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1481  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2015, 02:41:29 PM
And by doing so (evading taxes) they turn it into a self-fulfilling prophecy: no tax income, ineffective state mechanisms, inequality, etc.
Maybe I'm generalizing too much over "all Greek people I've talked to", but it seems to be a recurrent theme: the fatalism.

You do, but it's alright. You're probably talking to the wrong Greeks; yeah, there are quite many, I presume. That's why the country ended up in this mess. Angry
1482  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2015, 01:05:16 PM
TLDR: Anyway, having lived under both neocon and socialist-Keynesian governments, I am now all for the latter, sorry.  I cannot understand how any country could believe that "austerity" is a good thing.  I would vote for Lula and Dilma again if I could.  I hope that the new Greece government can be as successful as Lula's -- in spite of not being led by a semi-illiterate mechanics worker...

I am with you. I think they did a good job.

Still I wonder, when people will realize, that there is no right or wrong. Most things are right at the right time.

A Keynesian government seems just right to increase overall living standards in emerging countries.

In the western world the main problem is not raising living standards, but over-consumption of scarce ressources.

Reading all these posts concerning Greece, I chose -on purpose- not to reply (especially to those colourful ones from BillyJoeAllen concerning his dreams of buying a Greek island that the government SHOULD sell; 'cause debt Grin... ).

The above comments are the essence of it all. That's what Syriza administration is looking for and they will -hopefully- manage to get it from the EU. The alternative scenario is (sadly) far worse and will cost a lot more to everybody.

Greece will just have to declare a full default and get back to 70s-80s financially - but that's EXACTLY what already happened the last 5 years with the current austerity measures; on the other hand other countries in line will probably follow "the new paradigm" and default to their own private monetary system. Bye Bye EU.

Besides, there are a couple of "good will" neighbours that will urge to "help" Greece in exchange for some space in the Aegean... Don't you love (geo)politics?

Anyway; today's the day. My bets are that they will figure it out peacefully.
1483  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 19, 2015, 07:29:48 PM
going long, tight stop. market feels squeezy. lol

Being Long Is Never Wrong...(TM)
1484  Economy / Services / Re: [AMHash]Earn up to 0.1B a month[30 slots][Signature Changed] on: February 19, 2015, 06:48:00 AM
If you're willing to continue this campaign or start a new one with AMHash4, I'd like to re-enrol for one more month.

Username: macsga
Posts: 2285
Rank: Hero Member
BTC Address: 14AZeFeVTwaZvrTcRGabcrjRnowoAG4vCQ

Thank you.
1485  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 18, 2015, 02:46:42 PM

With no bears around I'm starting to believe that Bitcoin is a viable global payment system with long term price upswings.
It's Winter. They fell asleep... Grin
1486  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2015, 10:10:39 PM

Now we know who's buying all these days... Tongue
1487  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update on: February 13, 2015, 05:17:12 PM

Devs PLEASE... do something good for DOGE and lets stimulate this Mofo like it should have been long ago. 0 Block reward and it spins on fees!

Then lets get back to helping people and making the world a Better / easier place with crypto as a whole using DOGE as the race car!
That would've been awesome. Smiley
1488  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2015, 05:13:15 PM
Indeed. We are living the steadiest CCMF of the last 6 months. C'mon Bitcoin, do your thing! Kiss Kiss Kiss
1489  Economy / Services / Re: [AMHash]Earn up to 0.1B a month[30 slots][Signature Changed] on: February 13, 2015, 04:42:53 PM
Be patient people. I never missed a payment from these guys. Do your part, they will do theirs.
1490  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: February 12, 2015, 03:30:59 PM
Upon coming back from the far foreign lands, from a trip that felt like it lasted for years, our royal carriage again hits the familiar cobbled streets.

Lo and behold! It is as if the time has not progressed at all here  Shocked  The words of Zenon, of our father the Duke, the very ancient writings, every letter of wisdom, come to our mind as we behold the sun. Then, slowly, the shadows start moving again.

We have to investigate the matter..

This must be related to the coming changes in 1600, that year when the time will readjust itself. We are still puzzled. Perhaps the Satoshi Roundtable had such a profound energy that time did not pass anywhere else??! Or maybe just here. Anyway, we hope it is over now.

Multiple years shall not pass at once, the game continues from where it is.
Wise words have been spoken. A war is coming... Our lifespan is at stake...
1491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2015, 09:47:31 AM



@Mota:
It's nice of you not mentioning about the German WW2 reparations, because THERE WERE NOT ANY!


Take a good look at this picture. It's from 1953 where the second man from the left is the late Konstantinos Karamanlis. This man together with the leaders of 20 countries have signed off the "biggest since the Weimar era haircut" since Germany couldn't afford to pay its debt to those countries.

Germany has the OBLIGATION to remember that its growth and prosperity is based on the graciousness of its opponents to rub 50% of its enormous debt towards them. So please take this in mind and get your (historical) facts straight before start bashing (something you enjoy as a German, since you've mentioned it yourself).


Sigh... You really should freshen up on your history. We have absolutely no obligation to remember anything. You should read up on the cause of the rise of the nsdap before the second world war and the founding of the third reich. One of the causes was the issue of reparations for the first WW. The amount was huge (like mentioned before). Also there was no graciousness involved at all after WW2, there was simply no way a destroyed and divided country like Germany with nearly no industry left could have handled that amount of debt - Instead we paid the debt over time - and we still pay.
Germany paid off all the debts from WW1 in 2010 - 90 years after the war. For WW2: We still pay more than 500 Million € per year "Wiedergutmachung des Bundes" - google it. And those are not even the reparations, that is only for the victims (direct and indirect ones).

I told you I did not want to go into detail over WW2 because it was complicated, did you read that? Obviously not, so I will make it short and sweet: GDR paid ~200B € until 1953, West Germany paid ~4B€. The USSR dismantled nearly all of East Germanys infrastructure after the war and shipped it back to Russia. More than 3 Million Germans were used for forced Labour. The Allies confiscated significant values of German patents, copyrights and trademarks. Some of the German territory was annexed and incorporated into Poland.  

You see, we Germans don't bash someone for nothing, some of you Greeks cry out because of your governments austerity policy - we Germans live under it for the better part of 15 years. Massive social reforms and privatisation - do you think we liked it? No, we did not. Was it necessary? Indeed it was.
Your problem is, again, not the debt to the EU - you don't even have to pay back anything until 2019 iirc, and the interest is very low. Your problems are the private debts. And the lack of ability of your past Government to execute reforms and to collect taxes from the rich Greeks, which had free reign for so long that it's nearly impossible now to find the hidden banking accounts.

On the first comment from you:
How's that different from where's Greece is at, at the moment?

On the second comment:
This is a bit different from my perspective. We agree there were some forced labour and the East Germany has been suffering for way too long, but please refresh my memory: What exactly happened when the West Germany absorbed them after the joint? Capitalism over Communism happened. Companies were liquefied for literally next to nothing and the people were in a state of slavery for more than 10 years by the "new" companies that took over.

"We agree to disagree" said Schaeuble to Varoufakis. "We didn't even agree that we disagree" he replied. That's what is great in Democracy. Everybody has the right to say his thesis - nobody has to agree with it though.
1492  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2015, 07:39:53 AM
Chiming in on the Greek situation.

One of the interesting things I have learned over the last few days has been how the bailout money was actually used.

Just like in 2008, the bailouts were designed to prevent a broader financial panic involving the banks. Of the 230 billion euros that Greece received, only 11% actually stayed in Greece to finance government activity. The rest was used to pay back old bondholders (mainly Greek and European Banks) and make interest payments.

Instead of defaulting 5 years ago, the Greeks were strong-armed into a bailout designed to prevent panic. Then the crisis spread to other countries, and the EU has muddled through from one crisis to the next for 5 years. After losing 25% of GDP, a chronic unemployment rate above 26% and with debt at 170 debt/GDP ratios, the Greeks are screwed and, more importantly, they have nothing to lose. They either default and possibly leave the Euro, or they stick with the horrible depression they have been in for 5yrs.

The difference is that if they default today, German and Italian banks will not take a hit, BUT if they default (and especially if they leave the Euro), the financial and political ramifications are impossible to predict. It could be the EU's Lehman moment.

I am surprised that the Germans are letting this get so unpleasant. The amount the Greeks want is nothing compared to the strategic importance of Greece as a NATO ally. They must be seriously worried about the signal they would send to Spain and Italy if they agree to let Greece write off some debt. The political environment in Europe is turning against Germany - the real wild-card in this situation are Austerity-weary voters.

Source for the bailout stats (Martin Wolf of the FT)- http://www.ft.com/intl/cms/s/0/44c56806-a556-11e4-ad35-00144feab7de.html#axzz3RNvpcnSg


I certainly couldn't write the facts better. Congrats on delivering the truth Specular.


It's understandable that you are searching for arguments to get Germany to cut some of the debts, but the warcrime reparations payment is laughable at best. Do you even know how much Germany paid after WW1? 67,7 Billion Goldmark (~225B € with todays prices). I won't start with WW2 because it's a lot more difficult, but trust me that the damages paid were some orders of magnitude higher if calculated with current prices.

Just because Greece is nearly bancrupt does not mean you can just pull some 70 year old reparations out of your pockets in order to get by. The sad thing is, you are bancrupt even with all the help you got, Ireland etc. got the same help and are stabilized, but your country has just so much debt in the private sector - even with a cut in eu debt - you still won't be able to pay back the private creditors.

@Mota:
It's nice of you not mentioning about the German WW2 reparations, because THERE WERE NOT ANY!




Take a good look at this picture. It's from 1953 where the second man from the left is the late Konstantinos Karamanlis. This man together with the leaders of 20 countries have signed off the "biggest since the Weimar era haircut" since Germany couldn't afford to pay its debt to those countries.

Germany has the OBLIGATION to remember that its growth and prosperity is based on the graciousness of its opponents to rub 50% of its enormous debt towards them. So please take this in mind and get your (historical) facts straight before start bashing (something you enjoy as a German, since you've mentioned it yourself).

As for your current economic growth there are certain facts that it's based on other things than "hard work" only. Please read without prejudice about the most famous German companies and how they got bigger:
https://translate.google.com/translate?sl=el&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.imerodromos.gr%2Fsoible-aima%2F&edit-text=

Last but not Least:
What's not being told, is WHERE THE FUCK the funds went. I quoted Specular's post above since he was very thorough posting the absolute truth about them. I indulge you to read it again if you didn't understand it properly. So quit blaming us for our previous sins, for nobody from our politicians (yours too) is a saint.

I personally wish (as a Greek) that we don't come into an agreement. I wish Varoufakis has a pair of balls of steel (TM) to make the bold move NOT to sign with any of EU financial ministers about ANY continuance of the despicable austerity program of yours. We don't need your money, more than what you need your precious coherence within your EU economic prison. Things will be not far worse for us - we're out in the rain and wet through and through.

Some say that if we leave the EU, it will be better for you too...
Good luck with that. You're going to need it.
Roll Eyes
1493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2015, 09:18:40 PM
it's pretty loathsome behavior to hope for economic collapses -- with no regard for the lives it would destroy -- just so you can (maybe) make a few extra bucks off your BTC.

Either the Greeks suffer or all of Europe suffers. I prefer less suffering to more suffering so I don't see what's loathsome about that.



Oh spare me. Of all of you discussing it, I am confident you are the one who would give the least fucks about who suffers or how much as long as you think it will help you make a few extra bucks.

I LOL'd...  Grin
1494  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 10:42:53 PM
Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists.

This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon.

Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA.

This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that.

Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation.

As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it.

There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it.

I 100% agree.  It's not in the EU's best interest or Greece's best interest to leave the EU.  In the end though, I think it's at least possible, many years down the road, as negotiations fail and their economy fails for them to "voluntarily" leave the EU...

This pretty much draws it all very legibly. I have something to add though. Under the EU agreement, there's no "rule" that "forces" a country to leave. Actually, something like that is not documented. So, even if Schauble's or Varoufakis threats about Austerity or Not Austerity, New Agreement, or No New Agreement, it's simply "politics". As it's already said above, I'm waiting for a mutual understanding, a little bit of this, for a little bit of that, and a bittersweet outcome. Greece won't leave the EU but will have to pay a price. It's not possible or even sane for both parts.
1495  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 05:59:46 PM
German finmin: If Greece doesn't want new programme, that's it


http://www.reuters.com/article/2015/02/10/eurozone-greece-schaeuble-idUSB4N0V000Q20150210
 Grin
1496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 05:55:23 PM
I only keep my BTCs on cold storage. I'm just here for news/updates and -ofcourse- trolling the trolls Tongue

Same here. Fun, isn't it?

 Cool

Back in the early days, some of the smartest people in the world have been hanging around here. They were posting tech stuff, chatting about the fiat economy and politics, even trying to predict if a specific pattern was responsible for the USD/BTC price. But then; MtGox arrived. Then the trolls followed. And my ignore list must now contain more than 50 persons. Tongue
1497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 05:50:03 PM
Since many of his posts were probably deleted for the page 10,000 deletes (maybe off on holidays?) he likely averages 20 posts per day, which is 10 war dollars per day.

Not a bad racket, it requires absolutely no mental ability whatsoever from the looks of it so hey...free money.

I doubt he gets paid for trolling. He's mediocre abilities on doing even that are not worth the dough. I believe he's just somebody with no life to spare and he enjoys being here doing something for nothing. Of course, this is the internet and he might be a she. Or even a dog for that matter... Roll Eyes

1498  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 05:45:30 PM
Another day, and delusional trolls still think that coming here every 5 seconds to try to convince us that Bitcoin is a waste of time is actually going to convince anyone with more than straw for brains  Cheesy

trolltards gonna troll

That's why the magic button "Ignore" is for. This place is whole lot different than what it used to be. Cool

Your join date is 2011.
You must have made a lot of money out of BTC.

Bet this place was better without the trolls.
I had. But I got Goxxed (fiat & BTC) and Vircurexxed (2 times). From then I only keep my BTCs on cold storage. I'm just here for news/updates and -ofcourse- trolling the trolls Tongue
1499  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 04:38:56 PM
Another day, and delusional trolls still think that coming here every 5 seconds to try to convince us that Bitcoin is a waste of time is actually going to convince anyone with more than straw for brains  Cheesy

trolltards gonna troll

That's why the magic button "Ignore" is for. This place is whole lot different than what it used to be. Cool
1500  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2015, 04:35:10 PM
7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro.

Greece is out of money because the fools who got elected promised tax breaks and the fools who elected them stopped paying their taxes, hoping to get a better deal. So now it's not just the banks that are out of cash, but the government as well.

You got it all wrong in so many ways... I wonder if you even know where Greece is on the map... Grin
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