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

[Biodom]

Bitcoin: redefining F-you money

https://www.forbes.com/sites/jamesonlopp/2021/07/04/bitcoin-redefining-f-you-money/

Bitcoin lowers the cost of achieving extreme asset protection to the point that it is reachable by the average person.

Bingo!

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[xhomerx10]

  Americans didn't get rich by goofing off.  They don't call it the "land of productivity" for nothing.

OK, so I have lived here my entire life and have Never heard US referred to as the "land of productivity."
"Land of the Free, Home of the Brave" Yes, but not productivity.

  My cousin got a whole 7 days of maternity leave without pay when each of her kids were born - the law says you can have up to 12 weeks in one year and the company has to keep your position for you but they don't have to pay you.  The sad thing is, the law refers to pregnancy as a disability!  The time you take off is called "Pregnancy Disability Leave".  She had to pump breast milk early in the morning and on her lunch break so someone else could feed them while she worked during the day.  I couldn't believe when I first heard it.  Her husband took steady nights in order to have one of them with the baby at all times.  Talk about stress.
  In Romania new mothers get up to 2 years at 75% of your 12 months average income to a maximum amount (there is a monetary incentive to take only one year in the form of an increased maximum amount plus a small monthly bonus for the first year back) with the first 42 days being mandatory to allow for parental bonding.  The father gets a month off too if desired.

Wow! Talk about a law of unintended consequences! As an employer, this kind of legislation would definitely cause a serious wage disparity. If I had a young man and a young woman both of equal capabilities applying for the same position,  based on this legislation, I would certainly be encouraged to hire the man, and may even be willing to offer him a little more in starting pay. Plain and simply the long term costs of employing the man would be lower, and he could therefore likely negotiate a higher salary and faster promotion through the ranks. It would be irresponsible for me to do otherwise. My responsibility is to my total staff, my customers and my investors. None of them get any advantage from me willingly signing up to pay people to reproduce and not come to work!

Now the root of the relationship between employees & employers is a negotiation. The employee is selling their labor, skills, and reliability and the employer is looking to get the highest value employees with the highest retention rate possible at a reasonable and justifiable cost. Any time government imposes themselves into these negotiations it has consequences for both parties. If government makes it less profitable to hire young women, obviously less young women will be employed and those that are will make less. This is the same reason forced minimum wages achieve the opposite of their intended result. At first, there is a reduction in the number of minimum wage jobs available. If you can't afford to hire low skill workers for a low skill job, then you find other ways to get that job done, whether that be by automation or by dividing up the workload between your existing staff. (Therefore, the true "minimum wage" is and always has been $0) But over time, as the company grows or as higher paid tenured staff leaves or ages out, new employees will inevitably be hired at the legal minimum wage, but chances for advancement beyond that minimum wage will be greatly reduced as it will require more minimum wage workers to achieve the same production at a profitable overall rate. So the immediate result is to suppress employment, and the long term result is to suppress wages.
That's why we are called the Land of the Free, because we are Free to negotiate our own way through life. Government cannot create wealth, they can only suppress it. Therefore, government encroachment on our Freedoms is antithetical to our productivity as well as our freedom.

Happy Independence Day to all! 250 years ago a rag-tag bunch of farmers, tradesmen, & pioneers rose up against the trained soldiers and paid mercenaries of an oppressive foreign crown. They put their lives and their fortunes on the line to fight for the basic freedoms of Life, Liberty, & Pursuit of Happiness! They won against all odds, a way of life we enjoy to this day. This is what we Celebrate.

 I see you already got an earful but I just can't get over the fact that you gave me a 421 word exposé describing how unproductive it would be to employ a female of child-bearing years over a male after saying you've never heard of America referred to as "the land of productivity".  Maybe you haven't heard it but it's clearly part of your psyche.  I'm going to petition your gov't to have "land of productivity" added to your national anthem so it gets equal air time with "land of the free" and "home of the brave".  In my mind, America is much closer to "the land of productivity" than it is to "the land of the free" - I absolutely LOVE visiting the USA but I have never had to show my identification as often in any other country I've visited and don't get me started on paying before you pump gas...

[ChartBuddy]

Explanation

[xhomerx10]

I doubt that very much!

  Americans didn't get rich by goofing off.  They don't call it the "land of productivity" for nothing.  My cousin got a whole 7 days of maternity leave without pay when each of her kids were born - the law says you can have up to 12 weeks in one year and the company has to keep your position for you but they don't have to pay you.  The sad thing is, the law refers to pregnancy as a disability!  The time you take off is called "Pregnancy Disability Leave".  She had to pump breast milk early in the morning and on her lunch break so someone else could feed them while she worked during the day.  I couldn't believe when I first heard it.  Her husband took steady nights in order to have one of them with the baby at all times.  Talk about stress.
  In Romania new mothers get up to 2 years at 75% of your 12 months average income to a maximum amount (there is a monetary incentive to take only one year in the form of an increased maximum amount plus a small monthly bonus for the first year back) with the first 42 days being mandatory to allow for parental bonding.  The father gets a month off too if desired.

On the other hand Welfare Queens get paid for each extra retard they spit out.

 With a little nurturing and a bit of luck, they will grow up to be productive members of American society.  Working stiffs are far too busy to have more than one or two kids.

[Copetech]

if there is no reproduction, you (or your company) would not get customers, pal.
US system regarding paid leave for women is not optimal.
Same with legal $2.79/hr under-minimal wage for the restaurant workers.

See, now that is an unfair portrayal of the compensation packages of wait staff & bartenders. First of all, if the $2.79/hr wage was a serious problem, they would not be able to keep enough staff to keep the doors open. Second, as one who started out in the restaurant business 25 years ago, I can tell you... there's not much out there that will beat a job that sends you home every night with free dinner, and $75-$125 cash in your pocket. At 17, 18, & 19 with no degree, no special skills, and no resume, being able to make $800+ per week cash money off of tips and mileage (pizza delivery, $3.50/hr plus $0.15/mile and 100% of tips) Minimum wage was $5.85/hr but I was doing OK! Ended up leaving that job to work 3rd shift full-time in a grocery store. Even though I had a family member in management that got me in the door at their top payrate, I was still making about 20% less than my below minimum wage restaurant job. Only reason I took it was because it came w/ health insurance and being 3rd shift, it allowed me to finish my education during the day.

Low base salaries is the cause of many problems here.

In addition, in US (at least in some states, including Texas) it is easy for an employer to essentially steal someone's wages.
Example: you are working part time and was supposed to work on a particular day during certain hours. You come and one hour later the boss tells you-we don't have enough customers today, why don't you go home. Obviously, they are not paying you a wage for the time that you were not there. It does not happen in all of US, only some states.
I was not in this situation, but some of my children were and it infuriated the heck out of me.

Employment and wages are an ongoing negotiation between the employees & the employer. A) If the employer does not have enough hours to offer, that unexpected time off should be devoted to finding more secure employment. B) In my experience, when business is slow and I'm over staffed, it's not the employees that have proven to be the most productive and reliable that I send home. Those employees get as many hours as I can give them even though they are probably paid a little higher wage. They are the valuable ones that I want to keep! It's the less productive employees that often spend their time complaining about being slow rather than using the downtime to do things that just can't be kept up with during a rush. (folding napkins, scrubbing the bottoms of tables, rotating the cooler and tossing out expired produce) These are the minimum wage earners that really aren't worth the wages they take. That's why I send them home first, and wouldn't be overly concerned if they ended up finding another job.

Same happens with part time workers at my place of work-they are not being paid for obligatory training hours and even days, for example.
One day there will be a class action lawsuit about this, I am sure.

Obligatory Training time is on the clock and should be reimbursed at regular pay rate (in all states I'm familiar with anyway) Employers that break the law should be reported to the labor board and charged accordingly. Law breakers don't represent a problem with the system, it represents a problem with morality and enforcement. Now optional self paced training videos and online courses is a different matter. These are often offered as free resources to advance your career potential and although not always directly reimbursed, for the "go getter" they nearly always pay off in the long run.

I have been advertising an entry level $18/hr part time job with on job training and clear growth potential to become a full time career for the right candidate. The position has been open for 18 months, and last week I got my first resume in over 6 months. After a short interview I hired the candidate at $18/hr even though he has no formal education or training.
We don't have a shortage of entry level jobs offering quick advancement beyond PT minimum wage. What we have is a shortage of self driven workers with the moral character & work ethic to succeed.

[Copetech]

 I see you already got an earful but I just can't get over the fact that you gave me a 421 word exposé describing how unproductive it would be to employ a female of child-bearing years over a male after saying you've never heard of America referred to as "the land of productivity".  Maybe you haven't heard it but it's clearly part of your psyche.  I'm going to petition your gov't to have "land of productivity" added to your national anthem so it gets equal air time with "land of the free" and "home of the brave".  In my mind, America is much closer to "the land of productivity" than it is to "the land of the free" - I absolutely LOVE visiting the USA but I have never had to show my identification as often in any other country I've visited and don't get me started on paying before you pump gas...

I think you completely missed my point. There are many companies offering extensive maternity & paternity leave as part of their benefits packages to draw the best and brightest employees! My company offers 5 weeks paid vacation plus 10 days paid sick leave / personal days as well as 95% Health Insurance Premium. (employee pays 5% of annual premium split across their weekly payroll, comes out to about $8/week pre tax)

But if it is Required of all employers by government legislation, then there is no benefit to being the schmuck that makes the investment blindly. In that case, it would be my responsibility to be biased against hiring young females. It's the unintended consequences of feel good government policy. It secures the politicians election prospects because it sounds good, but when the reality sets in it's actually most destructive to the very ones it claims to be helping.

There was mention of Welfare Queens. So the cradle to grave multgenerational welfare machines is proclaimed to be a safety net to help poor single moms rise out of poverty right? Except by design, if there is a father figure present the payments are not only stopped, but charged back to the fathers. The number one contributing factor in poverty and crime statistics is unwed mothers raising children with no father figure. But yet the very system "designed to help" is actually paying mothers to stay single and penalizing fathers who want to take responsibility for their own children! It's feel good policy designed to keep the politicians in power by intentionally perpetuating the problem and creating more and more dependent cradle to grave poverty. To understand policy, it's necessary to study the results rather than fighting over the intentions.

[ChartBuddy]

Explanation

[philipma1957]

buddy keeping the price up over 34k do not fail us.

[Copetech]

Oh, BTW... Numbers been UPpity all weekend! Seems to be a pretty solid wall at $36k. We've fallen off a bit for now, but keep slamming against that $36k top and I expect it to become a bottom support in the next day or so. Then it will be the $40k wall to bash against. If we break through that, we may very well be on an extended upward climb!


Or we might drop back to the $30k range to accumulate a bit more momentum for the $40k+ push. Guess we'll just have to wait & see.

[ImThour]

Bitcoiners, what's the best sentence/way to get someone buy BTC and not shitcoins?
I need that for my friends, they investing alot in fucking dogs. (I love dogs IRL)

[bkbirge]

Got a chuckle from this. Source: https://twitter.com/tommyrulznyc/status/1411763878002888711

[ChartBuddy]

Explanation

[bitebits]

Bitcoiners, what's the best sentence/way to get someone buy BTC and not shitcoins?
I need that for my friends, they investing alot in fucking dogs. (I love dogs IRL)

Have Fun Staying Poor

[AlcoHoDL]

Craig Wright’s Bitcoin Whitepaper Copyright Battle Continues
https://gaoson.medium.com/the-bitcoin-whitepaper-copyright-battle-continues-93d4bb54ac3a

It looks like CoinGeek has already accepted CSW as Satoshi
https://coingeek.com/coingeek-weekly-livestream-episode-19-taals-stefan-matthews-shares-early-encounters-with-satoshi-video/

In a stunning revelation, Matthews tells CoinGeek’s Chief Bitcoin Historian Kurt Wuckert Jr. that he initiated a series of proof sessions wherein Dr. Wright met in private with several relevant figures such as Gavin Andresen. The purpose of these highly confidential meetings was to provide evidence that Dr. Wright has the keys to the early blocks in Bitcoin. On these occasions, the invited guest was asked to randomly select any three blocks from the first ten and to dictate a private message that Dr. Wright would sign.

Matthews currently sits as executive chairman of nChain... where CSW is "Chief Scientist"... sounds suss!

Just ignore CoinGeek. It's Calvin Ayre's child, the same group of people in CSW's team, fabricating and feeding each other fake pro-BSV news. It's a waste of time to even visit this site.

[ChartBuddy]

Explanation

[xhomerx10]

 I see you already got an earful but I just can't get over the fact that you gave me a 421 word exposé describing how unproductive it would be to employ a female of child-bearing years over a male after saying you've never heard of America referred to as "the land of productivity".  Maybe you haven't heard it but it's clearly part of your psyche.  I'm going to petition your gov't to have "land of productivity" added to your national anthem so it gets equal air time with "land of the free" and "home of the brave".  In my mind, America is much closer to "the land of productivity" than it is to "the land of the free" - I absolutely LOVE visiting the USA but I have never had to show my identification as often in any other country I've visited and don't get me started on paying before you pump gas...

I think you completely missed my point. There are many companies offering extensive maternity & paternity leave as part of their benefits packages to draw the best and brightest employees! My company offers 5 weeks paid vacation plus 10 days paid sick leave / personal days as well as 95% Health Insurance Premium. (employee pays 5% of annual premium split across their weekly payroll, comes out to about $8/week pre tax)

But if it is Required of all employers by government legislation, then there is no benefit to being the schmuck that makes the investment blindly. In that case, it would be my responsibility to be biased against hiring young females. It's the unintended consequences of feel good government policy. It secures the politicians election prospects because it sounds good, but when the reality sets in it's actually most destructive to the very ones it claims to be helping.

There was mention of Welfare Queens. So the cradle to grave multgenerational welfare machines is proclaimed to be a safety net to help poor single moms rise out of poverty right? Except by design, if there is a father figure present the payments are not only stopped, but charged back to the fathers. The number one contributing factor in poverty and crime statistics is unwed mothers raising children with no father figure. But yet the very system "designed to help" is actually paying mothers to stay single and penalizing fathers who want to take responsibility for their own children! It's feel good policy designed to keep the politicians in power by intentionally perpetuating the problem and creating more and more dependent cradle to grave poverty. To understand policy, it's necessary to study the results rather than fighting over the intentions.

 I didn't miss your point - you don't have a valid one wrt the system I described to you.  The company doesn't pay you for the mandatory leave; the legal requirement is that time off must be given and job must be protected so that you can return to it.  The company's permission is not required for the person to take parental leave.  It would be a grave and costly mistake for a company to even attempt to deny the parental leave. If a company wants to offer a greater incentive for employees such as 5 weeks of paid maternity leave to attract "the best and the brightest", they're still free to do that so I fail to see where there's no benefit in making the "investment".  The only way you're a schmuck (at least in the free world) is to continue with the misogynistic tone your company takes with respect to hiring women over men because... babies!

 And just to bolster my point about the land of productivity; America is a dinosaur when it comes to paid vacation (in fact, is no federal or state statutory minimum paid vacation or paid public holidays).  The only other countries that haven't mandated paid vacation yet are: Kiribati, Marshall Islands, Micronesia, Nauru, Palau, and Tonga.

 Speaking of welfare queens:

https://subsidytracker.goodjobsfirst.org/top-100-parents
NB There are 48 companies in this list at 1 billion dollars or more

 

[ChartBuddy]

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[alevlaslo]

[El duderino_]

[ChartBuddy]

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