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

[El duderino_]

https://twitter.com/TuurDemeester/status/1087459292821811202

[Ibian]

A few interesting factoids and opinions:

Davos: the backlash
Corp profits above pay trend for a while. Author thinks that it should go back to trend.
https://www.bloomberg.com/opinion/articles/2019-01-21/davos-the-backlash-against-fat-cat-bosses-is-coming

An opposite opinion: why a few have so many?
Pareto law as an explanation (J. Peterson):
https://www.youtube.com/watch?v=-k_FfS1kHfY

Finally: tax collection employes supercomputer/service
https://www.wnd.com/2019/01/big-data-meets-big-govt-new-irs-spy-software/

It could also flag a person whose tax return shows relatively low annual income but whose social-media posts indicate something entirely different.

Integration of all three:

If the trend would become toward more taxation (as Davos article predicts), then the rich would probably employ crypto in some form, hopefully, bitcoin.
Bitcoin is dealing with high gini already, so it won't be a problem to absorb a $ trillion or two or ten.

this chart is old but it represents the wealth inequality trend It has gotten really bad over the last 10 years.

I'm sure most of you are wealthy enough or libertarian enough to not be concerned about the younger generation and lower class.  Millenials can't even afford to purchase houses,  most of the new wealth created is getting sucked up by the top.  Baby boomer generation could at least work a normal job and have a good life but today things are upside down.  The thing is this can't go on much longer before the inequality gets too out of hand and with job automation getting worse.  Will eventually be revolution unless things change.

I think we need some kind of universal basic income. UBI or a very bloody system reset (global war).

Communism does not work, comrade.

UBI should not be regarded as communism. Job automation will eventually result in too few jobs for all people. Companies will have to pay some kind of machine tax to finance the UBI.
Work is a fundamental right, everyone should have the right to work. If there is no work, people needs alternatives to survive.

It is. Doesn't make a difference if you regard it as such, it still is.

[El duderino_]

https://twitter.com/RedditBTC/status/1087459089221865474
https://www.reddit.com/r/Bitcoin/comments/aibt7g/first_post_here_thought_you_guys_would_appreciate/

[realr0ach]

you are as well friendless cause you consider US WO members to be you’re true friends

LOL.  I do not post here because I consider you my friends.  I consider this thread a warzone where there is a battle to be fought between centralized, valueless, non-fungible, imaginary digital token scams whose only possible outcome can be a dystopia resembling the Chinese social credit score system vs the far superior choice of everyone using physical metals and not living in dystopia.  

I see you as the enemy because you are pro-dystopia.  We are not on the same team.  You are not smart or logical enough to be on my team.  You are a Judas because you wish to sell out humanity for some negligible pump and dump profit that might not even happen, even though you could make the same or larger profit choosing metals instead and not doom the planet to dystopia.  It's that stupid of a choice you make.  You're a sheep willingly being led to slaughter and trying to drag everyone else with you because you think it might be profitable.

[LFC_Bitcoin]

https://twitter.com/RedditBTC/status/1087459089221865474
https://www.reddit.com/r/Bitcoin/comments/aibt7g/first_post_here_thought_you_guys_would_appreciate/

mic, Wekkel, HI-TEC

Stop making so many good fucking posts. It’s making me spend all my sMerit

[Wekkel]

[...] I consider this thread a warzone where there is a battle to be fought between centralized, valueless, non-fungible, imaginary digital token scams [...]

You should move your 'war zone' to https://www.reddit.com/r/cryptocurrency to have a meaningful impact 

[El duderino_]

Now in a football game in Israel.



https://twitter.com/RedditBTC/status/1087465504455954432


@r0ach special for you

[El duderino_]

https://twitter.com/RedditBTC/status/1087459089221865474
https://www.reddit.com/r/Bitcoin/comments/aibt7g/first_post_here_thought_you_guys_would_appreciate/

mic, Wekkel, HI-TEC

Stop making so many good fucking posts. It’s making me spend all my sMerit

NOT TO MUCH WORRIES FOR YOU BROTHER

[Raja_MBZ]

mic, Wekkel, HI-TEC

Stop making so many good fucking posts. It’s making me spend all my sMerit

Yeah, from now on, they need to make posts consisting of something like these:

You ain’t seen nothing yet: Analysts predict more bitcoin crashes

Dr. Doom says bitcoin represents the ‘mother of all bubbles’

Wolf of Wall Street Predicts the End of Bitcoin is Near

[marcus_of_augustus]

For the analog to be meaningful it should be LN/BTC ~~ TCP/IP

(TCP is stacked on top of IP, the lower layer) ... just saying.

[El duderino_]

^^
I wouldn't like to be the poster of that shit

[Cryptotourist]

r0ach have you considered seeing a doctor? You are truly psychopathetic.
Could of course just shoot yourself, but that would be sad.

WO's can help you:

[El duderino_]

For the analog to be meaningful it should be LN/BTC ~~ TCP/IP

(TCP is stacked on top of IP, the lower layer) ... just saying.

I will quote that on the twitter post     

[El duderino_]

r0ach have you considered seeing a doctor? You are truly psychopathetic.
Could of course just shoot yourself, but that would be sad.

WO's can help you:

so thats like BOB and which other WO member behind those guns

[El duderino_]

Now in a football game in Israel.



https://twitter.com/RedditBTC/status/1087465504455954432


@r0ach special for you

ANYBODY SAW THIS I THINK ITS AMAZING

[HairyMaclairy]

Yes its good

[El duderino_]

https://twitter.com/CryptoScamHub/status/1087193948307697664

[El duderino_]

https://twitter.com/ArminVanBitcoin/status/1087030980903354370

[El duderino_]

Yes its good

I think its F***ing awesome, would be more great @ a premier league's team but its a start

[rebal15]

https://twitter.com/RedditBTC/status/1087459089221865474
https://www.reddit.com/r/Bitcoin/comments/aibt7g/first_post_here_thought_you_guys_would_appreciate/

mic, Wekkel, HI-TEC

Stop making so many good fucking posts. It’s making me spend all my sMerit

NOT TO MUCH WORRIES FOR YOU BROTHER

You connect the destiny of BITCOIN with something that will never happen. You give an important place to uncertainty in the path of BITCOIN. You should stop this lie ETF, final rejection statement can flatten the price of BITCOIN.
I think the ETF is just an argument for selling which creates doubts and a questioning of what is said about BITCOIN.