the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
Except Ripple.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28869. (Read 26610776 times)
March 13, 2014, 08:12:44 PM
Except Ripple.
March 13, 2014, 08:08:56 PM
March 13, 2014, 08:05:01 PM
the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
Except Ripple.
March 13, 2014, 08:02:23 PM
March 13, 2014, 08:01:10 PM
the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
March 13, 2014, 07:53:23 PM
No, but I've heard of being on topic, have you heard of that?
In the wall observer thread? Good luck.
lol come on, the last 10 pages were just sociology chitchat.
at least that site is big news.
edit: should run a BTC donations campaign for these guys since they're probably going to go through a lot of harassment/trials.
edit edit: godd im so bullish on everything right now.
March 13, 2014, 07:52:57 PM
Last ~4 hours we've been in a tight range.
Interesting.....
Interesting.....
Anything less than a 50% flash crash is boring.
March 13, 2014, 07:47:28 PM
No, but I've heard of being on topic, have you heard of that?
March 13, 2014, 07:44:53 PM
March 13, 2014, 07:44:11 PM
this new exchange coming up is a mega bullish news, hopefully few more spring up here in the states
Wow... it's not often you see a media discussion that's dominated by Bitcoin bulls teaming up on one skeptic!
Was he drunk? He was babbling, he said "early adapters" instead of "early adopters" about 4 times and said nonsense like "when you're storing Bitcoin you can put a value there and say it's representing gold or other things like that". Wow, that's the best rebuttal he had to the original point, which was that Bitcoin is not backed by a government or gold. Honestly he didn't sound confident talking about Bitcoin at all.
March 13, 2014, 07:41:06 PM
this new exchange coming up is a mega bullish news, hopefully few more spring up here in the states
Wow... it's not often you see a media discussion that's dominated by Bitcoin bulls teaming up on one skeptic!
Was he drunk? He was babbling, he said "early adapters" instead of "early adopters" about 4 times and said nonsense like "when you're storing Bitcoin you can put a value there and say it's representing gold or other things like that". Wow, that's the best rebuttal he had to the original point, which was that Bitcoin is not backed by a government or gold. Honestly he didn't sound confident talking about Bitcoin at all.
March 13, 2014, 07:15:24 PM
poeple need to be prepared to answer why its better then fiat.
the naysayers say things like "a currency has to be back by the full faith and credit of a government"
the appropriate response to that is
" bitcoin is backed by all the poeple who chose to use it...
it has value because it has specific properties that make it desirable
bitcoin is:
1. Scarce
2. Durable
3. Portable
4. Divisible
5. Impossible to counterfeit
6. Fungible ( any 1 BTC has the same value as any other )
7. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
8. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)
9. all of the above. + very shiny
Fiat is:
1. Definitely not Scarce, ( mage inflation in the money supply is monumental )
2. Not Durable
3. NOT Portable... compare it to bitcoin, ( try sending 1 million dollars across the globe, try sending 10 cents. then try again but with bitcoin AHhhhh you starting to get it now eh )
5. Impossible to counterfeit LMAO
6. Fungible... ya maybe...
7. Easy to keep safe? ya all it required is huge banks, and even then.... the only reason it works is the fact the government has no problem printing (out of thin air ITS MAGIC!) as much money as they need to be solvent any time they need it, you do know what a bailout is right?
8. Shiny? Its has cocaine allover it so no... not shiny
the only thing that fiat has going for it is that its widely accepted, for now!
"
in short:
for #5 "Impossible to counterfeit"
does that even apply to fiat given the fact that it is, relatively easy to counterfeit, and in essence, counterfeited into existence?
March 13, 2014, 07:13:44 PM
try sending 1 million dollars across the globe
I've just tried, and it doesn't work: I don't have the million! 
try 10cents then
March 13, 2014, 07:06:13 PM
try sending 1 million dollars across the globe
I've just tried, and it doesn't work: I don't have the million! March 13, 2014, 07:02:23 PM
March 13, 2014, 06:57:16 PM
this new exchange coming up is a mega bullish news, hopefully few more spring up here in the states
Wow... it's not often you see a media discussion that's dominated by Bitcoin bulls teaming up on one skeptic!
if it was me i'd make that bear cry and have him begging me to sell him a 1/10th of a bitcoin for 100$
March 13, 2014, 06:52:03 PM
this new exchange coming up is a mega bullish news, hopefully few more spring up here in the states
Wow... it's not often you see a media discussion that's dominated by Bitcoin bulls teaming up on one skeptic!
March 13, 2014, 06:49:17 PM
I simply want to live in a society where all interactions are voluntary and property rights are respected. If that sounds too distopian to you, find comfort in the fact that I am philosophically am opposed to forcing anyone to create such a society, to live there or to stay there. Can you the the same of your society?
Those are very nice and lofty principles in theory, and they are NOT even bad things to which to aspire. NONETHELESS, we are likely NOT going to be able to achieve complete voluntaryism, especially your concept of the term, and there are social and public benefit and social and public property that are from time to time going to impinge upon the boundaries and property rights of others that are NOT likely resolvable voluntarily. But, in theory I would like a world that also aspires to those kinds of broad principles, to the extent feasible.. so maybe we kind of agree to the broad principles, but NOT to the absolutism of such broad principles to the detriment of society as a whole.
The debate might end here, then. There are several strong utilitarian arguments to be made in favor of distributed governance, but I'm probably not the right person to make them. I'm a Natural Rights kind of guy and I don't think coercion is justified even if it produced a net benefit for society, which I strongly believe it doesn't.
Our community just donated over $25,000 worth of bitcoin to a victim of irresponsible media. Is that not evidence of our charitable disposition?
You cannot run a society like that.... this situation got a lot of attention, but there are so many situations of public need that do NOT get attention, and the problem of free riding or free loading is a well known principle in economics and human psychology that people are NOT going to just freely invest in certain public goods, and they are just going to wait for the other guy... b/c they know that they can get it for free.. there are so many examples of this and even examples of natural monopolies that it is very inefficient to build redundant systems.. and those kinds of systems are public goods. I think a lot of you anti-government folks do NOT account for these various factors, and somehow expect that everything important is going to be covered by some kind of hands-off voluntary/free/individualistic system.
I don't want to run a society. I want it to run without anyone running it. Kind of like Bitcoin. Free riders are not the primary issue to the truly altruistic. The main issue is "are the needs of the helpless being met?"
You have a clever way of pointing at technicalities such as you do NOT want to "run a society." Who gives a flying fuck whether a person uses the word run or that the society is running on its own...
Ultimately, the point that I am making is that in the real world apart from your fantasy land of generalities (that supposedly is shared by others with similar visions of grandeur), the societal objectives are NOT going to be met. ... and net happiness will be down.. even thou some people may feel free an empowered by such a vague societal outline.... b/c supposed individualized liberty will be embraced and respected... Your whole outline seems much to vague.
And face the reality... you cannot "meet the needs of the helpless" without having various plans that outline such rather than relying on some amorphous concepts of voluntary giving...... and I am quite confident that the helpless will be a much broader category than you are contemplating in your vague outline of principles.
March 13, 2014, 06:41:59 PM
I observed this wall today, uploaded for your pleasure.
Edited: vandal's graffiti.
Edited: vandal's graffiti.
What's it mean?
March 13, 2014, 06:34:33 PM
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