Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19825. (Read 26609792 times)

legendary
Activity: 1106
Merit: 1007
Hide your women


You say that like it's a bad thing. I do think anarcho-capitalism is poorly named. Distributed governance would be a better descriptor.  Libertarianism is anarchy for smart people.

No. Today's Libertarianism is a tool, used by rich people to trick the dumb poor (whose greatest dream is to be rich) into thinking that what's good for the rich is good for them.

We have a different understanding of economics. What's good for the rich is centralized government that can be bought much easier than providing value in the marketplace. The State is just an engine for concentrating benefits and distributing costs. 

Common people think concentrated power is great, if only the right people are in charge. The problem is that the system is designed so that the right people never get in charge.  You can't wear the One Ring for any length of time and keep your soul. You have to throw that bitch into the fires of Mount Doom.
full member
Activity: 188
Merit: 100
TERA makes piles of money trading ponzi schemes

How long does one have to be preoccupied with trading on a daily basis to earn, let's say, twenty grand a year? What would the required initial capital be?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Well no. Bitcoin, like Communism and Christianity and a whole bunch of other shit, had interesting potential. Potential that got corrupted and perverted at first exposure to reality.

Look at the most visible uses of Bitcoin, judging by this forum:

Scamming people.
Gambling ponzis gambling ponzis gambling.
Harebrained schemes that turn out to be scams/ponzis.
Edit: Banning people with unpopular opinions.

You still want that balloon animal?

Something else that can be corrupted and perverted is a little thing called freedom.

Some people just can't deal with that.

So then comes the whining.
legendary
Activity: 1106
Merit: 1007
Hide your women


You say that like it's a bad thing. I do think anarcho-capitalism is poorly named. Distributed governance would be a better descriptor.  Libertarianism is anarchy for smart people.
legendary
Activity: 1106
Merit: 1007
Hide your women
Are we still going up or should I short now?
What do the pros think?

I'm not a pro and this advice is worth what you pay for it, but technicals look really good and fundamentals look really bad. TERA makes piles of money trading ponzi schemes and I believe she is still bullish, so if you're looking to trade, buy. If you're looking to invest, hold off until the scaling problem is solved.
legendary
Activity: 2002
Merit: 1040
Chicken entrails and tea leaves say UP
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Who suggested that obeying bad laws is the right thing to do?
If you don't agree with laws, break them.
I'm explaining the game mechanics, Wild One, not telling you that the game is good.

I follow all of my country's laws. Doing otherwise runs the risk of people in uniforms kidnapping me and putting me in a cage while everyone looks on with moral satisfaction.

OK, so you're morally weak, and unwilling to take risks to fight injustice.
What's your point? Want I should make you a balloon animal?

There are ways of avoiding morally offensive laws without breaking the law.

Bitcoin happens to be part of one such solution.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 966
Merit: 1000
Are we still going up or should I short now?
What do the pros think?

Stop trading, you are going to lose your money. You obviously don't know what you are doing.
hero member
Activity: 1344
Merit: 565
Are we still going up or should I short now?
What do the pros think?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Who suggested that obeying bad laws is the right thing to do?
If you don't agree with laws, break them.
I'm explaining the game mechanics, Wild One, not telling you that the game is good.

I follow all of my country's laws. Doing otherwise runs the risk of people in uniforms kidnapping me and putting me in a cage while everyone looks on with moral satisfaction.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
^Typical. You don't want *anything at all* to interfere with your intrinsically inconsistent constructs ideology. Faced with shit you can't refute with logic, your knee-jerk coping mechanism is "Baww, mom and dad just don't understand my blockchain technology! It's like they don't even care how I feel Cry "

And then you wonder people call you cultists.


If you're having an off day, then have a day off.

Don't expect me to entertain you.

Edit: Elwar's here, you can bug him.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
... You don't have to buy drugs or finance terrorism with your coins. If you buy coins from a regulated exchange and sell them at a regulated exchange, and don't screw up in between, you're good. ...

Like saying "you don't have to counterfeit these hundred-dollar bills I drew with a box of crayons."
The point is, if [bad] people can transact outside of (vetted) exchanges, they will.
If there's no need to transact outside of (vetted) exchanges, there's no reason to burn so much electricity in Chinese chicken coops to keep a ridiculous POW scheme running.  

So what?

IBM and JP Morgan won't be held accountable for what other bad people do with Bitcoin, just like they won't be held accountable for when LMGTFY is snorting flour he bought with USD from a mirror.

But they will be held accountable for every little thing that happens on that closed ledger.

No, IBM and JP Morgan won't be held accountable for what other bad people do with Bitcoin.
No, IBM and JP Morgan won't be held accountable for LGBT snorting bunk blow bought with USD.
The also won't be held accountable for every little thing that happens on their closed ledger, just like banks aren't held accountable for LGBT buying shit blow with USD.

What they *would* be held accountable for is the same shit IRL banks are held accountable for. KYC/AML, and all the rest.
Get it?

I get it. But I don't think you do.

^Typical. You don't want *anything at all* to interfere with your intrinsically inconsistent constructs ideology. Faced with shit you can't refute with logic, your knee-jerk coping mechanism is "Baww, mom and dad just don't understand my blockchain technology! It's like they don't even care how I feel Cry "

And then you wonder people call you cultists.


The jews in Germany during WWII were right to follow their country's rules. Anyone who did not obey and tried to flee the country or use their money for illegal activities such as paying to be smuggled out of the country were bad people. And anyone involved in these crimes should be held accountable.
hero member
Activity: 798
Merit: 531
Crypto is King.
Last time we had sidewayz like this, shortz got rekt all teh way to $475 Wink
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
... You don't have to buy drugs or finance terrorism with your coins. If you buy coins from a regulated exchange and sell them at a regulated exchange, and don't screw up in between, you're good. ...

Like saying "you don't have to counterfeit these hundred-dollar bills I drew with a box of crayons."
The point is, if [bad] people can transact outside of (vetted) exchanges, they will.
If there's no need to transact outside of (vetted) exchanges, there's no reason to burn so much electricity in Chinese chicken coops to keep a ridiculous POW scheme running.  

So what?

IBM and JP Morgan won't be held accountable for what other bad people do with Bitcoin, just like they won't be held accountable for when LMGTFY is snorting flour he bought with USD from a mirror.

But they will be held accountable for every little thing that happens on that closed ledger.

No, IBM and JP Morgan won't be held accountable for what other bad people do with Bitcoin.
No, IBM and JP Morgan won't be held accountable for LGBT snorting bunk blow bought with USD.
The also won't be held accountable for every little thing that happens on their closed ledger, just like banks aren't held accountable for LGBT buying shit blow with USD.

What they *would* be held accountable for is the same shit IRL banks are held accountable for. KYC/AML, and all the rest.
Get it?

I get it. But I don't think you do.
full member
Activity: 188
Merit: 100
It seems like it wants to tumble again.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Lambie is actually on the ball here. Bitcoin's best use case is illicit transactions. It's a tool to reduce the power states have over their subjects. The overhead involved only makes sense if  you can't rely on a central power to keep people in line.

IOW, if you're fine with how the political process works in your jurisdiction, and see no need to curtail the economic powers of the state, I don't see what good Bitcoin is to you apart from speculating on the price. I doubt it's actually more efficient than VISA all things considered, for example.

It's good for all the things IBM, Intel, etc are trying to do with their closed ledger (especially if they add ethereum to the mix).

Besides, trades don't have to be illicit in order to reduce the power of the states.

... You don't have to buy drugs or finance terrorism with your coins. If you buy coins from a regulated exchange and sell them at a regulated exchange, and don't screw up in between, you're good. ...

Like saying "you don't have to counterfeit these hundred-dollar bills I drew with a box of crayons."
The point is, if [bad] people can transact outside of (vetted) exchanges, they will.
If there's no need to transact outside of (vetted) exchanges, there's no reason to burn so much electricity in Chinese chicken coops to keep a ridiculous POW scheme running.  

So what?

IBM and JP Morgan won't be held accountable for what other bad people do with Bitcoin, just like they won't be held accountable for when LMGTFY is snorting flour he bought with USD from a mirror.

But they will be held accountable for every little thing that happens on that closed ledger.
hero member
Activity: 644
Merit: 503
Lambie is actually on the ball here. Bitcoin's best use case is illicit transactions. It's a tool to reduce the power states have over their subjects. The overhead involved only makes sense if  you can't rely on a central power to keep people in line.

IOW, if you're fine with how the political process works in your jurisdiction, and see no need to curtail the economic powers of the state, I don't see what good Bitcoin is to you apart from speculating on the price. I doubt it's actually more efficient than VISA all things considered, for example.

(Disclaimer: not read Yrpaper's contributions, so apologies if this has been covered)

I agree up to a point - evading capital controls, sure (step forward, China). When it comes to Lambie and illegal transactions, the wee soul has an obsession with drugs and kiddie porn. At least with drugs, cash is king in my city - people wouldn't risk drugs being posted to them and tend to scorn Silk Road and similar. And they'd point out you can't roll up 20 BTC to hoover a mirror, waiting for a BTC transaction is frustrating in a crowded, dark nightclub, etc.

Maybe kiddie porn is different, I dunno. The folk who get caught seem to get caught through their use of the Internet, so maybe. The British paedophile Jimmy Saville apparently never owned a computer because he thought people might see through his mask, but he's possibly the exception.
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