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

[jbreher]

there was like 1billion dollars unaccounted for that the pentagon spend and it wasn't ever recorded...

How soon we forget.

Let's try Two-Point-Frickin-Three-TRILLION dollars.

Announced when? Oh, right. On a date that the following day's news would ensure that nobody noticed.

2001. September. The tenth.

source?

Donald Rumsfeld -- then Secretary of Defense -- an authoritative enough source for you?

https://www.youtube.com/watch?v=xU4GdHLUHwU

How soon we forget indeed. Sheesh.

[ChartBuddy]

Coin



Explanation

[BitUsher]

Donald Rumsfeld, then Secretary of Defense an authoritative enough source for you?

https://www.youtube.com/watch?v=xU4GdHLUHwU

How soon comforter indeed. Sheesh.

I hate to defend those criminals but to be fair the 2.3 trillion didn't go "missing" but was simply not "properly" documented or audited. Thus some of it falls in the category of sloppy accounting, some of it for secret government programs(funding terrorists for example), and some of it perhaps stolen with corruption. This "accounting" crime covering up other crimes being announced the day after 9/11 is of high suspicion and completely understandable why they would hold off for an opportune time to admit such irresponsible lapse in accounting which should be considered criminal.

This huge accounting error makes me question how efficient states are at war and killing people as I used to assume they were very good at these tasks. It is a tough call whether this sloppiness is deliberate and doesn't take away from their efficiency at destruction or just incompetent. My guess would be a mixture of the two.

Either way ... here is a way to earn some BTC and show solidarity against state corruption -

http://www.bitcoinnotbombs.com/antiwar-haiku-contest/

[jbreher]

This "accounting" crime covering up other crimes

'zackly

being announced the day after 9/11 is of high suspicion

Check it again. Not the day _after_ 9/11. The day _before_.

[jbreher]

... but what does the ticker tape say? Three-buck-and-a-quarter today. Honey badger be honeybadgeratin'

[BitUsher]

Check it again. Not the day _after_ 9/11. The day _before_.

Well, I am not a 9/11 truther but that is one hell of a scary coincidence. Either way the US government has admitted to enough crimes where we don't need to waste time arguing over whether 9/11 was an inside job or not. It is better for us to focus our energy on projects like bitcoin which make these "accounting errors" of this magnitude more difficult to create.


90% efficiency at murdering innocent civilians.

https://theintercept.com/drone-papers/the-assassination-complex/


I really don't understand why people can ethically support and pay for this behavior.

[hdbuck]

... but what does the ticker tape say? Three-buck-and-a-quarter today. Honey badger be honeybadgeratin'

hmm reminiscences..

The first step in a bull movement in a stock is to advertise the fact that there is a bull movement on. Sounds silly, doesn't it? Well, think a moment. It isn't as silly as it sounded, is it? The most effective way to advertise what, in effect, are your honourable intentions is to make the stock active and strong. After all is said and done, the greatest publicity agent in the wide world is the ticker, and by far the best advertising medium is the tape. I do not need to put out any literature for my clients. I do not have to inform the daily press as to the value of the stock or to work the financial reviews for notices about the company's prospects. Neither do I have to get a following. I accomplish all these highly desirable things by merely making the stock active. When there is activity there is a synchronous demand for explanations; and that means, of course, that the necessary reason for publication supply themselves without the slightest aid from me.

http://www.nowandfutures.com/large/Reminiscences_of_a_Stock_Operator_Jesse_Livermore.pdf P.195

[r0ach]

Either way the US government has admitted to enough crimes

[ingiltere]

2.3 trillion dollar went to the organisation who run the world. They can do whatever they want with that kind of money.
Bitcoin is nothing comparing to it.

[jbreher]

2.3 trillion dollar went to the organisation who run the world. They can do whatever they want with that kind of money.
Bitcoin is nothing comparing to it.

Today. If tomorrow seven billion decide that the use of bitcoin over fiat is in their best interest, it shall come to pass.

The immovable object is demolished by the unstoppable force.

[JayJuanGee]

Seems we've experienced a minor weekend dump but that's been pretty normal for years now. Hopefully we can pick up & maybe get past 330 & even into the 340's early in the week?

hardly can label  the weekend activities as a dump, when so far this weekend, we have witnessed quite less than 20k coins being traded in the past 2.5 days (i'm referring to volume on stamp of course).

[Divitiae miserae]

In a "permissioned ledger" (i.e., a distributed mirrored decentralized tamper-resistant database for a closed set of non-anonymous, legally bound entities), transaction processing would be done by the member entities, for whom the service would be compensation enough; and/or by external contractors, who would get paid in dollars through banks, the old-fashioned way.

They already have what you've described. It is called SWIFT.

Yes, I am sure that pretty good solutions that problem were known and used for many years before bitcoin.  Those solutions may not be universally used for many reasons -- including inertia and risk avoidance.  

Or safety.  Delays of hours or days in interbank transfers are an important safety feature, and maybe exist for that reason alone.   When instantaneous transfers are possible, bank hackers and money launderers often take advantage of them, by passing the stolen money through several banks in quick succession, to delay the investigators.  Kidnapping and armed robberies also becomes easier and safer, since the ransom can be paid from the victim's bank account and cashed out before the police becomes aware of the crime.

As far as I'm concerned the delay isn't due to safety issues: since deposits aren't assets for banks but liabilities wire transfers transmit pieces of liabilities which the beneficiary bank has to accept, and to this regard banks have actual accounts open at other banks or, when this isn't the case, there is always a third party that does (which may be another financial institution or the central bank). This is the interbank market with fees (such as the federal funds rate, Euribor, Libor) pricing in the banks creditworthiness.
The transfer orders of the day from the bank A to B are packed into a sheet which is edited in the afternoon and sent to B which will consider it the next work day morning. In the meantime bank B redacts the sheet with the transfer orders from B to A. From time to time only the differences are settled between the accounts of the banks held at each other, or between A, the intermediary and B. If one party goes bankrupt it can't honour its account any more and this affects the solvency of the other party or parties.
There isn't anything even remotely similar to a distributed ledger in this process.

[Divitiae miserae]

The "sheets redaction" is probably automated, partially at least, but there's always an employee or a dedicated section supervising the process given its importance.

[cbeast]

there was like 1billion dollars unaccounted for that the pentagon spend and it wasn't ever recorded...

How soon we forget.

Let's try Two-Point-Frickin-Three-TRILLION dollars.

Announced when? Oh, right. On a date that the following day's news would ensure that nobody noticed.

2001. September. The tenth.

And another 9 trillion. https://www.youtube.com/watch?v=GYNVNhB-m0o

[JayJuanGee]

@adam

can we have another poll pleaeaeaeaseeeeeeee... 

right its been over 2 weeks

what should the poll be?

i gtg 5 yeazr old after the computer again, shes getting one for xmas.

how about asking for speculation regarding BTC price at 5pm Eastern time on Cyber monday, isn't that one week from tomorrow? 


Maybe you can even use some of the same suggested amounts in the current poll?

[ChartBuddy]

Coin



Explanation

[jbreher]

2.3 trillion dollar went to the organisation who run the world. They can do whatever they want with that kind of money.
Bitcoin is nothing comparing to it.

Today. If tomorrow seven billion decide that the use of bitcoin over fiat is in their best interest, it shall come to pass.

The immovable object is demolished by the unstoppable force.

Oh oh... Bitcoin terrorists enraged, coming to get me. Any time left for me to plead, in tears, on my trembling knees, for mercy? I'm scaird

Lolitas with Nagants - points for style.

[Cconvert2G36]

2.3 trillion dollar went to the organisation who run the world. They can do whatever they want with that kind of money.
Bitcoin is nothing comparing to it.

Today. If tomorrow seven billion decide that the use of bitcoin over fiat is in their best interest, it shall come to pass.

The immovable object is demolished by the unstoppable force.

I get that you're speaking metaphorically. But it's important to at least recognize the reality... the system would be completely choked if even a medium sized city adopted bitcoin over fiat. I hear we may double or quadruple things next year tho.

Getting 7 billion acquainted with lightning payment channels settling with the blockchain will also take some time and magic.

[BayAreaCoins]

I think we are on the climb back to $350 or above.

[Cconvert2G36]

we all know their dirty secret is to ban cash and digitalize your influx so they can track tax you better.

Of course but now we have Bitcoin  

So... as long as your salary is paid in bitcoin, and all the things you buy are paid directly with bitcoin (without any identifying information collected in the process), we are FREE from taxation!  

Oh, but wait, we are only replacing central banking, not commercial banking.  

I guess it's back to sitting on our private keys and talking shit about anybody who wants to actually do anything with this invention. At least we're still guaranteed to get filthy rich, very soon™.  

its pretty simple yes:

Unloading our bags on literally children... the killer app!

meh daddy issues much?

yes we all know you prefer in-suit banksters that build big phat corporations, impose their government laws & taxes with their private blockchains.

bequick kiddo, get yourself one of these fancy coinbase bitcoin debit card, maybe they'll even let you choose its color!

I would love to be able to make a poll about which joke was funnier.

Also