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

[TheJuice]

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!"

Upton Sinclair

And it is difficult to get a man to agree on something else, when the value of his investment depends on others not understanding it. 

So says the person with your sig...

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[JorgeStolfi]

That Reagan/AT&T divestiture thing earlier was one of the funniest things I've seen on there.

http://en.wikipedia.org/wiki/Breakup_of_the_Bell_System

This divestiture was initiated by the filing in 1974 by the U.S. Department of Justice of an antitrust lawsuit against AT&T.[1] AT&T was, at the time, the sole provider of telephone service throughout most of the United States. Furthermore, most telephonic equipment in United States was produced by its subsidiary, Western Electric. This vertical integration led AT&T to have almost total control over communication technology in the country, which led to the antitrust case, United States v. AT&T. The plaintiff in the court complaint asked the court to order AT&T to divest ownership of Western Electric.[2]
Feeling that it was about to lose the suit, AT&T proposed an alternative - the breakup of the biggest corporation in American history. It proposed that it retain control of Western Electric, Yellow Pages, the Bell trademark, Bell Labs, and AT&T Long Distance. It also proposed that it be freed from a 1956 anti-trust consent decree that barred it from participating in the general sale of computers.[3] In return, it proposed to give up ownership of the local operating companies.

[Bitcoin_is_here_to_stay]

Do people still do TA on this forum? Been a while since I've seen any.

Or did they all go to Tradingview?

Wondering the same thing .

[JorgeStolfi]

I'm only here for the entertainment and FUD spotting, my investment is in the long overdue replacement of an archaic and inefficient system. If tomorrow Bitcoins primary use switched to trustless transfer of ownership and the currency aspect dropped to the minimum value to maintain a secure network I'd be quite happy

Perhaps that is why you are one of the most cool-headed posters here? 

[EuroTrash]

Did anyone post this one already?

http://redditmetrics.com/r/bitcoin

Trending now! 928 new subscribers today, 578% trend score – Trend thread

Not sure why? Maybe bots are doing this, maybe it's because of Ukrainian bitcoin ATM news, maybe Roger Ver's tweets... Maybe something is about to happen.

I'm liking what that correlates to on the timeline...

Yup. But generally the number of new r/bitcoiners per day is a lagging indicator of the price action, not the other way around. 'Bit like Google Trends. This time it looks like the indicator is skyrocketingwhile the price is slowly, apathically declining on low volume.

Maybe there are external forces at play, causing an influx of new redditors, who are not-yet-adopters.
Or maybe someone is just scripting around creating a large number of accounts, in order to fake a rise in interest which isn't there, so that the bulls can keep on buying while he is selling.
Or maybe an evil internet forum overlord is building his own army of replicants to rule over the sub, by means of hoax posts and upvote/downvote attacks.  

[xyzzy099]

By the way, the word 'anarchy  is ancient (Oxford Dictionary: "mid 16th century [ in English ]: via medieval Latin from Greek anarkhia, from anarkhos, from an- 'without' + arkhos 'chief, ruler').  Proudhon may have been the first to use it as the name of an explicit political model.

I was under the impression that anarchy as a political ideal was the subject under discussion - and I'm pretty sure Proudhon's definition is the one used by anyone who claims to be an anarchist, regardless of whether they favor getting to that state via socialism or libertarianism.

[ChartBuddy]

Explanation

[justusranvier]

Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure

Anarchy does not arise after the collapse of a government.

That's a flawed as saying that atheism arises after a church burns down.

[wachtwoord]

Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure

Anarchy does not arise after the collapse of a government.

That's a flawed as saying that atheism arises after a church burns down.

Haha, a very good analogy

[criptix]

time to say goodbye brazil 

german world cup winner 2014! 

[empowering]

A more decentralised consensus based form of local governance with more resource based focused economy ............. scrap that

4-0  to germany vs brazil in world cup semi's in 25 mins!! wtf?

[Tzupy]

I suggest Brazilians watching this game use more Xanax, alcohol, whatever it takes. 
The alternative would be a rise in suicides, which I strongly disapprove of.

[JorgeStolfi]

A more decentralised consensus based form of local governance with more resource based focused economy ............. scrap that

4-0  to germany vs brazil in world cup semi's in 25 mins!! wtf?

Got a comment on my twitter: "Well, it could be worse. We could be playing against Argentina."

[criptix]

A more decentralised consensus based form of local governance with more resource based focused economy ............. scrap that

4-0  to germany vs brazil in world cup semi's in 25 mins!! wtf?

um 5:0 in 30 min LOL
i dont think that ever happened in a semi final?

[FattyMcButterpants]

I suggest Brazilians watching this game use more Xanax, alcohol, whatever it takes. 
The alternative would be a rise in suicides, which I strongly disapprove of.

yes, this is a massacre. gonna be some unhappy people, perhaps some rioting. seems like rugby scores incoming at this point...

[criptix]

after this match today i strongly believe in wonders and think we will see a 100x fold bubble in 1-2 months 

[xyzzy099]

Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure

Anarchy does not arise after the collapse of a government.

That's a flawed as saying that atheism arises after a church burns down.

Exactly

Despite Jorge's protestations to the contrary, he clearly equates 'anarchy' with 'chaos' in post after post. I'm pretty sure that most people who consider themselves 'anarchists' are not aspiring to maximize the chaos in the world.

Anarchy is order without power. - Pierre-Joseph Proudhon

[wachtwoord]

I suggest Brazilians watching this game use more Xanax, alcohol, whatever it takes. 
The alternative would be a rise in suicides, which I strongly disapprove of.

yes, this is a massacre. gonna be some unhappy people, perhaps some rioting. seems like rugby scores incoming at this point...

Always fun when the Germans initiate a massacre

[Erdogan]

Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure

Anarchy does not arise after the collapse of a government.

That's a flawed as saying that atheism arises after a church burns down.

Anarchy arise as a result of individuals asserting their rights and taking responsibility for their actions.

An interesting development in Mexico, in the area around the avocado industri. They had rulers in the form of a mafia extended from the government, which took 5 percent from each farmer plus 5 percent on the avocado export bourse. They did this by threatening with violence. The farmers armed themselves and closed the villages at night by placing tractors on the village entrances. The mafia evaporized. As far as I know, noone was harmed in the process of evicting the mafia. That is a step in the anarchist direction.

Edit: Chaos replaced by law.

[JorgeStolfi]

Despite Jorge's protestations to the contrary, he clearly equates 'anarchy' with 'chaos' in post after post. I'm pretty sure that most people who consider themselves 'anarchists' are not aspiring to maximize the chaos in the world.

Anarchy is order without power. - Pierre-Joseph Proudhon

Sigh, again, I wrote

No, by anarchy I mean just the absence of a government and its "monopolistic" courts, police, etc.  I know that anarchists dream of an orderly and free society without government

BUT indeed I believe that anarchy, no matter how it starts, is unsustainable, and is quickly replaced by a government, internal or external; and, in the first case, often an authoritarian government, rather than a democratic one.