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Question: Where will this rally top out?
Already topped <$7,000 - 19 (24.1%)
$7,000-$7,499 - 6 (7.6%)
$7,500-$7,999 - 8 (10.1%)
$8,000-$8,499 - 4 (5.1%)
$8,500-$8,999 - 5 (6.3%)
$9,000-$9,499 - 1 (1.3%)
$9,500-$9,999 - 0 (0%)
$10K+ - 36 (45.6%)
Total Voters: 79

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21587879 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (144 posts by 34 users deleted.)
Elwar
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July 19, 2018, 07:51:20 PM
Merited by Syke (1), Ibian (1)

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Reply with quote  #2

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becoin
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July 19, 2018, 07:58:27 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
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July 19, 2018, 08:00:54 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Imagine an alien watching us humans as we develop ASICs and set up huge computer farms for mining Bitcoin.

"Why do they expend so much time and resources to solve these cryptographic puzzles? Is this vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather the products of these solutions and hide them away in little electronic devices so that other humans don't take them."

PS: becoin beat me to it...
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July 19, 2018, 08:04:25 PM

I'm not buying it. Asteroid gold mining wont happen. That is the worst argument ever conceived for future abundance of gold.

Its not working unless they can avoid the problems of gravity and/or have acquired infinite energy.   IF they solve the energy cost problem then the whole world economy is going to be reordered in some way anyhow.
They'd need to bring the meteor down to earth, I dont think its impossible but improbable and yea gold utility is not high.  Its not a growth industry just an inverse of other factors, probably mostly relating to volatility, instability.   Every currency type is a store of wealth or excess profit, its not especially negative to call gold out in that way.

Dollar notes rot go mouldy when buried, Escobar had this problem when trying to store wealth, gold wins on most comparisons and the price comes after but its no failure of a product.  His greatest legacy is a set of hippos left in his country estate.  
jbreher
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July 19, 2018, 08:11:15 PM

Funny thing about profit? It can only be garnered by providing something the masses want at a price for which they are willing to pay.

Truth is, the cold indifference of profit-seeking enterprise is the mechanism by which the lowliest among us live better longer lives in more comfort than the aristocracy of merely a century ago.

In general, but it is certainly not a universal mechanism. The victims of the Bhopal disaster hardly lived or are living better, longer lives.

Your point is well taken. I could point out that 'on balance' is the only meaningful way to make such assessments. And please do not misunderstand my next point -- as I would be quick to agree that the loss of inanimate business entities  pales in the face of human life. But you may have noticed that Union Carbide is no longer a viable company. IOW, this organization is demonstrably proven to be very poor at profit-seeking.
Elwar
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July 19, 2018, 08:15:19 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?


Aliens would understand bitcoin. Because that's how their money works.

#alientech
#satoshiwasanalien
Ibian
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July 19, 2018, 08:24:27 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."
Humans are weird. To get an idea of just how weird, look up The Deathworlders. Ongoing monthly sci-fi with aliens that are in some ways more human than human.
Ibian
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July 19, 2018, 08:25:09 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.
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July 19, 2018, 08:30:32 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

They would understand the point of accumulating gold as payment instrument. What you would say about Rai Stones?

https://en.wikipedia.org/wiki/Rai_stones
mymenace
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July 19, 2018, 08:30:58 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the god kings (or whatever they were)

Torque
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July 19, 2018, 08:34:48 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Warren Buffett made this exact argument about gold.

The thing is though, any civilization of beings sufficiently advanced above a barter system would need *something* (physical or digital) to store work value as money. It doesn't matter what the thing is, it just has to exhibit all the essential properties (e.g., rare/scarcity, fungibility, durability, divisibility, secure, proof of work, etc., etc.) for that race's encapsulated existence. Shared belief among the beings does the rest. It's all about shared belief that something has value, because the thing in and of itself really doesn't.

It becomes more of a problem on a galactic scale, of course, unless you control the whole galaxy. Then you can dictate the universally accepted monetary system.
bitserve
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July 19, 2018, 08:37:01 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the gods (or whatever they were)



Yeah... that made them realise we were stupid beyond any hope and be gone leaving us with our useless metals. Some day they will be back and take all our precious Bitcoin. THAT will hurt.
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July 19, 2018, 08:38:33 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the gods (or whatever they were)



Yeah... that made them realise we were stupid beyond any hope and be gone leaving us with our useless metals. Some day they will be back and take all our precious Bitcoin. THAT will hurt.


You sure they want the bitcoin

The ancient gods used our female women to create the nephelim

If you believe in such Bibles


This became a commodity of very significant galactic consequences



as with human trafficking today this would be a galactic problem among any race

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July 19, 2018, 08:47:28 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.
bitcoinPsycho
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July 19, 2018, 09:05:41 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.

Um.   gold is an element is it not
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July 19, 2018, 09:17:44 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.

Um.   gold is an element is it not

Yes, gold is an element. If a cosmic ray hit a gold atom, there is a chance that it could transmute it into another element. However, since most of the gold would be beneath the surface of an asteroid, I doubt the cosmic rays will be able to penetrate very far.
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July 19, 2018, 09:21:23 PM

All accessible gold on earth comes from meteorite bombardment 200 million years after the earth’s formation.   All of our gold comes from space.

https://www.sciencedaily.com/releases/2011/09/110907132044.htm
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July 19, 2018, 09:40:15 PM

Sigh... There just isn't enough time in the day to address all these triggers...

Go right ahead, click Ignore/scroll on by. This is a special delivery for our tax-evading merman/pirate Elwar:

You falsely believe that I don't want to share. There's a difference between being extorted and voluntarily sharing.

Extortion is criminal and tax-funded states protect citizens against extortion.

Taxation is legal and as fair as possible by consensus in dozens of countries.

Slavery was perfectly legal for a long time. Doesn't mean it was right.

Again, your reaction to someone not wanting to be extorted is to think they are being greedy. It is more greedy to just want everything taken care of through a system of force instead of coming up with a better system that benefits society without force.

Your ideas are so good that they require the point of the gun for people to cooperate.

Yeah, so every tax day in developed nations around the world, federal tax agents go door to door pointing guns at people's heads. There's riots in the streets. Thousands of delinquents are led to prison in chain-gangs. Everything shuts down, taxes are so onerous.

What world do you live in? The vast majority pay their taxes without coercion. Hell, they even voted for them. Most offenses are negotiable civil penalties and payment plans. Even major tax evasion is usually handled in the courts without bloodshed. What are you, a syndicated crime boss to be so concerned with paying taxes?

Equating "the evils" of taxation to those of slavery is beyond irresponsible. Justified outrage over slavery caused a major fucking civil war in the US, pitting brother against brother. The effects are still rippling through society today. Taxes are a minor annoyance in comparison.

Quote from: Elwar
If you don't want to pay taxes, go ahead and renounce your citizenship, go live on a boat and see how long you survive without state assistance once pirates, typhoons and diseases show up.
I already left the country, working on that "boat"[/url] part.

So you literally want to put glorified houseboats on coral reefs? Of all the inane places to put houseboats, you couldn't pick a more sensitive, fragile ecosystem? Who the hell are your science and engineering advisers?

Tropical sun and saltwater comprise one of the most punishing, corrosive environments in the world. Even the best designed yachts require ridiculous amounts of maintenance, cleaning, and dry dock expenses. How are you managing hull buildups floating directly on the water? Only the poorest of the poor in developing countries live in miserable water villages, and even they aren't stupid enough to float; they stilt! What will people do to combat island fever, stare at the ocean, stare under the ocean, stare at the ocean again? Who are your clients, invalids?

The amount of energy required to maintain a comfortable lifestyle over tropical waters is insane. How are you managing climate control, with outdoor compressors and generators? Where is your fresh water coming from during inevitable dry spells, desalination? I can't imagine solar will be enough to power everything, so are you relying on diesel? There's hardly enough wave or tidal energy behind lagoonal reefs, nevermind the infancy in technology. How are you managing corrosion? Boat transportation involves even more diesel since you won't be tethered to dry land. So right off the bat, your energy supplies are unsustainable.

What about food? Coral reefs are hardly sustainable food sources; they are already on the brink of ecological collapse. You can't grow seaweed in such nutrient-poor waters, you can hardly even grow vegetables or raise goats on impoverished tropical soils. What kind of salt-spray-tolerant trees will you grow on a floating platform, coconut palms? They hardly provide enough shade and are a hazard to everything and everyone below.

So security will be provided by the host country? At what expense? Via taxes and import tariffs? Hahaha. Where's the sovereignty in that?

What about pollution and sanitation? Are you attempting septic wastewater treatment? Over coral reefs? Speechless.

Not a single aspect of your glorified houseboats is sustainable, much less scalable. Not energy, water, food, ecology, maintenance, sanitation, or security. It's an absolute nightmare of a money pit.

If you had put just a tiny bit more thought into this pilot plan of yours, you would have chosen a far more feasible environment with cheap, sustainable resources, like the pacific northwest. Plenty of cloud cover and rain for drinking, comfort, and corrosion control. Sheltered bays. Nutrient-rich waters for sustainable protein and seaweed harvesting. Barely a need for climate control. Minimal risk to the environment from effluent. The potential for wave and tidal energy. Hell, you'd probably even be able to draw from existing land-based hydroelectric power. And tons and tons of excursion opportunities onto continental dry land when you get island fever. You could even raise money providing tours via local tourism. Best of all, you wouldn't have to barge all your building materials and supplies to the middle of the fucking ocean. I bet you could even Amazon Prime.

And what the hell do houseboats have to do with an ICO? Seriously? The biggest red flag boondoggle of all.

You may have accidentally made a lot of money on crypto, but it just goes to show, money cannot buy you brains.

What you promise:
https://www.seasteading.org/wp-content/uploads/2017/11/NBC-floating-island.jpg

What you'll deliver:
https://lh4.ggpht.com/-WoCCo4Bdhmk/U06Lgla3GPI/AAAAAAAAxiw/YhU1Qe8D9n8/makoko-12%25255B5%25255D.jpg

/trigger

Whew.

Go Bitcoin Go.
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July 19, 2018, 09:41:03 PM

French or English, I cannot understand your point.
bitserve
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July 19, 2018, 09:42:03 PM

what did i saids one year ago ?

its a scam

in thz mentaime gzt 100x - think about it, theymos lose our time I don't

je te la refais en fr :

qu'est bcxe que j'ai dis il ya an ?

que vous<alliez percre te que mou je gangerai... vous êtes vraiment des connards


shitcointal traduis si ra envie,je <m'en bas les couilles de ce mecs... mais toi et miss k je respecte.. tes pas arabe de toutre façon.

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