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

[Ibian]

Putting aside the racist parts of your rants, I don't see anything the alt-right is obsessed with that would expel usury parasites off the back of humanity. For starters they champion a billionaire president !

Money is not evil, comrade. Otherwise you might be in the wrong place.

Problem is that the POTUS is an orange jew.

He is also a hard K and seems to actually have the interests of his country in mind.

[Last of the V8s]

Instead of racism and name calling, let's talk about bigger world issues.
... AI ...

AI died in the 70's. Basically computers can't er compute. Thus and therefore it's just a sideshow.
whole article and writer is good, but especially this comment https://scottlocklin.wordpress.com/2017/09/02/ai-and-the-human-informational-centipede/#comment-15530

Hate to break it to you, but we're really just getting started with AI. It's utter silliness to say it died in the 70's.

read the article?

[Ibian]

...
A study like that would never get funding (or ethical approval, probably), but we can hypothize easily enough: it takes a minimum level of smarts to understand bitcoin and money at the same time and to operate both safely. Done and done.

As for the chart, classic pareto distribution (pareto is now a word, spellcheck. no i did not mean to type potato.). It seems like a law of nature. Jordan Peterson talks about it, fascinating stuff.

I agree that the topic of the study would be too politcally incorrect in order to get funded  
However, I disagree with the second part of your statement.

In order to use Bitcoin you don´t really need an outlier IQ. A person with a slightly sub-average IQ (let´s say 90) may not
understand the technical details of Bitcoin, but will be able to operate a Coinbase account or a blockchain.info wallet.
The same is valid for sites like Circle where the user of the service may not even be aware that the whole
project is based on Bitcoin.

Yes, pareto distribution is really a fascinating topic!

I didn't say outlier iq, just a minimum level of smarts. I deal in person with bitcoiners regularly and I have so far only met one person who I would not classify as an intelligent and conscientious person. But think of how dumb the average person is, and then realize that half the population is even dumber than that.

Personality probably also plays a role in how well people handle it, but that's still in the hypothetical.

[practicaldreamer]

.. from a man who reviewed Bitcoin code in 2008.

Cryddit surely ?

[rjclarke2000]

Who the hell is Milo?

[practicaldreamer]

.. from a man who reviewed Bitcoin code in 2008.

Cryddit surely ?

Definitely Cryddit - 'Once Bitcoin became successful, there were copycats. More than three thousand short-lived cryptocurrencies using the same protocol have been launched. At this date most are no longer extant. For a while I tried to keep track of them as they passed, and tried to record at least a few words about how and why each one failed. But I couldn't keep up, and besides, it was too depressing.'


Its legit.

[Wekkel]

'[...] besides, it was too depressing.'

I am sensing some strong convictions about what freedom should be all about.

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

[Ibian]

Who the hell is Milo?

A gay jew on the right who likes to trigger people.

[practicaldreamer]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

[xhomerx10]

https://www.cryptocoinsnews.com/chinese-bitcoin-exchange-executives-banned-leaving-country-report/

I wonder when the disappearings begin.  How sadly oppressive.

[Ibian]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am here for a really huge quick buck which will only be possible if my belief in the bitcoin fundamentals are correct and obviously our Great Leaders won't like something they can't control. Does that count?

[practicaldreamer]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am here for a really huge quick buck which will only be possible if my belief in the bitcoin fundamentals are correct and obviously our Great Leaders won't like something they can't control. Does that count?

So long as you aren't trying to lead anyone up the garden path on the way, then yes, I can't see why that wouldn't count Ibian.

After all, your belief in the bitcoin fundamentals and your making a really huge quick buck are not mutually exclusive.

But pssst ... when you cash out don't cash out to dollars hey ? Maybe property or something.

[Ibian]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am here for a really huge quick buck which will only be possible if my belief in the bitcoin fundamentals are correct and obviously our Great Leaders won't like something they can't control. Does that count?

So long as you aren't trying to lead anyone up the garden path on the way, then yes, I can't see why that wouldn't count Ibian.

After all, your belief in the bitcoin fundamentals and your making a really huge quick buck are not mutually exclusive.

But pssst ... when you cash out don't cash out to dollars hey ? Maybe property or something.

I follow the SSS method. Small part fiat for actually living, mostly bitcoin. Forever and ever. Unless we hit millions and what a lovely problem that would be.

[Torque]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

[Last of the V8s]

https://twitter.com/jonmatonis/status/910564200254144514

oo. Cryddit. big blocks guy. satoshi's vision stuff. god i'm slow

[Ludwig Von]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Question is of course if they will allow us to hedge against their wrongdoings. Imagine what will happen when their bubbles, stawks, real estate, bonds and not to forget, debt, pop all together at the same time... .

[Ibian]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Question is of course if they will allow us to hedge against their wrongdoings. Imagine what will happen when their bubbles, stawks, real estate, bonds and not to forget, debt, pop all together at the same time... .

It will be glorious.

[Wekkel]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

[Ludwig Von]

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?

[Wekkel]

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?

For now, that seems the most probable scenario to me.