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Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 337. (Read 907227 times)

full member
Activity: 155
Merit: 100


So, do we need a new forum?  Yes, if this one can't be fixed.  Does it need to be exclusive?  No.

If it is not exclusive the problem would be moderation. We do not have the budget to pay 10 people to moderate. Maybe in the future we will be more open, but right now that is not the case. Give us a month and we will see what will happen.


i dont get it, maybe you can keep the invites for those top contributors you get to identify, but why not leave that forum open for visitors? they wouldnt be able to post anything just get a grasp of what the "masterminds" are up to. Smiley

This is the way it was set up. But people wanted to speak more freely and not be indexed by google. So we went with what the members of the site wanted to do.
I don't know how web forums or such are coded/made but would it be possible to send two different kinds of invitations to this new quality forum? Full posting and whatever rights to these guys who actually can post something worth reading and something like "visitor invitations" to other people so they can not post or do anything else but read? I would very much like to read what men smarter than me are posting and would be just fine without posting my self. That way no random people would be loitering in your forum because you need an invitation or something to just read?
full member
Activity: 236
Merit: 100


So, do we need a new forum?  Yes, if this one can't be fixed.  Does it need to be exclusive?  No.

If it is not exclusive the problem would be moderation. We do not have the budget to pay 10 people to moderate. Maybe in the future we will be more open, but right now that is not the case. Give us a month and we will see what will happen.

I don't think it needs to be moderated.  Nobody moderates my Google+ feed.  I just follow the people whose content I want to read.  

Of course I have to decide for myself whose content is worthy, rather than letting someone else decide.  But I can't see any other way.  If one moderator is deciding for everyone, it will inevitably end up that only a small fraction is satisfied with what gets through.
legendary
Activity: 1260
Merit: 1002


So, do we need a new forum?  Yes, if this one can't be fixed.  Does it need to be exclusive?  No.

If it is not exclusive the problem would be moderation. We do not have the budget to pay 10 people to moderate. Maybe in the future we will be more open, but right now that is not the case. Give us a month and we will see what will happen.


i dont get it, maybe you can keep the invites for those top contributors you get to identify, but why not leave that forum open for visitors? they wouldnt be able to post anything just get a grasp of what the "masterminds" are up to. Smiley
full member
Activity: 236
Merit: 100
I certainly understand the frustration - the quality of posts on this forum has gone down considerably since I first joined.

However I'd propose that the real problem isn't that we need an exclusive new forum.  It's that we need a better way to see the content we wish to see.

I'd argue that's really a problem with the forum software, not the userbase.  Sure we can block every troll and even honest users we disagree with, but that's an arduous manual process and would result in ugly content.

It would be nice if the forum software gave you more control.  Right now I've resorted to just browsing the latest posts of a handful people.  The "show unread posts since last visit" link is utterly useless, it's 99% spam.

So, do we need a new forum?  Yes, if this one can't be fixed.  Does it need to be exclusive?  No.
legendary
Activity: 1148
Merit: 1001

Major announcement: There is a new private bitcoin forum online. If you belong to the top contributors here, please PM and I will send you an invitation. Finally a place to take the discussion to a new level!  Smiley

No vacancies currently, thank you Smiley


Sure, the "top contributors" are allowed to have an exclusive forum if they want one.

However, my only complaint is that "even the dogs eat the crumbs from the master's table." 

How are we to get any crumbs when we are not even allowed near the table at all?   I suppose we are then at the mercy of whatever crumbs happen to be thrown out the door?  I like to at least smell what the dinner was with hopes to gain a crumb or two.  Wink 




member
Activity: 89
Merit: 10
I wonder why Fox steady going down for the last few days.

Difference between other exchanges reduces, which is a healthy signal for Gox, isn't it?
newbie
Activity: 12
Merit: 0
There is nothing secretive about such a group. Please stop the speculation. There's access for everyone - as long as you continuously add value and quality.

There is no magic BTC cap, there is no requirement of last name or ownership of large properties. All it requires is that you behave like an intelligent adult that wants to do something good in this world, and see Bitcoin as a mean for that.

It's not hidden, by all means. Do at least a bit of homework, before attacking.

These sorts of posts are contributing to why people want to have some breathing space, as to let the minds ponder, away from non-constructive noise.

That would require a level of naivety that I haven't possessed since I was a teenager.

Not much 'good' will come from Bitcoin.

Just another heavily cornered financial asset masquerading as some kind of digital currency of liberty.

Some people at least try. You come off as too cynical and pessimistic. I feel sorry for you, and I am probably not he only one on this board.

Here's a hint. If, just IF it was supposed to be a secretive elitist place - why would people try and spread it out? A finger is being put up in the air to feel sentiments. Those who are most interested will find their way.

If you see a group sitting on the grass, having a quiet piece of mind and discussion, do you automatically wonder why they are not jumping up and down and waiving flags to get the attention of the whole school yard, so they can to get them over and join their activity?

Apologies to OP for hijacking the thread. Feel free to delete it.  
hero member
Activity: 840
Merit: 1000
There is nothing secretive about such a group. Please stop the speculation. There's access for everyone - as long as you continuously add value and quality.

There is no magic BTC cap, there is no requirement of last name or ownership of large properties. All it requires is that you behave like an intelligent adult that wants to do something good in this world, and see Bitcoin as a mean for that.

It's not hidden, by all means. Do at least a bit of homework, before attacking.

These sorts of posts are contributing to why people want to have some breathing space, as to let the minds ponder, away from non-constructive noise.

That would require a level of naivety that I haven't possessed since I was a teenager.

Not much 'good' will come from Bitcoin.

Just another heavily cornered financial asset masquerading as some kind of digital currency of liberty.
newbie
Activity: 12
Merit: 0
There is nothing secretive about such a group. Please stop the speculation. There's access for everyone - as long as you continuously add value and quality.

There is no magic BTC cap, there is no requirement of last name or ownership of large properties. All it requires is that you behave like an intelligent adult that wants to do something good in this world, and see Bitcoin as a mean for that.

It's not hidden, by all means. Do at least a bit of homework, before attacking.

These sorts of posts are contributing to why people want to have some breathing space, as to let the minds ponder, away from non-constructive noise.
hero member
Activity: 840
Merit: 1000
I agree that there is no use for elitist or secretive masonic groups. Groups like that on only feed the vanity of it's members and actual work on something that needs to be done is not a priority. We need public and democratic groups that are defined by common goals in fixing known problems. If the group is defined just by it's members being rich, then it's nothing more then vanity.

Fuck me!

Of course. One of rpietil's criteria for entry will be members of this forum who have been around a good while, and who will therefore be loaded up on double digit Bitcoin.

Just imagine the tricks and mischief that a Brotherly Lodge of Bitcointalk (relatively) early adopters could wreack upon the Bitcoin market in the name of lining their own pockets promoting the best interests of the cryptocurrency, if they pooled their resources together under one common leadership figure. Of course, if I could be privvy to knowledge of their market actions before the deed, it would greatly benefit my own swing trading activities....

hmm..maybe I should quickly delete all my posts and start towing the line here. That way, if I am good, maybe I can get some breadcrumbs too!?  Wink

I dont know if any of you have noticed- but this is a T.A. thread and not a "bash  the new bitcoin elites" thread...

Go on boy, you can do it, go go go. 1st to get past that sphincter gets a free box of cuban cigars!

I have often thought just that when I have visited this thread and witnessed all manner of irrelevent bollocks about cigars and whatnot getting discussed. Infact, this whole thread consists of very little in the way of TA.
full member
Activity: 140
Merit: 100
banned but not broken

Personally I don't see any objections to setting up restricted fora, something each may decide for its own. Also 'rpietila's' initiative regards to 'Top Contributors', which includes people of differentiated status. But I can understand your initial annoyance, as it reflects elitism. That's how society works though, birds of a feather flock together. Even Bitcoin can't change that. Wink

Also can't blame them, as Bitcointalk is rather bloated with -let's moderately say- less intellectual posts.

It's just like the Bitcoin Freemasons. Whilst it is true that there are lots of idiotic posters on this forum I suspect that half of them already have their invites to Grandmaster Rpietila's Bitcoin Lodge. I suspect that the main criteria for entry into this 'exclusive' little club isn't a person's acumen or level of intelligence, but whether or not they fall into line with rpietila's own thinking and harmonise themselves with rpietila own whimsical outbursts.

But then this is all very much in keeping with Bitcoin as although it disguised itself as libertarian, it was always elitist from the start. Satoshi Nakamoto/NSA dev team get 12% of all Bitcoins of all Bitcoins currently in existence and price discovery of Bitcoin market ever since has been largely a game being played out between early adopter whales.

Bitcoin just takes the same old human greed and oneupmanship into a 21st century financial product/phenomena. It is only logical that elitist pseudo masonic groups start to emerge with a set of publicly stated noble virtues, yet whose operation in practice turns out to be more like a self-serving arse crawling race. This is how human's organise themselves, ambitious humans anyhow.

Question is, can rpetilia offer enough 'breadcrumbs' to make enough Bitcoiners believe that his arsehole is worth crawling up?


I agree that there is no use for elitist or secretive masonic groups. Groups like that on only feed the vanity of it's members and actual work on something that needs to be done is not a priority. We need public and democratic groups that are defined by common goals in fixing known problems. If the group is defined just by it's members being rich, then it's nothing more then vanity.
hero member
Activity: 840
Merit: 1000

Personally I don't see any objections to setting up restricted fora, something each may decide for its own. Also 'rpietila's' initiative regards to 'Top Contributors', which includes people of differentiated status. But I can understand your initial annoyance, as it reflects elitism. That's how society works though, birds of a feather flock together. Even Bitcoin can't change that. Wink

Also can't blame them, as Bitcointalk is rather bloated with -let's moderately say- less intellectual posts.

It's just like the Bitcoin Freemasons. Whilst it is true that there are lots of idiotic posters on this forum I suspect that half of them already have their invites to Grandmaster Rpietila's Bitcoin Lodge. I suspect that the main criteria for entry into this 'exclusive' little club isn't a person's acumen or level of intelligence, but whether or not they fall into line with rpietila's own thinking and harmonise themselves with rpietila own whimsical outbursts.

But then this is all very much in keeping with Bitcoin as although it disguised itself as libertarian, it was always elitist from the start. Satoshi Nakamoto/NSA dev team get 12% of all Bitcoins of all Bitcoins currently in existence and price discovery of Bitcoin market ever since has been largely a game being played out between early adopter whales.

Bitcoin just takes the same old human greed and oneupmanship into a 21st century financial product/phenomena. It is only logical that elitist pseudo masonic groups start to emerge with a set of publicly stated noble virtues, yet whose operation in practice turns out to be more like a self-serving arse crawling race. This is how human's organise themselves, ambitious humans anyhow.

Question is, can rpetilia offer enough 'breadcrumbs' to make enough Bitcoiners believe that his arsehole is worth crawling up?
full member
Activity: 140
Merit: 100
banned but not broken
I think that before creating a new "club" in the bitcoin community, you need to set solid goals on what will the club be doing.
At first I still would recommend on creating this public letter addressed to the bitcoin foundation and the dev team, with pointing out the flaws in the market system that need to be dealt with. If the current organizations choose to go down the same path, with ignoring the problems, then there will be solid base, that this new organization needs to be created to fix the problems that were brought to light. When a new group is created on presumption that now we just are the new elite of the community, then that will become another useless group of vain people who won't actually do anything that matters.

I still hope that someone that is known more in the community, will take on this task in creating the public letter. Or else I have to do it myself and my voice won't reach as many people.
newbie
Activity: 10
Merit: 0
This, for example, is an abominable flaunting of that intention in my opinion:



Major announcement: There is a new private bitcoin forum online. If you belong to the top contributors here, please PM and I will send you an invitation. Finally a place to take the discussion to a new level!  Smiley

No vacancies currently, thank you Smiley

Personally I don't see any objections to setting up restricted fora, something each may decide for its own. Also 'rpietila's' initiative regards to 'Top Contributors', which includes people of differentiated status. But I can understand your initial annoyance, as it reflects elitism. That's how society works though, birds of a feather flock together. Even Bitcoin can't change that. Wink

Also can't blame them, as Bitcointalk is rather bloated with -let's moderately say- less intellectual posts.
donator
Activity: 1722
Merit: 1036
3/Jackson believed that ONLY the government should be allowed to deal with money supply, not banks or any other entity: so what about bitcoins?

At the time that was the safest, fairest option.  Now there is an even better option for that power to be out of the hands of any elite group.

If Jackson ever said anything about "dealing with money supply", rest assured that it meant a completely different thing back then. The law gave them power to "coin money and regulate the value thereof", which means that they could lawfully fix the silver:gold ratio.

Major announcement: There is a new private bitcoin forum online. If you belong to the top contributors here, please PM and I will send you an invitation. Finally a place to take the discussion to a new level!  Smiley

No vacancies currently, thank you Smiley

What do you find annoying? That finally somebody (Goat) takes action with something as lowly as a forum? Or that I cannot let hordes of unknown people in? Do you know that we may instate entrance exams?

The good thing with the ass-reaming by Mt.Gox is that when it blows up, it will hopefully either wholly do away also with the Bitcoin Foundation and all the gang that is under gag orders there, OR liberate the said people and make the Bitcoin economy functional again.

Surely you may set up your own forum with any "top contributors" you are able to amass  Roll Eyes       We are discussing about how to organize so as to gain more freedom (by distribution of work, pooling of resources, presenting a united front where applicable) than what we lose (by going so low as to actually regard our fellow bitcoiners as our tribe and taking it upon ourselves to really coordinate with them, naturally only in minor aspects and based on purely individualistic decision by each and every participant in each and every time - did I mention voluntarily?)

ADD: If this strikes as interesting to you and want to participate, there are others who grant access. Just find one of them! Smiley
hero member
Activity: 784
Merit: 1001
Yes, it is definitely the time to have a network which actually cares about Bitcoin and its members' liberties.

The "bitcoin foundation" has shown its skin in the longish time it has existed. Other secret societies also have not benefited the public.

It is time for all this to change. Long Live Goat the Great!

Risto,  

Do you have any thoughts on the use of crypto-technology to build better alternatives to the Bitcoin Foundation and to the various bitcoin-fiat exchanges? I am thinking along the lines of a DAC (Distributed Autonomous Corporation) or DA (Decentralized Application), which are concepts I am just beginning to explore.

https://en.bitcoin.it/wiki/Distributed_Autonomous_Community_/_Decentralized_Application
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!


3/Jackson believed that ONLY the government should be allowed to deal with money supply, not banks or any other entity: so what about bitcoins?

i am not trolling, just trying to understand whats in stake at my little level.

At the time that was the safest, fairest option.  Now there is an even better option for that power to be out of the hands of any elite group.

Of course those elite groups will continue to try to form and seize power from the masses even when they claim to be doing so in the best interests of said little people.

This, for example, is an abominable flaunting of that intention in my opinion:



Major announcement: There is a new private bitcoin forum online. If you belong to the top contributors here, please PM and I will send you an invitation. Finally a place to take the discussion to a new level!  Smiley

No vacancies currently, thank you Smiley

newbie
Activity: 55
Merit: 0
Thanks ArticMine
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Where are those $400 coins?? I am getting really tired of waiting.

The final capitulation will come in (a) February-March, (b) later, or (c) not at all. I did not have very much hope for January ever, and I think basically we are right on track for the capitulation scenario pricewise and sentimentwise (bullishness abounds, which is good for contrarians). The bitcoin economy seems more resilient though, giving actual support for bullish dreams. China has exhausted the bad news, and USA seems happy with their latest advances regarding compliance.

You might still remember (in 2011-12) how price rose from $2 to $7, backed down to $5, and we had some months of stability and no doubt some were waiting for cheap coins. They never came. One always needs to be prepared for both possibilities.

Given that we are still above the trendline, and bitcoin's tendency to flashcrash, I would not start bailing in now unless you are clearly overextended with your short position. It is good to remember that if you take some of the fiat off-exchange, it will also reduce the systemic risk and add to your risk management even if you lose on the trade.

Rpietla, I have seen so many trend lines.  can you show which one you are referring too in your statement above? Thanks in advance
rpietila is referring to this graph https://bitcointalk.org/index.php?topic=322058.0;all. It is based upon weighted averages actual trade data from June 2010 onwards and an "assumption" that the BTC/USD rate was 0.005. from January 2009 to May 2010. The results are then fitted to a exponential (log scale) using a least squares regression analysis. I questioned the assumption in this post https://bitcointalksearch.org/topic/m.3464857 back in November 2, 2013, indicting that the impact of the very questionable 2009 and early 2010 data was to underestimate the trend line today. To put things into perspective if one says that the BTC /USD rate was 0.005 in January 2009, "the assumption" when in fact the correct market BTC /USD rate should have been 0.00005 or even less this is equivalent to replacing the November 2013 figure of 517 with 5.17 or less. This is because we are dealing with a log fit.
I do not wish to throw out the "baby" with the "bathwater" here. If one takes out the the early 2010 and 2009 "data", "the bathwater" and recalculates the trendline what is left would actually be excellent including I must say rpietila's overall analysis. The danger here is that by not throwing out "the bathwater" the trendline will significantly underestimate the likelihood of an upside breakout in price in the near future. For reference when I questioned the assumption back in early November 2013 the BTC /USD rate was in the 200 - 210 range on Bitstamp.
newbie
Activity: 55
Merit: 0
Where are those $400 coins?? I am getting really tired of waiting.

The final capitulation will come in (a) February-March, (b) later, or (c) not at all. I did not have very much hope for January ever, and I think basically we are right on track for the capitulation scenario pricewise and sentimentwise (bullishness abounds, which is good for contrarians). The bitcoin economy seems more resilient though, giving actual support for bullish dreams. China has exhausted the bad news, and USA seems happy with their latest advances regarding compliance.

You might still remember (in 2011-12) how price rose from $2 to $7, backed down to $5, and we had some months of stability and no doubt some were waiting for cheap coins. They never came. One always needs to be prepared for both possibilities.

Given that we are still above the trendline, and bitcoin's tendency to flashcrash, I would not start bailing in now unless you are clearly overextended with your short position. It is good to remember that if you take some of the fiat off-exchange, it will also reduce the systemic risk and add to your risk management even if you lose on the trade.

Rpietla, I have seen so many trend lines.  can you show which one you are referring too in your statement above? Thanks in advance
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