Monkey is suddenly fearful of an impulsive downward movement.
Perhaps monkeys are in touch with their primitive impulsive instincts than I am. Rationally, I do not see how this thing can fail to take off. Every professional trader in every major financial center must realize at this point, that a 10x, 50x move is all but guarranteed when COIN lists. How can they not be loading up in their personal accounts?
Still, monkey sez: Danger of 640 floor breaking over the next 5 hours.
It wouldn't be Bitcoin without a random flash crash. |
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Sell walls on Stamp are pretty thin...we could very easily get to $660 today if things hold up like they are right now...
Would be def nice! But not sure if real. Walls have been thinner already. Tonight seems a bit too soon  Waiting till tomorrow when all Americans will be out in their backyard and too full of burgers to panic buy when the price starts to move up. |
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When the price is lower than 700..
When the bears feels a little under ...
I want to buy hundred or hundreds....
But my pocket is empty like a .. something that rhyme to under :-)
desolate tundra? Under and tundra don't rhyme at all .. I've heard "thunder" rhymed with "tundra" before so, meh.  |
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I felt forewarned prior to the December bubble, I was confident we were going up, I don't think we are going up just yet at the moment. But then again I have a 1 out of 3 record, and some more lessons to learn.
I was sure we were underpriced but I was expecting that people had learned their lessons and we were post bubble and we'd get a steady, if wobbly, rise. Then it all got very exciting. |
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Maybe ill add a thinkpad auction if thats what coders use. I find devving on mac air to be brutal.
I'm looking at the T530 (currently 730 on newegg). Been impressed with the Thinkpads I've been around so far. |
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It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat.
You lost me there. The field was most level when our weapons were hands, feet, and teeth. It has become steadily more uneven since then: the guys with more money generally have the best defenses and deadliest weapons, and technological advances have only amplified the difference. No. It might have been nearly level between young, fit men but age a bit, get sick or be a child or female and you start getting power imbalance. Band a few young fit healthy men together and you start having a mechanism for subjugation. Throw swords in there, expensive and rare at the time and requiring, once more, a degree of physical prowess to operate successfully and you've cemented the deal. Now, throw a few inexpensive firearms in there and suddenly even the weak and unskilled can put down several oppressors without letting their physical advantage get anywhere close. It's a game-changer (physical advantage still plays into things but its importance is greatly diminished). |
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For the sake of completeness, you should mention that a stateless world is not just an anarcho-libertarian ideal. It's also the Marxist ideal. Mr. Marx says that at the actual Communism stage of societal development there will be no government.
It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat. |
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So, I think that the truth is somewhere in the middle. But in the context of my previous post, one truth remains.
If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others
You miss out "get lucky" but more importantly "Use your resources wisely" (which dovetails a little with the "Be talented"). In truth, many here used their knowledge of the arts to recognize an idea (rightly or wrongly) as something with a huge potential and invested some of their capital, obtained through other means, to jump on board (in the process, rewarding those who had put in the 1) and 2) from above). |
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I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.
The labor theory of value has been debunked for a long time. |
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I don't see any of those things happening in the US any time soon. I was in new York last year, for a couple of weeks, and now I wonder whether the doomsday prophets are perhaps posting from another planet....
But New York is where all the money goes anyway. Though you're correct in general, we've got a way to go before a real collapse and with a bit of luck, the landing won't be too hard. But it will be painful for many people and the wise are looking at ways to mitigate the impact on themselves as much as possible. |
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When people start to realize how easy crazy is to buy things in locally and the internet without the need of giving credit card or bank information to anyone acceptance is going to increase. It's the next natural / logical step, credit cards are a thing of the past and obsolete.
Good point. I don't think Bitcoin has the awareness for it to make much of a difference yet but in time, every big credit card number theft story will work in Bitcoin's favor. |
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You should spend a few days here to have a glimpse of what the country is like. A bit larger than what you can see through the internet...  For sure. I wouldn't mind a visit one day though it is not too likely to happen for various reasons (ironically, not least due to the declining value of my income and savings due to inflationary monetary policy). Such problems tend to be linked with bad financial policy (though not without exception) |
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No matter how much money the government creates of derstroys, confiscates or gives away, the real weath of the country will not change. Fiddling with the finacial system, the currency, and the money supply can only change the distribution of wealth among the citizens
Incorrect. That money represents claims on real resources. When the government starts messing with things, those resources get misallocated and removed from the economy. On the other hand, in economic crises and hyperinflation times, the austerity measures that neocons have convinced nations to use are precisely designed to trasfer wealth from ordinary citizens to the banks and big financial players. If such a crisis comes, can bitcoin (assuming it succeeds) save our wealth from being taken that way? I don't think that will work. For one thing among many, in a crisis most people need to take money out of investment funds and savings in order to survive; so the value of bitcoin is likely to drop, due to diminished demand, rather than increase.
By the time austerity measures are needed, that wealth has already been taken by the wealthy. The solution is not to just keep printing more and more money, however, that just keeps the transfer going. Austerity measures *are* needed but in true government fashion, they tend to implement measures that hurt rather than help. |
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Believe me: I have lived most of my life in a country with high inflation, sometimes hyperinflation, that periodically had to redefine the currency by dropping three zeros. (I still must have somehere coins whose nominal value today is a few pico- or femtodollars.) Inflation and hyperinflation are a big inconvenience, waste a lot of time, make things inefficient and stressful; but people can finda ways to adapt and survive, and the country continues to function without becoming a Mad Max world.
For sure https://www.facebook.com/photo.php?v=634731429943273 |
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he must have paid a premium to get all of them! is that not a seriously bullish sign or is their going to be fear of him dumping them?
Probably. But from idiots. |
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My point is to say there will be no USA in 20 years is a naive statement. The USA has far too much power, momentum and wealth to go that quickly. I am not saying it isn't breaking. But I am saying it will not fail that fast.
The USA is a federation of 50 smaller states. It could easily fracture without necessarily causing a huge catastrophe. The last few administrations have not exactly done much to ease things. There may still be a "USA" in 20 years time but it may not resemble what you see when you look at the map today. If it does happen, there's a fair chance it could happen quite quickly. |
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The lifespan isn't really the issue, it's what happens at the end of life. The government could declare tomorrow that the "dollar" is old and busted, and the "odlar" is the new hotness. Except the two currencies work exactly the same way, nothing really happens. Everyone just exchanges one for the other and life continues just as before.
I wonder why no government has ever thought of that before.  |
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It's funny that before 1971 all were non-debt based and now they are all debt based ...
It was basically the biggest heist(s) ever. Before you could exchange money for gold so the gold was effectively yours. After, nada. (Note: I am not an advocate of gold backed currencies in particular but this was still theft) And now the German govt can't even get the US govt to let them look at their gold. That was 4 1/2ish decades ago now. Things have not got any better. |
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The Silk Road government auction coins are on the move! All to one address. Single buyer?
That would be impressive but possibly they are sweeping the funds from cold storage to a hot wallet. |
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USGOV Antivirus
Threat detected: "WALLET.DAT"
Threat classification: Resource misuse
Action taken: Deleted |
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