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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330024 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
Ibian
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April 17, 2018, 02:11:30 PM
Merited by ssmc2 (1)


So, what's the alternative to capitalism in your book? Cause I don't see anything wrong with it. It's the only system, if unobstructed, that self-regulates. Everything else is artificially steered by humans, humans that are inherently incapable of seeing the bigger picture of all the interactions in a system as complex as our planet. And so far I haven't even read about anything that comes even remotely close to capitalism.

Democracy on the other hand... is just the opposite extreme of authoritarian regimes and ultimately not much different.

Capitalism self-regulates just fine in some cases, like it will determine the number of barbershops in a town. But there are other cases: bank runs, monopolies, etc.
Bank runs are only a problem because banks lend out 50 times more than they have.
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Last of the V8s
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April 17, 2018, 02:22:17 PM

https://twitter.com/Pepillionaire/status/985400164046327808 Nice. South Park meets btc advice.
twitter is intermittently broken, so meanwhile, on capitalism:

https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5
Quote
Conclusion

Bitcoin’s main benefit to society can be understood as bringing back sound money. Sound money allows for capital accumulation which allows for investment, leading to better goods and services for less effort. This, in turn, benefits all of civilization. We’re not there yet, but this is the main value proposition.

Contrast this to our society which is based on fiat money and you can see the difference. Instead of a large number of rent seekers, we instead get entrepreneurs. Instead of people playing zero sum games, we get innovations that add to the pie.

In short, Bitcoin works because Bitcoin is sound money. And sound money changes everything. Bitcoin will change the role of government, how people relate to one another, how people will perceive the future, how everyone will plan, etc. Bitcoin is nothing less than a complete upheaval of the current fiat system with large second and third order effects that incentivize building instead of rent-seeking.

Welcome to the revolution.
jojo69
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April 17, 2018, 02:36:45 PM

Not to mention the landfill mountain of debt money fueled garbage products.

It is impossible to make a profit manufacturing items of real quality in this environment.  When the money is meaningless, and constantly devaluing, people will buy anything.

The ecological consequences of the fiat system have been profound, it can't end soon enough.
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April 17, 2018, 02:40:28 PM


So, what's the alternative to capitalism in your book? Cause I don't see anything wrong with it. It's the only system, if unobstructed, that self-regulates. Everything else is artificially steered by humans, humans that are inherently incapable of seeing the bigger picture of all the interactions in a system as complex as our planet. And so far I haven't even read about anything that comes even remotely close to capitalism.

Democracy on the other hand... is just the opposite extreme of authoritarian regimes and ultimately not much different.

Capitalism self-regulates just fine in some cases, like it will determine the number of barbershops in a town. But there are other cases: bank runs, monopolies, etc.
Bank runs are only a problem because banks lend out 50 times more than they have.

It's just an example of an unstable system. There are plenty of such examples, aside from banks. Sometimes a small problem for a company might create a self-fulfilling prophecy, and lead to bigger and bigger problems.
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April 17, 2018, 02:55:01 PM

https://www.youtube.com/watch?v=pMVYFPEbLVo Pornhub and Verge Cryptocurrency - The Future has Cum
pl halp i wanna go home nao kthx
infofront
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April 17, 2018, 02:58:47 PM


And if you complain about migrants on facebook or twitter, you go to jail. At least in germany and england, same pattern everywhere, just a matter of degrees.

Slight exaggeration. If true, the 51.9% of UK population who voted for Brexit primarily due to immigration concerns would be in jail.  You can complain about migrants, it's racism which is illegal and rightly so.

In other news....it's a sea of green in cryptoland  Grin

Racism is illegal? Despite our problems, I'm often glad I live in America, where at least we have truly free speech.
Ibian
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April 17, 2018, 03:01:32 PM


So, what's the alternative to capitalism in your book? Cause I don't see anything wrong with it. It's the only system, if unobstructed, that self-regulates. Everything else is artificially steered by humans, humans that are inherently incapable of seeing the bigger picture of all the interactions in a system as complex as our planet. And so far I haven't even read about anything that comes even remotely close to capitalism.

Democracy on the other hand... is just the opposite extreme of authoritarian regimes and ultimately not much different.

Capitalism self-regulates just fine in some cases, like it will determine the number of barbershops in a town. But there are other cases: bank runs, monopolies, etc.
Bank runs are only a problem because banks lend out 50 times more than they have.

It's just an example of an unstable system. There are plenty of such examples, aside from banks. Sometimes a small problem for a company might create a self-fulfilling prophecy, and lead to bigger and bigger problems.
It has nothing to do with capitalism. What banks do is fraud, and anyone else would go to jail over it.
Ibian
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April 17, 2018, 03:03:31 PM
Merited by explorer (1)


And if you complain about migrants on facebook or twitter, you go to jail. At least in germany and england, same pattern everywhere, just a matter of degrees.

Slight exaggeration. If true, the 51.9% of UK population who voted for Brexit primarily due to immigration concerns would be in jail.  You can complain about migrants, it's racism which is illegal and rightly so.

In other news....it's a sea of green in cryptoland  Grin

Racism is illegal? Despite our problems, I'm often glad I live in America, where at least we have truly free speech.
No you don't. Not since the invention of hate speech.
infofront
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April 17, 2018, 03:10:55 PM


And if you complain about migrants on facebook or twitter, you go to jail. At least in germany and england, same pattern everywhere, just a matter of degrees.

Slight exaggeration. If true, the 51.9% of UK population who voted for Brexit primarily due to immigration concerns would be in jail.  You can complain about migrants, it's racism which is illegal and rightly so.

In other news....it's a sea of green in cryptoland  Grin

Racism is illegal? Despite our problems, I'm often glad I live in America, where at least we have truly free speech.
No you don't. Not since the invention of hate speech.

Hate speech is still legal and protected speech.
Last of the V8s
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April 17, 2018, 03:15:06 PM


Localbitcoins went all kyc/aml.
At least they tell you about the info retention. Other firms, not so much.
afaiac, they were always mitm-bait.
The twitterati are recommending hodlhodl and bisq now instead.
But otc for the win, it's the only way to be sure.
BobLawblaw
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April 17, 2018, 03:27:07 PM

It is impossible to make a profit manufacturing items of real quality in this environment.

Not true. Look at high end sports car manufacturers for example. It's arguable quality and bang-for-buck increases as technology improves.

Porsche is doing quite well, for a specific example.

Mind you, we're dealing with niche products here, but I take umbrage with your outlook. You can certainly buy extremely high quality products, although expect to pay premium prices.

Another example. Apple. They are making money hand-over-fist putting out quality hardware.


Part of the reason I retired early. I could not stand working for ((( them )))

I've never seen more hypocrisy or backwards thinking in my entire life before ((( they ))) came into my professional sphere.

((( They ))) are now requiring diversity quotas, and I've heard stories of qualified candidates being rejected for minorities/people of color, with subpar work ethics and technical skills.

Can you imagine being a manager in charge of hiring. Have a white male that checks every single one of your boxes for skills/requirements and has the resume to back it up, but are forced to hire a minority with substandard education and work ethics, straight out of school ?

This is what is happening in Silicon Valley / San Francisco right now.

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April 17, 2018, 03:48:40 PM

American bank Goldman Sachs raises profits by more than a quarter


Dutch news www.nu.nl



Yea Damn they makes profits with there fake news bringin the price down And buying cheap in


Fuckerssssss
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April 17, 2018, 03:49:17 PM
Merited by Dunkelheit667 (2), explorer (1), Last of the V8s (1)

meh, edge cases

In almost every industry the quality of even the very finest examples are being dragged down by the lowest common denominator.

$700 Hilti drill has plastic gears

No dial indicators currently being manufactured to historical standards

Antique machine tools are being rebuilt for industry as machines of similar quality can not be procured at any price.

I believe the debt money is the primary cause of our state of industrial decline.




also...Apple?, quality hardware?  really Bob?
Ibian
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April 17, 2018, 03:57:49 PM


And if you complain about migrants on facebook or twitter, you go to jail. At least in germany and england, same pattern everywhere, just a matter of degrees.

Slight exaggeration. If true, the 51.9% of UK population who voted for Brexit primarily due to immigration concerns would be in jail.  You can complain about migrants, it's racism which is illegal and rightly so.

In other news....it's a sea of green in cryptoland  Grin

Racism is illegal? Despite our problems, I'm often glad I live in America, where at least we have truly free speech.
No you don't. Not since the invention of hate speech.

Hate speech is still legal and protected speech.
Doesn't change that it influences how long you go to jail for any number of crimes. Not to mention that people lose their jobs over it, even when nothing illegal has been done.

Reality matters, not ideas that are not enforced.
Ibian
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April 17, 2018, 04:02:49 PM

Another example. Apple. They are making money hand-over-fist putting out quality hardware.
They primarily sell a lifestyle, an idea. A feeling of belonging to a group. And nothing wrong with that, but let's be realistic about it.
BobLawblaw
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April 17, 2018, 04:10:42 PM
Last edit: April 17, 2018, 05:20:52 PM by BobLawblaw

also...Apple?, quality hardware?  really Bob?

Yes. Proprietary as all hell, but consider their MacOS systems practically bulletproof for my day-to-day purposes.

I would choose a Mac system over a PC system for professional work any day. Only use PC's for gaming now.

The iPhone X, on the other hand, well, I really want to like it, but that fucking retarded front facing camera / 3D scanner section taking a chunk out of the screen real-estate is some of the most intrusive design I've ever seen.
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April 17, 2018, 04:29:26 PM

Good mention from IMF head and a praise to Sharia Law possible catalyst to recent price action? Or the tax day theory?

7900 seems like pretty strong support imo
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April 17, 2018, 04:38:53 PM

Good mention from IMF head and a praise to Sharia Law possible catalyst to recent price action? Or the tax day theory?

7900 seems like pretty strong support imo

Interesting thing about the IMF's recent support of blockchain is that the head of the IMF is advised by a french libertarian, Gaspard Koenig. Gaspard just recently joined Blue Frontiers as an adviser and has been a big supporter of seasteading since he first heard about it.
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April 17, 2018, 04:48:19 PM

It has nothing to do with capitalism.

Why not? Stable, self-correcting systems (negative feedback) are part of capitalism. But unstable (positive feedback) systems exist within capitalism just as well.
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April 17, 2018, 05:07:23 PM

Good mention from IMF head and a praise to Sharia Law possible catalyst to recent price action? Or the tax day theory?

7900 seems like pretty strong support imo

Interesting thing about the IMF's recent support of blockchain is that the head of the IMF is advised by a french libertarian, Gaspard Koenig. Gaspard just recently joined Blue Frontiers as an adviser and has been a big supporter of seasteading since he first heard about it.

I don't know who this is but I think you have to consider the possibility that he's just in it for the dancing girls.

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