Seeking Alpha

Kyle Spencer

View as an RSS Feed
View Kyle Spencer's Comments BY TICKER:
Latest  |  Highest rated
  • Wal-Mart warns on profits [View news story]
    It's not the economy, it's Walmart. Take some time out and ask a Soccer Mom or Single Moms. (Walmart's former and current demographic.) No one wants to work there. No one I spoke with enjoys shopping there any more.

    http://bloom.bg/ZrV9XV
    Jan 31 12:57 PM | 1 Like Like |Link to Comment
  • Wal-Mart warns on profits [View news story]
    100% agree, with an addendum: Do a walk-through through your local Walmart (if you have one) sometime and ask yourself if anyone looks pleased to be shopping there.
    Jan 31 12:53 PM | Likes Like |Link to Comment
  • Wal-Mart warns on profits [View news story]
    I don't think that's true, anymore. This is a problem exclusive to Walmart that's been swept under the rug by the company's historically high correlation with economic health. Walmart's personnel policies and selectively higher pricing are having a noticeably chilling effect on consumers. The stores are being run on skeleton crews, they're filthy, there's no door greeter, no one who works there smiles at anyone, it takes up to an hour to buy something from the electronics department if you're lucky enough to catch anyone's attention on your first or even second trip to the store, and half of the prices are twice what you pay elsewhere.
    Jan 31 12:46 PM | 2 Likes Like |Link to Comment
  • Precious metals slump as stocks rally and QE nears end [View news story]
    "They are not quite ready to dump the dollar yet. But very soon now."
    Been hearing this one for 5 years now.
    Jan 30 06:01 PM | 1 Like Like |Link to Comment
  • Precious metals slump as stocks rally and QE nears end [View news story]
    Inventing new imaginary constraints on central bankers in their underground bunkers.
    Jan 30 05:58 PM | 3 Likes Like |Link to Comment
  • Why Students And Investors Disagree About Facebook [View article]
    If your customer bases ages with you, you're Woolworth's.
    Jan 28 11:00 PM | 2 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Correct, but due to things like mortality, necessity, and uncertainty, people don't hoard forever. If a baby needs formula and diapers right now, the baby's mother doesn't hoard her bitcoin in order to eck out a slight advantage tomorrow. What you're really saying is that a deflationary currency is suboptimal and prone to sharp, sudden shortages., i.e. it has the problems of a gold standard. But you pay a hidden price for inflationary systems, too. In a deflationary paradigm, it's always a buyer's market, which means that the quality of products tends to be very high. In an inflationary paradigm it's a seller's market, which means that the quality of products, else equal, tends to be very low. Ultimately, it is institutionalized as such in the form of planned obsolescence.
    Jan 27 09:10 PM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Can you name a single instance where all these theoretical promises and sureties were actually put to the test or where legal tender laws were genuinely enforced? Thanks.
    Jan 27 09:09 PM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Saw what you did there.
    Jan 27 09:08 PM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    I know that, but what the peanut gallery is really saying is that they can see how the sausage is made and they don't like it. That they would be even more shocked if they could take a look under the hood of their local bank is neither here nor there. That this complexity will be abstracted away in future iterations is neither here nor there.
    Regardless of all the alpha-male chest thumping you see in the financial press where everyone claims to be comfortable with the inner workings of the financial system; the reality is that, deep down, people believe that money is more real than gravity. Ergo, the backlash and resistance you're witnessing is a product of cognitive dissonance, and the volume is only going to get turned up as we proceed. It's more Rock n' Roll than Internet. Don't be surprised when parents ground their kids for dabbling with "that Devil money."
    Jan 27 08:58 PM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Let's say that you're right, and tomorrow the Fed or JP Morgan or whoever comes up with The Digital Dollar. You know how many crypto enthusiasts are going to do backflips over that? All of them.
    Why? Because five hundred services will crop up overnight offering conversion from cryptocurrency to the Digidollar for a 1% fee, thereby removing traditional banking's stranglehold on BTC-to-USD conversion by eliminating the Exchange chokepoint. Even if Seal Team Six were to repel down through a thousand and one skylights to neutralize every crypto-converting insurgent to stop the practice, some 15 year old wunderkind programmer out there will just rewrite mechanism XYZ to circumvent the point of failure the next day.
    Crypto is a Hydra, not a Gorgon.
    Jan 27 08:30 PM | 1 Like Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Tell it to the Europeans that are about to have the Cyprus two-step applied to their savings. http://reut.rs/1liqKce
    Jan 27 08:23 PM | 1 Like Like |Link to Comment
  • Why Bitcoin Matters [View article]
    I doubt the government will cut Mr. Shrem the same sweetheart deal the NYDFS gave Standard Chartered 18 months ago.
    Jan 27 02:31 PM | 2 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    The learning curve issue you describe only exists because the BTC protocol is still in beta and the underlying complexities haven't been abstracted away. Give the baby a chance to grow up into something pretty.
    Jan 27 11:55 AM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Because of network effects. Those protocols already exist: Ripple, Peercoin, et cet.
    Jan 27 11:52 AM | Likes Like |Link to Comment
COMMENTS STATS
990 Comments
1,127 Likes