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

[Febo]

Bitcoin as "Sound Money".

Oops! Global debt surged to a record $250tn, led by the US and #China and driven by record-low interest rates. In H1 of 2019 alone, another $7.5tn debt were added. https://cnb.cx/2CHHSF0 via
@RomanWenzl

Source: https://twitter.com/Schuldensuehner/status/1195293766418083841

How does Bitcoin offer an alternative? Well, for starters, it has a fixed supply capped at 21M BTC. That means that its value cannot be distorted through more minting, therefore functioning as ‘sound money.’

Source: https://beincrypto.com/global-debt-surges--a-recordto-250-trillion-highlighting-a-need-for-bitcoin/

Bitcoin is what the world needs ...

Bitcoin will not change anything about lending and borrowing. Even if everyone uses Bitcoin, the debt that you or anyone else have will have to be repaid.  What Bitcoin will do is that since will not lose value interest rates will not need to be high for lender to profit.

To reduce debt rate something will have to click in our minds. Private debt is huge. Most people are in huge debts. Bitcoin will only worsen this when people will start taking debts to buy Bitcoin.

[BitcoinGirl.Club]

It looks same to me too.
See the eyes, nose and lips.

[P_Shep]

Bitcoin is not going to be a way to avoid reporting to the authorities. Craig Wright has explained/argued how the authorities will be able to pressure exchanges and 50+% of the miners to censor transactions:[/size]

...

So a key insight from Craig’s point is that if mining is not sufficiently in the hands of users (i.e. decentralized) then censorship resistance is going to gradually die over time. Initially governments will focus on coordinating on freezing cryptocurrency associated with major crimes. But of course over time this will digress into a form of abject totalitarianism.[/size]

Umm.

What?

[DaRude]

Blah blah blah ...faketoshi shilling...

And if non of those predictions for 2020 come true (as non of his previous prediction came true) you can always create a new account and change the dates on those predictions to 2021!
You have to be special kind of retard to think that US/China/Russia who historically couldn't cooperate on anything (Snowden, Huawei etc..), all of the sudden will start cooperating on blocking transaction for tax purposes? And you have to be r0ach kind of special to think that it'll happen next year

[Phil_S]

You have to be special kind of retard to think that US/China/Russia who historically couldn't cooperate on anything (Snowden, Huawei etc..), all of the sudden will start cooperating on blocking transaction for tax purposes?

US, China, Russia are all FATF Members:

https://en.wikipedia.org/wiki/Financial_Action_Task_Force_on_Money_Laundering

So they do cooperate of some financial matters.

[HI-TEC99]

Bitcoin is not going to be a way to avoid reporting to the authorities. Craig Wright has explained/argued how the authorities will be able to pressure exchanges and 50+% of the miners to censor transactions:[/size]

...

So a key insight from Craig’s point is that if mining is not sufficiently in the hands of users (i.e. decentralized) then censorship resistance is going to gradually die over time. Initially governments will focus on coordinating on freezing cryptocurrency associated with major crimes. But of course over time this will digress into a form of abject totalitarianism.[/size]

Umm.

What?

Craig Wright says buy Bitcoin SV because of "predictions".

[Biodom]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.

Yes but federal taxes don’t apply to offshore assets owned by foreigners. This is about tax rorts for foreigners, not Yanks

True, I was looking at it from the US perspective.
However, the deal is better for non-US citizens.
Oh well, it's almost always the case  

[Raja_MBZ]

In what year was this WO cap culture introduced? 2018 or the current year? Asking for a friend... (or maybe for my entry in the art contest?)

I've got no sMerits left as of now; so in return, I can only offer free kisses and hugs.

[Last of the V8s]

yeah , '18. Octoberish https://bitcointalk.org/index.php?topic=178336.msg46954627#msg46954627 this was the end of the beginning
hug yer mother if you want hug

[HairyMaclairy]

It was when we capitulated

[El duderino_]

In what year was this WO cap culture introduced? 2018 or the current year? Asking for a friend... (or maybe for my entry in the art contest?)

I've got no sMerits left as of now; so in return, I can only offer free kisses and hugs.

Curious what you gonna come up with.... I had a HAT entry in that contest, but my skills are pretty low 

https://bitcointalk.org/index.php?topic=5193860.msg52804250#msg52804250

and this next one wasn't another entry but something very important with some ART on it

https://bitcointalk.org/index.php?topic=5193860.msg52861870#msg52861870

[Raja_MBZ]

yeah , '18. Octoberish https://bitcointalk.org/index.php?topic=178336.msg46954627#msg46954627 this was the end of the beginning

Thanks!

hug yer mother if you want hug

Fine by me! *sent her a hugging emoji*

It was when we capitulated

Sorry, this post of yours doesn't qualify for any kisses or hugs. Better luck next time!

Curious what you gonna come up with.... I had a HAT entry in that contest, but my skills are pretty low 

https://bitcointalk.org/index.php?topic=5193860.msg52804250#msg52804250

and this next one wasn't another entry but something very important with some ART on it

https://bitcointalk.org/index.php?topic=5193860.msg52861870#msg52861870

Nice arts mate!

Only 1% space of my art is going to consist of caps, so don't worry, your caps won't be challenged by another work of caps.

[Arriemoller]

Apparently all McDonalds in India serves halal burgers, and indians don't like that so they are boycotting McD, at least according to a Swedish newspaper.

"All our restaurants have HALAL certificates. You can ask the respective restaurant Managers to show you the certificate for your satisfaction and confirmation. (2/2)


ਪੰਜਾਬੀ
@HasdaaPunjab
Go To Hell, then. We Hindus only have JHATKA MEAT, Will educate others as well to not have any Non Veg Food From your chain. If you not want to end up like ZOMATO, ensure that JHATKA MEAT is served. Else, embrace for Financial Loss. https://twitter.com/mcdonaldsindia/status/1164584030647377920?s=19 …"

Now, my question to you Indians here is: what the hell is ZOMATO and JHATKA MEAT?

https://twitter.com/HasdaaPunjab/status/1164746604831600641?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1164746604831600641&ref_url=https%3A%2F%2Fsamnytt.se%2Fboycottmcdonalds-trendade-efter-kungorande-vi-serverar-endast-halalkott%2F

EDIT: link

[Last of the V8s]

Embrace for Financial Loss!

[Biodom]

Apparently all McDonalds in India serves halal burgers, and indians don't like that so they are boycotting McD, at least according to a Swedish newspaper.

"All our restaurants have HALAL certificates. You can ask the respective restaurant Managers to show you the certificate for your satisfaction and confirmation. (2/2)


ਪੰਜਾਬੀ
@HasdaaPunjab
Go To Hell, then. We Hindus only have JHATKA MEAT, Will educate others as well to not have any Non Veg Food From your chain. If you not want to end up like ZOMATO, ensure that JHATKA MEAT is served. Else, embrace for Financial Loss. https://twitter.com/mcdonaldsindia/status/1164584030647377920?s=19 …"

Now, my question to you Indians here is: what the hell is ZOMATO and JHATKA MEAT?

source: google search

ZOMATO- a global restaurant chain, probably failed in India
JHATKA-when animal is killed by a single stroke..never knew about it...maybe from a particular religious point of view.

[Raja_MBZ]

what the hell is ZOMATO?

Sounds like a z-shaped tomato.

[Arriemoller]

I am Zorro, I eat Zomatos.

Thanks for the answer, do you know if that boycott is doing any harm to McD?

[HI-TEC99]

I am Zorro, I eat Zomatos.

Thanks for the answer, do you know if that boycott is doing any harm to McD?

It's not only the boycott that could harm McD. According to this there's a court case against mcdonalds already in motion.

https://www.opindia.com/2019/10/mcdonalds-india-halal-meat-second-notice/


Remember all the hassle mcdonalds had in court over burns from a 49-cent cup of coffee?

https://en.wikipedia.org/wiki/Liebeck_v._McDonald%27s_Restaurants

[Icygreen]

Hey Homer, will you be making a hat for the art entry? 

[bitserve]

^ + 1000!

Yeah, homer caps have been probably the single most important artistic action in BTCT ever! It has even transpired off WO frontiers to many other members not regular here.

Homer should make an entry for sure!