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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26488687 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
dropt
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August 26, 2014, 09:11:05 PM
Last edit: August 26, 2014, 09:55:56 PM by dropt

Newegg.ca giving 30% discount on bitcoin orders over $500.

I'm trying to buy a crapload of home audio equipment, however Newegg.ca reports that the code isn't active yet  Undecided
adamstgBit
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August 26, 2014, 09:21:16 PM

Newegg.ca giving 30% discount on bitcoin orders over $500.

wait what?

.ca?

really

http://dcmagnates.com/newegg-now-accepts-bitcoin-in-canada-offers-up-to-30-off-when-buying-with-it/

finally!
findftp
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August 26, 2014, 09:23:21 PM

Newegg.ca giving 30% discount on bitcoin orders over $500.
I really begin to think that owners of newegg and Dell want to become big bitcoin holders as well without pumping the price too much.
We all know that they have plenty of FIAT to spend on bitcoin, but once they want to buy 10.000 bitcoin all together, the price will skyrocket.
xyzzy099
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August 26, 2014, 09:23:34 PM

Oh, and again - do you really believe Americans are poorer now than they were in the '30s?  I have never seen the American standard of living decline in my lifetime.  When I was a kid, we didn't even have a telephone, or air conditioning (in the deep south!).  Now, even the poorest people I know have cellphones and HDTVs.  Is it different where you live?


You have to be careful there. The amazing advancement of technology has somewhat masked the loss of (inflation adjusted) income. Sure, you have a TV in every room, two cars in the driveway and a supercomputer in your pocket but your housing costs now take up half your income, you're eating processed, not real food, your wife has to work and you have two kids, not five.

Valid point.
Schickeria
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August 26, 2014, 09:23:42 PM


*remaining unanswered if tax is theft.

It is not. It is robbery.

Inflation is theft.

It's a hard analogy, calling tax as robbery but it has some valid points, if we suppose that the violence aspect needed to fulfill robbery is the government and the consequences of denying to pay.

Speaking of a tax-free society, how to manage society and all their problems? I read a lot about robbery, theft, rape but not how to do it better. You won't tell me that pure ultra-capitalism would make us a better world.

Shoot the weak?
lightfoot
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August 26, 2014, 09:26:00 PM

Shoot the weak?
NO! In Libertopia you can enslave them. In fact Libertopia only works with unlimited slavery.

Which is kind of cool: Freedom is slavery.

C
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August 26, 2014, 09:37:58 PM

someone is cockblocking bitfinex
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August 26, 2014, 09:39:39 PM

The excrement is on an imminent course of impact with the rotary wind device
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August 26, 2014, 09:46:47 PM

Shoot the weak?
NO! In Libertopia you can enslave them. In fact Libertopia only works with unlimited slavery.

Which is kind of cool: Freedom is slavery.

C


That's what I thought, too. But further consequences would be higher crime, rebellion, robbery, theft, breach of the peace  Cheesy

So someone must shoot them down to keep the system stabile when poor people forming legion. In Libertopia this likely would not be a government, but private security services (payed with bitcoin?)

I really don't like the world(system) we're living in, but until now I heard nothing to make it better, but even worse.

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August 26, 2014, 09:59:26 PM


Explanation
spooderman
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August 26, 2014, 10:05:50 PM

ChartHero in a week or so? What's the ETA for this? Anyone done a TA?
JayJuanGee
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August 26, 2014, 10:29:43 PM

Yeah, but it still becomes a public decision about where to draw the line and whether to have any kind of military.  Currently, those decisions do NOT seem to be made be responsible and/or responsive politicians in terms of what the public wants... yet these public feelings evolve when they get scared, too.

So when it comes to the military industrial, the politicians are not behaving according to the wishes of the people that elected them but when it comes to the stuff you seem to like, they are? Right, gotcha.


Now, you are going thru a child-ish moment.  I have NOT really gotten too substantively into talking about which programs I like or what I do NOT like, yet frequently, I have suggested that in theory the USA is a democracy, and accordingly people should be deciding NOT money. 

Personally, there is an internal tension between democracy and capitalism, and people try to act as if they are nearly one of the same.. like peanut butter and jelly ... or some other analogy...   Yet, even though we claim to have political institutions that embrace democracy, we allow the capitalists to call the shots - which is the part that I find very unfortunate.  I am NOT suggesting to do away with it all yet in my humble bumble opinion there needs to be some focus reform points, and one of the most important reform points is to get more and better democratic input into choosing our leaders and our institutions and the distribution of our resources. 

It may be the case, that there remains quite a bit of allowance for the military, even with democratic decision-making; however, I get the sense that a lot of the shenanigans would be removed especially some of the more lucrative aspects of the droning and the military contractors who are being paid more than 4 times more than regular soldiers.. and the war profiteering is a bit out of control.. with some of the non-bid contract providers.

I'm just suggesting that the people decide.. and that is NOT just my preference, and I am willing to live and accept when the people decide what they want, even if it does NOT make a lot of sense to me on an individual preference level... but that will NOT stop me from speaking or writing my input.. so long as free speech is allowed in this new or evolving system.
JayJuanGee
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August 26, 2014, 10:36:33 PM


*remaining unanswered if tax is theft.

It is not. It is robbery.

Inflation is theft.

NOW.. .you are bordering into incomprehension.. and silliness.


The only difference between theft and robbery is that robbery is a taking of property that  is accomplished with a threat of violence or violence.
JayJuanGee
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August 26, 2014, 10:41:17 PM


*remaining unanswered if tax is theft.

It is not. It is robbery.

Inflation is theft.

It's a hard analogy, calling tax as robbery but it has some valid points, if we suppose that the violence aspect needed to fulfill robbery is the government and the consequences of denying to pay.

Speaking of a tax-free society, how to manage society and all their problems? I read a lot about robbery, theft, rape but not how to do it better. You won't tell me that pure ultra-capitalism would make us a better world.

Shoot the weak?

There you go.. that is the logical solution to weed out those who cannot provide for themselves... survival of the fittest.. including getting rid of all accommodations for disabilities and the old people NO longer serve a function neither.
adamstgBit
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August 26, 2014, 10:59:24 PM


*remaining unanswered if tax is theft.

It is not. It is robbery.

Inflation is theft.

It's a hard analogy, calling tax as robbery but it has some valid points, if we suppose that the violence aspect needed to fulfill robbery is the government and the consequences of denying to pay.

Speaking of a tax-free society, how to manage society and all their problems? I read a lot about robbery, theft, rape but not how to do it better. You won't tell me that pure ultra-capitalism would make us a better world.

Shoot the weak?

There you go.. that is the logical solution to weed out those who cannot provide for themselves... survival of the fittest.. including getting rid of all accommodations for disabilities and the old people NO longer serve a function neither.

can have all these good things without government inflating away all our saving tho?
ChartBuddy
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August 26, 2014, 10:59:28 PM


Explanation
adamstgBit
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August 26, 2014, 11:00:52 PM

spending 500$ at newegg.ca is easier said then done, i only need and external HD... wtf do i do now  Huh  i want the 30% off 500$  Tongue
deeplink
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August 26, 2014, 11:07:12 PM

but basic education should be available to all, and probably at all stages in life...

See, I have absolutely no problem with that. And I certainly will not be one to stand in your way when you choose to fund it.

Why would he, if he can vote for people that force you to fund it?



Are you  a part of the community or NOT?  If so, you have some obligations.  Thank you very much - that is how modern society works.. you can have your input in various ways too, including your vote and including getting involved in the public space.

No thanks. Your community has failed again and again. I reject coercion and will only interact on a voluntary basis.



Yes... You can choose which community to live in, and you can hopefully learn to accept your obligation to contribute to the community rather than being a leech.... The community has a variety of cost of which you either directly or indirectly benefit. Otherwise, you can go move to Alaska and freeze your ass off, or some other place that you find suitable for individualistic living... but the rest of us live in communities and there are not enough islands to have one person per island... so we have to figure out ways to get along and to share... NOT easy but necessary, unless we are going to kill off 90% of the planet.  Are you suggesting population reduction?  and if so, how?

The only obligation which I have a right to assume is to do at any time what I think right.
xyzzy099
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August 26, 2014, 11:09:48 PM

 

You say "Sounds like..." and "You imply..." a lot.

Maybe you could try reading what I wrote and taking it at face value, or at least responding to it directly, instead of replying to some vague interpretation you drew from it.  



Maybe I can choose whatever words that I want in order to most reasonably reflect what I would like to say?  

What about that?


That's fine - if you are interested in having a conversation with yourself, which I am coming to realize is exactly what you want.


I am not an anarchist, and I am, for the most part, not inclined to generalization, but your every response seems to assume such of me, while at the same time not providing much, other than hand-wavy generalization as support for your own argument - if you really have any thing to say other than "Government is good.  You are a fool not to blindly accept it as your savior, as I have".

The burden is NOT upon me to provide examples regarding how if or in what ways the government is good.

If you are making suggestion that we need to change some institutions in the status quo set up and you have some vision about why too much government is bad in such set up, then buren is upon you to describe your vision of how we get from point A to point B, not me.


So your job is simply to read what I write supporting my assertions, then just say "nuhn'uh!"  I am starting to understand your rhetorical style.


As far as multiplier effects go, I recently read a study done by an economist at the San Francisco branch of the Federal Reserve, who attempted to measure the "jobs multiplier" of the stimulus package promoted by the incoming Obama administration back in 2009.  He determined that the president's claim that the stimulus had 'created or saved' ~2,000,000 jobs was an accurate claim.  He also noted that this represented a cost of ~$400,000 per job.  I think this is fairly representative of the multiplier effects I have seen from the government attempting to do the job of the private sector.

Sounds as if you have a very limited knowledge of the concept of multiplier effect in terms of the various ways that government money can be spent... And, attempting to couple this with Obama's performance seems to be a bit narrow minded on the topic... and maybe even a distraction from my original comment, which was merely that much more societal wealth will be created when we find ways to distribute money more broadly.. so take from the rich and spread across the poor in various ways, rather than doing the opposite.. which would be, for clarification, taking from the poor and giving to the rich (which has largely been the case for at least the last 20 - 30 years).

Uhm, could you at least share the logic that led you to this conclusion?  I stated an example of a multiplier that fits the context, and you conclude from that one quite valid example that I have a "limited knowledge of the concept of the multiplier effect"?  How exactly does that follow logically?

I can't make any sense of your 'attempt to link Obama performance' at all.  I didn't attempt anything.  I presented an example.  If you think that example is specifically a bad reflection on President Obama, that is a conclusion that your have reached on your own.  I just presented another example of this nonsense Keynesian notion that government spending of money they steal from people who would have spent it themselves, probably more wisely, somehow "multiplies" the effectiveness of that spending.  Richard Nixon made even stupider economic moves when he was president, i.e. wage and price controls...  Jimmy Carter did some very smart economic things as president, i.e. deregulation of the transportation industries.  This is not a Republican vs. Democrat thing.  Stupid and wrong is stupid and wrong no matter who does it.  And the stimulus bill was stupid and wrong.  And there is NO example of any such spending resulting in such a multiplier effect that you can point to with evidence to back it up.  It has never happened.  Not in the US.  Not in the world.  Not in history.  Not ever.  It sounded good when Keynes wrote it, but in practice it just doesn't happen.

Oh, and again - do you really believe Americans are poorer now than they were in the '30s?  I have never seen the American standard of living decline in my lifetime.  When I was a kid, we didn't even have a telephone, or air conditioning (in the deep south!).  Now, even the poorest people I know have cellphones and HDTVs.  Is it different where you live

In a couple ways, you are fucking amazing.  1st... I mentioned comparing the 1990s to 2014, and then second if you believe that cell phones, air conditioning and HDTVs are indications of wealth then you are likely looking at the situation too narrowly.

Not indications of wealth.  Indications of being better off than someone who DOES NOT have those things.  Yes, that is a narrow definition of 'better off', but I don't think any of us here are qualified to judge every facet of the quality of anyone's life, so we have pick something as an indicator.  If you have an indicator that negates mine, please present it.

I believe in one of my recent posts I took into account other considerations and that is how much we make and how many hours we work, but I was NOT tryin to get into the weeds on this.  I do think, however, you are making a considerable assumption if you believe people are generally better off now than they were 25 years ago.  Maybe you drank the Fox news coolaide?  sounds like it.    Cheesy Cheesy Cheesy Cheesy


You are not making your case more persuasively by turning this into some ad hominem attack, or an attempt to paint me a some political caricature you feel superior to.  I might be right in my beliefs, or I may be wrong - but I am just as well-read and educated on the subjects at hand as you are.  I may disagree with you, but I will respect you and your opinions as long as you afford me the same respect.

I do believe people are better off in general than they were 25 years ago, certainly in terms of material wealth - although, as Richie_T pointed out, that is mitigated somewhat by the fact that we do have to work longer hours now - and we ALL have to work too.  Single income families are not really viable now like they once were.

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August 26, 2014, 11:17:20 PM

spending 500$ at newegg.ca is easier said then done, i only need and external HD... wtf do i do now  Huh  i want the 30% off 500$  Tongue

25% of at 300 to you know. that or find something nice to buy
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