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

[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.

[NotLambchop]

Post the price of a house from 1946 and 2013.

~5k in 1946 vs ~260k 2013, almost x50.

Computers, on the other hand, have actually gone down in price:
~$486,804.00 in 1946 (ENIAC); ~$299.99 in 2006 (2.93-GHz HPa1200y desktop).

That's why the standard of living is measured in terms of "basket of goods," and not in computers or houses.

Hope this clears things up for you

[inca]

Now tell me which items in such a 'basket of goods' takes up most household income. Next remind us who benefits from large mortgages currently in existence in the Western world? Finally, why does it now require both husband and wife to work to attain the same standard of living as a single earner in the 1970's and earlier?

[Elwar]

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.

Most of the posts around 10,000 were people posting "10,000!!!!", trying to be one of the people on the 10,000th page.

But then those that missed it started deleting their old posts so that their post would be on page 10,000. This went on for about 3 days straight.

[Richy_T]

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

Which is great if you live paycheck-to-paycheck and don't plan to retire (and believe the government inflation figures which differ significantly from those calculated by independent bodies).