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

[shmadz]

Hubris, prof.  Hubris.

I don't recal if I mentioned it here, but a few years ago Fiat Brasil switched to using cast iron instead of steel for the rear wheel hubs of some model.  The hubs would fatigue-crack after some time, more likely when driving at high speed on highways.  Several fatal accidents happened before the government forced Fiat to do a recall and replace those hubs.

Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall.  It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded.

That prof saved lives, perhaps hundreds of them. I will feel good if I can save the economies of a few people from the types of Mark Karpelès, Daniel Brewster, and Barry Silbert.

just a thought experiment.

just in case bitcoin goes over 10,000 in value before the next block-halving.

how would you feel about the people that have lost that much purchasing power just because they were holding their wealth in fiat instead of bitcoins?


(*edit to address Karpeles and crew: I don't trust any of those guys either. Luckily, because of bitcoin, I don't have to.

if you would spend more time learning and teaching the bitcoin protocol, your life might be more productive, and perhaps even more fulfilling. <- please note, I do not mean to be malicious. Lord knows I am wasting my own talents away at an alarming rate, so I'm not trying to throw stones, I'm just sayin' that a protocol that allows people to be in control of their own money deserves attention.

perhaps you could help the *everyman* more by teaching him how to aquire, store, and spend bitcoin safely and securely instead of just repeating "bitcoin's bad, mkay?"

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[spooderman]

Hubris, prof.  Hubris.

I don't recal if I mentioned it here, but a few years ago Fiat Brasil switched to using cast iron instead of steel for the rear wheel hubs of some model.  The hubs would fatigue-crack after some time, more likely when driving at high speed on highways.  Several fatal accidents happened before the government forced Fiat to do a recall and replace those hubs.

Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall.  It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded.

That prof saved lives, perhaps hundreds of them. I will feel good if I can save the economies of a few people from the types of Mark Karpelès, Daniel Brewster, and Barry Silbert.

wow. this is you:

[BTCfan1]

looks like we are poised for a jump

[spooderman]

@jorge How can you be so selectively stupid as to not realise that the types mark karpeles etc work in our governments and banks and ruin people's lives on a huge scale, that bitcoin is a great solution to that, and that the nasty folk that will always exist in some percentage have less ability to wreak havoc in a world where people use bitcoin than in a world where the Goldman Sux et al can operate the intimate machinery of an economy selfishly, unchecked and at will?

edit: do you spend time at rehab centres warning people how dangerous sobriety can be?

fuck this, you've been debunked so many times, I'm talking to the wall. You're not helping anyone, but you've committed to this path, so I imagine you'll stay the course.

Paid troll theory remains.

[MatTheCat]

looks like we are poised for a jump

On the strength of that 600 BTC eat into the Ask Wall on Bitstamp?

[Krabby]

Well I mean if you want to buy and not move I guess that's how it's guna be...

[Krabby]

NXT will survive!

I can tell by your name this is going to be a thing...

[ChartBuddy]

Explanation

[Erdogan]

Ignoring arguments that fail to convince me, of course.  I have no power to force anyone to invest or not, all I can do is present my arguments, and people will decide by themselves.

But don't you get annoyed when you present perfectly decent arguments and they either completely ignore them or, worse yet, start calling you a religious cultist?

I was not referring to the people in this thread, but to the general public.  You guys here generally know enough about bitcoin to choose for yourselves.  But when I read something that I believe is wrong, I feel the need to reply.  Is that serious, doctor?

Jumping in here. Yes, borderline serious. Re:

http://xkcd.com/386/

[johnwest]

Explanation

Market again move above 600. It is really teasing us all.

[maok]

I've edited your post a little, put some context into it. Enjoy.

I don't recal if I mentioned it here, but a few years ago Fiat Brasil switched to using cast iron(GOV BACKED FIAT) instead of steel(GOLD BACKED MONEY) for the rear wheel hubs of some model.  The hubs would fatigue-crack after some time(FINANCIAL CRISIS), more likely when driving at high speed on highways(BANKERS/POLITICIANS GREED).  Several fatal accidents happened(PEOPLE LOST THEIR JOBS/AUSTERITY MEASURES) before the government forced Fiat(NEVER HAPPENED, GOVERMENTS WILL NEVER SWITCH TO GOLD BACKED OR BITCOIN MONEY) to do a recall and replace those hubs.

Once I met at lunch the prof(BITCOIN CREATOR) from our Mechanical Engineering dept who wrote the report that pointed out the problem(ENDLESS DEBT/PRINTING OF MONEY OUT OF THIN AIR) and eventually convinced the government to order the recall(NEVER HAPPENED).  It was not a easy struggle to overcome the Fiat lobbyists and lawyers(ANTI-BITCOIN MOVEMENT: PONZI, SCAM, BUBBLE THEORY LOBBYISTS), and I don't think that he got more than his expenses refunded(SATOSHI NEVER SOLD HIS BITCOINS. HE JUST LEFT US HIS GENIUS).

That prof saved lives, perhaps hundreds of them. I will feel good if I can save the economies of a few people from the types of Mark Karpelès, Daniel Brewster, and Barry Silbert.

[dewdeded]

CCMF imho

[adamstgBit]

target 666

606.6 is a clear sign that 666 is coming soon

legit TA

[KFR]

Hubris, prof.  Hubris.

...

That prof saved lives, perhaps hundreds of them. I will feel good if I can save the economies of a few people from the types of Mark Karpelès, Daniel Brewster, and Barry Silbert.

Wow.  Just... wow.  When irony itself should come with a government health warning. 

[Miz4r]

BTC is becoming centralized. Viva NXT and NEM...

Be careful or you will end up like that Ripple fanboy who kept spamming this thread telling people to buy Ripple.. and then XRP crashed and he was never heard of again.

[adamstgBit]

BTC is becoming centralized. Viva NXT and NEM...

Be careful or you will end up like that Ripple fanboy who kept spamming this thread telling people to buy Ripple.. and then XRP crashed and he was never heard of again.

lol

[aminorex]

target 666

606.6 is a clear sign that 666 is coming soon

legit TA

Oh noes!  The number of the ... bat?

[wachtwoord]

BTC is becoming centralized. Viva NXT and NEM...

Be careful or you will end up like that Ripple fanboy who kept spamming this thread telling people to buy Ripple.. and then XRP crashed and he was never heard of again.

Indeed. May be he actually believed the nonsense he was posting and lost a fortune.

[adamstgBit]

[byronbb]

There is no doubt Jorge is just a very good troller.