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

[JayJuanGee]

A more humble person would have presented that as an opinion, not a fact.

Writing for example, "in my opinion they will be unbacked goldtethers...just like the current paper gold market...no thanks"

Or "I believe that in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks"

That's bullshit.

jojo gave you a good enough and logical answer that is pretty much a well known fact that includes that there is a lot of gold that is maniplated and difficult to get possession of millions of dollars of it, take the government of germany for example trying to get possession of gold held in the usa.  

You, Arriemoller, are engaged in trivial bullshit and distracting talk and attempting to give assignments to get caught in the weeds with bullshit about a supposed better status(that you assume) if an asset is backed rather than not backed.  

There is no fucking decent backing of any asset that is not manipulated, including gold.  Bitcoin happens to be a paradigm changing phenomenon because it is the first ever asset class that is backed by decentralized and trustless proof of work.  Sure, in the end, the bitcoin project might fail, but currently we have an asset that looks like it has real decent promise, and if any of the less than 1% of the world who currently HODL some bitcoin recognize the paradigm shifting contribution of bitcoin, they are likely to profit from such recognition by HODLing.  Sure there are going to be other folks who profit from HODLing bitcoin as well, even if they do not recognize the enormity of its paradigm shifting contribution as a new asset class.

So good luck with your attempt to find some asset class that is backed by something (such as gold) and is not manipulated to shit in a much more centralized way than bitcoin, which is currently king of decentralized proof of work backing value in practice.

Don't you mean "I, JJG, are engaged in trivial bullshit and distracting talk"?

Nope.  Did not mean that, and you know, better....     You really want to talk about some kind of backing of an asset (bitcoin or otherwise) or merely get caught up with irrelevant nonsensicals?  hahahhaha

Neither, just would like people that I normally consider intelligent and sharp to differentiate between opinions and facts, we are not teenagers om facebook, (well, I'm not entirely sure about you).

What the fuck you talking about?  I thought that you wanted to get into some kind of battle about the supposed superiority of some asset backed phenomenon (such as something like a crypto being backed by gold).  Then you seem to have little to no ability to stay focused?  Grow the fuck up, Arriemoller, instead of attempting to assume whether some one is a teenager or not, or if you have some kind of "we" rock in your pocket. Try to stay on some kind of topic that is meaningful to this thread, if you are able to.  Por favor.

[Lopumbo]

The New York Times: Worries Grow That the Price of Bitcoin Is Being Propped Up

[Enjel]

The New York Times: Worries Grow That the Price of Bitcoin Is Being Propped Up

More fake news.. we just had a 50% drop... the only "fear" of price manipulation is manipulation downwards.

[Arriemoller]

A more humble person would have presented that as an opinion, not a fact.

Writing for example, "in my opinion they will be unbacked goldtethers...just like the current paper gold market...no thanks"

Or "I believe that in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks"

That's bullshit.

jojo gave you a good enough and logical answer that is pretty much a well known fact that includes that there is a lot of gold that is maniplated and difficult to get possession of millions of dollars of it, take the government of germany for example trying to get possession of gold held in the usa.  

You, Arriemoller, are engaged in trivial bullshit and distracting talk and attempting to give assignments to get caught in the weeds with bullshit about a supposed better status(that you assume) if an asset is backed rather than not backed.  

There is no fucking decent backing of any asset that is not manipulated, including gold.  Bitcoin happens to be a paradigm changing phenomenon because it is the first ever asset class that is backed by decentralized and trustless proof of work.  Sure, in the end, the bitcoin project might fail, but currently we have an asset that looks like it has real decent promise, and if any of the less than 1% of the world who currently HODL some bitcoin recognize the paradigm shifting contribution of bitcoin, they are likely to profit from such recognition by HODLing.  Sure there are going to be other folks who profit from HODLing bitcoin as well, even if they do not recognize the enormity of its paradigm shifting contribution as a new asset class.

So good luck with your attempt to find some asset class that is backed by something (such as gold) and is not manipulated to shit in a much more centralized way than bitcoin, which is currently king of decentralized proof of work backing value in practice.

Don't you mean "I, JJG, are engaged in trivial bullshit and distracting talk"?

Nope.  Did not mean that, and you know, better....     You really want to talk about some kind of backing of an asset (bitcoin or otherwise) or merely get caught up with irrelevant nonsensicals?  hahahhaha

Neither, just would like people that I normally consider intelligent and sharp to differentiate between opinions and facts, we are not teenagers om facebook, (well, I'm not entirely sure about you).

What the fuck you talking about?  I thought that you wanted to get into some kind of battle about the supposed superiority of some asset backed phenomenon (such as something like a crypto being backed by gold).  Then you seem to have little to no ability to stay focused?  Grow the fuck up, Arriemoller, instead of attempting to assume whether some one is a teenager or not, or if you have some kind of "we" rock in your pocket. Try to stay on some kind of topic that is meaningful to this thread, if you are able to.  Por favor.

You seem to be a little unfocused yourself. Go back and read the hole argument and you will find that it was not about the gold backing per se but about the stating of an opinion as a fact.
What the fuck is a "we rock in your pocket"?

And in any case, you were not a part of that argument, so but out!

[realr0ach]

Damn it, I´m starting to like Russo after I dismissed him initially as a conspiracy theorist.

You only need to watch this 1 minute 15 second clip.  It's from 2005 or earlier before bitcoin was released.  What he describes as the banker's plan is to put everyone into the equivalent of a digital federated chain and anyone who goes against the banks, they can just turn off your transactions and your money is essentially confiscated/gone and you no longer exist:

https://youtu.be/xdwbO84BMWY?t=286

Such a system is exactly what bitcoin evolves into.  The transactions are not blinded (fungible) and transaction validators are designed to centralize, making it a permissioned ledger where the G20 govt can easily take over those transaction validators and legislate each transaction must be AML/KYC compliant (chain anchor).  From there it turns into the banker occupied govt randomly labeling all of their perceived enemies (anyone who refuses to be slaves) as "terrorists" and turning off your funds, so you either worship the Marxists who took over the state or die of starvation.

THIS is why numerous people describe PHYSICAL MONEY that can't be turned off by the state as a basic human right and safeguard to any form of democracy as I mentioned here:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-38-anyone-who-supports-digital-currency-over-silver-and-gold-is-the-enemy-of-humanity

[PoolMinor]

You seem to be a little unfocused yourself. Go back and read the whole argument and you will find that it was not about the gold backing per se but about the stating of an opinion as a fact.
What the fuck is a "we rock in your pocket"?

And in any case, you were not a part of that argument, so but out!

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

More bullshit posting for his mindless accusations and ad hominem attacks at your worthwhile arguments.

[realr0ach]

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

Which is why the merit system is stupid.  The people who receive the most merit will be pump and dumpers spamming irrational, infinitely increasing charts claiming the price of bitcoin is going higher than M3 money supply at like $1 trillion purchasing power per coin.

[Arriemoller]

You seem to be a little unfocused yourself. Go back and read the whole argument and you will find that it was not about the gold backing per se but about the stating of an opinion as a fact.
What the fuck is a "we rock in your pocket"?

And in any case, you were not a part of that argument, so but out!

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

More bullshit posting for his mindless accusations and ad hominem attacks at your worthwhile arguments.

Merit source or not, he is incredibly close to being my second ignore.

[explorer]

You seem to be a little unfocused yourself. Go back and read the whole argument and you will find that it was not about the gold backing per se but about the stating of an opinion as a fact.
What the fuck is a "we rock in your pocket"?

And in any case, you were not a part of that argument, so but out!

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

More bullshit posting for his mindless accusations and ad hominem attacks at your worthwhile arguments.

Merit source or not, he is incredibly close to being my second ignore.

Your tolerance is astounding.  Mystifying.  If it means you stop quoting him, I vote yes.

[Wekkel]

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

Which is why the merit system is stupid.  The people who receive the most merit will be pump and dumpers spamming irrational, infinitely increasing charts claiming the price of bitcoin is going higher than M3 money supply at like $1 trillion purchasing power per coin.

In that case, I am still waiting for more merit 

[TERA2]

Merit is going to be unfairly biased towards bulls, even if the bears are posting fantastic bear charts analysis with accurate predictions and the bulls are spamming about trains and insulting bears.

[realr0ach]

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

Which is why the merit system is stupid.  The people who receive the most merit will be pump and dumpers spamming irrational, infinitely increasing charts claiming the price of bitcoin is going higher than M3 money supply at like $1 trillion purchasing power per coin.

In that case, I am still waiting for more merit  

Let's also not forget that if this was the old days, people like "Death&Taxes" and "Rpietela" would have the most merit, and both later went on to scam everyone of money.  So just what exactly what is the merit system supposed to quantify?  I think ultra libertarian views might also inevitably morph into some form of nihilism to make scamming people more attractive an option, which is what a lot of the people pulling the scams are.  In other words, you're probably less likely to get scammed by Nazis than libertarians:



Libertarianism is also a scam in general and doesn't really even exist.  It's just a power vacuum that is then filled by a strongman who exemplifies force is the only real valid consensus mechanism.

[starmman]

But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  

Which is why the merit system is stupid.  The people who receive the most merit will be pump and dumpers spamming irrational, infinitely increasing charts claiming the price of bitcoin is going higher than M3 money supply at like $1 trillion purchasing power per coin.

In that case, I am still waiting for more merit  

Let's also not forget that if this was the old days, people like "Death&Taxes" and "Rpietela" would have the most merit, and both later went on to scam everyone of money o_O.  So just exactly what is the merit system supposed to quantify?.  I think ultra libertarian views might also inevitably morph into some form of nihilism to make scamming people more attractive an option, which is what a lot of the people pulling the scams are.  In other words, you're probably less likely to get scammed by Nazis than libertarians:

Haha, hopefully the merit system will at least stop the spam bots that were plaguing the site a couple of months ago - haven't noticed so many of them lately

[TERA2]

Merit is going to do nothing to prevent spam accounts unless merit throttles their posts somehow - otherwise they dont care about what their merit score is

[realr0ach]

Tera, if bitcoin is not a govt backed scam to try and get people into a cashless society slave system, then why did France pass this law on metals in 2013 but here we are in 2018 and no attempt to stop bitcoin at all?  Instead of trying to stop it, Jew banking shills like Bernanke and Larry Summers promote it.  This is starting to become the most obvious scam I've ever seen. 

France Prohibits Sending Currency, “Coins And Precious Metals” By Mail - 2013

In new legislation which was enacted May 23rd, the French government decreed that it is forbidden to send all forms of currency - coins and cash and all forms of precious metals – coins, bars and jewellery by mail.

The legislation was published on Legifrance, the French government entity responsible for publishing legal texts online and can be seen here.

It was not announced by the government and not covered in the media.  There were no communications and nobody in the government justified or explained this decision.

The legislation says that “the insertion of banknotes, coins and precious metals is prohibited in mailings, including the insured items, registered items and items subject to formalities certifying deposition and distribution. "

Some have suggested that the decree is to limit what is known in France as “the anonymous market”, the market in which no taxes are paid and people are free to trade without the supervision of banks and government.

However, euro coins and notes and gold bullion coins and bars attract no tax in France and therefore this is more likely to be an attempt to discourage the ownership of gold bullion and cash outside of the banking system and is a form of capital control.

[explorer]

Merit is going to do nothing to prevent spam accounts unless merit throttles their posts somehow - otherwise they dont care about what their merit score is

How about - no signature allowed below xxx merit.  Fuck 'em right over.

[mymenace]

They preparing the one world currency,

Beware the IMF SDR (Standard Drawing Rights)  crypto version already tested ACC https://www.acchain.org/en/

And their buddies segwit, bcash, bgold, blockstream

https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money


bastards knew crypto was coming, preparing since 1933  

[TERA2]

Tera, if bitcoin is not a govt backed scam to try and get people into a cashless society slave system, then why did France pass this law on metals in 2013 but here we are in 2018 and no attempt to stop bitcoin at all?

France Prohibits Sending Currency, “Coins And Precious Metals” By Mail - 2013

In new legislation which was enacted May 23rd, the French government decreed that it is forbidden to send all forms of currency - coins and cash and all forms of precious metals – coins, bars and jewellery by mail.

The legislation was published on Legifrance, the French government entity responsible for publishing legal texts online and can be seen here.

It was not announced by the government and not covered in the media.  There were no communications and nobody in the government justified or explained this decision.

The legislation says that “the insertion of banknotes, coins and precious metals is prohibited in mailings, including the insured items, registered items and items subject to formalities certifying deposition and distribution. "

Some have suggested that the decree is to limit what is known in France as “the anonymous market”, the market in which no taxes are paid and people are free to trade without the supervision of banks and government.

However, euro coins and notes and gold bullion coins and bars attract no tax in France and therefore this is more likely to be an attempt to discourage the ownership of gold bullion and cash outside of the banking system and is a form of capital control.

Nothing about bitcoin would help this government objective. If the government wanted to do that, they would just require the use of bank accounts and start collecting all cash in circulation. Bitcoin is a poor choice as it takes control away from them - it also just sucks for consumers in general (transaction time and fees) and requires an electronic device and internet that most people dont have and cant afford.

[realr0ach]

They preparing the one world currency, bastards knew crypto was coming

There's no need for them to attempt to confiscate metals this time.  They have already done so by artificially rigging the commodity markets down to cost of production while JPMorgan - acting as an agent of the US govt - cornered the entire silver market with something like 700 million ounces.  The confiscation has ALREADY occurred.  When the debt bubble implodes and the dollar goes with it, they will re-back a new currency with silver because the US legal system says a dollar is supposed to be 371 grains of silver anyway, and Ft Knox is empty of gold, so no other option.

[mymenace]

They preparing the one world currency, bastards knew crypto was coming

There's no need for them to attempt to confiscate metals this time.  They have already done so by artificially rigging the commodity markets down to cost of production while JPMorgan - acting as an agent of the US govt - cornered the entire silver market with something like 700 million ounces.  The confiscation has ALREADY occurred.  When the debt bubble implodes and the dollar goes with it, they will re-back a new currency with silver because the US legal system says a dollar is supposed to be 371 grains of silver anyway, and Ft Knox is empty of gold, so no other option.

Furthermore the new brics gold standard with Russia and China is meant to be backed by real gold/silver reserves.

A lot of hope it will expose the western worlds ETF and paper gold/silver markets

There is conspiracies the silver and gold in US reserves is of poor quality to look large, conspiracy only