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

[xhomerx10]

Ok. It's official.

I'm drying myself off for a bit.

With any luck, I shed 5 lbs of bloat in the next 7 days.

... and more importantly, Bitcorn heads towards $7k USD.

Sheeeit 

 Then it's better for all involved

[Torque]

OT : Scary article about the corporate bond market.

https://www.businessinsider.com/goldman-sachs-exec-on-corporate-bond-market-worry-2018-10

Have we (they) learned nothing??

Go Bitcoin go!

[Last of the V8s]

https://www.youtube.com/watch?v=cidZRD3NzHg George Gilder: Forget Cloud Computing, Blockchain is the Future
~transcript for d_eddie https://www.hoover.org/research/george-gilder-forget-cloud-computing-blockchain-future

Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.

[Icygreen]

The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.  

[d_eddie]

https://www.youtube.com/watch?v=cidZRD3NzHg George Gilder: Forget Cloud Computing, Blockchain is the Future
~transcript for d_eddie https://www.hoover.org/research/george-gilder-forget-cloud-computing-blockchain-future

Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.

Thanks for the usual impeccable scouting, and for the personal touch of a transcript 

"Blockchain as the technology of the future" though? That is almost right, but not quite. I think it's more like "bitcoin as the money of the future".

[HairyMaclairy]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

[pönde]

The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.  

Since the Petro is a centralized government coin, it could be printed out of thin air like fiat, so I would not really hold much of them as a storage of wealth.

But it is interesting the way, that I could use it, just like Bitcoin, to purchase some stuff from Venezuela. And the banks can do nothing about it.

[pönde]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

[Last of the V8s]

"Blockchain as the technology of the future" though? That is almost right, but not quite. I think it's more like "bitcoin as the money of the future".

Yuh his whole thesis is very curate's egg, but notbad for an older bloke.

Peter Robinson: I just want to make sure I heard this right. You just called Larry Page and Sergey Brin, these geniuses who in 20 years have gone from zero to a company with a market cap of 870 billion at market close yesterday. You just called them delusional. I heard that right?
George Gilder: Yep. There are a lot of delusional, brilliant Marxists in the world.

[Last of the V8s]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

They get fucked in the ass by the biggest green dildo ever. Fact.

[pönde]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

They get fucked in the ass by the biggest green dildo ever. Fact.

 

Lets start promote US sanctions for Bitcoin? Anyone has any good Blueprint for that?

[Last of the V8s]

https://medium.com/@Danschilltz/on-triffin-and-money-and-ideals-and-games-and-the-fed-8b7e67871c0c
again with the patchy, but very informative  x2
https://einzelgaengerinmotte.wordpress.com/2018/10/02/consent-and-consensus/

[El duderino_]

[infofront]

Ok. It's official.

I'm drying myself off for a bit.

With any luck, I shed 5 lbs of bloat in the next 7 days.

... and more importantly, Bitcorn heads towards $7k USD.

Sheeeit 

If we kick off another epic bull run within the next week, you won't be able to drink for a long time though. 

[El duderino_]

one of the so many predictions..... let it come

[El duderino_]

But FUCK

via Imgflip Meme Generator

This is life right NOW 

[Spaceman_Spiff_Original]

The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.  

I think we can quite safely predict that the Petro will be a total bust, and if anything will be negative for some peoples view of cryptocurrencies.  I doubt it will have a lot of impact in the larger scheme of things though.

[jojo69]

spiff

long time no see

welcome!

[JayJuanGee]

Personally, I believe that a person can be into bitcoin for what they believe the technology to be without really understanding a lot of the details, and largely relying upon the representations of folks who they believe to be credible and more technologically astute than themself. 

Of course, there is some necessity to have some skills in terms of attempting to suss out bullshit, and attempting to learn from experiences and to recognize contradictory information.

By the way, there is a certain degree of relativism in terms of understanding technology, and there are some folks who seem to be very technologically advanced, relatively speaking, but will exude a certain level of modesty in their discussion and even assert that there some parts of the technology that they do not understand, in spite of their relative high level of technical expertise.

[Hueristic]

Poll reset

Damn, I'm farther off every month!

I never click/tap Twitter links. Far too much hassle and my device wasting time to show a merely 140 character message. And not even counting going back to this thread.

It is a pain, I have to get redirected to the non Js version as well.

Hey mindrust, no need for name calling. Some of us are not young anymore.  We no longer trust our memory like we used too.

LOL, unfortunately this is true.

https://www.zerohedge.com/news/2018-10-02/us-gross-national-debt-soars-127-trillion-fiscal-2018-hits-215-trillion

Rekt

Is this a bad thing?