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

[Fatman3001]

Sweden's wealth was originally built on the grounds of strong free-market capitalism

It still is. There is no necessary contradiction in a modern social democracy. Why do you think the Swedes didn't bail out SAAB or Volvo like the US bailed out GM and Chrysler?

"It's not the role of the state to build cars."

[1714671586]

1714671586

[1714671586]

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[yolalanda]

... I could cherry pick a few states that do better than the rest as a rebuttal, perhaps one with ethnic homogeneity like Sweden.

You weren't joking when you brought up Jews, were you?

I don't need to caricature socialism. I have North Korea.

And North Korea has you

https://hardmoshi.files.wordpress.com/2015/07/north-korea-anti-american-propaganda-pulling-teeth.jpg

[ChartBuddy]

Coin

Explanation

[Wolf Rainer]

Let´s see there this takes us. The EU are very good news, but i don´t want to become bullish.

[Patel]

I have this feeling that an ETF is launching earlier than expected.

nah

[JorgeStolfi]

AnCaps favor market based decision-making. For example two parties to a conflict can either choose a mutually agreeable third party to resolve disputes or choose to fight it out (but only with their own resources!).  Common law and emergent practices guide collective action. 

Thanks for the lesson! But how would that work, for example, if a village needed to decide the path of a road to a nearby town?

[Richy_T]

anybody want to go in with me on this and resell them on Amazon? You need to buy a minimum of 333 and I don't have that kind of coin just lying around. Ok, maybe I do, but I'm not going to spend that much.

That's just for the chips though, right? Then you actually have to turn them into a miner.

You also forgot to mention the price. The total for 333 chips comes out to $68,000 according to the article.

[Richy_T]

It still is. There is no necessary contradiction in a modern social democracy. Why do you think the Swedes didn't bail out SAAB or Volvo like the US bailed out GM and Chrysler?

Yup, just like it's perfectly possible to live a pretty good life with a 3lb tapeworm in your gut. The most successful parasites take a long time to kill the host.

[luigi1111]

Hard to imagine an (above poverty line) adult who never uses an ATM card in this, the Year of Our Lord 2015.

I never use an ATM card.

[ChartBuddy]

Coin

Explanation

[billyjoeallen]

AnCaps favor market based decision-making. For example two parties to a conflict can either choose a mutually agreeable third party to resolve disputes or choose to fight it out (but only with their own resources!).  Common law and emergent practices guide collective action. 

Thanks for the lesson! But how would that work, for example, if a village needed to decide the path of a road to a nearby town?

There is no way to predict what would happen for certain, because we aren't central planners.  What is certain is that immanent domain would not be used.  Perhaps the landowners could get together and sell or lease their land to a toll road operator. 

Public goods are either provided by private donors or by assurance contracts. If no road was possible because of hold-outs, then another solution would need to be found. I often contemplate the sorry state of general aviation in America is due to subsidized roads that make individual air travel relatively cost prohibitive. Yesterday was Back to the Future Day. We should have flying cars by now. I blame the Patent office, the FAA and the Eisenhower Interstate Highway system. 

[!! pop]

It still is. There is no necessary contradiction in a modern social democracy. Why do you think the Swedes didn't bail out SAAB or Volvo like the US bailed out GM and Chrysler?

Yup, just like it's perfectly possible to live a pretty good life with a 3lb tapeworm in your gut. The most successful parasites take a long time to kill the host.

Just to make sure we have our metaphors straight, who/what is the tapeworm-infested guy and who/what is the 3lb tapeworm?
edit: And just how did the guy get worms? Too ignorant not to eat animal poop/don't know enough to wash hands? Also how did the tapeworm get to be 3lb? This is all so interesting!

[JayJuanGee]

It is funny when the price is moving really rapidly, it is easy to get caught up in the commotion, even when having a plan to execute and accidentally designate the wrong action for example to buy when you want to sell or to sell when you want to buy...


or is it just me?   

[billyjoeallen]

anybody want to go in with me on this and resell them on Amazon? You need to buy a minimum of 333 and I don't have that kind of coin just lying around. Ok, maybe I do, but I'm not going to spend that much.

That's just for the chips though, right? Then you actually have to turn them into a miner.

You also forgot to mention the price. The total for 333 chips comes out to $68,000 according to the article.

I don't know and without a website or even a listing on Alibaba, I don't even know how to find out. Assuming they are full miners, they'd likely go for ~$1,000 a piece on Amazon for resale.  At ~$200 each, that would mean that you could build the miners from the chips and still make a nice profit. 

The problem is always the same with buying mining rigs: if the bitcoin price is high enough, they have the incentive to delay shipment and mine with them themselves. If the price drops, then you can't mine for a profit when they do ship. 

[Fatman3001]

You've had a bunch of southern racists and a certain australian media mogul telling you for decades that you shouldn't learn about true liberalism and true socialism. That's what makes the US of A such a fucked up place. A strong state is important.  True liberal values are important. A strong democracy is important. The political analfabetism of americans is what's destroying America.

Are you serious? You think we get our ideas from Rupert Murdoch?  We have the largest economy in the world because of...what exactly? The Teamsters?

You don't, that's the EU. If you're talking about nation state economy, it's because you have one of the largest populations in the world.

Ah, yes."true socialism". Socialism has failed everywhere it's been tried because it wasn't "true socialism".
https://en.wikipedia.org/wiki/No_true_Scotsman

This sort of speaks to my point. You only refer to socialism as a charicatured bogey. If you've ever spent some time in Sweden, or comparable social democracies, you'd know that the whole basis of the american political debate is perversely skewed to the right.

This hostility you feel towards the state is due to the democratic deficit in the US political system caused by the demonization of the left, intellectual laziness and conformity.

Your anarcho-liberal stance is a conform expression of your unease with this democratic deficit.

Grow some balls! Fight for a state that works FOR the people!

So which is it? If Europe is one economy, then you can't use just a part of it like Sweden as an example of success.  I could cherry pick a few states that do better than the rest as a rebuttal, perhaps one with ethnic homogeneity like Sweden.

....Europe is a continent.

The EU is a supranantional political and economic union where each country remains sovereign states but in most respects function as a singular economy together. Sweden is a sovereign nation state which also happens to be part of the EU. I don't know how much clearer I can get. If it helps, my interpretation of "the largest economy in the world" is in line with that of The IMF, The World Bank and The CIA World Fact Book (link). The UN still ranks you 1st though.

If I was cherry picking I would pick my own country, Norway, but I don't think it is representative. Not so much because of the fact that it's far more homogeneous, but because its economy is fueled by copious amounts of oil and gas. Sweden is among the most liberal on immigration in Europe and as a result 26.5% of its population are immigrants. The homogeneity of a country is only an issue where racism is such that people don't want to take part in a system where people of another ethnicity might benefit.

I don't need to caricature socialism. I have North Korea.

Of course, if you think hereditary stalinist totalitarianism is representative for all socialist thought then I guess you don't have to spend any more energy thinking about this stuff.

Congratulations! Argument Won!



Did I mention intellectual laziness?

No State works for the people. If they did, they wouldn't need to be supported involuntarily through taxes.

Would it help if I used p2p terminology and refer to it as a "leecher problem"?

[JayJuanGee]

Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.


1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2)  EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/


3)  Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/

[My User ID is 553628]

We're gonna go up $300+ in 3 days. Mark my words.

[JayJuanGee]

We're gonna go up $300+ in 3 days. Mark my words.

Mark my words:   YOU are too newbie to be trusted.     

[Meuh6879]

I never use an ATM card.

3 times in 20 years.

[Fatman3001]

It still is. There is no necessary contradiction in a modern social democracy. Why do you think the Swedes didn't bail out SAAB or Volvo like the US bailed out GM and Chrysler?

Yup, just like it's perfectly possible to live a pretty good life with a 3lb tapeworm in your gut. The most successful parasites take a long time to kill the host.

If the tapeworm provides free health care then Bob's your uncle.