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

[roslinpl]

Does this thread actually contain any bitcoin specific information at all any more?  
Apart from a half-hearted CCMF here and there, the off-topic discussions seem to have increased by about 10000%.

Here is the latest 3D chart from my subscription based newsletter "BTC and KPOP daily update":



We are still within the secret descending triangle of DOOM. The doom-train seems to be running out of coal and an upside breakout during or over the weekend seems likely. Tomorrow is Friday so it does depend a bit on how low the end-of-the-week sell-off takes us but I'm optimistic that $600 will hold.

Hmm chart looks good I like redhead charts with nice body

[Richy_T]

 Very Funny.... and witty, Billyjoeallen... even though you are missing the point about how the capitalist is able to take all the surplus value from the increased benefits and to put them into his pocket.

You're not a capitalist? You work for free or just to cover living expenses?

[dreamspark]

Is Reuters for real?  Linked-in?  Netflix?  I guess they're all just scams and don't actually support millions of real-time feeds and petabytes of bandwidth, since they are on EC2 as well.

0/10 points for your ignorant troll, you should not troll again.

reuters.com > 206.132.6.134
206.132.0.0/19 SAVVI-3 NOC99-ARIN

linkedin.com > 216.52.242.86
LinkedIn Corporation INAP-LAX-LINKEDIN-38682 (NET-216-52-242-0-1) 216.52.242.0 - 216.52.242.255
Internap Network Services Corporation PNAP-8-98 (NET-216-52-0-0-1) 216.52.0.0 - 216.52.255.255

netflix.com > 69.53.236.17
69.53.224.0/19 NETWO560-ARIN Netflix Inc

Plus netflix uses its own CDN for actual video delivery.

Funny that you mention linkedin as well as they have been complaining that ec2 allows attackers to quickly and easily scale up and down their compute power when scraping for user details.

I didnt say scam did I, and its different when talking about a page like Reuters and a real time trading engine that cannot go down.

A lot of companies also just use their s3 services. Notice on the case study page were talking about all AWS and not necessarily hosting.

[soullyG]

You stay classy Leah, you crazy old thing..

[Richy_T]

Amazon EC2 is mostly used to host scams, spambots and that sort of thing.

Haha, no. I'm sure there's a lot of that going on but there's a whole lot of legit stuff going on there also. If you drop traffic from there, be prepared for some stuff you take for granted to break.

[686f646c]

Based on their observations that the months of May, June and September show no earnings the authors conclude that it was likely that the Dread Pirate Roberts was using a different computer than the one seized by the FBI to store bitcoins earned from the Silk Road during these months.

The authors also note that based on estimates that the Silk Road marketplace generated sales revenue of more than 9.5m BTC with an average commission rate of 6.67%, that the Dread Pirate Roberts earned a total of approximately 633,000 BTC, or only one-third of the bitcoins identified by Ron and Shamir in Table 1.

In other words, the FBI only seized 22% of Dread Pirate Roberts’ total bitcoin holdings.

http://www.coindesk.com/pirate-treasure-resurfaces-bitcoins-first-academic-workshop/

according to this research, dpr still has 488k coins (mark hodling for him? )

[Richy_T]

so save me hours upon hours of time and sum up the parts that are relevant to my issues, if indeed those books contain any.

If you are trying to say that you have provided me real answers specifically to the issues I brought up, please quote yourself, because I am actually interested and must have missed it the first time around.

Do your own homework. The principles have been summarized many times already in this thread which probably already has many people reaching for a length of rope. Either you want summaries, which you have been given several times over, or you want more detail which can be obtained from the works of many eloquent and considered writers. Pick one.

[dreamspark]

according to this research, dpr still has 488k coins (mark hodling for him? )

Didnt you hear, DPR bailed out gox after they lost all their coins in 2011. Now DPR isn't around anymore Mark has taken the chance to run with his coins

[686f646c]

I have written several times what is my opinion of bitcoin. Please read it (you may be even more disappointed then).

No, I have no interest in sociological research on the bitcoin community. 

And yes, I have a PhD in computer science, that I got by asking stupid questions.

How I Quit My PhD And Went Full-Time Bitcoin - Ryan X. Charles

[Richy_T]

Frankly I would not want those people working for me.  I think everyone is better off if they are bribed into staying out of the workforce.  The reason is the same as the reason why the argument that market-based minimum wage is better than mandated is so bogus:  Lots of people have negative productivity.  No matter how hard they try, they will do more damage than good.  GHWBush, and BObama for example.  Would you want either of them making you a coffee?  Blech.

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

[Richy_T]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Heck, there's nothing to say that Unions can't see the writing on the wall and clean their act up. Of course, it helps if your competitors self-destruct (c.f. the British car industry).

[octaft]

Frankly I would not want those people working for me.  I think everyone is better off if they are bribed into staying out of the workforce.  The reason is the same as the reason why the argument that market-based minimum wage is better than mandated is so bogus:  Lots of people have negative productivity.  No matter how hard they try, they will do more damage than good.  GHWBush, and BObama for example.  Would you want either of them making you a coffee?  Blech.

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

People that say stuff like this sound like they subscribe to the Just World fallacy, for this case specifically that every problem someone has stems from themselves, and that you can't possibly be struggling if you're working hard. It's a lie some people tell themselves to make them feel better, usually out of either a fear of it happening to them, believing that it cannot happen to them, or believing that since it has never happened to them, the poor must be doing something wrong. Every ex-CEO probably subscribed to that theory until they had to start delivering pizzas.

Either that, or you have a heavy and unwarranted disdain for poor people, but I'll give you the benefit of the doubt.

[aminorex]

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

You're such a long-term thinker.
"A new life awaits you in the Off-World colonies. The chance to begin again in a golden land of opportunity and adventure. New climate, recreational facilities.....absolutely free."
We should ram one of the ice moons of Saturn into Mars to kick-start a terraform.

People that say stuff like this sound like they subscribe to the Just World fallacy.

Whether your productivity is positive or negative doesn't depend on whether you are rich or poor. 
There are plenty of rich people who could be pruned from the gene pool, and we'd all be better off for it, according to most prevailing value systems (not all).
It's certainly easier to get richer if you have positive productivity, but that's stochastic too.

[JayJuanGee]

I like this voting stats

We can clearly see our community are rather optimists

700$ will come soon!

♥BTC

I voted yes in part b/c the question is so vague.. will BTC reach $700 "soon?"  "Soon" can be widely interpreted... end of the day or within the next six months. ... I think it would have better to specify when that "soon" is, which may change some responses to no.

[jojo69]

You stay classy Leah, you crazy old thing..

recklessly endangers timid retiree by doxxing

gets doxxed...enter /b/

expresses moral outrage

this all adds up   

[octaft]

Whether your productivity is positive or negative doesn't depend on whether you are rich or poor. 
There are plenty of rich people who could be pruned from the gene pool, and we'd all be better off for it, according to most prevailing value systems (not all).
It's certainly easier to get richer if you have positive productivity, but that's stochastic too.

He is specifically talking about people getting "paid not to work." If you are rich, you do not need to be "paid not to work," as he puts it, so I fail to see how your point applies.

I personally see it as providing assistance until someone can get back on their feet, but then again I do not lie to myself and say that it could never happen to me, and I do not lie to myself and say that it is always their fault they are suffering.

Will people abuse this system? Sure. Am I willing to let children of families who legitimately need it starve because of it? Nope.

[octaft]

  In this welfare state the more they breed, the more they're paid.  5 kids? congrats, you make more than the working poor.

How much a month in total cash and food benefits do you think someone with 5 kids gets paid in the US?

EDIT: You guys are defending your arguments with ill-conceived judgments of how struggling people live. I think that a lot of you believe what you believe because you have no idea how things are really going down among the poor and struggling. Some of you still have images of welfare queens eating caviar dancing in your head.

[alexeft]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Is that why Crapwagens break all the time?

[jojo69]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Is that why Crapwagens break all the time?

oh come now, all manufacturers have better and worse efforts, the mid 90s golfs and jettas remain some of the most reliable vehicles ever produced


that said, as I have become older I have realized, depressingly, that absent the threat of starvation all too many people will refuse to do a god dammed thing

[hdbuck]

You stay classy Leah, you crazy old thing..

recklessly endangers timid retiree by doxxing

gets doxxed...enter /b/

expresses moral outrage

this all adds up  

what would be awesome is someone doxing where she is actually hiding so she at least get to experience the pleasure of what she has put Dorian through