Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Prepare your ass for sub $200 coins!
ymmm, sounds promising, but we need some FUD newsThere should be more than enough FUD news in the shitload of new threads started today by newbies with random user names like FW8Dt5, Jd19bW, C6H68g, and ALlYg8. I haven't got round to reading any of them yet because they all look like the work of the same person whose choices of user names are so random that they would make good passwords.
It's one of lambie's new hobbies.
Yup. 24/7/3666
All the world was asleep. Only Baba Yaga sat awake, in her creaky rocking chair, scowling, gnawing on a bone...
BTW, re. overpriced coffee: Bitcoiners think that the cost of a cup of coffee is (the price of coffee grounds) + (usurious profit).
The thought that (price of coffee grounds) = (insignificant, compared to the overheads) never enters the mind.
No wonder you think that trustless blockchain is going to save banks billions quantillions of $.
Yeah, there´s probably staggering overheads, making a cup of coffee is such a complex operation that you probably need extremely high paid staff.
https://finance.yahoo.com/q/is?s=SBUX+Income+Statement&annual
Total revenue 19,162,700,000
Cost of revenue 7,787,500,000
Gross profit 11,375,200
"While the Costa Rica Finca Palmilera beans which went on sale at select locations recently are expensive they come from a relatively rare cherry of the Gesha tree the 16-ounce cup should cost just one dollar more than a regular cup of coffee, including the companys overhead, says James Freeman, owner and CEO of Blue Bottle Coffee. (The price of Starbucks regular Grande coffee is $2.20 in New York.) Freeman should know: his chain also charges $7 for a similar cup of Gesha coffee. In fact, an 80% markup is standard in the coffee business on the higher-end brews, he says. Joseph Brodsky, founder and president at Ninety Plus Coffee, which supplies beans to coffee shops in 30 countries, says the new coffee only costs Starbucks an extra $1.30 per cup."
Fortunately for us bitcoin is even more addictive than caffeine.
So they pay seven dollars for a cup of coffee that is rare. Or rather that they think is rare because someone tells them that it´s rare. That makes sense.
