Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22036. (Read 26607984 times)

Surely you don't mean those big volume spikes that move the price exactly nowhere?

A little off-topic I suppose () but does anyone grok why Huobi always seems to have more dirty laundry than OKCoin?

Thanks. 

^^ haha....what?

KFR you know what a tool is, and you have a lovely debating style!

But do you know what a troll is?

Right.  And, not for the first time I'm reminding you that straw man arguments such as "those who claim that bitcoin will be the solution to poverty, corruption, fraud, bank abuse, oppression, censorship, etc., etc.. " are bullshit and I'm calling you on it.  Again.  I know hundreds of people within this community both on the technical and financial side and I can't think of a single one of them that sees it in the way as you're trying to paint it here.  Not one.  

It's a tool.  Like I said in my previous post, you're deliberately, disingenuously conflating tool and solution.  I know you're smarter than that hence my facetious tone.

Some tools, like crossbows for example, are known to have levelled the playing field somewhat between the previously empowered and the disenfranchised.  No longer did you need to be a trained full time professional belonging to a paid standing army to be useful on the battlefield.

Some tools, like surveillance databases, armoured cars and the like are known to have been of more use to those with privilege and power than those without.  Did we throw out computers because IBM helped the nazis track dissidents and minorities with their punched card technology?

Some tools, like hammers, are just tools and, as you've astutely pointed out, can be used to almost equal effect by anyone wielding them.  They are used to build both labour camps and hospitals.

The Internet is a tool that can be used by anyone for almost any purpose but, generally speaking, a society with ubiquitous access to a free and open Internet is a greater threat to the .1% than to the rest of us.

There's a possibility that Bitcoin is like a hammer.  Just a tool that anyone can use for better or for worse.  That's certainly how it looks right now.  But I suspect Bitcoin is more like the Internet.  Anyone can indeed use it but, generally, the level playing field its widespread adoption presents would be something very threatening indeed.  

As you've also said, they'll try to ban it, control it etc.  We're watching that.  It's fun.

You're certainly old enough to remember the painful death throes of the old guard music industry and how it flapped about and sued the hell out of anyone that moved in an effort to forestall the inevitable change that the Internet was bringing to their business models.

Well that ended in a complete overhaul of the industry in spite of their best, and most cunning efforts.  

But we know, for whatever reason, that you've closed your mind to anything positive about Bitcoin and are determined to repeat ad nauseam negative arguments regardless of whether anyone's shot them down or not so if it were just the two of us here, I'd certainly save my breath.

The key here really is that Bitcoin is a disruptive technology and if anything needed disrupting, it's the current global financial industry and the frankly horrific level of global inequality that it supports.  

If you'll forgive me, and I'm sure you will, I'm going to put you back on ignore now.  It's not like you ever say anything you haven't said before in one way or another.  

Coin
Explanation

11 minutes between trades on finex gentlemen.

Then you are not one of those who claim that bitcoin will be the solution to poverty, corruption, fraud, bank abuse, oppression, censorship, etc., etc..

Right?

Well done Professor.  You now understand what a tool is and the difference between that and a solution.

I understand what a tool is too.  That's why you're usually still on ignore.

Ask that to all activists that were jailed, tortured, killed after being identified by cameras...

(Isn't it illegal just to film the police in action, in some places of the US?)

Technology indeed can only provide tools, not solutions.  Tools to make things easier, not to make things right.  Tools that can always be used by the good guys and by the bad guys.

Coin
Explanation

Gosh, people are still giving this dinosaur attention?

Solution != Tool.  Typical slippery Trolfi.

Ask anyone that has used a passer-by's phone camera footage to achieve justice how they feel about technology.  What's naive is 20th century mindsets thinking that the status quo is permanent.  What happened to EMI again?

It's not naive at all. It's naive to think that technology's only purpose is watching cat videos and video phones. It's typical of someone that is over-the-hill to assume all new technology is somehow bad or useless. This is just like the file sharing talks from 10 years ago all over again. All the old folks sit behind desks say "we will stop it" when they don't understand how powerful P2P is. You can ban it, but you can not stop it.

My crystal ball says we'll be going up soon. I even saw the number 3 followed by two zeros.

Coin
Explanation

It is naive to expect a technological solution to a social/political/economic problem.  The bad guys -- "powers that be", criminals, corrupt politicians and officers, cartels, etc. -- will either ban it, neutralize it, or twist it to serve their purposes. (You can see it happening with bitcoin already.) Such problems can be addressed only by substantial, sustained, and clear-thinking political effort.

I think there's a fair amount of reluctance for average investors to send international wires to bitcoin exchanges. I think the redemption terms really killed the traditional BIT as a vehicle (also the center of their stealth listing of GBTC option).

Not to say that I think GBTC will unleash a tidal flow of investment, but it is a channel that hasn't existed before. Buying paper bitcoin exposure with a Scottrade acct.

Hm, sorry about that.  I will consider replacing my avatar by something less scary or disgusting...