crtdaydreams[asciilifeform]: it's insane to think that people actually buy the claims that "nono, we're not acktually going to put balls of plutonium on giant propelled sticks strapped to these fancy new sinking turds"
awt[asciilifeform]: !!ticker btc usd
deedbot[asciilifeform]: $25,131
billymg[asciilifeform]: !!ticker btc usd
deedbot[asciilifeform]: $26,422
billymg[asciilifeform]: is this the 30k waiting room?
awt[asciilifeform]: nicolas_cage_con_air.jpg
asciilifeform: reich: 1) engineer bank run, bailout, btc pump 2) waterfall 3) profit!111
bitbot[asciilifeform]: Logged on 2023-03-09 14:15:21 asciilifeform[4]: meanwhile, in misc. waterfall-refill lulz.
mod6[asciilifeform]: aha
awt[asciilifeform]: guy who made a random number generator is a fatalist lol
mod6[asciilifeform]: hahah, lot of historic accuracy to the waterfall tho
billymg[asciilifeform]: fine by me as long as the pump 20x -> dump 80% -> pump 20x -> dump 80% trend continues
asciilifeform: 20x?!
billymg[asciilifeform]: yeah, back in the olden days was even more
billymg[asciilifeform]: but march 2020 bottom ~3k to 2021 peak of 60k, that's 20x
billymg[asciilifeform]: 2017 did about 100x (trough to peak) before dramatically dumping
billymg[asciilifeform]: $200 -> $20k
PeterL[asciilifeform]: +20x -80% = 4x overall, right?
billymg[asciilifeform]: PeterL: at the bottom, yes
billymg[asciilifeform]: so let's see if it can make it to 300k this time from the 15k bottom
asciilifeform: 300k easily -- but after sandwich.
dulapbot: (alethepedia) 2020-10-11 asciilifeform: thimbronion: the altcoinists -- sure . but i was speaking of the fact that the exch rate prolly aint growing another 0 -- or rather, not w/out the dollar price of archaetypical sandwich also growing a zero.
billymg[asciilifeform]: more like sandwich up 2x btc up 100x, roughly
billymg[asciilifeform] still believes over time bitcoin 'climbs the gradient'
asciilifeform: billymg: would luvv to be wrong about this, but afaik would require something to interfere with 1 or more of reich's mechanisms for 1) counterfeit coin (via goxpaper), as req'd 2) steal coin, from various 'silk roads' 3) dump (1) and (2) on markets
asciilifeform: so far these worked quite well, which is why no repeat of 2017 etc
billymg[asciilifeform]: asciilifeform: i know you stay away from all heathen pits but from my cursory look at twitter post-ftx collapse quite a few average retards started to realize that withdrawal to own keys is necessary
billymg[asciilifeform]: that operation in fact may have done more long term harm than good for usg and co
asciilifeform: for these to 'pump', supply of (2) would have to run dry
asciilifeform: !!ticker btc usd
deedbot[asciilifeform]: $25,401
awt[asciilifeform]: USG is currently attacking alts and has, over the years, given btc astonishingly favorable treatment.
asciilifeform: 'scamming without a license' has been the only reliably prosecuted offense in the space. rando alts compete with reich's Official shitcoin (eth)
asciilifeform: awt: not sure what 'favorable treatment' yer speaking of re btc tho
awt[asciilifeform]: compare to e.g. China, europe.
asciilifeform: ( afaik e.g. reich tax politics treats btc and alts precisely alike )
asciilifeform: awt: in eu, supposedly coupla 'btc utopias'. ( but not, again afaik, made any substantial weather, however )
dulapbot: (asciilifeform) 2021-08-31 kakobrekla: but if i were, slovenia has 0 tax on crypto
awt[asciilifeform]: We'll see how the "eth is a security" issue ends up
signpost[asciilifeform]: http://logs.bitdash.io/pest/2023-03-14#1024666 << they've classified all exchanges providing staking services as dealing in unregistered securities.
bitbot[asciilifeform]: Logged on 2023-03-14 14:20:01 asciilifeform[6]: awt: in eu, supposedly coupla 'btc utopias'. ( but not, again afaik, made any substantial weather, however )
dulapbot: (asciilifeform) 2021-08-31 kakobrekla: but if i were, slovenia has 0 tax on crypto
signpost[asciilifeform]: they've aggressively shut down token-issuing companies on same grounds.
signpost[asciilifeform]: gensler has even said, aloud, "not your keys, not your bitcoin"
signpost[asciilifeform]: situation's pretty amusing actually
signpost[asciilifeform]: see LBRY for a recent case where a startup was fucked into the dirt for shitcoinism
awt[asciilifeform]: Also the SEC is suing Ripple Labs.
awt[asciilifeform]: We are being watched by AI (although, not too closely): http://paste.deedbot.org/?id=sa0P
signpost[asciilifeform]: "hanbot: A bot that was programmed to respond to certain keywords and phrases in the IRC log, and which often generated humorous or unexpected responses." << my sides
awt[asciilifeform]: lol
signpost[asciilifeform]: according to gpt4 we were all libertarians
awt[asciilifeform]: Yes. Members of a DAR.
awt[asciilifeform]: decentralized autonomous republic
awt[asciilifeform]: legal brief concerning Jurov v. Popescu: http://paste.deedbot.org/?id=s4iJ
signpost[asciilifeform]: the poor thing's biased so gay.
signpost[asciilifeform]: I was apparently very interested in the intersection of technology and culture as it relates to the broader Bitcoin ecosystem, etc etc
signpost[asciilifeform]: poor thing has shitcoin company PR all through it.