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

[pjviitas]

...
Crypto is Darwinistic and the strongest will survive,  fiat is imposed and has no competition.

To go along with your social Darwinism silliness for a bit:

Survival of the fittest doesn't imply "survival of the fittest that play fair/by the rules that I like."
It's survival by any means, even if those means are evol gubermint jackbooted thugs stomping on the faces of christlike Bitcoiners.
So yeah...  Fiat's king.

There is only one way to wrestle control of money out of the governments hands and that will be all out war in which case the most valuable thing will be bullets.

Be careful of what you wish for because if it happens it won't be pretty.

You can pretty much say bye bye to your suberbs, shopping malls and suvs.

Wait, wat?  You're not suggesting the local liber contingent is going to take up arms against their government?
The same kooks who "invested" their money in BTCeanie BTCabies Bitcoin and won't sell until it's $10K/coin?

I'll hold off on stocking up potable water, beans & ammo for now, but thanks for the heads-up.

My point exactly

[shmadz]

Did you catch this one a few years back?
http://research.microsoft.com/pubs/156072/bitcoin.pdf
This isn't a new effort.

Thank you for the link, it certainly looks interesting.

Good to see that some academics are actually doing work rather than just trolling internet forums.

[JorgeStolfi]

Did you catch this one a few years back?
http://research.microsoft.com/pubs/156072/bitcoin.pdf
This isn't a new effort.

Thank you for the link, it certainly looks interesting.

Good to see that some academics are actually doing work rather than just trolling internet forums.

Well, here is some work for you:
http://www.ofnumbers.com/2014/12/19/are-there-changes-in-the-volume-of-retail-transactions-through-bitpay-this-past-year/

[shmadz]

Did you catch this one a few years back?
http://research.microsoft.com/pubs/156072/bitcoin.pdf
This isn't a new effort.

Thank you for the link, it certainly looks interesting.

Good to see that some academics are actually doing work rather than just trolling internet forums.

Well, here is some work for you:
http://www.ofnumbers.com/2014/12/19/are-there-changes-in-the-volume-of-retail-transactions-through-bitpay-this-past-year/

Thank you as well. I am familiar with some of Tim Swanson's work, but I had not checked out his blog.

Some interesting stuff about smart contacts and using Blockchain technology to manage assets.

[bad trader]

The doomline wins again?

[Richy_T]

You have the third-world poor transacting on the testnet? 

Heh, Imagine if testcoin turned out to be the crypto-currency that displaced Bitcoin.

[ChartBuddy]

Explanation

[inca]

Bfx btc swaps (potential or open leveraged shorts) now at 18,750.

Keep on shorting, traders.

[NotLambchop]

Sherm doesn't sound quite as cocky and self-satisfied as he used to.  2 year's jail time sure humbles a guy

“I screwed up,” Shrem told U.S. District Judge Jed Rakoff. “The bitcoin community, they’re scared and there is no money laundering going on any more. They’re terrified. Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there. If your honor grants me that, I can be out there in the world, making sure that people don’t do the same stupid things that I did.”

[Richy_T]

Yup.

Christmas is coming. No doubt many of us will settle down, full of ham, turkey, duck (or whatever your local seasonal dish is) around the television with the family and tune into that enduring classic, "It's a wonderful life".

If you're familiar with this movie, at one point, $8000 dollars is misplaced. This is seen as a catastrophe. Chaos ensues: Businesses are at risk, careers threatened, jail time looms, suicide considered.

Over $8000?

Well, see "It's a Wonderful Life" was released in 1946. Care to guess how much that would be worth in modern money? We're talking close to $100,000 dollars (give or take pocket change) and that's using government figures which have been diddled over the years.

Merry Christmas.

[tarmi]

Sherm doesn't sound quite as cocky and self-satisfied as he used to.  2 year's jail time sure humbles a guy

“I screwed up,” Shrem told U.S. District Judge Jed Rakoff. “The bitcoin community, they’re scared and there is no money laundering going on any more. They’re terrified. Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there. If your honor grants me that, I can be out there in the world, making sure that people don’t do the same stupid things that I did.”

he sounds pretty desperate. I guess he doesnt have much faith in the USA corrective system and facilities.

and no, I am not terrified, but I would like to know what happened to goat and other troll posters from this thread? their posts are nowhere to be found. 

[ElectricMucus]

Did you catch this one a few years back?
http://research.microsoft.com/pubs/156072/bitcoin.pdf
This isn't a new effort.

Thank you for the link, it certainly looks interesting.

Good to see that some academics are actually doing work rather than just trolling internet forums.

Be careful they eat people alive here for debating this.

[Tzupy]

Sherm doesn't sound quite as cocky and self-satisfied as he used to.  2 year's jail time sure humbles a guy

“I screwed up,” Shrem told U.S. District Judge Jed Rakoff. “The bitcoin community, they’re scared and there is no money laundering going on any more. They’re terrified. Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there. If your honor grants me that, I can be out there in the world, making sure that people don’t do the same stupid things that I did.”

he sounds pretty desperate. I guess he doesnt have much faith in the USA corrective system and facilities.

and no, I am not terrified, but I would like to know what happened to goat and other troll posters from this thread? their posts are nowhere to be found. 

Many posts in this thread have been deleted around the 10k posts mark, and also earlier. Fearing that those could have been used as evidence?
As for 2 years of jail humbling a guy, I don't think so. Just makes him bitter and revengeful, possibly more cautious.

[Richy_T]

But it is not radically more evil than any other tax. 

I disagree. Property taxes (which inflation essentially is) are much worse than taxes based on income or transactions as one is forced to labor to pay them.

Also, though this no doubt varies from country to country, inflation typically distributes wealth to the already wealthy. Only the very, very poor who are not attempting to better their lives benefit at the lower end of the scale.

[Bitcoin_BOy$]

                       ~  BTCtc-e ~
 

#########################
#   Last Price: 320.9 USD                      #
#   Low: 314.001 USD                           #
#   High: 328.9689 USD                        #
#   Volume: 5985 BTC / 1915618 USD   #
#   Server Time: 21.12.14 22:25           #
#########################

[Brewins]

Sherm doesn't sound quite as cocky and self-satisfied as he used to.  2 year's jail time sure humbles a guy

“I screwed up,” Shrem told U.S. District Judge Jed Rakoff. “The bitcoin community, they’re scared and there is no money laundering going on any more. They’re terrified. Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there. If your honor grants me that, I can be out there in the world, making sure that people don’t do the same stupid things that I did.”

he sounds pretty desperate. I guess he doesnt have much faith in the USA corrective system and facilities.

and no, I am not terrified, but I would like to know what happened to goat and other troll posters from this thread? their posts are nowhere to be found. 

They just changed names and keep trolling.

See the forum to find a post from them in less than 5 minutes

[NotLambchop]

...
Christmas is coming. No doubt many of us will settle down, full of ham, turkey, duck (or whatever your local seasonal dish is) around the television with the family and tune into that enduring classic, "It's a wonderful life".

If you're familiar with this movie, at one point, $8000 dollars is misplaced. This is seen as a catastrophe. Chaos ensues: Businesses are at risk, careers threatened, jail time looms, suicide considered.

Over $8000?

Well, see "It's a Wonderful Life" was released in 1946. Care to guess how much that would be worth in modern money? We're talking close to $100,000 dollars (give or take pocket change) and that's using government figures which have been diddled over the years.

Merry Christmas.

Yep, 8k in 1946 is ~102k now, almost x13 times

On a happier note:

Average Annual Income 1946 = $2,600;   2013 =$51,017, almost x20 times.

Funny things, stats

[inca]

Post the price of a house from 1946 and 2013.

[NotLambchop]

Sherm doesn't sound quite as cocky and self-satisfied as he used to.  2 year's jail time sure humbles a guy

“I screwed up,” Shrem told U.S. District Judge Jed Rakoff. “The bitcoin community, they’re scared and there is no money laundering going on any more. They’re terrified. Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there. If your honor grants me that, I can be out there in the world, making sure that people don’t do the same stupid things that I did.”

he sounds pretty desperate. I guess he doesnt have much faith in the USA corrective system and facilities.

and no, I am not terrified, but I would like to know what happened to goat and other troll posters from this thread? their posts are nowhere to be found. 

Many posts in this thread have been deleted around the 10k posts mark, and also earlier. Fearing that those could have been used as evidence?
As for 2 years of jail humbling a guy, I don't think so. Just makes him bitter and revengeful, possibly more cautious.

I'll settle for "cautious."  He needed to learn the value of STFU.

[600watt]

fuck off.