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

[Fatman3001]

See what I mean?  Go ahead, get yourself a store-bought forryfoota that looks like a 90s kitchen appliance.  You deserve it

Funny, the gif shows up in my posts, but not in yours. Why is that?

[Norway]

Good hunt today. 4 kills.
Please help and report Lambie to the moderator as soon as you can. Make it a habbit and a hobby  
(Unless you like naked gay porn pics, or ascii art of it. Yes, Fatman! You are just too easy to entertain, ha ha ha!)

EDIT: Make that five.

He's defanged. Now he's no worse than the regulars.

Defanged, I had to look it up 

I'm going for the soul, not the fangs (Or rather: It's wallet). Because I think it's paid to do what it does. I don't mind crazy people. (Maybe I'm one of them?)
But there are some very strong incentives in the bitcoin game. And if a special interest is pouring money at distorting the freedom of speech, I will fight it.
Don't silence my voice with noise!
(Yes, I'm old and have worked many years as a journalist. Freedom of speech is precious to me.

[JorgeStolfi]

One problematic nature of this supposed "professor status" is that such proclamation is misleading in itself, and serves as an appeal to authority. 

If you check this thread back in late 2013, I never boasted of being a professor; someone else found out eventually, by googling my name.  Although I am a prof of computer science, that of course does not make me an authority on bitcoin, and I don't recall ever having appealed to my title.

Stolfi, are you paid to research bitcoin?

I am paid to research computer science.  No one tells me what exactly I should research, not even that it has to be strictly computer science; except that I have to satisfy grant committees once a while, and advise students on their thesis topics (and that freedom of research is one of the few advantages of being a university professor).   

But frankly bitcoin is more an hobby than work, like my previous net-obsessions with space exploration, cold fusion, the Voynich Manuscript, the Fukushima disaster, Wikipedia, Wikimapia...  On the other hand Bitcoin is clearly computer science, so if perchance someone were to complain that I am spending too much time in my hobby, my ass is reasonably covered.  And it is also something that I am expected to advise the public about, like electronic voting and other computers-and-society issues.

[Fatman3001]

- Obama Rules!!!! (no really, he does) -

See what I mean?  Go ahead, get yourself a store-bought forryfoota that looks like a 90s kitchen appliance.  You deserve it

Funny, the gif shows up in my posts, but not in yours. Why is that?

Well, like Mr. President Obama always says, "First they ban you, then they cry like bitches and run to authorities, then they disable gifs, and then you win!"
Wise words

So you've been running the worlds most annoying stress test of a rather shoddy Bitcoin forum? You must be proud. Can you get rid of stolfi now?

Edit:

And it is also something that I am expected to advise the public about, like electronic voting and other computers-and-society issues.

Nevermind, Brazil is in deep enough shit as it is. Best to keep him occupied here.

[JayJuanGee]

Screw you bitch. Having enough savings that I don't have to work for the rest of my life gives me options and freedom that most people can't even dream of. Spending most of your life working for others merely for food and a shelter is the life of a slave.

Great, let's all do that then.  

Imagine if only we could give 0.003 bitcoins to every person on the planet. Once 1 bitcoin becomes worth a billion dollars, no one will have to work anymore.  Bitcoin cannot just put an end to hunger and corruption in the world, it can also abolish work!

You are speculating way too much.  We are a hell-of-a-long way from everyone owning bitcoin, and I again looked at that pie chart that was posted with the koolaide man, and in any event BTC occupies only about .004% of the currency at the moment... ... a long way before your little problem becomes any kind of real potential concern.  

Additionally, like i mentioned earlier, if someone is hungry, they are likely going to buy food rather than hold onto bitcoin.. HELLO, is anyone home??

lmao +1

I thought that I was on your ignore list....?    hahahahaha  We buddies again?   

[Ibian]

So how do you rationalize advocating the concept if you won't support it with your own money?

You still don't get it?  The purpose of a currency is not to be an investment. 

If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it.  If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities.  If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

Answer the question.

[Norway]

Snip...

Stolfi, are you paid to research bitcoin?

I am paid to research computer science.  No one tells me what exactly I should research, not even that it has to be strictly computer science; except that I have to satisfy grant committees once a while, and advise students on their thesis topics (and that freedom of research is one of the few advantages of being a university professor).  

But frankly bitcoin is more an hobby than work, like my previous net-obsessions with space exploration, cold fusion, the Voynich Manuscript, the Fukushima disaster, Wikipedia, Wikimapia...  On the other hand Bitcoin is clearly computer science, so if perchance someone were to complain that I am spending too much time in my hobby, my ass is reasonably covered.  And it is also something that I am expected to advise the public about, like electronic voting and other computers-and-society issues.

Weired, I actually believe you Stolfi. Thanks  

EDIT: Why not swap some of those reals for bitcoin? I know you think bitcoin is going down the drain in time, but the real is doing this quicker, no?

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

One problematic nature of this supposed "professor status" is that such proclamation is misleading in itself, and serves as an appeal to authority. 

If you check this thread back in late 2013, I never boasted of being a professor; someone else found out eventually, by googling my name.  Although I am a prof of computer science, that of course does not make me an authority on bitcoin, and I don't recall ever having appealed to my title.

Again, you seem to be attempting to spin this matter, because even if you did NOT use so many words to proclaim your professorship, over your membership, you have in many ways attempted to incorporate such credentials in order to assert some kind of supposed "expertise"... and in fact that you use your real name tends to support the reality that you want to be known for your real world credentials into this thread...

I don't really have as much of a problem with anyone waiving anonymity, as I do with some of the contents of your various misleading posts in which you frequently attempt to describe something in delightfully and apparently academic ways to suggest that it is some kind of problem in the here and now when it is only hypothetical, speculative to be a problem potentially 50 or 100 years later, assuming that the BTC sphere would be completely locked into such projection.

Stolfi, are you paid to research bitcoin?

I am paid to research computer science.  No one tells me what exactly I should research, not even that it has to be strictly computer science; except that I have to satisfy grant committees once a while, and advise students on their thesis topics (and that freedom of research is one of the few advantages of being a university professor).   

But frankly bitcoin is more an hobby than work, like my previous net-obsessions with space exploration, cold fusion, the Voynich Manuscript, the Fukushima disaster, Wikipedia, Wikimapia...  On the other hand Bitcoin is clearly computer science, so if perchance someone were to complain that I am spending too much time in my hobby, my ass is reasonably covered.  And it is also something that I am expected to advise the public about, like electronic voting and other computers-and-society issues.

Certainly, I am NOT stalking you or even really care that much, but you surely do seem to spend quite a bit of time on your "hobby."  Have you published any works on bitcoin in academic journals or incorporated anti- bitcoin advocacy into some of your academic teaching and lectures?  Surely, there is some academic freedom in teaching students, so sometimes it will NOT matter too much if you have some incorporation of relevant aspects of your hobby into such course teachings or academic advising.. However, I will take with a grain of salt your proclaimed lack of monetary interest in this topic of bitcoin that you are spending so much time to denigrate and to denigrate bitcoin advocates... and even denigrating the motives and hard work of a lot of people who have spent a lot of time developing various aspects of the bitcoin space.

[rebuilder]

If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

In an ideal world, this might be the case.

In the real world, when investments are more profitable than holding currency, in some significant cases this is because the economy is in a bubble state. What would happen if investors didn't have a way to step out of the game and say: "whoa, this is getting a bit rich for my blood!"? Selling assets for currency is one way of doing this, and is an important check on the boom part of the boom-bust cycle. This is what the idea of non-political money stems from in the first place - if the valuation of a currency can be centrally controlled, then market cycles can be manipulated beyond what the markets would otherwise support.

[JayJuanGee]

So how do you rationalize advocating the concept if you won't support it with your own money?

You still don't get it?  The purpose of a currency is not to be an investment. 

If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it.  If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities.  If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

Answer the question.

Stolfi has his own agenda... he is NOT going to answer any of your questions, unless he can put a proper spin on the topic and to adequately deflect.  To the extent that there are material undermining of his position, he frequently ignores responding to the substance of those kinds of posts.

[JayJuanGee]

I think that there has been quite a lot of action in the past 24 hours or so in order to attempt to get the weekly candle to be red, rather than green.  It seems that there is only about 40 minutes left to determine whether this week's candle is going to be red or green...

Currently, the weekly candle is on the cusp of either way... but seems to be trending more towards the red...

[Norway]

I think that there has been quite a lot of action in the past 24 hours or so in order to attempt to get the weekly candle to be red, rather than green.  It seems that there is only about 40 minutes left to determine whether this week's candle is going to be red or green...

Currently, the weekly candle is on the cusp of either way... but seems to be trending more towards the red...

Don't worry about the weekly candle. Bitcoin is going to scale, and make you filthy rich in time

[Divitiae miserae]

So how do you rationalize advocating the concept if you won't support it with your own money?

You still don't get it?  The purpose of a currency is not to be an investment. 

If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it.  If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities.  If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

Answer the question.

Stolfi has his own agenda... he is NOT going to answer any of your questions, unless he can put a proper spin on the topic and to adequately deflect.  To the extent that there are material undermining of his position, he frequently ignores responding to the substance of those kinds of posts.

The issue is that you don't understand what a currency is or ought to be. You guys are all deluded.

[ranlo]

I think that there has been quite a lot of action in the past 24 hours or so in order to attempt to get the weekly candle to be red, rather than green.  It seems that there is only about 40 minutes left to determine whether this week's candle is going to be red or green...

Currently, the weekly candle is on the cusp of either way... but seems to be trending more towards the red...

Don't worry about the weekly candle. Bitcoin is going to scale, and make you filthy rich in time

Or be replaced by another coin. Keep in mind that while Bitcoin is highly revered right now, anything that supports it can just as easily support any other blockchain-based currency with very minor changes.

[JayJuanGee]

So how do you rationalize advocating the concept if you won't support it with your own money?

You still don't get it?  The purpose of a currency is not to be an investment. 

If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it.  If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities.  If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

Answer the question.

Stolfi has his own agenda... he is NOT going to answer any of your questions, unless he can put a proper spin on the topic and to adequately deflect.  To the extent that there are material undermining of his position, he frequently ignores responding to the substance of those kinds of posts.

The issue is that you don't understand what a currency is or ought to be. You guys are all deluded.

We do NOT need to know... because bitcoin is NOT only currency...

[RenegadeMan]

Okay. Perhaps I haven't experienced enough of him yet to see the dis-ingenuity in full flight. As always with people on these forums, there's their face-value appearance and then their deeper hidden agenda which may take longer to pick up on.

Yes, his (Stolfi's) mostly courteous front can be very misleading concerning his credibility  - and likely causes people to give much more credit to him than he deserves.  Surely, sometimes he makes some decent points or brings up some interesting topics, but frequently, his points are skewed in a level of unrealism that any real supposed academic who is acting with honesty would give more validity to points that are contrary to his own agenda.

...snip

I don't have a problem hearing various negative views or even sorting the various arguments etc; however, trolling by definition is a problem because it is distracting and aims to incite rather than to really engage in meaningful discussion.  There are ways to present counter evidence and make arguments against bitcoin without being disingenuous and without putting out false arguments and even misstating relevant facts.  Some of the trolls, including Stolfi has a pattern and tendency to mislead.... .. and frequently the bullshit should be pointed out for what it is, rather than accepted as if he is contributing to the dialogue in some kind of positive way.  Again, NOT every post of Stolfi can be characterized as such, because in fact he attempts to build his credibility by being a more sophisticated troll.. and when he does actually put out FUD, sometimes very genuine and intellectually honest people, including yourself, are mislead by some of his FUD spreading.

Thanks for your very detailed response JayJuanGee. I do appreciate your summation. I've had similar experiences in other forums.

Meanwhile I'll continue to read Jorge's posts and make my own assessment. Obviously it will take sometime before I've worked him out (and even then, this communication medium is about as thorough for "working someone out" as is reading a book about how to tango and then declaring yourself an accomplished dancer when you've never set foot on a dance floor let alone held a rose between your teeth. Ha!)

[JayJuanGee]

Okay. Perhaps I haven't experienced enough of him yet to see the dis-ingenuity in full flight. As always with people on these forums, there's their face-value appearance and then their deeper hidden agenda which may take longer to pick up on.

Yes, his (Stolfi's) mostly courteous front can be very misleading concerning his credibility  - and likely causes people to give much more credit to him than he deserves.  Surely, sometimes he makes some decent points or brings up some interesting topics, but frequently, his points are skewed in a level of unrealism that any real supposed academic who is acting with honesty would give more validity to points that are contrary to his own agenda.

...snip

I don't have a problem hearing various negative views or even sorting the various arguments etc; however, trolling by definition is a problem because it is distracting and aims to incite rather than to really engage in meaningful discussion.  There are ways to present counter evidence and make arguments against bitcoin without being disingenuous and without putting out false arguments and even misstating relevant facts.  Some of the trolls, including Stolfi has a pattern and tendency to mislead.... .. and frequently the bullshit should be pointed out for what it is, rather than accepted as if he is contributing to the dialogue in some kind of positive way.  Again, NOT every post of Stolfi can be characterized as such, because in fact he attempts to build his credibility by being a more sophisticated troll.. and when he does actually put out FUD, sometimes very genuine and intellectually honest people, including yourself, are mislead by some of his FUD spreading.

Thanks for your very detailed response JayJuanGee. I do appreciate your summation. I've had similar experiences in other forums.

Meanwhile I'll continue to read Jorge's posts and make my own assessment. Obviously it will take sometime before I've worked him out (and even then, this communication medium is about as thorough for "working someone out" as is reading a book about how to tango and then declaring yourself an accomplished dancer when you've never set foot on a dance floor let alone held a rose between your teeth. Ha!)

Yep... I would not expect posters of this thread to fall into categories, so in the end, each of us has to decide for himself and to weigh the various evidence, including a variety of factors including our own experiences and perspectives, such as our past experience in investing, the level of our portfolio diversification, our risk tolerance, our  views on expected future value.

In fact, each of us has the potential to get some of these wrong and then need to readjust based on our learning.. and some of us will take longer than others to learn and each of us learn in differing ways, including dancing, if that happens to be our predilection at the moment.   

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

Bottom in at around $230?