Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24702. (Read 26713624 times)

legendary
Activity: 1512
Merit: 1005


for a maths professor jorge isn't very good at maths, lol

Exactly, because he believes not having coins is the same as having zero coins. What a delusion.
Smiley

He is also a bad not economics professor.
SmileySmiley
sr. member
Activity: 378
Merit: 254
...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?

Underwriter Laboratories is a good example. http://en.wikipedia.org/wiki/UL_%28safety_organization%29 Industries are incentivized to adopt standard best practices.

I asked for the difference between self-regulation and no regulation.
You gave me a link to this:
"UL is one of several companies approved to perform safety testing by the US federal agency Occupational Safety and Health Administration (OSHA)."
I'd like an answer, not a non-sequitur.

Edit:  While we're on the subject of safety, here's a nice example of self-regulation, and why governments had to intervene:

legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?

All I've seen from you on here is negativity.
full member
Activity: 144
Merit: 100
Cut your losses !!!  
 
HUGE margin calls incoming !!!
hero member
Activity: 672
Merit: 500
Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.
legendary
Activity: 1106
Merit: 1007
Hide your women
...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?

Underwriter Laboratories is a good example. http://en.wikipedia.org/wiki/UL_%28safety_organization%29 Industries are incentivized to adopt standard best practices.
hero member
Activity: 672
Merit: 500
Hardly any volume and the small wall at 350 already seems enough to stop the "rally".
legendary
Activity: 1106
Merit: 1007
Hide your women
sr. member
Activity: 378
Merit: 254
...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?
legendary
Activity: 1232
Merit: 1011
Bids are immediately getting refilled after a sell, asks are not. I'm switching over to bullish for the moment. Not convinced that this will be a sustainable rally though. Once the support from these massive bidwalls is removed I expect us to resume bleeding down again.

Correct. Just a bigass bulltrap. 500+ Inc.

500 whaaat? bananas?

if we go past 400 in the next two weeks I would call it a day.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 896
Merit: 1000
Bids are immediately getting refilled after a sell, asks are not. I'm switching over to bullish for the moment. Not convinced that this will be a sustainable rally though. Once the support from these massive bidwalls is removed I expect us to resume bleeding down again.

Correct. Just a bigass bulltrap. 500+ Inc.
FNG
hero member
Activity: 588
Merit: 500
a bunch of coins added down to 346.5
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
legendary
Activity: 1106
Merit: 1007
Hide your women
No there aren't. Dig under the surface and you can find government intervention everywhere. Take Microsoft for example. It is far from a monopoly even in the Operating system space, but Bill Gate's wealth is largely dependent on taxpayer-supported copyright, patent and trademark enforcement "intellectual property".  MS even has a lobying firm on K street in Washington D.C. to make sure copyright enforcement is built into trade treaties. Gates isn't even a good technologist. He's the son of a lawyer who re-marketed some crap he bought for a few thousand dollars called "Quick and Dirty Operating System" to IBM and  the government did most of the rest.

Quite correct.  Indeed there cannot be monopolies in a free market, by definition of the terms.

The confusion is that libertarians read "free" as "unregulated" (or "laissez-faire"), whereas it means "where suppliers and customers can freely enter the market and choose each other".   Unfortunately, unregulated markets quickly degenerate to monopolies or oligopolies, because the dominant suppliers will use their economic power (including by buying governments) to exclude competition and lock their customers in.

Microsoft is a good example: in the absence or regulations requiring open document format and interoperability, they were able to lock billions of users into their proprietary format.



On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.
full member
Activity: 152
Merit: 100
Bids are immediately getting refilled after a sell, asks are not. I'm switching over to bullish for the moment. Not convinced that this will be a sustainable rally though. Once the support from these massive bidwalls is removed I expect us to resume bleeding down again.
hero member
Activity: 910
Merit: 1003
No there aren't. Dig under the surface and you can find government intervention everywhere. Take Microsoft for example. It is far from a monopoly even in the Operating system space, but Bill Gate's wealth is largely dependent on taxpayer-supported copyright, patent and trademark enforcement "intellectual property".  MS even has a lobying firm on K street in Washington D.C. to make sure copyright enforcement is built into trade treaties. Gates isn't even a good technologist. He's the son of a lawyer who re-marketed some crap he bought for a few thousand dollars called "Quick and Dirty Operating System" to IBM and  the government did most of the rest.

Quite correct.  Indeed there cannot be monopolies in a free market, by definition of the terms.

The confusion is that libertarians read "free" as "unregulated" (or "laissez-faire"), whereas it means "where suppliers and customers can freely enter the market and choose each other".   Unfortunately, unregulated markets quickly degenerate to monopolies or oligopolies, because the dominant suppliers will use their economic power (including by buying governments) to exclude competition and lock their customers in.

Microsoft is a good example: in the absence or regulations requiring open document format and interoperability, they were able to lock billions of users into their proprietary format.

FNG
hero member
Activity: 588
Merit: 500
if this continues it could be epic. Lots of new users flowing in via changetip. Everyone likes a rising price..keep heading towards $400 and we'll be in business
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