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

[Elwar]

In all fairness, I think banks are between a rock and a hard place when it comes to money laundering.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.

You can't have both so what do you choose?

False-dilemma evasion.  Also a “crime”, in the current year.

I'm glad I'm not the only one who feels this way. I get crickets whenever I bring this up.

Anti money laundering laws are just "you have to tell the government about every transaction you make" laws.

And if you oppose them you're obviously some mob boss trying to move your money from the latest movie style heist.

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[Phil_S]

100 years ago:



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

At noon, a horse-drawn wagon passed by lunchtime crowds on Wall Street and stopped across the street from the headquarters of the J.P. Morgan bank at 23 Wall Street, on the Financial District's busiest corner. Inside the wagon, 100 pounds (45 kg) of dynamite with 500 pounds (230 kg) of heavy, cast-iron sash weights exploded in a timer-set detonation, sending the weights tearing through the air. The horse and wagon were blasted into small fragments, but the driver was believed to have left the vehicle and escaped.

The blast killed thirty people immediately, and another ten died later of wounds sustained in the blast.

[Hueristic]

In all fairness, I think banks are between a rock and a hard place when it comes to money laundering.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.

You can't have both so what do you choose?

False-dilemma evasion.  Also a “crime”, in the current year.

I'm glad I'm not the only one who feels this way. I get crickets whenever I bring this up.

Anti money laundering laws are just "you have to tell the government about every transaction you make" laws.

And if you oppose them you're obviously some mob boss trying to move your money from the latest movie style heist.

Or worse, guilty unless you can prove innocence these days.

[Torque]

OT: Trevor Milton out at Nikola

On September 10, Nikola got hammered by detailed allegations of short-seller Hindenburg Research that the company was “an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career.”

In explaining its short position on the stock, Hindenburg Research summarized: “We have never seen this level of deception at a public company, especially of this size.”

Elizabeth Holmes: "Am I a joke to you??" _{(not public, but you get the reference)}

[cygan]

thats my new home after the hopefully next BTC-bullrun 

[Last of the V8s]

yup ima get myself a island too when number go up

[LFC_Bitcoin]

Peak bull run can’t come soon enough for me. I’d be happy to be on an island on my own, free from nonsense, draconian, communist type ruling that we seem to be living under atm. Nobody will be forcing me to wear a mask to go in a shop once we make bank.

[Biodom]

thats my new home after the hopefully next BTC-bullrun  

Verrry nice (in Borat's voice)...just don't make this man-made island in the South China sea  

Alas, nobody get a feeling that:

"Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity."

Is this a cingularity, collapse, or something altogether different?
Not a good vibe.
"At the crest of the tidal wave"...or, maybe not.

[DeathAngel]

@danheld
Bitcoin will last longer than the US Dollar.
https://twitter.com/danheld/status/1308028623228751873?s=21



That’s it, that’s the tweet.

[Last of the V8s]

nice bit of volume from the capitulating newbs

[Elwar]

Peak bull run can’t come soon enough for me. I’d be happy to be on an island on my own, free from nonsense, draconian, communist type ruling that we seem to be living under atm. Nobody will be forcing me to wear a mask to go in a shop once we make bank.

There is no island in the world that is not controlled by a national government.


Edit: However, I lived briefly on a remote atoll in French Polynesia and there were very few rules where I lived, breaking up hermit crabs to put on a fishing line to catch my dinner. No Internet, solar for electricity, rain for water. Very simple, nobody to enforce any "laws" other than nature.

[Toxic2040]

re:capitulating

Never.


4h


Going to be a battle all week...but just have to weather it out.

See if these daytarders have enough coin to dump downwards toward that gap by Friday...steady as she goes.
D


I was told by good authority there is a turtle in there somewhere.  #dyor
D

#stronghands

[Torque]

@danheld
Bitcoin will last longer than the US Dollar.
https://twitter.com/danheld/status/1308028623228751873?s=21



That’s it, that’s the tweet.

[Torque]

https://twitter.com/michael_saylor/status/1307661319043244038

[Arriemoller]

Peak bull run can’t come soon enough for me. I’d be happy to be on an island on my own, free from nonsense, draconian, communist type ruling that we seem to be living under atm. Nobody will be forcing me to wear a mask to go in a shop once we make bank.

There is no island in the world that is not controlled by a national government.


Edit: However, I lived briefly on a remote atoll in French Polynesia and there were very few rules where I lived, breaking up hermit crabs to put on a fishing line to catch my dinner. No Internet, solar for electricity, rain for water. Very simple, nobody to enforce any "laws" other than nature.

"No internet" doesn't really work for a bitcoiner.

[sirazimuth]

....
...... I lived briefly on a remote atoll in French Polynesia and there were very few rules where I lived, breaking up hermit crabs to put on a fishing line to catch my dinner. No Internet, solar for electricity, rain for water. Very simple, nobody to enforce any "laws" other than nature.

Well that sounds like fun. I'll go out on a limb here and assume there was no bitcoin ATM....

But hey, maybe Jeff whathisname character can do that worn out 15 years ago  "Survivor"  show  there.....
 (Season 289 or some such ridiculous thing)

[Arriemoller]

As I sit here in the night thinking, I must admit that I'm getting a strange feeling of racing against time.
I'm just not entirely sure that the world as I know it will last until the next ATH in Q4 2021, and I really want to cash out enough money to be able to get the hell out if TSHTF.

[explorer]

As I sit here in the night thinking, I must admit that I'm getting a strange feeling of racing against time.
I'm just not entirely sure that the world as I know it will last until the next ATH in Q4 2021, and I really want to cash out enough money to be able to get the hell out if TSHTF.

How did you not notice that TSHTF already? 

[Arriemoller]

As I sit here in the night thinking, I must admit that I'm getting a strange feeling of racing against time.
I'm just not entirely sure that the world as I know it will last until the next ATH in Q4 2021, and I really want to cash out enough money to be able to get the hell out if TSHTF.

How did you not notice that TSHTF already? 

Because it hasn't (yet) in my corner of the world, and I usually, based on history, think that it won't. But I'm beginning to hesitate. It very much depends on the actions of the government in the coming years.

[Biodom]

As I sit here in the night thinking, I must admit that I'm getting a strange feeling of racing against time.
I'm just not entirely sure that the world as I know it will last until the next ATH in Q4 2021, and I really want to cash out enough money to be able to get the hell out if TSHTF.

How did you not notice that TSHTF already?  

Because it hasn't (yet) in my corner of the world, and I usually, based on history, think that it won't. But I'm beginning to hesitate. It very much depends on the actions of the government in the coming years.

Does it, really?
I am starting to believe that we are moving to a bit more chaotic world in the interim.
Maybe something similar to a "Snow crash" world with many small jurisdictions.
It could be different in Europe, but in US the gap (in almost everything) between some places is vast and expanding.
Additionally SHTF situation and "cashing out enough money" kind of contradict each other.
What is money then? If money is unaffected, then it is hardly the dire situation.
If money is affected, then the question is-which assets (if any) you want to hold?
Not an easy answer.