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

[spooderman]

All my computing life I have been taught and taught students how to compute things in the most efficient way.  It turns my stomach seeing that much computing power (and electrical power) wasted.  

same but then our entire economy is very wasteful http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
I'm sure eventually we'll switch to a better crypto system or energy sources like thorium.

That zerohedge article really impressed me and made the wastefulness of our actions graspable for me. "Yay! We're building more cars, the economy is growing, elect us again!"

We need to end this "continuous growth paradigm" that is partly a consequence of (or at least intricately intertwined with) the type of money we use. Transitioning to using sound money is a big step towards becoming more resource efficient. The psychopathic powers that be are already shitting their pants regarding their debt regimes threatening to fall apart (Beligum), trying to start ww3 to get out of that deadlock they have maneuvered themselves into. I hope the people of the world will be prudent enough to see through the false flags (example: chemical attacks in syria last year) and violent provocations by payed mercenaries. I also hope our whistleblowers will keep informing us.

I think the easiest and most effective step we can take as people of the world in order to scale down our natural resource usage and to avoid bloody conflict is to transition to using crypto. It'll force governments into fiscal prudence eventually and it'll force actors making bad decisions to suffer the consequences of their actions, as it should be.

I agree.

It's so hard to not sound like a bitcoin cultist, but every time someone moans to me about something wrong with the world, I always think "hence; bitcoin."

Credit card eaten at an ATM whilst on holiday ruining entire trip? Hence:bitcoin.

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[1713461195]

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[ChartBuddy]

Explanation

[RandomPedestrianN9]

TO DA MOON! CHOO CHOO!

[TERA]

The direction of a train is typically flat/sideways.

[ErisDiscordia]

We need to end this "continuous growth paradigm" that is partly a consequence of (or at least intricately intertwined with) the type of money we use. Transitioning to using sound money is a big step towards becoming more resource efficient. The psychopathic powers that be are already shitting their pants regarding their debt regimes threatening to fall apart (Beligum), trying to start ww3 to get out of that deadlock they have maneuvered themselves into. I hope the people of the world will be prudent enough to see through the false flags (example: chemical attacks in syria last year) and violent provocations by payed mercenaries. I also hope our whistleblowers will keep informing us.

I think the easiest and most effective step we can take as people of the world in order to scale down our natural resource usage and to avoid bloody conflict is to transition to using crypto. It'll force governments into fiscal prudence eventually and it'll force actors making bad decisions to suffer the consequences of their actions, as it should be.

Glad to see you took the time to bring this topic to the Troll Wall observer thread as well

The potential for Bitcoin/crypto to facilitate a transition to a sustainable economy (as opposed to an infinite growth oriented one) through providing an alternative deflationary monetary system is a huge deal. HUGE DEAL.

The fantastic thing here is that this needn't rely on the prudence of a great many people (like you are calling for), not even their general intelligence. Instead by simply providing a superior system with lower friction, transaction cost and greater control and sovereignty over your funds people will be attracted to the superior system (see Greshams Law ) and start preferring it. The superior system meanwhile provides incentives for responsible fiscal and economic behavior - namely SAVING (pejoratively known as "hoarding") money and SAVING resources. If your currency doubles as an appreciating store of value you don't need financial advisors and baroque financial instruments draining resources with their otherwise unnecessary unproductive activity. If your savings are appreciating you will think twice whether you really need to buy something right now. This incentive for deferred consumption will presumably have a huge impact on our current consumerist culture and that is just the tip of the iceberg of how the transition to a different monetary system might profoundly influence culture. As I said, this is a HUGE DEAL and I wish more people would pay attention to this aspect of crypto instead of trolling each other about price & trading.

Meanwhile enjoy this song about Making Money in the inflationary monetary system

[RandomPedestrianN9]

The direction of a train is typically flat/sideways.

I like trains!!!! CHOOO CHOOO!!! CCMF!!! ROCKET IN T MINUS 4 3 2 1!!!! AND WE HAVE A LIFT OFF!!!  TO INFINITY AND BEYOND!!! FREE RICHES FOR EVERYONE!!!!

[calmindifference]

Credit card eaten at an ATM whilst on holiday ruining entire trip? Hence:bitcoin.

Hate to say it but right now bitcoin isnt going to help with that. Maybe in a few years if bitcoin gains greater adoption.

[ChartBuddy]

Explanation

[BlackFlag]

We need to end this "continuous growth paradigm" that is partly a consequence of (or at least intricately intertwined with) the type of money we use. Transitioning to using sound money is a big step towards becoming more resource efficient. The psychopathic powers that be are already shitting their pants regarding their debt regimes threatening to fall apart (Beligum), trying to start ww3 to get out of that deadlock they have maneuvered themselves into. I hope the people of the world will be prudent enough to see through the false flags (example: chemical attacks in syria last year) and violent provocations by payed mercenaries. I also hope our whistleblowers will keep informing us.

I think the easiest and most effective step we can take as people of the world in order to scale down our natural resource usage and to avoid bloody conflict is to transition to using crypto. It'll force governments into fiscal prudence eventually and it'll force actors making bad decisions to suffer the consequences of their actions, as it should be.

Glad to see you took the time to bring this topic to the Troll Wall observer thread as well

The potential for Bitcoin/crypto to facilitate a transition to a sustainable economy (as opposed to an infinite growth oriented one) through providing an alternative deflationary monetary system is a huge deal. HUGE DEAL.

The fantastic thing here is that this needn't rely on the prudence of a great many people (like you are calling for), not even their general intelligence. Instead by simply providing a superior system with lower friction, transaction cost and greater control and sovereignty over your funds people will be attracted to the superior system (see Greshams Law ) and start preferring it. The superior system meanwhile provides incentives for responsible fiscal and economic behavior - namely SAVING (pejoratively known as "hoarding") money and SAVING resources. If your currency doubles as an appreciating store of value you don't need financial advisors and baroque financial instruments draining resources with their otherwise unnecessary unproductive activity. If your savings are appreciating you will think twice whether you really need to buy something right now. This incentive for deferred consumption will presumably have a huge impact on our current consumerist culture and that is just the tip of the iceberg of how the transition to a different monetary system might profoundly influence culture. As I said, this is a HUGE DEAL and I wish more people would pay attention to this aspect of crypto instead of trolling each other about price & trading.

Meanwhile enjoy this song about Making Money in the inflationary monetary system

+1

[Erdogan]

We are on the moon. Slowly descending to earth.

[RandomPedestrianN9]

We are on the moon. Slowly descending to earth.

Go play outside, troll kid. The price will only grow. Dont you believe in Bitcoin?

[EuroTrash]

same but then our entire economy is very wasteful http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
I'm sure eventually we'll switch to a better crypto system or energy sources like thorium.

I was impressed by the ZeroHedge link above so I posted it to a group of friends and I got this link as reply: http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255

[ChartBuddy]

Explanation

[manfred]

All my computing life I have been taught and taught students how to compute things in the most efficient way.  It turns my stomach seeing that much computing power (and electrical power) wasted.  

same but then our entire economy is very wasteful http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
I'm sure eventually we'll switch to a better crypto system or energy sources like thorium.

I am still trying to figure out what Jorge is up to. Not getting anywhere. He should know how the system works than again at times he is very naive, or is it on purpose just to troll. How many tonnes of dirt (mountains) are moved to get x amount of Gold only to bury most of it again 7 stories underground and spend x amount afterwards to secure it.

Is he only sceptical of bitcoin or is he of the opinion that the entire crypto world disappears into nothingness?

[RandomPedestrianN9]

Bitcoin is like artillery round, shot up very high, disguised as moon rocket, now coming down to wreak havok.


(Harvest in Ukraine, sponsored by black ****** at the White House)

[simmo77]

The direction of a train is typically flat/sideways.

I like trains!!!! <snippety snip>

So does my 2 year old nephew.

Like you, he still shits himself regularly, has very poor communication skills, constantly seeks the attention of others and when he doesn't get it, sulks and ignores people.

Fuckoff. Ignored.

[RandomPedestrianN9]

The direction of a train is typically flat/sideways.

I like trains!!!! <snippety snip>

So does my 2 year old nephew.

Like you, he still shits himself regularly, has very poor communication skills, constantly seeks the attention of others and when he doesn't get it, sulks and ignores people.

Fuckoff. Ignored.

Very informative and valuable post, thank you, retard. ignored.

TO DA MOON!

[Erdogan]

We are on the moon. Slowly descending to earth.

Go play outside, troll kid. The price will only grow. Dont you believe in Bitcoin?

Hey - talking about the general usage of bitcoin here.

[RandomPedestrianN9]

We are on the moon. Slowly descending to earth.

Go play outside, troll kid. The price will only grow. Dont you believe in Bitcoin?

Hey - talking about the general usage of bitcoin here.

You are spreading devils lies to make it look like people are using Bitcoin less and less, its against my TO DA MOON religion. Burn FUD spreader!

[bananaControl]

We are on the moon. Slowly descending to earth.

Go play outside, troll kid. The price will only grow. Dont you believe in Bitcoin?

Hey - talking about the general usage of bitcoin here.

You are being trolled.