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

[Ibian]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am here for a really huge quick buck which will only be possible if my belief in the bitcoin fundamentals are correct and obviously our Great Leaders won't like something they can't control. Does that count?

So long as you aren't trying to lead anyone up the garden path on the way, then yes, I can't see why that wouldn't count Ibian.

After all, your belief in the bitcoin fundamentals and your making a really huge quick buck are not mutually exclusive.

But pssst ... when you cash out don't cash out to dollars hey ? Maybe property or something.

I follow the SSS method. Small part fiat for actually living, mostly bitcoin. Forever and ever. Unless we hit millions and what a lovely problem that would be.

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[Torque]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

[Last of the V8s]

https://twitter.com/jonmatonis/status/910564200254144514

oo. Cryddit. big blocks guy. satoshi's vision stuff. god i'm slow

[Ludwig Von]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Question is of course if they will allow us to hedge against their wrongdoings. Imagine what will happen when their bubbles, stawks, real estate, bonds and not to forget, debt, pop all together at the same time... .

[Ibian]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Question is of course if they will allow us to hedge against their wrongdoings. Imagine what will happen when their bubbles, stawks, real estate, bonds and not to forget, debt, pop all together at the same time... .

It will be glorious.

[Wekkel]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

[Ludwig Von]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?

[Wekkel]

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?

For now, that seems the most probable scenario to me.

[Bitmore]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

Bingo!!!
GOOD MAN!!!!

You won the post of the week!!!

So there are some very obvious truths that you mention.
There is also FUD from people who have an agenda which counts on FEAR.

I am HODLing!!!!!!

[d_eddie]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

[Ibian]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

Again. Colored boxes.

Go actually take an iq test, then come back.

[BlindMayorBitcorn]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

[JayJuanGee]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

Tell me what you are going to do, BMB, in order that I can do the opposite.   

Buy?  Sell?


And, don't be working me with any reverse psychology.  Come straight with me.    

[BlindMayorBitcorn]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

Tell me what you are going to do, BMB, in order that I can do the opposite.   

Buy?  Sell?


And, don't be working me with any reverse psychology.  Come straight with me.    

I'm not a trader, Jay. I don't do anything. I just hang around cracking wise and hodling.

[BlindMayorBitcorn]

I haven't been verified on an exchange since Vault of Satoshi shuttered.

[Meuh6879]

I like Vault.

[BlindMayorBitcorn]

^I haven't played a video game since Bioshock. That's why I'm afraid of Elwar.

[bones261]

^I haven't played a video game since Bioshock. That's why I'm afraid of Elwar.

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

[BlindMayorBitcorn]

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

[bones261]

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

Don't talk about my girlfriend like that.  She was my best friend in High School. I had some good friends that were D&D characters, but they kept getting killed off.