Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[soullyG]

LTC to tha moon, why? Any reason for this?

It's on the front page of Huobi's website, they are going to be adding it soon (likely next week).

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[UnDerDoG81]

LTC to tha moon, why? Any reason for this?

Supposedly being added to Huobi.

Wasn't it added last week and everybody was saying chinese market is death because nobody even buys ltc?

[JorgeStolfi]

http://dealbook.nytimes.com/2014/03/11/a-turnaround-for-bitcoin-at-sxsw/

The rapper Nas brought it up during a panel discussion that featured the venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, a firm that has invested about $50 million in Bitcoin-related start-ups. Mr. Horowitz said he believed Bitcoin was like “the Internet of money.”

In an article not long ago, Marc Andreessen declared that he himself owned no bitcoins.  Smart guy?  

Edit: markup

[adamstgBit]

LTC to tha moon, why? Any reason for this?

Supposedly being added to Huobi.

Wasn't it added last week and everybody was saying chinese market is death because nobody even buys ltc?

This is starting to sound like when mtgox was "soon to add LTC"

ltc pumpers need some get some new material  

[ErisDiscordia]

Richy_T had some good ideas about balancing the budget, cancelling central banks and cutting down on government spending. These are nice, but I'm not sure they're doable. The very structure of the government as an institution prohibits them. Which is why I feel the need for non-governmental alternatives.

To be clear, I agree with you. When you look at the job that lays ahead and the history of the situation, it's a path that inevitably will not be taken. Unfortunately, the alternative is pretty catastrophic collapse with some very nasty consequences.

Unless, perhaps, another way presents itself. A way to detach from the sinking ship. I think that's what you're suggesting.

This is pretty much how I see it. Being an incorrigible optimist, I keep advocating for the peaceful, bottom-up, growing of alternatives. Even though I don't think there is a high probability we will see this. Lacking this path, there seems to be only the inevitable collapse which looms pretty scary.

Just noticed the new volume option on bitcoinwisdom.

May I suggest heading over to user/bitcoinwisdom's profile or the official btcwisdom thread and leave a donation. The guy and his website are awesome, imo: he's quick to react to (reasonable) suggestions (the volume(quote) was suggested by me some days ago, he implemented it in *no* time), his website is up and running with high reliability, and it's a breeze to use (like the very intuitive line tool). well worth a small donation /shameless plug

Great suggestion! Considering how often I stare at this chart it's downright criminal I haven't donated until now  

[JorgeStolfi]

In that recent interview, Huobi's CEO said that they have 20 people on customer assistance.

I see that their phone numbers have a '4000' prefix.  Could that be paid service in China?  Could that be how they make money? 

[686f646c]

In that recent interview, Huobi's CEO said that they have 20 people on customer assistance.

I see that their phone numbers have a '4000' prefix.  Could that be paid service in China?  Could that be how they make money? 

http://en.wikipedia.org/wiki/Toll-free_telephone_number#China

400 toll-free numbers with prefix "4001" are international toll-free numbers which can be routed to destination numbers inside or outside of China. 400 toll-free numbers with prefix "4000", "4006", "4007" or "4008" are national toll-free numbers which can be routed to China destination numbers only.

trolling?

[JorgeStolfi]

400 toll-free numbers with prefix "4001" are international toll-free numbers which can be routed to destination numbers inside or outside of China. 400 toll-free numbers with prefix "4000", "4006", "4007" or "4008" are national toll-free numbers which can be routed to China destination numbers only.

Thanks.  Then the mystery, in the manner of soup to which cornstarch is added, thickens... 

[jl2012]

400 toll-free numbers with prefix "4001" are international toll-free numbers which can be routed to destination numbers inside or outside of China. 400 toll-free numbers with prefix "4000", "4006", "4007" or "4008" are national toll-free numbers which can be routed to China destination numbers only.

Thanks.  Then the mystery, in the manner of soup to which cornstarch is added, thickens... 

I think the margin trading on huobi is not free

[KeyserSoze]

[Richy_T]

I'm getting the feeling that it's like this right now...

[billyjoeallen]

Billyjoelallen,

'Freeriders' are not a problem (not the small ones - technically anyone with no income is a free rider!). we have a massive surplus of work, everyone wants a job, but they are not needed, because the innovation we have seen in the 20th and 21st century has been immense.

But there is obviously a problem, this is that the income that a robot generates does not go to the poor guy it replaced, it goes all to his boss.

this is why today wealth disparity is greater than ever.

When I was young, I never understood why politicians were always trying to create work, how daft. I still dont understand.

There are always unpleasant jobs that go to people with low skills. The fact that these jobs are unpleasant is what motivates people to obtain skills, such as robot repair.

[octaft]

I'm looking for better definition on where you stand.

Alright, let's take this further: the argument is that we would support the poor through voluntary charity, yes? Now let's say after 10 years, charity turns out to be woefully inadequate. Let's assume that -- while the world has not devolved into chaos and anarchy as a result of a lack of government -- that some are suffering because not everything went as planned. There's slums with no police protection because everyone that lives in the neighborhood can't afford it. How do we approach that? Are some things up for socialization, or is it all strictly no go, no budge?

Sure, the poor ain't doing so hot right now, but in order for the change to be worth it, it's not enough to be different. It's got to be better, and noticeably so. The problem is better is subjective, and not everyone will agree on, let alone know, what better really is.

Oh, I'm fairly happy to take things piecemeal. If things don't appear to be working, back off and adjust approach. Obviously, I believe things would not tend to end up that way (though government action has created a huge underclass that would have to be accounted for) but I'm not one for big schemes that have to be implemented in one fell swoop (just look at Obamacare for how that kind of thing goes).

Basically I see it like a big game of Jenga. There are some pieces which can be taken easily and others which require the removal of other pieces before they can be taken without collapsing the whole tower. Fortunately, almost every step that is taken to improve freedom should make the next one easier.

Okay, so you're willing to take things piece-meal. Great, but you didn't provide any solution to the problem. Pretend you're taking things piece-meal, and this information has just come up. I'm personally not the type who is comfortable with "crossing that bridge when you come to it."

For that matter, what if there are no solutions to the problems that come up? What if it turns out that, for most, your idea is, in fact, a dismal failure? Or what if it's not even possible, for example forms of government start popping up because that's what people want. What if all these small governments start warring with each other? How do we set up an army to fight off an invasion from a country who doesn't share our approach? All of these are questions that need to be addressed before you take the leap.

I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well. That's a general statement to all who agree with you, not specifically directed at you. You can say all you want "it won't happen," but it will. There will always be monsters in this world who will take full advantage of whatever situation they are put in. It's just a question of how widespread it will be.

I have a lot of questions for libertarians that I want answered. I've been asking them for years. Most of them still haven't been answered. I thought that might change here, but I'm starting to lose hope and am almost to the point of writing it off as another lost cause.

[gizmoh]

http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-traders-is-launched-2014-03-12

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

Trading Platform website :
https://atlasats.com


Game ON

[Ivanhoe]

I feel a bit of optimism on this board the last week.

[686f646c]

few images from goldman
https://pbs.twimg.com/media/Biir7QZCEAABDVy.png
https://pbs.twimg.com/media/Biid3WJCYAEn_AN.png
https://pbs.twimg.com/media/BiifP-HCAAAeAZY.png
https://pbs.twimg.com/media/Biiq69gCQAA4_Lc.png
https://pbs.twimg.com/media/Biip9N3CQAAiphM.png
https://pbs.twimg.com/media/BiiU_VTCUAAAP8a.png
https://pbs.twimg.com/media/BiiYW6lCcAE8BkR.png

[billyjoeallen]

Richy_T had some good ideas about balancing the budget, cancelling central banks and cutting down on government spending. These are nice, but I'm not sure they're doable. The very structure of the government as an institution prohibits them. Which is why I feel the need for non-governmental alternatives.

To be clear, I agree with you. When you look at the job that lays ahead and the history of the situation, it's a path that inevitably will not be taken. Unfortunately, the alternative is pretty catastrophic collapse with some very nasty consequences.

Unless, perhaps, another way presents itself. A way to detach from the sinking ship. I think that's what you're suggesting.

This is pretty much how I see it. Being an incorrigible optimist, I keep advocating for the peaceful, bottom-up, growing of alternatives. Even though I don't think there is a high probability we will see this. Lacking this path, there seems to be only the inevitable collapse which looms pretty scary.

Monopoly governments are engines for concentrating benefits and distributing costs. They are completely unsuited to do the opposite. Spending does not decrease generally because that amounts to concentrating costs of the budget-cutting on the spending beneficiaries.

[KeyserSoze]

http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-traders-is-launched-2014-03-12
https://atlasats.com

This must be the Atlas who used to haunt this forum. He's grown into a Captain of Industry and become a part of the wealthy elite. All his dreams have been fulfilled.

[aminorex]

I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well.

That's why we have nation-states today.  The great 19th century innovation was total war.  Note that takings may be motivated by ideology as well as by colonialism.  Mutually assured destruction was effective at preventing a hot war during the late 20th century standoff between eastern and western blocs.  Studies of deterrence factors for crime indicate that severity of punishment is somewhat effective, but the most effective factors were promptness and assuredness of punishment.  Prompt and assured proportionate retaliation is the most effective deterrence to aggression.  This can be decentralized as well.  Switzerland has done this quite effectively.  Since every household was well-armed, even after fully encircling Switzerland, the Germans sought rapprochement rather than invading.  

[solarflare]

http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-traders-is-launched-2014-03-12

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

Trading Platform website :
https://atlasats.com

Website already down.
Will never trade there.