Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32626. (Read 26623454 times)

hero member
Activity: 826
Merit: 508
*sigh*

Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a  space lizard being remote controlled by a geostationary Illuminati satellite?
(raises hand)

People get pretty animated re "economic collapse!" on these forums. I guess I was the same way when I got into right-libertarian theory years ago. I now know not to underestimate this system's capability for sustaining the unsustainable. We're always on the brink around here, though!  Cheesy
sr. member
Activity: 371
Merit: 250
The only thing that shocks me is that any of this is news

Exactly the same sentiment here. How is this news? Like the Prism program... Or the Wikileaks "shocking discoveries"....

Or tapping all the telegraph lines, In 1864.
Operation Five Eyes, since the 1940's

Ever wonder why the NSA decided to farm out their semiconductor manufacture instead of doing it in-house? They own that shit.

They have gone far far away from my wildest nightmares. They have corrupted it absolutely. When they started jailing zimmerman, they got a NO to their sick chip, but they have continued doing it more than ever jumping over not some but all the rules around. Some time ago when the internet started you could not even place an ad on a webpage or internet users would get angry and attack you because people were passionate about the new "nation" that internet was. It was another world. A new world. Slowly, slowly they have converted the library of humankind, the biggest discovery of humankind in the most sick spying shit never invented. We thought it was another type of world but law after law, lobby after lobby they just won.

I am not the only computer specialist shocked, there are many famous techies out there absolutely shocked about what they have done with the computer industry. Thousands of highly skilled technicians have designed, created and recommended the cloud. Thousands of security experts have been working for years to make cryptography the most secure possible. Were they idiots, evil or they just could not fathom the hidden nature of NSA like the rest of the world. Maybe they should have talked with you.

When they were approached by them, most just rejected to follow and they have been persuaded. In the computer industry there has been a lot of passion, starting by innocent people, with a lot of lack of knowledge of the true nature of our masters. A 20 year old cannot even comprehend the vomit that is inside the brain of the oligarchy. Something really beautiful was being created. People had confidence in yahoo, in google, in wikipedia, lately the cloud was also the place to go and there was (there is still) a movement to reduce costs moving to "the cloud" (recommended by many computer experts). Nobody thought they were that far. We knew that britain and Us were friends but not that they were spying on each other just to avoid the laws of their respective countries, their allies. That they would just avoid the health privacy, the banking privacy, their own constitutions, just to sell the information to the better buyer.

Now even if you use something as innocent wikipedia they have converted it into something awful because they know what you are researching and when...

The nature of the computer industry and the net has not been just bad, it has allowed a level of communication and of knowledge that we did not have before. We were condemned to traditional media. Now you have hundreds of alternate media in web pages, youtube and many others that allow people to communicate and know the true nature of the beast. We were not talking in the other case.

Do we? Or does the guardian hold anything much worse?

You knew everything  from the beginning in all its depth 3 years ago in all its dimensions like we know now? Good for you.


legendary
Activity: 1470
Merit: 1007
yes..  inflation can happen fast when it happens, but we aren't always going to know when.

The onset can be swift:



The macro also matters but is a bit more complex and sometimes counter-intuitive.  When the rates rise, it encourages bond buying (which other central banks do to "back" their currency with our debt), this increases the dollar forex rate, which in turn decreases the cost of imports and makes exports more difficult to sell, which hurts the balance of trade, reducing economic output, but requires the US to become more efficient in order to compete, so we build infrastructure on borrowed money all of which gets dumped into the deficit, hastening the inflation curve.

The last few (every 30 years or so) shows the USA may be overdue...

Also notice that the lower it is before the spike, the higher the spike...

*sigh*

Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a  space lizard being remote controlled by a geostationary Illuminati satellite?

Anyway:

WWI. WWII. Oil crisis.

Not that we don't have our own set of crises now, but we would probably be able to see runaway inflation coming. Not years in advance maybe, but not being completely taken by surprise either.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
All you need to know is mortgage loans in the US fluctuate based on bond yields. So if average dumb, fat, walmart employee, American wants to buy a house, s/he is greatly limited by the rate on the 30 year loan. A single percentage point can raise monthly payments quite a bit. Home owners must lower the principle to offset the portion of monthly payments attributable to interest.

It isn't pretty. Almost all large assets that require a loan will go unsold unless the holders accept massive losses.

*edit*

Another way to think about this is that it may force many inflated asset bubbles to finally BURST! Sounds good for bitcoin. Probably is, in the long run. But not until USA decides to hyper-inflate. You are a fool if you believe this is just around the corner, in response to bubble burstings. We will see more stagnation for a while, caused by more failed QE-BY-ANOTHER-NAME. Could last years. Govs don't hyper inflate but as a last resort. We have plenty of room to suffer!

yes..  inflation can happen fast when it happens, but we aren't always going to know when.

The onset can be swift:



The macro also matters but is a bit more complex and sometimes counter-intuitive.  When the rates rise, it encourages bond buying (which other central banks do to "back" their currency with our debt), this increases the dollar forex rate, which in turn decreases the cost of imports and makes exports more difficult to sell, which hurts the balance of trade, reducing economic output, but requires the US to become more efficient in order to compete, so we build infrastructure on borrowed money all of which gets dumped into the deficit, hastening the inflation curve.

The last few (every 30 years or so) shows the USA may be overdue...

Also notice that the lower it is before the spike, the higher the spike...
legendary
Activity: 966
Merit: 1001
Energy is Wealth
Close? What time does Gox close?

6pm.
I thought it was 7 on Fridays?       
No, at friday they close at 1300 already because they drink beer in the midday on friday's.
I thought gox was open at this times
 
hero member
Activity: 841
Merit: 1000
Close? What time does Gox close?

6pm.
I thought it was 7 on Fridays?       
No, at friday they close at 1300 already because they drink beer in the midday on friday's.
legendary
Activity: 1148
Merit: 1018
The only thing that shocks me is that any of this is news

Exactly the same sentiment here. How is this news? Like the Prism program... Or the Wikileaks "shocking discoveries"....
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
hero member
Activity: 605
Merit: 634
Close? What time does Gox close?
hero member
Activity: 686
Merit: 500
Ultranode
ok so the jobs report is pretty bad
but everyone seems to think the fed will go ahead and taper.
meanwhile china continues its US bond selloff
and bitcoin is trading with uncertainty, as the news of NSA ability to brute for you moms email, gets out.

Email was never, ever secure.

There is no spoon.
hero member
Activity: 686
Merit: 500
Ultranode
ok so the jobs report is pretty bad
but everyone seems to think the fed will go ahead and taper.

meanwhile china continues its US bond selloff
and bitcoin is trading with uncertainty, as the news of NSA ability to brute for you moms email, gets out.

That would be hilarious. Not sure Gov has the testicles. Get some popcorn.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
ok so the jobs report is pretty bad
but everyone seems to think the fed will go ahead and taper.
meanwhile china continues its US bond selloff
and bitcoin is trading with uncertainty, as the news of NSA ability to brute for you moms email, gets out.
hero member
Activity: 686
Merit: 500
Ultranode
10 Year Treasury Note is now at 3.01%: http://www.marketwatch.com/investing/bond/10_year

Can someone explain to me why this is really significant? What does this have to do with Bitcoin? I'm currently not seeing the relationship. Thank you.

as i understand it

this mean you can buy a 10 year bond that will yield 3% a year, this is not a half bad ROI for a zero risk investment, this will drive people out of the riskier assets(like bitcoin) and stocks.

thats the theory anyway.

lets see what really happens tomorrow in a few hours.

All you need to know is mortgage loans in the US fluctuate based on bond yields. So if average dumb, fat, walmart employee, American wants to buy a house, s/he is greatly limited by the rate on the 30 year loan. A single percentage point can raise monthly payments quite a bit. Home owners must lower the principle to offset the portion of monthly payments attributable to interest.

It isn't pretty. Almost all large assets that require a loan will go unsold unless the holders accept massive losses.

*edit*

Another way to think about this is that it may force many inflated asset bubbles to finally BURST! Sounds good for bitcoin. Probably is, in the long run. But not until USA decides to hyper-inflate. You are a fool if you believe this is just around the corner, in response to bubble burstings. We will see more stagnation for a while, caused by more failed QE-BY-ANOTHER-NAME. Could last years. Govs don't hyper inflate but as a last resort. We have plenty of room to suffer!
hero member
Activity: 686
Merit: 500
Ultranode
Trust in Numbers? No thx bitcoin. We haz lost the war of mathematics.
sr. member
Activity: 516
Merit: 283
Really discouraging news about the NSA. Really sad. I have loved computer industry for 30 years and now it is like i want to vomit of what they are doing.

Agreed. Makes me want to switch careers to something more humane.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1246
Merit: 1000
I'm one of the "select few" and I'll tell you. With the help of Sherlock Holmes, we've assembled a crack team who can break substitution cyphers in a matter of days, sometimes hours!

Think twice before encrypting your critical data with your secret decoder ring.


I really can't tell if you guys actually believe the FUD you are posting or if you are legitimately confused about how encryption, and more specifically, bitcoin work.

Anything that relies on AES encryption is compromised. Don't give me "yea but 256 takes so much longer to brute force than 128 bit" blah blah. If the US Gov has an unprecedented method to speed up brute force of 128 bit, they can surely use it on 256 bit.

*edit* re encrypting wallets ^

You kids have to start thinking outside the box.  Me & my cryptobuddies at NSA have been cracking SHA256 way before it hit mainstream. 
Mechanically Cool



What if the next release from Greenwald is that NSA indeed can crack bitcoin?
What would that mean? the ability to get any private key when they want?

Ultra-crash? China, Russia and most countries around recommending not to use bitcoin?

Not only that the US NSA has the slightest sense of respect for their constitution or the rights of others or that even if bitcoin cannot be cracked they are probably keylogging us to hell.
Russians are relying more and more on paper for their secret affairs due to the insecurity of computers.

Should the people of the world rely their savings on something that can be corrupted/cracked/keylogged by design?

Really discouraging news about the NSA. Really sad. I have loved computer industry for 30 years and now it is like i want to vomit of what they are doing.

If they can crack bitcoin they can also crack any bank account and your savings won't be safe anywhere. I doubt that is the case though.
Jump to: