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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 13, 2015, 09:57:05 AM
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Since we seem to be having a little bit of a slow time in wall watching (even though there seems to be quite a bit of volume and up and down price pressure in this $320- to $340 range), Can someone explain the meaning of the new bar below chart buddy?
What is it? What does it mean?
Maybe 24 hour volume somewhere? bitstamp? or something else?
Its counting down the blocks until halving.  |
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4308
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2015, 04:24:58 PM
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all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.
Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire? A ridiculously high limit is still a limit. If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms. What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs." Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay. Please refer to the red, bold text. ty. Actually there IS a hard limit. What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially. And at that point lies your hard limit. Exactly, one does not simply increase pig production. Need more sheds, more heat, more food, more transport, more staff, more executioners, more cleaners. And then what when demand falls back. |
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4309
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: November 11, 2015, 06:09:37 PM
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Don't you understand? None of that will matter in a crypto currency based economy.
The only reason you need to deal with fiat now is because few accept crypto, and none pay crypto.
Think beyond 10 years. Think beyond 20.
A crypto currency based economy would still not be exempt from all laws. And if laws can't be imposed it will be illegal. And if it is illegal then you will see no 'crypto currency based economy'. Wake up. You do realize that a cryptocurrency based economy can exist over borders and circumvent through government laws right? This statement is dumb for so many reasons. There is a clear difference between circumvent and avoid. Don't you get that? Any time you want to make significant purchase in real-life with your anon currency you are fucked. But by all means you can avoid that by living in your mothers basement. all in all, semi-valid points, mainly if it was possible to turn off the internet. ultimately though, i speculate that governments will allow this type of tech to persist the same reason they do many things - big corporations / banks will force them to. Once the business / banking world gets over their daydream of permissioned blockchains, they will realize the power of the decentralized ledger provided by cryptocurrencies. Due to its current size, they will first investigate bitcoin, then they will realize the inherent flaws of a transparent ledger, and hopefully by that time Monero is chugging along nicely and these companies will go "hello" and Monero will go "would you like some ring signatures?" and they will live happily ever after. Also the cost of "doing something about it" from a gov point of view. I work in the sector and there is not infinite funds. It has to be chosen what to do and scrutinised to the nth degree for clear and proportionate benefits. |
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4310
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Economy / Speculation / Re: Analysis ended
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on: November 11, 2015, 12:24:00 PM
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I hope the masterluc is ok. Reminded me of this post in summer Without this thread I think I'd already was dead, because last bubble informational and emotional pressure put me in deep hypertensive crisis despite I earned a lot of money.
Poor master  Didn't he bail before the dump? so he can buy in lower now. Happy days. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: November 11, 2015, 09:22:23 AM
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Gold has been digitized. Everything's been digitized
Not really. A gold-linked or gold-backed derivative can be digitized. Physical gold can't. Oh yeah then how do you think they teleport it then? The digital dollar is digital but not private. It is also not decentralized.
The paper cash dollar is private but not digital. One can argue it is decentralized because once it is issued the US Government has no control over its use.
Its centralised because the paper note is just a promise, by someone (central). also they can devalue it or whatever they want (centrally) and what can you do about it? |
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