investing in.

[Birds]

Fk I love these edits

https://www.reddit.com/r/Bitcoin/comments/7v438b/the_last_3_months_in_47_seconds/?st=JD8SRTK5&sh=e343b2a2

[Leroy Peterson]

f**k, that's a funny one.

Smart contracts is gonna change the world moving ahead. That's a given IMO. It's probably going to f**k things up pretty badly too, eventually making lots of "middlemen" positions in many industries redundant. But since this and other new ideas need time to be built and tested, it will take years to get off the ground. So I look at projects I think are feasible and implementable plus the likelihood of being adopted, and if I like it then I'll hold some.
I get what you mean by the basis of most of the tokens is like a self-generating system for reward, which then has a value, I don't think it suits some of the projects (and most of them aren't even generating yet) but it seems to be the solution to this market without having a stake in a company and risk takeover/influence.

[emts]

Crypto is nothing like shares.

Shares have a company actions behind it that impact the share. they also have assets and IP that have a net worth if all else goes wrong.

Cash has a countries actions and industries to  impact it. as well as a reserve of usually gold to back it.   

 

Crypto is exactly the same as going to the casino.  you are betting on something that at the end of the day has a random output, sure if you count cards or are decent then you can spot a trend and have a better chance of making a profit.

 

but at the end of the day, there is nothing backing it up, one good mathematician and it's completely gone. remember it's just as fragile as the shit that secures the rest of the internet.

 

 

but shit what would I know about cryptography...

[joeyjoejoejuniorshabadoo]

It's like speculative shares in a company with nothing tangible .... Kinda like 88e

[UNR33L]

32 minutes ago, joeyjoejoejuniorshabadoo said:

It's like speculative shares in a company with nothing tangible .... Kinda like 88e

dat low blow doe 

the amount of crypto sooks that made a facebook status 3 months ago saying they would have X money if they didn't sell  

best thing it's done for me was when a mate was ~50k up one night decided to buy me a heap of drinks at the bar we were at..  #nohomo
I prefer to waste my money on depreciating assets (new cars).

Edited February 5, 2018 by UNR33L

[Leroy Peterson]

Crypto IPs are still worth something... If shares go belly up then so does the share price, and your money.
Insider trading and such is obviously not enforceable...

[emts]

well depending on how bad the company goes TU

 

usually there assets to sell off and split up

Board members to sue, 

last one I had invested in that went bad we ended up with 80% of money back after they sold it off. (with dividends over the period  holding higher than that 20% so all in all not too bad) so long as a company is smart enough not to trade when insolvent. 

as for crypto IP...I'm not seeing any of these companies hiding the patents for what they are doing, so nah.

 

bringing out a new Cipher which would be the only IP they could hold is a very dangerous thing and needs years of peer review.
basiclly they are using existing Ciphers with the blockchain technology

 

then use a peer to peer network to outsource it and hope it lasts forever (with minimal outlay for themselves)...well untill people get bored with it anyhow.

 

and people have never got bored with a new technology and moved on to something else.

 

 

 

 

 

 

 

[Birds]

1 hour ago, Leroy Peterson said:

Crypto IPs are still worth something... If shares go belly up then so does the share price, and your money.
Insider trading and such is obviously not enforceable...

One of the best posts I saw in the crypto subreddits - "the beauty of unregulated currency"

Made in reply to someone complaining about getting scammed through the bitconnect fiasco

It's unfortunate that the benefits of crypto are also some of its biggest downfalls. Regulated currency is stability and security, predictable even.

Another good post compared the evils of regular currency manipulated by rich people and banks...to the top 100 bitcoin holders who are currently increasing their stacks while everyone else panic sells. The wealthy are acquiring it = can then control it. Where there is money, there is power, where there is power, there is corruption.

Also lol'd at some guy preaching the robust nature of crypto in a post-apocalyptic world vs any other currency. As if anyone would possibly give a f**k. I'll take whatever currency the government are accepting for food...

[Leroy Peterson]

Martin raises some good points.

I still think smart contracts will change things drastically...