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41  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 09:43:07 PM
real = NOT plastic/silicone or whatever  Grin

She's seriously taking two jumps to close. And still better than any socialist since she at least tries trying.
42  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 04:26:48 PM
People buying now are not "lucky". They are informed.

As it always has been.

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.
Given the ratios, one could almost argue that informed people are extraordinarily lucky. If it weren't for the fact that people who are informed often never stop seeking out new information that is.

Same story with politics (ill-informed support of big government when theory and data have been crystal clear for decades) or the irrational climate hysteria.


As long as people who prefer following their favourite news sources think they're informed enough for their opinion to matter more than dirt things won't change much.
43  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 12:55:06 AM
so we're all selling our bitcoins right?

Buying.
You should be buying real gold and precious metals instead of fairy dust.

Where did Roach go?
44  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 12:02:54 AM


Remember folks, FoxNews says coronavirus is nothing to worry about. 
Do we live in parallel universes or something?

If you truly believe that corona is anything but a non-issue then the least that you could do is point your fingers where they belong. Namely the WHO and MSM, which kept discounting corona while Trump was acting and Tucker talking about the issue in a serious manner.

By the way, since you didn't seem to quite get it the first time around. You can take serious and appropriate counter-measures to an issue you believe to be irrelevant. It's called being preemptive or cautious. Hedging against the worst case scenario.
Did you sell your house and all your belongings to go long on Bitcoin? No? Then clearly you don't believe in Bitcoin! Who cares about taking appropriate and measured steps!


Either way, now that Trump outplayed Democrats by asking for a quarter of what he ended up getting in funding to combat corona and now that the WHO and MSM are suddenly taking the issue more seriously you somehow start pointing at Trump and Fox?

https://www.youtube.com/watch?v=KBsPh1Rq0Fw
https://www.youtube.com/watch?v=lydWQoqDNp8

We have Trump acting way ahead of everyone else, and Tucker ringing the alarm bells while the rest of the world was still busy playing the SJW game.


As much as I understand that you desperately want Trump out of office, I'm somewhat surprised that you would be so far departed from reality.
45  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:36:01 PM
so we're all selling our bitcoins right?
80x short.
46  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:54:29 PM
So Trump is a hero for banning travel but coronavirus is nothing to worry about. Got it.
I see you still love twisting words beyond their meaning. So what you're saying is.
47  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:40:06 PM
So the WH downplays corona after banning travel early on while the WHO clearly stated not to restrict travel or trade?

And Trump is going to be hurt by corona by candidates that are for open borders and free health care for illegals instead of Americans?

I mean, I get that the overwhelming majority of people on this planet is mentally impaired, but come on.

If the above figures are correct of 1.9 million US ICU admissions (they do sound like a worse case scenario), that’s not something you can casually blow off.  
At 2% mortality and 70% infection you get less than 100 Million deaths worldwide.

At your 4% (which is nowhere close to the <1% that I've seen for people that aren't already half-dead anyways) and 100% infection rate we'd still get 300 million at worst.

And that's assuming that neither vaccines nor cures will be developed and distributed. In reality we'll see deaths far below 100 million spread over several years, which is pretty much normal business.


Regardless, as far as politics goes. It is a matter of fact that Trump banned travel long before is usual and while the WHO was still opposed to restricting travel and trade. At the same time, MSM kept going on and on with its usual nonsense about mUh RaCisM aGaInSt cHiNeSe CorOnA PaTienTs.

If anyone reacted appropriately in the global political landscape it was Trump. Restrict spread as early as possible and try to keep things calm. You don't get to blame him for downplaying numbers when that was the status quo and he actually acted accordingly as well, unlike the WHO.

Not to mention that he's perfectly right with downplaying corona, both politically as well as realistically. People must be really bored to care about this nonsense.
48  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:27:32 PM
So the WH downplays corona after banning travel early on while the WHO clearly stated not to restrict travel or trade?

And Trump is going to be hurt by corona by candidates that are for open borders and free health care for illegals instead of Americans?

I mean, I get that the overwhelming majority of people on this planet is mentally impaired, but come on.
49  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 05:38:26 PM
It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.
It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

It's the same thing, in some sense. If you project circular motion onto any straight line coplanar with the circle, you get harmonic (pendulum) motion.
Yes, but a pendulum swings through the same space. A pendulum could not have been described with the four pictures someone posted recently.
He's right. Circular and pendulum motion have the same equations of motion too.

Also, what pictures are you talking about?
"hes right what are you talking about". I'm beginning to think the whole professional mathematician aspect is limiting you.
I might've agreed with the angle if I hadn't asked about the pictures that you've mentioned.

The post was divided into two parts. One about confirming what he's saying, so you could perhaps get another perspective that you might not have had previously. Which last I checked communication was about spreading ideas.
The other part was about trying to figure out your perspective by asking for the pictures.
50  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 04:29:16 PM
It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.
It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

It's the same thing, in some sense. If you project circular motion onto any straight line coplanar with the circle, you get harmonic (pendulum) motion.
Yes, but a pendulum swings through the same space. A pendulum could not have been described with the four pictures someone posted recently.
He's right. Circular and pendulum motion have the same equations of motion too.

Also, what pictures are you talking about?
51  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 04:27:45 PM
So who else thinks markets (stocks) might be crashing more because of the election than because of corona, with corona just sparking the sell-off?
If Trump somehow did not manage to get re-elected things would be looking pretty bad for the economy.

Not that Sanders would manage to get anything passed that would raise spending by $100 Trillion USD, which by the way is way more than the $83 Trillion of the M3 supply of the entire planet, but he'd still be a significant downgrade that would devastate the markets.

Potential long opportunity come November?
So Bloomberg is out of the race and announced he'll put his weight behind Biden. Biden leading massively in delegates against Bernie now.

The same moment this happened the stock market saw its largest one day surge since 2009.

Didn't expect things to move this quickly, but seems like corona didn't matter much after all considering the number of cases has been blowing up.
52  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:40:31 PM
It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.
The pareto principle is about distribution. In the case of contribution, human value specifically in this case, that value can be negative.
It's a distribution of inputs vs outputs, it doesn't say anything about how the number of people with positive/negative contributions develops over time.

It merely says when you have a collection of humans that you can divide into "qualities", e.g. positive and negative, then 20% of those in the positive category will create 80% of the positive things, and 20% of those in the negative category will create 80% of the negative things.

It says nothing about how many people are in each category or how that will change.


If you want to go with "humans" as input, and "value" (positive, negative, neutral) as output, then all you can get from pareto is:
20% of the humans ("input") will produce 80% of the output. This means that 80% could be neutral and 0% negative.

It also doesn't say anything about the ability of the positive to outweigh/solve the negative. Basically there is nothing in it that would let you conclude that things will get worse by any measure.
53  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:31:04 PM
Quote
Things have been getting better because of the efforts of our ancestors. Then their kids, the boomers took over. And now boomers are all we have left at the top. That's why things are failing.
The generational thing was more apt for slow moving civilizations. This paradigm is due to end very soon if it hasn't already, simply because everything changes so damn quickly and communication as well as networking is completely different from what it used to be.
You no longer grow up and die with the people and in the environment that you'll spend your life with and in. So you have little chance to be fully oblivious if you want to do something more productive than being a sheep.

At the end of the day we'll end up with sets of people that exclusively consume and "just live their lives", classes of people that live to work and solve problems, as well as people who do a bit of both.

And that's good enough. People who "just live their lives" provide data and cheap labour, while also increasing the total acquirable wealth of the doers. No need for any more than that precisely because of exponential progress.
Who cares if they need more space and more resources when we become much more efficient at creation and allocation.


Quote
Big systems can take a long time to fail. But when they do it's a process that can't be stopped. And then people look back and wonder, what went wrong? Why didn't anyone see it coming? Why did nobody do anything? Well it's because the parents of the boomers are dead that nobody did anything. Nobody could.
We have enough countries to not have to care about such issue. Even if Sanders became president and had the ability to pass anything through congress, neither of which will happen, the productive class will simply leave and set up shop elsewhere.
The consumer class will eventually follow, because it can't get anything done by itself and won't be able to resist the desire of living where the magic happens. Needless to say, some of the people who foolishly voted to break things, without even understanding what they are doing, would suffer greatly from this in the short-term.
But in the long-term all you have to do is let this nonsense play out a few more times and watch even the dumbest of idiots on Tiktok spread anti-communism awareness memes.

Yeah, it looks bad if you're zoomed in on the now. But in reality it's just a learning process.
Think of humans more as a collective organism, you know you could do better but you're too lazy, arrogant, naive and stupid to actually do it until you fall flat on your ass a few times.

For the individual all that matters is being ahead of the game and not staying in any country that is about to go down the shitter. Wealthy people have been doing this forever, and more and more normal folks learn this over time.

Quote
Solve for communism.

In my country we pay at least 80% in taxes. In england the police are telling people to check their thinking for posts on facebook and twitter. We are almost there. How do you stop this?
We're not almost there, some countries look like they're getting there but there's a lot of lash back and it's not the entire world.
Provided you care enough to sacrifice your lifetime there are two ways. Change from within, change from without.
If you have a lot of leverage, e.g. because you're an Elon Musk, you can go into politics and media and start changing things because everybody respects you and knows that you know what the fuck you're talking about and doing.

If you're not, go to whichever country is most conducive to amassing wealth and solving significant problems. Go do it.
When that country is about to fail (e.g. if you're in the US and Sanders gets elected) you leave for the next best thing and keep going there.

Once you attain above leverage you may consider influencing culture and politics.

Quote
Academia is where the next generation of politicians and leaders of whatever stripes are made. This is not a minor thing, but in fact one of the biggest problems we have in the west today.
It is indeed not a minor thing. But I'm not very concerned because people can migrate.
Take that away and you've got a real problem. As long as countries can attract the top of the crop by changing policy there will always be a gradient of preferable vs undesirable policies, and that ultimately and over time is what will take us to proper capitalism.


I'd guess that the real issue is creating and maintaining a culture in which:
1.) Everybody understands that anybody can come to wealth with minimal tweaks to their lifestyle
2.) Everybody who doesn't choose to become wealthy understands its their choice and hence takes full responsibility and appreciation for their 'simpler' lifestyles
3.) People understand that the wealthy almost always merely solved problems that directly or indirectly impacted everyone and that they'll be happy to take your money to solve any resulting or new problems
54  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 01:56:41 PM
The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.
They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.
You don't think there is such a thing as people with a negative value? Murderers? Stalin, Hitler, the common banker? Really? ALL humans have a positive value? Even the homeless who deliberately rape and spread aids and smear shit on your car?
There's a good number of people that should be lined up and seen off.

I am saying that according to pareto "20% of all people that do negative things do 80% of the negative things". That doesn't mean that 20% of the population is bad/evil/negative, but that out of the total amount of 'negative' people within a population 20% of them do 80% of the negative things that define their "negativity".

And most people are too busy living their lives and being irrelevant to the overall course of humanity to do evil, hence fueling progress indirectly by being employed or by consuming.
55  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 01:51:27 PM
It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.
It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

Quote
The ultimate driver behind any culture is the people who live in it. People today are objectively worse than in most of history. It's not just the boomers, we are all affected by whatever environment we happen to live in. Things are going to get worse as a result. How much worse, who knows, but worse.
Well, things have objectively been getting better. The idiots just have a louder voice these days.

There isn't a single significant problem around today that I'm aware of which couldn't be solved relatively quickly.

I also see no evidence of things getting worse as a whole, although idiots have swarmed academia thanks to government. At the end of the day that just means cheaper labour for real scientists though.
56  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 01:38:04 PM
The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.
They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.
57  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 12:31:54 AM
This debate caught my interest, so I've looked through Wikipedia and glanced through Investopedia, but I haven't found an unequivocal statement about risk being a probability (pure number) or an expectation (currency units). No clear cut equation anywhere. Some pages say only downside enters the calculation, which would make a negative outcome impossible.

As a layman, I'm left thinking that the unqualified term 'risk' isn't well suited to numerical discussion. Other more precisely defined quantities might be better for that.


This:

Quote
In risk analysis, risk is traditionally defined as a function of probability and impact. The probability is the likelihood of an event occurring and the consequences, to which extent the project is affected by an event, are the impacts of risk.

It's very "numerical"... but, of course, the subjectivity lies on assigning proper values for both probability and impact.
Impact is easy, just make everything up like we have been on the WO. Probabilities of all the impacts are hard. Very hard.
58  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 12:30:08 AM
Which is exactly why there is no reason for the boomers here to be butthurt when I talk about how they all deserve to die.

Altogether too true. Inasmuch as we are human. Life extension tech is unlikely to reach escape velocity in our lifetimes. You deserve to die too, motherfucker.

(In my most benevolent paternalistic voice...)
Wouldn't be so sure about that. It doesn't need to reach escape velocity anytime soon either, as long as it becomes good enough to prolong a little bit every so often.
59  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 12:27:04 AM
Risk is a statistical measure, e.g. the expected loss of a strategy, asset or portfolio.

Not quite. Its the probability that a gain or a loss will differ significantly from what is expected.

This debate caught my interest, so I've looked through Wikipedia and glanced through Investopedia, but I haven't found an unequivocal statement about risk being a probability (pure number) or an expectation (currency units). No clear cut equation anywhere. Some pages say only downside enters the calculation, which would make a negative outcome impossible.

As a layman, I'm left thinking that the unqualified term 'risk' isn't well suited to numerical discussion. Other more precisely defined quantities might be better for that.

See e.g. here under "Expected Loss". Shows the general definition of risk and shows some particular examples such as quadratic loss, or MSE.

https://en.wikipedia.org/wiki/Loss_function

This is pretty much canon in Mathematical Statistics, Finance and where ever else you work with statistics and noise. And since it's an integral it is always a number.
60  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2020, 09:14:29 PM
Why are people stocking up on food anyway? this is not that kind of event. A solar storm or EMP that knocks out all electronics would be that kind of event.

It's not like the government would leave you to starve to death if you are quarantined, either the military would organize handing out of food or they would organize some kind of mobile groceries van or something like that.
It would make sense to have food for a couple of days before everything gets organized, but that's all.

I mean if we can get food and water to people and areas that are totally snowed in in the winter, I think we can handle this.
Because everyone else is doing it. The biggest problem is not the virus itself, but herds of stupid people panicking. And if it turns out you didn't need to stock up, just eat the food anyway.
There was a corona lockdown very close to where I live. Wonder what stores look like around here, been too lazy to go and check so far.
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