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

[hisslyness]

Apologies if it has already been posted:

Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra

Just listened to Saylor's 5-minute opening remarks, on what is sure to be a great debate.

Grab your popcorns! Where's r0ach?

Thanks. Interesting listen so far.

Have never understood the "end of the world but I have gold" argument, certainly not against Bitcoin.

If there is a massive cyber attack, you are struggling for food if supermarkets are empty, barbarians roam and run the streets, internet and telephone lines are unavailable, there is no postal service etc
Seriously what would be the point in comforting your loved ones in saying:
"It's ok my darlings, I have dozens of bars of gold stored away in some random vault in Switzerland. We'll be fine. Just need to figure out a way to get ahold of them. I might try pigeons."
Would it help?  

From the YouTube comments:

"Michael was talking about Bitcoin, Frank was talking about Michael."

Will be fun watching this debate 5 years from now...

That's a good one.
 

Frank: "Gold performs really well during periods of high inflation, the last time we had that was in the 1970s."

Sounds great Frank, I need to possibly wait longer than the time I have spent on earth so far to see a potential investment in gold do well. Sign me up!

I think I just got dumber listening to Frank!

Why would you go into a debate about Bitcoin and not have a deep understanding of Bitcoin. I bet he has my even read the white paper...

Michael’s wealth of knowledge on gold surpassed Frank, ten folds!

Frank seems to regurgitate FUD he has read on the internet....

I had to stop watching after 52mins... I think I know how the other 1hr will play out!

Frank: I’d rather own Gold, because I am happy with central banks manipulating the prices and suppressing it value! Wow! Just fucking wow!

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[xhomerx10]

B. Maher says that we are full of s-t in conclusion:

https://www.youtube.com/watch?v=HaJpYjO136o

, but I think that it is he who is full of it instead.

 He might have had some valid points but he lost me when he started with, "I fully understand that our financial system isn't perfect but at least it's real."

Dan Held explained it nicely:
https://twitter.com/danheld/status/1387783269710655503

 Exactly!  Humans use too much energy - even the ones using the real financial system.

[xhomerx10]

Apologies if it has already been posted:

Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra

Just listened to Saylor's 5-minute opening remarks, on what is sure to be a great debate.

Grab your popcorns! Where's r0ach?

 I'm just 17 minutes into the video and I'm pretty sure Giustra just ran out to hit up the nearest bitcoin ATM.

[El duderino_]

Someone projected an important message on the Bank of England last night (h/t @DominicFrisby)

download gambar gif
https://twitter.com/apompliano/status/1388489168200798214?s=21

[Kylapoiss]

https://news.bitcoin.com/some-african-crypto-users-see-bitcoin-as-an-alternative-source-of-retirement-income/


Is this the so called mainstream adoption?

[Biodom]

Apologies if it has already been posted:

Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra

Just listened to Saylor's 5-minute opening remarks, on what is sure to be a great debate.

Grab your popcorns! Where's r0ach?

 I'm just 17 minutes into the video and I'm pretty sure Giustra just ran out to hit up the nearest bitcoin ATM.

To sum it up: not a debate, but one side providing solid moral, technical and futuristic arguments and another saying things like "watch out, they will ban you", again and again.

[El duderino_]

https://twitter.com/100trillionusd/status/1388179521455669248?s=21

Written Januari 11, 2009 ....

#legends

[Torque]

Apologies if it has already been posted:

Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra

Just listened to Saylor's 5-minute opening remarks, on what is sure to be a great debate.

Grab your popcorns! Where's r0ach?

 I'm just 17 minutes into the video and I'm pretty sure Giustra just ran out to hit up the nearest bitcoin ATM.

To sum it up: not a debate, but one side providing solid moral, technical and futuristic arguments and another saying things like "watch out, they will ban you", again and again.

Kinda like how the media continues to beat the same warning ever year to the pleb masses "watch out, the stonk market is in a bubble and could pop any second now" whilst the wealthy elite continue to sink trillions $$$ into it every year, ATH after ATH.

[Torque]

B. Maher says that we are full of s-t in conclusion:

https://www.youtube.com/watch?v=HaJpYjO136o

, but I think that it is he who is full of it instead.

Dan Held explained it nicely:

https://twitter.com/danheld/status/1387783269710655503

Poor deluded man thinks the financial system is real.

An inconvenient truth that no one compares to Bitcoin mining: The fashion apparel industry accounts for 10% of global carbon emissions and 20% of industrial water pollution.

https://www.sustainyourstyle.org/old-environmental-impacts

[Sayeds56]

https://twitter.com/100trillionusd/status/1388179521455669248?s=21

Written Januari 11, 2009 ....

#legends

Can you stop Bitcoin going to 6 digits ?

[BitcoinBunny]

B. Maher says that we are full of s-t in conclusion:

https://www.youtube.com/watch?v=HaJpYjO136o

, but I think that it is he who is full of it instead.

Dan Held explained it nicely:

https://twitter.com/danheld/status/1387783269710655503

Poor deluded man thinks the financial system is real.

An inconvenient truth that no one compares to Bitcoin mining: The fashion apparel industry accounts for 10% of global carbon emissions and 20% of industrial water pollution.

https://www.sustainyourstyle.org/old-environmental-impacts

The clothing attitude of people is truly one of the biggest hypocrisies if one is worried about the environment.
I prefer buying more premium clothing I can keep for years. I wear the same shoes for years.
I only have to replace slippers every year or two because they are basically my work shoes. Even then I buy the more expensive ones I can find.
I mostly wear an expensive leather jacket I bought 7 years ago. I take it to the dry cleaning from time to time and it comes back new.

My girlfriend's attitude is to just constantly buy new shit and donate old clothes to "charity" because it's so cheap and crap quality.
She even moans at me for keeping certain jackets long or wearing them too often.
I'll probably end up chucking her out the door as quick as she dumps clothes if she doesn't stop that shit.

[Richy_T]

https://twitter.com/100trillionusd/status/1388179521455669248?s=21

Written Januari 11, 2009 ....

#legends

I think his third paragraph makes an unfounded assignment and a couple of shaky assumptions but still gives a good general idea.

[Torque]

B. Maher says that we are full of s-t in conclusion:

https://www.youtube.com/watch?v=HaJpYjO136o

, but I think that it is he who is full of it instead.

Dan Held explained it nicely:

https://twitter.com/danheld/status/1387783269710655503

Poor deluded man thinks the financial system is real.

An inconvenient truth that no one compares to Bitcoin mining: The fashion apparel industry accounts for 10% of global carbon emissions and 20% of industrial water pollution.

https://www.sustainyourstyle.org/old-environmental-impacts

The clothing attitude of people is truly one of the biggest hypocrisies if one is worried about the environment.
I prefer buying more premium clothing I can keep for years. I wear the same shoes for years.
I only have to replace slippers every year or two because they are basically my work shoes. Even then I buy the more expensive ones I can find.
I mostly wear an expensive leather jacket I bought 7 years ago. I take it to the dry cleaning from time to time and it comes back new.

My girlfriend's attitude is to just constantly buy new shit and donate old clothes to "charity" because it's so cheap and crap quality.
She even moans at me for keeping certain jackets long or wearing them too often.
I'll probably end up chucking her out the door as quick as she dumps clothes if she doesn't stop that shit.

Yeah...I don't mean to gender bash here, but the majority of women I've met in my life are the biggest hypocrites in that regard.

They are the biggest consumers of "fast fashion", chasing passing fashion fads (cough *trends*) year after year, yet also the most vocal about planet "sustainability" and "eco-friendliness".  

I know some men are just a bad though. Mostly young men.

[JayJuanGee]

https://news.bitcoin.com/some-african-crypto-users-see-bitcoin-as-an-alternative-source-of-retirement-income/


Is this the so called mainstream adoption?

I don't really see that as any kind of new phenomena.  Sure more and more people are becoming aware of bitcoin and figuring out ways to attempt to allow bitcoin to either supplement their other expected sources of retirement income or to replace their other expected sources of retirement income.

Many of us here realize that if you attempt to rush such a retirement or "fuck you" plan, you could well end up screwing up such plan because you get overly excited, you pull the fuck you lever too soon, you fail/refuse to calculate for BTC's volatility or transfer into fiat based assets which actually might not help you in terms of how you treated BTC's volatility, you get distracted into ideas of earning "interest" on your bitcoin and then put too much of your bitcoin at risk, or other ways of insufficiently planning based on personal situations and also reasonable attempting to understand how bitcoin might fit into that by trying to have a decent grasp on how to use such bitcoin to your advantage.

In sum, I don't really consider the contents of such above-linked article as anything really new because the devil is in the details in terms of how bitcoin might be incorporated into a retirement plan, and of course, today we likely will consider the matter of how to incorporate bitcoin into such retirement plan differently as compared with 3-8 years ago, but even with much of what us longer-term bitcoiners perceive to be increases in liquidity, options and adoption, there still seem to be quite a bit of ongoing lackenings of widespread adoption (mainstream) because in some sense retail remains somewhat scared about recent price increases of 5-6x (so they do not understand and they fear getting dumped on- which is a real and legitimate fear), while BIGGER players and institutions are behind the scenes scooping up bitcoins and also playing around with some of the various evolving bitcoin related financial products to attempt to figure out if there are ways that they can profit through the use of such ongoingly developing financial products that are not so much accessible by retail (while retail is increasingly getting scared by hurdles including KYC, AML and other bullshit complications of just trying to get some systems set up for their lil selfies and perhaps their modest DCA'ing or other reasonable tactics that they might perhaps consider employing).

[Parazyd]

Poll: "My family".

WO is my family <3

[lightfoot]

Yeah...I don't mean to gender bash here, but the majority of women I've met in my life are the biggest hypocrites in that regard.

They are the biggest consumers of "fast fashion", chasing passing fashion fads (cough *trends*) year after year, yet also the most vocal about planet "sustainability" and "eco-friendliness".  

I know some men are just a bad though. Mostly young men.

You know, my brain's wheels are turning right now with a thought:

"Is an inflationary money policy the driver behind the desire to endlessly consume?"

Really, I never thought about it in this direction. Thinking......

[Torque]

Yeah...I don't mean to gender bash here, but the majority of women I've met in my life are the biggest hypocrites in that regard.

They are the biggest consumers of "fast fashion", chasing passing fashion fads (cough *trends*) year after year, yet also the most vocal about planet "sustainability" and "eco-friendliness".  

I know some men are just a bad though. Mostly young men.

You know, my brain's wheels are turning right now with a thought:

"Is an inflationary money policy the driver behind the desire to endlessly consume?"

Really, I never thought about it in this direction. Thinking......

Oh absolutely. Beyond a doubt.

The Fed and the govt want people to spend spend spend those stimmy checks. Not hoard as savings or convert to investments, assets, etc. Consumer spending is the only thing that drives economies of the world.

Just take a look at this chart, and tell me what you see:

https://fred.stlouisfed.org/series/M2V

[Richy_T]

You know, my brain's wheels are turning right now with a thought:

"Is an inflationary money policy the driver behind the desire to endlessly consume?"

Really, I never thought about it in this direction. Thinking......

They explicitly claim inflation as a method to "stimulate the economy". So yes.

Sound monetary policy is demonized as leading to a "deflationary spiral". Otherwise known as sensible spending.

[ErisDiscordia]

You know, my brain's wheels are turning right now with a thought:

"Is an inflationary money policy the driver behind the desire to endlessly consume?"

Yes.

Our financial system depends on perpetual growth. Since all money is debt-based, we are always creating more of it to service the interest from having borrowed it into existence. If all debts were to be paid off simultaneously, there wouldn't be enough money in the world to actually do it. So we keep creating more. This is monetary inflation, which eventually leads to price inflation unless you monetize more goods, meaning you make more things available for purchase for the newly created money, thereby balancing out supply & demand and preventing price inflation.

We are being driven towards endless consumption in order to perpetuate the status quo. We are always to be two missed paychecks from destitution so we will latch onto any false form of material happiness marketed towards our fears and frustrations.

Remember this the next time some smug douchebag pulls the "muh EnErGy cOnSumpTIon" card against Bitcoin. Deflationary crypto may yet be the biggest boon for the environment. It turns people from consumers into hodlers.

[d_eddie]

B. Maher says that we are full of s-t in conclusion:

https://www.youtube.com/watch?v=HaJpYjO136o

, but I think that it is he who is full of it instead.

 He might have had some valid points but he lost me when he started with, "I fully understand that our financial system isn't perfect but at least it's real."

Dan Held explained it nicely:
https://twitter.com/danheld/status/1387783269710655503

 Exactly!  Humans use too much energy - even the ones using the real financial system.

Mechanical/biological POV: boiled down, it's how much of a quasi-monoculture of humans can this planet sustain at various levels of mutual comfort? If we were in the low-mid hundreds of myriads, no problem: have all the tantalium you want - or buffalo, or whatever you can realistically find. Just a matter of price. Oops. Be it the economy or just a kind of behavioral physics, we end up doing hat many other animals - or plants - do when left alone in a place where they "just can": multiply and grow in shapes that often are exponential up to a ceiling, much like an S of sorts. But I digress. There are S-curves that spin more pleasant thought, and this gentlemen.