octaft
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April 30, 2014, 04:49:18 PM |
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http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.htmlEveryone who bashed this GIF with no second thought or research proved they are completely clueless in life. Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average. The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways. This movement will most likely become more widespread. It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics: 1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control. 2. People read recommendations as mandatory a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are). b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending. In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing). In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats. Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending? The population of most of the places they mention are like 10k or less people. The place where the "utopia" has become a "reality" has a population of about 1000 people, and that's according to the article itself.
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Adrian-x
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April 30, 2014, 04:53:37 PM |
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The impending (and almost certain) closure of the bank withdrawal channels of Chinese exchanges will inevitably lead to transfer of some of the coins that are now in their client accounts to the Western exchanges. More coins, no new dollars, can only cause the price in the West to go down. The only question is by how much.
How exactly that will play out seems still uncertain. The Chinese exchanges have been remarkably silent after the last PBoC move, in contrast to the weeks after the late March Caixin leak. One of them at least has said that it will avoid public announcements because it does not want to cause commotion in the market.
I wonder how far they will take this new "PR policy":
1. The Chinese exchanges may give their clients advance warning of the bank withdrawal closure, or the closure will happen only on the May 10 deadline. In that case I expect that there will be a rush by most Chinese clients to sell their bitcoin (which they cannot use for commerce in China, and probably do not believe it ever go to the moon) and withdraw the CNY while they can. Other clients who have some connection to the West may choose to move their bitcoin to Western exchanges and continue trading there. Abitragers, habitual or improvised, will use any CNY still in their accounts to buy cheap coins there and sell them in the West. Then the price will drop in the Chinese exchanges, and the Western ones will follow.
2. The Chinese exchanges will close CNY bank withdrawals before May 10, without advance warning. Then many clients with CNY trapped in their accounts will try to buy bitcoin to move them out. The price of bitcoin in China will probably rise sharply. Arbitragers, insiders, and other clients who have other ways of withdrawing CNY will make handsome profits at the expense of ordinary clients. Arbitrage may temporarily transfer some of that price increase to the West, but that will be counteracted by the pressure of other clients moving bitcoin to the West, even at a loss, to get their money out. Since in the end the net amount of bitcoin in the Chinese exchanges must decrease, the latter effect must predominate, so the price in the West will decouple and fall while it rises in China.
3. The Chinese exchanges may just shut down without any prior warning, or block bitcoin widthdrawals as well; so that both the CNY and bitcons of their clients will be trapped inside, except perhaps for some privileged users or some restricted non-bank channels. This option seems very unlikely, considering what happened to the owners of the GBL exchange.
In any case, I imagine that some Chinese traders who keep most of their bitcoins in private wallets, outside the exchange, may want to sell them, since the withdrawal restrictions may take all the fun & profit out of the bitcoin speculation game. Therfore some of those coins will also find their way to the Western exchanges.
Ace Bear Troll, in terms of OldGeek Levels of thinking1) On the surface he is a level 1 bear. 2) Posts analysts and FUD from a level 2 Bear perspective. 3) Acts like a level 3 bear, but occasionally joins in level 1 bitcoin proponent and bull bashing, (calls time out when Jorge bashing becomes insulting when using level 1 strategy.) The above quote is a level 3 play, he is appealing to the rational risk taking in of the average trader, but in fact is planting a the seeds of greed, sell now to buy more later. Sell now so there is little support when the Chinese markets lose fiat liquidity, functionally he is testing bitcoin resilience, in reality we will only find out later if Jorge is a septic or a cynic.
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Adrian-x
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April 30, 2014, 04:55:14 PM |
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Yup. In the current climate, I'd say that falls more into the category of 'not bad news' rather than 'good news'. It is good news for bitcoin bad news for the price of bitcoin. in that dirty money rents a miner, mines clean bitcoins, sells clean bitcoins for clean cash. the net result will be selling pressure on bitcoin, but a growing network. so cheep coins Anyone renting a miner is not going to be able to sell a large amount of coins. 3THS only gets you about 0.19BTC a day with this difficulty. this is positive, so greed keeping bad actors out.
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ChartBuddy
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April 30, 2014, 05:00:53 PM |
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hdbuck
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April 30, 2014, 05:04:36 PM |
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http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.htmlEveryone who bashed this GIF with no second thought or research proved they are completely clueless in life. Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average. The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways. This movement will most likely become more widespread. It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics: 1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control. 2. People read recommendations as mandatory a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are). b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending. In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing). In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats. Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending? yeay thx bud, thats the spirit ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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JorgeStolfi
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April 30, 2014, 05:09:39 PM |
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The above quote is a level 3 play, he is appealing to the rational risk taking in of the average trader, but in fact is planting a the seeds of greed, sell now to buy more later. Sell now so there is little support when the Chinese markets lose fiat liquidity
Hey, I am not recommending anything. Anyone can decide whether what I wrote makes sense or not. Do you mean that trolls are posters who force people to think? we will only find out later if Jorge is a septic or a cynic.
Argh, there goes my cover! I confess, I am "septic" -- I am trying to infect my compatriots with deadly skepticism. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Adrian-x
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April 30, 2014, 05:17:42 PM |
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http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.htmlEveryone who bashed this GIF with no second thought or research proved they are completely clueless in life. Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average. The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways. This movement will most likely become more widespread. It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics: 1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control. 2. People read recommendations as mandatory a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are). b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending. In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing). In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats. Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending? +1 I could not believe it but in many Chinese cities (not the mega city's with traffic lights that people use) but the 3+ million people strong cities, where people treat the signs as as advisory only, how there are no tragic jams, the tragic just keeps moving it just gets slower during the peak. It is not easy to adjust, I may never adjust, driving head on into oncoming tragic on the wrong side of the road to avoid the two loan idiots who stopped at the tragic light that scares the s#!t out of me, but it works, and I was impressed, my favorite tragic sign.
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JorgeStolfi
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April 30, 2014, 05:18:17 PM |
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PS. Unless "septic" was intented to be the term for a polynomial of degree seven (after "quadratic", "cubic", "quartic", "quintic", and "sextic"). I have seen mathematicians use other bizarre terms like "septonic" or "septemic" in a vain attempt to avoid chuckles in the audience.
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silverfuture
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April 30, 2014, 05:19:15 PM |
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http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.htmlEveryone who bashed this GIF with no second thought or research proved they are completely clueless in life. Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average. The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways. This movement will most likely become more widespread. It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics: 1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control. 2. People read recommendations as mandatory a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are). b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending. In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing). In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats. Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending? http://www.telegraph.co.uk/news/uknews/1533248/Is-this-the-end-of-the-road-for-traffic-lights.htmlhttp://www.impactlab.net/2010/10/19/turning-traffic-lights-off-improves-flow-and-safety/
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Adrian-x
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April 30, 2014, 05:38:17 PM |
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Hey, I am not recommending anything. Anyone can decide whether what I wrote makes sense or not. Do you mean that trolls are posters who force people to think?
Most people will never understand macro impact, they think as far as self interest, but until one is enlightened to the fact that we are part of an ecosystem that is wholly dependent on all players ( plants micro organisms and animals) acting on self interest, you realize your success is dependent on success of the whole. Your input in the context of someone who is invested in Bitcoin has consequences, it implies the logical thing to do is acting on greed sell now to buy more later at the expense of those who will be forced to sell later, this input while valid is valuable to the ecosystem as a whole, but it does not serve the best interests of the whole, it serves to confirm the ramifications of your cynicism. A true researcher would look to draw a conclusion without creating influential feedback. So one can only conclude you are a researcher and researching something where your input is part of the experiment, you are diligently trying not to influence.
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derpinheimer
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April 30, 2014, 05:41:38 PM |
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So I watched some videos of these 'shared space' intersections.
As expected,traffic slows to a crawl and that is in a tiny,barely used set of roads.
Lol@people thinking these are a serious replacement for city lights.
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Adrian-x
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April 30, 2014, 05:45:57 PM |
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PS. Unless "septic" was intented to be the term for a polynomial of degree seven (after "quadratic", "cubic", "quartic", "quintic", and "sextic"). I have seen mathematicians use other bizarre terms like "septonic" or "septemic" in a vain attempt to avoid chuckles in the audience.
no I like Jorge the skeptic
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p0peji
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April 30, 2014, 05:55:58 PM |
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Hey, I am not recommending anything. Anyone can decide whether what I wrote makes sense or not. Do you mean that trolls are posters who force people to think?
Most people will never understand macro impact, they think as far as self interest, but until one is enlightened to the fact that we are part of an ecosystem that is wholly dependent on all players ( plants micro organisms and animals) acting on self interest, you realize your success is dependent on success of the whole. Your input in the context of someone who is invested in Bitcoin has consequences, it implies the logical thing to do is acting on greed sell now to buy more later at the expense of those who will be forced to sell later, this input while valid is valuable to the ecosystem as a whole, but it does not serve the best interests of the whole, it serves to confirm the ramifications of your cynicism. A true researcher would look to draw a conclusion without creating influential feedback. So one can only conclude you are a researcher and researching something where your input is part of the experiment, you are diligently trying not to influence. 1. Prisoners dilemma 2. The problem with this statement is that you never know what is the best interest of the whole.
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ChartBuddy
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April 30, 2014, 06:00:52 PM |
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adamstgBit
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April 30, 2014, 06:03:51 PM |
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nice buy.
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adamstgBit
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April 30, 2014, 06:05:32 PM |
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http://www.spiegel.de/international/spiegel/controlled-chaos-european-cities-do-away-with-traffic-signs-a-448747.htmlEveryone who bashed this GIF with no second thought or research proved they are completely clueless in life. Removing all traffic laws and signs (except a few like 50 km/h speed limit in towns) made traffic more fluent, safer and faster on average. The Autobahns have significantly fewer accidents NORMALIZED for traffic volume than many other highways. This movement will most likely become more widespread. It goes with the Clarkson quote with spikes in the steering wheel and a few other ideas from behavioural economics: 1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control. 2. People read recommendations as mandatory a. Lacking speed limits, most people drive at their comfort speed. Speed LIMITS are by definition above the comfort zone of most people; otherwise they are inefficiently low. With speed limits, people drive at speed limits or above (usually) even if that is no longer comfortable for them (i.e. how tired they are). b. When banks recommend a MAXIMUM of ~34% monthly income to go to house mortgage, the vast majority of people take that as default and end up over-extending. In short, if you take the signs away, people drive more carefully and organically, minding their surroundings. This is completely foreign to US drivers due to feelings of entitlement and "being in the right" no matter what the local traffic conditions are. That's also one of the main causes for how many accidents there are on the US highways (mostly, in merging and lane changing). In my home city, in my mostly lawless-driving EU country, people routinely drive at 100+ km/h during the night in cities, even if the speed limit is the classic 50. Almost all accidents happen when drivers were DUI, racing or irresponsible local-mafia brats. Y'all really need to get your head out of the "we need to control you or you would kill eachother" arsehole. I though "antifragile" was trending? +1 I could not believe it but in many Chinese cities (not the mega city's with traffic lights that people use) but the 3+ million people strong cities, where people treat the signs as as advisory only, how there are no tragic jams, the tragic just keeps moving it just gets slower during the peak. It is not easy to adjust, I may never adjust, driving head on into oncoming tragic on the wrong side of the road to avoid the two loan idiots who stopped at the tragic light that scares the s#!t out of me, but it works, and I was impressed, my favorite tragic sign. unreal.
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sporket
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April 30, 2014, 06:11:39 PM |
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... 1. Prisoners dilemma 2. The problem with this statement is that you never know what is the best interest of the whole.
Yup. Not even sure about the intended meaning of "best interests of the whole."
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elg
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April 30, 2014, 06:16:18 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
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p0peji
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2014, 06:17:15 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume.
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elg
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2014, 06:19:13 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume. thx! but the lenght of the candle has to do with the volume i suppose
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