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

[ChartBuddy]

Explanation

[xyzzy099]

Civil servants do not get a cut of the money from the auction; that money goes to the Treasury (or to some general fund for the public good).  They are motivated by gold stars in their resumé, that eventually lead to promotions.  Catching and convicting criminals yields gold stars for all involved.  Carrying out a smooth auction of a weird item, with no complaints of bad press,  also yields gold stars.  They do not care if the auction messes the market or gets a lousy price, but they worry about doing something stupid that could stain their resumés -- such as auctioning a bunch of seized game tickets after the game, or auctioning so much stuff at one time that they cannot get enough bidders for it.

http://www.nytimes.com/2014/11/10/us/police-use-department-wish-list-when-deciding-which-assets-to-seize.html?_r=0

The seminars offered police officers some useful tips on seizing property from suspected criminals. Don’t bother with jewelry (too hard to dispose of) and computers (“everybody’s got one already”), the experts counseled. Do go after flat screen TVs, cash and cars. Especially nice cars.

In the sessions, officials share tips on maximizing profits, defeating the objections of so-called “innocent owners” who were not present when the suspected offense occurred, and keeping the proceeds in the hands of law enforcement and out of general fund budgets. The Times reviewed three sessions, one in Santa Fe, N.M., that took place in September, one in New Jersey that was undated, and one in Georgia in September that was not videotaped.

Officials offered advice on dealing with skeptical judges, mocked Hispanics whose cars were seized, and made comments that, the Institute for Justice said, gave weight to the argument that civil forfeiture encourages decisions based on the value of the assets to be seized rather than public safety. In the Georgia session, the prosecutor leading the talk boasted that he had helped roll back a Republican-led effort to reform civil forfeiture in Georgia, where seized money has been used by the authorities, according to news reports, to pay for sports tickets, office parties, a home security system and a $90,000 sports car.

Yeah, if you assume corruption, all bets are off.

The article I cited does not mention corruption at all.  It just describes the way asset forfeiture works in the US currently.  It's not corruption if it's not illegal, right?

[Phillis]

Why do you people keep quoting that idiot Stolfi? Why? Don't you still not get it. If you say white he says black, when you say right he says yes. He only does this because of his sick need for attention. The subject is irrelevant. He will always say the opposite just so you reply to him.
Stop doing it. Don't give that retard what he wants.

Thanks for giving me what I want. 

can't we all get along?

[YogoH]

Ripple Ladies and Gentlemen,




( I own a small amount)

[ShroomsKit]

Ripple Ladies and Gentlemen,




( I own a small amount)

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

[mah87]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents . Same than bitcoin in the past. "Oh Bitcoin ? what is it ? Go away dummy with your scam" This exactly the same what's happening with Ripple. People don't understand early things;

[Walsoraj]

...

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

Compare btc and xrp 1d charts. Look at the last 4 months. XRP is headed towards the moon, while Bitcoin is destined to remain stuck in Earth's gravity.  IT IS A SCIENTIFIC FACT.

And yes, all downward xrp movements are a result of manipulative attempts to suppress genuine demand. This is the exact opposite of how bitcoin works.

[Richy_T]

Why do you people keep quoting that idiot Stolfi? Why? Don't you still not get it. If you say white he says black, when you say right he says left.

Jaws was never his scene and he don't like Star Wars.

I think Shroomsy wants to ride his bicycle.

[ChartBuddy]

Explanation

[marcus_of_augustus]

The article I cited does not mention corruption at all.  It just describes the way asset forfeiture works in the US currently.  It's not corruption if it's not illegal, right? Wink

No. I think the phrase is Banana Republic.

[Carra23]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

[derpinheimer]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Hmm, that's a good point. I dint care to learn what ripple is, but being that it's worse than bitcoin for sure, it is more likely to succeed.

On the other hand... Bagholders. Hella bagholders.

[ParabellumLite]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Sorry to break it to you, but this is the same uninformed bullshit about Ripple I see from so many people down here. Sure, the founders have allocated parts of the XRP funds to themselves. Only all are bound to lock up agreements, and will not kill Ripple out of some grand 'scheme'. Give me a good reason why they have multiple deals with banks now and are employing more and more people everyday if it is simply a scam.

Now I think about it: best buy me some Ripples as well. I would love it to be lower, but too bad that won't happen unless Bitcoin were to crash down to 50 bucks a bit quicker.

[Richy_T]

Why do you people keep quoting that idiot Stolfi Shromskit ? Why? Don't you still not get it. If you say white pump he says black dump, when you say right he says left. He only does this because of his sick need for attention. The subject is irrelevant. He will always say the opposite just so you reply to him to be overdramatic and catch attention.
Stop doing it. Don't give that retard what he wants.

Oops I did it again  

And now Brittney Spears. It's like some weird version of Bonaroo in here.

[jonoiv]

[ssmc2]

How much shilling and promoting of a scam-coin/protocol does one have to do to get banned?

[mah87]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Well not everything is perfect but they probably won't do that. They are the only one dealing with banks. Coinbase is working with banks. But RippleLabs is INTEGRATING banks this is far more ambitious.

The day we'll see the result of the banks they signed then it'll be too late to invest. But yes this is risky.

[mymenace]

Ripple will blow everything off very soon. Buy now at half a cent or buy later at 50cents .

Then they will unload the billions and all the bagholders will be left crying. Their technology is great but their centralization will kill their potential.

Well not everything is perfect but they probably won't do that. They are the only one dealing with banks. Coinbase is working with banks. But RippleLabs is INTEGRATING banks this is far more ambitious.

The day we'll see the result of the banks they signed then it'll be too late to invest. But yes this is risky.

the idea of bitcoin is to get away from the banks methinks

this makes ripple even more undesirable to me, if it is about increasing your wealth then there a multiple opportunities to invest in, ripple included (except why did the dev do a runner to start stellar, what does he know?)

[dewdeded]

Fuck Ripple and it's paid shills!

[justusranvier]

Did I just read a post complaining about Ripple shills by a "Monero Evangelist?"