Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22038. (Read 26608062 times)

I have experienced at least mild poverty for a good chunk of my life, and can't say govt was particularly helpful in that situation.

I appreciate the latter part of what you say, the US is indeed deeply fucked up in many ways, corrupt to the core in others. But the entire world has a dash of that these days.

Great thesis... but, can you deny, that "big money" would be put off by a lack of clarity regulation-wise? Sure "big money" could buy into anything at anytime, your assertion that they could have bought in, and chose not to, is kinda limp, as you have implied yourself, and I can attest to from personal experience, in actual fact, serious money IS put off by regulatory issues, more than ANYTHING else!! businesses and investors do not like uncertainty (unless they are in a privileged position to profit from it) and there is a definite correlation between lack of regulation, and lack of backing by "serious" or "institutional" investors. To claim that is not the case is plain daft imo (and again, I am not guessing here.. I am talking from experience)  

The thing is , and what  I disagree with you on Jorge, is you seem to have this picture that investors, who are in a position to make meaningful investments in BTC, only do so essentially  "to make money from the greater fools " and I put it to you, that actually, if all they wanted to do is earn a "few bucks" by scamming a few newbies, then in actual fact they have many MANY FAR less riskier ventures that they could be involved with that could earn them a decent, and far far less riskier  and easier return from far larger  and more understood markets,  than being involved with BTC.  So ergo, most investors that are involved in BTC are not just involved to make a few bucks in a "risky" as fuck and uncertain market.. sure you could argue that they saw an opportunity and leveraged funds to make a quick and "easy" profit , but if they have the money to enter the BTC market, then they have the money to enter all sorts of other ventures, with a fraction of the risk, and perfectly decent returns. Go figure.

I understand.  But you make it sound easy to uproot and move to a new home.  I believe that if you'd experienced true poverty and hardship personally then you'd have a broader perspective.

I feel that the US would be better served by establishing consensus, looking to its peers and indeed population for critical counsel rather than unquestioning loyalty.  Expecting people to move to a State they like based on its own volatile interpretation of the apparently holy and untouchable Constitution is somewhat unrealistic in my opinion.

I got a perfect on my math SAT exams , but did do poorly on the written part by comparison. I never could learn a foreign language either. Just not really wired for or care about guud talkin pencilworks. I'm not sure how lazy I can be. That's an interesting philosophical question.

     

My view is that the states should be able to set policies, giving an opportunity for a diversity of arrangements. The one sure thing is that managing all 50 states from washington DC is folly. Some states have their own low income safety net plans, which are largely covered by the taxpayers. There is also welfare and housing, child benefits.

If you don't like the state you are in? Moving is not incredibly difficult. Like a free market of at least some govt policies.

Bitcoin: that magnetospheric eternally collapsing object

http://en.wikipedia.org/wiki/Magnetospheric_eternally_collapsing_object

Well that's kinda the point isn't it.  If a substantial part of your population sees the sense in socialised healthcare and welfare support but both of their political leadership options consider such things anathema, then their opinions count for nought and all the outside world sees is the US' sense of nationalist exceptionalism getting in the way of plain economic and socio-political practicality.  This conflation of socialism with communism and the resultant phobias and misinformation have caused a complete misunderstanding of the fundamentals among the American population at large.

I don't think I'm alone in thinking that US politics has been destroyed by private interests, greed and outright corruption.  Get some of the billionaires out of media and party politics and it'd be a whole different story I'm sure.

To those of us outside the US that have harboured a longtime and deeply held affection for the nation, its people and its culture, it's looked pretty bleak for many years to be honest.  

Sure, no problem, as soon as you give me some punctuation and grammar.

No, it is not the same information, syntax is important dude, how lazy can you be?

(ps good natured ribbing ^^)

Bill Hicks, George Carlin, Bill Burr, Richard Prior, Patrice O'Neal, Doug Stanhope..... but to name a few.... American non Canadians.

Not that I have anything against a Canadian, love everyone I have properly met, and I have met a lot.

 (I had always thought that Steven Wright was a Canadian, and as it turns out.. he is not, that guy can deliver a deadpan one liner)

give me all your money and a box of snickerdoodles !

*breaks beer bottle*

Coin
Explanation

Enter Nigel "face like a walrus" Farage.

It seems like bitcoin price is achieving that apparent "stability" that so many people outside the bitcoin sphere said that it needed to gain acceptance.

Too bad they can't see it for what it is... oh well, no matter, those that choose to ignore the future will be doomed to wallow in the past.

I smell a RED.

Not "up in arms", sorry if I gave that impression.  The price is doing F all, and still floundering in 230's, just trying to block our chart buddy from getting on a roll.

I've seen the process of "guaranteed care", second hand in the UK, and first hand in AUS. Let me say I am quite content with my exorbitant private insurance rates. I won't speak to scandinavia as I have no experience with those systems.

I am also not defending the policies of the US. We spend more money on health care per capita than anyone. "Obamacare" was simply another subsidy for a "private" industry, the insurance industry.

My main point was that you can find leftists, socialists, anarchists, religious fanatics, capitalists, statists, nihilists, and everyone else under the sun here. They may not have direct representation in the government, but they're here.

You don't have a left, and you still get all testy.



Yes, it was a sweeping generalization meant to provoke a conversation because the price was doing f all. But there is a fair amount of truth to it. Norway has pretty much the same welfare system as their neighbors in Scandinavia, even though they are not oil nations. Other european countries have different blends of public and private systems, but always with a guarantee for care. There is nothing special about Norway or Canada or Greece. The odd one out is the US. And look at your reaction. Up in arms.

Coin
Explanation

Don't confuse the established left-right political parties and their media arms with the actual views of the people. There is actually a fair amount of nuance and diversity of views at the human level.


A rather binary viewpoint, no?

I understand criticism of US policies, hell, I participate in it often. Especially the proclivity to play "world police" (as long as there is strategic interest in doing it).

As long as we are making sweeping generalities though... I could say it is easy for oil states (Norway, Canada) with small populations to be very generous with social programs. The ones not so generously endowed with resources and productivity (Greece) tend to lecture other nations less (smugly).

Coin
Explanation

Yes, we do. There's a crazy Greek with two THREE (the one below as well) more additions to... The List.