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

[billyjoeallen]

If Greenspan gave the power to the private sector, then it's logical that those who are at the top of the private sector have the the most important vote on things.

They have the most important vote on things now.  Who do you think vets the candidates for high office? Who do you think funds campaigns? A State is by it's very nature a monopoly on aggressive force. Governments always and everywhere serve to concentrate power in the hands of the already powerful. Even democracy by it's very nature is the dominance of the minority by the majority.

There can be no stable distribution of power with the existence of a monopoly of initiatory violence. Everybody struggles for control of the monopoly and the people with the most resources and power almost always win. Even when they lose, the loss is only temporary or new oligarchs move in.

The only stable long term viable solution is to distribute governance. Decentralize. Concentrated power is bad no matter who has it. It corrupts when it it not possessed by the already corrupt.

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[Adrian-x]

Explanation

Chart buddy invalid pic 

market p0rn?

[chessnut]

Bitcoin to governments is like chicken pox to native Americans.

[TERA]

[Mervyn_Pumpkinhead]

If Greenspan gave the power to the private sector, then it's logical that those who are at the top of the private sector have the the most important vote on things.

They have the most important vote on things now.  Who do you think vets the candidates for high office? Who do you think funds campaigns? A State is by it's very nature a monopoly on aggressive force. Governments always and everywhere serve to concentrate power in the hands of the already powerful. Even democracy by it's very nature is the dominance of the minority by the majority.

There can be no stable distribution of power with the existence of a monopoly of initiatory violence. Everybody struggles for control of the monopoly and the people with the most resources and power almost always win. Even when they lose, the loss is only temporary or new oligarchs move in.

They only stable long term viable solution is to distribute governance. Decentralize. Concentrated power is bad no matter who has it. It corrupts when it it not possessed by the already corrupt.

I think that it's very hard to decentralize power because of human nature. If you put 10 people together to do a task, then soon nature will do it's thing and some will automaticly lead and some will follow. I think that the main key here would be to block options, where people could obtain power not by natural selection, but by deception. Violence is also strongly rooted in human nature and it takes a good violent person to be able to take down a bad violent person. I think that the main key here is to root out general corruption and to nurture virtues.
I have had an idea that it would be great if there would be a system where academic accomplishes would actualy give different people different rights to vote on different choices, that the government has to make. The internet could actually enable this method to be efficient enough. You needed more centralization before the age of internet, because you can imagine the inefficiency when an interviewer would have to visit people door to door, just to get their votes on different everyday subjects. But with the internet this could actually work. It would be great if you could concentrate the smartest people on every subject and let them make the best informed decisions possible on the subject they know best.

[seleme]

that's nice dinosaurs in forming there tera. 

[jonoiv]

Huboi order book looking quite skinny too.  and some big bids were pulled.  not all roses.

Heck, the bulls already drinking champagne, so why would they worry?  

[chessnut]

Bitfinex and stamp are coiling.

[Newfeeling]

https://i.imgur.com/u3CMcDO.png

https://i.imgur.com/ENaoIpv.png

Huboi order book looking quite skinny too.  and some big bids were pulled.  not all roses.

Heck, the bulls already drinking champagne, so why would they worry?  

A champagne shortage would worry me, but I'm a raging alcoholic so that's neither here nor there.

[ChartBuddy]

Explanation

[rjp55]

This thread has become painfully predictable.

Unless Rptellia, Aminorex, Smoothie, Magic Mexican, Adam, Richy T, Bitchick/husband, Jimbo Toronto, Seleme, eurotrash, Fonzie and a few others I am forgetting write something it is the same predicable shit by the same predictable people. My ignore list is through the roof.

[chessnut]

no conviction to the reaction. edge to the upside, break this wedge that has formed.

[BitChick]

This thread has become painfully predictable.

Unless Rptellia, Aminorex, Smoothie, Magic Mexican, Adam, Richy T, Bitchick/husband, Jimbo Toronto, Seleme, eurotrash, Fonzie and a few others I am forgetting write something it is the same predicable shit by the same predictable people. My ignore list is through the roof.

As a female it is a great compliment to not be "ignored" 

I can't say I offer much in the way of TA.  But I can always bring the advice to hold through thick and thin! 

[BitChick]

New ATH by June 1, 2014

Just because.

Many people have been predicting July and August but I think June 1st is highly likely!  It would not surprise me.  Hopefully late April/May ends up being like November.  That was a fun month!  I would wake up every morning and calculate how much money I made just sleeping! 

[Richy_T]

Explanation

Chart buddy invalid pic 

Hosting provider account ran dry again. Plans afoot to try and cut costs but if anyone feels like sponsoring...

[billyjoeallen]

I think that it's very hard to decentralize power because of human nature. If you put 10 people together to do a task, then soon nature will do it's thing and some will automaticly lead and some will follow. I think that the main key here would be to block options, where people could obtain power not by natural selection, but by deception. Violence is also strongly rooted in human nature and it takes a good violent person to be able to take down a bad violent person. I think that the main key here is to root out general corruption and to nurture virtues.
I have had an idea that it would be great if there would be a system where academic accomplishes would actualy give different people different rights to vote on different choices, that the government has to make. The internet could actually enable this method to be efficient enough. You needed more centralization before the age of internet, because you can imagine the inefficiency when an interviewer would have to visit people door to door, just to get their votes on different everyday subjects. But with the internet this could actually work. It would be great if you could concentrate the smartest people on every subject and let them make the best informed decisions possible on the subject they know best.

Violence is inevitable, but the sanction against initiating violence is what differentiates the civilized from barbarians and savages. The State is the one great exception we make for no clear reason except that's what we've always had. There will always be leaders and followers, but there need not be rulers.  Even if there are rulers, rulers with small domains are less harmful than rulers with large domains.

I think civilization is inevitably going to revert back to city states simply because they are more efficient and technology is making large populations ungovernable. I think it will be a long process but ultimately a step in the right direction. I have very little faith in academics because they suffer almost no consequences for their bad ideas.

[TERA]

the end of bitcoin

[billyjoeallen]

the end of bitcoin

??

[ChartBuddy]

Explanation

[TERA]

the end of bitcoin

??

People here accuse me of saying 'the end of bitcoin' all the time so I might as well start actually doing it.