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

[coinableS]

I just had an idea about how to explain bitcoin: A bitcoin is real estate on the most secure public ledger in the world. Bitcoins are similar to land in that that the total amount is fixed. How much real estate? 1/21 millionth.
 
If the blockchain was Manhattan Island, each bitcoin would be worth 44.8 square feet.

If the Blockchain was Texas, each bitcoin would be the equivalent of 8.2 acres.

If the blockchain was North America,each bitcoin would be worth 290.7 acres.

If the blockchain was the world, each bitcoin would be worth over 2.7 square miles.

Some land is barren and worthless, what about farmland?

There are 3.4 Billion Hectares of farm land globally (http://news.nationalgeographic.com/news/2005/12/1209_051209_crops_map.html)

Avg price of farm land per hectare across the globe. $6,790.62 (#’s based on http://www.businessinsider.com/booming-farmland-market-2011-4?op=1 Sampling price per hectare in Russia, Canada, US, Brazil, New Zealand, Zambia, Ukraine, Romania, Poland, Australia, Argentina, England.

Market cap of farm land ~$23 Trillion. 3.4 Billion hectares * $6,790.62 = $23,088,108,000,000

1 BTC out of 21 million as a ratio = 0.0000000476 $23,088,108,000,000 * 0.0000000476 = $1,099,433.71

So one bitcoin is a million dollars! On sale today for only 250!

[billyjoeallen]

I just had an idea about how to explain bitcoin: A bitcoin is real estate on the most secure public ledger in the world. Bitcoins are similar to land in that that the total amount is fixed. How much real estate? 1/21 millionth.
  
If the blockchain was Manhattan Island, each bitcoin would be worth 44.8 square feet.

If the Blockchain was Texas, each bitcoin would be the equivalent of 8.2 acres.

If the blockchain was North America,each bitcoin would be worth 290.7 acres.

If the blockchain was the world, each bitcoin would be worth over 2.7 square miles.

why earth, earthling?

you can buy cheap land on moon these days.  

go ahead!

That would be like buying real estate on other blockchains.

[ChartBuddy]

Coin
Explanation

[empowering]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


Where the bloody fuck is my serving of DOOOOOOOOM?

[tarmi]

I just had an idea about how to explain bitcoin: A bitcoin is real estate on the most secure public ledger in the world. Bitcoins are similar to land in that that the total amount is fixed. How much real estate? 1/21 millionth.
  
If the blockchain was Manhattan Island, each bitcoin would be worth 44.8 square feet.

If the Blockchain was Texas, each bitcoin would be the equivalent of 8.2 acres.

If the blockchain was North America,each bitcoin would be worth 290.7 acres.

If the blockchain was the world, each bitcoin would be worth over 2.7 square miles.

why earth, earthling?

you can buy cheap land on moon these days.  

go ahead!

That would be like buying real estate on other blockchains.

no, that would be like buying real estate in a remote unpopulated and uninhabitable areas now with promise that one day it will be valuable.  

hence land on the moon. I find it appropriate in many ways.

[Fatman3001]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


Where the bloody fuck is my serving of DOOOOOOOOM?

Looks like someone messed up the order. Price won't budge.

[empowering]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


Where the bloody fuck is my serving of DOOOOOOOOM?

Looks like someone messed up the order. Price won't budge.

Can I at least get the side of tragedy while I am waiting?

I get crabby if my DOOOOOM is not shnappy.

What kind of place is this? keeping a guy waiting for his DOOOOOOM.

[SilenceOfTheLamb]

Keeping you waiting for doom is your own, bespoke hell
You're welcome!

[nioc]

Cargo Cult TA© report:

The last buy was 36 hours ago @246

The sell signal is imminent and price is @247


I am only using Bitfinex for data

[empowering]

Well someone should report you to the advertising standards peeps...... because you promised fast, well prepared, yummy DOOOOM... and I am still waiting...  

I am going to give this place a shit review on tripadvisor , I am going to make it shnappy.


(not even the "auction doom" from the specials menu was any good... what kind of cunts are serving up this crap? they should get the sack)

[SilenceOfTheLamb]

Well someone should report you to the advertising standards peeps...... because you promised fast, well prepared, yummy DOOOOM... and I am still waiting...  
...

Running to the Nanny State at the first sign of trouble?  Sadly, there's no one to report me to, because libertardian paradise

[empowering]

but but but you keep sending out tepid, badly cooked, tardy, DOOOOOOM.

I like my DOOOOOOM shnappy.

Put some shnap in my DOOOOOOM

ffs.

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[NotHatinJustTrollin]

but but but you keep sending out tepid, badly cooked, tardy, DOOOOOOM.

I like my DOOOOOOM shnappy.

Put some shnap in my DOOOOOOM

ffs.

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Why are you so eager to get your doom?

Patience is not among bitcoiners virtues huh?

[SilenceOfTheLamb]

but but but you keep sending out tepid, badly cooked, tardy, DOOOOOOM.

I like my DOOOOOOM shnappy.
...

Fuck you
You'll take whatever doom I give you, thank me for it, and beg for more.

*Also what NotHatinJustTrollin said.  Lrn 2 delayed gratification.

[empowering]

but but but you keep sending out tepid, badly cooked, tardy, DOOOOOOM.

I like my DOOOOOOM shnappy.

Put some shnap in my DOOOOOOM

ffs.

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Why are you so eager to get your doom?

Patience is not among bitcoiners virtues huh?

Excuses, excuses....

I ordered DOOOOM from the menu on offer, you know the menu that the numerous staff here keep waving in front of your face every 10 seconds....

Like I said, I like my DOOOOM shnappy.

Where the fuck is the DOOOOOOM?

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[Dump3er]

but but but you keep sending out tepid, badly cooked, tardy, DOOOOOOM.

I like my DOOOOOOM shnappy.

Put some shnap in my DOOOOOOM

ffs.

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Why are you so eager to get your doom?

Patience is not among bitcoiners virtues huh?

Excuses, excuses....

I ordered DOOOOM from the menu on offer, you know the menu that the numerous staff here keep waving in front of your face every 10 seconds....

Like I said, I like my DOOOOM shnappy.

Where the fuck is the DOOOOOOM?

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

You'll eat what you're given and when it's ready!

Now quite!

[Ask Ken About Love]

stuff

Your mind was undone by grief.  Here, Bitcoin criminal, read about your collaborators getting owned by The Man:

http://s27.postimg.org/j186cjshf/Capture.jpg

[JorgeStolfi]

I just had an idea about how to explain bitcoin: A bitcoin is real estate on the most secure public ledger in the world. Bitcoins are similar to land in that that the total amount is fixed. How much real estate? 1/21 millionth.

That is a very good analogy, except that there is no real land. 

A bitcoin is a bearer certificate of property of some fixed number of square miles of real estate on Tatooine.  Other altcoins are certificates of real estate on other imaginary planets.

The value of bitcoins is supposed to come from its hard-to-forge public land registry, where record of possession of one of those imaginary plots can be easily transferred to another person only with knowledge of the private key of its current possessor, without the need for a trusted intermediary etc.

[Tzupy]

Western exchanges seem willing to crash again, but China not yet. Interesting, if the opportunity to crash will be missed, we may go up.

[nioc]

Confirming Cargo Cult TA© sell signal
present price @246