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

[Wandererfromthenorth]

If you bought something from the SR2, you're REKT:

https://twitter.com/Bitcoin_Watcher/status/530409349047676929

[NotLambchop]

  When self-regulation failed, governments stepped in.  

Because Governments know what they're doing...
http://www.forbes.com/sites/kashmirhill/2013/10/07/the-nsas-hugely-expensive-utah-data-center-has-major-electrical-problems-and-basically-isnt-working/

Did it torch up like a mountain of old tires?  

No but they did spend over $1 billion dollars on a facility that doesn't function

Which is worse?

>Cowboyminer: Smallfry.

>NSAS: Inexhaustible supply of $$$

Who's in deeper shit?

So we went from who's more incompetent to who's in more trouble financially? Nice switch-a-roo

cowboyminer - 1 guy or a group of investors take a loss

8+mil/1 = 8mil per capita loss

NSA facility - entire U.S government plan fails and tax payers get fucked..even though it's an expenditure that I'm sure they hope fails

Working just fine/316.1 mil (US population)



Yep

[dEBRUYNE]

http://www.fbi.gov/newyork/press-releases/2014/operator-of-silk-road-2.0-website-charged-in-manhattan-federal-court

[Erdogan]

...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?

Underwriter Laboratories is a good example. http://en.wikipedia.org/wiki/UL_%28safety_organization%29 Industries are incentivized to adopt standard best practices.

I asked for the difference between self-regulation and no regulation.
You gave me a link to this:
"UL is one of several companies approved to perform safety testing by the US federal agency Occupational Safety and Health Administration (OSHA)."
I'd like an answer, not a non-sequitur.

In your factory fire example, you need to understand that employers face competition for labor the same way workers face competition for jobs. A worker would choose to work in a safe workplace, all things else being equal. Farmers were maiming themselves with their own machinery in their own fields at the same time, but no government rescue there. Why? Because maybe a factory fire makes a good story. You need a bad guy for conflict and drama. To argue that workplace safety is a constant tension between higher productivity and safety until new practices and technology ratchet the standards higher is kind of boring.

Yes, hungry girls will work unsafe, degrading jobs because need trumps everything else.  What point are you trying to make?  That we should return to the Triangle Shirtwaist Factory days?  Sweatshops?  Child labor?  
Or are you asking for greater regulation of farm equipment safety?

Self regulation is a standard, set by producers, maybe in the form of a free association, where each producer can freely choose to follow the standard or not. Self regulation sometimes succeeds in producing good quality products or products that interoperate well, because the customers in the market want it, too, thereby expanding the market.

Self-regulation, in practice, gave us the likes of Triangle Shirtwaist Factories.  When self-regulation failed, governments stepped in.  Stifling productivity/economic growth is in no one's interest. Your government can't tax you on the money you don't make.
More recent (and lulzy) example of Bitcoin businesses practicing self-regulation:


https://bitcointalk.org/index.php?topic=521520.msg9451926#msg9451926

*Not even mentioning all the Bitcoin "businesses" self-regulating on Havelock, CryptoStocks and other self-regulated "securities exchanges"--that's a whole other bundle of lel.

It was the government who hung up the moon too, I heard it on the Alex Jones show.

[NotLambchop]

^
Nah, but US government put a man there once

[LFC_Bitcoin]

@blakeeb
best thing I've ever built. maybe. haaaaay.com #comedyhackday
5:05am - 28 Sep 14



What is that site please guys?

[oda.krell]

Now can everyone stop feeding this cunt please?

No. He's stubbornly wrong, but polite and intelligent (though misguided) in his arguments. If this community cannot tolerate that much dissent, it'd be too pathetic to be true.

I happen to pay attention to that guy and many of his post make sense, we people usually hate truth and like to contradict it to make it fit our hopes, wishes and delusions...but when did you became one of the delusional bull-tards? I used to enjoy most of your posts, sad that you started to act like an imbecile lately.  

Why thanks. Care to elaborate how exactly this comment makes me a "bull tard"? For not agreeing with the good professor that Bitcoin is (essentially) just a Ponzi?

Guess you can never really be in the middle of two hardened ideological positions... bulls will call you bear troll, bears bull tard. Fine by me

P.S. Hi SR2. Again, November. Weird.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

P.S. Hi SR2. Again, November. Weird.

And on top of that. The same day (6th november)! lol

[ShroomsKit]

1500 coins again to 350.
They are doing everything they can to make sure their coins won't get worth more. Imagine that. That would be horrible.

[tarmi]

oh boy, I do hope that shroomsie was the one buying my coins at 350.

[dEBRUYNE]

Some bot is buying 166 coins every few minutes. It had the same behaviour a few hours ago but was buying 200 coins then. Chinese Willy?

[Wandererfromthenorth]

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.

The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.

We're going up and it's confirmed!

[podyx]

Some bot is buying 166 coins every few minutes. It had the same behaviour a few hours ago but was buying 200 coins then. Chinese Willy?

[NotLambchop]

P.S. Hi SR2. Again, November. Weird.

And on top of that. The same day (6th november)! lol

SR2 not the only one.

the same time:
Hydra 14:52 – Confirmed Seized
Cloud 9 15:07 – Confirmed Seized
BlueSky 15:07
SR2 15:11 – Confirmed Seized
Pandora 15:15
Alpaca 15:18
TheHub forums 16:14

 http://www.deepdotweb.com/2014/11/06/silk-road-2-seized/

[tarmi]

go NSA

[NotLambchop]

go NSA

Good.  Good...

[BitChick]

I am off to India!    I might have some Wifi while there so I can check in perhaps.  At least Emirites has free Wifi for the flight.

Don't miss me too much! 

[Torque]

P.S. Hi SR2. Again, November. Weird.

And on top of that. The same day (6th november)! lol

SR2 not the only one.

the same time:
Hydra 14:52 – Confirmed Seized
Cloud 9 15:07 – Confirmed Seized
BlueSky 15:07
SR2 15:11 – Confirmed Seized
Pandora 15:15
Alpaca 15:18
TheHub forums 16:14

 http://www.deepdotweb.com/2014/11/06/silk-road-2-seized/

[LFC_Bitcoin]

I am off to India!    I might have some Wifi while there so I can check in perhaps.  At least Emirites has free Wifi for the flight.

Don't miss me too much! 

Have fun