All posts made by Bitmore in Bitcointalk.org's Wall Observer thread
1.
Post 16323523 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_14.57h):
lets see those walls
Based on the feds decision to hold rates
1) Confirms asset bubble to continue
2) No confidence in the US dollar
3) Gold, Silver and Bitcoin expected to rise
4) US dollar in free fall, base currency for trading countries down from 75% of world trade now at 45%
5) Yuan backed gold tipped to overtake US dollar as reserve currency for most nations and hasten US economic collapse
6) US debt $21 trillion dollars, 3.5 x larger than the GFC debt of 6 trillion dollars
not a pretty picture
Wouldn't this cause Bitcoin to fall? An INCREASE in interest rates would cause the stock market to fall, and Bitcoin would be a lifeboat, wouldn't it?
2.
Post 16576008 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_14.58h):
Weekend pump incomming!
These are the morning words I want to see after a full working week
Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion.
I mean the US government loves bitcoin, they got so much money out of it with those auctions.
They'll get even more from the ETF approvalBuddy, I
feel you are right, but I can't find the
facts that backs your saying.
Could you please
elaborate more about this ?
Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation
Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?
Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it
Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.
If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..
If the fed do not make money out of it it will not happen.
If the fed make money out of it it will happen.
The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy, and I suspect that might happen as the bottom falls out from under the dollar just prior to becoming totally worthless. Better than printing money to buy treasury bonds...
What the hell, why not both?
3.
Post 16576084 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_14.58h):
Weekend pump incomming!
These are the morning words I want to see after a full working week
Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion.
I mean the US government loves bitcoin, they got so much money out of it with those auctions.
They'll get even more from the ETF approvalBuddy, I
feel you are right, but I can't find the
facts that backs your saying.
Could you please
elaborate more about this ?
Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation
Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?
Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it
Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.
If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..
If the fed do not make money out of it it will not happen.
If the fed make money out of it it will happen.
The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy, and I suspect that might happen as the bottom falls out from under the dollar just prior to becoming totally worthless. Better than printing money to buy treasury bonds...
What the hell, why not both?
Enlighten me please, how the FED could benefit from
The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy
It may be the only lifeboat for wealth, other than PMs in a monetary collapse. If the Federal reserve is only dealing with dollars at the time then they will be left with nothing, other than possibly a new government sanctioned currency, but that may be to late to stop BItcoin adaption. A long shot?
4.
Post 16576202 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_14.58h):
Weekend pump incomming!
These are the morning words I want to see after a full working week
Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion.
I mean the US government loves bitcoin, they got so much money out of it with those auctions.
They'll get even more from the ETF approvalBuddy, I
feel you are right, but I can't find the
facts that backs your saying.
Could you please
elaborate more about this ?
Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation
Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?
Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it
Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.
If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..
If the fed do not make money out of it it will not happen.
If the fed make money out of it it will happen.
I'm a big fan of you, mymenace as both of us are Bulls
The question I want to ask to you now is, what do you think about the FED, will it make money from it or not ?
I say like 99.9% yes.
What you think ?
There are 3 sides
1) the politicians that believe in bitcoin (legit)
2) the politicians on the fence
3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.
When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks
and has majority of votes, Yes 100% fed will make money
and how will the fed
"PROFIT" make it up
you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are
real.....
The Feds profit is theft of wealth through devaluation. In order to remain in power that wealth will take other forms of property. Some day the dollar will be worthless. A real redistribution of wealth (if you please forgive the socialistic implications of the term which is not intended) is inivatible for those who can find the lifeboats for wealth.
5.
Post 16576504 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_14.58h):
so in essence a tax or making money on a bitcon ETF can be beneficial to citizens
it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed
in the current political situation it is evident to see good government policy outweighed by enormous bad government policy
therefore weighted to the decision
the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin
The government will make money through taxes, (hopefully done properly, probably a sales tax I would guess) but the fed won't be able to print Bitcoin, so it won't make money so to speak with Bitcoin, and it will force a more responsible monetary policy in both lending institutions and government spending since they won't be able to print their way out of trouble (2008/2009).
6.
Post 17503833 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
Stop pretending that the present technology couldn't handle large blocks.
Stop pretending you know what you're talking about. There are hundreds of independent developers busy writing and testing code and weighing and discussing all the possible options. Out of that complicated process it was determined that Segwit is our best option right now and that large blocks (>4MB) are too risky for the stability and decentralized nature of the network at this point. After Segwit is deployed it will also be safer to increase the blocksize as Segwit also solves the quadratic scaling of hashed data. Hard forking now to larger blocks without first activating Segwit and solving quadratic hash scaling is just stupid and you'll also never get consensus for that. So why don't you stop complaining about Core and actually look and try to understand what it is they're doing? The divide in the community is purely based on ignorance and conspiracy thinking.
atm the divide between miners and devs are based on insults and broken promises. the code is out, but 3/4 of miners won't run it. what's the way forward?
This discussion used to annoy me a lot. But I'm increasingly minded that the market will sort it out. Ultimately, bitcoin will fit into whatever niche the market deems it suits best. I don't think it will ever (for many years) be irrelevant, but it will settle into the place it deserves.
Big blocks, small blocks, the market doesn't care. If there's an application that is required and bitcoin doesn't suit that, something else will take its place for that sector. Bitcoin as it stands will become whatever it is best suited for. My best guess at the moment is that it will be a store of value and currency of settlement between other protocols that are more specialised, thanks to its network effect and proven security.
There's a saying you get the politicians you deserve. I feel it's much the same for bitcoin.
I agree. Bitcoin will have a market, the question is what? A currency? A commodity? A store of wealth? I think the latter two for now until the tax issues are dealt with; Spending bitcoin today like a currency, in the US, requires you pay capital gains on the price you spent it -vs- bought it. And that gets very complicated, unless our tax laws are changed.
So for now I see the main market for Bitcoin as a safety net, life boat, storage of wealth, especially in an inflationary environment.
7.
Post 17643802 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
Good morning Bitcoinland.
Still flat sideways in $880-$930 range... currently $924 USD (Bitcoinaverage).
Maybe the weekend will bring some real movement.
Elwar,
since you just applied Goodwins law to this thread, in a way that is completely unrelated to wall observing BTC/USD tracking. I will just ask you to do us a favor.
Please, do not never ever breed.
You've gotta cut Elwar some slack. I think he's American.
Americans seem to have a different definition of "socialist" from the rest of the world. Due to media brainwashing and perhaps a less-than-optimal educational system, many Americans seem to think that socialists and fascists are the same, rather than being bitter enemies. They don't realize that fascism is a right-wing phenomenon while socialists are left-wing.
They tend to call "centralized government" what the rest of the world sees as civil infrastructure. They also like to think of a heavily incarcerated civilian population and government data-mining as "freedom" or "liberty".
I think you are confused as to what is 'left wing' versus 'right wing'.
IF you use the scale of government control over the individual, and the sacrifice of individual rights 'for the good of the whole (collective)" then fascism and socialism are indeed on the same side as totalitarianism, as opposed to free market libertarians wanting as little government control as possible, thus gravitating toward anarchism, or no laws or government control.
There is a lot of revisionist history going on today. Hitler and Stalin were in fact allies,,, until Hitler betrayed him and invaded poland and headed toward Stalingrad and Moscow. In fact, the death camps were a Soviet design by some accounts. Stalin and the USSR was left of Hitler Germany, but both were far left of any free market, individual rights respecting democracy.
8.
Post 17643893 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
https://www.youtube.com/watch?v=XO6-nuk0UhAAnd these are also educational as to the nature and history of Socialism in the Russian's own words and viewpoints;
- A great story of the Russian/Bulshevik REvolution;
https://www.youtube.com/watch?v=RESCAwRKvck-And the true nature of Socialism, forcing man to conform to the collective, this one is particularly depressing:
https://www.youtube.com/watch?v=uKMnqd5Pp5U
9.
Post 17643949 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
I wasn't trying to define 'republican' - I was defining 'left-wing/right-wing'.
The term comes from the French legislature after the revolution, where the Monarchists sat on the right side of the corridor, and basically everyone else sat on the left.
As I said, when people use the term 'right-wing' nowadays, they are usually using it as a synonym for conservatism in general, or, in the US, as what they perceive the Republican party to be - but I think we can both agree that the Nazis were not in any way conservative, and had no political similarity to the US Republican party at all.
The Nazis were right-wing only in the original sense, as were the Monarchists. The Nazis believed their racial group was naturally superior to others, just as Monarchists believed their family genetics were superior and entitled them to rule.
Indeed. The distinction between "right-wing" and "left-wing" has been open to debate for a long time.
Remember the Political Compass? They at least tried to differentiate between fiscal conservatism/liberalism and social conservatism/liberalism.
https://www.politicalcompass.org/As I mentioned above, many define "left" and "right" in relation to the amount of freedom and individual rights and liberty they have, the extreme of that being anarchy on the right of the scale, - and totalitarianism on the left. The Soviet Union and Red China, Cambodia, Cuba, and many more, including NAZI Germany and Fascist Italy, are examples of the left and the sacrifice of human rights for the sake of the people.
Now I also am not advocating anarchy, I am just point out another scale on which 'left and right' is determined.
10.
Post 17644057 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
Now I also am not advocating anarchy
I am. I don't think people need rulers in order to get along.
I admire the idea, which requires a morality and respect for truth, but without the existence and enforcement of law individual rights would again be sacrificed to mobs, bullies, cartels, and bullies in general.
Now I am a fan, so don't get me wrong. I want the smallest government possible, in order to protect individual rights of individuals, and I see centralized ANYTHING as evil in outcome, but humans aren't ready for no laws and enforcement,,,yet.
11.
Post 17644577 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
Now I also am not advocating anarchy
I am. I don't think people need rulers in order to get along.
In principle I couldn't agree more, but we are dealing with humans here, and some 'authority' has to determine if, when and who those principles are being applied to.
It assumes no evil doers.
What happens when someone unjustly claims self defense? Someone has to enforce the principles, is my point.
12.
Post 17644619 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.02h):
I agree JJG. I can't get away from the feeling that something big is coming, and it does look more likely that the breakout will be upwards. I'm fuelled up
I think something very big is going to happen. Unfunded liabilities like SS, Medicaid, Medicare, and the shaky ground that a couple hundred TRILLION of $ of bank derivatives balance on... On the radio just today someone was claiming the EURO was going to collapse within 18 months. Also several Euro-zone countries are either thinking of exiting, or possibly experiencing a economic collapse. In addition, dozens of other countries are on the economic edge of collapse. This could all fall apart quickly, Gold could be confiscated again, in==at which point Bitcoin is not going to the moon, but Mars.
Very bad, but not for those who invest in the financial lifeboat for value.
Sad, but...
We will laugh as the world burns!
13.
Post 20597984 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.16h):
bch LOL
BITCH FORK WEEEEEEEEE!!!
Oh yea!!! Fork that BCH!!!!
14.
Post 21464619 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.19h):
Fellow Bitcoiners salute Most Illustrious Comrade Kim for
blessed successful underground anti-yank bomb testing.
HAHAHAHAA
How big is your dick TR
UAMP
Bigger than a Nimitz class carrier!
The world may burn, but bitcoin will make us rich!
And I might be so bold as to suggest some nuclear hardened, radiation sealed vacation properties in New Zealand!
15.
Post 22049923 (copy this link) (by Bitmore) (scraped on 2020-04-04_Sat_15.21h):
But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.
I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.
I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?
I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others.
Lotsa lotsa others. A different take on the mantra
unstoppable.
I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.
The simple essence is the following:
*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist
Bitcoin just has to represent an alternative. That will be enough to succeed.
From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.
Bingo!!!
GOOD MAN!!!!
You won the post of the week!!!
So there are some very obvious truths that you mention.
There is also FUD from people who have an agenda which counts on FEAR.
I am HODLing!!!!!!