Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20832. (Read 26707935 times)

legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

I think that my various responses had the right tone.   I have been reading his posts for at least a year and a half. 

 There is NO personal attack contained within my responses... a little colorful language and to suggest that someone is simplifying and misleading is NOT a personal attack, it is an attack on his generally disingenuous presentation and he should know better regarding a variety of his points, that he is full of shit... and that is NOT a personal attack..   Tongue Tongue Tongue


Or complexifying and misleading, in any event, he's doing it for the lulz.

Fatman3001 - I believe that we largely agree. 

From time to time over the past 18 months, I have engaged with Stofli, and sometimes he will stand up fairly vigorously to his various trolling arguments, and then other times, he seems to engage in a passive aggressive bitchism by NOT responding, especially to materially relevant points.  Accordingly, sometimes, his oversimplification is to leave out material and relevant facts.  At other times, he (Stofli) brings in a bunch of irrelevant arguments and facts to make something more complex with his discussion of the various irrelevancies and asserting tat those various irrelevancies are super important. 

So yes, I agree, sometimes we also see complexifying tactics, too, from Stofli.

In either event, his posts seem to be designed in part to incite strong responses from other members because as an alleged professor, he should know a lot better than to engage in such fantasy, disinformation tactics, which causes me to suspect that he is likely financially profiting, in a variety of ways from the amount of time that he is spending on this forum and in other related bitcoin discussions.

It wasn't meant as a correction. I'm sorry if it came out that way.

Professors can be assholes too, believe me. He knows what he's doing.

I've read your posts from before you drank the juice of brevity so If you want to have a go at stolfi you're more than welcome. I know you can handle it.
legendary
Activity: 1260
Merit: 1116
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Fantasizing about *buying* a huge speedboat as BTC continues to tank.  Like making wedding plans on the tilting promenade deck of the Titanic.
Deliciously, perversely grotesque Smiley
*Fatman, you really don't want a forty(+?)ft (pleasure) speedboat, not even if you live on the water somewhere in BVI & shit gold nuggets.

Don't worry TwatTony I know a guy who knows a guy who really likes to polish boats.
hero member
Activity: 910
Merit: 1003
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.
What economists advocated this position in 1515?

I was thinking of Gresham's Law (aka Copernicus's Law).  Sorry if I got the date wrong by a century or so; my childhood memories are beginning to fade.  Wink
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

I think that my various responses had the right tone.   I have been reading his posts for at least a year and a half. 

 There is NO personal attack contained within my responses... a little colorful language and to suggest that someone is simplifying and misleading is NOT a personal attack, it is an attack on his generally disingenuous presentation and he should know better regarding a variety of his points, that he is full of shit... and that is NOT a personal attack..   Tongue Tongue Tongue


Or complexifying and misleading, in any event, he's doing it for the lulz.

Fatman3001 - I believe that we largely agree. 

From time to time over the past 18 months, I have engaged with Stofli, and sometimes he will stand up fairly vigorously to his various trolling arguments, and then other times, he seems to engage in a passive aggressive bitchism by NOT responding, especially to materially relevant points.  Accordingly, sometimes, his oversimplification is to leave out material and relevant facts.  At other times, he (Stofli) brings in a bunch of irrelevant arguments and facts to make something more complex with his discussion of the various irrelevancies and asserting tat those various irrelevancies are super important. 

So yes, I agree, sometimes we also see complexifying tactics, too, from Stofli.

In either event, his posts seem to be designed in part to incite strong responses from other members because as an alleged professor, he should know a lot better than to engage in such fantasy, disinformation tactics, which causes me to suspect that he is likely financially profiting, in a variety of ways from the amount of time that he is spending on this forum and in other related bitcoin discussions.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

Well, a couple of those "because we don't want to waste money on expensive cars".

- pic of stupid prick -

Keep 'em in a brain wallet, not in a will. Then you are the man in the house!
If it's ok with her  Wink

Oh I'm the man in the house. It just doesn't mean shit anymore.
sr. member
Activity: 406
Merit: 251
hero member
Activity: 910
Merit: 1003
Jorge and other Keynesians hate people saving their money because then nobody has a safety net. Without a safety net this necessitates the government to provide it. And there is nothing Keynesians love more than government force.

I don't know enough about Keynes (or Economics) to tell whether I am a Keynesian.  But I certainly do not "hate people saving their money", quite the opposite:  I wish people (and my compatriots especially) would consume less and invest more.  But I would like to see them choose productive investments; and hoarding currency (or gold) is not productive.

Hoarding currency is bad for the individual, because all currency will lose value eventually. (As you well know, I am sure that will happen to bitcoin, too, even if there may be another bubble or two.)  Hoarding currency is also bad for society because it harms the currency, by destabilizing its value.

Quote
add inflation so that people don't hoard it (even though Bitcoin currently has a 12% inflation rate and yet people still hold long term).

As any bitcoiner will tell you, that 12% inflation does not discourage hoarders because they know it is temporary.  Besides, even in the short and medium term it is (hopefully) offset by the increase in demand. (That is what happened until 2013, in fits and starts; but may not be the case anymore.)

Let me reming people that this discussion started when someone asked for my idea of a good cryptocurrency.  Well, among other things, a good cryptocurrency should be designed so that no one will be tempted to hoard it.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 406
Merit: 251

Well, a couple of those "because we don't want to waste money on expensive cars".



Keep 'em in a brain wallet, not in a will. Then you are the man in the house!
If it's ok with her  Wink
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC


My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!



I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

I'm married. My measure of success is in fiat. Lots of it.


Like this?

Well, a couple of those "because we don't want to waste money on expensive cars".





Fork this, Gavin!

Shit, you must be hodling moar coinz than me!  Undecided

Doubt it, but Adam said 32k.
sr. member
Activity: 406
Merit: 251


My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!



I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

I'm married. My measure of success is in fiat. Lots of it.


Like this?
sr. member
Activity: 406
Merit: 251
Fork this, Gavin!

Shit, you must be hodling moar coinz than me!  Undecided
legendary
Activity: 1260
Merit: 1116
He be chillin. Waiting to short from $3500.



Ah, a man of leisure. A day on the water is a day well spent. Bulls of 2014 can do it too.



~ Signal crackles with analog distortion. ~

Today, intrepid young capitalists discuss the merits of depreciating assets, boats and bitcoin... Here's Tom with the weather...

Back in your day we still had water Embarrassed
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC


My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!



I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

I'm married. My measure of success is in fiat. Lots of it.
legendary
Activity: 1456
Merit: 1000
A cryptocurrency with demurrage tax would fall directly on holders, and therefore hopefully discourage hoarding.  encourage dumping.
there i fix that for you

There will not be any dumping if there was no hoarding in the first place.

(And, as I wrote, that is one of the problems that bitcoin has: so much of bitcoin's mass is hoarded, that the price could crash in a blink if even only 10% of the hoards were to be dumped.)

(as your scenario)

miner will get the coin and dump it, as long as there are buyer exist there is.

edit : unless you want to put one centralized entity which back up the system by  buying all coin at certain price and selling at certain price (hello paypall v2.0 Huh).  
sr. member
Activity: 392
Merit: 250
He be chillin. Waiting to short from $3500.



Ah, a man of leisure. A day on the water is a day well spent. Bulls of 2014 can do it too.



~ Signal crackles with analog distortion. ~

Today, intrepid young capitalists discuss the merits of depreciating assets, boats and bitcoin... Here's Tom with the weather...
legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread


My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!



I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).
legendary
Activity: 1260
Merit: 1116
I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

- puny pansie boat -

I'm buying this one Wink
-money boat-

Fork this, Gavin!

Thank you, Gentlemen.
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