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

[xhomerx10]

10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590.
The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.

They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:

The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!"
"It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We ​​got nothing! This system exploits us poor! ”

The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.

This is why I always pay an equal share of everything whenever I go to a strip joint.
Imagine relying on a rich friend and he doesn't turn up one night.
The horror.

 WTF?!  They let you run a tab?  You must go to the poshest of peeler pubs.  I've never even seen the inside of a gentlemen's club that extended credit.  Best we can do is buy rounds and hope everyone stays for at least one each.

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[Toxic2040]

the evening wall report

Well...im trying dang it..but its hard to get into bear mode with bitcoin still trading over $50k  

You jinxed it.

quite possible

+1 WOsMerit


D close up

[nullius]

Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated.

And what about generational wealth, you cool with putting a tax on "dead" money (when someone uber rich dies)?

Or is successful a term that applies to anyone you are associated with, no matter what they did to generate that success?

There is where nullius starts to write long essays about heirs.  This is where nullius starts to refer to himself in the third person.  This is where nullius starts to quote himself.

Why do you suppose that, for example, Warren Buffet advocates for the Marxist death tax—whilst he simultaneously assures Berkshire Hathaway shareholders that upon his death, only about 1% of his estate will be liquidated to pay taxes?  Oh, yes:  The death tax is a weapon of mass destruction against small, family-owned businesses, and also against independent family farms.  It is a device to keep BigCorps at the top, and to prevent wealth from accumulating at the bottom and the middle.

This is where nullius really stops following the Wall before it eats all his time again.

[Toxic2040]

-snip-
This is where nullius really stops following the Wall before it eats all his time again.

[nullius]

-snip-
This is where nullius really stops following the Wall before it eats all his time again.

I am really only here until Bunny makes Ava do Bitcoin so that I can make Ava go make me a sandwich some heirs, whose inheritance must be protected from the taxation predation of Buffet the Bolshevik.

(Wow, it is weird what happens when two trains of thought get crossed this way.  Albeit not so weird as the criss-crossing of genetic recombination through a Merkle-Damgård construction.  —But enough about my Bitcoin fetish.  After I am done hashing Ava’s elliptic curves, I will keep our “communications” private by teaching her the Chacha20.)

[Arriemoller]

[BitcoinBunny]

[sirazimuth]

.....

There is where nullius starts to write long essays about heirs.  This is where nullius starts to refer to himself in the third person.  This is where nullius starts to quote himself.

....

This is where my scroll wheel goes into overdrive....

[nullius]

.....

There is where nullius starts to write long essays about heirs.  This is where nullius starts to refer to himself in the third person.  This is where nullius starts to quote himself.

....

This is where my scroll wheel goes into overdrive....

This is where you delude yourself that I give a fuck.

[DaRude]

10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590.
The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.

They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:

The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!"
"It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We ​​got nothing! This system exploits us poor! ”

The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.

10th friend owns all 9 houses his friend live in and collects rent from them. He has more total wealth than his other 9 friends combined. On top of that every year 10th friend amasses more and more % of over all wealth, as the other nine own less and less. So the other 9 friends get together and say remember how things were more even with the tax rate 30yrs ago? Yeah lets make sure not come back to that as current trend is totally sustainable, instead let's just blame the friend who's poorer then you. 10th friend doesn't do anything and just buys more land

Plot twist, back in high school, 9 friends screwed around smoking weed all day and gave the 10th friend wedgies for always doing his homework on time. Now they are all grown up and they want to go back to how things were 30 years ago when they weren't such losers. They want to fuck around and make their hard working friend pay for it.

Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated.

You seem to be missing my argument so let me spell it out. I'm saying that, we have a runaway unsustainable indicator, wealth distribution is flashing red, we're at historical levels we've never been before, and trend continues in the wrong direction.

1st level resposes- It's not an issue, despite the fact that overall population is more educated then ever before, poor people are just lazy druggies, lets push the pedal to the metal. Anyone proposing solution to freeze distribution disparity at current levels or god forbid attempt to bring it back in line with what it was in the 70s is a dirty red commie bastard, and better be dead than red. <-- this is the group you seem to fall into

2nd level-yes it's an issue but we still have some wiggle room and the situation is not as dire as you make it out to be. We believe in solution X and are willing to keep the current trend hostage, keep the trend going until 1% owns Y% of total wealth or our solution is adopted

[sirazimuth]

....

This is where you delude yourself that I give a fuck.

Where did I say I think you give a fuck?  Got a hair across your arse bud?

[d_eddie]

I am currently watching the end (soon, hopefully) of the 3rd season of "Dark" and it resonates quite well with that and a block universe model. It's almost like it already happened in a sense and we are just unveiling the statue so to speak.

I finished watching it a couple of weeks ago. It's dark, not scary. Heavy, not ominous. It is so complicated to follow that at a certain point I had to take notes not to get Lost (which is a different world, different series of course - that would have been bad). Then I found a helper site in the netflix.com hierarchy that sorts it all out, in a very precise German spoilerless way. "Tell uz vich zeazon/episot you're at, vee von't spoil your fun." Besides, when Season 3 is over, that's it. No aimless wandering, no jumpin' the shark.

Not for everyone, but very well made.

[shahzadafzal]

Buckle up... to the moo man guys to the moon!!!

[JayJuanGee]

[...much snip...] But I doubt that we can have a world without government, and it seems that the more dense the population (such as in BIG cities), the more needs there are for a variety of government services.  There does not seem to be enough land for each person to have self-sustainability and voluntariness without attempting to account for various public goods, whether we are talking about roads or air and water or even questions about access to property that could be classified as either public or private depending on the structure - and I question whether removing government even resolves property rights and access matters.

time to immigrate to mars. plenty of prime* land is still up for grabs.

*definition of "prime" subject to change.

Yes.. exactly.

All these pie in the sky visions that people can have their own space blah blah blah, works fine and dandy if you happen to live on an island, and gosh, I will let you guys go first who are going to be the mars pioneers and I will stick it out here on boring earth with the boring hookers, lambos and blow, even though there is some pollution of air and water in these here parts, there are still decent ways to make them potable.

Giant, likely insurmountable sell wall on Bitstamp. Looks like another humiliating leg down is eminent.

Ok.  I see it at around $51,800...

It is still there.   As I type this post, it is around 100 coins (which would be $5,180,000 million - not really that BIG of a wall, no?)

Even though you are suggesting that such wall of 100 coins for sale has actual stopping power, seems that the BIGGER question would be whether it gets eaten or pulled, no?

[xhomerx10]

.....

There is where nullius starts to write long essays about heirs.  This is where nullius starts to refer to himself in the third person.  This is where nullius starts to quote himself.

....

This is where my scroll wheel goes into overdrive....

This is where you delude yourself that I give a fuck.

 Fess up nullius! That right there was comedy gold (rat poison)².

[nullius]

.....

There is where nullius starts to write long essays about heirs.  This is where nullius starts to refer to himself in the third person.  This is where nullius starts to quote himself.

....

This is where my scroll wheel goes into overdrive....

This is where you delude yourself that I give a fuck.

 Fess up nullius! That right there was comedy gold (rat poison)².

Eh, it was comedy BCH BSV.  Comedy Bitcoin was my depriving his scroll wheel of a long Nullian essay.  His scroll wheel’s love of my words was sufficiently important enough for his keyboard to post about it; but the love is unrequited.

[xhomerx10]

[virasog]

[JayJuanGee]

Crypto?

[nullius]

The enormous server farms that power Google, Facebook, Amazon (and all AWS customers), Netflix, Twitter, Microsoft (including Github), Cloudflare, every Y Combinator startup, Palantir, the NSA, etc. are all destroying... everything.


So when you die, who gets your Bitcoin?  LOL, Bolshevik Buffet wants for you not to think about that.  Live for yourself, carpe diem, you lonely little individual atom floating in a sea of talking monkeys.

Crypto?

Shortest JJG post ever:  Wordy-man ATL!  That’s it:  Bitcoin is dead.  Selling all my coins now...