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

[NotLambchop]

...
No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
...

Not all negative feedback loops result in damped oscillation.  Oscillators, for instance, are simply a negative feedback loop with a time delay.
This is sorta important to remember, and the reason not everything should be modeled on pendulum of a run-down clock.

Well, the time delay arises from the properties of the system. And it's true that not all negative feedbacks result in damped oscillations, those are unstable systems which has not been evidenced in either the price markets or the mining markets.

There is also little evidence to suggest that damped oscillation model is useful in modeling markets or Bitcoin mining.

[brg444]

How much resources does it take to start using a payment processor for select digital content, with barely any PR--a few blog posts?  If you're suggesting that Microsoft made a mistake, that's possible too tho.  I'm on the fence re. this, convince me

Not a mistake. It's called foresight and having a vision. Something you so evidently lack.

[JimboToronto]

---

...Same song and dance answer "cost them nothing", not answering the question still...
I expected more from you, NotLambChop.  Thought you'd actually answer with an actual rebuttal and not just lay down like a turd.

Those are pretty unrealistic expectations.

[lightfoot]

Completely correct. This is important to remember for when the block reward goes away and miners come to rely on fees. It is the mining that will adapt. Though the block reward halving will affect bitcoin price as it will affect supply.

To an extent. Remember though that there are a fair number of irrational people out there, and the issue of the "dollar auction" is one to contend with.

IE: If you go below Capital investment+electricity/rent/staff costs then you are losing money on your farm, but you're losing less than if you just turned it all off and tossed it in the trash. Negative return but still logical. If you go below elec/rent/staff and still mine then you are insane and need mental help. :-)

[NewLiberty]

...
No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
...

Not all negative feedback loops result in damped oscillation.  Oscillators, for instance, are simply a negative feedback loop with a time delay.
This is sorta important to remember, and the reason not everything should be modeled on pendulum of a run-down clock.

The expert on negative feedback tells all.

[NotLambchop]

How much resources does it take to start using a payment processor for select digital content, with barely any PR--a few blog posts?  If you're suggesting that Microsoft made a mistake, that's possible too tho.  I'm on the fence re. this, convince me

Not a mistake. It's called foresight and having a vision. Something you so evidently lack.

So Microsoft, having decided to let a payment processor pay it in $$$, is now a visionary?
But brg444, you said open source...  

[ssmc2]

The wittle wamb is so hungry and we insist on feeding him 

[aminorex]

How do we know there's not a china teapot in an elliptical orbit about the Sun?

In fact we know that there is a china teapot in an elliptical orbit about the Sun.
But perhaps that was your point.

[Richy_T]

The inelastic supply seems to be an issue then. If people demand less, we should be producing less instead of flooding the market so quickly? This must be what creates the volatile bubble-bust cycles. Just like silver

It really isn't all that critical as long as it's predictable.

[NotLambchop]

The wittle wamb is so hungry and we insist on feeding him 

We like you, ssmc2.  We'll keep you alive to watch your friends perish.





  ~your Beneficent Reptilian Overlords.

[brg444]

How much resources does it take to start using a payment processor for select digital content, with barely any PR--a few blog posts?  If you're suggesting that Microsoft made a mistake, that's possible too tho.  I'm on the fence re. this, convince me

Not a mistake. It's called foresight and having a vision. Something you so evidently lack.

So Microsoft, having decided to let a payment processor pay it in $$$, is now a visionary?
But brg444, you said open source...  

Baby steps  

You know they can decide to hold whatever % of BTC they choose right?

"Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout."

[JimboToronto]

The wittle wamb is so hungry and we insist on feeding him 

It's the holiday season and feeding the less fortunate is traditional, even if we do it with a slingshot.  

[NotLambchop]

The inelastic supply seems to be an issue then. If people demand less, we should be producing less instead of flooding the market so quickly? This must be what creates the volatile bubble-bust cycles. Just like silver

It really isn't all that critical as long as it's predictable.

The point is it *is* critical--it is the basis of all modern economies.  All.

[macsga]

...
No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
...

...

The expert on negative feedback tells all.

Clearly LambTroll has ABSOLUTELY NO IDEA what a damped oscillation is or how it may be implemented into a chaotic system. Also, he's using straw man paradigms -all the time- presenting false evidence, that conform his straw man theories, according to his will with only one goal: To occupy space in this thread and to add noise. Please don't fall into his trap. Just press ignore and let him live in oblivion.

AND PLEASE DON'T QUOTE THE TROLLZ!

[NotLambchop]

How much resources does it take to start using a payment processor for select digital content, with barely any PR--a few blog posts?  If you're suggesting that Microsoft made a mistake, that's possible too tho.  I'm on the fence re. this, convince me

Not a mistake. It's called foresight and having a vision. Something you so evidently lack.

So Microsoft, having decided to let a payment processor pay it in $$$, is now a visionary?
But brg444, you said open source...  

Baby steps  

You know they can decide to hold whatever % of BTC they choose right?

"Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout."

Lol, do understand that Microsoft flatters you only to get into your pants wallet.

[ChartBuddy]

Explanation

[klondike_bar]

http://lambsblog.com/wp-content/uploads/2013/11/Zombie.jpg  (image display removed due to graphic asshattery)

what the f---? not remotely what i want to see at christmas, thats just wrong.

[brg444]

How much resources does it take to start using a payment processor for select digital content, with barely any PR--a few blog posts?  If you're suggesting that Microsoft made a mistake, that's possible too tho.  I'm on the fence re. this, convince me

Not a mistake. It's called foresight and having a vision. Something you so evidently lack.

So Microsoft, having decided to let a payment processor pay it in $$$, is now a visionary?
But brg444, you said open source...  

Baby steps  

You know they can decide to hold whatever % of BTC they choose right?

"Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout."

Lol, do understand that Microsoft flatters you only to get into your pants wallet.

  as if I'd let them have my Bitcoins

[Fatman3001]

Clearly LambTroll has ABSOLUTELY NO IDEA what a damped oscillation is or how it may be implemented into a chaotic system. Also, he's using straw man paradigms -all the time- presenting false evidence, that conform his straw man theories, according to his will with only one goal: To occupy space in this thread and to add noise. Please don't fall into his trap. Just press ignore and let him live in oblivion.

AND PLEASE DON'T QUOTE THE TROLLZ!

Then perhaps you should stop quoting him.

[macsga]

Clearly LambTroll has ABSOLUTELY NO IDEA what a damped oscillation is or how it may be implemented into a chaotic system. Also, he's using straw man paradigms -all the time- presenting false evidence, that conform his straw man theories, according to his will with only one goal: To occupy space in this thread and to add noise. Please don't fall into his trap. Just press ignore and let him live in oblivion.

AND PLEASE DON'T QUOTE THE TROLLZ!

Then perhaps you should stop quoting him.

LOL. Touche.  

PS: Fixed