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

[Toxic2040]

Jack's coming around it look's like...interesting.



https://twitter.com/jack/status/1087914900628766720

Here is the interview with Taleb and Naval in case you missed it. He is a much better writer than speaker imo, but it's still pretty good and worth checking out. It is somewhat hard to follow so bring a open mind and some patience. ymmv

https://www.youtube.com/watch?time_continue=5&v=Da0aXfshlxM

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[BTCMILLIONAIRE]

Allow me to pull it from the quote above:

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

You're welcome.

If you truly believe that is globally true then you are either blind or a fool. first world views for first world problems.
You cannot think beyond Nintendo fat slobs that leach off society.
The world goes beyond your front yard.

What opportunities can these kids take advantage of?

https://www.child-soldiers.org/where-are-there-child-soldiers

I have no idea. I'm not on the ground where '56 non-state organizations' in '14 warring countries' are employing kids in this manner. All opportunity is specific to the individual. You're going to need to be more precise in your inquiry.

But to come full circle, what does that have to do with BITMILLIONAIRE's original statement? I shall repeat it once again, should you have already forgotten.

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

And I will refer you back to my original reply to your snip of his post for your full circle.

So you are stating that the child soldier in your example would be better off complaining than trying to figure out how to stay alive or find a way out of his current life?

[Anon136]

He's correct the level of journalism in this space is on par with straight bloggers.

It only appears that way because this happens to be a niche that you are particularly educated on. It's the same for every other subject too. Remember this when you are listening to "journalism" on some subject you aren't that knowledgeable on. If you were more knowledgeable on that subject it would sound just as bad as it does for the thing you are knowledgeable on.

[Hueristic]

So you are stating that the child soldier in your example would be better off complaining than trying to figure out how to stay alive or find a way out of his current life?

I have been speaking in generalities but yes if that was his only outlet other than getting killed. I refer now you back to my original post, this is why speaking in absolutes is always wrong.

[Hueristic]

He's correct the level of journalism in this space is on par with straight bloggers.

It only appears that way because this happens to be a niche that you are particularly educated on. It's the same for every other subject too. Remember this when you are listening to "journalism" on some subject you aren't that knowledgeable on. If you were more knowledgeable on that subject it would sound just as bad as it does for the thing you are knowledgeable on.

I hear ya, and I blame it on the money trail to the click baiters.
Nite all.

[HairyMaclairy]

But to come full circle, what does that have to do with BITMILLIONAIRE's original statement? I shall repeat it once again, should you have already forgotten.

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

Ok lets consider slavery.  Yes there are slaves right now.  To wit:

Modern slavery is defined as slavery, servitude, forced or compulsory labour and human trafficking1. The 2016 Global Slavery Index estimates that 45.8m people in 167 countries are living in modern
slavery today2. The majority are victims of exploitation in private sector activities, such as manufacturing, construction and agriculture. Forced labour and slavery is big business — the International Labour
Organisation estimates that illicit profits from these crimes amount to US$150b per year. Businesses are facing increasing pressure to tackle the crisis of modern slavery head-on as awareness grows and
consumers demand more responsibility from their preferred brands. Modern slavery also represents a significant reputational risk to businesses as non-governmental organisations and the media ‘name
and shame’ companies who violate human rights.   [...]  In 2016, there were an estimated 11,700 victims of slavery in Britain alone

 Source:  https://www.ey.com/Publication/vwLUAssets/ey-the-uk-modern-slavery-act-2015/$FILE/ey-the-uk-modern-slavery-act-2015.pdf



Can we safely assume that Jbear and BTCMillionaire think that any of the current 45 million slaves in the world that has time to complain about about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them? 

Is this how you guys think?

[BTCMILLIONAIRE]

So you are stating that the child soldier in your example would be better off complaining than trying to figure out how to stay alive or find a way out of his current life?

I have been speaking in generalities but yes if that was his only outlet other than getting killed. I refer now you back to my original post, this is why speaking in absolutes is always wrong.

So you'd rather have people complain and die than having them trying to figure out steps to improve their life in whatever ways accessible to them. How is that supposed to ever accomplish anything?

[BTCMILLIONAIRE]

But to come full circle, what does that have to do with BITMILLIONAIRE's original statement? I shall repeat it once again, should you have already forgotten.

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

Ok let's take slavery.  Yes there are slaves right now.  To wit:

Modern slavery is defined as slavery, servitude, forced or compulsory labour and human trafficking1. The 2016 Global Slavery Index estimates that 45.8m people in 167 countries are living in modern
slavery today2. The majority are victims of exploitation in private sector activities, such as manufacturing, construction and agriculture. Forced labour and slavery is big business — the International Labour
Organisation estimates that illicit profits from these crimes amount to US$150b per year. Businesses are facing increasing pressure to tackle the crisis of modern slavery head-on as awareness grows and
consumers demand more responsibility from their preferred brands. Modern slavery also represents a significant reputational risk to businesses as non-governmental organisations and the media ‘name
and shame’ companies who violate human rights.

 Source:  https://www.ey.com/Publication/vwLUAssets/ey-the-uk-modern-slavery-act-2015/$FILE/ey-the-uk-modern-slavery-act-2015.pdf  



Can we safely assume that Jbear and BTCMillionaire think that any of the current 45 million slaves in the world that has time to complain about about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

If said slave chooses to spend time that he could've used e.g. on devising an escape plan on complaining.

[Phil_S]

He's correct the level of journalism in this space is on par with straight bloggers.

It only appears that way because this happens to be a niche that you are particularly educated on. It's the same for every other subject too. Remember this when you are listening to "journalism" on some subject you aren't that knowledgeable on. If you were more knowledgeable on that subject it would sound just as bad as it does for the thing you are knowledgeable on.

Right, right...

https://en.wikipedia.org/wiki/Gell-Mann_amnesia_effect

[BTCMILLIONAIRE]

On an unrelated side note. It's quite interesting how the subsets of shared opinion holders on this thread seem to go through all possible permutations.

[HairyMaclairy]

If said slave chooses to spend time that he could've used e.g. on devising an escape plan on complaining.

That's a joke right?  

We are talking about young girls who are chained to beds to work as prostitutes.  We are talking about kids on fishing trawlers in the middle of the Pacific Ocean.  We are talking about people who have been in North Korean concentration camps for two generations, whose entire family will be executed if they escape.  

Your opinion is they should not complain about their circumstances, and we as wealthy Westerners should not try to help them? 

[Ibian]

So you are stating that the child soldier in your example would be better off complaining than trying to figure out how to stay alive or find a way out of his current life?

I have been speaking in generalities but yes if that was his only outlet other than getting killed. I refer now you back to my original post, this is why speaking in absolutes is always wrong.

Absolutely. Always.

[Ibian]

But to come full circle, what does that have to do with BITMILLIONAIRE's original statement? I shall repeat it once again, should you have already forgotten.

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

Ok lets consider slavery.  Yes there are slaves right now.  To wit:

Modern slavery is defined as slavery, servitude, forced or compulsory labour and human trafficking1. The 2016 Global Slavery Index estimates that 45.8m people in 167 countries are living in modern
slavery today2. The majority are victims of exploitation in private sector activities, such as manufacturing, construction and agriculture. Forced labour and slavery is big business — the International Labour
Organisation estimates that illicit profits from these crimes amount to US$150b per year. Businesses are facing increasing pressure to tackle the crisis of modern slavery head-on as awareness grows and
consumers demand more responsibility from their preferred brands. Modern slavery also represents a significant reputational risk to businesses as non-governmental organisations and the media ‘name
and shame’ companies who violate human rights.   [...]  In 2016, there were an estimated 11,700 victims of slavery in Britain alone

 Source:  https://www.ey.com/Publication/vwLUAssets/ey-the-uk-modern-slavery-act-2015/$FILE/ey-the-uk-modern-slavery-act-2015.pdf



Can we safely assume that Jbear and BTCMillionaire think that any of the current 45 million slaves in the world that has time to complain about about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them? 

Is this how you guys think?

General reminder to everyone that slavery has been abolished in our part of the world for hundreds of years.

[Ibian]

If said slave chooses to spend time that he could've used e.g. on devising an escape plan on complaining.

That's a joke right?  

We are talking about young girls who are chained to beds to work as prostitutes.  We are talking about kids on fishing trawlers in the middle of the Pacific Ocean.  We are talking about people who have been in North Korean concentration camps for two generations, whose entire family will be executed if they escape.  

Your opinion is they should not complain about their circumstances, and we as wealthy Westerners should not try to help them? 

We should not try to help them. We should keep them out of our country. We have enough problems to deal with. Some of them arguably more severe than theirs.

[HairyMaclairy]

General reminder to everyone that slavery has been abolished in our part of the world for hundreds of years.

Is that why there are 11,000 slaves in the UK in 2016?  

FYI illegal drugs have been abolished too.  Doesn't seem to have worked out.

[HairyMaclairy]

If said slave chooses to spend time that he could've used e.g. on devising an escape plan on complaining.

That's a joke right?  

We are talking about young girls who are chained to beds to work as prostitutes.  We are talking about kids on fishing trawlers in the middle of the Pacific Ocean.  We are talking about people who have been in North Korean concentration camps for two generations, whose entire family will be executed if they escape.  

Your opinion is they should not complain about their circumstances, and we as wealthy Westerners should not try to help them?  

We should not try to help them. We should keep them out of our country. We have enough problems to deal with. Some of them arguably more severe than theirs.

Yup.  Conservative in a nutshell.  I won't lift a finger for anyone that isn't me - fuck them.  Good one.

[Ibian]

General reminder to everyone that slavery has been abolished in our part of the world for hundreds of years.

Is that  why there are 11,000 slaves in the UK in 2016?  

FYI drugs have been abolished too.

The brits have fallen. So has Sweden and France. None of them will recover without some kind of war or mass purge, if at all.

[Ibian]

If said slave chooses to spend time that he could've used e.g. on devising an escape plan on complaining.

That's a joke right?  

We are talking about young girls who are chained to beds to work as prostitutes.  We are talking about kids on fishing trawlers in the middle of the Pacific Ocean.  We are talking about people who have been in North Korean concentration camps for two generations, whose entire family will be executed if they escape.  

Your opinion is they should not complain about their circumstances, and we as wealthy Westerners should not try to help them? 

We should not try to help them. We should keep them out of our country. We have enough problems to deal with. Some of them arguably more severe than theirs.

Yup.  Conservative in a nutshell.  Fuck everyone who isn't me.  Good one.

That's your side who thinks like that. You want what you want because you want it. You have no arguments, just feelings. Feelings ain't gonna get anyone out of slavery.

[jbreher]

I say that both of you (jbreher and BTCMILLIONAIRE) are on the wrong side on this subject. Many times it is just random events, and not the effort.

Which is, of course, why the lazy and the stupid are universally wallowing in riches, and the soup kitchens cater to those that identify opportunities and work ceaselessly to attain the next rung up.

Right.

 

[Biodom]

I say that both of you (jbreher and BTCMILLIONAIRE) are on the wrong side on this subject. Many times it is just random events, and not the effort.

Which is, of course, why the lazy and the stupid are universally wallowing in riches, and the soup kitchens cater to those that identify opportunities and work ceaselessly to attain the next rung up.

Right.

 

I have no idea what whining and the lack of effort both of you keep talking about. It is probably something personal since you are so adamant about it.
Watch "Trading places". A bit of exaggeration, but an interesting idea. Not sure if it was tried IRL, though.
There is an interesting source, though:
https://www.marketwatch.com/story/how-hedge-fund-geniuses-got-beaten-by-monkeys-again-2015-06-25