Bitcoin Forum
March 29, 2024, 05:06:49 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 20717 20718 20719 20720 20721 20722 20723 20724 20725 20726 20727 20728 20729 20730 20731 20732 20733 20734 20735 20736 20737 20738 20739 20740 20741 20742 20743 20744 20745 20746 20747 20748 20749 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 [20767] 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 20782 20783 20784 20785 20786 20787 20788 20789 20790 20791 20792 20793 20794 20795 20796 20797 20798 20799 20800 20801 20802 20803 20804 20805 20806 20807 20808 20809 20810 20811 20812 20813 20814 20815 20816 20817 ... 33205 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336847 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. (170 posts by 1 users with 9 merit deleted.)
Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2384


Viva Ut Vivas


View Profile WWW
July 19, 2018, 08:15:19 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?


Aliens would understand bitcoin. Because that's how their money works.

#alientech
#satoshiwasanalien
1711688809
Hero Member
*
Offline Offline

Posts: 1711688809

View Profile Personal Message (Offline)

Ignore
1711688809
Reply with quote  #2

1711688809
Report to moderator
1711688809
Hero Member
*
Offline Offline

Posts: 1711688809

View Profile Personal Message (Offline)

Ignore
1711688809
Reply with quote  #2

1711688809
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711688809
Hero Member
*
Offline Offline

Posts: 1711688809

View Profile Personal Message (Offline)

Ignore
1711688809
Reply with quote  #2

1711688809
Report to moderator
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
July 19, 2018, 08:24:27 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."
Humans are weird. To get an idea of just how weird, look up The Deathworlders. Ongoing monthly sci-fi with aliens that are in some ways more human than human.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
July 19, 2018, 08:25:09 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.
V1lpu
Member
**
Offline Offline

Activity: 332
Merit: 12


View Profile
July 19, 2018, 08:30:32 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

They would understand the point of accumulating gold as payment instrument. What you would say about Rai Stones?

https://en.wikipedia.org/wiki/Rai_stones
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
July 19, 2018, 08:30:58 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the god kings (or whatever they were)

Torque
Legendary
*
Offline Offline

Activity: 3528
Merit: 5033



View Profile
July 19, 2018, 08:34:48 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Warren Buffett made this exact argument about gold.

The thing is though, any civilization of beings sufficiently advanced above a barter system would need *something* (physical or digital) to store work value as money. It doesn't matter what the thing is, it just has to exhibit all the essential properties (e.g., rare/scarcity, fungibility, durability, divisibility, secure, proof of work, etc., etc.) for that race's encapsulated existence. Shared belief among the beings does the rest. It's all about shared belief that something has value, because the thing in and of itself really doesn't.

It becomes more of a problem on a galactic scale, of course, unless you control the whole galaxy. Then you can dictate the universally accepted monetary system.
bitserve
Legendary
*
Offline Offline

Activity: 1806
Merit: 1454


Self made HODLER ✓


View Profile
July 19, 2018, 08:37:01 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the gods (or whatever they were)



Yeah... that made them realise we were stupid beyond any hope and be gone leaving us with our useless metals. Some day they will be back and take all our precious Bitcoin. THAT will hurt.
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
July 19, 2018, 08:38:33 PM

I was thinking about that the other day. Imagine an alien watching us humans as we travel through space gathering gold.

"Why do they expend so much time and resources to gather that metal? Is it vital to their survival? Do they need it for food or to reproduce?"

"No, they just gather it and hide it away in metal boxes so that other humans don't take it."

Isn't it the same with bitcoin?
Yeah except bitcoin actually has value and practical utility.

Originally we collected gold for the gods (or whatever they were)



Yeah... that made them realise we were stupid beyond any hope and be gone leaving us with our useless metals. Some day they will be back and take all our precious Bitcoin. THAT will hurt.


You sure they want the bitcoin

The ancient gods used our female women to create the nephelim

If you believe in such Bibles


This became a commodity of very significant galactic consequences



as with human trafficking today this would be a galactic problem among any race

fabiorem
Sr. Member
****
Offline Offline

Activity: 1400
Merit: 347


View Profile
July 19, 2018, 08:47:28 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.
bitcoinPsycho
Legendary
*
Offline Offline

Activity: 2436
Merit: 2015


$120000 in 2024 Confirmed


View Profile
July 19, 2018, 09:05:41 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.

Um.   gold is an element is it not
bones261
Legendary
*
Offline Offline

Activity: 1806
Merit: 1826



View Profile
July 19, 2018, 09:17:44 PM

Gold in asteroids might have other properties, due to it being in space. Maybe cosmic rays can change its characteristics. But then it will not be gold anymore, but another metal.

Um.   gold is an element is it not

Yes, gold is an element. If a cosmic ray hit a gold atom, there is a chance that it could transmute it into another element. However, since most of the gold would be beneath the surface of an asteroid, I doubt the cosmic rays will be able to penetrate very far.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
July 19, 2018, 09:21:23 PM

All accessible gold on earth comes from meteorite bombardment 200 million years after the earth’s formation.   All of our gold comes from space.

https://www.sciencedaily.com/releases/2011/09/110907132044.htm
Smartassette
Newbie
*
Offline Offline

Activity: 4
Merit: 3


View Profile
July 19, 2018, 09:40:15 PM

Sigh... There just isn't enough time in the day to address all these triggers...

Go right ahead, click Ignore/scroll on by. This is a special delivery for our tax-evading merman/pirate Elwar:

You falsely believe that I don't want to share. There's a difference between being extorted and voluntarily sharing.

Extortion is criminal and tax-funded states protect citizens against extortion.

Taxation is legal and as fair as possible by consensus in dozens of countries.

Slavery was perfectly legal for a long time. Doesn't mean it was right.

Again, your reaction to someone not wanting to be extorted is to think they are being greedy. It is more greedy to just want everything taken care of through a system of force instead of coming up with a better system that benefits society without force.

Your ideas are so good that they require the point of the gun for people to cooperate.

Yeah, so every tax day in developed nations around the world, federal tax agents go door to door pointing guns at people's heads. There's riots in the streets. Thousands of delinquents are led to prison in chain-gangs. Everything shuts down, taxes are so onerous.

What world do you live in? The vast majority pay their taxes without coercion. Hell, they even voted for them. Most offenses are negotiable civil penalties and payment plans. Even major tax evasion is usually handled in the courts without bloodshed. What are you, a syndicated crime boss to be so concerned with paying taxes?

Equating "the evils" of taxation to those of slavery is beyond irresponsible. Justified outrage over slavery caused a major fucking civil war in the US, pitting brother against brother. The effects are still rippling through society today. Taxes are a minor annoyance in comparison.

Quote from: Elwar
If you don't want to pay taxes, go ahead and renounce your citizenship, go live on a boat and see how long you survive without state assistance once pirates, typhoons and diseases show up.
I already left the country, working on that "boat"[/url] part.

So you literally want to put glorified houseboats on coral reefs? Of all the inane places to put houseboats, you couldn't pick a more sensitive, fragile ecosystem? Who the hell are your science and engineering advisers?

Tropical sun and saltwater comprise one of the most punishing, corrosive environments in the world. Even the best designed yachts require ridiculous amounts of maintenance, cleaning, and dry dock expenses. How are you managing hull buildups floating directly on the water? Only the poorest of the poor in developing countries live in miserable water villages, and even they aren't stupid enough to float; they stilt! What will people do to combat island fever, stare at the ocean, stare under the ocean, stare at the ocean again? Who are your clients, invalids?

The amount of energy required to maintain a comfortable lifestyle over tropical waters is insane. How are you managing climate control, with outdoor compressors and generators? Where is your fresh water coming from during inevitable dry spells, desalination? I can't imagine solar will be enough to power everything, so are you relying on diesel? There's hardly enough wave or tidal energy behind lagoonal reefs, nevermind the infancy in technology. How are you managing corrosion? Boat transportation involves even more diesel since you won't be tethered to dry land. So right off the bat, your energy supplies are unsustainable.

What about food? Coral reefs are hardly sustainable food sources; they are already on the brink of ecological collapse. You can't grow seaweed in such nutrient-poor waters, you can hardly even grow vegetables or raise goats on impoverished tropical soils. What kind of salt-spray-tolerant trees will you grow on a floating platform, coconut palms? They hardly provide enough shade and are a hazard to everything and everyone below.

So security will be provided by the host country? At what expense? Via taxes and import tariffs? Hahaha. Where's the sovereignty in that?

What about pollution and sanitation? Are you attempting septic wastewater treatment? Over coral reefs? Speechless.

Not a single aspect of your glorified houseboats is sustainable, much less scalable. Not energy, water, food, ecology, maintenance, sanitation, or security. It's an absolute nightmare of a money pit.

If you had put just a tiny bit more thought into this pilot plan of yours, you would have chosen a far more feasible environment with cheap, sustainable resources, like the pacific northwest. Plenty of cloud cover and rain for drinking, comfort, and corrosion control. Sheltered bays. Nutrient-rich waters for sustainable protein and seaweed harvesting. Barely a need for climate control. Minimal risk to the environment from effluent. The potential for wave and tidal energy. Hell, you'd probably even be able to draw from existing land-based hydroelectric power. And tons and tons of excursion opportunities onto continental dry land when you get island fever. You could even raise money providing tours via local tourism. Best of all, you wouldn't have to barge all your building materials and supplies to the middle of the fucking ocean. I bet you could even Amazon Prime.

And what the hell do houseboats have to do with an ICO? Seriously? The biggest red flag boondoggle of all.

You may have accidentally made a lot of money on crypto, but it just goes to show, money cannot buy you brains.

What you promise:
https://www.seasteading.org/wp-content/uploads/2017/11/NBC-floating-island.jpg

What you'll deliver:
https://lh4.ggpht.com/-WoCCo4Bdhmk/U06Lgla3GPI/AAAAAAAAxiw/YhU1Qe8D9n8/makoko-12%25255B5%25255D.jpg

/trigger

Whew.

Go Bitcoin Go.
Wekkel
Legendary
*
Offline Offline

Activity: 3108
Merit: 1531


yes


View Profile
July 19, 2018, 09:41:03 PM

French or English, I cannot understand your point.
bitserve
Legendary
*
Offline Offline

Activity: 1806
Merit: 1454


Self made HODLER ✓


View Profile
July 19, 2018, 09:42:03 PM

what did i saids one year ago ?

its a scam

in thz mentaime gzt 100x - think about it, theymos lose our time I don't

je te la refais en fr :

qu'est bcxe que j'ai dis il ya an ?

que vous<alliez percre te que mou je gangerai... vous êtes vraiment des connards


shitcointal traduis si ra envie,je <m'en bas les couilles de ce mecs... mais toi et miss k je respecte.. tes pas arabe de toutre façon.

El duderino_
Legendary
*
Offline Offline

Activity: 2464
Merit: 11778


BTC + Crossfit, living life.


View Profile
July 19, 2018, 09:53:07 PM

Let the price of BTC pump cause This fucker is Going full madness tomorrow -This weekend-next weekend on tomorrow land wheeeee pump and let iT be a double party  Grin Grin
Icygreen
Legendary
*
Offline Offline

Activity: 1463
Merit: 1135



View Profile
July 19, 2018, 10:02:15 PM
Merited by BobLawblaw (1), Rosewater Foundation (1)

4000 years ago I believe gold did serve a purpose other than storage of wealth.  Gold was used to cap the great pyramids for reasons we still struggle to understand today.  
I once saw a strange meteorite piece under a microscope at the Tucson Gem show which had many perfect 4 sided pyramids each capped with a small dot of 24k gold.   Completely natural.  That experience bent my mind.  
STT
Legendary
*
Offline Offline

Activity: 3864
Merit: 1409


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
July 19, 2018, 10:02:27 PM

Quote
Why didn't he buy gold and bury it? Gold is wormproof.
Gold in the 1980's was still expensive, in relative price terms it was more expensive in 80's then it is now after all the destruction to dollar value somehow.   But gold spiked when rates were 15%   which is quite ironic and still now people dont get that gold will rise fastest also when rates are rising (but lagging inflation hence actually negative).  Its because the situation is slipping in some way and gold is an easy self adjusting measure unreliant on any artificial demand  (long term)

Escobar wasnt smart, he was just a crook and terrorist.   He should have invested in many alternatives but he stacked it high I guess.   All the same the USD bond appreciation or reduction in rates happened from that point, the smart buy is recognising that trend I guess.    
So price is inverse to rates:

^TNX



\
This is what I was thinking the other day, BTC ascended in 2017 when Dollar declined quite alot from a peak.   Start '17 was a bullish sentiment high for Dollar, 'it can only go up' moment if you get what I mean for that crowd effect.   Dollar fell its most for decades in the start of this year on other hand.   Its come back but still there is doubts.   Right now CNY is falling on this idea of sanctions but imo its the market miscomprehending, USD is benefiting for now.
I think Bitcoin relative to that Dollar doing better in 2018 vs 2017 fall, will not have the tailwind to help gains that it did have in 2017.  So BTC is more challenged, it does seem to relate somehow to this global usage of dollar as BTC is very much internationally useful in its mobility.



Short term I would say BTC looks to be acting bullish and continually trying to challenge resistance above.   Ignoring other views it could just be taken as acting above this support as a base for moves upwards


gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
July 19, 2018, 10:03:12 PM

what did i saids one year ago ?

its a scam

in thz mentaime gzt 100x - think about it, theymos lose our time I don't

je te la refais en fr :

qu'est bcxe que j'ai dis il ya an ?

que vous<alliez percre te que mou je gangerai... vous êtes vraiment des connards


shitcointal traduis si ra envie,je <m'en bas les couilles de ce mecs... mais toi et miss k je respecte.. tes pas arabe de toutre façon.



CHINA BAN WHEN?  Cheesy Grin Kiss LOLLLL
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
July 19, 2018, 10:08:34 PM

We are creeping back up to the resistance line.  I doubt we will make it through if we have another attempt now, but each attempt on a resistance or support line makes that line weaker.  If we break resistance or support in either direction, expect a corresponding jump / crash in price. 

Pages: « 1 ... 20717 20718 20719 20720 20721 20722 20723 20724 20725 20726 20727 20728 20729 20730 20731 20732 20733 20734 20735 20736 20737 20738 20739 20740 20741 20742 20743 20744 20745 20746 20747 20748 20749 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 [20767] 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 20782 20783 20784 20785 20786 20787 20788 20789 20790 20791 20792 20793 20794 20795 20796 20797 20798 20799 20800 20801 20802 20803 20804 20805 20806 20807 20808 20809 20810 20811 20812 20813 20814 20815 20816 20817 ... 33205 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!