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

[octaft]

pure example of why control and centralisation is useless and can be avoided with minimum harm:



http://www.tuxboard.com/photos/2014/04/pas-besoin-de-rond-point.gif

Blind luck? You can't really call a roundabout centralisation.
Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif.

hmm i dont know, i mean, sure there must have been people ending up in hospital, but i dont think it outnumbered the people ending up in hospital in countries with road signals..
The point being adaptation. but yeah, im no expert, just trying to provide you folks with some illustrations and awesome gif

Actually <10 seconds on google reveals India to be one of the worst places for traffic accidents in the world.

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[xyzzy099]

My sincere apologies if I ever gave the impression that I had any sympathy or respect whatsoever for the libertarian ideology.  If you care, I could try to remove any lingering doubts you may have about my opinions on the matter.

By the way, I am still trying to figure out what exactly is the "freedom" that the bitcoin "libertarians" are so obsessed about.

It seems that most of them are in the US or "US-like" countries, so it cannot be freedom of speech, religion, travel, residence, association, study, dress, drink, sex, marriage, work, property, trade, investment, enterprise, and many other basic freedoms that the citizens of those countries enjoy to a higher degree than most other people in the world (and that bitcoin cannot do anything about anyway).

So, what exactly are those "freedoms" that the "libertarians" miss, and hope to get through bitcoin?

There should be a different name for "Libertarianism" because it is not an "ism" at all.  "Ism"s are always doctrines of people who want to coerce others to do what the Ismist thinks should be done.  Libertarians don't want to coerce anyone into doing anything.

Libertarianism is simply the acknowledgement that it is the nature of humans to resist coercion.  If you look at the history of government, you will notice that it is quite naturally becoming less and less coercive as the centuries roll past, and it will continue to do so, simply because it is the basic nature of humans to resist coercion.  It doesn't matter if you understand or want this - it is simply a result of human nature.

It's heartening to see that you recognize the evolution of less coercive government that is represented by the United States of America, but I think it's silly that you suggest that we are free enough because we are in some ways freer than others.  It seems very natural to me that humans should always seek to maximize freedom and minimize coercion.

You seem to believe that civilization can only exist through coercion - and on that point Libertarians will disagree with you - but we still don't want to coerce you into doing what we want...  We just want you to stop trying to coerce us.

Maybe you are free enough, but some of us don't believe we have reached the optimal state just yet.  And we believe that Bitcoin technology, whether or not the bitcoin currency succeeds or fails, will be key in the further evolution of freedom and minimalization of coercion.

[donut]

 The U.S. enslaves more people than any other nation on earth; there are more black males in slavery today than before the U.S. civil war.

There are also more black males in general. Proportionally, I am sure there are quite a bit less slaves today than before.

[magicmexican]

6500 pages, bullish?

[jl2012]

a gaming company just bought 40k BTC.... there's your fresh fiat.

I say once again this "news" is typical Chinese bullshit

[Cassius]

pure example of why control and centralisation is useless and can be avoided with minimum harm:



http://www.tuxboard.com/photos/2014/04/pas-besoin-de-rond-point.gif

Blind luck? You can't really call a roundabout centralisation.
Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif.

hmm i dont know, i mean, sure there must have been people ending up in hospital, but i dont think it outnumbered the people ending up in hospital in countries with road signals..
The point being adaptation. but yeah, im no expert, just trying to provide you folks with some cool illustrations

Ok, it's a cool illustration.
Jeremy Clarkson suggests that if you fit every car's steering wheel with a spike, you will make the roads a lot safer overall because drivers will suddenly start caring a lot more about whether they're about to have an impact or not. So be careful - you might just end up making a point about personal responsibility by accident.

[derpinheimer]

pure example of why control and centralisation is useless and can be avoided with minimum harm:



http://www.tuxboard.com/photos/2014/04/pas-besoin-de-rond-point.gif

Blind luck? You can't really call a roundabout centralisation.
Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif.

hmm i dont know, i mean, sure there must have been people ending up in hospital, but i dont think it outnumbered the people ending up in hospital in countries with road signals..
The point being adaptation. but yeah, im no expert, just trying to provide you folks with some illustrations and awesome gif

Actually <10 seconds on google reveals India to be one of the worst places for traffic accidents in the world.

Yup,and that gif is at ~500% speed. Terrible intersection, unsafe and slow versus controlled intersection.

[Adrian-x]

pure example of why control and centralisation is useless and can be avoided with minimum harm:



http://www.tuxboard.com/photos/2014/04/pas-besoin-de-rond-point.gif

wtf is this for real somewhere?

You have not been to China, traffic flows like red blood cells through your vanes. It is scarcely for someone like me. Kind of how banks feel about Bitcoin. You need regulation.

[dreamspark]

6500 pages, bullish?

Reckon we'll get page to $/BTC parity ever!?

[wachtwoord]

6500 pages, bullishit?

^^That's more like it

[ChartBuddy]

Explanation

[BlackFlag]

6500 pages, bullishit?

^^That's more like it

+1

[GreekGeek]

any one seen this

https://coinreport.net/fincen-money-transmitters-bitcoin/

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf

[Cassius]

any one seen this

https://coinreport.net/fincen-money-transmitters-bitcoin/

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf

Yup.
In the current climate, I'd say that falls more into the category of 'not bad news' rather than 'good news'.

[boumalo]

6500 pages, bullishit?

^^That's more like it

+1

There are a dozen of traders that read them all and a lot of robots

[Adrian-x]

any one seen this

https://coinreport.net/fincen-money-transmitters-bitcoin/

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf

Yup.
In the current climate, I'd say that falls more into the category of 'not bad news' rather than 'good news'.

It is good news for bitcoin bad news for the price of bitcoin. in that dirty money rents a miner, mines clean bitcoins, sells clean bitcoins for clean cash.

the net result will be selling pressure on bitcoin, but a growing network. so cheep coins

[lemonte]

any one seen this

https://coinreport.net/fincen-money-transmitters-bitcoin/

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf

Yup.
In the current climate, I'd say that falls more into the category of 'not bad news' rather than 'good news'.

It is good news for bitcoin bad news for the price of bitcoin. in that dirty money rents a miner, mines clean bitcoins, sells clean bitcoins for clean cash.

the net result will be selling pressure on bitcoin, but a growing network. so cheep coins

Anyone renting a miner is not going to be able to sell a large amount of coins. 3THS only gets you about 0.19BTC a day with this difficulty.

[xulescu]

pure example of why control and centralisation is useless and can be avoided with minimum harm:



http://www.tuxboard.com/photos/2014/04/pas-besoin-de-rond-point.gif

http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.html

Everyone who bashed this GIF with no second thought or research proved they are completely clueless in life.

Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average.
The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways.
This movement will most likely become more widespread.

It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics:
1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control.
2. People read recommendations as mandatory
    a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are).
    b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending.

In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing).

In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats.

Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending?

[seldon]

6500 pages, bullish?

Bubble, this thread will be back to double digits soon.

[p0peji]

6500 pages, bullish?

Bubble, this thread will be back to double digits soon.

Upcoming news that China will ban this thread?

Edit:
I mean not ban, but will deem it illegal to post here.