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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21229029 times)
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Hueristic
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February 07, 2019, 03:34:13 AM

Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.

Why?  Jack is a bitcoin maximalist, and considers other coins to be shit/scams.  He is the owner of twitter, but also Square.  So many of the references that he is making is regarding square, rather than twitter, even though there may be some overlap in the future, too.  

In other words, his bitcoin maximalist stance seems to be following a similar ideology as the vast plurality of active participants of this thread.   No?  What's strange about that?

Supporting Bitcoin is not questionable at all of course.

Twitter's banning of accounts not repeating the left-wing kumbaya propaganda is. Ibian implies that Jack's hand may be tied on that one.
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February 07, 2019, 03:39:19 AM

He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little overbearing in his pain forecasts.

What about if the r0ach hypothesis of the market is accurate, then is it bearish?

That would be bullish in the medium term.

Quote
That a single entity on Bitfinex has controlled the price all the way from $200 to $20,000 and I'm leaning towards the identity of that entity being Bitmain.  If the identity of this entity was Bitmain and Bitmain implodes, bankrupts, or has no money to pump it anymore, then how is bitcoin going to be artificially manipulated to a bazillion dollars each with no Bitmain to rig it there?

Bitfinex has some influence on the market insofar as their Tether printing goes. They can manage that without Bitmain or anyone else, except maybe some crooked accountants.
You're always on about bitfinex controlling the market. They rank #44 in 24 hour volume on coinmarketcap. What am I missing?
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February 07, 2019, 03:40:25 AM
Last edit: February 07, 2019, 03:55:11 AM by realr0ach

He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little overbearing in his pain forecasts.

What about if the r0ach hypothesis of the market is accurate, then is it bearish?  That a single entity on Bitfinex has controlled the price all the way from $200 to $20,000 and I'm leaning towards the identity of that entity being Bitmain.  If the identity of this entity was Bitmain and Bitmain implodes, bankrupts, or has no money to pump it anymore, then how is bitcoin going to be artificially manipulated to a bazillion dollars each with no Bitmain to rig it there?

Stop trying to claim credit for a theory that is shared by a lot of other reddit nutjobs.  The bitfinex manipulation theory.  Can read a thousand versions of such theory on reddit with such minor variations that they all boil down to nearly the same thing, which, in essence, is pie in the sky making up shit.   Roll Eyes Roll Eyes Roll Eyes  

JayJuanGee, are you retarded?  I am the originator of this theory.  People like that guy named "Bitfinexed" came WAY after me.  It's even posted on a damn blockchain.  Do you see the date?  It says "3 years ago".  That's how you can tell I was correct, because so many people came after me all with similar conclusions:

https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

And a followup post to that one where you can see the insanely scammy bid and sell sides on Bitfinex after it came back up from the supposed "hack".  You can EASILY tell the price there is controlled by a single entity in the screenshot on this post and that entity likely has connections to the people running the exchange because nobody else would store money there after their fake hack:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-3-bitfinex-scamming-intensifies-and-more-on-the-silver-and-gold-markets
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February 07, 2019, 03:42:32 AM

4 main metrics to look at imo: Ethnicity (white of whatever variety), language (something civilized (english)), culture (NO WELFARE), and taxation on bitcoin.

Looking into it myself, but at the end of the day the only way to know for sure if a given country works is to go there and live for a while.

As a US citizen, my only real options to reduce Bitcoin tax burden would be to ditch my citizenship or move to Puerto Rico. However, as jbreher mentioned, now would be the time to move to PR, while we're in the depths of a bear market.

I'd like to move out of the US, at least temporarily, just for the experience. But I have a baby now, which complicated things further.
Bring your anchor baby with you. That's what the anchor fucking means.

Huh
What? Babies go where the parents go.

Yes. But at least 'round these parts, the term anchor baby refers to a kid born to an illegal alien upon US soil. Such an event entitles the baby to automatic US Citizenship status. This provides a tie for the rest of the family to argue for US legal resident status. Thereby, 'anchor'.

Such a term is clearly inapplicable to infofront's current situation with an already-born child. Nevermind the fact that it seems likely infofront is already US-ian.

This.


I doubt that Ibian is unaware of the USA political usage of the term "anchor baby," and likely, he purposefully used the term in different way, perhaps in order to cause some definitional distress from various readers, as a kind of joke.  And, maybe the joke has become a bit more funny because of jbreher's perception of a necessity to explain the current USA political usage of the term "anchor baby?"

Jokes are not so good when explained, but as you may recall, infofront had already said that he could not travel as easily, in part, because of baby, which could imply that said baby is anchoring down infofront's mobility. 

Literal rather than political definition of an "anchor baby." 

I better not attempt to explain more because the joke is going to become even less funny, perhaps?    Cry Cry Cry

It might've been a joke that was lost on me (and jbreher it seems). I know Ibian is European, so I figured he was just misunderstanding the term.
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February 07, 2019, 03:52:11 AM
Merited by Globb0 (1)

Top merit horses of all time



Edit:  I missed xhomerx also on that list !


Need to subtract the airdrops to see the true picture of merit leaders

IMHO

Not really, I and i'm sure others give less to peops that are already Legendary.

Edit: shit its already subtracted, can't keep up with this thread.
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February 07, 2019, 03:58:55 AM

He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little overbearing in his pain forecasts.

What about if the r0ach hypothesis of the market is accurate, then is it bearish?  That a single entity on Bitfinex has controlled the price all the way from $200 to $20,000 and I'm leaning towards the identity of that entity being Bitmain.  If the identity of this entity was Bitmain and Bitmain implodes, bankrupts, or has no money to pump it anymore, then how is bitcoin going to be artificially manipulated to a bazillion dollars each with no Bitmain to rig it there?

Stop trying to claim credit for a theory that is shared by a lot of other reddit nutjobs.  The bitfinex manipulation theory.  Can read a thousand versions of such theory on reddit with such minor variations that they all boil down to nearly the same thing, which, in essence, is pie in the sky making up shit.   Roll Eyes Roll Eyes Roll Eyes  

JayJuanGee, are you retarded?  I am the originator of this theory.  People like that guy named "Bitfinexed" came WAY after me.  It's even posted on a damn blockchain.  Do you see the date?  It says "3 years ago".  That's how you can tell I was correct, because so many people came after me all with similar conclusions:

https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

And a followup post to that one where you can see the insanely scammy bid and sell sides on Bitfinex after it came back up from the supposed "hack".  You can EASILY tell the price there is controlled by a single entity in the screenshot on this post and that entity likely has connections to the people running the exchange because nobody else would store money there after their fake hack:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-3-bitfinex-scamming-intensifies-and-more-on-the-silver-and-gold-markets

Perhaps you were the leader of the loonies?   the seminal loon, so to speak?   I doubt it, but perhaps?  If so, congratulations would be in order for you, insightful sir.   Wink

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February 07, 2019, 04:05:02 AM

4 main metrics to look at imo: Ethnicity (white of whatever variety), language (something civilized (english)), culture (NO WELFARE), and taxation on bitcoin.

Looking into it myself, but at the end of the day the only way to know for sure if a given country works is to go there and live for a while.

As a US citizen, my only real options to reduce Bitcoin tax burden would be to ditch my citizenship or move to Puerto Rico. However, as jbreher mentioned, now would be the time to move to PR, while we're in the depths of a bear market.

I'd like to move out of the US, at least temporarily, just for the experience. But I have a baby now, which complicated things further.
Bring your anchor baby with you. That's what the anchor fucking means.

Huh
What? Babies go where the parents go.

Yes. But at least 'round these parts, the term anchor baby refers to a kid born to an illegal alien upon US soil. Such an event entitles the baby to automatic US Citizenship status. This provides a tie for the rest of the family to argue for US legal resident status. Thereby, 'anchor'.

Such a term is clearly inapplicable to infofront's current situation with an already-born child. Nevermind the fact that it seems likely infofront is already US-ian.

This.


I doubt that Ibian is unaware of the USA political usage of the term "anchor baby," and likely, he purposefully used the term in different way, perhaps in order to cause some definitional distress from various readers, as a kind of joke.  And, maybe the joke has become a bit more funny because of jbreher's perception of a necessity to explain the current USA political usage of the term "anchor baby?"

Jokes are not so good when explained, but as you may recall, infofront had already said that he could not travel as easily, in part, because of baby, which could imply that said baby is anchoring down infofront's mobility. 

Literal rather than political definition of an "anchor baby." 

I better not attempt to explain more because the joke is going to become even less funny, perhaps?    Cry Cry Cry

It might've been a joke that was lost on me (and jbreher it seems). I know Ibian is European, so I figured he was just misunderstanding the term.

Ibian seems to be pretty up-to-date on various USA politics, especially the right winged stuff.  He should be able to easily clarify what he meant.  It is not out of the question that I could have read his post wrong?
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February 07, 2019, 04:07:01 AM

Good evening all.


Bitcoin continues to trade in a narrow channel and volume remains low. Carry on.

D


#stronghands'19


In other news we celebrate the one year anniversary of the launch of the Falcon Heavy and Starman. The roadster is cruising along just outside the orbit of Mars and can be tracked here.

https://www.whereisroadster.com/



----------

Our resident Artificer has offered an approved upgrade and I graciously have accepted. amazeballz

thank ya homer


 

Avatar-sized

 

Take care
 xhomerx10

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February 07, 2019, 04:37:42 AM


Anyone else notice Toxic2040's charts are employing so much bogus witchcraft the screen isn't readable at all?  Then after going through all this effort, he doesn't even attempt to make an inference as to what the market is doing? It's like his only goal is to create the world's most ugly chart for no reason.
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February 07, 2019, 04:57:31 AM
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I think I have "capitulated".

No, I haven't sold. Any. There's no point for me to do that... not at this price, not at any price. But I am slowly losing hope I will see Bitcoin recovering its previous heights. It's more like I have accepted to ride this thing to hell.

Normally I would consider that feeling to be a great contrarian indicator... so bullish. But when I say I am losing hope I really mean it this time. (I) Never before felt like this.

I am struggling to post this or not. But it wouldn't be honest not to share my feeling just to avoid the (probably justified) critic/flame.

I wish to be wrong though. Would even wish for a pump right after I press the "Post" button.

I have never sold a single Bitcoin (trading doesn't count) but now I am starting to understand why some people finally "break".

Still struggling to post..... but will do it, just don't be too hard on me and my current negative view... maybe it is really even a good thing if there's more people feeling the same... or maybe not. Whateva.


* THIS IS NOT FINANCIAL ADVISE, IT'S JUST ME SHARING SOME THOUGHT/FEELING.... MOST PROBABLY COMPLETELY WRONG... HOPE SO.
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February 07, 2019, 05:08:30 AM



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I think I have "capitulated".

No.

....MOST PROBABLY COMPLETELY WRONG..  HOPE  SO.


Stronghands'19
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February 07, 2019, 05:29:30 AM
Last edit: February 07, 2019, 05:42:15 AM by JayJuanGee


Anyone else notice Toxic2040's charts are employing so much bogus witchcraft the screen isn't readable at all?  Then after going through all this effort, he doesn't even attempt to make an inference as to what the market is doing? It's like his only goal is to create the world's most ugly chart for no reason.

These markets getting you down, too, Roach?

ToxicChart renditions are supposed to be a rorschach test, I believe.
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February 07, 2019, 05:38:08 AM

I think I have "capitulated".

No, I haven't sold. Any. There's no point for me to do that... not at this price, not at any price. But I am slowly losing hope I will see Bitcoin recovering its previous heights. It's more like I have accepted to ride this thing to hell.

Normally I would consider that feeling to be a great contrarian indicator... so bullish. But when I say I am losing hope I really mean it this time. (I) Never before felt like this.

I am struggling to post this or not. But it wouldn't be honest not to share my feeling just to avoid the (probably justified) critic/flame. 

I wish to be wrong though. Would even wish for a pump right after I press the "Post" button.

I have never sold a single Bitcoin (trading doesn't count) but now I am starting to understand why some people finally "break".


Perhaps you should be taking MajorMax's advice.  Go away for 6 months, 1 year or perhaps a little longer depending on how much time you need).  Especially, if you are merely HODLing and just getting depressed by watching the flatness that perhaps has decently high odds to lead towards more DOWN.

Still struggling to post..... but will do it, just don't be too hard on me and my current negative view... maybe it is really even a good thing if there's more people feeling the same... or maybe not. Whateva.

You cannot expect anyone to be nice to you on the interwebs, and could even be the opposite, and maybe that is why going away for a few months or longer could be good.

* THIS IS NOT FINANCIAL ADVISE, IT'S JUST ME SHARING SOME THOUGHT/FEELING.... MOST PROBABLY COMPLETELY WRONG... HOPE SO.

Who knows?  We are in a bearmarket, and that just means that the odds for down are greater than the odds for up, so still hoping for UP is against the odds.. setting yourself up for disappointment, if you are continuing to put actual feelings into hope for UP.. at least currently..
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February 07, 2019, 05:42:49 AM
Last edit: February 07, 2019, 05:57:40 AM by bones261
Merited by Last of the V8s (1)


Anyone else notice Toxic2040's charts are employing so much bogus witchcraft the screen isn't readable at all?  Then after going through all this effort, he doesn't even attempt to make an inference as to what the market is doing? It's like his only goal is to create the world's most ugly chart for no reason.

supposed to be a rorschach test, I believe.




"#Stronghands '19"

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February 07, 2019, 06:26:39 AM
Last edit: February 07, 2019, 06:37:58 AM by CoinCube
Merited by vapourminer (1), JayJuanGee (1)

I think I have "capitulated".

No, I haven't sold. Any. There's no point for me to do that... not at this price, not at any price. But I am slowly losing hope I will see Bitcoin recovering its previous heights. It's more like I have accepted to ride this thing to hell.

Normally I would consider that feeling to be a great contrarian indicator... so bullish. But when I say I am losing hope I really mean it this time. (I) Never before felt like this.

I am struggling to post this or not. But it wouldn't be honest not to share my feeling just to avoid the (probably justified) critic/flame.

I wish to be wrong though. Would even wish for a pump right after I press the "Post" button.

I have never sold a single Bitcoin (trading doesn't count) but now I am starting to understand why some people finally "break".

Still struggling to post..... but will do it, just don't be too hard on me and my current negative view... maybe it is really even a good thing if there's more people feeling the same... or maybe not. Whateva.


* THIS IS NOT FINANCIAL ADVISE, IT'S JUST ME SHARING SOME THOUGHT/FEELING.... MOST PROBABLY COMPLETELY WRONG... HOPE SO.


I don't expect an immenent pump. I suspect Bitcoin is probably going down more. It will be a fantastic buying opportunity.

Nothing has changed in the fundamentals. Bitcoin remains a revolutionary technology that allows ownership of wealth and transfer of value without intermediaries. There is no comparison or real alternative out there for those looking for what it offers. The nations of the world continue to debase their currencies at an unprecedented rate. Socialism is rising everywhere and with it increasing wealth confiscation. That will sooner or later turn ever larger numbers of people to Bitcoin It's just a matter of time.

Bitcoin simply climbed too high too fast on the wild dreams of those who wanted to get rich quick without working and almost all of the forks and altcoins were worthless from the moment of inception and the market is slowly figuring that out. All that is lost for the moment is the get rich quick vibe. The value investor is and will step in at this and lower prices. Bitcoin's long term potential remains quite compelling.
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February 07, 2019, 06:46:02 AM

Nothing has changed in the fundamentals. Bitcoin remains a revolutionary technology

Corncube, stop trolling.  Nobody that actually has money wants to convert that money into centralized, valueless, imaginary tokens.  Anyone that already has money is going to buy real commodities like physical gold and silver instead.  The only people who have any interest in shitcoins are broke people who make believe bitcoin is some type of lottery ticket where you buy one and it's somehow going to make you rich.  

The problem you face is the bitcoin market cap is already enormous - higher than above ground physical silver - so the whole bullshit "buy this thing because it's a penny stock with big upside!" narrative implodes.  Transaction validators are designed to centralize in every shitcoin so they have zero fundamentals.  There's no Schelling point.  And it's a fake commodity, unlike physical metals, so even if you hoard all 21 million shitcoins, the rest of the planet can completely ignore you and you have zero power at all.

The only type of market where artificial scarcity has any power is when the govt prints up their bogus fiats and forces you to use them at gunpoint.  Without coercion, anything based on artificial scarcity (FAKE commodities) implode because everyone subconsciously knows make believe items have no value and the invisible hand of the market funnels everyone back to real ones - physical metals.
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February 07, 2019, 06:50:45 AM


Anyone else notice Toxic2040's charts are employing so much bogus witchcraft the screen isn't readable at all?  Then after going through all this effort, he doesn't even attempt to make an inference as to what the market is doing? It's like his only goal is to create the world's most ugly chart for no reason.

supposed to be a rorschach test, I believe.




"#Stronghands '19"



 Roll Eyes
+1 WOsMerit

I will spell it out a little clearer, the bears have their work cut out for them. These areas will most likely become intimately familiar with all of us over the next several months. I think its possible we could meander between the 0.618 and -0.618 fib range for quiet awhile. Deal with it.
4h

#stronghands'19


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February 07, 2019, 06:59:22 AM

Good day WO's!
 Gentlemen, how is your mood?
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February 07, 2019, 07:15:36 AM

4 main metrics to look at imo: Ethnicity (white of whatever variety), language (something civilized (english)), culture (NO WELFARE), and taxation on bitcoin.

Looking into it myself, but at the end of the day the only way to know for sure if a given country works is to go there and live for a while.

As a US citizen, my only real options to reduce Bitcoin tax burden would be to ditch my citizenship or move to Puerto Rico. However, as jbreher mentioned, now would be the time to move to PR, while we're in the depths of a bear market.

I'd like to move out of the US, at least temporarily, just for the experience. But I have a baby now, which complicated things further.
Bring your anchor baby with you. That's what the anchor fucking means.

Huh
What? Babies go where the parents go.

Yes. But at least 'round these parts, the term anchor baby refers to a kid born to an illegal alien upon US soil. Such an event entitles the baby to automatic US Citizenship status. This provides a tie for the rest of the family to argue for US legal resident status. Thereby, 'anchor'.

Such a term is clearly inapplicable to infofront's current situation with an already-born child. Nevermind the fact that it seems likely infofront is already US-ian.

Of course, my understanding of the term 'anchor baby' may be predicated on regional dialect. Yours may differ?
That's the political use, yes. But what it actually means is that parent and child are chained together. Our dear illegal migrants could choose to place their babies in some other country, where they then would be too. It's a choice, is my point.
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February 07, 2019, 07:16:06 AM

Oh yea, and another issue with Corncube I have.  Yes, John Nash believes "ideal money" is an imaginary token of no value, but John Nash also forgot to mention to you that he's mentally insane.  His brain is not capable of analyzing actual human wants, ideals, and behavior, or things like Maslow's Pyramid, so his only way to comment on any subject at all is to attempt to distill every variable down into a clean room math problem.  In other words, "ideal money" is not an imaginary token of no value, it's just what his brain WANTS the variable to be so he can turn it into a math problem.

In the real world, humans value things based on their actual usefulness, so something that's completely imaginary of no value makes zero sense in that regard of standing any type of test of time.  Any imaginary token based on artificial scarcity is guaranteed to start at zero and return there in other words.  How is that "sound money"?  That's the most unsound type of money possible.  

Really, since money is a way of transferring some sort of real value (not fake scarcity or imaginary value) from past to the future, it's main two traits needs to be non-perishable along with some sort of valuable use case for humans. I'd classify silver and copper as better forms of money than gold in this case, but gold still has it's uses.  To sum it all up, the arguments of Aristotle on money are correct and both Plato and John Nash are wrong.
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