Wall Observer - MtGoxUSD wall movement tracker

[lebing]

"the geeks have no idea what they invented".

In which way?

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[oakpacific]

Really, this isn't good.  The coming crash is going to be really bad.  But, I guess that's how this thing is gonna go for a looooong time.  2 steps forward, 1.9 steps back.

as the years go by....

In all seriousness, we're bubbling up again.  And the result is going to be another crash that puts bitcoin back some years...again.  There's nothing that can be done about it, I'm just pointing out the obvious.

Yeah...like nobody here knows about the obvious.  But despite the obvious, the price for 1 oz of gold has never fallen to that of 1 oz of copper, there's a lower limit and you have tried to set it,  what people are disputing is that your target is wrong, not the obvious fact that the price is always gonna fall sometimes.

[oakpacific]

"the geeks have no idea what they invented".

In which way?

The disruptive way?

[lebing]

"the geeks have no idea what they invented".

In which way?

The disruptive way?

Yeah I'm quite sure they have every idea this is what they created in that respect. A shit ton of research, thought, time and effort went into this original code. So much so that I'm beginning to doubt it was even possible for one person to do it alone.

[oakpacific]

"the geeks have no idea what they invented".

In which way?

The disruptive way?

Yeah I'm quite sure they have every idea this is what they created in that respect. A shit ton of research, thought, time and effort went into this original code. So much so that I'm beginning to doubt it was even possible for one person to do it alone.

Yeah, but like all great inventions, it may end up being used in places and by people least expected.

[cypherdoc]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

[01BTC10]

[cypherdoc]

Really, this isn't good.  The coming crash is going to be really bad.  But, I guess that's how this thing is gonna go for a looooong time.  2 steps forward, 1.9 steps back.

as the years go by....

In all seriousness, we're bubbling up again.  And the result is going to be another crash that puts bitcoin back some years...again.  There's nothing that can be done about it, I'm just pointing out the obvious.

read your quote from this post of mine.  this is back when the price was $2.

https://bitcointalk.org/index.php?topic=68655.msg1468402#msg1468402

when's it gonna be low enough for you?  seriously.

[smoothie]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Hey hey hey,

Stop stereotyping!

I understand. Well at least I think I do. Future implications far out, hard to comprehend but over the course of a few years...not so hard.  

[Spaceman_Spiff]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

[cypherdoc]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

[smoothie]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

This I can agree with.

[Chalkbot]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

So you're saying it's a steal at $17.90 per coin?

[oakpacific]

It seems to me that you have to be really geeky if you put your hard-earned fiats into a monetary experiment just for the "geek factor" of it.

I recently read the history of U.S declaration of independence and am wondering what variety of motives would later historians attribute to the early adopters, like what historians today are doing to the founding fathers.

[Kupsi]

This rally gives me insomnia  

< 10k to $19.00
< 20k to $20.00

 

[keewee]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

So you're saying it's a steal at $17.90 per coin?

Well if $18 falls....

[cypherdoc]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

So you're saying it's a steal at $17.90 per coin?

with all due respect, that kinda specificity i have to reserve for the letter.

[myself]

bulls buy already to the freaking 20 usd to see what's happening

[bb113]

"the geeks have no idea what they invented".

In which way?

in the sense that geeks can read the code, understand that there is something there, but fail to comprehend the economic implications of what has been created.

Nah, I think Satoshi knew exactly what he was creating.  You don't just come up with a new form of currency unless you are really into monetary theory.

yes, i am being a bit inconsistent when i generalize to "geeks".  i don't literally mean all geeks in deference to guys like smoothie.  he gets it.  and i do think Satoshi clearly knew what he was creating.

what i mean is that plenty of ppl describe Bitcoin as for "geeks" only.  this clearly is not the case as not all geeks understand what's been created even though they can read code and understand a bit about economics.

Bitcoin is the philosophers stone?

[Spaceman_Spiff]

Each time these 500+ BTC buys get done, I cant help myself but make cookie-monster sounds  

Nom Nom Nom !

http://www.youtube.com/watch?feature=player_detailpage&v=OqL7jyrXhLs#t=5s