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

[Richy_T]

I understand that libertarians do not like to be told that  their new fantastic Non-Inflationary Currency is currently supported entirely by inflation tax, in the strict sense of the term.  But, unless you can point out some factual inaccuracy in what I wrote, I must assume that by FUD you mean "Facts U Dislike".

Yes, Jorge, no one knew about mining until you broke this revelation to us all.

Call me when Satoshi announces that he's considering tapering off the block reward... Then changes his mind because it spooks the market.

[Richy_T]

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.

Bingo.

[Richy_T]

This is a pretty good discussion, Jorge, and I imagine what you mean by examples of public health care systems around the world, you are suggesting and indicating that they are much less profit driven and much more health care driven and much more beneficial and meaningful to people.. as compared with the stupid ass profit driven american health care system.

In other words, I believe we agree here, and maybe you should stick with NON bitcoin commentary in order to meaningfully contribute to this thread and to the world in general.   

Yes, public healthcare is wonderful

https://www.google.com/search?q=nhs+scandal

It can't be long until the Marxist utopia is attained. At least if the money doesn't run out first.

[ChartBuddy]

Explanation

[hmmmstrange]

JayJuanGee,

You may want to take 10 minutes and think about what defines slavery. Nothing is black and white but at what is the tipping point between free and slavery?
Is conscription a form of being sold? Sucks to be a Ukrainian male in the prime of your life now.
Is 50% taxation, with 5% returned to you in the form of public services make you 45% a slave?
God forbid you are French and productive enough to be taxed 75%.
19th century slaves received room and board, so really they were only 90% slaves and we all pretty much agree that is morally wrong.
What percentage of financial or self ownership enslavement is ok with you?
Zero sounds pretty good to me.  

[Davyd05]

However, I doubt that they will be better in practice than the proven medium-tech solution: besides the electronic counting, ensure a paper record of the vote, that the voter can check and the system cannot change afterwards; store that in a conventional ballot box; and count the paper ballots at the voting place, manually, at the end of voting day.

You should ask the voters of Florida how that worked out...also the company DIEBOLD lied when it said you couldn't run a .exe on their tabulation machines...a Swedish computer scientist came to a court hearing for them and ran an .exe that changed the final votes...and still they didn't get a proper re count in Florida.

The old US voting machines did produce a material record of the vote, but in a form (punched card) that the voter could not check.  Thus votes with incompetely punched cards were miscounted, and it may be that even the manual recounters could not easily decide what the voter intended.    Who knows how many errors went undetected in other elections or other states.

The Brazilian e-voting machine is made by ETS, a US company which used to be the Diebold e-voting division until Diebold decided that it was splattering too much fertilizer on its brand.   There seem to be ob$cure rea$on$ why the all-powerful Supreme Electoral Court defends it with nails and teeth, against the better understanding of all experts and even of the majority of Congress.  But that is already way too off this threads topic...

true very off topic.. for a wall observer thread.. but the people went and collected the individual tabulations papers however the polling stations wouldn't give them out..but they would throw them out illegally in to a dumpster not shredded lol.

[JorgeStolfi]

I understand that libertarians do not like to be told that  their new fantastic Non-Inflationary Currency is currently supported entirely by inflation tax, in the strict sense of the term.  But, unless you can point out some factual inaccuracy in what I wrote, I must assume that by FUD you mean "Facts U Dislike".

Yes, Jorge, no one knew about mining until you broke this revelation to us all.

I know that everyone knows the facts, but it seems that they hate having them called by their proper name. 

Call me when Satoshi announces that he's considering tapering off the block reward... Then changes his mind because it spooks the market.

If and when mining will be dominated by a cartel of a few large corporations (with substantial reserve harshrate that can be turned on when needed to starve competitors), I bet that they will find ways to impose any changes to the protocol that would maximize their revenue -- no matter what the users and holders will think of them.

[Davyd05]

I understand that libertarians do not like to be told that  their new fantastic Non-Inflationary Currency is currently supported entirely by inflation tax, in the strict sense of the term.  But, unless you can point out some factual inaccuracy in what I wrote, I must assume that by FUD you mean "Facts U Dislike".

Yes, Jorge, no one knew about mining until you broke this revelation to us all.

I know that everyone knows the facts, but it seems that they hate having them called by their proper name.  

Call me when Satoshi announces that he's considering tapering off the block reward... Then changes his mind because it spooks the market.

If and when mining will be dominated by a cartel of a few large corporations (with substantial reserve harshrate that can be turned on when needed to starve competitors), I bet that they will find ways to impose any changes to the protocol that would maximize their revenue -- no matter what the users and holders will think of them.

you mean what happens if we break the control the 1% have over the globe with their current control?

http://www.dailymotion.com/video/x1zhd23_is-poverty-genetic_shortfilms @ 0:16:50 imagine bitcoin broke this model, would love to know more about it. Watch it until the superthermal economy part please and thanks

[Walsoraj]

http://www.reddit.com/r/Bitcoin/comments/2eoz40/coinbase_you_cant_sell_right_now/

Bullish, bearish or just LOLish?

[relm9]

http://www.reddit.com/r/Bitcoin/comments/2eoz40/coinbase_you_cant_sell_right_now/

Bullish, bearish or just LOLish?

I can't buy or sell on Coinbase right now it seems. Button doesn't show for either. Probably just a technical issue

[Davyd05]

429 coin wall at 517 D: these walls ain't loyal

[rebuilder]

I'd love to see analysis of correllation between wall observer off-topicness and bitcoin price rate-of-change... I seem to remember the last time it was this OT was last fall.

[hmmmstrange]

JayJuanGee,

You may want to take 10 minutes and think about what defines slavery. Nothing is black and white but at what is the tipping point between free and slavery?
Is conscription a form of being sold? Sucks to be a Ukrainian male in the prime of your life now.
Is 50% taxation, with 5% returned to you in the form of public services make you 45% a slave?
God forbid you are French and productive enough to be taxed 75%.
19th century slaves received room and board, so really they were only 90% slaves and we all pretty much agree that is morally wrong.
What percentage of financial or self ownership enslavement is ok with you?
Zero sounds pretty good to me.  

These people are all free to leave the country and move somewhere else...
A bit different than a slave I would say!

It's not as simple as that. If you leave the USA you are still enslaved in the form of taxation forever as long as you keep your "citizenship". If you renounce it you have to negotiate your fee for leaving. Yes it is different then the 19th century slave, but you are still under the ownership of an entity other then yourself.

[ChartBuddy]

Explanation

[hmmmstrange]

Show me a country which can sell a citizen to another country because they own him...

That was my example of conscription. If your owners decide to go to war to support a foreign power, essentially through the use of conscription they are selling you to that foreign power.

edit: Foreign aid is also a form of giving the your fruits of your labour, which can be argued as an extension of yourself, to a foreign entity without your consent.

[Jettison86]

429 coin wall at 517 D: these walls ain't loyal

Wall eaten!  Wall down.  I repeat wall down.   

[Davyd05]

429 coin wall at 517 D: these walls ain't loyal

Wall eaten!  Wall down.  I repeat wall down.   

confirmed a lot of the movement is happening in the North American overnight.. interesting...trying to catch the sheep sleeping. hmm any thoughts or is it just Europeans doing business during regular hours via bitstamp?

[medialab101]

Looks like no more dumpers left... up we go 

[falllling]

Looks like no more dumpers left... up we go 

429 coin wall at 517 D: these walls ain't loyal

Wall eaten!  Wall down.  I repeat wall down.   

confirmed a lot of the movement is happening in the North American overnight.. interesting...trying to catch the sheep sleeping. hmm any thoughts or is it just Europeans doing business during regular hours via bitstamp?

Get ready for another $520 -> $4xx flash crash

[Raystonn]

... I really dont see a bubble coming like last year.

Passphrase recognized.  Ignition sequence engaged.  Countdown begun.

to 505 !

505 target price confirmed.  Destination set to $505 per mBTC.  Exponential cryptographic cascading enlightenment engine powering up...

Increasing acceleration curve slope.  Engaging trans-currency fiat liquidation engine.

Co-opting U.S. Federal Reserve Bond Purchasing system.  Redirecting as U.S. Federal Reserve Bitcoin Purchasing system.

I'm going to have to get a Trezor for all these coins.  Cold storage is such a pain in the butt.