Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22225. (Read 26686442 times)
March 30, 2015, 02:16:34 PM
Pretty obvious the reason for the rise right now.
March 30, 2015, 02:14:20 PM
Battle for 250 coming up
249 . Resistance Is Futile
March 30, 2015, 02:11:33 PM
also, this story about feds stealing bitcoins shows the weakness of bitcoin.
yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
escrow is too much of a hassle.
It took more than five years for bitcoiners to understand that middleman and trusted third parties are not evil and that they play an important role in consumer protection.yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
escrow is too much of a hassle.
...Actually, no, forget I said anything. I take that back.
...
After five years they still don't get it.
March 30, 2015, 02:04:09 PM
Battle for 250 coming up
March 30, 2015, 01:58:46 PM
March 30, 2015, 01:49:25 PM
...
geniouz
geniouz
Not doing yourself any favors here, empowering. Back on ignore you go.
Empowering!
I'm putting you on temporary ignore. Softhearted as I am, I'll occasionally unignore you--to check if you've learned to behave yourself like a human being.
Don't make this temporary ignore become permanent, empowering, there will be no more warnings.
You're this close
I'm putting you on temporary ignore. Softhearted as I am, I'll occasionally unignore you--to check if you've learned to behave yourself like a human being.
Don't make this temporary ignore become permanent, empowering, there will be no more warnings.
You're this close
March 30, 2015, 01:38:48 PM
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.
That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!
Sooner or later bitcoin will "benefit" from this too.
Of course, "Potentially" should have been emphasized. So it goes. But the point I'm making is that bitcoins value is a function of its share of the market. Even if that is expressed in overall volume, not actual value. But with QE, who knows what actual value is anyway.
"Potentially" in the same sense as "weather in Duluth can potentially move BTC value." Yeah, can't be ruled out, but the relationship is tenuous at best.
Re. "who knows what actual value [of USD] is anyway": the dollar value is measured by the amount of goods that it buys. For instance, a dollar can buy ~ twice as much BTC as it did at the start of this year. Easy
March 30, 2015, 01:37:05 PM
also, this story about feds stealing bitcoins shows the weakness of bitcoin.
yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
geniouz
March 30, 2015, 01:36:06 PM
also, this story about feds stealing bitcoins shows the weakness of bitcoin.
yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
escrow is too much of a hassle.
yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.
if you cant trust a government agent nor a drug dealer...why use it at all?
escrow is too much of a hassle.
March 30, 2015, 01:28:15 PM
I'm not sharing my ignore list, but I will sell it to the highest bidder.
0.5 btc min increment.
starts @ 1 btc.
0.5 btc min increment.
starts @ 1 btc.
I'd pay 1BTC for NLC's ignore list. Yours is not so fancy as his
Oh wait. I forgot! I got him on ignore!
March 30, 2015, 01:18:58 PM
I'm not sharing my ignore list, but I will sell it to the highest bidder.
0.5 btc min increment.
starts @ 1 btc.
0.5 btc min increment.
starts @ 1 btc.
March 30, 2015, 01:15:55 PM
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.
That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!
Sooner or later bitcoin will "benefit" from this too.
Of course, "Potentially" should have been emphasized. So it goes. But the point I'm making is that bitcoins value is a function of its share of the market. Even if that is expressed in overall volume, not actual value. But with QE, who knows what actual value is anyway.
March 30, 2015, 01:02:47 PM
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.
That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!
Sooner or later bitcoin will "benefit" from this too.
Nothing whatsoever to do with fractional reserve--substitute 5g of gold for $200, works exactly the same.
March 30, 2015, 01:00:04 PM
Wow, thanks! There is no way for me to import the list automatically, but I'll use it as a reference and ignore when I see them. And I will start right now to weed out the most current. Thanks again!
It's all a personal preference though. You might find some of those posters to be people who touch you deeply. The likelihood is not, but who knows?. My ignore list is considerably larger than that but I'm getting old now and wish to use my limited time left reading opinions that actually count for something.
It is time to clean up, but only trolls, not bears/bulls/stupid people. I'm from Norway, where trolls come from. I know one when I see one. (Most of the time. They have humanoid features....)
March 30, 2015, 12:58:44 PM
March 30, 2015, 12:51:56 PM
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...
Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.
That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!
Sooner or later bitcoin will "benefit" from this too.
March 30, 2015, 12:51:16 PM
@Norway:
You can use mine as well; or compare them, as reference. I think I have all the sockpuppets inside.
Random pic follows
You can use mine as well; or compare them, as reference. I think I have all the sockpuppets inside.
Quote
Hfertig
Wandererfromthenorth
mmitech
ShroomsKit
fonzie
luckygenough56
JohnPercent
sporket
FatherBob
Cassandra_PR
Silverspoon
NotLambchop
Ask Ken About Love
BlindMayorBitcorn
mrkavasaki
YourMother
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
Warren Buffert
NotHatinJustTrollin
Wandererfromabroad
bitards
ChildPr0nzUsers
JihadCoinz
sAt0sHiFanClub
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg
bitcointoda0
ButVentureCapitaaaaaaal
IDKwhatisgoinon
not10kyet
AlmostThere881
BITIsHere!!!!
Wandererfromthenorth
mmitech
ShroomsKit
fonzie
luckygenough56
JohnPercent
sporket
FatherBob
Cassandra_PR
Silverspoon
NotLambchop
Ask Ken About Love
BlindMayorBitcorn
mrkavasaki
YourMother
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
Warren Buffert
NotHatinJustTrollin
Wandererfromabroad
bitards
ChildPr0nzUsers
JihadCoinz
sAt0sHiFanClub
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg
bitcointoda0
ButVentureCapitaaaaaaal
IDKwhatisgoinon
not10kyet
AlmostThere881
BITIsHere!!!!
Random pic follows
March 30, 2015, 12:50:30 PM
(my crime for making the ignore list of people is repeatedly pointing out that the criminal ceo of mtgox mark karpeles used a billion non-existent dollars to manipulate the price of bitcoin since perhaps the very beginning as it was the only exchange for bitcoin for the first several years , but most definitely caused the runup from double digits all the way to the $1200+ high point , culminating in the outright theft of 650,000-850,000 bitcoin , which may or may not have been getting continually dumped into the other new exchanges ever since ... ooops ... did it again ... can't have people be reminded of that ... they might come to the realization that bitcoin , though perhaps not intended to be used as a fraudulent ponzi mechanism , has most certainly been abused as one ... and that today's price is a leftover result of that fraudulent action ... i cannot stress how severe an impact of $1,000,000,000 of "fake new money" spent in a couple months would obviously have on a market as small as bitcoin , which was at the time that fraud began valued at *less than* a billion in total market cap)
(oh also they hate it when i point out ... 1,000,000 unique btc addresses with more than 0.01 btc is representative of 0.0142857 % of the population ... a great many of which are long dormant unused / represent the many multiple addresses of people ... putting that estimated % far lower in terms of actual btc user adoption ... probably by a factor of at least 10 , to lower adoption to 0.001 % of people even holding a dust amount of btc ... evidence of the actual complete lack of public interest or trust in btc despite awareness of it's existence through news reports and 7 years of time)
(they also hate it when i point out that their beloved btc is more than 100,000X worse distributed that the existing fiat monetary system , since in this world 70,000,000 people (1%) owning half of all the wealth is in fact far far more egalitarian and better system to support than a system with 1000 people holding 3/4 of all btc in existence ... tearing the mask off the illusion that bitcoin would result in anything other than total financial tyranny concentrated to an extreme degree by many orders of magnitude if it were to ever accomplish the laughable goal of replacing fiat currencies)
(oh also they hate it when i point out ... 1,000,000 unique btc addresses with more than 0.01 btc is representative of 0.0142857 % of the population ... a great many of which are long dormant unused / represent the many multiple addresses of people ... putting that estimated % far lower in terms of actual btc user adoption ... probably by a factor of at least 10 , to lower adoption to 0.001 % of people even holding a dust amount of btc ... evidence of the actual complete lack of public interest or trust in btc despite awareness of it's existence through news reports and 7 years of time)
(they also hate it when i point out that their beloved btc is more than 100,000X worse distributed that the existing fiat monetary system , since in this world 70,000,000 people (1%) owning half of all the wealth is in fact far far more egalitarian and better system to support than a system with 1000 people holding 3/4 of all btc in existence ... tearing the mask off the illusion that bitcoin would result in anything other than total financial tyranny concentrated to an extreme degree by many orders of magnitude if it were to ever accomplish the laughable goal of replacing fiat currencies)
I believe you
March 30, 2015, 12:49:58 PM
Wow, thanks! There is no way for me to import the list automatically, but I'll use it as a reference and ignore when I see them. And I will start right now to weed out the most current. Thanks again!
It's all a personal preference though. You might find some of those posters to be people who touch you deeply. The likelihood is not, but who knows?. My ignore list is considerably larger than that but I'm getting old now and wish to use my limited time left reading opinions that actually count for something.
March 30, 2015, 12:45:53 PM
Could you give me your ignore list, and I will copy it.
Hfertig
ShroomsKit
luckygenough56
JohnPercent
sporket
FatherBob
Cassandra_PR
Silverspoon
mrkavasaki
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
NotHatinJustTrollin
Wandererfromabroad
ChildPr0nzUsers
JihadCoinz
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg
kwukduck
MatTheCat
12345mm
exocytosis
Mervyn_Pumpkinhead
Wandererfromthenorth
tarmi
YourMother
fat buddah
homo homini lupus
Warren Buffett
Warren Buffert
NotHatinJustTrollin
Arpeggio
Second-base
bitards
It's really sad, until a few months ago I had a policy of no ignore list, trolls were generally annoying but they each had their moments.
But now it's just constant shitposts
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