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

[Arriemoller]

The correlation between wealth, power and opportunity and income is much greater than that between intelligence and income.
Much greater.

Dilbert's "Salary Theorem" states:

"Scientists and Engineers can never earn as much as administrators and sales people."

This theorem can now be proved mathematically:
Given:
Power = Work / Time and, Knowledge is Power
Substituting knowledge for power, we obtain: Knowledge = Work/ Time
If time = money, then: Knowledge = Work/ Money
Solving this equation for money, we obtain: Money = Work/ Knowledge
Therefore, as knowledge approaches zero, money approaches infinity, regardless of the amount of work done.

Conclusion: the less you know, the more you make.

Simple and clean

Pointy-haired is rich?

[1714475450]

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[1714475450]

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[1714475450]

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[Torque]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

[Arriemoller]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

LOL

[practicaldreamer]

Apparently, under Jamie Dimons guidance, JPM now have a new recruitment 'IQ' test for graduates hoping to enter the business. The first part tests the candidates knowledge and understanding of 'blockchain' - the second part inquires as to their propensity to invest in bitcoin.
Those candidates that prosper (and so become wealthy) understand blockchain but wouldn't invest. Those that go back on the dole queue and can't afford children all said that they would have invested in bitcoin.

The correlation between wealth, power and opportunity and income is much greater than that between intelligence and income.
Much greater.

Dilbert's "Salary Theorem" states:

"Scientists and Engineers can never earn as much as administrators and sales people."

This theorem can now be proved mathematically:
Given:
Power = Work / Time and, Knowledge is Power
Substituting knowledge for power, we obtain: Knowledge = Work/ Time
If time = money, then: Knowledge = Work/ Money
Solving this equation for money, we obtain: Money = Work/ Knowledge
Therefore, as knowledge approaches zero, money approaches infinity, regardless of the amount of work done.

Conclusion: the less you know, the more you make.

Simple and clean

Been worth coming to this thread just for that 

[Meuh6879]

I consider it a failed experiment in socialism that sounded good on paper.

It's highly correct.
A "bank country" to be honest is the good formula.

[Meuh6879]

Give me the next in the sequence - fish, chips, mushy peas and.....

 Gravey... I prefer tomato sauce

not enough flux here ...

[bitebits]

@Elwar

http://www.prnewswire.com/news-releases/freesocietycom-to-form-the-worlds-first-libertarian-country-646060023.html

[aesma]

BTW, are you guys aware that almost all americans are european and asian "immigrants" 

OK, let´s stop this. lets stay polite to eachother.

Yes of course, but that is not the issue.

The issue is that the last time I checked, there is not a country in the world that you can go to, just cross the border, and say "I'm going to live here permanently now." It doesn't, and shouldn't ever work like that.

Ummmmm Have you heard about the European Union?


Edit: 3 years ago I finished my PhD, I crossed a border (by plane) and I said "I'm going to live here as long as I want."

It's not quite that easy, you can cross the border in the EU, but you can only stay in another country for three months unless you get a job or study. And it could be argued that the EU is a de facto country.

If you don't ask for public assistance but instead pay into the system, having a job is not a requirement.

Most people would move to a country where there are job offers anyway.

[Last of the V8s]

Fellow bitcoiners salute charismatic Comrade President Xi's continued efforts to decentralize Chinese mining hashrate.

[Samarkand]

Let´s get back to talking about Bitcoin.
This IQ discussion is not really relevant to the BTC/USD price.
Unless someone of you would link a study that shows a correlation
between high IQ and a large stash of Bitcoin.

Talking about large amounts of BTC:


This graphic really illustrates how many BTC some of the early adopters own.
Some crazy other stats as well!

What are your thoughts on this distribution?

[mattimann]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

LOL yeah, just a bit. Try again...

[Karartma1]

@practicaldreamer
Thank you for reminding me about that! Once I wrote it on the blackboard and my math teacher did not take it well

https://twitter.com/exiledsurfer/status/910550512659046400
https://t.co/TdkflQr6w0
can someone get the text of this for us please
@nic__carter 5h5 hours ago

Absolute must-read this morning from a man who reviewed Bitcoin code in 2008.

Wow, what an amazing read by one of the few people who met Satoshi and worked with him at the very beginning.

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

[Last of the V8s]

@practicaldreamer
Thank you for reminding me about that! Once I wrote it on the blackboard and my math teacher did not take it well

https://twitter.com/exiledsurfer/status/910550512659046400
https://t.co/TdkflQr6w0
can someone get the text of this for us please
@nic__carter 5h5 hours ago

Absolute must-read this morning from a man who reviewed Bitcoin code in 2008.

Wow, what an amazing read by one of the few people who met Satoshi and worked with him at the very beginning.

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

please could you put the text on archive.is or a pastebin? and link here?

[Samarkand]

...

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

That article is really amazing.

The two things that fascinate me the most about Satoshi are:
-his ethics and his wisdom to withdraw himself from the project to truly give it the chance to blossom
-his genius as showed in getting right the incentives for miners, nodes and all other participants

If Satoshi would indeed be several persons instead of a single individual, the ethics
part would even be more rare and astonishing.

[Samarkand]

...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome! 

[Ibian]

John McAfee in Bitcoin is kind of the same problem the alt-right has, a leaderless organization/movement to expel Jewish usury parasites off the backs of humanity.  Since there is no formal structure, a gay, Jewish guy named "Milo" just walks up and says "who's the leader around here?  nobody? ok, looks like I am.".

Putting aside the racist parts of your rants, I don't see anything the alt-right is obsessed with that would expel usury parasites off the back of humanity. For starters they champion a billionaire president !

Money is not evil, comrade. Otherwise you might be in the wrong place.

[Last of the V8s]

...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome!  

https://archive.is/ZJChP

many thanks

btw some people on twitter unsure if article is entirely genuine. time will tell
time told: backup http://satoshi.nakamotoinstitute.org/emails/cryptography/5/
http://diswww.mit.edu/bloom-picayune/crypto/137796
 

[Wekkel]

Let´s get back to talking about Bitcoin.

[...]

What are your thoughts on this distribution?

How many large balances are dormant (and perhaps abandoned)? This graph does not mean much to me.

[mattimann]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

LOL yeah, just a bit. Try again...

https://t.co/TdkflQr6w0

This woke me up!
Thanks for sharing!

[cAPSLOCK]

Milo is fabulous.

He also thinks gay kid diddling is a good thing. Never liked him and he lost a lot of support over that.

No arguing with you there. Not going to defend what Milo said in that particular instance.

I will admit he lost a lot of support from me as well.

Normalizing paedophilia is never a good thing.

Isn't the whole "USA should only be a nation of straight white people" thing kinda counter to your...existence?

Not to speak for Bob, but that is a extreme misrepresentation of Milo's position.