Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20591. (Read 26607337 times)

Yeah, I'm not talking religion, but cultures that value hard, productive work and those that don't. Greece is not a Protestant country and certainly has no protestant work ethic.  Northern European countries have better economies than Southern European economies. Their populations, to the degree they are religious at all, are majority protestant, Just like the good ol' U.S. of A. 

Protestantism rejected the authoritarianism of Catholicism and embraced a more individual approach to religion.  This bled over into the cultures and the economies prospered as a result. Socialism threatens to reverse all those gains both here and there.

You're entirely to moderate and realistically rational for this venue, I'm afraid.

don't be so superficial and uneducated.

stalinism does not mean socialism, but - stalinism. there are many forms of socialism, yes. think of those various types of it as implementations of communist ideas in a certain area/state. in the authoritarian east you get stalin, yes, but he does not equal socialism.  

also, there is no such thing in the world as a "catholic country", except for vatican city state. also, majority in greece is orthodox.

about christian ethics read niche.

"Free"

http://www.bloomberg.com/news/articles/2015-10-21/hsbc-these-are-the-economies-that-could-run-into-trouble

 

Perhaps you mean DEMOCRATIC socialism, like the People's DEMOCRATIC Reublic of Korea, Like the People's Republic of China, the Democratic Republic of the Congo, the Lao People's Democratic Republic, and don't forget former East Germany—the German Democratic Republic.

Not THAT kind of democracy. Ok let's be SUPER FAIR and use a European country, the Birthplace of democracy: Greece. The people Elected a PM and a Ruling party specifically to end Austerity. What happened? Austerity. This in spite of a national referendum specifically to reject austerity.  Yeah, democracy!

Democratic Socialism isn't just evil. It doesn't even work. 

You may say it's a perversion of democracy, but what good is a democracy so easily perverted? 

Coin

Explanation

The demonization of the left on Fox News is countered by the demonization of the right and free market in general on CBS, ABC, NBC, MSNBC, CNN and basically Hollywood, New York, and Washington D.C.  


Sweden isn't even in the Monetary Union. They have their own currency.  Why not use Greece, Italy, Portugal, Ireland or Spain?   Perhaps because Catholic countries lack the protestant work ethic that both Sweden and The U.S. have? (ok, had. Both countries are going to shit at a rapid pace, just not as fast as the PIIGS.)


If I was cherry picking I would pick my own country, Norway, but I don't think it is representative. Not so much because of the fact that it's far more homogeneous, but because its economy is fueled by copious amounts of oil and gas. Sweden is among the most liberal on immigration in Europe and as a result 26.5% of its population are immigrants. The homogeneity of a country is only an issue where racism is such that people don't want to take part in a system where people of another ethnicity might benefit.


Stalinist means socialism.: ok, how about East Germany, Yugoslavia, Cuba, Poland, Russia (Union of Soviet Socialist Republics, Syria, Iraq under Saddam Hussein, Venezuela...



Both systems have free riders.  Socialist countries provide healthcare, etc for everyone, regardless of their productivity.  Capitalism has businesses that externalize costs, etc.  There is no real solution to leeches short of exterminating them like the National Socialists did.

Did.
Will remind you.

Coin

Explanation

If the tapeworm provides free health care then Bob's your uncle.

3 times in 20 years.

Mark my words:   YOU are too newbie to be trusted.     

We're gonna go up $300+ in 3 days. Mark my words.

Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.


1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2)  EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/


3)  Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/

....Europe is a continent.

The EU is a supranantional political and economic union where each country remains sovereign states but in most respects function as a singular economy together. Sweden is a sovereign nation state which also happens to be part of the EU. I don't know how much clearer I can get. If it helps, my interpretation of "the largest economy in the world" is in line with that of The IMF, The World Bank and The CIA World Fact Book (link). The UN still ranks you 1st though.

If I was cherry picking I would pick my own country, Norway, but I don't think it is representative. Not so much because of the fact that it's far more homogeneous, but because its economy is fueled by copious amounts of oil and gas. Sweden is among the most liberal on immigration in Europe and as a result 26.5% of its population are immigrants. The homogeneity of a country is only an issue where racism is such that people don't want to take part in a system where people of another ethnicity might benefit.


Of course, if you think hereditary stalinist totalitarianism is representative for all socialist thought then I guess you don't have to spend any more energy thinking about this stuff.

Congratulations! Argument Won!



Did I mention intellectual laziness?


Would it help if I used p2p terminology and refer to it as a "leecher problem"?

I don't know and without a website or even a listing on Alibaba, I don't even know how to find out. Assuming they are full miners, they'd likely go for ~$1,000 a piece on Amazon for resale.  At ~$200 each, that would mean that you could build the miners from the chips and still make a nice profit. 

The problem is always the same with buying mining rigs: if the bitcoin price is high enough, they have the incentive to delay shipment and mine with them themselves. If the price drops, then you can't mine for a profit when they do ship. 

It is funny when the price is moving really rapidly, it is easy to get caught up in the commotion, even when having a plan to execute and accidentally designate the wrong action for example to buy when you want to sell or to sell when you want to buy...


or is it just me?   

Just to make sure we have our metaphors straight, who/what is the tapeworm-infested guy and who/what is the 3lb tapeworm?
edit: And just how did the guy get worms? Too ignorant not to eat animal poop/don't know enough to wash hands? Also how did the tapeworm get to be 3lb? This is all so interesting!

There is no way to predict what would happen for certain, because we aren't central planners.  What is certain is that immanent domain would not be used.  Perhaps the landowners could get together and sell or lease their land to a toll road operator. 

Public goods are either provided by private donors or by assurance contracts. If no road was possible because of hold-outs, then another solution would need to be found. I often contemplate the sorry state of general aviation in America is due to subsidized roads that make individual air travel relatively cost prohibitive. Yesterday was Back to the Future Day. We should have flying cars by now. I blame the Patent office, the FAA and the Eisenhower Interstate Highway system.