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

[AZwarel]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))

You mean lead. For bullets.

[Torque]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))

Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold?  Which would be easier?  Hmmm?

[DieJohnny]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))

Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold?  Which would be easier?  Hmmm?

How do you buy bitcoin in Aleppo, solar powered, satellite smartphone?

[Torque]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))

Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold?  Which would be easier?  Hmmm?

How do you buy bitcoin in Aleppo, solar powered, satellite smartphone?

Smartphones work in Aleppo.  Some girl was supposedly Instagramming from there.

How would you buy gold there and smuggle it out? Oh right, you can't.

[r0ach]

Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold?  Which would be easier?  Hmmm?

I was looking into bitcoin in Venezuela after hearing people claim you could buy months of food for 1oz of silver.  I looked into what bitcoin was going for there thinking it would also have a huge premium and it seems instead of a premium, bitcoin goes for less money than in normal, functioning countries lol.  I guess it makes sense because complex systems don't jump to more complexity when they implode (bitcoin), they go back to a more simple state.

[Paashaas]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts. There is an end-less supply of gold sitting in all those asteroids together with other ''precious'' metals.

[BlindMayorBitcorn]

Why are silver stackers so eager to see the world implode. Is it the shiny finish?

[r0ach]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

Can you guys stop freebasing crack before you talk about economics?  Earth is mostly a closed ecosystem and anything you're dragging in from the cosmos is going to have orders of magnitude higher cost of production.  The original moon landing was 1969, so we're already 50 years after that date and the level of progress in moon mining is laughable.  

You also need to process around 10-100 tons of rock just to get an ounce of gold.  You going to do all that out in space or do you plan to just crash giant asteroids into the surface of the earth and kill everyone?  Feel free to go mine gold at the cost of production of $10 million an ounce and having to build nuclear power plants out in space to process all the rocks!  Or do you plan to constantly drag Saudi oil tankers into space with you to raise cost of production even higher?

[BlindMayorBitcorn]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

droppings

Moon Express has all the capital it needs to land on the moon in November or December of 2017. "The company's goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations."

[OROBTC]

Aleppo is currently a war zone. Which do you think the refugees would currently be better off trying to smuggle out of the city, bitcoin or gold?  Which would be easier?  Hmmm?

I was looking into bitcoin in Venezuela after hearing people claim you could buy months of food for 1oz of silver.  I looked into what bitcoin was going for there thinking it would also have a huge premium and it seems instead of a premium, bitcoin goes for less money than in normal, functioning countries lol.  I guess it makes sense because complex systems don't jump to more complexity when they implode (bitcoin), they go back to a more simple state.

A big problem for outsiders re BTC and Venezuela (same comment from here as to re Aleppo) is that Venezuela has nothing to offer (other than large oil exports, though getting smaller, to China, etc.).  So someone wants to send BTC to their family in Venezuela.  How do they spend it there, who would take it?  

If you were to try to send BTC, and get something worthwhile for it, how?  Venezuelans can barely export themselves!  They would not be allowed to bring out (nor send out) anything of value.  PERHAPS one could travel there and spend BTC to the right people (hotel owners), but that just would mean a cheaper trip...

Gold & silver would be more accepted there, but what would you get for it?  Coke & hookers?

Re taking gold out of Venezuela could probably only be done in small quantities (say 0.25 - 0.5 oz per trip: metal detectors at the airport!).

BTC could be taken out as well, either in a small hardware wallet or even a cloud wallet like blockchain.info.

[gembitz]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

droppings

Moon Express has all the capital it needs to land on the moon in November or December of 2017. "The company's goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations."

^MOONS OF JUPITER ===> $1300 BREAKOUT!!! :-D HODL !!!

[BlindMayorBitcorn]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

droppings

Moon Express has all the capital it needs to land on the moon in November or December of 2017. "The company's goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations."

^MOONS OF JUPITER ===> $1300 BREAKOUT!!! :-D HODL !!!

[r0ach]

I'm disappointed.  Jbreher is like the smartest of you apes and this was a pretty feeble attempt at trying to portray bitcoin as having traits of money equal or better than metals:

The fact that bitcoin can be so called "upgraded", which really just means changed, means it's not anti-fragile by default.  

On this point, you minsunderstand the definition of anti-fragile. By definition, in order to be anti-fragile, a thing must be able to evolve.

No, it does not.  Money is supposed to be boring - it's not supposed to "evolve" from a metal bar into a tarantula when you look away to the TV then back to it.  If it evolves it's not fungible, and what the hell is the molding force causing this evolution?  It's definitely not a nash equilibrium.  There would always be holdouts or people who want to evolve differently, and then the entire thing is just complete arbitrary nonsense of what cutoff level you set for voting.  That's mob rule, not anti-fragile.

Voting doesn't belong in money.  Voting is nothing but an attack vector.  It's like that sig you sometimes see that says "democracy is the original 51% attack".  A fork isn't an upgrade, it's an attack sanctioned by mob rule.  You have mob rule of the proletariat (users) vs oligarchy of capital owners (mining cartel).  The second these two factions have to come to the table against one another you probably just end up with a rough consensus attack and the whole thing blows up anyway because their interests are not aligned whatsoever.

If miners believe it's required to add inflation to bitcoin to fix the security model (which it probably is), then they would probably do something like that, while a giant portion of users wouldn't want their coins inflated and would switch to something completely different like proof of stake.  There is no fungibility, consistency, or anti-fragility in any of this.

[gembitz]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

droppings

Moon Express has all the capital it needs to land on the moon in November or December of 2017. "The company's goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations."

^MOONS OF JUPITER ===> $1300 BREAKOUT!!! :-D HODL !!!

^$1300 there is no walls ~ pluto likely * :-D

[NathanJB]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts.

droppings

Moon Express has all the capital it needs to land on the moon in November or December of 2017. "The company's goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations."

^MOONS OF JUPITER ===> $1300 BREAKOUT!!! :-D HODL !!!

^$1300 there is no walls ~ pluto likely * :-D

We need to get to Pluto before March 8 please. 

[Karartma1]

See the big picture ahead of you

[tabnloz]

I start to worry when that meme gets repeated airings.

[Searing]

I start to worry when that meme gets repeated airings.

Yep....keanu reeves could pretty much kill BTC just from excessive memes...he is evil....lol )

[rjclarke2000]

I start to worry when that meme gets repeated airings.

Yep....keanu reeves could pretty much kill BTC just from excessive memes...he is evil....lol )

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....


Small dump? Large dump?

[bones261]

I start to worry when that meme gets repeated airings.

Yep....keanu reeves could pretty much kill BTC just from excessive memes...he is evil....lol )

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....


Small dump? Large dump?

2014 deja vu.