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

[julian071]

Source : http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoin

What's shocking and ridiculous is that upwards of $100 billion in electricity is squandered globally annually on stand-by devices and other painfully obvious sources of waste.

But this attracts essentially zero concern or commentary.

Do you notice any asymmetry in the scrutiny being applied to the status quo and to bitcoin et al.? The status quo-- wasteful beyond measure--is just fine: nobody questions the staggering waste built into the status quo, from hundreds of millions of devices consuming electricity but doing no work to hundreds of millions of vehicles idling in traffic for hours each and every day across the globe--nope, the really big issue is bitcoin / blockchain consumption.

Does anyone question how much electricity the vast server farms of Google and Facebook consume in order to serve up adverts and store photos of puppies and kittens? And how about the energy consumed by the NSA and the dozens of National Security agencies that have proliferated over the past 16 years? How much coal gets burned to serve adverts, archive photos of puppies and kittens, and store billions of emails, phone calls to Aunt Sadie, etc. for future analysis? (Dear old Sadie could be a jihadist--ya never know...)

Yep, the hypocrisy is insane.

Like when all the first world countries have to adhere to things like The Paris Climate Agreement and all these overly restrictive climate and anti-pollution regulations for industry, cars, etc. Meanwhile China and India get a pass to pump out UNGODLY MASSIVE amounts of global pollution from industry and vehicles that dwarf anything that the rest of the world is doing, and no one says a word... unbelievable.

AFAIK both China and India signed the Paris agreement, in fact the US is now the only country that hasn't.

Also, India produces half the amount of CO2 the US does, while China doubles it. If you look at that per capita, China produces half the amount of CO2 the US does per capita, and India one eighth. That should give some measure of pollution, but should be corrected for the much more high tech way that the US produces.

Don't underestimate the environmental cost of the American way of living. For example, the per capita CO2 production of the European Union is less then half that of the US.

[bitebits]

Maybe but it's still a really good site. Maybe we can throw money at them to fix it up.

 Why not just use a site that does get updated?

https://cryptowat.ch/

It's pretty awesome (and yet somehow Kraken - go figure)

Kraken has proven to be a secure platform, at least when it comes to not getting hacked.
I am sure it hurts them the most watching customers move to competitors because of the poor platform performance.

Funny when you think about it. Kraken is around since 2012 bit still did not see the herd coming.
I will happily be back at Kraken buying bitcoins, they should be more transparent though during the upgrade process.

About Cryptowatch

Cryptowatch is a cryptocurrency charting and trading platform owned by Kraken. Our system serves live data on 400+ markets to clients around the world.

Cryptowatch was originally founded in 2014 and developed by Artur Sapek in New York.

[Torque]

If you look at that per capita, China produces half the amount of CO2 the US does per capita, and India one eighth. That should give some measure of pollution, but should be corrected for the much more high tech way that the US produces.

Don't underestimate the environmental cost of the American way of living.

Eh... I'll take my chances in the US.

[Phil_S]

I feel we're going back to 11!

[ivomm]

https://www.bloomberg.com/news/articles/2017-12-01/bitcoin-futures-to-start-trading-as-regulators-rush-to-catch-up

[aesma]

Source : http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoin

What's shocking and ridiculous is that upwards of $100 billion in electricity is squandered globally annually on stand-by devices and other painfully obvious sources of waste.

But this attracts essentially zero concern or commentary.

Do you notice any asymmetry in the scrutiny being applied to the status quo and to bitcoin et al.? The status quo-- wasteful beyond measure--is just fine: nobody questions the staggering waste built into the status quo, from hundreds of millions of devices consuming electricity but doing no work to hundreds of millions of vehicles idling in traffic for hours each and every day across the globe--nope, the really big issue is bitcoin / blockchain consumption.

Does anyone question how much electricity the vast server farms of Google and Facebook consume in order to serve up adverts and store photos of puppies and kittens? And how about the energy consumed by the NSA and the dozens of National Security agencies that have proliferated over the past 16 years? How much coal gets burned to serve adverts, archive photos of puppies and kittens, and store billions of emails, phone calls to Aunt Sadie, etc. for future analysis? (Dear old Sadie could be a jihadist--ya never know...)

He has a point but some bad examples. Most people will say that Google and Facebook do actually offer them something and so the electricity is not wasted.

Idling cars : something has been done about it called a stop-start system.

[Torque]

https://www.bloomberg.com/news/articles/2017-12-01/bitcoin-futures-to-start-trading-as-regulators-rush-to-catch-up

But... but.. tulips? Beanie babies? Mississippi swamp land?

[gembitz]

$12,000 BTCBTCstreet price :-D weeeee lets gogogogogoog<<<<

[bitebits]

new WOT drinking game

take a shot every time we cross $10K!!

Luckily I did not join your game, would have been very drunk by now..
Did someone keep the count?

Edit: Spaceman_Spiff did:
https://bitcointalk.org/index.php?topic=178336.msg25540616#msg25540616

[gembitz]

new WOT drinking game

take a shot every time we cross $10K!!

Luckily I did not join your game, would have been very drunk by now..
Did someone keep the count?

drunk posting all time highz is for the birds :-D $11,OOO ===>smack the ask!!

[julian071]

https://www.businessinsider.nl/bitcoin-price-futures-trading-exchanges-cftc-2017-12/?international=true&r=US

News from 52 minutes ago.

Imma gonna buy me a nice popcorn maker.

[Torque]

https://www.businessinsider.nl/bitcoin-price-futures-trading-exchanges-cftc-2017-12/?international=true&r=US

News from 52 minutes ago.

Imma gonna buy me a nice popcorn maker.

Thanks for the update. Dec 18th!  

What kind are ya getting? I love gadgets.

[xhomerx10]

new WOT drinking game

take a shot every time we cross $10K!!

Luckily I did not join your game, would have been very drunk by now..
Did someone keep the count?

 I was playing.   Three shots including my breakfast tuica... Not as fun as I thought it would be.

[BitcoinBunny]

So we could be seeing a big weekend potentially.

Glad I have nothing planned.

 

[Meuh6879]

9000 euros.

[Beyn]

If you look at that per capita, China produces half the amount of CO2 the US does per capita, and India one eighth. That should give some measure of pollution, but should be corrected for the much more high tech way that the US produces.

Don't underestimate the environmental cost of the American way of living.

Eh... I'll take my chances in the US.

http://cdn.theatlantic.com/assets/media/img/posts/2014/04/USChinaPollution/89ec37ad7.png

Do you know what means "per capita"?

[Torque]

Has anyone see this man?

[BitcoinBunny]

Man I love Breaking Bad so much.

Except for a few episodes in season 3 bringing Gustav and Michael back Better Call Saul sucks so much in comparison. It's like watching paint dry mostly.

[_javier_]

https://www.bloomberg.com/news/articles/2017-12-01/bitcoin-futures-to-start-trading-as-regulators-rush-to-catch-up

But... but.. tulips? Beanie babies? Mississippi swamp land?

it seems Bloomberg cant use enough the word MANIA..

in their charts/pics.. its always BITCOIN MANIA... FU! (insert Roger pic here)

[Biro Bob]

Of course, it's normal for things to get very cheap on the black market once they become illegal.