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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27654. (Read 26711828 times)

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness Smiley
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.

They are his. So whatever he sees fit to do with them is fair.
hero member
Activity: 669
Merit: 500
I actually think Ripple/XRP is a better system and will eventually overtake Bitcoin. However, that's 2-3 years away.

If Ripple Labs doesn't buy out Jed and he really does crash the market, I'll scoop up some XRP.

In a few more hours, I'll be able to buy Jed out.
legendary
Activity: 2324
Merit: 1125
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness Smiley
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.

In my opinion there is no way to do this fairly (who will receive and who won't? There will always be an argument against it) and therefore doing so will result in the opposite effect.

The reason I jump on this so much is the damn socialistic parties in my country who can't seem to understand the difference between "fair" and "equal" and therefore think it's fair to rob people.
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness Smiley
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.
legendary
Activity: 2324
Merit: 1125
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy

And Satoshi actually mined his crap instead of just awarding it to himself (granted there wasn't a huge difference in the early days).

There actually was. He ran his computer for a very long time, plus everyone had the opportunity to do the same (although few did).
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy

And Satoshi actually mined his crap instead of just awarding it to himself (granted there wasn't a huge difference in the early days).
legendary
Activity: 2324
Merit: 1125
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy
Satoshi wouldn't sell... he'd give them away Wink

I'm hoping he'll publically destroy them (send to invalid address)
Why do that, when he could distribute them to the poorest people on earth?

Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness Smiley
hero member
Activity: 686
Merit: 500
Ultranode
I actually think Ripple/XRP is a better system and will eventually overtake Bitcoin. However, that's 2-3 years away.

If Ripple Labs doesn't buy out Jed and he really does crash the market, I'll scoop up some XRP.
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy
Satoshi wouldn't sell... he'd give them away Wink

I'm hoping he'll publically destroy them (send to invalid address)
Why do that, when he could distribute them to the poorest people on earth?
legendary
Activity: 1568
Merit: 1002
I am also bearish on LTC and DOGE. What do you think about Nxt? I am very bullish on that one. Aminorex don't you think that Proof of Stake is a much more valuable than privacy considering the launch of DarkWallet?

nxt is taking it to a whole new level. not just anony tx's but privicy levels.. also 2 fiat <> nxt exchanges adopting nxt into their system, point of sale system with 3d printable terminals will be used with one, the asset exchange is going to become the first decentralised high speed trading platform where you trade real coins,, not iou's, but real coins, by depositing to multigateway's (decentralised escrow service not controlled by any third party or central body). automated transactions(turing complete) will most likely be implemented long before ethereum and transparent forging has had another major mile stone reached on the way to instant transactions at 1000 tx's per second. many many MANY other huge developments in the works. if you guys arent extremely bullish on nxt. go read up about it! numerous companies being built on top of nxt including decentralised encrypted messaging app(nxt mobile applications company) and decentralised encrypted email.  https://nxtforum.org/
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Who would have thought that ripple could spawn such a fascinating Drama.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Sell wall is not convincing.
legendary
Activity: 2324
Merit: 1125
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy
Satoshi wouldn't sell... he'd give them away Wink

I'm hoping he'll publically destroy them (send to invalid address)
N12
donator
Activity: 1610
Merit: 1010
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy

This may have been a move by Jed to compel Ripple Labs to make him an offer. We'll see.
Makes sense actually. He'd get more out of them than he ever could on the open market, even if he had kept quiet.
hero member
Activity: 686
Merit: 500
Ultranode
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy

This may have been a move by Jed to compel Ripple Labs to make him an offer. We'll see.
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy
Satoshi wouldn't sell... he'd give them away Wink
hero member
Activity: 624
Merit: 502
Hahahah bet that clown Mah is crying himself to sleep right now!!!

Good riddance to bad rubbish!
N12
donator
Activity: 1610
Merit: 1010
http://www.ripplecharts.com/#/markets

 Shocked Shocked Shocked

And the xrptalk post states that he will start selling in two weeks. Might not be any fiat left...
It's the equivalent of Satoshi coming along saying he wants to sell all his BTC. Only Satoshi only has 1 million out of 12.8 in circulation, while Jed has 9 billion out of 17. I wonder what will happen. Cheesy Cheesy Cheesy
legendary
Activity: 1870
Merit: 1023
Also I do not believe that price is a random process (certainly not for large-scale motions like these).  The large drops in the past, and most of the rallies, all had obvious external causes.  The Brownian model (with variable variance) is merely the only "technical analysis" model (i.e. model that does not have external factors as inputs) that seems to be validated in practice.  Which means that, indeed, I do not see any reason to believe in TA.

The reason to follow TA is because others believe in it.  It is irrational to ignore the perspectives of other major market actors.  

I do think there are tons of silly TA charts that are meaningless - but if there are investors with enough money that act on them - then they matter.




trc
full member
Activity: 164
Merit: 100
Occasionally I also ask if any altcoins have compelling value. Now at least there are the 2.0 coins and the anonycoins. Just having scrypt is not interesting enough.

Scrypt is destined to die and won't see 2015 IMO. LTC devs said, harshly summarized, "adapt or die" regarding the ASICS and refused to adapt themselves. Coins with no clever names, no purpose or innovation will all perish. Trusting the community while betraying the core idea never works.
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