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

[Richy_T]

Amazon EC2 is mostly used to host scams, spambots and that sort of thing.

Haha, no. I'm sure there's a lot of that going on but there's a whole lot of legit stuff going on there also. If you drop traffic from there, be prepared for some stuff you take for granted to break.

[686f646c]

Based on their observations that the months of May, June and September show no earnings the authors conclude that it was likely that the Dread Pirate Roberts was using a different computer than the one seized by the FBI to store bitcoins earned from the Silk Road during these months.

The authors also note that based on estimates that the Silk Road marketplace generated sales revenue of more than 9.5m BTC with an average commission rate of 6.67%, that the Dread Pirate Roberts earned a total of approximately 633,000 BTC, or only one-third of the bitcoins identified by Ron and Shamir in Table 1.

In other words, the FBI only seized 22% of Dread Pirate Roberts’ total bitcoin holdings.

http://www.coindesk.com/pirate-treasure-resurfaces-bitcoins-first-academic-workshop/

according to this research, dpr still has 488k coins (mark hodling for him? )

[Richy_T]

so save me hours upon hours of time and sum up the parts that are relevant to my issues, if indeed those books contain any.

If you are trying to say that you have provided me real answers specifically to the issues I brought up, please quote yourself, because I am actually interested and must have missed it the first time around.

Do your own homework. The principles have been summarized many times already in this thread which probably already has many people reaching for a length of rope. Either you want summaries, which you have been given several times over, or you want more detail which can be obtained from the works of many eloquent and considered writers. Pick one.

[dreamspark]

according to this research, dpr still has 488k coins (mark hodling for him? )

Didnt you hear, DPR bailed out gox after they lost all their coins in 2011. Now DPR isn't around anymore Mark has taken the chance to run with his coins

[686f646c]

I have written several times what is my opinion of bitcoin. Please read it (you may be even more disappointed then).

No, I have no interest in sociological research on the bitcoin community. 

And yes, I have a PhD in computer science, that I got by asking stupid questions.

How I Quit My PhD And Went Full-Time Bitcoin - Ryan X. Charles

[Richy_T]

Frankly I would not want those people working for me.  I think everyone is better off if they are bribed into staying out of the workforce.  The reason is the same as the reason why the argument that market-based minimum wage is better than mandated is so bogus:  Lots of people have negative productivity.  No matter how hard they try, they will do more damage than good.  GHWBush, and BObama for example.  Would you want either of them making you a coffee?  Blech.

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

[Richy_T]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Heck, there's nothing to say that Unions can't see the writing on the wall and clean their act up. Of course, it helps if your competitors self-destruct (c.f. the British car industry).

[octaft]

Frankly I would not want those people working for me.  I think everyone is better off if they are bribed into staying out of the workforce.  The reason is the same as the reason why the argument that market-based minimum wage is better than mandated is so bogus:  Lots of people have negative productivity.  No matter how hard they try, they will do more damage than good.  GHWBush, and BObama for example.  Would you want either of them making you a coffee?  Blech.

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

People that say stuff like this sound like they subscribe to the Just World fallacy, for this case specifically that every problem someone has stems from themselves, and that you can't possibly be struggling if you're working hard. It's a lie some people tell themselves to make them feel better, usually out of either a fear of it happening to them, believing that it cannot happen to them, or believing that since it has never happened to them, the poor must be doing something wrong. Every ex-CEO probably subscribed to that theory until they had to start delivering pizzas.

Either that, or you have a heavy and unwarranted disdain for poor people, but I'll give you the benefit of the doubt.

[aminorex]

Problem is, if you pay them not to work, all there is to do is stay home and breed. And now you have five people to take care of instead of two.

You're such a long-term thinker.
"A new life awaits you in the Off-World colonies. The chance to begin again in a golden land of opportunity and adventure. New climate, recreational facilities.....absolutely free."
We should ram one of the ice moons of Saturn into Mars to kick-start a terraform.

People that say stuff like this sound like they subscribe to the Just World fallacy.

Whether your productivity is positive or negative doesn't depend on whether you are rich or poor. 
There are plenty of rich people who could be pruned from the gene pool, and we'd all be better off for it, according to most prevailing value systems (not all).
It's certainly easier to get richer if you have positive productivity, but that's stochastic too.

[JayJuanGee]

I like this voting stats

We can clearly see our community are rather optimists

700$ will come soon!

♥BTC

I voted yes in part b/c the question is so vague.. will BTC reach $700 "soon?"  "Soon" can be widely interpreted... end of the day or within the next six months. ... I think it would have better to specify when that "soon" is, which may change some responses to no.

[jojo69]

You stay classy Leah, you crazy old thing..

recklessly endangers timid retiree by doxxing

gets doxxed...enter /b/

expresses moral outrage

this all adds up   

[octaft]

Whether your productivity is positive or negative doesn't depend on whether you are rich or poor. 
There are plenty of rich people who could be pruned from the gene pool, and we'd all be better off for it, according to most prevailing value systems (not all).
It's certainly easier to get richer if you have positive productivity, but that's stochastic too.

He is specifically talking about people getting "paid not to work." If you are rich, you do not need to be "paid not to work," as he puts it, so I fail to see how your point applies.

I personally see it as providing assistance until someone can get back on their feet, but then again I do not lie to myself and say that it could never happen to me, and I do not lie to myself and say that it is always their fault they are suffering.

Will people abuse this system? Sure. Am I willing to let children of families who legitimately need it starve because of it? Nope.

[octaft]

  In this welfare state the more they breed, the more they're paid.  5 kids? congrats, you make more than the working poor.

How much a month in total cash and food benefits do you think someone with 5 kids gets paid in the US?

EDIT: You guys are defending your arguments with ill-conceived judgments of how struggling people live. I think that a lot of you believe what you believe because you have no idea how things are really going down among the poor and struggling. Some of you still have images of welfare queens eating caviar dancing in your head.

[alexeft]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Is that why Crapwagens break all the time?

[jojo69]

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Is that why Crapwagens break all the time?

oh come now, all manufacturers have better and worse efforts, the mid 90s golfs and jettas remain some of the most reliable vehicles ever produced


that said, as I have become older I have realized, depressingly, that absent the threat of starvation all too many people will refuse to do a god dammed thing

[hdbuck]

You stay classy Leah, you crazy old thing..

recklessly endangers timid retiree by doxxing

gets doxxed...enter /b/

expresses moral outrage

this all adds up  

what would be awesome is someone doxing where she is actually hiding so she at least get to experience the pleasure of what she has put Dorian through

[JayJuanGee]

Overall, I think it's much cheaper and more permanently effective to just hunt down miners and kill them until you can easily do a 51% attack.

Why is it that the easy/direct solution to so many problems is to kill people?

bc you are a PSYCHO   

[JayJuanGee]

Does this thread actually contain any bitcoin specific information at all any more?  
Apart from a half-hearted CCMF here and there, the off-topic discussions seem to have increased by about 10000%.

I dare even say that the only thing that has a larger gain percentage-wise over time thant bitcoin itself, is the amount of off-topic discussion in this thread.
But I even now predict that off-topic discussions are a bubble. They will have a peak, and then crash towards 0 !!!! So better stop it now, before it's too late!  

Earlier in the week, I responded to one of the posts about the Mt Gox hacked information, and I said that I could NOT figure out the data b/c dates of the data were NOT contained therein.  MY POST WAS REMOVED b/c it was supposedly off topic.

[Todorius]

I have written several times what is my opinion of bitcoin. Please read it (you may be even more disappointed then).

No, I have no interest in sociological research on the bitcoin community. 

And yes, I have a PhD in computer science, that I got by asking stupid questions.

How I Quit My PhD And Went Full-Time Bitcoin - Ryan X. Charles

I've got a PhD in theoretical physics and I can tell you guys the following.
As a physicist, it is my desire to understand things on a fundamental level, how the universe works, and create models which make valid predictions, veryfied or falsified by experimental data.

I haven't got a PhD in computer science, however, I came to realize that bitcoin is so fascinating, that one has to be a fool to neglect the consequences
that arise from this technology.
My knowledge of programming and computer science may be limited, but one must be quite narrow minded not to see the broader picture here.

There will always be people who will not see the promise of a new technology, but dismiss it as a scam, that it will never work, etc.

The same arguments again and again.
People said the alternating current principle of Nicola Tesla was inferior to Edison's continuous current. We know how that worked out for Edison.
Similar people said the internet is just a passing phenomenon. Now we certainly know the internet is here to stay.

Every breakthrough technology encounters severe opposition, also from so-called experts.
Those are the ones that are wrong most often, because they cling to old beliefs, which they cannot let go.
Even scientists, yes scientists, who should be rational and validate or devalidate only based on proof and knowledge, even they are only humans.

When Einstein came forth with his theory of relativity, there were many in the scientific community who opposed his theory, even though they were
experts, world renowned scientists.
And Einstein himself, genius as he was, never could accept the fact that quantum physics was a valid theory. He famously said: "God does not play dice."
Because of the probabilistic nature of Quantum mechanics. Even he could not let go of old beliefs. And he was a true genius.

Well, long story short:

People can't let go of old beliefs, they cling to them.

I for one believe that bitcoin is something much grander than we can even comprehend right now.

As humanity makes the transition from a type 0 civilization (the most primitive type of a civilization on the Kardashev scale) to a planetary civilization,
bitcoin could indeed mark a step towards a global economy. Everything becomes globalized and digitalized, so why not currency? Bitcoin is a normal step
towards a digitalized world economy.

Just my two cents on the topic, and now I'll be silent again and leave the debating to others.

P.S: CCMF !!!!!

[ErisDiscordia]

People that say stuff like this sound like they subscribe to the Just World fallacy, for this case specifically that every problem someone has stems from themselves, and that you can't possibly be struggling if you're working hard. It's a lie some people tell themselves to make them feel better, usually out of either a fear of it happening to them, believing that it cannot happen to them, or believing that since it has never happened to them, the poor must be doing something wrong. Every ex-CEO probably subscribed to that theory until they had to start delivering pizzas.

Either that, or you have a heavy and unwarranted disdain for poor people, but I'll give you the benefit of the doubt.

You don't need to subscribe to the just world fallacy, nor have a disdain for poor people to want to abolish government involvement in social security. You might be of the opinion (as I am), that social security would probably better be handled if the government wasn't involved. Private individuals would have more disposable wealth to share with others, if the government would refrain from taking half of their income for starters.

Like you describe the just world fallacy as an attempt to come to terms with ones own (presumably comparatively well-off) situation compared to the situation lots of poor people find themselves in. The same thing can be said about wanting the government to take care of social security. That way when you walk down the street and see a beggar in torn clothes you can think to yourself that it is none of your business. It's the job of somebody else to take care of this problem - we have experts for that. Relying on government (or other institutions for that matter) to take care of the poor shows more disdain for them than advocating the stance that we are all responsible on an individual level. And if you are OK with living in a world with lots of poor people - fine then. But if you're not, don't stand around crying for somebody to do something. Inevitably some politician will hear your cry and do "something" and we all find ourselves wishing he hadn't done anything At least give that beggar a dollar yourself or treat him to lunch or a haircut or whatever. Give him the feeling that he is a human being, too! That's what people need the most anyway. A bureaucrat won't give him that.