Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28884.

Richy_T

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Quote from: billyjoeallen on March 12, 2014, 02:16:24 PM

Central planners are incapable of seeing the limits of central planning. They don't understand that the absence of answers to their questions is a feature of decentralization, not a bug.

Too true. When one man makes a mistake, he maybe brings misery to himself and a few others usually. When government makes a mistake, it's misery for millions.

Davyd05

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At the least bitcoin has us engaging with those we likely would've just left on ignore, well not everyone makes it to the debate...however the titles I' have seen tweeted in relation to the Goldman Sach's piece, tend to skew it towards a bash fest. After seeing those charts and figures...I can only think someone who doesn't know how to recognize opportunities is concluding it is doomed lol.

Richy_T

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Quote from: octaft on March 12, 2014, 12:05:15 PM

I have a lot of questions for libertarians that I want answered. I've been asking them for years. Most of them still haven't been answered. I thought that might change here, but I'm starting to lose hope and am almost to the point of writing it off as another lost cause.

Thing is, I run into people like you all too often. You have been provided answers (and you reject them for good or bad reasons depending on your point of view) then you run around crowing that you have not been provided answers and expect someone to spoon feed you and then you still reject those answers and the cycle continues. Worse, typically you don't actually have arguments against the answers you have been provided, you just reject them out-of-hand. It becomes tiresome.

There is much good literature out there if you care to educate yourself. Check out some Popper, Hayek etc. There is undoubtedly also much good counter-argument should you wish to properly be able to refute positions you disagree with. You might even find yourself altering your perspective. I used to be quite the socialist myself.

billyjoeallen

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Hide your women

Quote from: Richy_T on March 12, 2014, 02:11:34 PM

Quote from: octaft on March 12, 2014, 12:05:15 PM

Okay, so you're willing to take things piece-meal. Great, but you didn't provide any solution to the problem. Pretend you're taking things piece-meal, and this information has just come up. I'm personally not the type who is comfortable with "crossing that bridge when you come to it."

And I am not the "grand solution" type not least since it has proven to be so disastrous in the past (and present). Answers are often not evident until situations arise. Do you really think crossing a bridge before you come to it has a desirable outcome?

Central planners are incapable of seeing the limits of central planning. They don't understand that the absence of answers to their questions is a feature of decentralization, not a bug.

billyjoeallen

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Hide your women

$200 billion in potential savings in retail, Etail and remittances. What about micropaypents, equities trading, voting, corporate management, wealth storage, accounting, and charities?

a $10,000 bitcoin at Google market cap is a reasonable expectation for the next couple of years, but he the upside potential is substantially greater than that.

Richy_T

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Quote from: octaft on March 12, 2014, 12:05:15 PM

Okay, so you're willing to take things piece-meal. Great, but you didn't provide any solution to the problem. Pretend you're taking things piece-meal, and this information has just come up. I'm personally not the type who is comfortable with "crossing that bridge when you come to it."

And I am not the "grand solution" type not least since it has proven to be so disastrous in the past (and present). Answers are often not evident until situations arise. Do you really think crossing a bridge before you come to it has a desirable outcome?

F-bernanke

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Quote from: Walsoraj on March 12, 2014, 01:48:31 PM

Quote from: F-bernanke on March 12, 2014, 01:47:24 PM

Quote from: zyk on March 12, 2014, 12:54:37 PM

Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

Bought some gigs at Fiverr. But who cares? I'm in it ~~for the store of value~~ to cash out at a later time for more fiat.

Fixed.

No, same reason why I hold Gold.

Fiat inflates away. I despise FIAT, holding fiat is promoting slavery.

aminorex

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Sine secretum non libertas

Quote from: fluidjax on March 12, 2014, 01:48:22 PM

I think the HODL'ing bulls may, its the traders in this thread that need to be careful.

As I opined elsewhere, the one advantage you're likely to have is understanding the fundamentals, the mechanics. Wall street is deeply inculcated with the idea that volatility are risk are one and the same. This error is likely to persist for a long time.

freebit13

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I got Satoshi's avatar!

Quote from: conspirosphere.tk on March 12, 2014, 01:20:35 PM

Quote from: hdbuck on March 12, 2014, 01:14:39 PM

insight: friend of mine working in JP Morgan in London also confirmed they are kinda elaborating their own coin as we speak.. Undecided

JPMorgancoin? lol. I can't wait for it.

FractionalReserveCoin.. oh wait... Gox already did that Wink

Walsoraj

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Ultranode

Quote from: F-bernanke on March 12, 2014, 01:47:24 PM

Quote from: zyk on March 12, 2014, 12:54:37 PM

Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

Bought some gigs at Fiverr. But who cares? I'm in it ~~for the store of value~~ to cash out at a later time for more fiat.

Fixed.

fluidjax

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Quote from: Walsoraj on March 12, 2014, 01:41:07 PM

So bitbulls believe that they will become even wealthier with support from wallstreet traders?

I think the HODL'ing bulls may, its the traders in this thread that need to be careful.

aminorex

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Quote from: F-bernanke on March 12, 2014, 01:47:24 PM

Quote from: zyk on March 12, 2014, 12:54:37 PM

Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

Bought some gigs at Fiverr. But who cares? I'm in it for the store of value.

Use it or lose it.

F-bernanke

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Quote from: zyk on March 12, 2014, 12:54:37 PM

Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

Bought some gigs at Fiverr. But who cares? I'm in it for the store of value.

Walsoraj

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Ultranode

So bitbulls believe that they will become even wealthier with support from wallstreet traders?

Cheesy

FullLife

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Quote from: KeyserSoze on March 12, 2014, 01:35:40 PM

Quote from: aminorex on March 12, 2014, 01:31:53 PM

Oh man, piling on naked shorts in JPM coin? What competing banker could resist?

Just admit that 686f646c's last post of the guitar cowboy made you think of barely resistible naked shorts. It's cool, man, it's cool. We're all friends here.

Zing!!

KeyserSoze

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Quote from: aminorex on March 12, 2014, 01:31:53 PM

Oh man, piling on naked shorts in JPM coin? What competing banker could resist?

Just admit that 686f646c's last post of the guitar cowboy made you think of barely resistible naked shorts. It's cool, man, it's cool. We're all friends here.

aminorex

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Sine secretum non libertas