Confirmed with Link: Senators are for sale - and it’s a Gong Show

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Silky Johnson

I wish you all the bad things in life.
Mar 9, 2015
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Not sure a background in economics and finance qualifies one as a crypto authority. I have an MBA as well and have only a rudimentary understanding of blockchain technology and cryptocurrency generally. I think one would need to study the subject matter directly and in depth to become an expert.

More regulation is needed. The shitcoin marketplace is a mess and exchanges can’t be trusted as far as you can throw them. Major barrier to greater adoption and utility is a lack of oversight in the space.

Still extremely intriguing tech though. As a lawyer the concept of a smart, self-executing contract is super interesting. And BTC more specifically could take on a sort of “digital gold” profile that’s potentially lucrative coming out of some of the loosest monetary policy in modern history.

Buffet is obviously very rich but the whole “it has no intrinsic value” thing only goes so far. Not very Keynesian of him.
Block chain is great and has many applications. Using it as a means of transfer would very effectively end the need for cheques or swift transfers. Problem is the lack of stability in BTC and other crypto's. You may want to move money through the medium but can't because it might lose or gain significant value during the transfer period.

The lack of regulation is exactly the point isn't it? That's what people constantly tell us is so great about crypto. It's also the reason it will continue to be predatory. At some point governments will get tired of the tax evasion and blackmarket activities the crypto enables and either force regulations or ban it. How much would BTC be worth when law abiding people won't use it?

Buffets problem with crypto isn't really about intrensic value. He clearly has no problem with fiat currency. It is that unlike fiat currency there is nothing forcing people to accept it, deposits aren't insured and that it isn't interest bearing in an effective way.

It's really important to understand that block chain is not crypto in the same way that printed paper is not currency. Its just the technology that enables the other.
 
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Silky Johnson

I wish you all the bad things in life.
Mar 9, 2015
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London, UK
I want to be clear: I only endorse and support Bitcoin. I do see other use cases, and I like some of the stuff being developed in the crypto space. I also think the DEFI sector will, in time, revolutionize the entire banking industry.

No doubt there are tons of ponzis, rugpulls, and bad people doing bad things, as well as gambling and manipulation. I am not arguing that stuff doesn't exist; I am just saying that to classify the entire industry as such is wrong.
One of the reasons the the whole industry is wrong is its lack of regulation. There may be well intentioned parts & actors but unregulated securities/commodities (jury is still out on crypto) trading will always end up predatory.
 
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While there might be some that fit this description, I really don't think this is fair or apt overall. The timing and randomness of the celebrities, plus the fact that at least Donovan Bailey has minimal knowledge of the Sens, is plenty of reason to be dubious without jumping to racism.
No. You're totally ignorant of the times. You're either completely 'for' something or 100% against it. Learn the language of the invading force. Might save your head
 
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GCK

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Oct 15, 2018
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this guy super pro Andlauer tho.

so depends who you ask if its good news. Majority of the fan base wants Andlauer. My rankings are.

Steve Apostolopoulos
Kimmels Ft the Weeknd
Michael Andlauer

so to me it would suck.
Without having a clue about the groups and partnerships, arena plans, actual bid structures (cash vs debt) or planned hockey ops structure I’m wondering how anyone can have a preference.

Steve is the one with the deepest pockets...right?

That's what we need.
No one really knows.
 

Micklebot

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Apr 27, 2010
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Without having a clue about the groups and partnerships, arena plans, actual bid structures (cash vs debt) or planned hockey ops structure I’m wondering how anyone can have a preference.
Obviously you can have a preference of which celebrities you want attached to the team....

At this point, I want stability with deep enough pockets, I don't really care if they build specifically at Lebreton, just that they get downtown or downtown adjacent, though Lebreton seems like the best current option.
 

Tnuoc Alucard

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Sep 23, 2015
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Steve is the one with the deepest pockets...right?

That's what we need.

Why?

Do you assume an owner with "deep pockets" is going to sugar daddy the franchise?

Anyone, with "deep pockets" became that way, by turning a profit on their investments, not by throwing money at something for the fun of it. Sure there may be a short term influx of cash on the operating budget, but with every other business, there will be a budget to fit the market place, based on ROI.

Do not expect a new owner, with "deep pockets" to come into this small Canadian market, with everything that makes it NOT like toronto or Montreal, and expect to be on par with those markets, it's not going to happen.
 

Loach

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Jun 9, 2021
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Why?

Do you assume an owner with "deep pockets" is going to sugar daddy the franchise?

Anyone, with "deep pockets" became that way, by turning a profit on their investments, not by throwing money at something for the fun of it. Sure there may be a short term influx of cash on the operating budget, but with every other business, there will be a budget to fit the market place, based on ROI.

Do not expect a new owner, with "deep pockets" to come into this small Canadian market, with everything that makes it NOT like toronto or Montreal, and expect to be on par with those markets, it's not going to happen.
Team selling for less than 600m was a fact here until it wasn't. Lets just wait and see what happens maybe?
 

Tuna99

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Sep 26, 2009
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Why?

Do you assume an owner with "deep pockets" is going to sugar daddy the franchise?

Anyone, with "deep pockets" became that way, by turning a profit on their investments, not by throwing money at something for the fun of it. Sure there may be a short term influx of cash on the operating budget, but with every other business, there will be a budget to fit the market place, based on ROI.

Do not expect a new owner, with "deep pockets" to come into this small Canadian market, with everything that makes it NOT like toronto or Montreal, and expect to be on par with those markets, it's not going to happen.

99.9% of Sens fans aren’t Looking for an owner to spend to the max cap, 99.9% want an owner with integrity who employs intelligent people that integrate themselves into the community.

Your post above assumes the extremely wealthy are rational and good business people in everything they do - obviously Melnyck showed us none of those things are true. So impossible to say how a wealthy man with loads of money will react, maybe he’ll be impulsive and buy Twitter for quadruple it’s real value and then slowly be bled of billions until he has to sell the Ottawa Senators to Snoop Dog and Donovan Bailey.
 
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