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

[D05GTO]

Same idiot making new accounts just to post FUD.  Get a life already mr ohio.

[1714904227]

1714904227

[gentlemand]

No mention of this anywhere?

https://www.reddit.com/r/Bitcoin/comments/3006zo/changetip_integrates_with_online_comment_hosting/

https://disqus.com/by/changetip/

A rather juicier deal than a vaper in the Australian outback maybe taking BTC if they're out of bed that day.

[ChartBuddy]

Coin
Explanation

[derpinheimer]

Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No.
-Does bitcoin pay returns to its investors? No.
-Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html

That doesn't mean its not very similar  . A pyramid scheme may be a better definition.

Seriously, I don't really believe its either, but when you come back with retort like this...

[kodtycoon]

Does bitcoin require an ever increasing flow of money to sustain it? No

yes... mining.. hashpower increases -> cost increase -> (if the cost of mining gives bitcoin its value like so many seem to think) the amount of fiat coming into the system must increase to maintain current prices. of course this can go the other way too but the general trend has been that it has increased continuously for the better part of bitcoins history.

[YourMother]

But speaking about this "great" technology that failed miserably, take a look at the first image and see how a mass adoption graph should look like

YES


(Bitcoin) FAIL


I put the Market Capitalization graph (should be relevant enough), because unlike with the technologies shown in the first image, you can easily fake the number of users/addresses/active addresses when it comes to Bitcoin.


Have fun shorting this failure...

[podyx]

But speaking about this "great" technology that failed miserably, take a look at the first chart and see how a mass adoption chart should look like

YES


(Bitcoin) FAIL


I put the Market Capitalization graph (should be relevant enough), because unlike with the technologies shown in the first image, you can easily fake the number of users/addresses/active addresses when it comes to Bitcoin.


Have fun shorting this failure...

smh

https://www.youtube.com/watch?v=qHUPPYzzZrI

[btcponzieeg]

Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No. YES, instead of banks, bitcoin controlled by mining companies and rich criminals, Satoshi HD Moore Roger Ver knightmb Mark Karpeles Loaded FBI..
-Does bitcoin pay returns to its investors? No. YES, bitcoin works like a pyramids scheme, bitcoiners cheat greater fool to buy so bitcoiners can sell their bags at higher price (a promise given by dream)
-Does bitcoin require an ever increasing flow of money to sustain it? No. YES, mining and fees charged by exchangers cost $$$

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html

World Bank Report: Bitcoin is a 'Naturally Occurring' Ponzi
http://www.ibtimes.co.uk/cryptocurrency-news-round-bitcoin-ponzi-scheme-bitpay-facebook-app-bitlicences-1457223

[Fatman3001]

Does bitcoin require an ever increasing flow of money to sustain it? No

yes... mining.. hashpower increases -> cost increase -> (if the cost of mining gives bitcoin its value like so many seem to think) the amount of fiat coming into the system must increase to maintain current prices. of course this can go the other way too but the general trend has been that it has increased continuously for the better part of bitcoins history.

This is all backwards. Mining power is dictated by price, not the other way around.

[LFC_Bitcoin]

Too many socks & low activity troll accounts popping up.
Pathetic really.

[SilenceOfTheLamb]

Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:
...

I have already pointed out the error.  No need to correct him twice--delete your post.

Just keep buying until the price hits $300--that always works.
If not enough $$ to buy through order books, convince family/trusting friends to buy BTC.
If family/friends no longer trust you, buy some CC on carder forum -> buy BTC.

Sounds like PONZI SHIT.

False.  Allow me to quote Bitcoin Wiki:
"In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee."-- https://en.bitcoin.it/wiki/Myths#It.27s_a_giant_ponzi_scheme

[YourMother]

But speaking about this "great" technology that failed miserably, take a look at the first chart and see how a mass adoption chart should look like

YES


(Bitcoin) FAIL


I put the Market Capitalization graph (should be relevant enough), because unlike with the technologies shown in the first image, you can easily fake the number of users/addresses/active addresses when it comes to Bitcoin.


Have fun shorting this failure...

smh

https://www.youtube.com/watch?v=qHUPPYzzZrI

Thanks for the link!

I will take a break to watch this charlatan trying to sell me Bitcoin. Will be back soon...

[macsga]

Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No.
-Does bitcoin pay returns to its investors? No.
-Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html

That doesn't mean its not very similar  . A pyramid scheme may be a better definition.
Seriously, I don't really believe its either, but when you come back with retort like this...

Look, I'm not in for the short answer, "If you don't get it, get yourself out". I believe the BTC idea is unique, exquisite and brilliant. It's the vehicle towards a better world if you prefer, with the utter goal of a non-monetary society. It's ok that most people don't "get it" - most people I know don't get the basics of the current banking system, does this renders it unusable for them? Of course not!

This is not the place - nor the time to start unfolding social schemes and theoretical models, in order to persuade any of you here, that the old system is dead and buried for quite sometime now, but the short story is, if we get going like this, within 5 years DJ will be in the area of 100,000; QE will be something that you and I will be using EVERY DAY; even to buy our groceries (you can name it a coupon if you like) and less and less people will store big amounts of fiat while others (the many) will continue to starve.

THIS MUST CHANGE. I don't care if it's called Bitcoin; Monero, Doge or whatever. We are in NEED of a better system to do business. Period.
You don't like Pyramidic systems? Me neither. So let's come up with a better idea. I'm in for the better. Are you? I will be your follower.

[SilenceOfTheLamb]

Too many socks & low activity troll accounts popping up.
Pathetic really.

Have you missed my seminal & thought-provoking work on Bitcointalk in general & your hilarious pathetic current predicament in particular?

Just keep buying until the price hits $300--that always works.
If not enough $$ to buy through order books, convince family/trusting friends to buy BTC.
If family/friends no longer trust you, buy some CC on carder forum -> buy BTC.

Sounds like PONZI SHIT.

Wonderful idea. Why suffer alone when you can drag as many people as possible down with you? Everyone feels like less of an idiot when you're in it together.

Hence this thread.
Herd animals have a need to belong, even if the in-group is rooted in nothing but commiseration & the herd's hatred towards the outsiders.  Even when the "outsiders" are helpful Anons who try aleve the heard's suffering.

When suffering is the great unifier, its end implies end of the in-group, which, in turn, spells the end of individual's sense of "exclusive belonging"--a far greater pain than merely losing money.

Everything, gentlemen, from cults to creepy S&M relationships--exploits this paradoxical* human need to belong.
*Paradoxical because those who exhibit this trait most strongly are self-described outsiders--seeing themselves as "mavericks," "unconventional thinkers," "rebels" rejecting society's norms & conventions, "disrupters."  Go figure...

Heavy, heavy shit, gentlemen...

[ThatDGuy]

Too many socks & low activity troll accounts popping up.
Pathetic really.

Agreed.  I should be getting paid like a gynecologist to have to see so many cunts every day.

[LFC_Bitcoin]

Too many socks & low activity troll accounts popping up.
Pathetic really.

Agreed.  I should be getting paid like a gynecologist to have to see so many cunts every day.

Haha.
Brilliant.

[bassclef]

Too many socks & low activity troll accounts popping up.
Pathetic really.

And members giving them what they want (attention) every time they post.

[macsga]

Too many socks & low activity troll accounts popping up.
Pathetic really.

And members giving them what they want (attention) every time they post.

Not me, not anymore. I even educated myself to ignore a sock puppet account on the fly! My ignore list follows:

Code:

Hfertig
Wandererfromthenorth
mmitech
ShroomsKit
fonzie
luckygenough56
JohnPercent
sporket
FatherBob
Cassandra_PR
Silverspoon
NotLambchop
BlindMayorBitcorn
mrkavasaki
YourMother
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
Warren Buffert
NotHatinJustTrollin
Wandererfromabroad
bitards
ChildPr0nzUsers
JihadCoinz
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg

[Ask Ken About Love]

Too many socks & low activity troll accounts popping up.
Pathetic really.

Agreed.  I should be getting paid like a gynecologist to have to see so many cunts every day.

Maybe get paid like a fluffer to keep BTC price up, Hmm?  Pretty flaccid lately

[Paashaas]

But speaking about this "great" technology that failed miserably, take a look at the first image and see how a mass adoption graph should look like

YES


(Bitcoin) FAIL


I put the Market Capitalization graph (should be relevant enough), because unlike with the technologies shown in the first image, you can easily fake the number of users/addresses/active addresses when it comes to Bitcoin.


Have fun shorting this failure...

Idiot, troll, noob you dont know schit!