Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28874. (Read 26610473 times)

I could make ChartBuddy repost "Favourite charts from the booms and busts of 2013" if you'd like

Yeah, that's more or less my point. Often when people criticize "capitalism", they are actually criticizing something else like corporatism. This leads to incorrect conclusions as to how to deal with these problems. Capitalism really isn't an "ism", it just describes the way that civilization has found efficient to trade. To be anti-capitalist is to be anti-civilization at base.

Oh, Canada. You guys are way more liberal than US, aren't you? Do you still collect decent benefits if you work? If you don't collect anything simply for having a job and your numbers are accurate, then yes that system is terrible and totally rewards not working.

I think we've determined already that you have far more faith in humanity than I do, and it shows. Yes, private individuals would have more wealth to share, but would they? I am of the opinion that it's human nature to horde and be greedy, and from the tone of your post and others, I'm sure you disagree. You sound like a really nice guy, but take care not to too readily project that onto others. As for WHO takes care of social security and welfare, I don't care who it is, as long as it's done. The government sucks and is probably quite inefficient, but how else are we going to do it? You can't take away something without offering either a reason for why it shouldn't be done (which some of you have. I disagree with most of those reasons, but some of you have), or with a suitable replacement.

The Just World fallacy is not an attempt to "come to terms" with anything, really. It is primarily a state of denial and emotional self-protection. It hurts us to see people suffer, so if we can convince ourselves that it was their fault, and that it can't happen to us because we work hard or whatever, it somehow makes it feel better, or just. If you wanted to make a proper analogy, if I were to see that homeless man and say "get a fucking job, you bum, if you had any skills or cared about yourself, you wouldn't need to mooch" without ever stopping to consider how he got into that situation, that would be a much better example of the Just World fallacy. Based on what I've argued so far, does this sound like anything I would ever say about someone in need?

As for giving him the feeling that he is a human being, too, man you are a really nice guy (no sarcasm). It is true that good feelings help people get through the tough times, but all the goodwill in the world won't feed you. I never give money, they get food or nothing. I have no idea what they will spend my money on. After all, I'm not naive enough to believe that everyone in hard times got there despite hard work, some people really are just incorrigible fuckups, just not as many as you might be led to believe. When I give food, unless they can find someone who wants to buy a sandwich from a homeless man, all he can do is eat it.

For the record, maybe you're just pulling the wool over my eyes, but you don't seem to be anywhere near the "disdain" category. I do think a lot of you are in the "misconception" category, though.

I'm buying alts, shares etc. like a boss... got tired of anticipating Bitcoin moves. Can't catch all bottoms and alts prices are overall pretty good and most probably would bring better gains at some time than Bitcoin could fail down at this moment.

Philosophy okay, but religion ugh no!

I'm religious but thanks, this is not the place I'd read about it 

Explanation

I could start talking about religion if you are tired of philosophy.   

Yep.. Alot of boring reading.
It means everyone is ready to choo choo again 

The Bank of England have released a quarterly bulletin which is mainly about the definition of money, and its role in a modern economy. It (of course) includes some stuff on Bitcoin and digital currencies, as well as local currencies - Coin Desk have an overview here, or you can read the PDF directly here.

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For the last three days in fact ...

I can't demonize someone I don't know, I can only speculate. If I'm wrong, say I'm wrong and tell me why. I might counter you, but if you honestly and earnestly address me, I will extend you the same courtesy. Stop letting stupid people from my side influence your judgment of me. I might come off as arrogant and a dick sometimes, but there is totally a method to my madness, and besides, let's face it, I would get totally trucked by all of you if I tried to be too nice.

Okay, well how much do they make there, and where is there? I don't have exact numbers because they calculate it based on certain factors like monthly income and expenses, which will obviously be different in each case. but for the US (NY specifically, which is a fairly liberal state), the absolute maximum, that is, no income, huge dependent costs (I put in $20,000 per month, which is obviously way too high and will automatically put your income per month into a huge negative), etc., is $900. And that's for FIVE kids (which would be considered 6 household members, a couple with 5 kids would be 7, or $995). Most needy families do not actually have that many children. In fact, most families period don't have that many children. That's simply propaganda. The absolute maximum for a family of 3 is $497, again that is the maximum, and will frequently be far less.

Also note how increasing from 3 family members to 6 only increased the maximum benefits from $497 to $900.

Play with the numbers yourself if you like. I just googled SNAP benefits calculator in google. Note that you make significantly less than the working poor if you're not working, because you can earn up to a certain amount and still be eligible for (less) assistance. The calculator below shows you what that number is based on household members (by far the most important number):

http://benefitsplus.cssny.org/benefit-tool/benefits-plus-snap-calculator

If you are a couple with 2 kids making $2000 a month in employment income, you are eligible for $200 of the $600 maximum allotment. That's a full $1600 more because you have an okay job.

Regardless of anything else, nobody can argue that these benefits are allowing anybody to live like royalty, and nobody can argue that no job is better than having a job. The fact that you can work and still collect is what rewards these people for working, because now you can actually afford to enjoy yourself a little bit and get some breathing room.

$700+ in weekend will be my buy signal

Not trying to be an ass but less is more. Sum up your points please. Too much to read when you're trying to catch up.

How many people skipped right over the two or more paragraph posts in the last several pages? Say I.

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I'm now all in, I guess so are most other so until more disposable fiat shows up at the door, we'll pump the philosophical principles.

I know right, bout as boring as BTC has been the last couple days as well...

Agreed, this is hardly wall observing... its killing the thread, I personally wish they would start their own thread on it. But I don't moderate or make decisions so.....

In wall observing news, It looks like houbi's price might actually surpass bitstamp! :O