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

[jojo69]

Blaming capitalism for the mess the governments have created.

top government people and top business people are... the same.

and the big corps are decidedly bad actors in the whole situation

Many feel, mistakenly in my opinion, that government needs to exist as a counter to corporate power.  They tend to cling to the fiction that government is an actual civic authority and not already hopelessly captured by the very corporate entities they, rightly, fear.

Corporate power and government power both stem from unsound money. If the whole world used the same hard money (bitcoin), corporations and government worldwide would have to prove their worth to secure funding and live within their means to pay their debts.

In a world of easy money controlled by the government and corporations, human nature will always lead to corruption and greed.

The fix is coming and the fix is bitcoin as the world's single reserve currency. Any country not backing their money with bitcoin in 20 years will see their own currency hyper inflate.

It could very well be that the first countries to do so will end up being the worlds new superpowers just like the US became after the dollar became the world's reserve currency.

I see nothing to take issue with in that.

I was merely elucidating the "progressive" viewpoint.  Many on the left are genuinely good people, fighting the great power as they understand it, with the tools they think they have.  True lovers of liberty would do better to educate than to deride.

[infofront]

Ok guys. DO YOU HAVE YOUR ROCKET PICTURES READY???

Are you feeling okay?

[Bitcoinaire]

Looks like it's going down.

[d_eddie]

As I said already, we might go below 7k by the weekend. All regular, don't freak out. Hodl tight and btfd if you can. Conservative buys are advised: we might go a bit lower before the bears are done.

[STT]

Lots of barts.  Reversion to mean more then any breakout move seems to be the case still

It is still 100% impossible to create a decentralized digital currency, i.e. anything remotely resembling a Nash equilibrium instead of just a power vacuum to be completely monopolized.

Oh what basis is it broken, I thought Nash was about game theory in competitive markets which would include variation not the idea of perfection or declaring impossible absolutes

[Torque]

...until the govt tries to tax you for just breathing...

isn't that pretty much exactly what obamacare is?

Yeah pretty much. Another tax subsidy on the middle class proletariat to pay for those with poor health, and those unwilling to better their health. The wealthy elite and politicians don't have to pay anything. And the corrupt insurance companies and drug companies still get to overcharge and prosper.

But when premiums finally hit an unaffordable ATH and Average Joe can't afford to carry health insurance anymore, it will implode one day. The implosion has already begun.

[rolling]

Blaming capitalism for the mess the governments have created.

top government people and top business people are... the same.

and the big corps are decidedly bad actors in the whole situation

Many feel, mistakenly in my opinion, that government needs to exist as a counter to corporate power.  They tend to cling to the fiction that government is an actual civic authority and not already hopelessly captured by the very corporate entities they, rightly, fear.

Corporate power and government power both stem from unsound money. If the whole world used the same hard money (bitcoin), corporations and government worldwide would have to prove their worth to secure funding and live within their means to pay their debts.

In a world of easy money controlled by the government and corporations, human nature will always lead to corruption and greed.

The fix is coming and the fix is bitcoin as the world's single reserve currency. Any country not backing their money with bitcoin in 20 years will see their own currency hyper inflate.

It could very well be that the first countries to do so will end up being the worlds new superpowers just like the US became after the dollar became the world's reserve currency.

I see nothing to take issue with in that.

I was merely elucidating the "progressive" viewpoint.  Many on the left are genuinely good people, fighting the great power as they understand it, with the tools they think they have.  True lovers of liberty would do better to educate than to deride.

I understand. I'm just pointing out that the differences between left and right are only possible because of unsound money. The whole debate and the differing views can only be possible in a world of unchecked power made possible by unsound money. All of the fighting between left and right would likely be mute if the world used the same hard money.

The free market would decide the demand for government services and corporations. When everyone competes fairly for limited resources, the only way to survive as a government service or private service is to provide true value that people demand their money be used for.

[infofront]

Any comments on this?

Just Luke doing Luke. One more insane rant. What with the earth at the center of the universe, prepare for a PoW change, kill all the non-xtians, and the like.

One of crypto's more ... umm ... colourful characters, to be sure.

FWIW, Gregory Maxwell also believed that satoshi's design was fundamentally and irredeemably broken. And these are the 'geniuses' that so much of the community choose to follow.  

You highlighted one of the key differences between bcashers and bitcoiners. Bcashers follow people. Bitcoiners follow ideas.

Moving on, then. Luke's a bit nutty, but he's done more for Bitcoin than anyone involved in Bcash:

• Created one of the very first mining pools in 2011, and in 2014 released BFG miner, open source freeware to help others operate their Bitcoin miners. Both initiatives contributed significantly to helping Bitcoin stay decentralized.
• On March 11, 2013, Luke was the first to warn others that the Bitcoin blockchain was splitting and to call for emergency measures.
• Despite his interest in mining, Luke has always supported individual Bitcoin users, as was illustrated by his work on User Activated Soft Forks to help support SegWit activation.
• With 321 commits to Bitcoin core, he’s currently ranked by github as 7th most prolific core dev.
• Even though he’s most known for extensive code review and testing, Luke has contributed significant improvements to Bitcoin, such as figuring out how to deploy SegWit as a soft fork and BIPs 22 & 23.

List taken from https://medium.com/@tuurdemeester/fundraiser-for-luke-dashjr-2a4c0afb96a8

[STT]

and yet Im not following Luke Dash on twitter, my mistake.   We should have an official list for twitter resource/news, the platform allows lists to be shared.  My own list is very loosely collected though and not double checked

https://pbs.twimg.com/media/De4nfriUYAAImnh.jpg
well luckily I dont take everything I read unquestioned so I dont have a problem with the random feed, clearly he has a method there somewhere.  I've heard quite a few denounce democracy on the basis of poor education and misdirection of the masses.  I think its probably the best system though its path might be ironic and failure is a natural process within that.




Drawing in a support line on the daily which I think relates to finding a bottom here.  Was the top early November and has had weight in previous action similarly I think

[Anon136]

That one took longer than usual to finish this barting.

[OWZ1337]

The Mining Hardware Wars... oh it's on like Donkey Kong!

https://twitter.com/ynakamura56/status/1003908868114509824

Don't much like this

"Reservations start June 6, ships by Oct end"

We already saw the dif explosion, by the time you actually get this (not it is shipped) will it even be worth it?

Where is the ROI?

i prefer non-gmo lol

[Torque]

Ooooh looky, our world's super-secretive overlords are having another top secret meeting to discuss how they can fuck us over some more.

https://www.cnbc.com/2018/06/06/bilderberg-meeting-elite-focuses-on-politics.html

Hope their new plan includes more goosing of the bogus world markets and more MSM nominal confusion, or we're all screwed I guess.  

Also goodbye ICOs:

https://www.cnbc.com/2018/06/06/sec-chairman-clayton-says-agency-wont-change-definition-of-a-security.html

The agency is also not adjusting rules for initial coin offerings, and Clayton underlined that tokens or a digital assets used in that fundraising process are securities.

[Karartma1]

That one took longer than usual to finish this barting.

Next round then. My policy is not to have any funds on the exchanges unless necessary otherwise I would have profited greatly from the barting happening lately

[jbreher]

I think that largely he is criticizing the bcasher nutjobs in their assertions that bitcoin has to "get back to it's original vision," and a lot of the bullshit originalism that bcashers spout out in order to criticize various bitcoin evolutions, including segwit and including lightning, etc.

Get real. We don't dislike Segwit because it is not part of satoshi's original design; we dislike Segwit because it is at best a distracting irrelevant rearranging of the titanic's deck chairs, and at worst a fatal security virus that cannot be rolled back.

[Rsiyz]

https://en.wikipedia.org/wiki/Omar_Torrijos

Torrijos died shortly after the inauguration of US President Ronald Reagan, just two months after Ecuadorian president Jaime Roldós died in strikingly similar circumstances..
What a coincidence..
All is manipulation until ...

[fluidjax]

I think that largely he is criticizing the bcasher nutjobs in their assertions that bitcoin has to "get back to it's original vision," and a lot of the bullshit originalism that bcashers spout out in order to criticize various bitcoin evolutions, including segwit and including lightning, etc.

Get real. We don't dislike Segwit because it is not part of satoshi's original design; we dislike Segwit because it is at best a distracting irrelevant rearranging of the titanic's deck chairs, and at worst a fatal security virus that cannot be rolled back.

So, it’s “we” is it, who else are you speaking for?

[gentlemand]

The buy belongs in an asylum, IMO.

I dunno, man. I took him up on his tonal counting advocacy and now I feel tonbong times better, maybe even bongtran and I never thought I'd say that.

[jbreher]

Just no. There is a distinct difference between 'limited' and 'impossible'. Completely different.

Join the BCash dev team, put your money with your mouth is and prove it.

I have no idea what you are advocating here.

Or STFU troll.

No. We've been over this multiple times. Answer always the same. Your imperatives are toothless, you bloviating buffoon.

[jbreher]

You highlighted one of the key differences between bcashers and bitcoiners. Bcashers follow people. Bitcoiners follow ideas.

Haha. In your fuckin' dreams. As is evidenced by your following white knighting:

Moving on, then. Luke's a bit nutty, but he's done more for Bitcoin than anyone involved in Bcash:

...

[jbreher]

I think that largely he is criticizing the bcasher nutjobs in their assertions that bitcoin has to "get back to it's original vision," and a lot of the bullshit originalism that bcashers spout out in order to criticize various bitcoin evolutions, including segwit and including lightning, etc.

Get real. We don't dislike Segwit because it is not part of satoshi's original design; we dislike Segwit because it is at best a distracting irrelevant rearranging of the titanic's deck chairs, and at worst a fatal security virus that cannot be rolled back.

So, it’s “we” is it, who else are you speaking for?

The BCH community, as gauged by my reading of publicly expressed sentiment mostly outside this here echo chamber. My read may be imperfect, but it is certainly higher fidelity than JJG's woefully ignorant assertions, which is where this branch started.