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

[AlcoHoDL]

Why not do the opposite: withdraw all of our fiat from the banks! That would put a stress to their network...

They would never let that happen. Heard of capital controls?

I love Bitcoin.

Exchanges have them too. And they will intensify by actions like this. Some have already blocked withdrawals because of this.

[soullyG]

Happy Birthday Bitcoin 

* proceeds to give BTC a sloppy blowjob *

[Millionero]

sex with a chick with a dick

Don't knock it 'til you've tried it.

[AlcoHoDL]

@r0ach:

Plato was not wrong. Just way ahead of his time.

Let me give an example: if you manage to prove the Riemann Hypothesis, you will get $1 million [1]. Your proof could be written on a piece of paper, or it could be a sequence of bytes in a memory stick, or it could be scribbled on wet sand (if it's not lengthy). Does the piece of paper worth $1M? Or the memory stick? Or the sand? No! They are all worthless. They are just a medium of information transfer. It's the information that's valuable. It doesn't have to be made of gold or silver or any other special physical element to be made valuable.

Your idea that something has to be made of valuable material to be of any worth, is very conservative and anachronistic. It belongs to the past. Try to understand this.

[1] Millennium Prize Problems

[Cryptotourist]

Sir my elite Jewish employers would like to add you to their payroll for persecuting Virgin Roach. You see Jews(and some blacks) having been plotting against Virgin Roach since before he was born. They would have been content to rule the world behind the scenes, but for reasons I can not reveal right now, they now have to keep Virgin Roach in his basement. They pay in Bitcoin and all you have to do is just keep doing what you are doing and mock and laugh at Virgin Roach so he hides in his basement forever. They promise also that the bottom is in and they will pump Bitcoin to 100k.

Got it, the newbie will feed the troll

The basis of human interaction in trade is barter. I give you some type of object you want for what I want.  Since humans adopted specialization of labor, they started to use an intermediary, Macguffin-like instrument to reduce friction of trade.  There is no guarantee this Macguffin instrument will ever be redeemable for anything of value.  In fact, anything of zero intrinsic value to humans will inevitably return to that exact value and be unredeemable for anything.

This is why Aristotle said the only stable form of money is a commodity currency of intrinsic value (to human civilizations) and why Plato was wrong.  If the Macguffin has no intrinsic value, it's simply a system of faith and faith collapses.  If you're using a real commodity currency, it's value can go up or down, but it's not possible for it to implode to nothingness and bring down the ENTIRE SYSTEM.

There's a lot of stupid fucks on this forum, and they think I'm joking, but the simple fact that humans were led astray off this sustainable path of metals as commodity money might mean when the paper currency collapses, it could cause a dark ages that humans never recover from and everyone goes back to the stone ages.  Or will we go back to metals as money once again with some great upheavel in between.  We'll see.  A fake commodity currency - imaginary, valueless crypto-tokens, are zero difference from fiat paper in the above scenario.  They would implode to zero and cause the same problem.

Did you or did you not make profit on BTC & swapped it for a "real commodity" such as silver? There is your barter right there.
And please stop the contradiction between Plato & Aristotle. They all have their opinion with outdated data. Welcome to the present.

Exchanges have them too. And they will intensify by actions like this. Some have already blocked withdrawals because of this.

Indeed, so part of the story is that "proof of keys" will provide a good indicator to avoid such exchanges.
Not that we didn't know that HitBTC for example is dodgy. It's got fuck me scam me written all over it.

[realr0ach]

The basis of human interaction in trade is barter. I give you some type of object you want for what I want.  Since humans adopted specialization of labor, they started to use an intermediary, Macguffin-like instrument to reduce friction of trade.  There is no guarantee this Macguffin instrument will ever be redeemable for anything of value.  In fact, anything of zero intrinsic value to humans will inevitably return to that exact value and be unredeemable for anything.

This is why Aristotle said the only stable form of money is a commodity currency of intrinsic value (to human civilizations) and why Plato was wrong.  If the Macguffin has no intrinsic value, it's simply a system of faith and faith collapses.  If you're using a real commodity currency, it's value can go up or down, but it's not possible for it to implode to nothingness and bring down the ENTIRE SYSTEM.

There's a lot of stupid fucks on this forum, and they think I'm joking, but the simple fact that humans were led astray off this sustainable path of metals as commodity money might mean when the paper currency collapses, it could cause a dark ages that humans never recover from and everyone goes back to the stone ages.  Or will we go back to metals as money once again with some great upheavel in between.  We'll see.  A fake commodity currency - imaginary, valueless crypto-tokens, are zero difference from fiat paper in the above scenario.  They would implode to zero and cause the same problem.

Did you or did you not make profit on BTC & swapped it for a "real commodity" such as silver? There is your barter right there.
And please stop the contradiction between Plato & Aristotle. They all have their opinion with outdated data. Welcome to the present.

There is nothing outdated about the Plato vs Aristotle argument on money.  It applies now just as then.  And since you're unable to read between the lines here, and what inevitably happens to imaginary tokens of no value whether it's fiat or bitcoins, trading bitcoins for metals is simply the act of exiting the house of cards before it falls over.  

The value of a bitcoin started at zero, and on a long enough timeline it's going to be zero again.  Anyone who disagrees with that statement is an obvious con artist.  It's only a question of what is the duration of start to finish.  When it's so obvious that is the case, you're required to be a scammer in the first place to even promote it as a solution when there are superior instruments already existing (physical metals) that do not suffer such problems.

[bitserve]

In English: cat, hat;
In French, chat, chapeau.
Ja, das ist eine Katze Hut
If you must know.





Avatar-sized

Awesome!! As always!

[realr0ach]

If anyone wants to see something cool, a rat experiment that supports natzee ideology.  Or rather, the idea animals that don't practice a self-regulated form of lebensraum (K-selection) are doomed to self destruct.  In the context of humans, it would mean K-selection groups (whites and asians) would need to wipe out R-selection groups (blacks, mexicans, etc) to prevent the entire species from imploding.

The first experiment highly resembling current day civilization:

https://en.wikipedia.org/wiki/John_B._Calhoun#Mouse_experiments

And the results of when rats perform self-regulated lebensraum (K-selection):

https://en.wikipedia.org/wiki/John_B._Calhoun#Early_rat_studies

[Last of the V8s]

So @slammielayer

Hello Vastly Lates

hmm strange lol. stings a little

[Cryptotourist]

There is nothing outdated about the Plato vs Aristotle argument on money.  It applies now just as then.  And since you're unable to read between the lines here, and what inevitably happens to imaginary tokens of no value whether it's fiat or bitcoins, trading bitcoins for metals is simply the act of exiting the house of cards before it falls over. 

The value of a bitcoin started at zero, and on a long enough timeline it's going to be zero again.  Anyone who disagrees with that statement is an obvious con artist.  It's only a question of what is the duration of start to finish.  When it's so obvious that is the case, it's sort of required to be a scammer in the first place to even promote it as a solution when there are superior instruments already existing (physical metals) that do not suffer such problems.

r0achie I was born to read between the lines mate.
BTW I wrote outdated DATA on which their thesis was based, not their arguments.
But opinions are like butt holes - we all have one - and surely that doesn't make someone a con artist.

Your failure to see things for what they are is amazing.
Likewise the value of gold was once zero. Cavemen did not give a fuck. Nor they will - should they ever exist again.
Get real r0ach. I do get the bipolar sarcasm of your username. Love your new bipolar schizo themed avatar also.

I rather prefer Sun Tzu's guidelines of the Art Of War applied to modern economics for example.

[Last of the V8s]

in re bitcoin

  bearish?

https://www.bloomberg.com/news/articles/2019-01-03/tesla-stock-on-a-blockchain-offers-hint-of-where-crypto-s-headed
assclownish

[realr0ach]

I rather prefer Sun Tzu's guidelines of the Art Of War applied to modern economics for example.

Chinese philosophy is way fucking overrated compared to ancient Greeks, Romans, or even some modern day stuff you might find on someone's blog.  Sun Tzu?  Chinese proverbs?  Give me a break.  "Wait long enough and the body of your opponent will float down the river before you".  LOL.  Well, no shit Sherlock, assuming you're immortal and he's not.  

And if the lesson is supposed to be entirely indirect and just "be patient", then why am I suffering through a bunch of illegible, bullshit proverbs to get to that point?  Why wouldn't I simply skip the inefficient proverbs and parables and go to OCS or the army war college instead while learning more in less time wasted?  That's the beauty of the Chinese proverb.  They're extremely vague, so even if you're an idiot saying something of no substance, maybe someone will take it in an entirely different manner and then you can pretend to be wise.

Meanwhile, everything the westerners are saying is roughly one hundred times more concise, making it far easier to sort out the good from the bad.

[Last of the V8s]

^do you intend to regurgitate all of trilema through your mental illness filter? we may be here some time.

[realr0ach]

^Do you intend to pretend a dumpster website named Trilemma has any relevance to anything?

[bitserve]

He doesn't even know how to read Sun Tzu *sigh*

[realr0ach]

He doesn't even know how to read Sun Tzu *sigh*

Bullshit.  I explained Chinese proverbs and parables are simply an inefficient way of teaching when the western way is one hundred times more concise.

[luckygenough56]

in re bitcoin

   bearish?

That cheap rise on low volume certainly didn't give me confidence...we'll see, bitcoin has done weirdest things in the past.

[Last of the V8s]

in re bitcoin

  bearish?

That cheap rise on low volume certainly didn't gave me confidence...we'll see, bitcoin has done weirdest things in the past.

bulls trying to excuse it: 'oh low vol's meant to happen to fulfil the inv h&s meme'

[bitserve]

More concise than a fucking oneliner? The "western way" would be a JJG style explanation that in the end wouldn't even capture the essence of wisdom as well as Sun Tzu does.

[realr0ach]

Is anyone here good at math?  I'm trying to figure out if Last of the v8 shitcoin shills has a case or not in having any type of influence in the world?