Show Idle (>14 d.) Chans
← 2022-01-13 | 2022-01-15 → ↓
PeterL: asciilifeform: arrows are just as easy as lines, just use drawdblarrow instead of draw. There are even options to control things like the angle and length of the arrowheads.
PeterL: I updated the article to show the version with arrows.
asciilifeform: PeterL: neato!
PeterL: I feel like I have barely scratched the surface of this, it seems like it has lots of potential.
asciilifeform: $ticker btc usd
busybot: Current BTC price in USD: $42887.43
asciilifeform: !w poll
watchglass: Polling 14 nodes...
watchglass: 71.191.220.241:8333 : (pool-71-191-220-241.washdc.fios.verizon.net) Alive: (0.111s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649 (Operator: asciilifeform)
watchglass: 205.134.172.4:8333 : (172-4.core.ai.net) Alive: (0.082s) V=70001 (/therealbitcoin.org:0.7.0.1/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 205.134.172.6:8333 : (172-6.core.ai.net) Alive: (0.081s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=718649
watchglass: 205.134.172.26:8333 : Alive: (0.141s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=718649
watchglass: 54.39.156.171:8333 : (ns562940.ip-54-39-156.net) Alive: (0.172s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 205.134.172.27:8333 : Alive: (0.145s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649 (Operator: asciilifeform)
watchglass: 208.94.240.42:8333 : Alive: (0.144s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 205.134.172.28:8333 : Alive: (0.144s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Return Addr=0.0.0.0:8333 Blocks=718649 (Operator: whaack)
watchglass: 54.38.94.63:8333 : (ns3140226.ip-54-38-94.eu) Alive: (0.262s) V=88888 (/therealbitcoin.org:0.8.88.88/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 94.176.238.102:8333 : (2ppf.s.time4vps.cloud) Alive: (0.363s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718421
watchglass: 82.79.58.192:8333 : (static-82-79-58-192.rdsnet.ro) Alive: (0.397s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718580
watchglass: 103.36.92.112:8333 : (terebe.ns01.net) Alive: (0.591s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 75.106.222.93:8333 : Alive: (0.485s) V=99999 (/therealbitcoin.org:0.9.99.99/) Jumpers=0x1 (TRB-Compat.) Blocks=718649
watchglass: 143.202.160.10:8333 : Busy? (No answer in 100 sec.)
asciilifeform: wholly unrelatedly to anyffin, on the off chance anyone finds himself in this situation, the only unit (of half dozen tested) found to work 100% was the 'SNAOC20V201A' by 'ruipro'.
dulapbot: Logged on 2022-01-09 22:10:04 asciilifeform: goes back to search for '4k' display-over-fiber cables that actually work, to run through the 25m conduit he had built on sat.
asciilifeform: the plugs get rather warm (not quite 50c) but seemingly to no consequence (at least in near term.)
asciilifeform: doesn't require external power supply, interestingly, unlike some of the cheaper chinesiums
asciilifeform nao will need similar item for kbd/mouse/serial..
asciilifeform: ftr the emitter is a 'gcs1964' kvmtron.
asciilifeform: ftr x2 ruipro's 'high end' green '8k' fibertron does work, but they fughot to implement the 'turn monitor off via gpu' thing, if you use it (and asciilifeform does, if simply cut power to displays -- e.g. winblows boxes 'fughet' order of displays) you will be disappointed
asciilifeform: the black (and 1/2 cost) '4k' cord -- worx 100%.
asciilifeform: ( for the innocent : this kinda thing is used if distance b/w emitter and display is in excess of 10m or so )
asciilifeform: unrelatedly, received a tip that old lulcow mike hearn has reemerged as a 'covid skeptic' (dollars to doughnuts, in role as reich provocateur/tame oppositioner)
asciilifeform: ( for the innocent: that fella )
dulapbot: Logged on 2019-12-24 23:52:02 asciilifeform: shinohai: not simply arbitrary 'folx', but specifically continuation of nsa attempt ( of which hearn was public face ) to turn bitcoin into an item where 2 boxes actually forced to exchange packets directly for their operators to transact
mats: https://archive.fo/fnLek "NFT Investors Owe Billions in Taxes as U.S. Officials Crack Down"
asciilifeform: mats: lulzy. will be interesting to see wat happens when turns out that ~none of the moneys actually exist to be collected.
asciilifeform: (either cuz imaginary to begin with, or cuz spent ~immed. to replay in shitcoin casino)
asciilifeform: '“You don’t get to not report gains or losses because the IRS has failed to provide guidance that meets your expectations,” said San Francisco-based tax attorney...' << a+++
mats: heh
mats: "Some people aren’t aware they owe taxes quarterly and may already face penalties for just filing an annual return, said TokenTax’s co-founder, Zac McClure. " nuts
mats: i don't even want to know how quarterly taxes work
asciilifeform sadly knows quite a bit re how they work
asciilifeform: (usa) yer supposed to pony up at least 1/4 of whatcha brought in in ~prev~ yr
asciilifeform: ('estimated')
asciilifeform: after 1y, you pay (or, theoretically, refunded) the diff.
asciilifeform ianal, but subject to this torment, so knows basics
mats: ahh, withholding
PeterL: my wife (self employed) submits quarterly taxes. There is some formula to get a number based on the estimated tax for the coming year, essentially it replaces the auto-withholding from paystubs
PeterL: if you only owe a bit or get a refund, not having done quarterly submission is not a big deal. If you end up owing a bunch of taxes and you didn't send quarterlies then they charge you interest retroactively, iiuc
mats: since we're doing taxes again, https://taxbit.com/blog/cryptocurrency-trading-tax-loss-harvesting-guide this is available for at least another year, and ibkr charges low fees (0.12-0.18%) that makes it easier
asciilifeform: quarterly taxation in usa is largely for when yer 'paid in money' rather than part of a formal employment w/ a us-based co
mats: i think gemini activetrader is next cheapest, at 0.35% for trade vol under 500k usd
mats: and in other news, Fidelity suggested that a central bank might buy bitcoins this year
scoopbot: New post on Loper OS: "Pest" v. 0xFC.
asciilifeform: ^ ACHTUNG, thimbronion , jonsykkel , et al ^
asciilifeform: q's / comments invited.
asciilifeform made afaik all of the pending corrections, + moar
asciilifeform: incl. clarifications of 'getdata', 'addrcast', and hearsay broadcast handling.
asciilifeform: sect. 'fundamental mechanisms' revised as prev. discussed here.
asciilifeform: billymg (and any other mirrorists) : plox to update your mirror.
asciilifeform found already coupla typos, will fix'em in the 0xFB working draft in coming days.
asciilifeform in particular specified mechanism whereby messages will generally not find their way to stations which already have'em, substantially lightening load on deduplicator
asciilifeform: still need a working deduplicator tho, obv.
asciilifeform: grr idjit mistake in 4.2.3.3. Receiving a Broadcast Message: Common Epilogue -- final sentence oughta read 'or every member NOT in Rb' !
asciilifeform might need to issue 0xFB sooner rather than later, this is rather 'bomb'
asciilifeform: err, 'NOT in R'
asciilifeform will give folx time to write in w/ moar of these prior to cutting next ver.
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072917 << even if 100% prophetic, seems to point to even moar paperization than ever before, rather than less
mats: nothing wrong with paperization
mats: intro of the futures product that killed the dec2017 rally was a good thing
mats: bitcoin had no business going to 20k
mats: i don't discount the theory that there might be some conspiracy by fiatists to control bitcoin, but stuff like "buterin's waterfall" is a little on the nose imho, it lacks nuance
mats: i.e. there is http://logs.nosuchlabs.com/log/asciilifeform/2021-12-29#1070253 but also, we know that bitcorns are extremely hoarded, and that the ratio of trade volume to liquidity is enormous compared to other assets
dulapbot: Logged on 2021-12-29 22:23:58 mats: the 24/7 trading and liquidity is why volatility is so high, whenever the wind blows, folk can make emotional trades
mats: volatility is a structural problem, and sure, the rich and patient disproportionately benefit from it
mats: but its not remotely a problem for longs
mats: when large hodlers feel that it is no longer underpriced, more coins will move, and volatility will go down
mats: paperization isn't a problem, its a signal that the market is adolescent and maturing
mats: complaints about it remind me of musk and others who whine about tesla shorts
mats: reality is, if the thing is actually under- or appropiately priced, shorts are paying the longs, and the latter fucking loves it, its not a problem
mats: they want more shorts, not less
mats: bitcoin paperization was always inevitable because of the relatively low transaction thoroughput and fee market
mats: and the more paper products there are, the closer the market gets to accurately discovering the price
signpost: probably oughta differentiate the political paperization (i.e. not-your-keys-not-your-coin) vs derivatives markets which yes, oughta be driving price discovery.
signpost: but yeah, I don't in principle have any problem with folks betting on the future price of bitcoin. part of the process.
signpost: even on the subject of political paperization, assets are custodied properly every day.
signpost will never use such a thing, but doesn't usually expect to be "the demo" regardless of which is under discussion.
signpost: that said extracting usable coins from such entities works just fine. the goxes these days are pretty quick about withdrawals.
signpost: could even be that strong money *exacerbates* the fiat-driven market cycle rather than ending it, as gambler investment banks cycle between casino assets and bitcoin.
signpost imagines a cycle not unlike shitcoins and bitcoin between bitcoin and stocks, real estate, whatever can be tokenized.
signpost: maybe this game isn't even a bad evolutionary filter. eat too much risk, get deaded.
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072938 << imho the enemy's strategy is presently to 'raise it to stratosphere then drop outta plane' periodically.
dulapbot: Logged on 2022-01-14 18:17:42 mats: bitcoin had no business going to 20k
dulapbot: Logged on 2021-12-29 22:17:22 asciilifeform: usg's entire anti-btc strategy currently seems to reduce to 'turn it into speculative hell', lest it become the obvious go-to inflation shelter
asciilifeform: worx a+++ so far
mats: i don't think it works at all
asciilifeform: it worx in that btcusd aint monotonically tracking 'the real inflation'(tm)(r) and this effectively keeps out over9000 would-be buyers who would otherwise throw usg.stocks, real estate, etc. to junkyard and go 'full bore' btc
mats: doesn't suppress the price, it keeps breaking all time highs
asciilifeform: indeed, but on timescale of yrs
asciilifeform: whereas if yer a plebe saver, and anticipate possibly needing the fiatola at ~arbitrary time, btc volatility is perceived as lethal
mats: much is made of bitcoins as a 'democratic' phenomenon, and in some ways, it is, having started life (and gone to stratosphere) as a retail phenomenon
asciilifeform: (esp. considering that the exch rate uptick is taxes as 'income' if you -- plebe, who does not have with what to 'loss harvest' and play tax games -- sell)
mats: but that's fading, and its too bad if poor people weren't smart or early enough to hold
asciilifeform: separately from plebemarket, mega-orgs which operate on quarterly/yrly timescale also find 'too hot' on acct of the artificial volatility
mats: 'bitcoin isn't for the poor' -mp
mats: short termism is intellectual poverty
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072950 << this'd be the case if the paper products were not products of reich financial engineering, where scamola deliberately unprosecuted (in fact encouraged), and freshly printed fiatola is delivered by the traincar to the compliant perps
dulapbot: Logged on 2022-01-14 18:31:56 mats: and the more paper products there are, the closer the market gets to accurately discovering the price
asciilifeform: mats: in principle asciilifeform agrees. gotta ask the q of why folx still invest in reichpaper tho rather than btc. and the volatility is inescapably part of the answer.
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072940 << the smart/long-thinking folx, as mats in fact pointed out, aint letting go, because why would they (does it look like the printing press will perma-stop, ever? 'when hell freezes')
dulapbot: Logged on 2022-01-14 18:21:56 mats: i.e. there is http://logs.nosuchlabs.com/log/asciilifeform/2021-12-29#1070253 but also, we know that bitcorns are extremely hoarded, and that the ratio of trade volume to liquidity is enormous compared to other assets
mats: the printing press will stop when usd has competition
asciilifeform: has competition since '09. the only meaningfully different competitor is btc.
mats: rmb,eur,jpy are relatively quickly displacing dollar dominance
asciilifeform doesn't distinguish at root b/w the various fiatolas
asciilifeform: some print moar atm, some less, all effectively exactly same item
asciilifeform: toiletpaper.
mats: if bitcoin is really sound money, it will eventually put a ceiling on printing or else malignant fiat debasement will occur
asciilifeform: mats: what means here 'malignant fiat debasement' ?
asciilifeform: ( and, separately, how does mats picture 'ceiling on printing', when reich is ~100% powered by same, for past 100+y ? )
mats: people fleeing fiat for other assets and sound money
asciilifeform: happening for 100+y, this flight; and much of what lizards concern selves with is emplacement of minefields in the path of the fleeing
mats: reich is still flying on tailwinds of back-to-back world war winning
asciilifeform: from fdr's gold seizures to present-day antibtc shenanigans
mats: gold sucks, and it died
asciilifeform: sucked largely because vulnerable to lizarding : can't teleport it, or hide it in yer head
asciilifeform: bugs since fixed by btc
asciilifeform: the fundamental bug, however -- that it can be paperized, i.e. fraudulent 'musical chairs' promisetronic instruments passed off to the gullible as 'equivalent' to the real thing, is perhaps unfixable
asciilifeform: and is main thrust of btc control efforts afaik.
mats: sucks for the gullible, not my problem
asciilifeform: sucks to a degree for erryone, in that there is not a deterministic algo for fleeing inflatola and consequently reich continues to steam along by stealing from ~erryone
asciilifeform: (and inexpensively for reich)
mats: everyone can custody their own wallets, in principle
asciilifeform: what folx can't so much do is to actually 'live in btc', and the continued success of the paper machine is the reason why.
dulapbot: Logged on 2021-11-19 11:19:42 asciilifeform: signpost: re 'why pest' -- asciilifeform is a btc aficionado of the (nearly extinct, possib.) old school -- would like to live in world where can get paid in uninflating, untaxable coinz, and buy necessities of live in same. doubt that anyone living nao will live to see such thing, but asciilifeform specifically interested in work which could make it at least conceivable.
asciilifeform: megavolatility makes conducting day-to-day biz in pure btc largely impossible for afaik anyone.
mats: sure
asciilifeform: hence wai turned into casino (for 'txers') and 'hoard' (for 'hodlers') with no '3rd option'
mats: all anyone can do is bide their time until the game changes
mats: i.e. 18-19th century style redrawing of maps
asciilifeform: i.e. until 'victory'.
asciilifeform 'hodl' until victory/death.
asciilifeform: asciilifeform's arg upstack is that btc paperization aint some kinda 'healthy ecology of price discovery' but rather organized enemy action with a clear purpose of preventing migration of day-to-day economic activity to btcism
asciilifeform: and peculiarly effective, at that, even among 'black market' folx (most of whom still rely on usd and spampaypals)
asciilifeform: what could set in motion 'victory', presently asciilifeform does not know.
mats: i get it and i don't agree, it is disorganised and it is perpetually on the back foot
asciilifeform: organizedly disorganized, lol
asciilifeform: like all other reich activity
asciilifeform recommends his strategy -- of conducting biz in btc strictly to fill a hodl -- to others, but not under illusion that it is generally applicable
asciilifeform: a la 1940s 'buy victory bonds!'(tm)(r)
asciilifeform: it's afaik the only algo currently known for -- even partially -- 'checking out' of printola.
asciilifeform: yes, you can't 'eat' from it, must eat from 'day job'. but at least yer supplying a needed good/service to btc holders and if you live long enuff, can crack open that piggy.
asciilifeform: (or alternatively fill that of anuther supplier)
asciilifeform: operate, if you will, 'half-duplex' economy.
asciilifeform: if over9000 folx do this, before long the 'half' becomes 'full' duplex.
mats: maybe a cryptofiat pegged to bitcoins duplex economy
asciilifeform: wat's 'cryptofiat' ?
asciilifeform: (shitcoins?)
mats: yeah, tethers and stablecoins denominated in fiat
asciilifeform: from asciilifeform's pov shitcoins are simply ponzis (operated with the connivance of reich, which fails to prosecute'em)
mats: i can't imagine doing more than a fe tx per year after btc has matured, fees are too high
mats: few
asciilifeform: mats: the fees seem on-par w/ bank wire cost
asciilifeform: at any given time
asciilifeform never understood the 'fees too high' whines
mats: that's because the big hodlers don't move shit
asciilifeform: ( ever ship, by snailmail, a bar of au, or item of equiv. value ? how was the fee ? )
mats: and it can still cost $40-90usd when network activity is high
asciilifeform: imho this is a tired, old mikehearnism. fees are exactly right, irrespective of what they happen to be.
mats: i fully expect tx fees to hit $400-900 when 'victory'
asciilifeform: well when sandwich is 1000$ lol, then yes
mats: i don't have a problem with tx fees, its the cost to run the machine, but it'll never be within 3 magnitudes of visa
asciilifeform: asciilifeform's 'problem' with fees as they are is merely that they go only to miner, and not to the over9000 folx who gotta blow disk on storing 4evah the block
mats: and the floor transaction might be in the neighborhood of $10-20k
asciilifeform: the 'solution' to 'fees high', if one insists on 'solving', is for there to be over9000 signpost-style wot walletrons.
asciilifeform: instead of 'a' 'visa'.
asciilifeform: i.e. you go to yer l1 hawaladar.
asciilifeform: this 'problem' solved 100% by arabs in the 900s a.d.
mats: that doesn't scale
mats: whether you can trust your greengrocer with a tab is a personal matter
asciilifeform: scales enuff to power rise of islam etc
asciilifeform: and much of medieval commerce
mats: its a structural problem, western societies are mostly exceptionally low trust environments
asciilifeform: in fact , it's the only thing that scales; reich.visa dun scale (it is funded by continued theft on historically unprecedented scale, is the only reason it superficially appears solvent)
mats: lol what
mats: its said that people really know, what, 30 people?
asciilifeform: visa is powered by deliberately-enabled cc fraud, with merchants bearing the cost and passing it to konsoomer.
dulapbot: (trilema) 2017-07-13 asciilifeform: ( usgological 'economy' is structured so that the cc fraud is essential nutrient to it. hence the studious avoidance of anything even vaguely smelling of a final solution - e.g. genuine crypto, single-use cc #, etc )
dulapbot: (trilema) 2018-05-22 asciilifeform: the 'they hire somebody to make proper rsa card', it's a 'fried ice' hypothetical, tho. because the cc 'fraud' is a required element of maintaining the konsoomer 'purchasing' circulation the system needs in order to live.
mats: hawala scales for people that have both money and friends, family
asciilifeform: i.e. healthy human beings.
asciilifeform: (vs 'human-lite' bioengineering waste product of the reich)
mats: but most people don't have money or friends with money
asciilifeform: that there's wat to fix.
mats: not fixable
asciilifeform: make friends or live&die in startopologyschwitz.
asciilifeform: wotronics is the logical conclusion of the 'fix'.
asciilifeform: mats: could be 'not fixable', in which case great inca devours planet3 and eventually implodes, w/ consequent reversion to stone age. pray, then, for asteroid.
asciilifeform prefers to believe in possibility that -- fixable.
mats: great inca is how humans will leave this crowded rock
mats: sad, but true
asciilifeform: mats: yer posting from 1970s or wat
asciilifeform: sad to inform mats, sovok-1 went bust, and sovok-2 soon to follow.
asciilifeform: it aint flying you or i to alpha centauri, no.
mats: resource concentration is how some guy got together a crown dispensation to crew three ships for a suicide visit over water
asciilifeform: mats: this being so, the problem is the sharp drop in quality of available human material.
asciilifeform: yesterday's crown dispensations were for rockets, today's -- for yachts.
asciilifeform: tomorrow's will be for panem et circenses simply to keep the zombies from rampaging.
mats: maybe some hero figures out and distributes how to build an 'epstein drive' with a bunch of rocks and pig iron, idk
mats: seems unlikely
asciilifeform: right, and they fly over9000 ustards to proxima centauri where they can do the fractional reserve thing again and rinse&repeat, lol
asciilifeform: mats: ever read the strugatsky brothers ?
mats: maybe ustards get their own planet, chinamen get a red planet, argentines etc
asciilifeform: ( sovok-1 mega-sf writers; compl. w/ glorious communist galactic fyootoor )
mats: nop
asciilifeform: oughta. and there's a decent brit translation of the pertinent b00x
mats: what titles should i start on?
asciilifeform: their galactic wonderworld sank & depressed in keeping w/ fate of '80s sovok
asciilifeform: mats: 'The Inhabited Island'; 'Beetle in the Anthill'; 'The Time Wanderers'; 'Snail on the Slope'.
mats: okie
asciilifeform: much rec'd.
asciilifeform must bbl
mats: in book recommendations, i've been working through 'in the dragon's shadow', on china and relations with its se asian neighbors, http://asianreviewofbooks.com/content/in-the-dragons-shadow-southeast-asia-in-the-chinese-century-by-sebastian-strangio
mats: chinese dispensations are still fueling scientific progress, at any rate
asciilifeform: mats: 'we haven't gone full tard yet and intend to continue having mains current, even if with 1950s tech' is a++ but not imho correct to label 'scientific progress'.
asciilifeform: if they were building 440e9$ of working ~fusion~ stations, then yes, would say 'the chinese are bulldozing on with progress'
asciilifeform: '70s called and wait their 'progress' back, lol
asciilifeform clapped also for chinese lunohod but it aint 'progress'
mats: its slow, what can i say, but it moves
asciilifeform: tokamak has been ~same since 1st ed.
mats: don't be such a debbie downer
asciilifeform: still can't plug into it
asciilifeform will clap if could !
asciilifeform: dun see any symptom of +ev fusion tho , yet
asciilifeform: mats: dunno how old you are, but asciilifeform been reading effectively identical press releases for tokamak justabout since was oldenuff to read
asciilifeform: they dun seem to change.
mats: the chinamen are making the right moves, banning big tech opiates like always-on multiplayer games and humiliating tencent
asciilifeform: they at least seem to be keeping soviet state of art moar or less alive.
asciilifeform: which is a++.
mats: meanwhile usg is completely ignoring the d-meth proliferation problem
asciilifeform: possib. that problem oughta 'solve' in ~other~ direction
mats: one of the most important reads in 2021 on decline imo
asciilifeform: tabletop meth+xyz printer for all reich inmates, a la 'distributed defense' (how ? if knew, would say)
asciilifeform: then have all the folx who can't self-moderate od within the year.
asciilifeform: problem solved.
mats: anyway, good chat, cya
asciilifeform: 'night mats
signpost: mats: how do you square this and this?
dulapbot: Logged on 2022-01-14 19:54:38 mats: i get it and i don't agree, it is disorganised and it is perpetually on the back foot
dulapbot: Logged on 2022-01-14 20:15:35 mats: great inca is how humans will leave this crowded rock
signpost: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072969 << recall old threads re: the reich merely allowing a few nerds into the upper caste via bitcoin to circulate fresh blood.
dulapbot: Logged on 2022-01-14 19:32:47 mats: much is made of bitcoins as a 'democratic' phenomenon, and in some ways, it is, having started life (and gone to stratosphere) as a retail phenomenon
signpost: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072983 << even ruble inflation is supposedly lower than US atm.
dulapbot: Logged on 2022-01-14 19:39:24 mats: rmb,eur,jpy are relatively quickly displacing dollar dominance
signpost: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1073030 << lightning's not all wrong on this, just implemented atop segwit for no good reason.
dulapbot: Logged on 2022-01-14 20:04:04 mats: i can't imagine doing more than a fe tx per year after btc has matured, fees are too high
signpost: a "credible threat" to pay is as good as settlement if done correctly, counterparties can ratchet forward signed proposals on a disbursement of multisig address for a long time.
signpost: also possible there's a quick, highly liquid shitcoin chain that takes the cash role.
signpost: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1073050 << if it scales large enough for a few thousand people on earth doing this, that few thousand people will conquer for a long time.
dulapbot: Logged on 2022-01-14 20:08:32 asciilifeform: scales enuff to power rise of islam etc
signpost: honor's powerful technology
signpost: scales further than the honorable with the sword
signpost: but I'll be dead well before the walmart era ends, I'm sure.
signpost has considered that chinese fentanyl, meth, etc is in a confucian paternalistic way doing us a favor, in exactly this regard.
dulapbot: Logged on 2022-01-14 20:39:48 asciilifeform: then have all the folx who can't self-moderate od within the year.
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