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

[Bitmore]

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.

Bingo!!!
GOOD MAN!!!!

You won the post of the week!!!

So there are some very obvious truths that you mention.
There is also FUD from people who have an agenda which counts on FEAR.

I am HODLing!!!!!!

[d_eddie]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

[Ibian]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

Again. Colored boxes.

Go actually take an iq test, then come back.

[BlindMayorBitcorn]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

[JayJuanGee]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

Tell me what you are going to do, BMB, in order that I can do the opposite.   

Buy?  Sell?


And, don't be working me with any reverse psychology.  Come straight with me.    

[BlindMayorBitcorn]

Go actually take an iq test, then come back.

I'm back. 80 is good. Right?

Tell me what you are going to do, BMB, in order that I can do the opposite.   

Buy?  Sell?


And, don't be working me with any reverse psychology.  Come straight with me.    

I'm not a trader, Jay. I don't do anything. I just hang around cracking wise and hodling.

[BlindMayorBitcorn]

I haven't been verified on an exchange since Vault of Satoshi shuttered.

[Meuh6879]

I like Vault.

[BlindMayorBitcorn]

^I haven't played a video game since Bioshock. That's why I'm afraid of Elwar.

[bones261]

^I haven't played a video game since Bioshock. That's why I'm afraid of Elwar.

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

[BlindMayorBitcorn]

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

[bones261]

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

Don't talk about my girlfriend like that.  She was my best friend in High School. I had some good friends that were D&D characters, but they kept getting killed off.

[gembitz]

Last video game I played was Ms Pacman.   (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

Don't talk about my girlfriend like that.   She was my best friend in High School. I had some good friends that were D&D characters, but they kept getting killed off.

BTCitnet    Lol

https://en.wikipedia.org/wiki/BITNET

d&d? >.>

https://en.wikipedia.org/wiki/MUD

[Torque]

So looks like we have a triangle closing in on 3950 within 24 - 48 hrs.

Break up or down?

[gembitz]

So looks like we have a triangle closing in on 3950 within 24 - 48 hrs.

Break up or down?

flying sidewayzzzzz    (((wait for china to cover their short zzz

[LewisPirenne]

Last video game I played was Ms Pacman.   (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

Don't talk about my girlfriend like that.   She was my best friend in High School. I had some good friends that were D&D characters, but they kept getting killed off.

BTCitnet    Lol
https://en.wikipedia.org/wiki/BITNET
d&d? >.>
https://en.wikipedia.org/wiki/MUD

Damn, MUD, BBS, Usenet, 2.4K baud modem, some of us are revealing our age here.   

[BlindMayorBitcorn]

Anybody that remembers this sound is too damn old now.

[Elwar]

Last video game I played was Ms Pacman.   (Although it was only a few weeks ago.)

That pill-popping hussy ruined my childhood.

Don't talk about my girlfriend like that.   She was my best friend in High School. I had some good friends that were D&D characters, but they kept getting killed off.

BTCitnet    Lol
https://en.wikipedia.org/wiki/BITNET
d&d? >.>
https://en.wikipedia.org/wiki/MUD

Damn, MUD, BBS, Usenet, 2.4K baud modem, some of us are revealing our age here.   

I created my own MUD. The Four Lands. Strangely enough it's still running. Run by the person I handed it off to.

ISCABBS for me 

[LewisPirenne]

Anybody that remembers this sound is too damn old now.

Believe it or not, I have a fax machine right next to me that makes exactly this sound, if I choose to use the handset instead of panel to make an analog dial call.
 
I forgot to add that it does not even have those "tone" sound when making a dial.  It's more like those "pulse dialing", https://en.wikipedia.org/wiki/Pulse_dialing ,
making those rotary dialing "clicking sound" that last forever when you dial something like "8" or "9".

[Elwar]

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.

Ironically enough, we were looking into creating a cryptocurrency for our seastead and one proposed solution to the high volatility that would come with a new currency with no market was to use bitcoin as a reserve currency.