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

[Arriemoller]

the flapping of a butterfly's wings...

Probably doesn't make any difference at all, but it does make for som good sci-fi books and movies.

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[jbreher]

Crazy shit
https://imgur.com/gallery/gkteLds

This is what senseless rioting and looting will get you...mobilized military at your doorstep and on your street corner. They have the authority to command the public to comply with orders that normal cops don't. That's why you don't want martial law.

And to be fair, that idiot woman was told 3 times to get in her house and she didn't listen, just sat there filming. She's lucky it was just a paintball and not a rubber bullet.

her house Torque, that's the point

they come tell me I can't even be in my yard, on my fucking porch, we are going to have bigger problems

True jojo, I agree. But when the rioting mob shows up in your neighborhood to burn your house down, is that also going to be a bigger problem?

I'm not advocating for statist military, but there are two sides to this situation.

Like I said, when the people choose senseless looting and rioting over meaningful peaceful protest, this is what happens.

And when the cops start 'enforcing' illegitimate 'orders'? What happens then?

[Torque]

And when the cops start 'enforcing' illegitimate 'orders'? What happens then?

Then you fight back, of course.

Tell you what though, let's just get rid of the Police force all together. Too much of a hassle to deal with.

Let's start with Los Angeles, CA. Let's pull out all the cops, and completely disarm the citizens. Sound good?

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

^{(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)}

[Arriemoller]

Be clear Arrie..its a fact for you. Our subjective experiences of what we call reality induces biases that are sometimes hard to peer around. Work on it is my advice.

Read this, is my advice. https://keydifferences.com/difference-between-fact-and-opinion.html

Definition of Fact
The fact is something, that has actually taken place or known to have existed, which can be validated with pieces of evidence. They are strictly defined, and can be measured, observed and proven. It refers to something that makes statements true and used in connection with research and study.

A fact can be an event or information, based on real occurrences which can be tested through verifiability, i.e. they are supported by proofs, statistics, documentation, etc. Therefore, a fact is nothing but a verifiable truth or reality which are agreed upon by consensus of people.

Definition of Opinion
The term ‘opinion’ is defined as the personal view or judgment about a subject, that may or may not be substantiated by the facts or positive knowledge. In other words, an opinion is an inconclusive statement, used in subjective matters, which cannot be proved true or false. It is what a person thinks or feels about something or someone. Hence it is not a true but biased information.

Opinion is highly influenced by a person’s feelings, thoughts, perspective, desires, attitude, experiences, understanding, beliefs, values, etc., which cannot be tested by concrete evidence. Therefore, due to individual differences, every person’s opinion on a particular matter is also different.

"Key Differences Between Fact and Opinion
The difference between fact and opinion on the following grounds:

The fact is described as the statement that can be verified or proved to be true. Opinion is an expression of judgment or belief about something.
Fact relies on observation or research while opinion is based on assumption.
The fact is an objective reality whereas opinion is a subjective statement.
Facts can be verified with the help of evidence or statistics. On the contrary, opinion is not supported by any evidence.
Facts explain what actually happened. Unlike an opinion, that represents a perception about something.
One important feature of the fact is that it is universal and does not differ from person to person. As against this, every human being has a different opinion on a particular subject and so, it varies from one person to another.
Facts are shown with unbiased words, however, opinion is expressed with biased words.
Facts can change anybody’s opinion, but vice versa is not possible.
Facts are real information and so it cannot be challenged or debated, but if we talk about opinions, they can be debated."

[Arriemoller]

Ok you can join Roach and Ibian on ignore. 

Ok snowflake.

[jbreher]

And when the cops start 'enforcing' illegitimate 'orders'? What happens then?

Then you fight back, of course.

Tell you what though, let's just get rid of the Police force all together. Too much of a hassle to deal with.

Let's start with Los Angeles, CA. Let's pull out all the cops, and completely disarm the citizens. Sound good?

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

^{(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)}

Maybe I'm not understanding your intent, but it sounds to me like you are arguing two opposing sides of this issue. Let's start again? Do you believe that the person that was shot at in the video was in the wrong?

[STT]

he died from medical problems in conjunction with drugs, the cop did not kill him

Sounds alot like saying those with underlying problems will die from Corona so its not the superflu its just your underlying condition, easy diagnosis. 

[marcus_of_augustus]

he died from medical problems in conjunction with drugs, the cop did not kill him

Sounds alot like saying those with underlying problems will die from Corona so its not the superflu its just your underlying condition, easy diagnosis.  

... isn't it even worse that George Floyd was having a heart attack and the cops were kneeling all over him, and on his neck, instead of rendering assistance unlike psychopathic inhuman beasts, than if they simply executed him by asphyxiation from kneeling on his neck?

[infofront]

This is why we can't have nice things.

[marcus_of_augustus]

.... the instinctive reaction for the US authorities to put the military on the streets show this has a long way to go. The State is doubling-down on the State-sanctioned violence and oppression that has precipitated and inflamed the crisis, instead of seeking urgent and lasting resolutions inside their own agencies of the State where the problems clearly lie. The parallels with the bungling public health response to the pandemic inside public health state agencies is not coincidental but symptomatic of broad institutional decay and dysfunction.

It wont end until the whole of the militarized apparatus of State oppression is dismantled and scrapped now. The military should only ever be retained for defending against external threats, never turned upon the people who pay their wages, that's the final turn of the vicious spiral into anarchic civil war (suspension of habeas corpus). Police were only ever meant to be Officers of the Peace, never Law Enforcement. After total War the military hands over control of the streets to Officers of the Peace; militarisation of the police and putting military on the streets is naturally escalating society back to wartime conditions.

None of this is unexpected, it has been happening gradually in clear sight for those willing to see, only now it has accelerated to the point when it is plain for all to see. Effectively, USA is already in the early stages of a state of civil war.

[JimboToronto]

An autopsy report talks about "potential intoxicants"?

It's a preliminary report only, the final report is yet to come, presumably with a toxic report.

The coroners report is in, and he died from medical problems in conjunction with drugs, the cop did not kill him.

I see.

[lightfoot]

Ok you can join Roach and Ibian on ignore. 

Yeah, he wound up in my oubliette too. I hate putting people on ignore but it does make the thread much easier to read.

[lightfoot]

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

^{(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)}

There is some evidence backing torque's assertion: When cops were pulled from highways due to Covid19, deaths per mile went way up. Along with speeds including the 140mph cruise runs by yours truly. I really thought with less people on the road people would drive at speeds which were inherently safe. I was seriously wrong and now cruise at a sluggy 70mph.

So yeah, cops are necessary. Question is how do you keep them from being psychopaths? I mean firefighters aren't psychopaths. EMTs aren't psycho--no wait, they are pretty weird adrenaline junkies.

[fonship]

Man, I had better never have 15 bitcoins on me in an airport. Government will just seize it like cash....

https://www.washingtonpost.com/travel/2020/05/28/man-missed-his-flight-logan-airport-then-authorities-discovered-138980-cash-his-bag

Oh wait, I forgot, it's *my* bitcoin, not the government's money. They want the key they can torture me for it.

Note: It is possible this was an international flight where you do have to declare >10k for customs purposes. But still this does not sound like a job for TSA....

in the past I have seen posts where people discussed the need to declare value if bitcoin you carry too.

Still, it's unclear whenever we cross-border, if we have bitcoin that needs to be declared. Because even if it's not a hardware wallet, I control my bitcoin through phone or basic internet. Similarly, I control fiat also through my phone in bank accounts or credit/debit cards of multiple countries.

So I don't think Bitcoin needs to be declared when you cross the boarder.

The trouble is: at the gate you aren’t the one doing the thinking. TSA does...  

Yup, but they can't know if I have bitcoin or not. they can just TSA(Think Shit Aloud) 

If you don't have to declare money in your centralized bank, you shouldn't have to in the decentralized one either. But i wouldn't put it past TSA to start doing lobotomies to make sure their citizens didn't board the plane with those 12 words memorized. (Heard roach was the first one to volunteer for that procedure, let's just say it didn't go too well for him)

Yes, and same I consider my exchange accounts as offshore accounts as they are not based in my country. And exchanges have offices where there are not many people. So effectively majority is having offshore accounts 

[JimboToronto]

.... the instinctive reaction for the US authorities to put the military on the streets show this has a long way to go. The State is doubling-down on the State-sanctioned violence and oppression that has precipitated and inflamed the crisis, instead of seeking urgent and lasting resolutions inside their own agencies of the State where the problems clearly lie. The parallels with the bungling public health response to the pandemic inside public health state agencies is not coincidental but symptomatic of broad institutional decay and dysfunction.

It wont end until the whole of the militarized apparatus of State oppression is dismantled and scrapped now. The military should only ever be retained for defending against external threats, never turned upon the people who pay their wages, that's the final turn of the vicious spiral into anarchic civil war (suspension of habeas corpus). Police were only ever meant to be Officers of the Peace, never Law Enforcement. After total War the military hands over control of the streets to Officers of the Peace; militarisation of the police and putting military on the streets is naturally escalating society back to wartime conditions.

None of this is unexpected, it has been happening gradually in clear sight for those willing to see, only now it has accelerated to the point when it is plain for all to see. Effectively, USA is already in the early stages of a state of civil war.

Abraham Lincoln spoke of government "of the people, by the people, for the people". This was the ideal of democracy.

It seems it has now become government "against the people, versus the people, over the people". Is this is what American "democracy" has become?

No thinking person is advocating anarchy. Without basic law and order, corporations and other criminals would take over.

We do need community-level policing. The problem is indeed the militarization of what should be a constabulary of local residents. Constables should be known to other local residents on a personal level. Even in big cities, this is possible on a neighborhood-to-neighborhood basis. Constables should display their names with pride.

Military and paramilitary forces should only be used against foreign threats. Unfortunately, the Military-Industrial Complex that Dwight Eisenhower warned about has become too profitable to be sustained by defense and has increasingly relied on offense to keep up the revenues.

Political bribery (lobbying) means that governments are for sale to the highest bidder.
_____

What can be done?

Constitutional changes should outlaw lobbying and limit police use of force.

The military should be be used only for national defense, not for international meddling nor domestic political purposes. Military budgets should be reduced in an orderly fashion so as not to trigger a military takeover. The military should be used domestically primarily to control police excesses.

As I mentioned, Law Enforcement should be replaced with local constabularies with only a basic federal force to keep the police in line.

The whole dirty little system of spying on and keeping files on citizens should be dismantled.

It would be best if this were done peacefully but we all know that more likely those who wield the power now won't give it up without a fight.

[fonship]

Will there be any impact of USA riots on Bitcoin price?

I think what is happening is so much stupidity at many levels by government, citizens and politicians, etc. Last night I was watching all this till 5 AM.
Looks like Police, Government wants to this shit to blow up.
Things are out of control, retail outlets are looted in broad daylight and I see enough people calling all this OKAY for justice.

These things just don't go away, times like these bring permanent divide in societies. Business burned and looted is not justice or any form of peaceful protest.
I believe heavy employment and lack of money because of months-long lockdown, also fueling this. But the kind of people I see which are looting does not seem to be starving.

I worry when business owners stand up against the mob which firearms. That clash will not go well. With Trump's not so calming tweets, Anonymous jumping with rioters, this is getting in the very dangerous category and very much widespread.

Now, I believe instability in many parts of the world, impacts local fiat currencies and more sanctions which leads to increase in the use of bitcoin. But so far those countries were smaller failing countries. The USA is huge, and this unrest will definitely have some impact on understanding how Bitcoin separates people's wealth from government control systems and institutions.


"Rioters, Mobs can loot my cash, Government & Financial Institution can loot my savings accounts, But no one can know where my bitcoins are." - Fonship

And "No country has enough force to fight with their own people"- Fonship

Control it, or we will see the biggest civil unrest in the world.

[Icygreen]

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

^{(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)}

There is some evidence backing torque's assertion: When cops were pulled from highways due to Covid19, deaths per mile went way up. Along with speeds including the 140mph cruise runs by yours truly. I really thought with less people on the road people would drive at speeds which were inherently safe. I was seriously wrong and now cruise at a sluggy 70mph.

So yeah, cops are necessary. Question is how do you keep them from being psychopaths? I mean firefighters aren't psychopaths. EMTs aren't psycho--no wait, they are pretty weird adrenaline junkies.

Unless I've got you wrong, I believe that was sarcasm. Removing guns from both sides does nothing more than change the weapon in a dispute,  I mean recently a guy used his knee and another guy recited his rights until officers submitted.

 Yes, the service police are supposed to provide is essential. Maybe we need to strip the powers of the police down to that of firefighters and EMT's,  Nice sterotype on EMT's, just made the connection now, haha.   Cameras and fines can handle highway patrol more efficiently and soon we'll be into self driving cars really making the Fuzz redundant on highways.
 

[lightfoot]

Unless I've got you wrong, I believe that was sarcasm. Removing guns from both sides does nothing more than change the weapon in a dispute,  I mean recently a guy used his knee and another guy recited his rights until officers submitted.

 Yes, the service police are supposed to provide is essential. Maybe we need to strip the powers of the police down to that of firefighters and EMT's,  Nice sterotype on EMT's, just made the connection now, haha.   Cameras and fines can handle highway patrol more efficiently and soon we'll be into self driving cars really making the Fuzz redundant on highways.
 

Actually I was not being sarcastic and I agree that we need to do something with the police culture. When I get pulled over they go "wow cool car, what's under the hood" which is human and all that but not quite appropriate.

I will not give up my car to a self driving thing. No, driving will just have to die out.

(Yes, I know several EMTs. They are junkies for excitement)

[Biodom]

Between COVID and this unrest it's getting progressively unpleasant, maybe short term, but who knows.
Bitcoin cannot fix this, but I really want it to be at 100K ASAP as it would improve my options as well as for everybody else on W.O., I would imagine.
The quality of life is really low (relatively speaking, of course) right now with all those stay at home directives, no travel, etc, etc...and now social unrest on the top of it.

[lightfoot]

Yeah agreed. I've decided to write off this year as a traditional "this is the path you have been on" and instead think of it as a year to do very different things. Fix old stuff, complete older projects, get some time away from the office type grind and think about what is really important.

Also it's kind of nice because years can just run together when everything is good, then you fail to notice the passing of time and you get old. Like Adam Sandler on Click.

This year.... Man, this year is passing slowly and is like ramming into a brick wall. No fast forward here, every day is a new adventure and every month is a new disaster.

So there's that....