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    • By JimmiJo in ES Coverage
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      And we are back!
       
      Hello boys and girls, welcome to another year of Washington Redskins football, home-team style.
       
      My name is JimmiJo and I am joined by my shuttered compatriot, Spaceman Spiff. Together we bring you the sights and sounds of Redskins preseason football. Tonight represents the first home installment for Washington. I will be looking for fan enthusiasm, tho it is difficult to gauge interest-level from the preseason. These are the games that the season ticket holders give to their siblings and coworkers.
       
      Tonight may be different as we expect Alex Smith to play. The pundits keep telling me he is Kirk Cousins only better. That will be awesome if so. 
       
      We are quickly filling the list with season-ending injuries, with Washington losing three projected contributors in the first week of preseason. This wince-producing stat is made worse when we consider the projected contributions of Derrius Guice, now lost for the year.
       
      All he was brought here to do was resurrect the Redskins' rushing game. 
       
      This for me is the biggest area of concern for me. The running game has got to get better for this team to have any reason success this year.
       
      Stand by for Inactives...
       
      An hour later I remember they don't do inactives in the preseason. Hey, it's preseason for us too!
       
      Not much to report. Very sparse crowd so far. But given it is a work-night and rush hour is just wrapping up on the beltway I am not surprised we are not overflowing with people yet.
       
      The Redskins appear to be wearing burgundy tops and mustard bottoms, for those keeping score at home. The Jets meanwhile, are sporting white tops and green bottoms.
       
      So far just the kickers and long snappers are warming up from both teams. 
       
      The hot, sunny day is giving way to a warm, breezy evening. Should be fairly pleasant viewing conditions for those coming out.
       
      Kickoff

      It is about that time. Follow along in-game on Twitter @Skinscast
       
      Half
       
      Alex Smith looked sharp, going 4-6 for 48-yards and a 91 passer-rating. 
       
      But that's not the story of this game.
       
      The story is the injuries that continue to mount to running backs. Samaje Perine had an impressive 30-yard run. Then limped off to be evaluated for an ankle sprain. Next was Byron Marshall.  A lower leg injury they say.
       
      The Redskins are suffering the worst run of injuries this early maybe ever. 
       
      JimmiJo
       
      I am not sure how much we learned tonight. I take that back.
       
      Kevin Hogan, whom I had taken to calling ‘Nogan,’ somehow produced a lovely comeback victory with no time to spare. Way to send them home happy.
       
      Beyond the excitement at the end I am not sure we learned much.
       
      Alex Smith is exactly who we thought he was. Smith went 4-for-6 for 48-yards and a passer rating of 91. There was some excitement on his first call from scrimmage, when Smith play actioned the handoff and kept the ball on a bootleg, he turned to setup to hit Paul Richardson and instead received a face-full of Jets’ linebacker Jordan Jenkins. Smith completed the pass to Richardson and Jenkins was handed a 15- roughing call.
       
      The offense are exactly who we thought they are. Feckless in the redzone; unable to produce anything but field goals. Even when the stars did align, with Colt McCoy connecting Cam Sims, area spectacular touchdown catch; cruel fate intervened with a chickenscratch procedure call.
       
      The injuries are exactly what we feared they could be. Why is it every running back who goes for 30-yards on a single play comes up limping? Samaje Perine ran for 30-yards on his one carry on the night.
       
      The next time he was seen was on the way to the locker room to have an ankle looked at.
       
      Then there was Byron Marshall. He barely got into the game before coming out with a leg injury.
       
      After the first few drives Washington did very little offensively until they had to at the very end.
       
      And as little as this preseason game meant, it was nice to see the valiant stop at the goal line. It was even nicer to see Mr. Hogan lead the team down the field and to victory.
       
      Oh yea, we learned one more thing - Dustin Hopkins can kick field goals.
       
      Hail!
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No Excuses

CNBC: Ethereum hits another record high, marking a more than 2,800% rally this year

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3 minutes ago, Predicto said:

 

 

The technology can be legit.  It may have real world applications someday.  Who cares?

 

That doesn't convert individual bitcoins into an investment.  

 

I'm not mocking the technology.  I'm mocking the idea that a bitcoin has massive value as an investment, and that what any of these people is doing is really "investing."   

 

 

There's an evolution from:

(1) 'In God We Trust' ... to

 

(2) In Nation States We Trust ...  to

 

(3) In Math We Trust. :ols:

 

Noone is investing. They are speculating., just like with 'precious metals'.

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29 minutes ago, Predicto said:

This is his car

 

this is his new wife

 

And this is his mistress

 

they're really good friends, actually, but they are happy to share him.

Pfft... He ain't happy. Oh sure, he thinks he's happy. He feels happy all the time. But trust me, he ain't.

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17 minutes ago, Corcaigh said:

 

 

You mean like gold and silver?

 

 

 

 

This is a good point.  Gold and silver retain value because of their historical use as a substitute for currency.   They probably shouldn't have nearly as much value as they have, but they do.   They particularly appeal to those who fear economic collapse and currency losing all its value.

 

Of course, if that happens, bitcoin will be even more worthless than dollars.  It is entirely dependent on a functioning high tech society to exist at all.  At least you can burn dollars to keep warm.

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4 minutes ago, Sacks 'n' Stuff said:

Pfft... He ain't happy. Oh sure, he thinks he's happy. He feels happy all the time. But trust me, he ain't.

 

Money can't buy you happiness.

 

But it can buy you a giant ****ing yacht, and you can pull up right alongside it.

 

 

 

And when anyone talks Fiat, I'm always thinking of this.

 

1200px-1973_Fiat_126_IMG_7855.jpg

Edited by Corcaigh

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11 minutes ago, Corcaigh said:

 

There's an evolution from:

(1) 'In God We Trust' ... to

 

(2) In Nation States We Trust ...  to

 

(3) In Math We Trust. :ols:

 

Noone is investing. They are speculating., just like with 'precious metals'.

 

A lot of the people in this thread seem to think they are investing, and that these crypto currencies have tangible value that can be measured:   "the price is very low for its marketcap"  and so on,.

 

I don't see the comparison to the early 90s internet boom.  The wealth came to those who invested in the stock of companies like Microsoft, Cisco, Oracle, Intel.  Actual companies that were positioned to take advantage of the growth of the internet to make profits and create real value.

 

The current mania seems more like people investing in digital pictures of the Microsoft and Intel logos, pictures that they email back and forth to each other, while declaring them to have doubled in value each time.

Edited by Predicto
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It is different, but not so different.

 

Back in the boom people were 'investing' in stock of companies that had no products and no revenue. How was Netscape whose primary 'product offering' was a free web browser ever going to make enough money to justify its value? Sell the stock? :ols:

 

And today some of the ICOs are about owning part of a network where value is exchanged and there rights and revenue opportunities. e.g. Aragon

 

But I agree, bitcoin is pure speculation. I don't know why it's not being hawked on Fox News to the old, much like the buy gold coins with a picture of a patriotic American buffalo.

 

 

Edited by Corcaigh

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47 minutes ago, No Excuses said:

The idea is that they will be using the blockchain platform for contracts and payment systems for some (or most?) aspects of their operations as well.

Blockchain can be used for any kind of record keeping and that's where the value in research is. It's going on right now.

 

How does that relate to crypto currency and it's value?

29 minutes ago, Predicto said:

 

 

This is a good point.  Gold and silver retain value because of their historical use as a substitute for currency.   They probably shouldn't have nearly as much value as they have, but they do.   They particularly appeal to those who fear economic collapse and currency losing all its value.

 

Of course, if that happens, bitcoin will be even more worthless than dollars.  It is entirely dependent on a functioning high tech society to exist at all.  At least you can burn dollars to keep warm.

Arbitrary value in a metal because of its scarcity is similar

 

Of course when the value of gold or silver is reduced to nothing, you still have the gold and the silver.

 

When bitcoin is reduce to zero you have..... ?

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2 hours ago, Springfield said:

Why should I pay for something using cryptocurrency instead of USD?

 

From the consumer end, its not much different than a credit card.  From the merchant end, at least for Bitcoin, there is no transfer fee(right now, will probably change in the future), and there's no such thing as a chargeback.   So theoretically, merchant prices should go down if they use a cryptocurrency like Bitcoin over CCs like Visa / Mastercard, etc.

 

Also, it makes person to person transactions much easier/faster.   For example, you have someone buy tickets to a Redskins/Capitals/Wizards game or something, but you want to split the cost.   You can write them a check or hand them cash, but it would be nice if there was some system where you could just pay them right there and it would update in their account without having someone go to the bank (you could have cash on hand to cover the cost, but it also eventually means a trip to the bank to get enough cash).   The current way to do this for individuals online is Paypal, but that pretty much the same drawbacks as credit cards, in addition Paypal can freeze your account.

Edited by DCSaints_fan

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26 minutes ago, Predicto said:

The current mania seems more like people investing in digital pictures of the Microsoft and Intel logos, pictures that they email back and forth to each other, while declaring them to have doubled in value each time.

 

The truth is its a low barrier of entry into "investing"

 

What doesn't matter. The charts show them going up, stories get passed around twitter, and everyone in the middle class wants to be an investor - that's what the upper class is, right? Investors?

 

Throw in fiat, corrupt banks and governments, and the US Printing money and hyper inflation and you've checked all the boxes.

 

You can throw 500 in it and watch it turn into 700 quickly. It's like winning a few hands of blackjack. It's quick, fun. And seems easy.

 

Most people enjoy the ponzi scheme until they realize it's a ponzi scheme.

5 minutes ago, DCSaints_fan said:

From the consumer end, its not much different than a credit card.

Sorry

 

But this is bull****

 

The value of every unit on my credit card (USD in my case) does not fluctuate widely and lose 50% in the course of an hour or two.

 

Dammit dude, if I bought my gas 40 minutes later it would have cost me 40% frewer fractions of a coin

:(

 

:rolleyes:

Edited by tshile

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Top trending topic an hour or so ago

 

"How do I get my money out of bitcoin"

 

That's the type of people throwing money in pumping it up recently.

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17 minutes ago, DCSaints_fan said:

From the merchant end, at least for Bitcoin, there is no transfer fee(right now, will probably change in the future),

This is also wrong

 

The network that controlls entries into the blockchain for each currency does infact charge a fee.

 

You can spin up a masternode for one of the currencies and make money by simply being a voter on the block chain.

 

Two sentences in you're 0/2.

17 minutes ago, DCSaints_fan said:

Also, it makes person to person transactions much easier/faster. 

Transactions are done at a speed dependent on activity on the network.

 

During peak activity times you can buy your priority with a higher rate.

 

You should ask all the people unable to dump their coins when it's crashing and buy when it's running about how fast and easy transactions are.

 

17 minutes ago, DCSaints_fan said:

You can write them a check or hand them cash, but it would be nice if there was some system where you could just pay them right there and it would update in their account without having someone go to the bank (you could have cash on hand to cover the cost, but it also eventually means a trip to the bank to get enough cash

Paypal

Bank of America has this, they've been advertising it. It's their mobile app.

My bank has its own system.

This already exists.

 

Edited by tshile
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Between individuals (like to split the cost of an event) you can use PayPal instantly, without fees, and without leaving money in their hands for them to freeze. 

 

Just pointing out that that part was a bunch of nonsense too. 

 

Edit: @Corcaigh I'm not buying and selling precious metals either. 

 

I'm not knocking anybody who wants to ride this roller coaster, just saying it's not for me. Beyond what we have set aside for traditional investing, we don't have spare money that I'm comfortable losing. 

Edited by dfitzo53
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13 hours ago, tshile said:

Paypal

Bank of America has this, they've been advertising it. It's their mobile app.

My bank has its own system.

This already exists.

Zelle. Most of the major banks are using it now. Goes straight from one bank account to another.

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On 12/22/2017 at 7:24 PM, tshile said:

Blockchain can be used for any kind of record keeping and that's where the value in research is. It's going on right now.

 

How does that relate to crypto currency and it's value?

 

The tokens (“coins”) are the means by which one participates in the execution of public blockchain protocols.

 

If you think a public blockchain protocol will be adopted for commercial or large-scale use, then its tokens do offer value, especially based on the number of them in circulation and the capped limit.

 

It is a mistake to think of cryptocurrencies as currencies like the dollar. They are really assets whose value is tied to a particular blockchain protocol.

 

We don’t really know which public blockchain protocols will be widely adopted or which technologies and platforms they will spawn. 

 

I dont disagree with most of you who are skeptical and think that the value of bitcoin is a bubble of epic proportions. I think this is all valid and likely true. But I do think down the line there will be winners, and it’s not the worst thing to do to with your money long term.

 

It is certainly not the tulip or beanie babies.

Edited by No Excuses
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2 hours ago, No Excuses said:

It is a mistake to think of cryptocurrencies as currencies like the dollar. They are really assets whose value is tied to a particular blockchain protocol.

 

We don’t really know which public blockchain protocols will be widely adopted or which technologies and platforms they will spawn. 

 

I dont disagree with most of you who are skeptical and think that the value of bitcoin is a bubble of epic proportions. I think this is all valid and likely true. But I do think down the line there will be winners, and it’s not the worst thing to do to with your money long term.

This is the way I view them. 

 

Assets tied to a particular form of (generally) blockchain technology, whose stock will rise or fall depending on how well that technology connects to and creates the future. 

 

In that scenario, I don't view the crypto market as entirely different from the stock market with a major exception being that cryptos are much more volatile but have a much higher potential long term. 

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Ripple and Stellar Lumens will be here to stay in my opinion. It will be really interesting to see what 2018 brings for these two platforms in particular 

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LOL ... looking at an old PC we did find some coins from a little mining done a few years ago. Not BTC unfortunately but a stash of a low value altcoin that's worth in total $3,400 today. A nice Christmas surprise.

Edited by Corcaigh
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Anyone else in XRP (Ripple)? It seems that banks have started taking to this platform as it has quintupled its market cap in a very short period of time. Who knows, maybe one day it (or something else) will replace SWIFT

Edited by Skinz4Life12

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13 hours ago, Skinz4Life12 said:

Anyone else in XRP (Ripple)? It seems that banks have started taking to this platform as it has quintupled its market cap in a very short period of time. Who knows, maybe one day it (or something else) will replace SWIFT

Really wish I decided to put the couple hundred I planned to when ripple was at .235 :(  had issues setting up kraken account and just said screw it

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2 hours ago, steve09ru said:

 

Really wish I decided to put the couple hundred I planned to when ripple was at .235 :(  had issues setting up kraken account and just said screw it

 

I had to jump through some hoops to get an account t setup as well. I'm glad I followed through though.

 

Ripple itself already has tangible value in the contracts and companies already setup to use its platform. They have contracts with 100 banks I read, as well as American Express. The transaction speed is an order of magnitude faster than Bitcoin, and the fees are only a tiny fraction as well. Should be an interesting year for the platform. 

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15 hours ago, Skinz4Life12 said:

Anyone else in XRP (Ripple)? It seems that banks have started taking to this platform as it has quintupled its market cap in a very short period of time. Who knows, maybe one day it (or something else) will replace SWIFT

 I got into Ripple when it was at $0.73, and dumped in a little more fun money since. I'm on Binance, and also have cheddar in XVG, CND, and TRX. When it spiked to $2.12 I was quite happy.

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14 minutes ago, Springfield said:

I kinda feel like crypto’s are the millenials “intro to investing” course.  

 

In before Grandpa Predicto comes in to lecture you.

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