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

[wachtwoord]

http://www.coindesk.com/polish-finance-ministry-says-bitcoin-can-used-financial-instrument/

"Polish Finance Ministry Says Bitcoin Can Be Used as Financial Instrument" --> i dunno about you guys, but i think that's bullish sounding....

It sounds like he's stating a fact. Such as water is wet.

[hdbuck]

http://www.coindesk.com/polish-finance-ministry-says-bitcoin-can-used-financial-instrument/

"Polish Finance Ministry Says Bitcoin Can Be Used as Financial Instrument" --> i dunno about you guys, but i think that's bullish sounding....

It sounds like he's stating a fact. Such as water is wet.

fire burns

[JorgeStolfi]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

[Torque]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet?  Hasn't he caused enough controversy yet?

Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month?  Are they going to 'print' 65 billion Realcoins every month too?  

Stupidest. Crypto. Idea. Evar.

[ErisDiscordia]

Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure

Anarchy does not arise after the collapse of a government.

That's a flawed as saying that atheism arises after a church burns down.

brilliant analogy! I'm going to borrow it

One thing I noticed about people who claim that government is inevitable and anarchy "can't work" is that they seem to always believe in a permanent, unchangeable human nature and they are very confident that they personally know what it is.

Of course human nature is bad in their eyes. Which then dictates that in order to protect ourselves from the effects of the bad human nature of other people, we need to create a very powerful institution, endow it with a legal monopoly on the initiation of force and populate it with the very same bad people it is supposed to protect us against the very worst of the bad people, since sociopaths are drawn to power like flies to shit...go figure 

[Dotto]

Thanks for the tradingview suggestions, Im going to take a lurk there. In the meanwhile, I have a proposal for the next voting poll:


How could perform bitcoin during this week?:

A/ At the rate of Random Motion as Discontinuous Linearity radioactive decay
B/ At the rate of Periodicity as Sequential Linearity day and cryptonight
C/ In degree Fractal Repetition as Novelty of Patterns repetition across scale
D/ In homeostasis Regulation as Temporal Embedding limit cycle basins
E/ Via Scalar Cohesion as Energetic Synchronizing phase conjugation
F/ Following Morphic Field Process as Process Non-Linearity co-invention

I firmly vote for C

[spooderman]

^^^ yes we need protection from the awful things people do! So let's set make a position in society available where an ill intentioned person could destroy the lives of millions if he'll only say that he'll protect us.

[ChartBuddy]

Explanation

[hmmmstrange]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Can't wait to see how mastercoin screws up realcoin.

[JorgeStolfi]

It would seem that the spike of new members in Reddit's /r/bitcoin was caused by the rumor of islamic terrorists using bitcoin.  At least, the top thread and several other threads are on that topic:
http://www.reddit.com/r/bitcoin

[JorgeStolfi]

This new thread may be of interest to customers of Butterfly Labs:
Sonny Vleisides (Butterfly Labs CEO) 2014 Court Transcript [The TL/DR version]
https://bitcointalk.org/index.php?topic=682150.msg7737614#msg7737614

[hdbuck]

pop dat bubble



http://www.zerohedge.com/news/2014-07-08/fed-going-attempt-controlled-collapse

The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .
Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” …
“The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.”

[Richy_T]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet?  Hasn't he caused enough controversy yet?

Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month?  Are they going to 'print' 65 billion Realcoins every month too?  

Stupidest. Crypto. Idea. Evar.

You give them your dollars, they give you the realcoins. Then 5 years down the line, they revalue or say that they're no longer backing the coin with dollars (like the US govt did with gold) but they're still worth a dollar. Then everyone else kicks themselves for being so stupid and Brock Pierce puts on his scuba gear and goes for another dive off his yacht anchored in the Caribbean.

[ssmc2]

http://www.newsweek.com/regulator-benjamin-lawsky-man-banks-fear-most-256626?piano_d=1


Didn't realize Lawsky was such a badass. Seems like a good guy to have on our side.

[gentlemand]

pop dat bubble



http://www.zerohedge.com/news/2014-07-08/fed-going-attempt-controlled-collapse

The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .
Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” …
“The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.”

In recent years has there ever been a Zerohedge article's prediction that came true? The formula seems to be picking up on a comment made by an official, creating a disastrous scenario out of it and then it's topped off by an avalanche of comments that are the same regardless of the subject matter.

If everything on there came true we'd already be back in the trees munching our own faeces.

[Adrian-x]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet?  Hasn't he caused enough controversy yet?

Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month?  Are they going to 'print' 65 billion Realcoins every month too?  

Stupidest. Crypto. Idea. Evar.

You give them your dollars, they give you the realcoins. Then 5 years down the line, they revalue or say that they're no longer backing the coin with dollars (like the US govt did with gold) but they're still worth a dollar. Then everyone else kicks themselves for being so stupid and Brock Pierce puts on his scuba gear and goes for another dive off his yacht anchored in the Caribbean.

LOL, FYI, when Bitcoin stops being volatile, you know its reached market saturation, Brock Pierce's solution is actuary a tax on people who don't understand Bitcoin's volatility is a feature.

[wachtwoord]

Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet?  Hasn't he caused enough controversy yet?

Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month?  Are they going to 'print' 65 billion Realcoins every month too?  

Stupidest. Crypto. Idea. Evar.

You give them your dollars, they give you the realcoins. Then 5 years down the line, they revalue or say that they're no longer backing the coin with dollars (like the US govt did with gold) but they're still worth a dollar. Then everyone else kicks themselves for being so stupid and Brock Pierce puts on his scuba gear and goes for another dive off his yacht anchored in the Caribbean.

LOL, FYI, when Bitcoin stops being volatile, you know its reached market saturation, Brock Pierce's solution is actuary a tax on people who don't understand Bitcoin's volatility is a feature.

Exactly, you don't often hear investors complaining when the stocks in their portfolio go to record heights (unless their sighing about needing to find new ideas to swap their current ideas for because of overvaluation but that is a luxury problem).

[hdbuck]

pop dat bubble



http://www.zerohedge.com/news/2014-07-08/fed-going-attempt-controlled-collapse

The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .
Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” …
“The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.”

In recent years has there ever been a Zerohedge article's prediction that came true? The formula seems to be picking up on a comment made by an official, creating a disastrous scenario out of it and then it's topped off by an avalanche of comments that are the same regardless of the subject matter.

If everything on there came true we'd already be back in the trees munching our own faeces.

albeit FED wont have the balls to do it anyho but still, it's funny to observe officials being totally lost.

[hmmmstrange]

In recent years has there ever been a Zerohedge article's prediction that came true?

The most infamous predictions were concerning the Greek bailouts, that more would be needed, and yes, they got that one right.

[Adrian-x]

It would seem that the spike of new members in Reddit's /r/bitcoin was caused by the rumor of islamic terrorists using bitcoin.  At least, the top thread and several other threads are on that topic:
http://www.reddit.com/r/bitcoin

I’m sure they have more sophisticated algorithms ranking this info, and i bet it has a lot to do with the boost from the long weekend.  
I bet the fact that thousands of people sat down at some social event this weekend in the US and talked Bitcoin.

If you monitor r/bitcoin you will have noticed the readers  have been steadily dropping from an average of over a 1000 r/Bitcoin readers to the low 400’s  during peak hours (and recovering after the SR coin sales),  but on the 4th of July, there were over 3,000 readers there.

I bet that helped boost this attention, not to mention all the bull news.

This terror funding is just a false flag, the US president is openly wanting to fund these trouble makers. And not to mention the US left bombs, guns, helicopters and Humvees unattended for the taking, and un protected banks holding all of Saddam,s USD cash assets.

I bet the US even gave them GPS coordinates and a time line to claim the bonuses.