#pest | 2023-03-14

!!ticker btc usd

08:43

deedbot

$25,131

~ 25 minutes ~

09:08

!!ticker btc usd

09:08

deedbot

$26,422

09:08

is this the 30k waiting room?

~ 46 minutes ~

09:55

nicolas_cage_con_air.jpg

~ 1 hours 13 minutes ~

11:09

reich: 1) engineer bank run, bailout, btc pump 2) waterfall 3) profit!111

11:09

bitbot

Logged on 2023-03-09 14:15:21 asciilifeform[4]: meanwhile, in misc. waterfall-refill lulz.

~ 37 minutes ~

11:46

mod6

aha

11:49

guy who made a random number generator is a fatalist lol

11:54

mod6

hahah, lot of historic accuracy to the waterfall tho

~ 1 hours 24 minutes ~

13:18

fine by me as long as the pump 20x -> dump 80% -> pump 20x -> dump 80% trend continues

~ 15 minutes ~

13:34

20x?!

13:38

yeah, back in the olden days was even more

13:38

but march 2020 bottom ~3k to 2021 peak of 60k, that's 20x

13:39

2017 did about 100x (trough to peak) before dramatically dumping

13:40

$200 -> $20k

13:40

PeterL

+20x -80% = 4x overall, right?

13:42

PeterL: at the bottom, yes

13:44

so let's see if it can make it to 300k this time from the 15k bottom

13:59

300k easily -- but after sandwich.

14:02

more like sandwich up 2x btc up 100x, roughly

14:04

*

billymg still believes over time bitcoin 'climbs the gradient'

14:05

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

14:06

so far these worked quite well, which is why no repeat of 2017 etc

14:06

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

14:06

that operation in fact may have done more long term harm than good for usg and co

14:07

for these to 'pump', supply of (2) would have to run dry

14:15

!!ticker btc usd

14:15

deedbot

$25,401

14:15

USG is currently attacking alts and has, over the years, given btc astonishingly favorable treatment.

14:17

'scamming without a license' has been the only reliably prosecuted offense in the space. rando alts compete with reich's Official shitcoin (eth)

14:17

awt: not sure what 'favorable treatment' yer speaking of re btc tho

14:18

compare to e.g. China, europe.

14:19

( afaik e.g. reich tax politics treats btc and alts precisely alike )

14:20

awt: in eu, supposedly coupla 'btc utopias'. ( but not, again afaik, made any substantial weather, however )

14:23

We'll see how the "eth is a security" issue ends up

~ 1 hours 24 minutes ~

15:47

http://logs.bitdash.io/pest/2023-03-14#1024666 << they've classified all exchanges providing staking services as dealing in unregistered securities.

15:47

bitbot

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 )

15:47

they've aggressively shut down token-issuing companies on same grounds.

15:48

gensler has even said, aloud, "not your keys, not your bitcoin"

15:48

situation's pretty amusing actually

15:48

see LBRY for a recent case where a startup was fucked into the dirt for shitcoinism

~ 3 hours 30 minutes ~

19:18

Also the SEC is suing Ripple Labs.

~ 3 hours 43 minutes ~

23:02

We are being watched by AI (although, not too closely): http://paste.deedbot.org/?id=sa0P

23:03

"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

23:03

lol

23:11

according to gpt4 we were all libertarians

23:12

Yes. Members of a DAR.

23:13

decentralized autonomous republic

23:14

legal brief concerning Jurov v. Popescu: http://paste.deedbot.org/?id=s4iJ

23:24

the poor thing's biased so gay.

23:25

I was apparently very interested in the intersection of technology and culture as it relates to the broader Bitcoin ecosystem, etc etc

23:25