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

[empowering]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff.

Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game.

+1

real wealth is knowledge.

all other things are...well...things.

That's so fucking profound. Thanks for that original and enlightening thought.
I'm curious what YOU measure yourself against and how you think you're doing. Don't say you don't do it.  All that would mean is you have no interest in self improvement.

Tell me, oh wisetits, how should I measure myself?

From the top of the base to the tip? I think anything else is cheating.

[1715238950]

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[1715238950]

1715238950

[NotLambchop]

Knock fuckin' knock, Bitcoiner.
          The jig's up.

[Globb0]

lol  


Such as less tax evasion/avoidance etc.

Nothing conjured up before your eyes and passed off as real.

[NoIgnore4u]

No bitcoin enthusiast actually spends a decent amount of his coins, they just hodl them in hope that it becomes the world reserve currency.


Who actually spends bitcoin and uses it as a currency: terrorists, child pedos, drug dealers.



Bullish.

[Globb0]

I finally gave in and started an ignore list.

Getting sillier.

[inca]

I am sure it no coincidence that around the same time of day that NLC starts posting other sock puppets start yapping.

[NotLambchop]

lol  
Such as less tax evasion/avoidance etc.

You Bitcoiners are mostly libertarian.  You don't believe in taxation.  You *do* belive that 9/11 was done by Gubermint Jews with Thermite, tho, so that's something.

Nothing conjured up before your eyes and passed off as real.

You mean like 21mil digital tokens that rubes are convinced will let them fart through silk?

[billyjoeallen]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff.

Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game.

+1

real wealth is knowledge.

all other things are...well...things.

That's so fucking profound. Thanks for that original and enlightening thought.
I'm curious what YOU measure yourself against and how you think you're doing. Don't say you don't do it.  All that would mean is you have no interest in self improvement.

Tell me, oh wisetits, how should I measure myself?

From the top of the base to the tip? I think anything else is cheating.

LOL. I actually do know some women who are worth listening to on occasion, but the ones that want attention the most are almost never the ones who deserve it. TERA comes to mind. Anybody know what happened to her?

[xingming]

Btc-e :

Last Price: 231 USDLow: 228 USDHigh: 232.5 USD
Volume: 6174 BTC / 1423829 USDServer Time: 26.02.15 15:45

Before days and days i'm waiting a pump or dump i don't want to make little profit or loose little .
Many says that we can see a huge dump this week where is it , I need it now  

[oda.krell]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth.

Some kinds of money have reasonably stable exchange value, and nearly universal acceptance (at least within one country) that we get used to think of them as wealth; and for the purposes of personal wealth accounting, that is a good principle. 

For the purpose of understanding the world's economy, however, it is important to distinguish wealth from the money that merely represents it.

The "hyperfinancialization" of the economy has created excessive amounts of money, that, if taken at its market value, would correspond to immensely more wealth than actually exists.  Many people believe that they own (through the money proxy) a lot of cars, land, pizzas, etc; but there is not enough wealth to actually realize those claims. 

The financial system is like a land registrar that keeps multiple records of ownership for the same piece of land; except that, since money is not attached to any specific piece of lad, no one can tell which money is good and which is bad.  Sometimes the fiction becomes untenable, and then politics or violence decides, more or less arbitrarily, who keeps the real wealth (usually big financial corporations) and who loses it (usually the plebs).

Maybe that wasn't clear enough...

I guess I'll give you points for being consistent

... was my polite way of saying I think you're wrong, but at least I think you're only empirically wrong, not logically inconsistent (which is inexcusable)

[Fatman3001]

1) I'm sorry, I forgot who I was talking to.
2) There are very good reasons why that applies to personal debt and very good reasons why they don't apply to public debt. A country is not a person. It doesn't die. If and when it is dissolved, vanquished, conquered, then it is reasonable to ask where the debt goes.


But yes, there is a lot of risk involved with adding to an already huge debt. But sometimes the alternatives are worse. There was no reason to keep adding to the deficit after the dot-com crash of 2001 had been dealt with. So from 2002/2003-2008 both congress and the president should have focused on turning the deficit into a surplus. But instead they decided to gamble the nations future on an oxymoron called big-government conservatism. Kicking the dollar and replacing it with Bitcoin is not going to make republicans (both voters and politicians) less stupid. That requires education, publicly funded education. Even those on the right should recognize this.

1) no problem.
2) a government is not a country.

I'm not conservative (except culturally). I don't want to end the dollar. I want to end the forced use of the dollar by ending legal tender laws. Bitcoin may not ever catch on, but we should be free to use whatever form of money a buyer and seller agrees on.

Education is important, but politicians, bureaucrats and teachers don't have the incentives to do it well, which is why the don't do it well. Public choice economics predicts this and test scores confirm it. Online resources like The Khan Academy is free and take no tax money. That's not the whole solution, but part of it.  https://www.khanacademy.org/

Well said BJA.  Education certainly does not need to be publicly funded and controlled by bureaucrats to be effective or accessible at all. Why does this myth exist in spite of the myriad evidence against it?

It does in order to be accessible. And for society and social econommics, that's the important bit.

[NotHatinJustTrollin]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff.

Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game.

+1

real wealth is knowledge.

all other things are...well...things.

That's so fucking profound. Thanks for that original and enlightening thought.
I'm curious what YOU measure yourself against and how you think you're doing. Don't say you don't do it.  All that would mean is you have no interest in self improvement.

Tell me, oh wisetits, how should I measure myself?

From the top of the base to the tip? I think anything else is cheating.

LOL. I actually do know some women who are worth listening to on occasion, but the ones that want attention the most are almost never the ones who deserve it. TERA comes to mind. Anybody know what happened to her?

Recognised that this thing was going down (she was a very good trader) and sold ages ago higher and moved onto other things while you hold your bag?

[tarmi]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff.

Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game.

+1

real wealth is knowledge.

all other things are...well...things.

That's so fucking profound. Thanks for that original and enlightening thought.
I'm curious what YOU measure yourself against and how you think you're doing. Don't say you don't do it.  All that would mean is you have no interest in self improvement.

Tell me, oh wisetits, how should I measure myself?

you are a stupid fuck so you try to measure everything against something.

but there are some categories that arent really measurable.
 

 

[NotLambchop]

... Education certainly does not need to be publicly funded and controlled by bureaucrats to be effective or accessible at all. Why does this myth exist in spite of the myriad evidence against it?

It does in order to be accessible. And for society and social econommics, that's the important bit.

Libertarians discussing education is sorta like cats discussing particle physics.

[ChartBuddy]

Coin
Explanation

[empowering]

Watching trolls and their sockpuppets post droll insignificant twaddle, is like watching a constipated rat trying to squeeze one out

[billyjoeallen]

I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?

You bet.

Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff.

Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game.

+1

real wealth is knowledge.

all other things are...well...things.

That's so fucking profound. Thanks for that original and enlightening thought.
I'm curious what YOU measure yourself against and how you think you're doing. Don't say you don't do it.  All that would mean is you have no interest in self improvement.

Tell me, oh wisetits, how should I measure myself?

you are a stupid fuck so you try to measure everything against something.

but there are some categories that arent really measurable.
  

No, sweetheart- I'm an economist which means I try to measure everything against something. That's what economists do. If something isn't subjectively or objectively measurable, it doesn't exist.

[NoIgnore4u]

https://i.imgur.com/JDTOJ8a.png





RandomActsOfKindness™

[silverfuture]

Watching trolls and their sockpuppets post droll insignificant twaddle, is like watching a constipated rat trying to squeeze one out

Yup, it has it's moments but gets ugly real fast!

[NotLambchop]

...If something isn't subjectively or objectively measurable, it doesn't exist.

But subjectivity is objective...