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6981  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:33:12 PM
...grow some balls put a face to your name if your going to slander someone.

Ok, Mr.dreamspark.  Hippy parents, I take it?

Not sure what your trying to say but okay...

You are asking people to offer their real names and pics on an anonymous internet forum before posting their opinions.  While posting an opinion under a pseudonym without an attached selfie.  Get it now, Anon?

No, try again.

I'm asking people who throw out slander and attempt to defame people for no good reason, call someone a bad businessman and insinuating that they are better/ more successful to back themselves up and not hide behind a pseudo anon identity. Particularly when dealing with someone who is doing the exact opposite of that.

Am I doing any of those things? No

If I was I'd have the balls to put a face to a name and not hide behind a computer like a 10 year old.

Slander?  Factual statements are not slander, no matter how unsettling they may be.  Please stop posting slanderous statements regarding Reptile's detractors without providing your full name, a copy of your passport, and a copy of your birth certificate.  

For the record, I am NotLambchop, and here is my photo:





6982  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:21:57 PM
...
I fail to see what that has to do with "Bitcoin price movement tracking and discussion"  Smiley
...

When a mental patient gives out financial advice, take it with a grain of salt.
Work for you?


No it doesn't actually.

It might sound tongue in cheek, but I believe there are plenty of people - not necessarily rpietila - who would be considered ripe for a mental institution but who have particularly keen insight in certain respects. It seems quite obvious to me that these things can often go hand in hand: a person has an unusually large part of their concentration focussed on one thing, leaving less of their mind or personality for the rest.

When his advice is clearly fueled by manic episodes, after which he ends up hospitalized?

Also SATAN!1!

Great, so don't take the advice, anyone who takes advice from someone on the internet is an idiot.

I fail to see how this affects your life.

You asked how this guy's mental state is relevant to the thread where he doles out financial advice.  I obliged.  Instead of thanking me, you went on to discredit this entire thread.
Way to go, Anon.
6983  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:18:31 PM
...grow some balls put a face to your name if your going to slander someone.

Ok, Mr.dreamspark.  Hippy parents, I take it?

Not sure what your trying to say but okay...

You are asking people to offer their real names and pics on an anonymous internet forum before posting their opinions.  While posting an opinion under a pseudonym without an attached selfie.  Get it now, Anon?
6984  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:15:08 PM
...
I fail to see what that has to do with "Bitcoin price movement tracking and discussion"  Smiley
...

When a mental patient gives out financial advice, take it with a grain of salt.
Work for you?


No it doesn't actually.

It might sound tongue in cheek, but I believe there are plenty of people - not necessarily rpietila - who would be considered ripe for a mental institution but who have particularly keen insight in certain respects. It seems quite obvious to me that these things can often go hand in hand: a person has an unusually large part of their concentration focussed on one thing, leaving less of their mind or personality for the rest.

When his advice is clearly fueled by manic episodes, after which he ends up hospitalized?

Also SATAN!1!
6985  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:10:36 PM
Satan approves this thread

You jumped the gun.  wait!

Hahahahaha!  Mwahhhh!!!1

6986  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:07:06 PM
...
I fail to see what that has to do with "Bitcoin price movement tracking and discussion"  Smiley
...

When a mental patient gives out financial advice, take it with a grain of salt.
Work for you?
6987  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 12, 2014, 02:02:00 PM
...grow some balls put a face to your name if your going to slander someone.

Ok, Mr.dreamspark.  Hippy parents, I take it?
6988  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 04:19:03 AM
^Real data?  Real data showing that real estate prices go up when demand doubles?  Or that NYC rent is high?  Those things should be evident on their face to most post-pubescent earthlings without serious learning disabilities.  

You seem to establish a direct causal relationships between FRB and rising hose prices without citing any data (or even hinting at the underlying reasoning ...or the household solvent which caused said reasoning to take place), but you want me to produce evidence that the price of a house will be higher when more people want to buy it?  RU 4realz?
6989  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 02:58:31 AM

Inflation steals from everyone.  But it's worse than that - rising property prices steal from the young and disadvantaged people.

Ridiculous.  The young are more than compensated for inflation with rising wages.  Did you ever work?  Did you get raises?  Were you raises keeping up with inflation?  Or...

Funny...  somehow young people's wages haven't kept up:

...

Lol, you're gauging the standard of living by house prices?  That's your basket?
Bro, do you realize that population has at least doubled since you were a kid?  For house prices to stay the same, we'd have to make houses smaller (we don't) or colonize another planet for moar, u know, 4 Lebensraum Cheesy

And the price of rice in China is...  lol  Seriously, explain to me why house prices have to be smaller?  Are we running out of land?  Are your kids getting smaller?

Did you think real estate prices are going up because there's a greater supply and a lower demand?  If twice as many people need to share this planet, each one of us would, naturally, get a smaller slice.  Since selfish pricks like myself aren't willing to let squatters onto our land, that means the rest needs to be divvied up into smaller parcels still.  So TL;DR yeah, real estate prices are going up.  It has nothing to do with FRB or inflation, and everything to do with increased demand without an equally greater supply.  To somewhat make up for it, a ...computer, let's say, costs a bit less than its equivalent did in the 90s.  Basic stuff again, bro, I shouldn't have to explain this Smiley

I lived in NYC for a big chunk of my life.  Rent is pretty brutal there -- I'm sure I was paying a bigger portion of my income for my apartment than some guy in Iowa.  Though I wouldn't say that my standard of living was lower.
See how things work?  
6990  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 02:30:41 AM
In that case don't shit up this thread with your posts.  You cite yourself as a primary source -- only on bitcointalk, folks Cheesy

[angry, scathing words]

References:
[Austrian School, lol

^See?  There's your problem Smiley


Awww don't cry. I know the links are hard to understand. Look there's a rainbow



Disgusting 80s failbears only bring poverty, tears and despair.  You know why you don't see them around anymore?  Yeah, that's right.  They're doing time for buttraping defenseless shota.  Here's a mugshot of one of those disgusting deviants:



Thanks for nothing.  Pervert Angry
6991  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 02:17:08 AM
You asked "Explain me one thing: how can I pump up ozziecoin when it has zero value..."
I explained.
You forget to thank me and start sperging about fiat.  Again.

Rudeness Angry
6992  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 02:06:07 AM


I've seen the same crap in penny stock land all the time.  Wolves pumping & dumping on newbies.  Like you pumping your ozziecoin

Explain me one thing: how can I pump up ozziecoin when it has zero value, it's not listed on any cryptoexchange that I know of, we have not requested for such a listing and we're giving our half of all ozziecoins to the Aussie public free?

How do I pump that?  Can you please be my pump manager?

By not being an idiot who thinks every con must be a short con.  You create enough interest in the coin, you distribute some coin, you wait for people to start using and trading the coin, and, when it finally has sufficient value, you start selling your reserves.  
Simple.  Surprised I need to explain such basics.

@CoinCube:  Austrian School Cheesy Cheesy  Crazy old people with your souped-up Babbage Engines! Cheesy
6993  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:59:57 AM

Inflation steals from everyone.  But it's worse than that - rising property prices steal from the young and disadvantaged people.

Ridiculous.  The young are more than compensated for inflation with rising wages.  Did you ever work?  Did you get raises?  Were you raises keeping up with inflation?  Or...

Funny...  somehow young people's wages haven't kept up:

...

Lol, you're gauging the standard of living by house prices?  That's your basket?
Bro, do you realize that population has at least doubled since you were a kid?  For house prices to stay the same, we'd have to make houses smaller (we don't) or colonize another planet for moar, u know, 4 Lebensraum Cheesy
6994  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:48:57 AM
In that case don't shit up this thread with your posts.  You cite yourself as a primary source -- only on bitcointalk, folks Cheesy

[angry, scathing words]

References:
[Austrian School, lol

^See?  There's your problem Smiley
6995  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:30:40 AM
Does everyone here quote themselves?  No, you're wrong.  See my previous post Cheesy

Only people who value their time and don't like repeating themselves.
Read the posts I linked or don't I really don't care.

If you read them and still think I am wrong say so and why and I will respond.
Otherwise quite frankly you are not worth wasting my time on.


In that case don't shit up this thread with your posts.  You cite yourself as a primary source -- only on bitcointalk, folks Cheesy
6996  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:26:55 AM
...
Reading the links would really help you mate.  But that's ok.  I'll do it in my own words:

The people that invested in the fraudulent stuff in bitcoin made one of two errors.  1. They trusted people they shouldn't have trusted, and gave money to those fraudsters.  2. And this is the biggest mistake.  They leave bitcoin on exchanges and other services that use off Blockchain transactions. 

They swapped real bitcoins for fake bitcoins.  Bad move.
Lol, if everyone kept their money in their wallets and did absolutely nothing with it (didn't spend it, didn't invest it, literally did nothing with it), then any money would be just fine.  Unfortunately, money gets used -- it gets invested, it gets spent in transactions with virtual strangers, it gets used.  And that's where the blockchain has nothing to offer, and Visa, with its chargeback and government enforcement agencies hunting down and pwning crooks, has plenty.  See?

Quote
Banks are worse than all the above because they just make more money out of nothing.  It steals money from you without even realising it. It's the biggest heist ever.
No.  The biggest heist ever is when you give your money to your buddy Danny or Jon and he says okthxbi.
Quote
Inflation steals from everyone.  But it's worse than that - rising property prices steal from the young and disadvantaged people.

Ridiculous.  The young are more than compensated for inflation with rising wages.  Did you ever work?  Did you get raises?  Were you raises keeping up with inflation?  Or...
6997  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:16:34 AM
...
FRB increases the wealth divide because it creates money out of thin air.

And bitcoin is created out of???
And no, FRB does not create money out of thin air.
And no, FRB does not increase the wealth divide.  Money increases the wealth divide.  Non-inflationary money like Bitcoin [will eventually become] maintains the wealth divide.  Hoarders increase the wealth divide.  Greed increases the wealth divide.  Money revolutionaries like Danny Brewster, who  praise your pseudo-liber notions to rob you, as well as people who get robbed by the likes of him, increase the wealth divide.

FRB doesn't even rank, let's stop repeating nonsense.

Bitcoin is created out of Work
Created out of work?   WTF does that mean?  Then FRB loans are created out of work.  Or unicorn farts.  Or any statement that is so structurally crippled it's not even wrong.
Quote
Bitcoin's non-inflationary property is not a problem because the very fact that it is non-inflationary will result in bitcoin eventually losing market share to some future superior cryptocurrency that has some built in inflation.
Non sequitur.
Quote
Bitcoin thus won't increase or maintain the wealth divide because it is only the beginning of something better.
It won't if it fails, it will if it succeeds.  Are you saying that the seeds of Bitcoin's destruction are an intrinsic part of Bitcoin?  That it is a planned failure, to be superseded by a better currency?
Quote
FRB does effectively create money out of thin air. The posters up-thread describing it as fraud are correct. See the links to my posts on Finance linked above for a detailed analysis of this point.
Does everyone here quote themselves?  No, you're wrong.  See my previous post Cheesy
6998  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 01:03:50 AM
...
Relax mate or you're going to get an aneurysm.  Bitcoin has the blockchain mate.  If on the Blockchain = money.  Not on the Blockchain = not money.
I'm about as relaxed as I get without the aid of heavy recreational chemistry.
Now explain to me how the blockchain bit helped NeoBee "investors"?  Or how it helped Ukyo's depositors/investors?  Or how it helped Pirateat40's depositors/investors?  Or Patrick Harnett's depositors/investors? 
Quote
FRB creates money out of thin air.  Totally.  Even the central bankers admit that: https://bitcointalk.org/index.php?topic=602739.msg6653996#msg6653996
And bitcoin is created out of???  And why are you linking me to a bitcointalk topic like it's a primary source?  Say it in your own words, bro.
Quote
The FRB makes everyone without assets poorer, increasing the wealth divide: http://ozziecoin.com/index.php/fractional-reserve-banking-explained/  It's sad but totally true.
I assume it's your blog and you're quoting yourself?  No shortage of humility here Cheesy  Anyhow, no.  You're wrong.  Repeating yourself and linking to your blog (I assume it's your blog) only adds extra lulz.
Quote
Charlatans will always exist, but the biggest thieves by far wear suits:  http://www.ritholtz.com/blog/2014/05/6-years-after-financial-crisis-big-banks-are-still-committing-big-crimes/

Sure bro, there are plenty of scams in fiat world.  When 95% of banks simply walk away with *all of your money*, fiat banking would descend to where Bitcoin finance is now.
And you would have the beginnings of a point.
6999  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 12, 2014, 12:28:58 AM
...
FRB increases the wealth divide because it creates money out of thin air.

And bitcoin is created out of???
And no, FRB does not create money out of thin air.
And no, FRB does not increase the wealth divide.  Money increases the wealth divide.  Non-inflationary money like Bitcoin [will eventually become] maintains the wealth divide.  Hoarders increase the wealth divide.  Greed increases the wealth divide.  Money revolutionaries like Danny Brewster, who  praise your pseudo-liber notions to rob you, as well as people who get robbed by the likes of him, increase the wealth divide.

FRB doesn't even rank, let's stop repeating nonsense.
7000  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 11, 2014, 11:59:31 PM
FRB without regulation -- recipe for disaster.  Works just fine with regulation, though.  100% of the world's economy runs on fiat and FRB.

Well, you seemed to have forgotten the S&L crisis in the 1980s, and 2008 of course. Regulation is not a solution. In fact, it is part of the problem because it gives an illusion of security and it promotes risky behavior.

I'm not convinced that FRB is a good thing, but I don't think it is as evil as the conspiracy nuts claim. The advantage is increased availability of money for investment, leading to higher productivity and growth. The disadvantage is increased risk of failure. So far it has been a net positive, but the story is not over yet.

FRB also increases the wealth divide. It promotes aristocracy and not meritocracy.

Nah.  Money increases the wealth divide.  FRB is the way money works today.  No exceptions.  ...well, occasional fuqups like Pirate S&L, BitFunder and NeoBee. <==meritocracies immune to failure Smiley
Build an economy that works without FRB, then preach to me about economics.

P.S:  No, I do not work for a bank.
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