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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25495855 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. (158 posts by 14 users with 9 merit deleted.)
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April 12, 2019, 09:02:46 AM

[edited out]

Somewhere Roach is reading this and pissed, but too ashamed to come fight us Cheesy

I doubt we are getting rid of Roach so easily.  He will be back spouting out his pm pumping nonsense.. and racial baloney.

  He has no shame, even when he is 100% wrong.

r0ach & gembitz will be back if we drop to mid 4k’s
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April 12, 2019, 09:07:32 AM

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.


Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

Ok.  That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations.

Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future.

Hahahaha.. you have me until the life extension tech.  W have a short time here on this planet, and maybe we can squeeze a few more years, here and there by eating healthy and engaging in healthy habits, but in the end, the grim reapers going to get us all.   Whether we only live into our 40s or if we have a more enduring life into our 100s.. I can  hardly imagine banging hookers, doing blow and donuting in lambos into my 100s, so I plan to engage in those activities prior to my meat wagon causing me too many limitations in those regards.


Hookers and lambos doesnt have to wait. We will see massive Bitcoin profits in the next few years. Im talking about a future where most employees are paid in Bitcoin and it dominates global finance and payments. This will take a lot longer, but I think most will live to see it if they go easy on the drugs and booze so just dont go too nutz at the 100k party.



"According to a longevity study conducted by John Wilmoth (5), a UC Berkeley associate, the "oldest age at death for humans has been rising for more than a century and shows no signs of leveling off." Wilmoth and fellow colleges from the United States and Sweden researched the national death records in Sweden and found an increase in the average maximum lifespan each year since 1861. This finding calls into question the 120 lifespan limit.

"We have shown that the maximum life span is changing. It is not a biological constant. Whether or not this can go on indefinitely is difficult to say. There is no hint yet that the upward trend is slowing down," writes Wilmoth.

Wilmoth's statements about maximum lifespan run counter to a commonly held belief that there is a natural limit. "Those numbers are out of thin air," said Wilmoth. "There is no scientific basis on which to estimate a fixed upper limit. Whether 115 or 120 years, it is a legend created by scientists who are quoting each other." says Wilmoth.

Will the Trend Continue?

"Aging is a biochemical process and humans will learn how to intervene in it and slow it down" Nick Bostrom, founder of the World Transhumanist Association predicts in his article Case Against Aging(1). Optimistically, Bostrom see the elimination of aging as "theoretically possible." While it may not be within reach now, it will be soon.

Current trends seem to prove Bostrom correct. Evidence for an ever increasing human lifespan -- as a result of advances in medicine and improvements in quality of life -- is quite impressive. Not only is there mounting statistical evidence for a continued upward trend, there's evidence this trend is actually accelerating."

https://www.fightaging.org/archives/2003/01/this-wonderful-lengthening-of-lifespan/

Sea Turtles living to be 400 years old is a slap in the face to humanity. We will catch up with our elitist turtle friends before too long.  Cheesy
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April 12, 2019, 09:25:34 AM

Of course there is a limit to how long any organism can live. By necessity. In order for the young to live the old have to die.

Would be great to live a thousand years just to see how things play out. But if everyone did it there would be no option but to murder one another in a variety of new and creative ways. And maybe that's why there have been so many socialist states with mass murders recently.
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April 12, 2019, 09:37:56 AM

[edited out]

Somewhere Roach is reading this and pissed, but too ashamed to come fight us Cheesy

I doubt we are getting rid of Roach so easily.  He will be back spouting out his pm pumping nonsense.. and racial baloney.

  He has no shame, even when he is 100% wrong.

r0ach & gembitz will be back if we drop to mid 4k’s

If.... and on the other hand, they won't be missed, they will only be left aside and will be missing out the precious BTC and its uptrend.
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April 12, 2019, 09:54:24 AM

Of course there is a limit to how long any organism can live. By necessity. In order for the young to live the old have to die.

Would be great to live a thousand years just to see how things play out. But if everyone did it there would be no option but to murder one another in a variety of new and creative ways. And maybe that's why there have been so many socialist states with mass murders recently.
With increase in intelligence there's an increase in how much food and space can be created or utilized. Death will be a matter of choice one day.
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April 12, 2019, 10:01:12 AM

117 into the new BTCaby BTCull Market and all is well.  Cheesy

Halvening cycle over 72 percent complete.



haha nice to talk about the halving cycle in %'s

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April 12, 2019, 10:05:22 AM

The point about a $15 wage demand at McDonalds, leading to workers being replaced with $35k kiosks, was an example of capitalism and the free market responding to stimulus.

Where I live they get less than $15 per day in most service jobs, plus tips!

probably the cost of living there is way cheaper as were the McDonald job pays around that 15$ Roll Eyes
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April 12, 2019, 10:12:08 AM

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.



I'm starting to like the guy. Even if one could make an argument that he's trying to get attention.

Did CSW pull some new stunt recently though or what's the deal here?
CFSW sued a crypto-enthusiast under the name Hodlonaut.  He accuses him of libel and spreading false information.
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April 12, 2019, 10:19:44 AM
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Adam Back Still Thinks Bitcoin Sidechains Will Win Out Over Altcoins

Quote
At the Understanding Bitcoin conference in Malta over the weekend, Adam Back, who is the CEO of Blockstream (the company that first popularized the sidechains concept), was asked whether sidechains are still a credible alternative to altcoins. In his response, Back covered the problems P2P sidechains have faced up to this point, where they stand today, and how they may become more secure in the future.

https://cryptodaily.co.uk/2019/04/blockstream-adam-back-sidechains-altcoins


Good Morning WO,s  Wink
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April 12, 2019, 10:24:53 AM
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Yet another Endowment fund invest in cryptocurrencies.


Harvard is Latest Major Institutional Investor in Cryptocurrency

https://insidebitcoins.com/news/harvard-is-latest-major-institutional-investor-in-cryptocurrency/220868


Executive Summary:
The investment was in a company called Blockcstack which sold 95.8 million Blockstack Tokens to Harvard Management along with two other investors. While Harvard’s share of the tokens is less than five million it does represent a significant institutional invest directly in blockchain tokens that are not traded openly in the way Ethereum, Bitcoin and XRP are.

Well, i have two considerations.

  • 1. How comes a reputed institution, where the sharpest mind are nurtured, decides to invest in something that is borderline with Scam?
     
  • 2. How comes an Endowment fund are so rich? Tuition fees are reinvested in the school or are meant to grow this mass of money that need to be put at work outside "the campus" . I am not from the U.S. s, so this puzzles me about the US educational system. If an endowment fund has 1% of all the bitcoin ever mined (quick back of the envelope calculations convert that in 1 Billion USD), whw students are gathering piles of debt to pay that?






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April 12, 2019, 10:37:52 AM

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.



I'm starting to like the guy. Even if one could make an argument that he's trying to get attention.

Did CSW pull some new stunt recently though or what's the deal here?
CFSW sued a crypto-enthusiast under the name Hodlonaut.  He accuses him of libel and spreading false information.

Crypto sellers are just getting sued these days all over

https://www.leaprate.com/cryptocurrency/bank-ceos-grilled-by-house-on-crypto-while-senate-hears-opposing-views/
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what is this "brake pedal" you speak of?


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April 12, 2019, 10:55:25 AM
Last edit: April 12, 2019, 11:30:40 AM by vapourminer
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Madame Alexa knows how many Bitcoin you have



i will never own an alexa/google/amazon voice activated device, unless there is an actual physical switch to cut the mics out of circuit.

i didnt really understand fully the ramification till the other day when i was going over with my wife  how to recover my btc stack in case of my death. i was going to tell her the passphrase to my trezor (it would be written down also, this was just for discussion). but when i was going to tell the the passphrase i stopped. because while i dont own an alexa/google/amazon device, i do have a smartphone and smart watch, which have mics of course.

so here i am in my own house, wondering if anything i say might go out to servers that humans can access (humans review random snips of voice data).

wtf, my own home, which i have spent considerable time and money hardening both physical and electronic networks, is useless if the closed source algo that trigger sending data for no fully understood reason by the end user.

btw many modern tvs have mics and web cams built in now. and IoT stuff like security cameras, some of which have mics so you can use then for intercoms, are notoriously bad at security and most will never get updates.

so much the attach surfaces are pretty big.

now i dont assume my phone and watch and compromised, but with the amount of money i have in btc it would be foolish to at least consider these scenarios,

like any smartphone or laptop with a built in mic is powered off and put in another room when setting up wallet seed words. paranoia? sure but it is based on failings of the current tech used.
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April 12, 2019, 11:05:21 AM

Fill dem bags boyz. These bargains wont last long.
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April 12, 2019, 11:10:59 AM

will $5000 hold?



Damn those bars are so overpriced in BTC-terms of price  Shocked

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April 12, 2019, 11:16:21 AM

117 into the new BTCaby BTCull Market and all is well.  Cheesy

Halvening cycle over 72 percent complete.



haha nice to talk about the halving cycle in %'s



75% is coming soon and will be a huge day of celebration. Estimated to be May 24, 2019 and it will mark the beginning of the 1 year countdown till reward drop.  Grin

So many days and milestones to celebrate in the next few years leading to the BTCiggest celebration of all time. The 100k Party.  Cheesy
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April 12, 2019, 11:16:47 AM

Madame Alexa knows how many Bitcoin you have



i will never own an alexa/google/amazon voice activated device, unless there is an actual physical switch to cut the mics out of circuit.

i didnt really understand fully the ramification till the other day when i was going over with my wife  how to recover my btc stack in case of my death. i was going to tell her the passphrase to my trezor (it would be written down also, this was just for discussion). but when i was going to tell the the passphrase i stopped. because while i dont own an alexa/google/amazon device, i do have a smartphone and smart watch, which have mics of course.

so here i am in my own house, wondering if anything i say might go out to servers that humans can access (humans review random snips of voice data).

wtf, my own home, which i have spent considerable time and money hardening both physical and electronic networks, is useless if the closed source algo that trigger sending data for no fully understood by the end user.

btw many modern tvs have mics and web cams built in now. and IoT stuff like security cameras, some of which have mics so you can use then for intercoms, are notoriously bad at security and most will never get updates.

so much the attach surfaces are pretty big.

now i dont assume my phone and watch and compromised, but with the amount of money i have in btc it would be foolish to at least consider these scenarios,

like any smartphone or laptop with a built in mic is powered off and put in another room when setting up wallet seed words. paranoia? sure but it is based on failings of the current tech used.

Faraday cage room and Cryptosteel. Wink
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April 12, 2019, 11:17:49 AM

will $5000 hold?



Damn those bars are so overpriced in BTC-terms of price  Shocked



yep, gold not super useful for much other turning to dust and putting on BTCillionaire BTCacon
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April 12, 2019, 11:18:28 AM

will $5000 hold?



Damn those bars are so overpriced in BTC-terms of price  Shocked


A friend of mine argued that Bitcoin consumes too much energy for mining that can be used for something else. I told him that the blockchain technology is used all over the world as a substitute to bank transfers. And the mining of the gold also consumes energy for something that actually is not used for something except to lay in tresors and r0ach basement  Grin
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April 12, 2019, 11:20:45 AM
Merited by vapourminer (1)

Madame Alexa knows how many Bitcoin you have



i will never own an alexa/google/amazon voice activated device, unless there is an actual physical switch to cut the mics out of circuit.

i didnt really understand fully the ramification till the other day when i was going over with my wife  how to recover my btc stack in case of my death. i was going to tell her the passphrase to my trezor (it would be written down also, this was just for discussion). but when i was going to tell the the passphrase i stopped. because while i dont own an alexa/google/amazon device, i do have a smartphone and smart watch, which have mics of course.

so here i am in my own house, wondering if anything i say might go out to servers that humans can access (humans review random snips of voice data).

wtf, my own home, which i have spent considerable time and money hardening both physical and electronic networks, is useless if the closed source algo that trigger sending data for no fully understood by the end user.

btw many modern tvs have mics and web cams built in now. and IoT stuff like security cameras, some of which have mics so you can use then for intercoms, are notoriously bad at security and most will never get updates.

so much the attach surfaces are pretty big.

now i dont assume my phone and watch and compromised, but with the amount of money i have in btc it would be foolish to at least consider these scenarios,

like any smartphone or laptop with a built in mic is powered off and put in another room when setting up wallet seed words. paranoia? sure but it is based on failings of the current tech used.

Faraday cage room and Cryptosteel. Wink
Thinking of it, I'll probably just have to build a room like that when I bother getting a new property. Just in case I ever need to have some serious talks with somebody. Faraday cage + no electronic devices inside (smartphones could still record and send the audio later).

I think these kinds of problems are good to have though. They keep you on the edge if you consider them and keep you from turning into a potato and they're not as bad as having to worry about getting shot or eaten by a bear.
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April 12, 2019, 11:22:43 AM

Nice retrace. Hope we will hit $6k soon,expectations are higher than average:

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