we have members of those 3% here, self described. For certain (small) %% of people, age is mostly not a factor. They keep going and learn new things well into their eighties, maybe slowing down in the nineties. |
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I have a question: why it has to happen EXACTLY as the last time?
In short: it doesn't and it won't.
Reason: every bitcoin bull market was different so far.
When I am thinking about btc, one number sticks out:
On average, each earthling can have only $0.00273 BTC (current price $14.26).
If you spend $1426 on btc right now (buying 0.273 BTC) and not buy anymore EVER, you would be a 'guaranteed' 1% (even less in reality due to some having large stashes) among all earthlings (not counting only those with btc).
Granted, you won't be rich right now, but in terms of btc, you would be in 1% class.
A pretty good hedge, if you ask me.
TL;DR Those 0.273 BTC are a pretty good hedge (in case btc would win).
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@hueristic I hope your watching this game, just amazing 4 goals in 10 minutes WTF ??
Five in 21 min  !! I hope that it would end here and "robots" are eliminated. Its just that Debruyne never underestimate Belgian injections   Great player, but he can't help it, 'robots' are out. Now, hopefully LFC would win against Barcelona, sorry, Messi's fans. LFC is too dynamic for them. Could be a UK final, but I rather cheer for Ajax vs Tottenham. |
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...who's going to pick up the trash?
eventually, robots... |
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@hueristic I hope your watching this game, just amazing 4 goals in 10 minutes WTF ??
Five in 21 min !! I hope that it would end here and "robots" are eliminated. |
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Anybody know why coinbase (w/ or without pro) ACH deposit now takes 7 bd?
That's ridiculous. Used to be three days.
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I broke my leg on January 12th; about six inches above the ankle, both bones were in three pieces. That forced me off the shop floor for a good month before I was really mobile again, which meant nothing to do but PCB design (mostly from home) and firmware programming and drafting the sheet-metal housing. The prototype version of this machine was one trace and six components short of the final working design. I'm stunned my own self that it's less than three months from idea to release, though it really helps to have competent people able to handle the stuff I couldn't do during that time.
We're hoping to keep that R&D momentum going with two or three more new things this year, now that we do sticks, pods and hubs.
Great work and nice to hear that your leg is probably healed. I assume that it was probably operated on; must have been a nasty accident. I broke fibula once (a smaller lateral bone, running parallel to the larger tibia aka shinbone). Was in a cast using crutches for 2-3 mo. It's no fun. Best wishes re your "little" big miners. |
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Somewhere, deep in the spice-rich sands of the Arrakeen deserts, Shai-Hulud stirs.
Everyone here watched/liked pretty much the same movies (and/or books). Someone needs to make a psych profile of a bitcoiner or, better, WO bitcoiner. I predict: mostly well educated open-source participating technotrend gambler with a knack for 'scientific' explanation of his or her (less likely) theories. Yet, it seems to work (long term). |
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Norte Dame is in flames
I would like to see this properly investigated. and ...sorry about your car wreck. Around here people in trucks drive so aggressively that I mostly play defense (drive in the lane and not overtaking anyone). I was thinking of buying Tesla, but their recent instability and price flip-flopping made me wait. |
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China wanted the next step to be their currency (yuan or RMB), hence this is why they mess with bitcoin so much. That (next reserve being RMB) is not going to happen, sowwy. |
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Come on for title  For this to happen, 'robotic aliens' that are MC need to draw a game and LFC to keep winning. A tall order, but I wish that it would happen.
Highly unfortunate development. I thought Elwar had tacit approval or acquiescence for the seastead. I wonder where the disconnect is.
he did not ask the commander of the navy, perhaps....not trying to make a joke, but in the end all local 'agreements' could be superseded by a higher authority. |
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The article suggests the Thais are willing to forget the whole thing if he tows it somewhere else. Which seems to the simplest solution, albeit expensive in tow fees. The harder question is where to tow it to. Somehow, reminds me of 01 in terms of yearning for new developments in how civilization works and the "old" order. https://youtu.be/L0K6Cb1ZoG4?t=357 |
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Heh, doesn't look very nonsensical to me.
Just kiddin',
You looked (a bit) offensive,
with your,
"Noooo. Tis all wrong.",
So I replied sarcastically.
But now,
that I've realized my mistake,
accept my apology,
in the shape of a merit!
hey, your response to my Sunday's haiku wasn't a haiku... lol Thanks |
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Also voted yes.
Expecting at least one more dump and that'll be the one I am going to put lots of real money on btc. If it directly heads towards $50-100k without making that dump however, It is still fine by me but that's not what I expect.
That'll be the one I'll probably take my stack to double digits.
^^ could have two interpretations: 1. It dips and you increase your stack to double digits. OR 2. It goes to 50-100K and you decrease your stack to double digits (from higher). PS just kidding, I remember your posted numbers |
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~snip~
Noooo.
This is all wrong.
~snip~
What do you think of this one?  I think that it is funny. a graph was revealed,
willingly nonsensical,
a beautiful sight |
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I voted yes because I can imagine us going as low as ~$3,800 (or ~$3,200, worst case) by Oct, at the lastest, for the final "big dip". Incidentally, one of my favorite CT guys, @davthewave just posted this:  If the 2015 comparison holds true, we're in for the final retest of lows soon. It might be a good time to stock up an ammo to buy the last <$4,000 bitcoins, potentially. Peter Brandt seems to be expecting the ~$3300 "big dip" too: Big question re: analog year comparison is whether 10a rally will lead to 10b retest similar to 2013-2015 $BTC  Noooo. This is all wrong. 'big dippers' are wrong and straight 'exponentials' are wrong. It would be a unique structure, maybe, but not necessarily resembling 2013. I already posted my graph variant here: https://bitcointalk.org/index.php?topic=178336.msg50479459#msg50479459We will rise very sharply toward October then crash, most likely together with the stock market. We might even marginally exceed ATH by then or get close to it. After that it depends if we are in a 1987-like scenario, in which case btc would swiftly recover to ATH and keep going. However, if we get to be in either 1929-1932 scenario or, more likely, Japan 1989-2009 economical scenario, bitcoin would suffer together with everything else. |
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fascinating story...this guy sees things in pixels and how this relates to the nature of reality? Through Padgett’s eyes, the puddle is transformed into complex rippling patterns, overlapping and forming shapes like stars or snowflakes. And he wants everyone else to see what he sees. “They found that I had access to parts of the brain that we don’t have conscious access to and also the visual cortex was working in conjunction with the part of the brain that does mathematics, which obviously makes sense,” says Padgett. Simplest explanation is that he has a faulty circuit there, more complex explanation would be a doozy... http://www.bbc.com/future/story/20190411-the-violent-attack-that-turned-a-man-into-a-maths-geniusPerhaps, this guy should look at bitcoin charts and tell us the future (the right fractal). |
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I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.
Likely you misspoke, here. Morally wrong and illegal are two different things. Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though. Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration. You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing? I don't see the connection to the minimum wage, which is a function of productivity and income?
Historically, there was a connection between productivity and income, but it largely disappeared in the last 45 years or so. These are the facts: Productivity change 1973-2017: 77% Hourly pay during the same period: 12.4% https://www.epi.org/productivity-pay-gap/I don't care what causes this, but it can't be sustainable. As far as the productivity gap goes. Workers are more productive because of the tools the business owners acquire for their use. As such, the numbers are inaccurate for any worker that does not buy their own tools to use in the business. This does not explain why in 1950-1973 period two graphs coincided. A simpler explanation would be that after 1973 economy get "financialized" and a larger slice of production gains (in %) went into the pocket of financiers, CEOs, etc. Perhaps it is a natural law, but then 1789 is a natural law as well. Do we want a repeat? I hope, not. Pauperizing workers cannot end in anything even remotely good down the pike. Can it last another 50 years? Maybe, but i hope to be out of the workforce, politics, etc one way or another well before that. |
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I don't see the connection to the minimum wage, which is a function of productivity and income?
Historically, there was a connection between productivity and income, but it largely disappeared in the last 45 years or so. These are the facts: Productivity change 1973-2017: 77% Hourly pay during the same period: 12.4% https://www.epi.org/productivity-pay-gap/I don't care what causes this, but it can't be sustainable much longer. |
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A simple fact:
in 1975 the minimal wage was $5.15
in 2019 the minimal wage is $7.25
Well, $5.15 adjusted for inflation would be $24.33 today, so $15 number is not crazy.
Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).
The rich are different..., but I liked him more during drinking period...
I had to look this up bc I remember making 4.25 in high school decades after 1975. Looks like minimum wage was 2.10 in '75. I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price. This prices out some people out of the work force against their will. I see it as somewhat useful in a fiat currency system where the workers are getting constant de facto pay cuts each day as the currency is debased through money printing. These workers cant negotiate pay raises fast enough to keep up with the de facto pay cuts. When Bitcoin is the global reserve currency and all sane workers demand to be paid in Bitcoin, de facto pay cuts will be a thing of the past and minimum wage wont be useful at all. Workers will have all the bargaining power. Begging bosses or govs for raises each year wont be necessary as workers will have de facto pay raises as the currency gains value. When Bitcoin gains value too fast for some employers to successfully stay in business, then employers will have to come hat in hand and beg the workers to take less Bitcoin so they can stay in business. This change in the power dynamic of employee/employer wage negotiation will usher in a prosperity the world has never witnessed. 6k soon. Corrected (not sure where I got a source that was so wrong). Labor is weak in US, however even super docile teachers were striking or threatening to do so in a bunch of southern states last year when they decided that they cannot take it anymore (even with the laws expressly prohibiting such strike). IMHO, a state that is not taking proper care of education is doomed in the long run. |
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