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2101  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 11, 2012, 10:15:36 PM
Can anybody explain why it doesn't show up here?
They should have refreshed by now.


it takes a while.

It shouldn't take this long.  Also, I thought MtGox set up seperate feeds, some even requiring a service fee or something.  bitcoincharts is probably on a feed that isn't glitching right now.
2102  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 11, 2012, 10:11:08 PM
You guys are getting trolled by a reporting error.
2103  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 11, 2012, 10:09:35 PM
I am so confused right now...

This happened the other day.  I didn't even bother looking into it because the odds of it being legitimate are tiny.  Odds are it's a glitch.  I really don't think it's anything to get worked up over.  MtGox's feeds get messed up from time to time.

oh come on.  gox does not ever glitch like this.

Yes it does.  A few months ago I recall something like this.  IIRC it was even bigger.
2104  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 11, 2012, 10:05:56 PM
I am so confused right now...

This happened the other day.  I didn't even bother looking into it because the odds of it being legitimate are tiny.  Odds are it's a glitch.  I really don't think it's anything to get worked up over.  MtGox's feeds get messed up from time to time.
2105  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 11, 2012, 10:02:23 PM
...whaaat?  Ok goxlive also show this, so this was not mistake... jeez this thing is big!

I don't think that's real.  Maybe there'a glitch in the way the various currencies are getting reported.  I doubt somebody has some $1.7m in MtGox.
2106  Economy / Speculation / Re: What is the best way to acquire 1 million dollars worth of bitcoins? on: September 11, 2012, 12:23:27 PM
I'd create a schedule for a month and try to stick to it.  It'd be a little tempting to do it in one buy.  Right now you could buy $1m worth of bitcoins without breaking $13.
2107  Bitcoin / Bitcoin Discussion / Re: Did pirate hurt the bitcoin economy? on: September 10, 2012, 04:13:22 PM
This is just a personal view, but I noticed like maybe 5 months there were a lot of jobs and things that can be done for bitcoins now I notice there are hardly any. I feel like this will hurt new people coming into the community. 

Yes.  Despite that I think his involvement had something to do with the price going up over the past several months, I think the project and community as a whole are worse off from his involvement in at least the sense that his shenanigans adds to an unfortunate and growing list of scams and hacks that lots of people who might otherwise investigate bitcoin will negatively associate with it and either delay taking it seriously or write it off altogether.
2108  Bitcoin / Bitcoin Discussion / Re: Response on: September 10, 2012, 04:10:08 PM
Win = Win
Lose = Don't lose

Well played.

lol
2109  Bitcoin / Bitcoin Discussion / Re: Bitcoin's are totally useless once you have a state of WAR! on: September 07, 2012, 03:17:32 PM
What's to stop the bitcoin elite from financing a large state's war? The profit incentive would be tremendous. It's what the goldsmiths and lenders did several hundred years ago for british and american wars. It was possible then, it will be possible again.

In order for the elite to wage war the economy must first produce to enable war consumption. Without the production they cannot wage war.

The sounder a currency the more the elite would bleed savings until their resources are exhausted and they can no longer fund the mercenaries. The Golden Age of the soundest gold standard (there were multiple gold standards) was also the time of the least war because the State was more tightly constrained from being able to prey on the production of producers.

There is a huge difference in the economics of violence in the Information Age in contrast to the Industrial Age. The cost of protection and return on investment from extortion has changed dramatically in favor of both the producers and holders of capital. Both producers and holders of capital are in large part no longer held hostage by geography and consequently no longer need institutions capable of projecting tremendous amounts of violence to protect their assets.

And one of the reasons the elite did not bleed wealth was because of the fractional reserve lending system which allowed them to not bleed but consolidate wealth, particularly during times of war. Bitcoin being both the blood (gold) and the veins (storage & value transfer mechanism) constricts the predatory and agressive class far tighter than gold or anything else ever could.

What evidence are you using to support these claims?  This well researched book suggest that we're currently living in the most peaceful time in earth's history in terms of violence generally and war violence in particular.  There's tons of data in that book that would seem to contradict your claim.
2110  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 07, 2012, 02:41:15 AM
Bye bye singel digits! Nice knowing you, hope we never meet again ..  Smiley

I feel like I've heard that a few times before...
2111  Bitcoin / Bitcoin Discussion / Re: Bitcoin's are totally useless once you have a state of WAR! on: September 06, 2012, 07:37:42 PM
...continued from my previous post from heated/fun debate about Bitcoin with a friend who is well and good in the current economic system...

The point my friend is making (and quite convincingly if I do say so myself) is that the current system cannot be taken/viewed from an extremist's point of view and simply written off as "evil".  Our current system is here, and it is working.  The main fault with it, in his view, is that it can be used to create wars to eliminate unwanted and unfriendly (non)participants of the current system.  Once that takes place, you have only participating players left, making the current system... well... "The current system!" Smiley

In order for Bitcoin to succeed, it has to topple, beat, replace, compete with the current system which is really good for WARS!  And, my friend suggests, Bitcoin will not succeed because:

Bitcoin's are totally useless once you have a state of WAR!

What do you think? Where is he right/wrong?

I don't even know what you mean by "a state of WAR!".  A state of war, where?  There are states of war all over the place right now in lots of different senses.  And that's been the case from bitcoin's birth to now.  So, clearly you can't mean any such state of war(s) as already exist, because bitcoin hasn't been rendered useless by them.  So, what then?  Like, a world-wide, in everyone's backyard, guns going off all around, state of war?  I mean, seriously, WTF are you talking about.

The main fault with the current system is that it can be used to create wars?  What?  So let's imagine a system where only bitcoin is used.  Would that mean no wars?  Why couldn't a bitcoin only system "create" wars in whatever ways you imagine this one does?  I don't even see the skeleton of a coherent argument here.
2112  Economy / Speculation / Re: How deep do you expect the price to fall? on: September 06, 2012, 03:42:46 PM
What the fuck... Bitfloor got hacked, there are still problems with Pirate, but the price is rising. The market is completely irrational.

Um you mean that both the Bitfloor and Pirate debacles are already priced into the market?  That sounds extremely rational to me.

Bitfloor priced in? Hack only happened yesterday. Unlikely.

Well, yes.  See, since "bitcoin" is essentially synonymous with "online currency the service providers of which will perpetually be subject to thefts from hacking and poor security practices" the market just already knows that some significant percentage of bitcoins will be stolen during any given month, and so, us market participants, always try to price that knowledge in.
2113  Other / Off-topic / Re: speculators, let's become manipulators on: September 06, 2012, 02:22:22 AM
ATTENTION:  I hacked all the things.  Send me all the bitcoins.
2114  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 05, 2012, 10:35:41 PM
WTH?  Did everyone decide it was time to go all in again after selling above $12?
It's the Romney tax return hoax in the mainstream news.

Srsly?
2115  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 05, 2012, 10:34:03 PM
WTH?  Did everyone decide it was time to go all in again after selling above $12?
2116  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 05, 2012, 10:15:22 PM
I came very close to selling almost 1000 around $9.8x a few days ago.  I sort of feel like after you almost get in a car wreck but manage to come out just fine.
2117  Economy / Speculation / Re: #1 most popular Bitcoin Price Forecasts (subscribe here: bitcoinbullbear.com) on: September 05, 2012, 10:13:03 PM
Short term alert to subscribers issued.

that cannot be very bullish.

there is no way to find out for non subscribers if an alert is bullish, bearish or neutral

Sure there is.  Load up mtgoxlive and wait a few minutes.  You'll know.

:-)

 Wink
2118  Economy / Speculation / Re: #1 most popular Bitcoin Price Forecasts (subscribe here: bitcoinbullbear.com) on: September 05, 2012, 07:16:20 PM
Short term alert to subscribers issued.

that cannot be very bullish.

there is no way to find out for non subscribers if an alert is bullish, bearish or neutral

Sure there is.  Load up mtgoxlive and wait a few minutes.  You'll know.
2119  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 03, 2012, 12:44:14 PM
if you're scared. plz bet here: http://betsofbitco.in/item?id=619

Hmm, tempted to place a bet.  This one seems easy.
2120  Economy / Speculation / Re: How deep do you expect the price to fall? on: September 02, 2012, 09:03:56 PM
Doesn't look to me like it's falling. The last time we see single digits is closing in. Might be here already, who knows.

I think I heard this before, like in the last week of August.


Also, May and June...2011.
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