rpietila Wall Observer - the Quality TA Thread ;)

[giveBTCpls]

regarding unemployment:

the only thing I'd say causes more unemployment than minimum wage laws is the progress of technology. And that should be a good thing. Technology is freeing humans from stressful, monotone and harmful work. A cause for celebration. Productivity is going through the roof. The one reason why this is a cause for lament instead of celebration is that we have a system where you need to earn money in order to sustain yourself and the most accepted form of getting money is to work for it/have a job. Sooner or later something has to break, because the trend of accelerating progress in technology and the correlated trend of decreasing availability of jobs won't be stopping any time soon.

Yes, there will always be creation of new jobs, which didn't exist before but is the rate at which these are created really equivalent to the rate of job destruction caused by technology? I don't think so. 250 years ago technology displaced human labor from agriculture...into industry. Later the same happened to industry jobs and now most developed economies have a 70 - 80% share of service industry in their economies. Technology has already begun to displace human labor from there as well. But human labor has nowhere left to migrate.

I've mentioned this several times. We are headed towards totall collapse unless for starters some sort of universal welfare is paid to everyone. Why? fucking simple, because NOT EVERYONE CAN BE A TECHNICIAN, which will be the bare fucking mimum to get a job in the future, because if most of the "low-iq" jobs start getting replaced with machines (as it should, since its more efficient, cheaper, more secure etc) then all these people do what? exactly, there's nothing to do.

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[giveBTCpls]

So rpietila is starting a Bitcoin illuminati Rothchild Bildercoin group from hell. Meanwhile im unemployed and still don't have an entire BTC.  Financial freedoom

What's your age range and your skills?  Rpietilla is in his late 30s I think (even though some of his pictures look older.. he he he), so he has had some opportunities (and most likely should admit luck) to have achieved a form of financial freedom - nonetheless, NO one's financial freedom is completely ensured unless they are sure that their assets are sufficiently diversified and hedged.  Also, the person must be able to live within the means of the passive income from the assets.  Accordingly, there may be a need to continuously monitor the status of such "financial freedom" - unless the wealth buffer remains sufficiently great in order to make any threat to "FF" a non-issue.

Im in my mid 20's and my skills aren't anything that can be moniterised, or that can give you more than peanuts, I like music and as you can see I can type in english but I cant teach it because my acccent is shit as I dont have any english friends. My country has the most unemployment in europe. Even if I had skills I would be fucked anyway. Bitcoin doesnt solve this.
Also, freewill is an ilusion, this is why is absurd to think people have done anything for themselves, is just a chain of events, no one is responsible of their situation, im not responsible of my situation and rich people aren't responsible of their situation. Freewill, freemarket, all an ilusion.

So you're either Spanish or Greek. I once worked in an foreign language school in Tarifa, Spain. The main teacher there could not pronounce one single English word a hundred percent correctly, still he was teacher. Even here in Germany, I had English teachers with very strong accent. So never mind, your English skills seem to be good enough for teaching. Furthermore, I myself do not speak to English speakers frequently, but I managed to strip off most of my accent myself. You can learn that, too.

Or if you like music, try to make something out of it. I learned to play the guitar when I was 13, all by myself, until now I haven't learned to play by musical score, but I nevertheless I give guitar lessons to beginners once in a while.

I agree that it's not always free will that leads to success or failure. Often the successful are predetermined to be successful because they have the predetermined personality to achieve (which is both a positive and a negative characteristic). I'm not a big "achiever", but I don't want to be one either, I'm content with keeping life simple. I don't need much money. Just try some things according to your abilities and in the end you will still live. If you are able to save a Euro or two and put it into bitcoin, in the end you might still achieve financial freedom. Even if you can't work against - as you might see them - big forces, which keep the successful on top and keep your spirit down, you can try to use the small forces in yourself to make the best out of it. The best for one might not always be perfect, but it's still better than a lifelong depression.

Thats correct, and no I can't be a teacher or get any job at 25 without experience, they always want experience. Im considering studying something this year just to not stay at home again and hopefully meet some girls too, but fuck it, I didn't enroll so i'll have to enroll in whatever spots are left in september.

And no Bitcoin will not achieve shit for me if I don't have any spare fiat to invest on it, which I don't. Basically the little BTCs are get are thanks to Stunna which is like the only way to get Bitcoins these days, he's doing God's work. Once he stops the adv campaing then im fucked.
Bitcoin will never go high enough for me to achieve financial freedom because for that you need at least what? 100 BTC, so not gonna happen.

Being on a dead end is awesome.

GiveBTCpls: 

You have made several points in your various posts around this topic of lack of free will and your current predictament(s). 

You seem to have such negative attitude about possibilities that it seems difficult to influence you otherwise b/c you seem set in your ways, in various respects, which in my thinking may cause your prophecy to become self-fulfilling.

If you are in your mid-20s, and you feel that you have NO hope, then you are going to be much worse in your 30s, 40s and 50s, if you are so lucky (or unlucky) to live so long.  I am nearing 50, so I cannot do as many things as I was able to do in my 20s, and I cannot make as many plans b/c of the age factor; however, when I was in my teens, I was just going with the flow, and by the time I was in my early 20s, I was making plans for my future.  One thing that I learned in my early 20s was to set goals and to attempt to make progress towards those goals on a daily basis.  Otherwise, there are so many distractions in life that can take you off course from your plan(s)/goal(s).

Figuring out some long term skills that you can learn in 3-5 years, and then applying those skills would NOT be too late in your 30s to have developed and followed through with a plan.

Also, with BTC, it is NOT all or NOTHING.  You are actually lucky to already know about BTC, and accordingly, you can figure out ways to earn or invest in BTC on a dollar cost average basis (or a regular basis to build your stock of it).  There is NO need to believe that the only way to profit from BTC is to own 100BTC or to go balls to the walls and put all of your nuts/eggs into the BTC basket. 

Your signature is another give away of your negative/victim mentality.    Few people want to give anything to beggars or to people without a plan b/c the one with the BTC is going to think that you will just pilfer away whatever they give, and so you do NOT deserve to receive the BTC.  In this sense, you have to work on creating an image in which people think that it is good to invest in you b/c you are investing in yourself and that you are making a plan and that you are following through with the plan that you made. 

Plans are NOT set in stone, and some parts of you plan should be flexible enough to evolve with changing circumstances.. .but NONETHELESS, it would be wise for you to create a meaningful long term plan that you can strive towards achieving, rather than mauling in negativity and lack of free will mumbo jumbo.  Certainly there are a lot of obstacles, and certainly, there are more obstacles for some people rather than for others - however in the end, you continue to have some control over your destiny, even when I agree that there are a lot of aspects that are outside of your control.  NONETHELESS, you can still work towards making advancements in your current condition through aspects of your life that you can control. 

On the other hand, if you create NO plan and you continue to believe that everything is futile and predetermined, you are likely going to have continuing bad luck in life.  So, think towards the positive and strive towards positive progress - otherwise you are fucked (to put it frankly).

I try to have long term goals but it's very discouraging when you can't have any savings since it goes to pay basic needs, so you cannot start any sort of meaningful life proyect. I've already given up on owning my own place and bringing girls there and generally living like a normal healthy human being. Im stuck in my parents house for life until I inherit it or some shit.
The extra money im making (in BTC) it's all getting saved and it's all thanks to Stunna. It's not much but I expect to at least have +1BTC by the time 2014 ends. Now I only have to wait that it sky rockets before im 80.

[fonsie]

So your parents dying is actually bullish? 

[Biodom]

regarding unemployment:

the only thing I'd say causes more unemployment than minimum wage laws is the progress of technology. And that should be a good thing. Technology is freeing humans from stressful, monotone and harmful work. A cause for celebration. Productivity is going through the roof. The one reason why this is a cause for lament instead of celebration is that we have a system where you need to earn money in order to sustain yourself and the most accepted form of getting money is to work for it/have a job. Sooner or later something has to break, because the trend of accelerating progress in technology and the correlated trend of decreasing availability of jobs won't be stopping any time soon.

Yes, there will always be creation of new jobs, which didn't exist before but is the rate at which these are created really equivalent to the rate of job destruction caused by technology? I don't think so. 250 years ago technology displaced human labor from agriculture...into industry. Later the same happened to industry jobs and now most developed economies have a 70 - 80% share of service industry in their economies. Technology has already begun to displace human labor from there as well. But human labor has nowhere left to migrate.

We are headed towards totall collapse unless for starters some sort of universal welfare is paid to everyone.

Or...Elysium, which seems most likely if we follow the current trend.

[explorer]

regarding unemployment:

the only thing I'd say causes more unemployment than minimum wage laws is the progress of technology. And that should be a good thing. Technology is freeing humans from stressful, monotone and harmful work. A cause for celebration. Productivity is going through the roof. The one reason why this is a cause for lament instead of celebration is that we have a system where you need to earn money in order to sustain yourself and the most accepted form of getting money is to work for it/have a job. Sooner or later something has to break, because the trend of accelerating progress in technology and the correlated trend of decreasing availability of jobs won't be stopping any time soon.

Yes, there will always be creation of new jobs, which didn't exist before but is the rate at which these are created really equivalent to the rate of job destruction caused by technology? I don't think so. 250 years ago technology displaced human labor from agriculture...into industry. Later the same happened to industry jobs and now most developed economies have a 70 - 80% share of service industry in their economies. Technology has already begun to displace human labor from there as well. But human labor has nowhere left to migrate.

We are headed towards totall collapse unless for starters some sort of universal welfare is paid to everyone.

Or...Elysium, which seems most likely if we follow the current trend.

People don't like to hear it, but depopulation and/or fenced ghettos/ghetto continents are strong possibilities in the future. It all depends whether or not we destroy everything or just our social/financial systems first. In which case we will ALL (99.9%) live there. 

[Bitcopia]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

[av123]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

He has actively been posting on and creating Monero related threads. Not making a judgment on that but rather an "observation".

[Bitcopia]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

He has actively been posting on and creating Monero related threads. Not making a judgment on that but rather an "observation".

I see what you did there. 

Yeah, he's been posting, but nothing about TA. I see more of people trying to psycho analyze givebtcpls or talking about castles. Where can I get my hands on some good TA these days!?

[DieJohnny]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

I get the feeling he has made a mint on Bitcoin and is bored with it. Bitcoin is boring to me and i have been an active owner for far less time than rpietila.

bored bored bored. So boring I worry for its future. The biggest threat to Bitcoin is that early adopters and advocates have become incredibly rich and wealthy, which creates indifference and apathy.

Bitcoin todo's for 2015:

1. resolve Satoshi, bitcoin stash. Give them away Satoshi, ASAP.
2. top 30% of Bitcoin holders cash out, distributing holdings that are too scary for the masses.
3. some govt needs to adopt as its primary asset.

Otherwise i am skeptical.....

[nanobrain]

... have become incredibly rich and wealthy, which creates indifference and apathy...

If you are bored, why not look up the meaning of 'tautology'?

[tabnloz]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

I get the feeling he has made a mint on Bitcoin and is bored with it. Bitcoin is boring to me and i have been an active owner for far less time than rpietila.

bored bored bored. So boring I worry for its future. The biggest threat to Bitcoin is that early adopters and advocates have become incredibly rich and wealthy, which creates indifference and apathy.

Bitcoin todo's for 2015:

1. resolve Satoshi, bitcoin stash. Give them away Satoshi, ASAP.
2. top 30% of Bitcoin holders cash out, distributing holdings that are too scary for the masses.
3. some govt needs to adopt as its primary asset.

Otherwise i am skeptical.....

"For bitcoin to make it it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade. #Antifragile."
 Nassim Taleb

it definitely is not boring. it is a paradigm shift happening before our very eyes, in the trenches. id go so far to say that bitcoin exists in hyper time.

just look back and see what has gone down in 7 months.

- Car chases, helicopters, free lunches, exposes and the one sentence return of Satoshi (The Newsweek article)
- MtGox went belly up, leaked info, blockchain detective work, bankruptcy court.
- BTC Foundation elections, resignations controversy
- Apple on again, off again.
- major retailer adoption (OS)
- Legal in California, yes / no / maybe banned in China, Rusia, Ecuador, Thailand, Denmark etc
- Lawsky regs

[JayJuanGee]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.

At least it's still a thread. It's got that going for it.

He has actively been posting on and creating Monero related threads. Not making a judgment on that but rather an "observation".

I see what you did there. 

Yeah, he's been posting, but nothing about TA. I see more of people trying to psycho analyze givebtcpls or talking about castles. Where can I get my hands on some good TA these days!?

I beg to differ. 

I doubt that we are psycho - analyzing anyone, but instead trying to provide meaningful suggestions concerning the future of BTC and how any person may consider his/her abilities to invest into BTC (whether it is worth it to invest into BTC - seems to be an individual choice but it is also dependent upon a person's view of potential BTC price performance outcomes in the future).

[rpietila]

rpietila Wall Observer - the Quality TA Thread

rpietila - no meaningful contribution for weeks.
Wall Observer - not observed.
Quality - dwindling rapidly.
TA - had it. lost it.
Thread - check.
- still going strong, stronger than eva

At least it's still a thread. It's got that going for it.

ftfy

[Wexlike]

lets go back to some quality discussion:

i have a question regarding the etf's: do you think they will make all of their trades on one of the established exchanges? or will they make most of their trades on one of the new "official" government approved exchanges?

do you think the etfs will have a big impact, even though they might buy the coins from a wealthy holder and bypass the market?

what happens if there is no interest for the etf shares?

[Bagatell]

what happens if there is no interest for the etf shares?

Zero interest is pretty unlikely I would think. More a question of how much and when.

[conspirosphere.tk]

what happens if there is no interest for the etf shares?

i hope so, since i expect that the most likely effect will be like the gold and silver ETFs on pm price.
if they will sell multiples in btc-promises of what they own it could drain lots of liquidity from the market

[ensurance982]

what happens if there is no interest for the etf shares?

i hope so, since i expect that the most likely effect will be like the gold and silver ETFs on pm price.
if they will sell multiples in btc-promises of what they own it could drain lots of liquidity from the market

Could you elaborate, what happened there? Wouldn't a drained liquidity simply push the price up? Isn't that good?

[rpietila]

I try to have long term goals but it's very discouraging when you can't have any savings since it goes to pay basic needs, so you cannot start any sort of meaningful life proyect. I've already given up on owning my own place and bringing girls there and generally living like a normal healthy human being. Im stuck in my parents house for life until I inherit it or some shit.

When I was 12 I realized I need to get to Helsinki or I would be stuck in a village where the distance to the nearest elementary school is 25 km and employment was about 30%. (My brother currently runs the farm and both parents are working outside in addition, to make the ends meet.) So I needed to undergo the following, among others:

- Working on farms (several employers), potatoes, picking strawberries, manufacturing & selling products, general farmwork, to raise money
- Buying and playing every title of the Sid Meier's Civilization series to enhance strategic thinking
- Saving money whenever possible, especially never buying a drink (even at my own sophomore party), always drinking from the toilet tap, going a whole day without drinking if tap water wasn't available, walking up to 8 km habitually just to save money, never buying clothes or food until 18
- Investing in stocks in the age of 16, in Russian market when 18, it went down 75% in 2 weeks since I bought
- Biking 22 km/day instead of taking a subsidized bus, to save money; hopping off bus 1 km early because the fare was cheaper
- Delivering spam to ppl's mailbox, twice per week, up to 830 mailboxes at a time, while trying to study
- Scavenging the trashbins for food, living up to 6 weeks without even once buying groceries, during uni
- Falling victim to multiple scams and money-making schemes
- First company went bankrupt and due to good luck, I did not end up losing all
- Second company was still making loss after 5 years, so essentially I subsidized it with my time and lived off wife's salary
- An arm of the government of Finland confiscated all my assets once for 7 months, no charges, no compensation
- Only occasionally had a car or two (or up to 8 when we had a car rental agency)
- Never owned real estate before buying the castle
...
- Making my first million at the age of 29, a mere 17 years after making the commitment to do so.

=> Make a target and stick to it. The unalterable laws of statistics favor the determined, if you just roll the ball enough many times

17 years sounds like much, but really if you are now 23, you'll then be 40. Not everyone who is 40 has a million euros! Also you are older in the beginning, so it's possible you can do it ~4 years sooner just for that reason. Then the general speed of things has increased a lot, shave off an additional 2 years. So at 34, you'll be a millionaire!

[ensurance982]

I try to have long term goals but it's very discouraging when you can't have any savings since it goes to pay basic needs, so you cannot start any sort of meaningful life proyect. I've already given up on owning my own place and bringing girls there and generally living like a normal healthy human being. Im stuck in my parents house for life until I inherit it or some shit.

When I was 12 I realized I need to get to Helsinki or I would be stuck in a village where the distance to the nearest elementary school is 25 km and employment was about 30%. (My brother currently runs the farm and both parents are working outside in addition, to make the ends meet.) So I needed to undergo the following, among others:

- Working on farms (several employers), potatoes, picking strawberries, manufacturing & selling products, general farmwork, to raise money
- Buying and playing every title of the Sid Meier's Civilization series to enhance strategic thinking
- Saving money whenever possible, especially never buying a drink (even at my own sophomore party), always drinking from the toilet tap, going a whole day without drinking if tap water wasn't available, walking up to 8 km habitually just to save money, never buying clothes or food until 18
- Investing in stocks in the age of 16, in Russian market when 18, it went down 75% in 2 weeks since I bought
- Biking 22 km/day instead of taking a subsidized bus, to save money; hopping off bus 1 km early because the fare was cheaper
- Delivering spam to ppl's mailbox, twice per week, up to 830 mailboxes at a time, while trying to study
- Scavenging the trashbins for food, living up to 6 weeks without even once buying groceries, during uni
- Falling victim to multiple scams and money-making schemes
- First company went bankrupt and due to good luck, I did not end up losing all
- Second company was still making loss after 5 years, so essentially I subsidized it with my time and lived off wife's salary
- An arm of the government of Finland confiscated all my assets once for 7 months, no charges, no compensation
- Only occasionally had a car or two (or up to 8 when we had a car rental agency)
- Never owned real estate before buying the castle
...
- Making my first million at the age of 29, a mere 17 years after making the commitment to do so.

=> Make a target and stick to it. The unalterable laws of statistics favor the determined, if you just roll the ball enough many times

17 years sounds like much, but really if you are now 23, you'll then be 40. Not everyone who is 40 has a million euros! Also you are older in the beginning, so it's possible you can do it ~4 years sooner just for that reason. Then the general speed of things has increased a lot, shave off an additional 2 years. So at 34, you'll be a millionaire!

You should give classes in that castle of yours! Offer week-long seminars complete with hiking around the countryside or something! If that's successful, you may be in for another million (please invest that in BTC afterwards)

[ErisDiscordia]

regarding unemployment:

the only thing I'd say causes more unemployment than minimum wage laws is the progress of technology. And that should be a good thing. Technology is freeing humans from stressful, monotone and harmful work. A cause for celebration. Productivity is going through the roof. The one reason why this is a cause for lament instead of celebration is that we have a system where you need to earn money in order to sustain yourself and the most accepted form of getting money is to work for it/have a job. Sooner or later something has to break, because the trend of accelerating progress in technology and the correlated trend of decreasing availability of jobs won't be stopping any time soon.

Yes, there will always be creation of new jobs, which didn't exist before but is the rate at which these are created really equivalent to the rate of job destruction caused by technology? I don't think so. 250 years ago technology displaced human labor from agriculture...into industry. Later the same happened to industry jobs and now most developed economies have a 70 - 80% share of service industry in their economies. Technology has already begun to displace human labor from there as well. But human labor has nowhere left to migrate.

I've mentioned this several times. We are headed towards totall collapse unless for starters some sort of universal welfare is paid to everyone. Why? fucking simple, because NOT EVERYONE CAN BE A TECHNICIAN, which will be the bare fucking mimum to get a job in the future, because if most of the "low-iq" jobs start getting replaced with machines (as it should, since its more efficient, cheaper, more secure etc) then all these people do what? exactly, there's nothing to do.

The need for the replacement of the current system seems obvious to me. The trajectories of the trends of technological progress and unemployment seem to dictate that we will need to abandon our current system soon. The basic income idea is gaining traction lately, especially in German speaking countries for some reason, maybe because GRUNDEINKOMMEN sounds so much more bad ass than basic income The Swiss held a referendum on this very idea recently, but rejected it.

The way I see it there is a huge danger here. The arguments for a basic income seem compelling in the face of our current economic reality. BUT we mustn't fall prey to the close minded assumption that basic income can only be implemented via the state/government. What we should focus on, before the economic pressure forces our collective hand so to say, is creating systems/networks for the providing of basic needs, which are based on voluntary cooperation, not on forced redistribution. This is why I keep advocating that we, the early adopter community, need to embrace tipping/payment culture (thank you Bitcoin and microtransactions!) to blaze the trail. Otherwise some sort of government mandated "solution" might very likely be forced down our throats in the years to come. We need to be ready, with (superior) alternatives in place.