dulapbot: (asciilifeform) 2022-09-13 copypaste: blatta/lib/client.py @ line 105
busybot[asciilifeform]: Current BTC price in USD: $21023.44
awt[asciilifeform]: ty, saw that. I suspect inherited bug.
awt[asciilifeform]: $ticker btc usd
busybot[asciilifeform]: Current BTC price in USD: $20835.34
awt[asciilifeform]: What a weird parallel universe where btc goes down on higher inflation.
asciilifeform: awt: considering that the exch rate is made ~entirely of goxcoin -- unsurprise imho
asciilifeform: ( goxcoin being an inflationary artifact, entirely analogous to 'paper gold', imho rather obv )
awt[asciilifeform]: prevailing explanation is that CPI is up because the covid response wrecked "supply chains," making the economy less productive, and everything more expensive.
asciilifeform: aaaha lol
asciilifeform: nuffin, naturally, to do with printer brrr, Officially
awt[asciilifeform]: On another topic, I wonder if blatta was running slowly due to the slow serpent implementation.
asciilifeform: awt: prolly contributes, tho afaik proximate cause was prod loop
awt[asciilifeform]: ah you saw that as well?
asciilifeform: aha
asciilifeform: sadly overwrote the dbg log, but still running that ver and expect will see again
signpost[asciilifeform]: how would you expect inflation to directly drive BTC price up?
signpost[asciilifeform]: the costs of other goods increasing and all other things being equal, there's less money to go chase an increasing amount of BTC.
signpost[asciilifeform]: think also about how much cheaply loaned printola is used in these goxes, whether they trade database-btc or stonks
PeterL[asciilifeform]: signpost: printolade distributed to people, they use it to buy btc, bitcoin prices rise?
signpost[asciilifeform]: the beoble went and bought more debt with the stimmies
signpost[asciilifeform]: but yeah, more stimmies would potentially drive up prices since there's an excess of dollars sloshing around
PeterL[asciilifeform]: or the other wy around: bunch of dollars printed, dollars now worth less, now I won't sell my btc unless somebody gives me more dollar
signpost[asciilifeform]: what happens to the dollar if you print 1tril of them but other currencies collapsing creates 2tril of demand for dollars?
signpost[asciilifeform]: I don't think any of this is as simple as "number of dollar go up, price of btc go up"
signpost[asciilifeform]: whole world's changing.
signpost[asciilifeform]: might even be official US policy to help those collapses along (via stoking wars and self-sabotage) to create inflation sinks.
signpost[asciilifeform]: "The dollar is our currency, but it's your problem."
signpost[asciilifeform]: plenty of room for overt manipulation of btc too. see also: paper gold
signpost[asciilifeform] curious how the BRICS currency lands.
asciilifeform: http://logs.bitdash.io/pest/2022-09-13#1012816 << a, except that most printolade is handed not to humans to buy mcphood, but to 'investors', to prop up 'markets' (and + to maintain the titled barons )
dulapbot: (asciilifeform) 2022-05-09 asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-05-09#1100745 << may encourage verisimilitude to realize that it aint in fact run 'with money'. oligarchs aint oligarchs 'because have money', they are simply deputies of the reich (typically, tho not always, 'titled nobility') to whom freshly-printed dough is simply issued
bitbot[asciilifeform]: Logged on 2022-09-13 16:33:16 signpost: the costs of other goods increasing and all other things being equal, there's less money to go chase an increasing amount of BTC.
asciilifeform: corollary to this -- part of the reason is specifically so that human-amoebas see 'stonks -- rising' and load up on ~that~ rather than btc
dulapbot: (asciilifeform) 2022-04-07 asciilifeform: i.e. to keep the amoebas from climbing the immediate gradient.
asciilifeform: http://logs.bitdash.io/pest/2022-09-13#1012823 << aaha, because not spray-painted evenly on whole planet (what'd be the point?)
bitbot[asciilifeform]: Logged on 2022-09-13 16:59:00 signpost: I don't think any of this is as simple as "number of dollar go up, price of btc go up"
asciilifeform: http://logs.bitdash.io/pest/2022-09-13#1012825 << traditional usg 'biz model'.
bitbot[asciilifeform]: Logged on 2022-09-13 17:00:51 signpost: might even be official US policy to help those collapses along (via stoking wars and self-sabotage) to create inflation sinks.
asciilifeform: 'printing press, brrr' is today what always was -- a confiscation machine, pumps from disfavoured (usd savers) to favoured (lizards, sublizards)
asciilifeform: http://logs.bitdash.io/pest/2022-09-13#1012821 << except where goxen magick additional 'btc' into existence and sell.
bitbot[asciilifeform]: Logged on 2022-09-13 16:40:06 PeterL: or the other wy around: bunch of dollars printed, dollars now worth less, now I won't sell my btc unless somebody gives me more dollar
asciilifeform: ( historically worked a++ with 'paper gold', equally worx for just about any other fractional-reserve scamola, incl. goxcoins )
asciilifeform: is how in '17 reich halted the 'explosive' rise of btc-usd exch rate -- by 'legalizing' goxism and placing it on central gosplan-style footing to (mostly) put a stop on uncontrolled 'bank runs' which might threaten demand for papercoin
asciilifeform: ( all current-day 'Official' goxen can be safely assumed to seekritly share a reserve piggy; this'd be the 'crown jewels' of their seekrit agreement with reich.gosplan, rather than whatever snoopings, tax collections, etc which moar or less erryone knows about at this pt)
asciilifeform: ( not to mention fact that in 'small print' of coinbase et al, one invariably finds 'in emergency, reserve the right to convert yer holdings to usd at the rate of our choice' etc )