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

[Nemo1024]

Bitcoin in today's Dilbert:



Bullish?

[billyjoeallen]

There are two basic ways to influence behavior; you can use/threaten force or you can persuade. The taxers think that persuasion is insufficient encouragement in many cases to get people to contribute to public goods. I think this ignores shame. Shaming has been regarded particularly by leftists as an unethical tactic, even if used for socially beneficial ends, but that actually depends on what you compare it to. Compared to coercion, shaming reduces violence and carries lower social costs.

There is no reason to assume that a completely voluntary society would have any less competition for social status than our present society. By imposing status costs on free riders and rewarding status to contributors, there is every reason to expect that the net level of public goods would be just as high if not higher without a monopoly government. The difference would be in how those goods were administered and their composition. Contributors would have much more control over how their contributions were distributed with a result of more efficient administration.

Competition is the force that turned single-celled organisms into vertebrates, turned apes into engineers. Sanction against violence is what differentiates civilized societies from savages and barbarians. An optimized civil society is one where competition among members is encouraged in socially beneficial ways and discouraged with regards to initiatory violence.

[elebit]

Both bid and ask side on Stamp have more than doubled in a few hours.

Where do you see this data?

[rpietila]

There is no reason to assume that a completely voluntary society would have any less competition for social status than our present society. By imposing status costs on free riders and rewarding status to contributors, there is every reason to expect that the net level of public goods would be just as high if not higher without a monopoly government. The difference would be in how those goods were administered and their composition. Contributors would have much more control over how their contributions were distributed with a result of more efficient administration.

Wow.

[dreamspark]

billyjoeallen: Adding to that I think people underestimate how social we are as creatures and the way in which we want to be potrayed to both friends but in particular prospective mates.

I think that this would lead to more competition in a voluntary society than there is present day society. I also feel that in that case people try harder to suceed due to seeing much more in return for said contributions. Feeling like you are a contributing member of society does wonders for social mobility , which lets be honest, is a huge side effect of the current economic systems.

[roslinpl]

Bitcoin in today's Dilbert:



Bullish?

Bullish!!!!

But funny indeed  it must be "Ubuntu Edge" or something better

[aminorex]

...

I think you have found one of your core competencies, sir.  You articulate these issues with clarity, and with passionate conviction.  If you successfully avoided chest thumping and upsmanship, you could distinguish yourself to lead an army of anarchists to victory.

I am reminded:  Darkest before dawn.

[chessnut]

Billyjoelallen,

'Freeriders' are not a problem (not the small ones - technically anyone with no income is a free rider!). we have a massive surplus of work, everyone wants a job, but they are not needed, because the innovation we have seen in the 20th and 21st century has been immense.

But there is obviously a problem, this is that the income that a robot generates does not go to the poor guy it replaced, it goes all to his boss.

this is why today wealth disparity is greater than ever.

When I was young, I never understood why politicians were always trying to create work, how daft. I still dont understand.

[TERA]

TERA,

huh?

[ChartBuddy]

Explanation

[chessnut]

TERA,

huh?

sorry meant billyjoel.

[aminorex]

wow.  that's like the time i called the previous POTUS George Clinton.

[rpietila]

Billyjoelallen,

'Freeriders' are not a problem (not the small ones - technically anyone with no income is a free rider!). we have a massive surplus of work, everyone wants a job, but they are not needed, because the innovation we have seen in the 20th and 21st century has been immense.

But there is obviously a problem, this is that the income that a robot generates does not go to the poor guy it replaced, it goes all to his boss.

this is why today wealth disparity is greater than ever.

The wealth disparity a) has always been with us, because it is a prerequisite for a functioning society and/or economy, b) does not matter so much as we are in many ways living in an abundance. Hipster lifestyle costs only a few trinkets, coffee, and digital goods. We already have an overabundance of physical goods in many places.

The current power structures hinder us from moving to the next level, globally. Releasing ourselves from them, quickly solves many of the problems, and also the amount of human labor globally would be reduced by 75-90% and replaced by living.

I am not very good in writing about these things though..

[freebit13]

Just a little fyi: my mother has worked at Deloitte's for 25 years and suddenly in the last 2 weeks, questions about bitcoin are appearing on their weekly business acumen quiz email sent round the offices... I see this as a sign that word is getting out in the finance world and they are slowly catching on...

[Denton]

Just noticed the new volume option on bitcoinwisdom.

[F-bernanke]

Just noticed the new volume option on bitcoinwisdom.

Thanks, This is usefull for long timeline volumes analysis.

[soullyG]

Just noticed the new volume option on bitcoinwisdom.

Nice feature, thanks for the heads-up! I also noticed BTCChina: LTC/CNY has been added to the market list

[zyk]

Just a little fyi: my mother has worked at Deloitte's for 25 years and suddenly in the last 2 weeks, questions about bitcoin are appearing on their weekly business acumen quiz email sent round the offices... I see this as a sign that word is getting out in the finance world and they are slowly catching on...

introduced her to Litecoin already?  cause BTC is out and only in the hands of criminals 

[686f646c]

[Suspicious link removed]j.com/article/SB10001424052702303795904579433222564439410.html[/url]

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

The two firms' collaboration, first reported last month by The Wall Street Journal, marks a milestone in the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment...

[hdbuck]

Just a little fyi: my mother has worked at Deloitte's for 25 years and suddenly in the last 2 weeks, questions about bitcoin are appearing on their weekly business acumen quiz email sent round the offices... I see this as a sign that word is getting out in the finance world and they are slowly catching on...

introduced her to Litecoin already?  cause BTC is out and only in the hands of criminals  

lol dude you cant be buying that s*** about LTC.. i see LTC only as a leverage to have moaaar BTC...