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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28885. (Read 26609889 times)

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
i really dont know what to think of those banksters interest in BTC... except huge mistrust.

I think they will find that many many people will assiduously seek out the flaws in their system.  Compared to Mt.Gox, draining JPM or GS would be very appealing.  Not only to private individuals, but also to nation-states.
legendary
Activity: 1260
Merit: 1002
I feel a bit of optimism on this board the last week.

I learned Bitcoin could save me $210 billion on my retail shopping which is nice because I never had that much to spend to begin with.
https://twitter.com/tuurdemeester/status/443779660002754562/photo/1


Now that is what i like the most... thank you i just found it here.... Smiley

basically they are saying bitcoin isnt a currency but the underlying technology is promising.
so they are just going to come up with their own coin backed up with their "institution" as most people now still urge for f***** centralization and this might be a fatal blow to btc.

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

i really dont know what to think of those banksters interest in BTC... except huge mistrust.
legendary
Activity: 1106
Merit: 1007
Hide your women
Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

https://bitcointalksearch.org/topic/official-lamborghini-for-bitcoin-thread-378936

cowboy boots and underwear at Overstock.com
legendary
Activity: 3878
Merit: 1193
Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

https://bitcointalksearch.org/topic/official-lamborghini-for-bitcoin-thread-378936
legendary
Activity: 1106
Merit: 1007
Hide your women
I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well.
That's why we have nation-states today.  The great 19th century innovation was total war.  Note that takings may be motivated by ideology as well as by colonialism.  Mutually assured destruction was effective at preventing a hot war during the late 20th century standoff between eastern and western blocs.  Studies of deterrence factors for crime indicate that severity of punishment is somewhat effective, but the most effective factors were promptness and assuredness of punishment.  Prompt and assured proportionate retaliation is the most effective deterrence to aggression.  This can be decentralized as well.  Switzerland has done this quite effectively.  Since every household was well-armed, even after fully encircling Switzerland, the Germans sought rapprochement rather than invading.  


Switzerland in the WWII era is informative. When dealing with a hostile threat, it's not necessary to possess the ability to defeat the aggressor. It is only necessary to present a less tempting target than the alternatives. Empires always crumble when the costs of administering colonies exceed the benefits of exploiting them.
legendary
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
I feel a bit of optimism on this board the last week.

I learned Bitcoin could save me $210 billion on my retail shopping which is nice because I never had that much to spend to begin with.
https://twitter.com/tuurdemeester/status/443779660002754562/photo/1


Now that is what i like the most... thank you i just found it here.... Smiley
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
If you're looking for an apartment in New York, I recommend these guys:  http://www.bondnewyork.com/  They take bitcoin.

When in Midtown, be sure to stop at Kay's Newsstand.  I get my chewing gum and newspapers there: http://www.youtube.com/watch?v=2pEqM0dgQsQ  He takes bitcoin.

In the evening you might want to hit EVR http://money.cnn.com/2013/04/08/investing/bitcoin-bar-new-york-city/  They take bitcoin.

I think it will take a year or two before the majority of retail storefronts and service shops in NYC take bitcoin, but you can use it now, for many things.
legendary
Activity: 1260
Merit: 1002
Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

I confess the one and only thing I bought were Marlboro from Moldavia....anybody else got annecdotal evidence that

craptofuck is actually replacing Fiat in more than 0.001 % of ones purchases in real life?



give it time dude. give it time. for now people are more focused in gathering as much BTC as they can. since we are early adopters, might as well preempt the future purchasing power it shall give. Although people that were here for a long time have been living the good life so far and surely bought the shit outta overstock and so on... but give it time Wink
newbie
Activity: 25
Merit: 0
i don't want to quote you because you are ignored by alot of people. I paid for a flight using bitcoin with cheapair.com and pay for online services i use with bitcoin when i can.
zyk
full member
Activity: 224
Merit: 101
Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?

I confess the one and only thing I bought were Marlboro from Moldavia....anybody else got annecdotal evidence that

craptofuck is actually replacing Fiat in more than 0.001 % of ones purchases in real life?

legendary
Activity: 1106
Merit: 1007
Hide your women
...

I think you have found one of your core competencies, sir.  You articulate these issues with clarity, and with passionate conviction.  If you successfully avoided chest thumping and upsmanship, you could distinguish yourself to lead an army of anarchists to victory.

I am reminded:  Darkest before dawn.

In my working class corning or the swamp, a certain amount of chest-thumping is tolerated and expected, but I do recognize that it doesn't translate well sometimes. I also recognize the irony of leading an anarchist army. When the only costs you can impose are opportunity costs, getting the incentives right is crucial.
hero member
Activity: 560
Merit: 500
I feel a bit of optimism on this board the last week.

I learned Bitcoin could save me $210 billion on my retail shopping which is nice because I never had that much to spend to begin with.
https://twitter.com/tuurdemeester/status/443779660002754562/photo/1
member
Activity: 63
Merit: 10
http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-traders-is-launched-2014-03-12

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

Trading Platform website :
https://atlasats.com


Website already down.
Will never trade there.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well.
That's why we have nation-states today.  The great 19th century innovation was total war.  Note that takings may be motivated by ideology as well as by colonialism.  Mutually assured destruction was effective at preventing a hot war during the late 20th century standoff between eastern and western blocs.  Studies of deterrence factors for crime indicate that severity of punishment is somewhat effective, but the most effective factors were promptness and assuredness of punishment.  Prompt and assured proportionate retaliation is the most effective deterrence to aggression.  This can be decentralized as well.  Switzerland has done this quite effectively.  Since every household was well-armed, even after fully encircling Switzerland, the Germans sought rapprochement rather than invading.  
hero member
Activity: 560
Merit: 500

This must be the Atlas who used to haunt this forum. He's grown into a Captain of Industry and become a part of the wealthy elite. All his dreams have been fulfilled.
legendary
Activity: 1106
Merit: 1007
Hide your women
Richy_T had some good ideas about balancing the budget, cancelling central banks and cutting down on government spending. These are nice, but I'm not sure they're doable. The very structure of the government as an institution prohibits them. Which is why I feel the need for non-governmental alternatives.

To be clear, I agree with you. When you look at the job that lays ahead and the history of the situation, it's a path that inevitably will not be taken. Unfortunately, the alternative is pretty catastrophic collapse with some very nasty consequences.

Unless, perhaps, another way presents itself. A way to detach from the sinking ship. I think that's what you're suggesting.

This is pretty much how I see it. Being an incorrigible optimist, I keep advocating for the peaceful, bottom-up, growing of alternatives. Even though I don't think there is a high probability we will see this. Lacking this path, there seems to be only the inevitable collapse which looms pretty scary.

Monopoly governments are engines for concentrating benefits and distributing costs. They are completely unsuited to do the opposite. Spending does not decrease generally because that amounts to concentrating costs of the budget-cutting on the spending beneficiaries.
hero member
Activity: 841
Merit: 1000
I feel a bit of optimism on this board the last week.
legendary
Activity: 1428
Merit: 1000
http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-traders-is-launched-2014-03-12

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

Trading Platform website :
https://atlasats.com


Game ON Roll Eyes
sr. member
Activity: 476
Merit: 250
I'm looking for better definition on where you stand.

Alright, let's take this further: the argument is that we would support the poor through voluntary charity, yes? Now let's say after 10 years, charity turns out to be woefully inadequate. Let's assume that -- while the world has not devolved into chaos and anarchy as a result of a lack of government -- that some are suffering because not everything went as planned. There's slums with no police protection because everyone that lives in the neighborhood can't afford it. How do we approach that? Are some things up for socialization, or is it all strictly no go, no budge?

Sure, the poor ain't doing so hot right now, but in order for the change to be worth it, it's not enough to be different. It's got to be better, and noticeably so. The problem is better is subjective, and not everyone will agree on, let alone know, what better really is.

Oh, I'm fairly happy to take things piecemeal. If things don't appear to be working, back off and adjust approach. Obviously, I believe things would not tend to end up that way (though government action has created a huge underclass that would have to be accounted for) but I'm not one for big schemes that have to be implemented in one fell swoop (just look at Obamacare for how that kind of thing goes).

Basically I see it like a big game of Jenga. There are some pieces which can be taken easily and others which require the removal of other pieces before they can be taken without collapsing the whole tower. Fortunately, almost every step that is taken to improve freedom should make the next one easier.

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."

For that matter, what if there are no solutions to the problems that come up? What if it turns out that, for most, your idea is, in fact, a dismal failure? Or what if it's not even possible, for example forms of government start popping up because that's what people want. What if all these small governments start warring with each other? How do we set up an army to fight off an invasion from a country who doesn't share our approach? All of these are questions that need to be addressed before you take the leap.

I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well. That's a general statement to all who agree with you, not specifically directed at you. You can say all you want "it won't happen," but it will. There will always be monsters in this world who will take full advantage of whatever situation they are put in. It's just a question of how widespread it will be.

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.
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