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

[wachtwoord]

more good news for bitcoin :


https://ripple.com/blog/karl-theodor-zu-guttenberg-joins-ripple-labs-advisory-board/


 
this guy was on his way to become merkels successor as chancelor in germany. he was at the top, the media loved him, the masses cheered, he was the immaculate, the most popular politician by far, he had it all

until mr perfect blew it all.

Ripple is no crypto. Ripple (the currency) is the enemy as it's worse than fiat.

if one of the most outstanding idiots on earth joins your enemy - it is good news anyway.

Okay, I never heard of Mr. Guttenberg so I assumed you thought he was an asset.

[aminorex]

No.

Wager 1 BTC on each, at even odds?  Nah, 20 years is too long to lockup even 1 BTC at 1:1, regardless of your edge.  Now, $1000 on the other hand....

How about you keep it on topic and talk about bitcoin price movements.

Okay. (But that will earn no less antipathy.)  Price is going down for 4 hours probably.  Then it is likely to reverse.  

[Erdogan]

On the other hand Jorges trust in the competence and good-will of the central planners is equal parts adorable and terrifying  

Why do you say that? I gave TWO examples of Brazilian governments that screwed up the economy egregiously -- so much that we are paying dearly for their mistakes till today and for god knows how long.

Buy I do believe that governments are inevitable and necessary.  If you try to destroy the government you would almost surely fail.   If perchance you succeed, it will be quickly replaced, most likely by a worse one.   The anarcho-libertarian Utopia, a world without government, would be a Mad Max world, and would not last for a year before a king of some sort would emerge.

Crypto will not protect you from a bad government or from economic collapse.  At best it will protect your money, but only as long as you do not use it.   You cannot spend any large amount of it without your government and all the bad guys in the neighbrhood noticing.  And, if it starts looking like crypto could let you escape your government's control, your government will quickly squash it.

No shining piece of technology can solve by itself a social/political problem like corruption, poverty, famine, opression, etc.. Such problems must be attacked by social/political struggle, starting with trying to get the best laws and government we can.  (And that must be done in the open -- one cannot be an effective social activist while protecting one's anonymity, it is either-or.)

This is a quite common opinion, but there are lots of logic errors in it. It is now that we have rampant violation of rights from the government, violence from the government, who has given itself the "right" to violate others rights. That is not logical. Rights are rights independent of any government, the same for all, and an association of persons giving itself right to violate others rights are grossly illogical. It is now we have violence, chaos, no rule of law, poverty, corruption, tension between groups. Corruption comes with government. Famine comes with government. Oppression comes with government. Wars come with government. Serfdom comes with government. Suppression of free speech is stealing your reality, so you don't see what is going on.

[Erdogan]

If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others

4) Let others do the hard work for you.

Wealthy people don't usually get wealthy by working for themselves. They let others do the hard work for them. And no this isn't taking advantage of people, it's called giving someone else a job.

Work to solve other peoples problems, and trade.

[Syke]

Oh yes, like they squashed marijuana.  Nipped it in the bud, so to speak.

Anyhow, that ship has already sailed.  There is no effective way to prevent p2p use of encrypted transaction overlay networks with untraceable transactions.  

And why would they want to? Bitcoin is just another revenue stream for them. They'll just tax it.

[minerpumpkin]

I'm worried by one thing: Volume is approx. at an all time YTD low. Why? Can this affect the imminent moon launch?

[Richy_T]

It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat.

You lost me there.  The field was most level when our weapons were hands, feet, and teeth.  It has become steadily more uneven since then: the guys with more money generally have the best defenses and deadliest weapons, and technological advances have only amplified the difference.  

No. It might have been nearly level between young, fit men but age a bit, get sick or be a child or female and you start getting power imbalance. Band a few young fit healthy men together and you start having a mechanism for subjugation. Throw swords in there, expensive and rare at the time and requiring, once more, a degree of physical prowess to operate successfully and you've cemented the deal.

Now, throw a few inexpensive firearms in there and suddenly even the weak and unskilled can put down several oppressors without letting their physical advantage get anywhere close. It's a game-changer (physical advantage still plays into things but its importance is greatly diminished).

[adamstgBit]

I'm worried by one thing: Volume is approx. at an all time YTD low. Why? Can this affect the imminent moon launch?

vol is fine, vol is more spread out than ever b4 with new exchanges coming online and stuff..

imminent moon launch is imminent.

[zwickl]

until mr perfect (Karl-Theodor zu Guttenberg) blew it all.

That's fairly an understatement.

First he copied wide sections of his Ph.D. thesis.
http://www.spiegel.de/international/germany/plagiarism-accusations-widen-guttenberg-copied-work-of-german-parliament-s-research-department-a-746573.html

Then he tried to reemerge into German politics with bad excuses and accusations among his colleagues
http://www.dw.de/disgraced-former-minister-guttenberg-explores-return-to-politics/a-15653164


(Sry, couldn't find better articles in English. There's a ton of 'em in German though )

[justusranvier]

I'm worried by one thing: Volume is approx. at an all time YTD low. Why? Can this affect the imminent moon launch?

vol is fine, vol is more spread out than ever b4 with new exchanges coming online and stuff..

Anyone who cares about accurate volume stats should be using data.bitcoinity.org:

http://data.bitcoinity.org/markets/volume/5y?r=week&t=a&volume_unit=btc

[wachtwoord]

until mr perfect (Karl-Theodor zu Guttenberg) blew it all.

That's fairly an understatement.

First he copied wide sections of his Ph.D. thesis.
http://www.spiegel.de/international/germany/plagiarism-accusations-widen-guttenberg-copied-work-of-german-parliament-s-research-department-a-746573.html

Then he tried to reemerge into German politics with bad excuses and accusations among his colleagues
http://www.dw.de/disgraced-former-minister-guttenberg-explores-return-to-politics/a-15653164


(Sry, couldn't find better articles in English. There's a ton of 'em in German though )

Oh it's that guy, lol. Have fun Ripple

[gimme_bottles]

more good news for bitcoin :


https://ripple.com/blog/karl-theodor-zu-guttenberg-joins-ripple-labs-advisory-board/


 
this guy was on his way to become merkels successor as chancelor in germany. he was at the top, the media loved him, the masses cheered, he was the immaculate, the most popular politician by far, he had it all

until mr perfect blew it all.

W.T.F. 

As someone who had this guy on TV nonstop for 3 weeks    3 years ago I am stunned. Why would you want him smiling from your Website???

Also can't they call him by his full name?
Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Joseph Sylvester Freiherr von und zu Guttenberg

[wachtwoord]

BTW: Did he end up losing his dr. title or not?

[ChartBuddy]

Explanation

[justusranvier]

Ripple is the financial establishment's bait-and-switch ploy.

Ripple provides an improvement over the status quo in terms of technology without any inconvenient features like privacy or individual autonomy. They'll throw money at Ripple in order to make it shiny and user friendly as a way of keeping the masses from leaving their pens.

[gimme_bottles]

BTW: Did he end up losing his dr. title or not?

Yes, but it was his own decision, no court order.

I was wrong, his university reverted his title, so not his decision.

[Mervyn_Pumpkinhead]

If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others

4) Let others do the hard work for you.

Wealthy people don't usually get wealthy by working for themselves. They let others do the hard work for them. And no this isn't taking advantage of people, it's called giving someone else a job.

I don't know if you're being sarcastic or serious, but I'll give you the benefit of the doubt that you are serious. I have witnessed this kind of sincere immaturity here before.

That is exactly what wealthy people are doing - working for themselves, not for others. Running a company and offering jobs is hard work, not a privileged status to leech on others. If you run a company, then you have to have the broadest understanding of the entire company and it's business. To have any authority in the eyes of the employees, you have to know what you're doing. You have to work harder and know more then those under you, to have the respect needed for solid structural development. When companies are created by fools, who think that being an entrepreneur equals free-loading, then it's no surprise that these companies fail. These attempts to start a company, are made by those who are lazy and dumb, but they would really like to play the role of "the boss". People like that only get anywhere, when they do things like traffic drugs or win the lottery. There is also a proper amount among these people, who hope for riches through bitcoin.

[wachtwoord]

Tim Draper will be giving a live press conference in about 40 minutes:

http://new.livestream.com/draperuniversity/bitcoin-auction?utm_content=buffer11587&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

we will be livestreaming a press conference at 2PM from the building here, which should hopefully answer a lot of questions.  Tim will most likely not be doing an AMA on reddit, but it looks like Adam will be moderating the press conference, so we will try to pull some questions from here. Sorry, but the bid price will not be revealed.
edit: 2PM Pacific edit 2: Livestream link

[seleme]

What happened with that Ripple founder who announced he is going to sell his stuff? Doesn't look like he did, price is still kinda respectable (though lot lower than before)

[criptix]

It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat.

You lost me there.  The field was most level when our weapons were hands, feet, and teeth.  It has become steadily more uneven since then: the guys with more money generally have the best defenses and deadliest weapons, and technological advances have only amplified the difference.  

No. It might have been nearly level between young, fit men but age a bit, get sick or be a child or female and you start getting power imbalance. Band a few young fit healthy men together and you start having a mechanism for subjugation. Throw swords in there, expensive and rare at the time and requiring, once more, a degree of physical prowess to operate successfully and you've cemented the deal.

Now, throw a few inexpensive firearms in there and suddenly even the weak and unskilled can put down several oppressors without letting their physical advantage get anywhere close. It's a game-changer (physical advantage still plays into things but its importance is greatly diminished).

God Made Man But Samuel Colt Made Them Equal