Play Nice Random Chat Thread VI

[Ligma]

Legit anyone else see that Tim smith looks like a fat [PLAYERCARD]Toby Greene[/PLAYERCARD]

 

[Pickitt]

Legit anyone else see that Tim smith looks like a fat Toby Greene

wtf he does

 

[Ligma]

Holy ****

 

[Val Keating]

Legit anyone else see that Tim smith looks like a fat Toby Greene

I just saw this, what did he do?

 

[Val Keating]

Found it. Wow.

 

[Ligma]

Found it. Wow.

He thought he was below the limit

 

[Val Keating]

He thought he was below the limit

Blew 0.131. Lol

 

[Ligma]

Blew 0.131. Lol

I don’t think that’s the only thing he can blow

 

[Val Keating]

I don’t think that’s the only thing he can blow

Yeah he just blew his career

 

[Ligma]

Yeah he just blew his career

Lol karma strikes in unbelievable ways

 

[Tectonic]

Yikes, possibly the most comprehensive rugpull I've seen

 

[Val Keating]

Yikes, possibly the most comprehensive rugpull I've seenView attachment 1272412

What is that? The show can’t actually lose money it’s already made.

 

[Tectonic]

What is that? The show can’t actually lose money it’s already made.

It's a crypto scam coin

https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

 

[Val Keating]

It's a crypto scam coin

https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

Cheers that makes way more sense. Is that legal? Bitcoin and NFT’s all seem like a bit of a scam to me.

 

[Tectonic]

Cheers that makes way more sense. Is that legal? Bitcoin and NFT’s all seem like a bit of a scam to me.

It's all perspective I guess, nft runs the gamut from total scam to legitimate proof of ownership for real world items, Bitcoin is given value through a few ways.
Legality wise there's nothing explicitly making it illegal as far as I know, but that's just lack of regulation/the price they pay to have money outside the legacy bank system.

Blind Freddy could have seen this one coming, anything that becomes 35,000x more valuable in a couple of days is suss haha

 

[Val Keating]

It's all perspective I guess, nft runs the gamut from total scam to legitimate proof of ownership for real world items, Bitcoin is given value through a few ways.
Legality wise there's nothing explicitly making it illegal as far as I know, but that's just lack of regulation/the price they pay to have money outside the legacy bank system.

Blind Freddy could have seen this one coming, anything that becomes 35,000x more valuable in a couple of days is suss haha

I obviously don’t know anything about how it works. I just know that Nassim Taleb has pretty much dedicated to proving that it has no value. I’m not smart enough to understand his equations but apparently no one has proven him wrong yet.

 

[Tectonic]

I obviously don’t know anything about how it works. I just know that Nassim Taleb has pretty much dedicated to proving that it has no value. I’m not smart enough to understand his equations but apparently no one has proven him wrong yet.

Yeah I hadn't heard of the guy so I just looked him up, hard to argue with any of his points re. Bitcoin. Seems like it was a big change of opinion for him as well.
Weirdly enough though, if you bought Bitcoin at any time in the past and didn't sell until today you would be in profit.
I spent like years weighing it up, wether to buy in or whatever, think the opportunity cost is a few million by now haha, but I took a few 1000s out at the start of the year to mix things up in the market and it's done very well for me, I'm about a year closer to buying a house than I would have been(or just keeping up with the prices at the start of the year anyway)
Capital gains will be a bastard next year but it's been a interesting ride for sure

 

[ferball]

I obviously don’t know anything about how it works. I just know that Nassim Taleb has pretty much dedicated to proving that it has no value. I’m not smart enough to understand his equations but apparently no one has proven him wrong yet.

Ultimately no money has value other than what we agree to.

Do you still use cash? Pull out a note and look at it. It has absolutely no use at all. Its "value" exists because its got a guarantee written on it from the government.

 

[Val Keating]

Ultimately no money has value other than what we agree to.

Do you still use cash? Pull out a note and look at it. It has absolutely no use at all. Its "value" exists because its got a guarantee written on it from the government.

It’s a bit more complicated then that.

 

[ferball]

It’s a bit more complicated then that.

Is it?

How?

 

[Val Keating]

Is it?

How?

I could Google it but I’ll have a swing and then search it.

Something to do with the how well the economy is doing and the bills are a representation of that. Used to be gold till it was floated many years ago.

Funny enough I’m listening to a history podcast and they’re discussing post WW1 Germany and how they got completely ****ed by the French and English and pretty much everyone around them by the versailles agreement and their money became worthless. The Germans just started printing more money to try to pay off the French to stop the French from taking all their industry as payment. At the same time the English were deliberately starving them out long past what was agreed to.

Similar thing happened after the fall of the Soviet Union in the 90’s. 7 oligarchs that were basically gangsters owned more then half of the Russian economic resources (funny enough 6 of them were actually German and one Russian). Life expectancy dropped by 15 years because no one had any money that was worth anything. In rolled Vlad and sorted that out.

Anyway that’s way off track but bloody interesting (imo). It seems to me that cash value is a representation of how well a country’s economy is doing, and if it’s been floated like ours it also depends on how much investors believe in our economy.

 

[Val Keating]

Is this a new one or are they still doing it?

 

[Val Keating]

Apparently this is the answer.


Interest rate differentials
The biggest driver of changes in the AUD's value is the interest rate differential. The interest rate differential is the relative benefit an investor receives from investing in one country’s assets over the other. For example, if interest rates in Australia are 1.50%, but are higher in the US at 2.40%, then an investor can get a great return by buying US assets. This has the effect of pushing down the value of the AUD, as investors sell AUDs and buy US dollars in order to invest in US assets.
Commodity prices
Historically, the AUD has largely followed the price of Australia’s key commodity exports, and the nation’s overall terms of trade, earning the currency the label of being a 'commodity currency'. The reasoning behind this is that in order to buy Australian exports, Australia’s trading partners need to also buy AUDs, and sell their local currency, to execute the transaction. The dynamic can be witness most pertinently in the price of iron ore, which owing to the ebbs and flows in Chinese demand for the mineral, has underpinned the AUD's strength and weakness for several decades.

Purchasing power parity
The principle of purchasing power parity suggests that an exchange rate is at equilibrium when it reflects the difference in price between a basket of goods in two separate economies. Although an imperfect model for examining the 'fair' value of a currency, the model suggests that due to price arbitrage, a currency pair ought to err towards its purchasing power parity. For the AUD, and using the famous Big Mac Index as the benchmark, the AUD is overvalued against the US dollar, suggesting that the AUD/USD ought to depreciate over time as relative price difference erode.
Government credit ratings
The Australian government’s credit rating can have a marginal impact on the AUD. That’s because Australia’s credit rating impacts the risk profile of its debt, which directly influences the cost the government has to pay on the debt it owes. A bad credit rating makes buying a country’s debt riskier and less attractive, reducing the overall demand for its currency. Although not a problem in recent history, with the Australian government maintaining a AAA credit rating for over 15 years, events that have threatened this status has brought about short-term weakness in the AUD in the past.
Sentiment and speculation
The AUD is arguably the most popular growth and risk proxy in global financial markets. It is often used as a barometer, and trading device, to benefit from short-term changes in sentiment towards global economic growth, and market risk. Some of this is tied back to the fundamental fact that being a 'commodity currency', the Australian economy is highly exposed to changes to global economic activity. Hence, when there is a prevailing good mood in the market, the AUD will quite often climb, while if there is a prevailing pessimism, the AUD will often fall.

 

[Ligma]

What it feels like when talking to some posters

 

[ferball]

I could Google it but I’ll have a swing and then search it.

Something to do with the how well the economy is doing and the bills are a representation of that. Used to be gold till it was floated many years ago.

Funny enough I’m listening to a history podcast and they’re discussing post WW1 Germany and how they got completely f’ed by the French and English and pretty much everyone around them by the versailles agreement and their money became worthless. The Germans just started printing more money to try to pay off the French to stop the French from taking all their industry as payment. At the same time the English were deliberately starving them out long past what was agreed to.

Similar thing happened after the fall of the Soviet Union in the 90’s. 7 oligarchs that were basically gangsters owned more then half of the Russian economic resources (funny enough 6 of them were actually German and one Russian). Life expectancy dropped by 15 years because no one had any money that was worth anything. In rolled Vlad and sorted that out.

Anyway that’s way off track but bloody interesting (imo). It seems to me that cash value is a representation of how well a country’s economy is doing, and if it’s been floated like ours it also depends on how much investors believe in our economy.

Where do you reckon money came from?