Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11842. (Read 26716225 times)

put this as well as our presence here in the context of MMT (modern monetary theory).
as debt does not exist, it is replaced by large taxation to avoid inflation escape at a large scale.
all the "small phenomenons" remaining all around have to be controlled.

To be fair, the deck is stacked pretty badly.

Even some pretty intelligent folks decide it's not really worth playing.

In conditions of true institutionalized inequality, revolution is pulling yourself up by your bootstraps.

He's also pretty shady:
https://www.ccn.com/renowned-israeli-crypto-entrepreneur-moshe-hogeg-accused-of-misusing-ico-funds/

FFS r0ach, I went to sleep, got up and you are still on it - the thread I mean, not that....other thing.

Haven't we reached your Schelling point for the day?

And to think you are convincing anyone. I bought a whole coin yesterday.

#

Morning WO's!

Don't you worry, we've been putting in work on the "solution":

I can't even figure out what you are getting at. Working on life will get you killed? I guess in some sense. In the long run, we're all dead.

Life is hard. Buck up, bucko - or get lapped by those willing to put in the work.

your point?

Stupid post.  There's probably legions of 120+ IQ people in Japan working two jobs 90 hours a week, making jack shit for money and barely getting by.  And this is one of the most egalitarian countries on earth.  Working hard, being smart, or being productive does not mean you will be rewarded for it.  

Shitcoins are a great example.  I consider all digital shitcoins a scam and only physical metals as money, but most people here believe Bitcoin is legit, just the other shitcoins like Ethereum are a scam.  Welp, hate to break it to you, but the pump and dump scam known as Ethereum created far more profit for people than just about anything else.  Other complete bullshit like "Tron" too.  Most people will agree that physical metals are a hell of a lot better investment than "Tron", but are metals holders being rewarded lately?  Nope.  But "Tron" holders are driving lambos.

The entire economic system is so broken that you need to make the wrong decisions on purpose to make money.  The whole thing needs to be burned to the ground.  Work hard to get an engineering degree in Canada?  You'll have something like a 20% chance of employment. Be an absolutely useless woman and create an instagram and patreon account?  Make $150k a year.  I have no idea exactly where this money comes from, but it's common.  At this point, dropping out of middle school and becoming a white rapper would probably be more productive than going to college.

https://dailystormer.name/this-thot-is-making-154000-a-month-on-patreon-and-basically-youre-a-fucking-enabler/

What if they used the time, then figured out the solutions and then realized every one of those solutions would get them killed so decided to just sit back and complain until someone else finds a better solution that doesn't get them killed?

QFT.

+1

What he said.

If you've ever noticed Twitter & Reddit are garbage but couldn't explain exactly why:

https://www.reddit.com/r/MGTOW/comments/aiejff/this_is_the_type_of_wimyn_gizmodo_hides/eeo86bh/

terse

indeed

I experience a churning of my stomach when I see non-sense like that.  It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion.

Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug.  Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin.  The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.

By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers.       

The kikes at the BIS are too stupid to know PoW is designed to self destruct without them having to try to force anyone off it.  The overhead per transaction is huge and it's only kept afloat because a high initial, fixed block reward subsidizes each transaction.  Once the subsidy becomes too anemic, people will just abandon that chain and use a different one that still has a block reward running to subsidize their transactions, or switch to an even more centralized, lower overhead system like PoS.

The fact PoW is designed to centralize, and thus has no fundamentals and high overhead, is not hard to lose vs equally shitty or worse systems with less overhead.  That's why it's best to just tell any digital shitcoin shill to fuck off and support physical metals instead.  It's difficult to create a dystopia with metals as money, while digital shitcoins are a dystopian govt tracking and control system by default straight out of the box, and they will only mold them further towards that task each passing day.

New Blockstream Joint Venture to Expand Bitcoin Applications in Japan.

https://www.prweb.com/releases/new_blockstream_joint_venture_to_expand_bitcoin_applications_in_japan/prweb16046970.htm

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch 

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

Crossposting this from Monero thread, I did not see it here.


https://www.whatbitcoindid.com/podcast/alex-gladstein-on-why-bitcoin-and-decentralised-technology-matters-for-freedom

I am not sure if I would call it "continues a downward trend," even though the price has so far gone downwards during those recent periods, and sure if we zoom out, we see the BTC price has gone down since about December 2017.... Will it continue to go down is the million dollar question that we should not presume to already have happened, when it has not happened, yet.

So, yeah, there was a bit of a problem, when BTC ranged in the flat for a considerable amount of time above $6k until mid November, and yeah the BTC price had visited $6k-ish - at least 4 times prior to breaking through (without breaking through), and then once the BTC price pierced blow that $6k level, then we came down to another so far plateau level.

I would not assume more down, even though the odds for down are greater than the odds for up, especially after we broke below $6k.  Furthermore, there is a lot of resistance to get back up.  I would NOT grasp at straws to make some kind of "seasonal" call because there is a lot more going on in bitcoin besides what supposedly happens at certain times of the year.    

What is currently happening in BTC is that bears, bear whales and manipulators are going to continue to attempt to suck out as much as they can and for as long as they can in order to get the BTC price to go down.  Even though the odds are slightly in their favor, they have not succeeded to push the price down below $3,140, so I am not going to assume that they are going to continue to be successful to push the price down further, even if the odds are slightly in their favor.

There's no such thing as "UBI".  It's a made up bullshit word identical to communism.  They just wish to call it something else because communism has too much of a negative stigma.  It's like me renaming Nazism to GRFJ - Get Rid of the Fucking Jews, and claiming it's something else.  The economic system didn't fail due to capitalism either, it failed because we already have communism.  A central bank is one of the main tenets of communism.

And of course "UBI" is communism.  One man's free shit is another man's indentured servitude.  The only way this doesn't apply is if everything is done by robots.  When's the last time you went to a robot dentist?  A robot plumber? A robot car mechanic?  Not even simple tasks like making a pizza are done by robots.  Probably never will be because the machine would cost as much as the store itself and still have to be staffed by people anyway.  

Anything involving robotic food preparation is going to be nothing more than a conveyor belt to automate some of the process, but not all.  All you'd really be doing in the end is making it so your minimum wage employee has to do less work while still paying him the same amount.  You'd still need him there regardless.  You're basically setting money on fire.  Then when your pizza machine breaks down every single day, you get to call in the $200 an hour robot specialist to work on it.