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

[BlindMayorBitcorn]

I've noticed a pronounced divide between winners and loser lately. Remember that a lot of us aren't traders, and joined this year. Imagine that, if you will. It's hard times, brothers, I promise you

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[octaft]

Reserve Bank of India is Pro-bitcoin and thinks that eventually it will be the most used form of payment transactions.

The moon isn't that far away...

http://www.geekcipher.com/technology/reserve-bank-of-india-gov-rajan-pro-bitcoin/

Read carefuly, he actually said that India will completely replace the rupee for Dogecoin in 2015.  He did not want to be bested by the Ministry of Economic Development of Russia, who, as reported previously here, said that he will stand up to Putin and demand the immediate replacement of the ruble by Litecoin.

I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?

I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored.

Just added him myself. This has been the year of "ignores" for me. I hate to do it actually as I like to hear real counter arguments and opinions, but the forums have been over run by people like him.

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

EDIT: Based on the shitty journalism on your blog and your prediction of 1,262 per coin by July 2014 back in March, I'm not sure why I expect anything better from you.

[cbeast]

Reserve Bank of India is Pro-bitcoin and thinks that eventually it will be the most used form of payment transactions.

The moon isn't that far away...

http://www.geekcipher.com/technology/reserve-bank-of-india-gov-rajan-pro-bitcoin/

Read carefuly, he actually said that India will completely replace the rupee for Dogecoin in 2015.  He did not want to be bested by the Ministry of Economic Development of Russia, who, as reported previously here, said that he will stand up to Putin and demand the immediate replacement of the ruble by Litecoin.

I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?

I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored.

Just added him myself. This has been the year of "ignores" for me. I hate to do it actually as I like to hear real counter arguments and opinions, but the forums have been over run by people like him.

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

Who are you to judge the merits of his argumentation? Is he your champion or are you trolling?

[octaft]

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

Who are you to judge the merits of his argumentation?

Do you understand what "first-hand" means?

[cbeast]

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

Who are you to judge the merits of his argumentation?

Do you understand what "first-hand" means?

I'm not talking about specific arguments. You have the power to ignore or register complaints. This is just ad hominem. Your admonishments are noted, but move on and don't worry about how other people roll.

[BlindMayorBitcorn]

I've also noticed everybody's talkin' 'bout
Bagism, Shagism, Dragism, Madism, Ragism, Tagism
This-ism, that-ism, ism ism ism.
But all we should be saying is...

[BlindMayorBitcorn]

[cbeast]

"They hate us cuz they ain't us!"

[JorgeStolfi]

Reserve Bank of India is Pro-bitcoin and thinks that eventually it will be the most used form of payment transactions.
http://www.geekcipher.com/technology/reserve-bank-of-india-gov-rajan-pro-bitcoin/

Read carefuly, he actually said that India will completely replace the rupee for Dogecoin in 2015.  He did not want to be bested by the Ministry of Economic Development of Russia, who, as reported previously here, said that he will stand up to Putin and demand the immediate replacement of the ruble by Litecoin.

I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?

He is saying the conclusion you came to from that quote is a bit of a stretch.

Yeah, forgot AGAIN to put the " ".  

Just to be clear then:

* Here is a transcript of the part of Rajan's interview relevant to bitcoin.  He says that bitcoin is not good because it is insecure and has high volatility.  Some of bitcoin's innovations are good but some are "worrisome".  He sees India moving to a "cashless society" with "some kind of currencies like this"  some 10 to 20 years from now.  And he said that "credit cards are already performing some of that role".  Elsewhere he says that the Central bank must be able to regulate the money supply.  So: he is ANTI-bitcoin, not PRO-bitcoinl.

* The Russian Ministry of Economic development is not opposed to that bill that bans virtual currencies (a bill that was requested by Putin).  He only wants the bill to "define" with more "precision" what is to be banned, so that things like merchant points are not banned too.  In the published reports, he did not mention bitcoin at all.   You guess whether bitcoin will be among the things he likes and wants excluded, or among those that will be banned by the corrected bill.  

In both cases, the reporters have invented "pro-bitcoin" policies when the facts are not pro-bitcoin at all:  not relevant in the case of Russia, fairly negative in the case of India.

[ChartBuddy]

Explanation

[octaft]

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

Who are you to judge the merits of his argumentation?

Do you understand what "first-hand" means?

I'm not talking about specific arguments. You have the power to ignore or register complaints. This is just ad hominem. Your admonishments are noted, but move on and don't worry about how other people roll.

I'll concede the ad-hominem, allow me to rectify it:

Stolfi is trollin', for sure, but he is making a very obvious point while doing so, and instead of responding to that point, he just rides the "omfg troll" horse (mainly because Stolfi gave him the opportunity, because you can kind of tell Stolfi just doesn't give a fuck anymore) and gets an immediate pass from people who support his opinion (for example, you).

The obvious point Stolfi is making is that he's taking a quote that, to paraphrase, essentially says "I think we might go cashless someday, and virtual currencies will improve and become safer, and might just become the norm" and making it "pro-bitcoin." It's actually quite a big leap if you stop and think about it. Does he mean bitcoin, or does "improve" mean he thinks something will replace bitcoin? Does he couple the term "safer" with "improve" to imply that bitcoin is not safe? It's hard to tell, so to just blindly call it a "pro-bitcoin stance" is biased, don't you agree?

And keep in mind these are just questions raised from what he quoted. That's an hour-long video there, nobody visits a blog to watch an hour-long video.

[cbeast]

I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?

Who are you to judge the merits of his argumentation?

Do you understand what "first-hand" means?

I'm not talking about specific arguments. You have the power to ignore or register complaints. This is just ad hominem. Your admonishments are noted, but move on and don't worry about how other people roll.

I'll concede the ad-hominem, allow me to rectify it:

Stolfi is trollin', for sure, but he is making a very obvious point while doing so, and instead of responding to that point, he just rides the "omfg troll" horse (mainly because Stolfi gave him the opportunity, because you can kind of tell Stolfi just doesn't give a fuck anymore) and gets an immediate pass from people who support his opinion (for example, you).

The obvious point Stolfi is making is that he's taking a quote that, to paraphrase, essentially says "I think we might go cashless someday, and virtual currencies will improve and become safer, and might just become the norm" and making it "pro-bitcoin." It's actually quite a big leap if you stop and think about it. Does he mean bitcoin, or does "improve" mean he thinks something will replace bitcoin? Does he couple the term "safer" with "improve" to imply that bitcoin is not safe? It's hard to tell, so to just blindly call it a "pro-bitcoin stance" is biased, don't you agree?

And keep in mind these are just questions raised from what he quoted. That's an hour-long video there, nobody visits a blog to watch an hour-long video.

If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.

[octaft]

If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.

You're missing the point. The point is the blogger (who is lythos btw) is twisting words and using an hour long video that nobody gives a shit about (including you, which is what clickbait like that relies on, btw, collective you not questioning how shitty the journalism is because you agree with/benefit from what is being stated) to make a bold "India is pro-bitcoin" statement. Which is an incredible stretch of the imagination in context, but does serve quite well, again, as clickbait.

Getting assholes like me to click on it to pick it apart is probably just gravy for the viewcount.

[cbeast]

If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.

You're missing the point. The point is the blogger (who is lythos btw) is twisting words and using an hour long video that nobody gives a shit about (including you, which is what clickbait like that relies on, btw, collective you not questioning how shitty the journalism is because you agree with/benefit from what is being stated) to make a bold "India is pro-bitcoin" statement. Which is an incredible stretch of the imagination in context, but does serve quite well, again, as clickbait.

Getting assholes like me to click on it to pick it apart is probably just gravy for the viewcount.

It takes India decades to get interested in anything. I don't begrudge lythos for posting clickbait especially when he adds "to the moon" to his comment. I guess it may fool some people. Yeah we need assholes like you too. 

[octaft]

If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.

You're missing the point. The point is the blogger (who is lythos btw) is twisting words and using an hour long video that nobody gives a shit about (including you, which is what clickbait like that relies on, btw, collective you not questioning how shitty the journalism is because you agree with/benefit from what is being stated) to make a bold "India is pro-bitcoin" statement. Which is an incredible stretch of the imagination in context, but does serve quite well, again, as clickbait.

Getting assholes like me to click on it to pick it apart is probably just gravy for the viewcount.

It takes India decades to get interested in anything. I don't begrudge lythos for posting clickbait especially when he adds "to the moon" to his comment. I guess it may fool some people. Yeah we need assholes like you too.  

I may be an asshole, but I'll never let a dick fuck me. 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[marcus_of_augustus]

Stolfi, NotLambChop and co. are not here to convince, you, I and other bitcoiners who already know it's revolutionary value to be true. They are here to pollute the waters for the new and curious that come seeking truth, wisdom and knowledge from the bitcoin well.

[Bagatell]

Stolfi, NotLambChop and co. are not here to convince, you, I and other bitcoiners who already know it's revolutionary value to be true. They are here to pollute the waters for the new and curious that come seeking truth, wisdom and knowledge from the bitcoin well.

QFT.