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

[HairyMaclairy]

Debt bondage
Debt bondage is a status or condition, where one person has pledged their labour or service (or that of someone under their control), in circumstances where the fair value of that labour or service is not reasonably applied to reducing the debt or length of debt, or the length and nature of the service is not limited or defined.

If you are not working for the owner of the debt, it’s not debt bondage.   Your bank does not determine your wage.

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[Ibian]

Debt bondage
Debt bondage is a status or condition, where one person has pledged their labour or service (or that of someone under their control), in circumstances where the fair value of that labour or service is not reasonably applied to reducing the debt or length of debt, or the length and nature of the service is not limited or defined.

If you are not working for the owner of the debt, it’s not debt bondage.  

Too many subjective terms there. What is fair value? What is a reasonable application? You could easily argue that the amount of interest the typical bank takes is unreasonable, for example.

That's the problem with leftist causes. There is just enough ambiguity that they can get away with whatever definition they want. And that makes their claims worthless.

I'm done with that particular issue now, it leads nowhere. The bigger issue is that we have bigger problems than shithole country slavery. At most it's a symptom of a larger problem.

[Saint-loup]

Shocking if true... mostly its inside job, I always fear of such incidents I knew one low level exchange saving their data on google drive.

Hacked Customer Data From World Leading Cryptocurrency Exchanges like Bittrex, Poloniex, Bitfinex, and Binance is sale On The Dark Web?

On a darknet market called “Dread,” a vendor going by “ExploitDOT” is attempting to sell user data from the know-your-customer (KYC) data top cryptocurrency exchanges ask for, required by most jurisdictions.

the hacker has an ad that has been online since July 2018, in which he claims to have hacked documents used in KYC checks – including identity cards and drivers’ licenses – from users of top exchanges.



As proof, the cybersecurity expert got pictures of individuals holding up a piece of paper with the word “Binance” and the date the picture was taken at. In these pictures, their faces are visible, as well as their identity cards or drivers’ licenses.

https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

Update:

There is an official response from Binance CEO

Binance KYC data breach is fake news
https://decryptmedia.com/4609/binance-kyc-data-breach

[Globb0]

https://abacusjournal.com/jp-morgan-chatter-bakkt-infrastructure-jp-morgan-eyes-bakkt-and-ice-infrastructure-%e2%80%8bas-easy-on-ramp%e2%80%8b-for-crypto-exposure/


JP Morgan will buy bitcoins on BAKKT when they open.

Because of the easy on ramp, but don't they own Poloniex now, or circle group or something? is it easier than their own stuff?

[mindrust]

*snip*

I don't remember when I specifically said "an expensive boat". I said a yacht. Maybe that's why you are confused since yachts are usually expensive boats. I should have said "a boat" my bad.

A sailboat has the same meaning as a yacht for me. So I was actually describing a sailboat.

for example:



I think that's a reasonable goal.

Wow I use this exact example when Im talking to people about communication, requirements and having a clear vision.

2 people can be saying boat, neither is wrong, and yet they can be so far away from each other. Its the perfect example.

Yeah I saw how he is failing to understand me so i searched "yacht" on google.

These are the results:



That's when I realized the word "yacht" doesn't mean what I thought it does.

These "yachts" not reasonable goals for average Joe's. Don't aim for impossible shit.

[Globb0]

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.

a bit like machine learning

[yugo23]

If the bank flys you to a foreign country, takes away your passport, locks you in a compound and makes you carry out sex acts for pennies a day until you pay off the loan, yes.  Otherwise probably not.

Just answer the bloody question. It's amazing that lefties always do the same thing. Lots of words that say very little, and in as confusing and distracting a way as possible. Yes or no?

If X yes otherwise no.

How is that not a correct answer?

Don't bring left ideologies in that debate. Bank is shit that's all what left has to say about that.

[Globb0]

If debt bondage is slavery then a bank loan is slavery. You are being deliberately absurd. Your entire argument is based on false premises. And as usual, you know it.

One random quote from the US State Department:

Thai victims are recruited for employment opportunities abroad and deceived into incurring large debts on broker and recruitment fees, sometimes using family-owned land as collateral, making them vulnerable to exploitation at their destination. Thai nationals are known to be subjected to forced labor or sex trafficking in Australia, Bahrain, Brunei, Canada, China, Germany, India, Indonesia, Israel, Japan, Kuwait, Libya, Malaysia, the Maldives, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sri Lanka, Taiwan, Timor-Leste, the United Arab Emirates, the United Kingdom, the United States, Vietnam, and Yemen.

https://www.state.gov/documents/organization/210742.pdf

They lose their passports to the baddies

[Phil_S]

sometimes, after reading WO thread

[Globb0]

*snip*

I don't remember when I specifically said "an expensive boat". I said a yacht. Maybe that's why you are confused since yachts are usually expensive boats. I should have said "a boat" my bad.

A sailboat has the same meaning as a yacht for me. So I was actually describing a sailboat.

for example:



I think that's a reasonable goal.

Wow I use this exact example when Im talking to people about communication, requirements and having a clear vision.

2 people can be saying boat, neither is wrong, and yet they can be so far away from each other. Its the perfect example.

Yeah I saw how he is failing to understand me so i searched "yacht" on google.

These are the results:



That's when I realized the word "yacht" doesn't mean what I thought it does.

These "yachts" not reasonable goals for average Joe's. Don't aim for impossible shit.

Yeah but human basic training covers this,



hehe

blame Abromovitch or whoever. Big, bigger Biggest!

[nutildah]

If debt bondage is slavery then a bank loan is slavery. You are being deliberately absurd. Your entire argument is based on false premises. And as usual, you know it.

One random quote from the US State Department:

Thai victims are recruited for employment opportunities abroad and deceived into incurring large debts on broker and recruitment fees, sometimes using family-owned land as collateral, making them vulnerable to exploitation at their destination. Thai nationals are known to be subjected to forced labor or sex trafficking in Australia, Bahrain, Brunei, Canada, China, Germany, India, Indonesia, Israel, Japan, Kuwait, Libya, Malaysia, the Maldives, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sri Lanka, Taiwan, Timor-Leste, the United Arab Emirates, the United Kingdom, the United States, Vietnam, and Yemen.

https://www.state.gov/documents/organization/210742.pdf

Hairy is right. Slavery exists in America. It's not a matter of opinion. People come over from 3rd world countries all the time, have their passports taken away and are forced into some kind of job... Not just sex slavery, though that is a popular one. Recently the U.S. halted issuing visas to Filipino overseas workers with the second biggest reason being "human trafficking concerns."

https://news.abs-cbn.com/overseas/01/22/19/us-removes-philippines-from-h-2ah-2b-eligibility-list

Back in my health insurance fraud analyst days there was an English/Chilean cult-of-personality psychiatrist who recruited people to come on a "spiritual retreat" with him in Florida, then when they got there he confiscated their passports and forced them to be his servants. It happens all the fucking time.

https://www.lavoz.com.ar/noticias/sucesos/detienen-buenos-aires-famoso-psiquiatra-millonario-fraude-eeuu

[shahzadafzal]

https://imgur.com/ojCZNTl

Bitcoin dominates the crypto world... and will always be!

[Elwar]

The price...

FML

May is too far away. I need to buy a few things now.

I guess I convert from my US dollars to bitcoins to baht instead of just selling at these prices.

I am sorry to hear that Elwar.

I had rather assumed that you, chasing your dreams with such abandon, were well and truly set up from the previous runups.

Perhaps you are more courageous than I realized.

I don't understand any clear explanation regarding how someone like Elwar could be doing very badly, unless there is some part of the story that is left out.

Seems to me that he made a really BIG gamble when BTC prices were in the $500s and even overleveraged into BTC, but why wouldn't that overleveraging have paid off, even if he has to shave off some BTC from time to time in order to cover expenses and even if he is only getting  6x or 7x returns rather than 30x?

Any of us who chose to place a very large amount of our total reserves into bitcoin is going to have to cash out from time to time because the world remains run on fiat and priced in fiat, at least expected for a considerable time into the future.

Personally, I believe that it remains much more prudent to have some of your cashflow figured out in fiat for 6-12 months in advance - and if bear trends continue for longer, then the next plan is going to involve dipping into bitcoin, especially if you have caused such a situation in your own way of keeping a large amount of your total value in BTC.

So far in BTC's history, such a plan to keep a large amount of value in BTC will have worked for a large number of folks, if they front load, and if their cashing out plan has at least a few years.   Actually, if there was front loading in late 2013 in the supra $1k price territory, it would have taken 4 years to get into the break even territory, but then to really prosper after that, as long as there was an ability to hang on for a bit longer.

Who knows if such plans to frontload and to have 3-4 year plus timelines will continue to pay off in bitcoin in the coming years?  Does seem that odds remain decently well in such plans and practices continuing to be quite profitable, even though risky, but there likely could be a need to have several years in the personal plan's timeline in order to be able to really insure that the reaping of benefits is going to be profitable without being forced to withdraw too much of the value during low price periods.

I need to buy a boat soon...I don't want to sell at the bottom.

I have cash set aside that I can live on through 2020...but not "I can buy a sail boat" cash...puts me closer to living through 2019.

Then again...on the seastead I will only need to pay for food that I don't catch. And about $12 for Internet each month.
No property taxes, electric, water...
Occassional propane and gasoline re-fill. So maybe I am putting myself to 2025 funds...

[Phil_S]

You guys know what Max Keiser is talking about here?

https://twitter.com/maxkeiser/status/1087773964196208640

Makes sense or not?

[Cassius]

You guys know what Max Keiser is talking about here?

https://twitter.com/maxkeiser/status/1087773964196208640

Makes sense or not?

Sure, looks like a very simple 'DIY ATM' that anyone can use. Hand over cash, merchant (or whoever) prints you out a slip with a code you can redeem into your wallet. Not sure what's going on behind the scenes but I assume it's a little more sophisticated than printing out a plaintext privkey.

[HairyMaclairy]

^Looks interesting. Says something about being redeemable in a Samurai wallet.  

So an escrow service with a 4% fee.  

[HairyMaclairy]

Elwar

Why don’t you lease a boat for 18 months?  

https://www.boatbureau.com/boat-rentals-thailand/

Maybe you can do some sort of long term deal because those are silly short term prices.

Buy when the market bounces back.  

[asche]

Ddin't expect XRP to pass ETH that soon again.
More volatility to come?

[LFC_Bitcoin]

sometimes, after reading WO thread

The WO thread is my version of a morning newspaper. I read it in bed before I can bring myself to get up for another boring AF day

[Elwar]

Elwar

Why don’t you lease a boat for 18 months?  

https://www.boatbureau.com/boat-rentals-thailand/

Maybe you can do some sort of long term deal because those are silly short term prices.

Buy when the market bounces back.  

Any time I've checked out boat rentals you can usually buy the boat for about 4 to 6 months of rental.

I'm planning on buying a cheap $10k small boat now then buy something better later. It just needs to float and get me 12 nautical miles. We're also in high season here so all the boat prices are more expensive.