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

[JSRAW]

Second Brexit

They count the state of Washington as a "colony"? It has the word "Washington" in it.

Also I'm not sure I would count Antarctica unless we are talking about penguin colonies.

Yup, but any Brit can jump in for final confirmation.

I do remember the incident when British Embassy gave them "burning cake" or something on the 4th of July( i could be wrong here). it's possible i guess. British humor  

And I don't know anything about penguin colonies.

Correct

BCH fan?

[BTCMILLIONAIRE]

... taxing corporates like IKEA that make billions but haven’t paid a pound in tax since 1976.

We have been over this Hairy.

No corporation has ever paid one iota of tax in history.  You are welcome to your opinion on brexit, but trotting out this weak sauce isn't helping your cause.

And they fucking shouldn't. Everybody who receives a paycheck is already paying half of it in taxes. Not sure why socialists are so much into not even just double taxation and actually thinking they're doing something good.

Hey, let's take 20% in corporate tax, 50% of every paycheck and then an additional 20% VAT on every purchase and thus take well over 70% of everything earned and throw it at worthless inefficient garbage that does more harm than good.

But then let's complain about Brexit and some scientists losing their jobs, as if that was the problem. If governments weren't pure evil we would have healed all diseases and completely removed poverty right now, even for all the worthless leeching cunts that don't deserve anything.

[BTCMILLIONAIRE]

It's more than that Elwar.

ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.

Consumers pay taxes, full stop.

Cherry picking.

You can not have one (consumers) without the other (corporations).

Consumers don't just magically have money, they earn it by working for (or running) corporations.

And their paycheck comes from corporations. Thus from consumers.

Consumers pay themselves and build corporations to increase their consumption.


Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.


Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).

[jbreher]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate system-wide value that the LN contains? Au contraire, mon frere.

I am referring to bitcoin as a package, and lightning is one optional and supplemental component of such bitcoin package. 

Good for you. But the topic is #LNTrustChain -- which is clearly specific to Lightning.

Don't get LN mixed up with the real bitcoin

Thanks for the injection of reality. Although every time I point out that Lightning is not Bitcoin, a buncha nattering nabobs jump down my throat.

[wachtwoord]

It's more than that Elwar.

ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.

Consumers pay taxes, full stop.

Cherry picking.

You can not have one (consumers) without the other (corporations).

Consumers don't just magically have money, they earn it by working for (or running) corporations.

And their paycheck comes from corporations. Thus from consumers.

Consumers pay themselves and build corporations to increase their consumption.


Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.


Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).

All completely true except for your last point as you're forgetting about personal wealth taxes, estate taxes,  capital gains taxes (on real estate and commodities), stamp duties etc.

[StartupAnalyst]

Variants of Satoshi's logos, which were presented on Reddit. Which one do you like better?

[_javier_]

Variants of Satoshi's logos, which were presented on Reddit. Which one do you like better?

the broken $ is nice 

[JayJuanGee]

Second Brexit

They count the state of Washington as a "colony"? It has the word "Washington" in it.

Also I'm not sure I would count Antarctica unless we are talking about penguin colonies.

Yup, but any Brit can jump in for final confirmation.

I do remember the incident when British Embassy gave them "burning cake" or something on the 4th of July( i could be wrong here). it's possible i guess. British humor  

And I don't know anything about penguin colonies.

Correct

BCH fan?

Roach is generally NOT a fan of any of the cryptos.  

He is a pumper of PMs such as gold and silver, and set's forth a lot of the similar arguments that anti-government folks suggest in order to suggest that there is a need to invest in case the Armageddon comes.  He is also stupid-ass racist, in the nazi direction.  

Yet, who really knows or cares exactly what the fuck that he is talking about because his topics are largely tangential to the topic of this thread (but still seemingly tolerated), except perhaps one might conclude that his anti-government statements might line up with sound money aspects of bitcoin, if he were not likely paid to spout out his baloney bullshit distractions (but, for some reason, has not been around this thread too much in the past week or more.. i think he posts in streaks (maybe either related to how he is paid or when he has leave from the asylum))...   

[JayJuanGee]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate system-wide value that the LN contains? Au contraire, mon frere.

I am referring to bitcoin as a package, and lightning is one optional and supplemental component of such bitcoin package. 

Good for you. But the topic is #LNTrustChain -- which is clearly specific to Lightning.

Good for me, also, because the topic of this thread is bitcoin, and lightning happens to be a part of bitcoin (or at least has a lot of connections with bitcoin), so don't try to get too far on a tangent with your high and mighty attempts at abstraction.

Don't get LN mixed up with the real bitcoin

Thanks for the injection of reality. Although every time I point out that Lightning is not Bitcoin, a buncha nattering nabobs jump down my throat.

Yes, folks probably jump down your throat based on your inclinations towards mischaracterizing matters and giving the wrong kinds of weight to various topics that ends up seeming like you might be on topic, but largely inclined towards misleading, either because you are pumping some kind of alt coin narrative or engaged in undue and unwarranted criticisms of bitcoin.

Certainly, I have known you long enough to appreciate that you are likely smarter than that, so the sum of the matter is that you are likely contributing in disingenuous ways.

[StartupAnalyst]

It's not the most pleasant picture in the morning. Bears dominate the bulls again in the market.

This image has made me very sad.

I hope you are proud of yourself.

Dickhead.

I'm sorry, Bob. I didn't want to spoil your or anyone's mood, I was just stating a fact (which is not pleasant for me either).

[Icygreen]

https://twitter.com/cryptovenus/status/1102551642048811008


Jihan comforting Micree

They are breaking up, right? 

So they want to break up and stay friends?

I thought that the break up was a bit more hostile.. I suppose it is still in development and all the details are not really known, either.

I don't know why, but this photo reminds me of a couple of small white hamsters I had as a child. Dirty little things...

Haha, When Jihan said this it was the moment I knew for sure that b-cash was a scam/distraction/dead coin/not the flippening, etc. Then Roger would reconfirm every time he opened his mouth. 

[JSRAW]

 He is also stupid-ass racist, in the nazi direction.  

Thanks, yeah that I know, I noticed his-her Nazi flag and anti jews's post.

[BTCMILLIONAIRE]

It's more than that Elwar.

ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.

Consumers pay taxes, full stop.

Cherry picking.

You can not have one (consumers) without the other (corporations).

Consumers don't just magically have money, they earn it by working for (or running) corporations.

And their paycheck comes from corporations. Thus from consumers.

Consumers pay themselves and build corporations to increase their consumption.


Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.


Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).

All completely true except for your last point as you're forgetting about personal wealth taxes, estate taxes,  capital gains taxes (on real estate and commodities), stamp duties etc.

The last bit was not meant to be my opinion, but an extension of jojo's argument. Although in that case corporations would be implicitly responsible for real estate (etc.) taxes as well as they are the ones paying out the income required to consume anything, including stocks and real estate.

My position is that neither party is "paying taxes, full stop". This can be further elaborated as follows (in a way that does not make use of the clear fact that consumers and corporations are a symbiotic agency).


Suppose corporations were no longer required to add taxes to the price of their goods. Then one of the two follows:

i) Corporations keep prices the same, demand remains unchanged, corporate profits increase. As a result, corporations now have more cash. Some of which will go to qq CEO bonuses. Some of which will go into either researching a new product or lowering cost of existing products. Should a new product come out the consumer makes a profit proportional to his demand for the new product. Should production costs reduce then the consumer will make a profit proportional to the reduced costs in the long run.

ii) Corporations lower the price effective immediately and every consumer has a profit proportional to his rate of consumption times tax cuts.


From the perspective of corporations these cost reductions imply a direct increase of their profits be it by reduced costs or by increased demand. Thus, the argument that "consumers pay taxes" is strictly false, as corporations miss out on profits proportional to taxation. (Which I would be fine with if it was a) voluntary and b) efficient, which it [taxation and its spending] is neither).


In either case, both parties are getting screwed over by one that does not answer to anything or anyone and thus burns more money than an Arab prince wiping his ass with golden toilet paper.

[jbreher]

Haha, When Jihan said this it was the moment I knew for sure that b-cash was a scam/distraction/dead coin/not the flippening, etc. Then Roger would reconfirm every time he opened his mouth. 

Well, that makes little sense. Jihan's outburst predated the bitcoin fork by over a year.

2016 May: https://twitter.com/JihanWu/status/731902686379933697

2017 Aug: Fork

[sirazimuth]

....
 i think he posts in streaks (maybe either related to how he is paid or when he has leave from the asylum))...   

Or maybe Mom restricts his screen time by turning off power to the basement.....

[infofront]

Not that I'm a big fan of Coinbase, but I gotta say that this astroturfed smear campaign against them, urging existing users to #DeleteCoinbase and newbies to stay away, has gone splendidly well. The whale market makers know what they are doing.

Can't wait for the inevitable bull run to start, with all these crying n00bs going "But...bbut...you guys said to delete my Coinbase acct, and now I wanna buy more Bitcoin^TM because the price is rising fast. Now it's gonna take me another month to get verified again for a new account!"

And also "But...bbut...now I can't cash out because I #DeleteCoinbase! Shiitttt!"

That's a good point. Interesting timing, with #DeleteCoinbase taking place in the prime accumulation zone.

[jojo69]

Variants of Satoshi's logos, which were presented on Reddit. Which one do you like better?

Trogdor FTW

[Biodom]

Check out this Coinbase announcement.
Say whatever you want, but their response rate is fast.

https://www.coindesk.com/coinbase-pushes-out-ex-hacking-team-employees-following-uproar

[StartupAnalyst]

Variants of Satoshi's logos, which were presented on Reddit. Which one do you like better?

Trogdor FTW

Looks cooler in color format.

[JayJuanGee]

....
 i think he posts in streaks (maybe either related to how he is paid or when he has leave from the asylum))...   

Or maybe Mom restricts his screen time by turning off power to the basement.....

hahahahaha.. you caught me there.  i was speculating.   Yours sounds very probable too, and I like the variant of that theme in which grandma refuses to bring him cookies and milk, too.