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posted by cmn32480 on Sunday May 07 2017, @05:28PM   Printer-friendly
from the everybody-like-bubbles-until-they-pop dept.

Something odd is going on in finance this week. One unit of BitCoin briefly exceeded the value of a troy ounce of gold before it fell back. However, this occurred during Ethereum rallying to its current peak above US$100. Perhaps this is like comparing apples, oranges, and dog-biscuits but — as of this week — we now have a situation where Ethereum is well above the US$1 credibility threshold of most alternative digital currencies and, to a simpleton, BitCoin was more valuable than gold.

What changed? Nothing obvious. Banks have teams of shirking resume builders working on trendy projects and they've been working on digital currencies for years. Likewise, tranches of investments funds have been going into technology for decades. However, after puffing and bursting a housing bubble and educational bubble, is this the next place to jub other people's money? Is it Charles Stross' Accelerando coming to life? I don't know but I'll be very concerned if there is a financial wobble within the next month.

(External hyperlinks via Vinay Gupta, an Ethereum contributor, Ethereum evangelist and all-around great guy who helps the homeless.)


[Ed Note: Asking what is Ethereum? Me too. Additional information on the above topic can be found at the IB Times]

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  • (Score: 2) by cafebabe on Sunday May 07 2017, @05:42PM (3 children)

    by cafebabe (894) on Sunday May 07 2017, @05:42PM (#505925) Journal

    I'll be very concerned if there is a financial wobble within the next month.

    Actually, I forgot about Puerto Rico's bankruptcy [soylentnews.org]. That would be enough to move markets.

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  • (Score: -1, Spam) by Anonymous Coward on Sunday May 07 2017, @06:05PM (2 children)

    by Anonymous Coward on Sunday May 07 2017, @06:05PM (#505935)

    Tuna Fish
    by Andrew Kaye

    Jonathan ate elves because they were high in protein and vitamin B, and he fed them to his wife for the same reason. She was three months pregnant and couldn't stomach most foods; only elves satisfied her without bringing on a ripple of nausea in her belly.
    He prepared them for her like a tuna fish sandwich, chopping the cooked meat into small, moist chunks and mixing it with mayonnaise and a blob of sweet relish, then smearing the resulting paste between slices of toasted Wonder Bread.
    The elves had to be fresh. The processed kind prepared in factories and vacuum-sealed in thick plastic kept for a long time but just didn't taste the same, and their eyes were always glassy and staring like the squid Jonathan also refused to buy.
    Fresh elves could be bought in delis and butcher shops, of course, but Jonathan didn't like the uncertainty of where the meat came from. Salvador's down on 24th Street had a decent selection but also a trio of dumpsters around back. Jonathan worried old Sal was trapping elves himself--fresh, but no doubt glutted on garbage and unsuitable for his pregnant wife.
    Jonathan took matters into his own hands, sticking to trapping elves in more natural settings to avoid any unhealthy taint. City parks were the closest things he had to forests. He set his traps in discrete locations, appealing to the elves' notorious sweet tooths by baiting each accordingly with candy bars and chocolate chip muffins. Every morning, just before the streetlamps popped off, Jonathan quietly collected his traps and the wriggling, bright-eyed elves within.
    It wasn't a perfect process by any means, and the nature of the bait meant he captured more than just elves. Squirrels. Small birds. Children were the biggest problem in the most literal sense. They were the dolphins to his cans of tuna fish, too large to remove from the traps without also freeing the elves.
    In the end, Jonathan's wife didn't notice any difference in taste.
    The End

    • (Score: 0) by Anonymous Coward on Sunday May 07 2017, @06:21PM (1 child)

      by Anonymous Coward on Sunday May 07 2017, @06:21PM (#505938)

      This audience should be expected to appreciate a soylent story. But, no, they call it "spam". Maybe the green site will like it better.

      • (Score: 0) by Anonymous Coward on Sunday May 07 2017, @06:34PM

        by Anonymous Coward on Sunday May 07 2017, @06:34PM (#505941)

        Your mistake is not mentioning the children's parents are registered Democrats. Know your audience and SoylentNews belongs entirely to elderly GOP voters.