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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28905. (Read 26609521 times)

sr. member
Activity: 441
Merit: 250
YOU DO NOT KNOW WHAT IS BEST FOR SOCIETY AND HOW TO ACHIEVE IT

That is a trusim, but one that does mislead the lesser intelligent.

Because while it is true that one does not know what is best for society, it is often trivial to point out something that is good for society. And that is what matters in practice.
sr. member
Activity: 476
Merit: 250

YOU DO NOT KNOW WHAT IS BEST FOR SOCIETY AND HOW TO ACHIEVE IT

Neither do I, of course. That is the point. The main one. Frame it and put it above your bathroom mirror.

So is this an admission that you aren't actually sure that a society without government would be so much better?
hero member
Activity: 540
Merit: 500
COINDER
NEW TIMESTAMP ACHIEVED:

Only two blocks to hit 12.500.000 bitcoins mined??.. Shocked
Blocknr 290.000

I know its not relevant but some nice math..  Wink
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
OH my dear Eris, this thread has become so littered by strawmen that I fear the whole forum will catch on fire if I drop a match...

I won't address them all, I'll just leave one important thought here for all to consider. I haven't seen it mentioned in the whole debate:

YOU DO NOT KNOW WHAT IS BEST FOR SOCIETY AND HOW TO ACHIEVE IT

Neither do I, of course. That is the point. The main one. Frame it and put it above your bathroom mirror.

You do not know.

Here we have this wonderfully complex and complicated web of interaction and interrelation of human beings, set in an equally complex biosphere. To think that YOU have the capability to process all of the necessary information and come up with the answers for what needs to be done to make everyone better off...is hubris, dangerous, arrogant hubris, which lies at the heart of the failings of our current system.

Actually, I have written about this topic before

An excerpt:

Quote
So you have thought about this and come to the conclusion that what is needed is to tax corporations. Pass laws against polluting the environment, against discrimination and for consumer protection. Raise the minimum wage, strengthen gun control, lower some benefits, raise others, add this, subsidize that, prohibit this, cut that or some other sort of arbitrary fix or tweak to the system. Now all we have to do is convince all these “apathetic voters” to realize the correctness of these solutions, vote in the “right people” into office and then everything will be much much better than it is today. I’m really sad I have to tell you this, but: you are not so smart. You may think you have figured out how exactly to change society for the better but that’s only because you haven’t thought deeply enough about the issue and you are probably vastly overestimating your ability to gather the necessary data, integrate them into a meaningful model of what is going on (by the way have you ever noticed that the map is not the territory and your model of what is going on is probably far away from reality?), correctly identify causal relationships within that model and estimate the effects of your desired changes, including all the unforeseen consequences. In other terms, you are probably way too arrogant in your supposed knowledge of where the problems lie and how to “fix them”.

There is one basic fact of history which all of these people seem to be happily ignoring; we have already tried all this. Countless times. Has it helped? What makes you think that this time it will be different? This time we will have honest politicians? This time we will pass the right laws and do the right things? I’m sorry to tell you that you have fallen prey to a grand idealistic utopianism – namely the utopian idea that it is possible to create a central government filled with honest people working towards the greatest benefit for all and actually accomplishing such a goal!


Do not fall prey to the Grand Utopia.
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
Things feel strange... Huobi's volume is VERY low and falling... No TA postings in this thread... No exchanges have been robbed today... What is happening?

Market is preparing for the next big jump - it could go down or up ~200$. It can take a few days before it starts, but quite soon we will see.

Based on?  Cows lying in a specific direction?  Tea leaves?  Planets in alignment?
hero member
Activity: 910
Merit: 1003

Market is preparing for the next big jump - it could go down or up ~200$. It can take a few days before it starts, but quite soon we will see.

In what sense is it "preparing"?

The market is just a bunch of traders.  How is each trader "preparing", for what, and why?
hero member
Activity: 538
Merit: 500
Things feel strange... Huobi's volume is VERY low and falling... No TA postings in this thread... No exchanges have been robbed today... What is happening?

Market is preparing for the next big jump - it could go down or up ~200$. It can take a few days before it starts, but quite soon we will see.
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
Huobi looks like it will have only 1/3 of yesterday's volume - ~30 kBTC.
OKCoin BTC/CNY may have 1/2 of yesterday's volume.
OKCoin LTC/CNY also looks like 1/3.

I did not find anything about today being a holiday in China.  Mar/12 is arbor day, but is a business day as usual.

Hey Jorge, well its been a rather anaemic day on Bitstamp (over the last 9 hours).
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
Huobi looks like it will have only 1/3 of yesterday's volume - ~30 kBTC.
OKCoin BTC/CNY may have 1/2 of yesterday's volume.
OKCoin LTC/CNY also looks like 1/3.

I did not find anything about today being a holiday in China.  Mar/12 is arbor day, but is a business day as usual.

legendary
Activity: 2338
Merit: 1035
Things feel strange... Huobi's volume is VERY low and falling... No TA postings in this thread... No exchanges have been robbed today... What is happening?

calm before the storm brother Cool

all bitcoin got is action and murder and plots u cant solve

hero member
Activity: 910
Merit: 1003
Things feel strange... Huobi's volume is VERY low and falling... No TA postings in this thread... No exchanges have been robbed today... What is happening?
hero member
Activity: 910
Merit: 1003
This may be of interest too: @rpietila claims that MtGOX had less than 70,000 clients, counting all accounts with at least 0.001 BTC:



MtGox leak analyzed

Code:
	69266	951441		
mBTC+ # #BTC avg
10 000k 5 130 809 26161,8000
1 000k 96 212 762 2216,2708
100 000 1266 318 490 251,5719
10 000 7291 219 331 30,0824
1 000 17851 62 630 3,5085
100 16389 6 834 0,4170
10 13675 528 0,0386
1 12693 57 0,0045


It seems that among the claimed 1 million Mt.Gox users, there was 69266 accounts with a balance of at least 1mBTC. In total, they were supposed to hold BTC951,441.

[ ... ]

=> Due to findings above ("j", median, and the fact that Gox had only 70,000 customers despite the claims), I will be prompted to revise the Bitcoin # number of users downward from the 2.0 million in the previous month.

EDIT: markup
hero member
Activity: 910
Merit: 1003
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
legendary
Activity: 1106
Merit: 1007
Hide your women
All these people that say that they like charity fail to take into account one simple fact: The US Government has to be about the single most inefficient charitable organization in the history of existence.

Also, if they like charity so much, then why dont they (and others like them) provide the necessary donations, if they're so sure that you won't. The answer is, because they think that you'll end up contributing more than they will, or that they'll get something out of the bargain as well.

This is why a socialist state is fundamentally unsustainable, because everybody wants someone else to be putting in more than them. So, in order for everybody to be satisfied, money has to come from thin air. Some states have chosen to steal from others to come up with this, but the US has chosen to borrow.

Government borrowing is stealing. The loans come with promises to repay by taxing future generations. Talk about taxation without representation. Borrowing is popular because children don't vote.


It seems that you are missing some essential elements in your quick rendition of the facts and the ramifications of borrowing or printing.

In essence what has happened since about the 1980s is that the US Government has increasingly let the rich off the hook.. by decreasing and decreasing taxes... .accordingly, instead of taxing them, the government borrows from them... which is really a bunch of bullshit.

Certainly, many of us here agree that there are a lot of messed up aspects in the current arrangement and how our tax money is being used.  Also, regular people are having to bear more and more of the burdens of failure to tax the rich.

It's not an issue of rich vs. the poor. It's an issue of people who use and threaten violence to get what they want and people who don't. There is less wealth disparity in societies with less coercion. 

Wealth disparities have more to do with regulating and taxing the rich and the companies... rather than questions about coercion... You are really myopic and misplaced in your thinking if you are wanting to view the world through levels of coercion.. and then in the end your conclusions do NOT even seem to correlate with reality.... they are pure speculation with what appears to be your own definition(s) about what constitutes coercion.

You are putting in a lot of effort into not seeing the gun in the room.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

So my question to you is whether you know of any examples in which these assurance contracts have been applied in the real world  (NOT just hypothetical).


https://www.kickstarter.com/

Like I suggested, you have NO examples.  Let's discuss again in 2-5 years or however long it takes to run a few pilot sessions of these assurance contract scenarios.  Hopefully, when we discuss NEXT time, you will be able to provide examples of actual public entities, such as cities, counties, states or nations that have implemented these kinds of arrangements in their treatment of various public goods, benefits and/or services or at least run assurances contracts through their measures.
legendary
Activity: 1106
Merit: 1007
Hide your women


oh really? So corporate welfare is not free riding or do you think they can't afford to pay either? Billionaire I.P. monopolists like software companies, movie studios and music moguls who use my tax money to enforce their copyright, trademark and patent claims aren't also free riders?

so I'm either ramming my charitable deeds up your ass or I'm uncharitable. I can't win with you, can I? The truth is you need to think I'm a contemptible person because that justifies stealing from me. This is the kind of dynamic that Statism engenders. It's a counter-civilization force. This is not civil discourse.


And you need to think that I am some government hypnotized sheep to avoid having to actually answer the question, when really I believe that government, especially in it's current incarnation, sucks balls. I'm just not nearly as convinced as you are that magical mystical libertarian land is going to be this god-send solution to the problem.

The fact is, if you're going to use the whole "voluntary donations" argument, then please tell me who is going to be donating, because I'm pretty damn sure it's not going to be the people who equate taxes with robbery such as you, regardless of whether their comparison is correct.

The donators will be a mix of genuine altruists and people seeking status as philanthropists, no doubt.

One thing I will say about you vs. a lot of libertarians is at least you flat out admit it's about the money. Most use their ideals as an excuse, you're not trying to kid anybody.

Of course, some of them generally hold the ideal that giving government money is bad, but I think those people would much more readily take the "buyout" theoretical offer I put on the table. At least then you know where the money is going, I suppose.


Octaft: 

I believe that you are giving Billyjoeallen much more credit than he merits.  I have nothing against Billyjoeallen as a person and I am sure that he is representing ideas that are shared by others; however, he is discussing matters in such a pie in the sky world that it is very difficult to take the various arguments and proposals seriously.   


Nah, I gave him just the right amount of credit. He did indeed say it was about the money. It doesn't make me agree with him, but I am acknowledging that he did mention that the money was the most important part to him.

The NonAgression Principle is the most important thing to me, but if you have a differing view on what constitutes legitimate property, then you could draw the conclusion that it's about the money.
legendary
Activity: 1106
Merit: 1007
Hide your women

So my question to you is whether you know of any examples in which these assurance contracts have been applied in the real world  (NOT just hypothetical).


https://www.kickstarter.com/
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