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

[Rosewater Foundation]

America I feel sentimental about the Wobblies.

 Well you can always raise a wobbly pop in salut to them.

Lost my sparkle and my ability to drink beer. Totally hosed, eh?

[Torque]

OT : Hey look, even ol' Warren Buffett realizes that the public is not buying his company's stock.

https://www.cnbc.com/2018/07/18/buffetts-berkshire-hathaway-loosens-policy-on-stock-buybacks.html

Get deep into the stock buyback game Warren, it's the only way to fly! Pump your own stock, no Average Joe investors needed!

"Munger, for his part, warned that some companies use repurchases simply to prop up their own stock prices."

Duh, ya think?

[Rosewater Foundation]

OT : Hey look, even ol' Warren Buffett realizes that the public is not buying his company's stock.

https://www.cnbc.com/2018/07/18/buffetts-berkshire-hathaway-loosens-policy-on-stock-buybacks.html

Get deep into the stock buyback game Warren, it's the only way to fly! Pump your own stock, no Average Joe investors needed!

Warren Buffett made his annual stock donation this week to five foundations.

Buffett converted 11,867 Class A shares into about 17.8 million Class B shares in order to make the donation. 13.5 million shares worth about $2.6 billion, based on the stock's closing price Monday of $192 per share, went to the Gates Foundation. Buffett has donated 243.3 million Class B shares to the Gates Foundation, just south of the 500 million shares he's pledged to the charity run by Microsoft founder Bill Gates.

It's a neat trick.

[bitserve]

[ Retarded image repost... AGAIN! ]

You do it on purpose, don't you?

And NO... it's not funny anymore.

[Rosewater Foundation]

Good repost re Bitcoin assets:
http://diyhpl.us/wiki/transcripts/building-on-bitcoin/2018/bitcoin-assets/

[kurious]

Churchill 1939

The second leader after the State of Judea in 1933 to declare war on Germany



For once, can our enemies over the last 100 years at least attack us front on  
or do they not learn, when you sink a ship (happens nearly every war), we will conduct a full on frontal assault

Rinse and repeat hey Churchill

Erm... not sure what you are driving at - or what the 'State of Judea' has to do with it.   Not even sure if by 'attack us' you mean the Third Reich or its successors (or the the Beenie Baby Collectors Club, for all I can tell)  So I had best just ignore all that.

However, I have to correct one fact (these days, I realise facts don't matter to most people, but they do to us old fashioned types):

Churchill did NOT declare war on Germany at all. 

Chamberlain did on the morning of Sept. 3rd 1939.   After - despite promises of no further annexations or invasions of other countries - Germany had invaded Poland. Churchill became Prime Minister later.

I am sure it won't spoil the logic of the conspiracy theory, whatever it was supposed to mean - but kindly at least attack the correct historical figure?

[infofront]

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

There was a study done several years ago in America on the quality of life of the average family who was living below the poverty level. They had internet access, at least one large screen TV, cable or satellite for that TV, at least one car, a computer, a videogame console, air conditioning and heat, and smartphones.

[Torque]

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

There was a study done several years ago in America on the quality of life of the average family who was living below the poverty level. They had internet access, at least one large screen TV, cable or satellite for that TV, at least one car, a computer, a videogame console, air conditioning and heat, and smartphones.

Shhh, quiet you. They need to believe the propaganda they read in the MSM word for word.

https://www.forbes.com/sites/timworstall/2013/06/01/astonishing-numbers-americas-poor-still-live-better-than-most-of-the-rest-of-humanity/#2433319154ef

"However, look at it a little more closely in relation to other countries. We're often told that to be poor in the US is much worse than being poor in the social democracies of Europe. And the bottom 10% in the US are indeed worse off than the bottom 10% in Sweden. But they're better off than the bottom 10% in Germany or France: places where we are told that there is indeed that social democracy.

Maybe there's something for this capitalism red in tooth and claw then: given that it does seem to improve the lives of the poor.

Take another look as well: we know that Russia is where bloated plutocrats loot everything from the country: and yet the bottom 10% in the US have, by this measure at least, better lives than the top 10% in Russia. And the top 10% in Portugal (where I live) and Mexico."

Maybe it's true that the US doesn't do enough for the poor in the US. That's rather a judgement call based upon your own morals. But it's very difficult to see in the actual figures that the US doesn't do enough. The poor in the US are richer than around 70% of all the people extant. The poor in the US are about as poor, perhaps a bit richer, than the poor in other rich countries. It is true that there is more inequality in the US: but this isn't because the poor are poorer. It's because the rich are richer."

The people that are really getting fkd over in the U.S. are the middle class, not the poor.

[xhomerx10]

America I feel sentimental about the Wobblies.

 Well you can always raise a wobbly pop in salut to them.

Lost my sparkle and my ability to drink beer. Totally hosed, eh?

 Eh, hosehead; a toasted back-bacon, hold the toast'll fix you up.

[Rosewater Foundation]

America I feel sentimental about the Wobblies.

 Well you can always raise a wobbly pop in salut to them.

Lost my sparkle and my ability to drink beer. Totally hosed, eh?

 Eh, hosehead; a toasted back-bacon, hold the toast'll fix you up.

That's about the only Canadian cuisine on the menu.

I'm beginning to enjoy more American fare. It's fitting.
https://www.youtube.com/watch?v=hvoagWSOw_Y

This post brought to you by the Kansas Corn Growers Association.
Building the future of corn.

[Syke]

The people that are really getting fkd over in the U.S. are the middle class, not the poor.

Good thing that's only about half of the country.

[infofront]

Saw on /r/bitcoin.

Food for thought.

Very nice.

I linked to an article a while ago about a similar subject - the correlation between gold futures and bitcoin futures. I highly recommend reading it: Bitcoin, futures, and the ghost of gold
TLDR: Bullish as fuck

[V1lpu]

I used to be very confused about Donald Trump until I realized he is the America most Americans actually want. Democracy is odd.

I like how Trump haters diss Donald without understanding that they’re dissing tens of millions US citizen.

[gentlemand]

Saw on /r/bitcoin.

Food for thought.

But gold still hasn't equalled that 1980 high accounting for inflation, which we're told is the point of gold. It would've been $2600 in today's dollars so right now it's worth less than half what you laid out nearly four bleedin' decades ago. That's why I think gold is mainly good for holding down bits of paper if I can't find a rock.

Paper gold turned it to shite.

[Paashaas]

LOL Mastercard 

[jonoiv]

Saw on /r/bitcoin.

Food for thought.

[Smartassette]

Just take the taxes side of things. You can't own the house because of the property taxes. You can't go anywhere without paying the taxes on the gas. You can't leave the country if you owe the IRS.
[...]
So it's fine if you're a statist cuck with no ambition. But it's no place for a sovereign individual.

Sovereign individual, ha! Since when has that ever existed?

So you speak your own language, hunt your own meat, grow your own crops, kill your own invaders, quarry your own stone, harvest your own wood, build your own house, drill your own oil, refine your own petrol, smelt your own iron, engineer your own vehicle, build your own roads, diagnose your own ailments, harvest your own herbs, extract your own medicines, and have no need for any form of money because sovereign individuals have no need for trade?

Let me guess, you even clone your own cells and incubate your own children? Or do come from a long line of immaculate conception?

Are you even born with your own innate knowledge and wisdom, an instinctual master of the world? The little prince, master of your own little planet?

Bitcoin may be trustless but is far far from being sovereign. Bitcoin is as close to socialism as money can be. It utterly depends on an egalitarian network of contributing participants.

It wasn't long ago we lived through feudalism. Your knight or earl was your lord, he had first rights to your bride-to-be, and murder was rarely an offense for insolence. You worked the land to the bone and payed most of your gains in tribute and were the first to starve when crops failed.

It wasn't too long ago we lived through human sacrifice to appease the sun, volcano, or weather gods.

It wasn't long ago we lived through slavery, where the mere color of your skin dictated your legal status.

It wasn't long ago we lived through the caste system, where how you were born is how you would die.

It wasn't long ago we lived through the wild wild west, where natives and settlers and outlaws murdered each other in their sleep with impunity.

It wasn't too long ago whether we were circumcised or not meant life or death in an oven or gas chamber.

It wasn't too long ago we were murdered for being an intellectual, midwife, healer, or believer, swept up in one cultural or social or religious revolution or another.

I guarantee, your ancestors most likely fall into one of those categories, and it's a freaking miracle your little squirt of DNA even made it to this forum.

Sovereign individual indeed.

Today, I pay my fair share of taxes and everyone leaves me the fuck alone.

It is not too high a price to pay, these tax-funded governments and social constructs of ours.

Your ancestors would spit in your face and shit on your grave if they could, to hear you trivialize how far society has come to build the states we live in now and how easy we have had it for the sacrifices they lived through.

All you ignorant, juvenile libertarian, conservative, racist alt-righter fuckers can all go proper fuck yourselves. History is not on your side. Bitcoin is not your personal savior.

You fuckers may be the most vocal, but you are not the majority by any means. Your own neuroses, insecurities and failures drive you to attack or disagree with anyone who might have a shred of thought different from your own carefully constructed house-of-cards conspiracy-theory cult bullshit.

/trigger

Go Bitcoin go.

[fabiorem]

The polarization between left and right is a thing of the past.

Its the first time I see a leftist holding bitcoin. Its not impossible, and actually, it mades sense, if we think that some leftists hate the banking system, and bitcoin came to replace it.

Now the division is between bitcoiners and nocoiners. And the polarization is much higher than the one between left and right. The nocoiner hates bitcoin with a passion, the price can go to three digits and he still will not buy it.

Most nocoiners are also young people, and they have a faith in the State at religious levels. To follow the example of their masters, they acquire debt, lots of it, and live through it in a monastic way, like it was a path to illumination. The religious precept of the nocoiner is "liberation through debt".

[Ibian]

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

There was a study done several years ago in America on the quality of life of the average family who was living below the poverty level. They had internet access, at least one large screen TV, cable or satellite for that TV, at least one car, a computer, a videogame console, air conditioning and heat, and smartphones.

Yeah, modern technology has made life incredibly comfortable for almost everyone and things will only get more efficient from here. But that's simply existing, what humans (and any animal) really craves is reproduction. And women want the top men.

Doesn't matter if "poor" people had ten mansions and twenty private jets, as long as there are people with orders of magnitudes more than that that's who women will choose. It's about relative status. Especially now that there are no restrictions on sexual activity for women.

[Torque]

All you ignorant, juvenile libertarian, conservative, racist alt-righter fuckers can all go proper fuck yourselves. History is not on your side. Bitcoin is not your personal savior.

You fuckers may be the most vocal, but you are not the majority by any means. Your own neuroses, insecurities and failures drive you to attack or disagree with anyone who might have a shred of thought different from your own carefully constructed house-of-cards conspiracy-theory cult bullshit.

Charlie Munger is that you? Awww... poor little Chucky is off his meds and wandering the lawn naked again. Warren needs to help him come back inside. It'll be ok.