#pest | 2023-03-12

billymg[asciilifeform]: looks like there's been a ~$200 spread between binance and coinbase for the last day or two

billymg[asciilifeform]: possible due to USDC (the usg's "stablecoin") getting dumped on

signpost[asciilifeform]: seems like the exchange rate has to crash near-term if there's going to be a bank panic.

mod6[asciilifeform]: yellen: 'no bailouts'; tell_me_more.jpg

signpost[asciilifeform]: to actually buy BTC with company store credits you have to be able to get the company store credits onto the fake exchanges

signpost[asciilifeform] hoping for an 8k-10k splat at least

signpost[asciilifeform]: after that, USD may resume its death throes

mod6[asciilifeform]: re: company shitcoin -> fake exchange; bingo

mod6[asciilifeform]: will make for an interesting 'beware ides of march'

signpost[asciilifeform]: reminds me to do my taxes

mod6[asciilifeform]: im somewhat suprised that von hindenberg didn't want to take ltcg to >40%, figured he'd be clapping for 80%

mod6[asciilifeform]: as if it all isn't savage enough

mod6[asciilifeform]: these guys are like, 'oh .ru giant mining farm? sell 40k and crash market. that'll do it.' herp.

mod6[asciilifeform]: aka '.ru has bomb? np, just crash the U market, that'll fix.'

mod6[asciilifeform]: re: 8-10k, moar for us! make #bitcoin-assets great again!

mod6[asciilifeform]: (for those souls who remember the ole p2p days)

dulapbot: (asciilifeform) 2023-03-12 asciilifeform: ftr ^ lolbug: reich.dst-induced crash in ping/pong, apparently erry yr!

asciilifeform: billymg: pheature req : if yer bot aint logging #a, plox to disable, when you get a chance, link munging for same.

asciilifeform: (atm these end up pointing into limbo)

billymg[asciilifeform]: yeah, it's annoying, i just now had to go manually copy/paste that link from irc

asciilifeform: not so much happens in #a these days; but 1ce in a blue moon, n00b appears, or the like.

asciilifeform: ( and mats still sitting there, for whatever reason, and iirc BingoBoingo came up for air last yr )

billymg[asciilifeform]: will have it done in the next few days

awt[asciilifeform]: Signature bank shutdown with $240m in deposits from Coinbase.

billymg[asciilifeform]: based cz continuing to btfo nato trannies

signpost[asciilifeform]: shit's getting hysterical out there eh?

awt[asciilifeform]: Tried to shutdown the onramps to btc - ended up insuring all bank deposits up to ∞