Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21455.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: ejinte on July 01, 2015, 04:05:53 PM

[weird flagball cartoon]

Norway is part of the EU market through the EEA. Until recently we paid a reduced EU membership fee, but the EU didn't see any point in giving rich outsiders discount entry so now we pay the same as the rest of the EU countries. We adopt EU legislation without ever having any influence on its creation. And even though we pay as much as the rest, our citizens are not EU-citizens and our businesses are not EU-businesses and as such not eligible to apply for EU funds for development projects and similar. It would be just as painful for us to leave the EU market as it would be for any EU member state. So if you want to do like Norway... strike oil.

Erdogan

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Quote from: tarmi on July 01, 2015, 03:56:50 PM

Quote from: Specular on July 01, 2015, 03:51:59 PM

Quote

Sigh.... Euro is a way more superior to bitcoin , how do you compare something that is backed by natural resources and production of a continent to something that is hashed out of thin air from discovery of numbers? .... you guys have wool so deep covering your eyes that you can't even functionally even logically rule out the reasons for why Greece has failed and use these non comparative scenarios to back your belief in bitcoins ...

If that was referencing my comments - I read it over and I realized it sounded like I was saying that BTC was poorly designed just like the Euro - that was not my intension and I have since edited my comment.

Specifically - I think Greece has failed because it is a fundamentally stupid idea for 19 very different economies to share 1 monetary policy. This is why the Euro will fail in the long run IMHO

Bitcoin on the other hand is a different animal entirely... though it is still an experiment that may well fail or get eclipsed by some other innovation.

europe is more than a monetary and economic union. get your facts straight.

...and, ^^, in a hypothetical world where people in two countries use bitcoin, they will have to share the monetary policy, they will have to print the same amount of bitcoins each week: 0

tarmi

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ever been in norway?

very white, not too kind toward minorities and they love german shepherds.

ejinte

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ejinte

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Quote from: LFC_Bitcoin on July 01, 2015, 03:17:58 PM

Just to discuss Greece - why the hell would any other country in the eurozone want Greece to stay & grant them another bail out etc?

It seems very, very counterproductive, it's like giving another mortgage to a guy who can't pay the mortgage on his current property, the answer is known before you even ask the question - he is going to default again & again & again.

Greece are a disaster, what use are they to the other countries in the eurozone?
They can't pay back what they owe now, why give them even more?
It's not like the Greek economy is going to boom or somebody finds oil on Greek soil Grin

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

tarmi

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Quote from: Specular on July 01, 2015, 03:51:59 PM

Quote

Sigh.... Euro is a way more superior to bitcoin , how do you compare something that is backed by natural resources and production of a continent to something that is hashed out of thin air from discovery of numbers? .... you guys have wool so deep covering your eyes that you can't even functionally even logically rule out the reasons for why Greece has failed and use these non comparative scenarios to back your belief in bitcoins ...

If that was referencing my comments - I read it over and I realized it sounded like I was saying that BTC was poorly designed just like the Euro - that was not my intension and I have since edited my comment.

Specifically - I think Greece has failed because it is a fundamentally stupid idea for 19 very different economies to share 1 monetary policy. This is why the Euro will fail in the long run IMHO

Bitcoin on the other hand is a different animal entirely... though it is still an experiment that may well fail or get eclipsed by some other innovation.

europe is more than a monetary and economic union. get your facts straight.

Specular

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dApps Development Automation Platform

Specular

full member

Activity: 180

Merit: 102

dApps Development Automation Platform

Quote

Sigh.... Euro is a way more superior to bitcoin , how do you compare something that is backed by natural resources and production of a continent to something that is hashed out of thin air from discovery of numbers? .... you guys have wool so deep covering your eyes that you can't even functionally even logically rule out the reasons for why Greece has failed and use these non comparative scenarios to back your belief in bitcoins ...

If that was referencing my comments - I read it over and I realized it sounded like I was saying that BTC was poorly designed just like the Euro - that was not my intension and I have since edited my comment.

Specifically - I think Greece has failed because it is a fundamentally stupid idea for 19 very different economies to share 1 monetary policy. This is why the Euro will fail in the long run IMHO

Bitcoin on the other hand is a different animal entirely... though it is still an experiment that may well fail or get eclipsed by some other innovation.

Fakhoury

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Permabull Bitcoin Investor

Quote from: LFC_Bitcoin on July 01, 2015, 03:35:02 PM

I doubt, I like small sold movements on pumps and dumps, small movements are more healthy.

Greendragon

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LFC_Bitcoin

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#1 VIP Crypto Casino

Specular

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Speaking of Bitcoin - lets see if we can hold on to 260 this time..

The correlation with the Litecoin pump is intriguing (somewhat concerning... unless they take it to 8-10+).

macsga

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Strange, yet attractive.

Quote from: Specular on July 01, 2015, 03:25:39 PM

Quote from: LFC_Bitcoin on July 01, 2015, 03:17:58 PM

Just to discuss Greece - why the hell would any other country in the eurozone want Greece to stay & grant them another bail out etc?

It seems very, very counter productive, it's like giving another mortgage to a guy who can't pay the mortgage on his current property, the answer is known before you even ask the question - he is going to default again & again & again.

Greece are a disaster, what use are they to the other countries in the eurozone?
They can't pay back what they owe now, why give them even more?

IMHO - The reason they want to keep Greece in the EZ is because it could damage the currency project in subtle, but powerful ways. It proves that membership can be reversible in times of crisis (hedge funds will press hard on the next country in trouble), it clearly shows the juxtaposition of national sovereignty & currency union and if Greece leaves and does well - more fuel for the Left wing in Spain, Italy, Portugal and the far-right in France.

Overall - it is a scary unpredictable thing.

The Euro, much like our beloved Bitcoin, is a monetary experiment that was poorly designed from the outset. It was supposed to create unity & growth, and it has done the exact opposite. An exit could be the first step in dismanteling the whole house of cards, and as the 2nd (3rd?) biggest reserve currency in the world, a collapse in the Euro would have ripple effects that no one can predict (hence the comparison to the Lehman's moment).

I think about BTC and Greece far too much lol.

Crossposting from my own post from another forum :

This table will give you an idea of why the banks are closed and what the true manipulation of the masses looks like in Greece right now... Those are the tv channels (major ones) in Greece. They have spent time covering both protests (No) and (Yes) on the Left and Right box under their mark. Please observe that ONLY the ERT (public television which was shut down by the previous government) spent equal time to both.

SKAI: 0" for NO protest - 7:15" for YES protest
MEGA: 40" for NO protest - 8:10" for YES protest
ANT1: 1:30" for NO protest - 14:30" for YES protest
ALPHA: 1:12" for NO protest - 7:18" for YES protest
ERT1: 4:50" for NO protest - 4:39" for YES protest
STAR: 1:01" for NO protest - 5:41" for YES protest

Apart from this we have every 1hr commercial that goes like this:

Do you want to stay in the Euro?
VOTE YES!

You don't need to be a rocket scientist to get it... Someone's on a payroll.

mb300sd

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Drunk Posts

End of the bear run!

eerygarden

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Quote from: LFC_Bitcoin on July 01, 2015, 03:17:58 PM

Just to discuss Greece - why the hell would any other country in the eurozone want Greece to stay & grant them another bail out etc?

It seems very, very counterproductive, it's like giving another mortgage to a guy who can't pay the mortgage on his current property, the answer is known before you even ask the question - he is going to default again & again & again.

Perhaps the lender is eyeing up taking the mortgagees property.

Quote

They can't pay back what they owe now, why give them even more?

Can any country pay back what they owe now?

Specular

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dApps Development Automation Platform

Quote from: LFC_Bitcoin on July 01, 2015, 03:17:58 PM

Just to discuss Greece - why the hell would any other country in the eurozone want Greece to stay & grant them another bail out etc?

It seems very, very counter productive, it's like giving another mortgage to a guy who can't pay the mortgage on his current property, the answer is known before you even ask the question - he is going to default again & again & again.

Greece are a disaster, what use are they to the other countries in the eurozone?
They can't pay back what they owe now, why give them even more?

IMHO - The reason they want to keep Greece in the EZ is because it could damage the currency project in subtle, but powerful ways. It proves that membership can be reversible in times of crisis (hedge funds will press hard on the next country in trouble), it clearly shows the juxtaposition of national sovereignty & currency union and if Greece leaves and does well - more fuel for the Left wing in Spain, Italy, Portugal and the far-right in France.

Overall - it is a scary unpredictable thing.

The Euro, much like our beloved Bitcoin, is a monetary experiment, but unlike BTC (hopefully) it was poorly designed from the outset. It was supposed to create unity & growth, and it has done the exact opposite. An exit could be the first step in dismanteling the whole house of cards, and as the 2nd (3rd?) biggest reserve currency in the world, a collapse in the Euro would have ripple effects that no one can predict (hence the comparison to the Lehman's moment).

I think about BTC and Greece far too much lol.

EDIT - changed the wording because it previously made it seem like I was suggesting that BTC was poorly designed.

ssmc2

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Lol that gif never fails to makes me laugh.

Tuck Fheman

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mb300sd

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Quote from: ?? on ??

I was at a summer camp with 100 5-10 year old children preparing to show a movie from my computer DVD player on the big screen. While we were waiting to get started I decided to check ChartBuddy to see what the price is.

Up popped that image and all the kids started screaming, children running for the exits. The nuns were fainting left and right. Father Tiberius started an exorcism focused on my laptop immediately while pandemonium was taking place.

Reminds me of the time we airpwn'd the professor infront of a 300 person lecture... Absolutely hilarious for everyone.

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