Transcript for 14-11-2017, 238 lines:
02:18:02 funkenstein_: http://log.bitcoin-assets.com/?date=13-11-2017#1478077 <-- mostly dramatization and fud here in this shitpost
02:20:04 funkenstein_: *here are some statements with no proof because everybody knows
02:20:20 funkenstein_: *nations blah blah blah
02:21:30 funkenstein_: *you better get angry because i'm not happy
02:21:33 funkenstein_: something like that
02:22:36 funkenstein_: Dor Konforty why so serious?
02:23:12 funkenstein_: 1MB original satoshi chain is still here, go, use
02:26:39 funkenstein_: people using BCH have also left the fiat gulag
02:49:26 funkenstein_: "It is your duty to ensure that everyone understands that this is ugly manipulation"
02:53:19 funkenstein_: so how about those AMP tokens are we encouraging people to trade in their one-true-coin (TM)(R) for those also?
03:52:57 funkenstein_: hey look at that block, ETH reward arbitrarily dropped from 5 to 3 per 15 seconds last month in a hard fork
08:54:32 punkman: funkenstein_: *here are some statements with no proof because everybody knows << kinda sums up most bitcoin related writings
09:00:21 kakobrekla: lol
09:01:07 punkman: so bch forked, now adjusting diff per block
09:59:50 kakobrekla: my bits arent pink :(
10:00:46 mdg: advice for new guy with money wanting to get into crypto for profit
10:00:57 mdg: im asking for advice
10:01:02 mdg: to be clear
10:01:38 punkman: buy bitcoin?
10:02:32 mdg: i have
10:02:45 mdg: im looking to know what the hell is going on with this thing
10:02:56 mdg: it goes down and up 30% in a few hours
10:03:11 punkman: that's how it is
10:03:21 mdg: it spawns new currencies which then bubble to $3000 in a day and then go back to stabilize at $1000
10:03:49 mdg: are there some kinda trends people use to daytrade or its just kinda a hold onto the wild horse thing?
10:03:59 assbot: Logged on 13-11-2017 14:17:49; pankkake: https://seekingalpha.com/article/4122890-tesla-approaches-terminal-decline
10:04:03 kakobrekla: "There are only two plain ways to make money from stocks: 1) buying and holding to then profit from the company’s profit in form of dividends, and 2) buying to sell later to a higher bidder. "
10:04:12 punkman: my view on daytrade is, might as well play blackjack
10:04:33 mdg: punkman the guy who sent me here said that too. he said its prospective af
10:04:52 kakobrekla: there are only two plain ways to make money from buttcoin; 1) buying and holding them to then profit from selling all the shitcoin forks , 2) buying to sell later to a greater fool
10:05:17 punkman: just go look at charts, and consider what happens when you sell at $2,000 because it's for sure going down and I'm gonna buy back at $1000
10:05:46 mdg: wait do i get the shitcoin forks if i have btc? i havent even looked
10:05:56 mdg: so youre telling me i own bitcoin cash rn
10:05:58 pankkake: the value of bitcoin is directly dependent on drama
10:06:07 mdg: lol pankakke it seems to be
10:06:16 punkman: if you had btc at time of bitcoincash fork yeah you can sell those
10:06:28 punkman: bitcoingold too, but dunno if they have a wallet yet
10:07:39 punkman: is anyone doing bitcoin IPOs anymore? or is it all token sales now?
10:07:50 mdg: punkman what i noticed is that it seems that at the fork the btc currency leaks some of its value into the new currency which then bubbles and pops and stabilizes at a lower value, so wouldnt it be logical to sell the bitcoin right after the fork then sell the spawned currency before the burst and rebuy the still devalued bictoin before it regains its value? im new, i dont know how many forks there have been, i dont know if this
10:08:18 punkman: mdg, it's not a bad idea. but a gamble same as other gambles
10:08:49 mdg: why is ur name red is that a private message?
10:08:55 mdg: oh its coz you wrote my nick
10:09:01 punkman: ya
10:09:09 mdg: yea ok makes sense i mean gamble is gamble estimation is estimation
10:09:25 mdg: tx for the input guy/gals
10:09:56 punkman: I wonder what's the next fork gonna be
10:09:58 mdg: and does anyone know which coins will blow up next like btc did 2013-2015?
10:10:09 kakobrekla: yea
10:10:13 mdg: the forks are decided by the central admin devs?
10:10:18 kakobrekla: just a sec to check with my crystal ball
10:10:22 mdg: hahahaha
10:10:23 kakobrekla: o wait its offline atm
10:10:30 mdg: dammit make sure its plugged in
10:10:46 kakobrekla: the connection is a asia is not reliable
10:10:52 kakobrekla: in asia*
10:11:01 punkman: every altcoin I've bought I just managed to break even
10:11:05 mdg: ah yes ive heard there is trouble
10:11:13 mdg: so bitcoin is the one hey
10:11:16 punkman: could have made money if I HODLed
10:11:24 mdg: wish id bought in 2013 when i first heard
10:11:42 mdg: any notable altcoins?
10:11:55 mdg: and whats this ethereum
10:12:45 kakobrekla: notable how?
10:12:47 punkman: eth not too hot right now, maybe a good time to buy if you wanna speculate on next pump
10:13:06 kakobrekla: you can trade manure and make money with it if you are any good
10:13:17 punkman: manure is valuable though
10:13:24 kakobrekla: unlike eth
10:13:25 kakobrekla: good point.
10:13:27 mdg: kakobrekla we've been trading for 50 years
10:13:27 punkman: aha
10:13:37 punkman: who's we
10:13:44 mdg: but the returns bitcoin generated 2013-2016 were unbelievable
10:14:14 mdg: myself and my family. we're private bankers. mainly involved in structuring to reduce tax exposure.
10:14:21 mdg: and trading
10:14:31 kakobrekla: structuring :D
10:14:47 mdg: ;)
10:15:34 mdg: we're also kinda looking to set up bitcoin and related hangout spots for people around london
10:15:40 mdg: like after the conferences and stuff
10:16:24 punkman: why, wanna sell them something?
10:16:27 mdg: kinda libertarian-themed afterparties maybe in caravans in a forest or something with sleeping arrangements and etc
10:16:39 kakobrekla: hookers and blow?
10:16:42 mdg: nah not really we just kinda looking for information
10:16:47 mdg: if you have blow please bring
10:16:50 mdg: ;D
10:17:31 kakobrekla: ill trade you for some hookers
10:18:16 mdg: idk if it will work. its different to chat about something online from your own comfort and privacy compared to going to a thing but we were kinda thinking on the lines of afterevents or lounges for after the cryptoconferences
10:18:36 kakobrekla: do you have a url to 'we'?
10:19:33 mdg: nah its more a loose group of guys who already have experience with camping, vehicles, etc. one of us has noticed that people seem to want to go somewhere after the conferences, we were thinking why not bus them somewhere cooll
10:20:17 kakobrekla: conference people are usually not worth the time
10:20:19 punkman: I'd build a dungeon under some abandoned farmhouse
10:20:39 mdg: dungeon coke hookers
10:20:40 punkman: "who wants to party!!!11"
10:20:47 punkman: more like dungeon coke machine
10:20:54 punkman: !s coke machine
10:21:03 mdg: lol
10:21:35 mdg: ppl love coke in here
10:22:17 assbot: Logged on 20-11-2015 14:56:52; mircea_popescu: davout the coke machine is this putative alf-proposed torturing device to extract bitcoin out of people. he's twisted like that.
10:23:17 mdg: i see
10:23:42 mdg: probably best to house it offshore
10:24:10 mdg: well i gtg do some bullshit
10:24:17 mdg: *some other bullshit
10:24:30 mdg: *some other equally worthless tasks
10:24:43 mdg: peaceeeeeeeeeeeeeeeeeeeeeea§3
10:24:51 kakobrekla: bye
10:25:02 mdg: cza
10:37:59 punkman: and in local nyooz, kindapped rich dude, found alive after 6 months. they were asking for 100million eur ransom and lowered as the months went by. family offered something less than 10m and stuck to that.
10:43:14 kakobrekla: where at
10:43:20 kakobrekla: oh greece?
10:44:00 pankkake: is "hey jackass" referring to something?
10:44:02 punkman: yeah Crete
10:44:29 punkman: family has some plastics company
10:45:27 davout: ohai, i r not need voice?
10:45:40 punkman: davout: nope
10:45:48 pankkake: no we are now an inclusive and welcoming community
10:46:25 davout: how delightful
10:46:36 davout: what's the community been up to lately?
10:47:09 punkman: lifting skirts, spanking butts
10:48:14 davout: interesting
10:49:41 davout: haven't been reading logs or antyhing, curious about how the buttcash/sw2x thing has been perceived here
10:50:49 punkman: I think most folks sold their buttcash in august
10:51:52 pankkake: yeah
10:52:15 punkman: sw2x, I dunno I mostly believed it would fail, but didn't try to get in on the contracts
10:59:27 davout: yeah, so did i, sold in aug
11:05:20 kakobrekla: and now wish you hadnt!!! :D
11:07:20 davout: if i reasoned like this i'd be wishing stuff every time any shitcoin does whatever
11:07:40 pankkake: shouldn't the conclusion be to hodl all the things?
11:07:47 pankkake: at least the ones you get for free
11:08:26 kakobrekla: idk, i see it as unloading risk
11:08:28 davout: you may "get" them for free, but there's always an opportunity cost to "keeping" them
11:08:58 davout: there's no "unloading risk" for the simple reason there isn't anything "riskless"
11:09:17 pankkake: in a way, by selling, you drive the price down and thus reduce risk the thing poses to your other holdlings?
11:09:26 pankkake: also, in other news, bitbet is dead/dying
11:09:35 kakobrekla: there is a particular risk of a particular action happening
11:09:48 pankkake: the conclusion is once again to hodl instead
11:09:55 davout: pankkake: what would that "risk the thing poses to your other holdlings" be?
11:10:27 pankkake: capital flowing out of btc to get to bch, for example
11:10:40 pankkake: or some sort of "flippening" meme
11:11:02 davout: yeah, different flavour of the same prisoners dilemma
11:11:14 kakobrekla: i was front running and got out at 0.2 or something - now you either sell first or hold through everyone elses sell-off and risk it will not return to life
11:12:19 kakobrekla: in exchange for accepting 0.2 i dont have any exposure to that bs any longer
11:13:25 kakobrekla: but yeah, there isnt anything riskless, like you are never ever financially independent
11:13:32 kakobrekla: no matter what your int or units are.
11:19:00 pankkake: https://bloodyshovel.wordpress.com/2017/11/14/biological-leninism/#comment-17390 which one of you wrote this?
11:19:11 pankkake: great post (not comment) anyway
11:28:06 kakobrekla: so davout what have you been up to
11:48:35 kakobrekla: sounds like a plan!
12:00:19 punkman: went for a walk with long pants and shoes, sweating like an idiot now
12:00:31 disastermaster5: Lol
12:00:37 punkman: meanwhile, other people walking around in parkas and scarves
12:01:32 disastermaster5: I'm walking around in a polish communist era field jacket
12:01:43 disastermaster5: And some boots which are rated to minus 20c
12:01:52 disastermaster5: Yes I'm about to faint
12:01:58 disastermaster5: No I don't accept defeat
12:41:26 disastermaster5: Noone chats in this here chat room?
12:41:49 kakobrekla: no
12:42:07 kakobrekla: chit chat yaba daba doo kunta kinte
12:54:20 disastermaster5: Makes sense
12:57:50 davout: kakobrekla: spent last year in mauritius having fun, now moved to the uk to start training as an airline pilot
12:58:17 kakobrekla: for fun?
13:01:30 davout: yeah
13:01:37 davout: i take my hobbies seriously
13:02:11 kakobrekla: :)
13:07:50 pankkake: which plane are you going to buy?
13:29:53 AndroUser: J
14:04:20 davout: pankkake: no idea
14:07:59 davout: i'm just a private for now, i'm in no position to have an educated opinion on the matter tbh
14:38:19 AndroUser: List of the 10 cryptos likely to be the next bitcoin. Go.
14:40:02 kakobrekla: EOF
14:42:55 AndroUser: Aaand elaborate
14:47:36 AndroUser: About the chrysler all I can say is ain't gonna happen if the thing has a carburettor
15:08:04 pankkake: BridgeIHaveToSellYouCoin
15:43:58 kakobrekla: pope was wrong
15:44:12 kakobrekla: they use dinars not buttcoins
16:06:01 pankkake: https://www.coindesk.com/im-really-blockchain-blockchain-everything/ "I only have one demand: don't, whatever you do, start using "blockchain" as a verb."
16:09:40 punkman: jurov: why hallucinations
16:10:09 pankkake: it's segwit magic
16:10:24 punkman: has been happening for a while, not new
16:10:46 jurov: ah i get it, segwit hallucinations
16:14:15 punkman: even if segwit goes away, gotta keep around some code to verify historical sw tx, sucks
16:33:07 punkman: and it's no hallucination, unless you never plan to verify any sw tx
16:34:47 davout: punkman: lol, why would it be necessary?
16:35:00 davout: sw txen are valid as per trb even
16:35:08 punkman: "valid"
16:35:50 punkman: davout, by same token, why remove checkpoints of trb and verify regular tx
16:36:33 pankkake: posturing
16:39:14 punkman: pankkake: no not posturing, either you have blockchain where you can verify signatures all the way back to coinbase, or you don't
16:42:54 asciilifeform: davout: they're valid anyonecanspends
16:43:30 davout: punkman: anyonecanspends don't require sigs, that's the point
16:43:54 punkman: davout, how about p2sh
16:45:04 davout: same, in general, when stuff gets disabled, presumably because it had dubious utility, it's not going to be a problem in practice
18:56:35 jurov: davout and what do you do when you receive segwit transaction? wait few confirmation for the network to sort it out as they recommend? or pester the sender to send it as something you understand?
21:11:02 davout: jurov: what's the context of the question?
21:43:30 jurov: this: <davout> same, in general, when stuff gets disabled, presumably because it had dubious utility, it's not going to be a problem in practice
21:58:29 oleganza: jurov: what do you mean by a "segwit transaction"? Do you mean you ask sender to pay for script A, but they butcher it to make it a segwit script B? Or do you mean the transaction spends from segwit outputs, but pays to exactly the address you want to receive money on?
22:15:50 davout: jurov: in the context of sw having been disabled for a while and not enforced anymore, you don't even care to distinguish it as a sw transaction
22:24:31 punkman: davout, do you think miners should spend sw utxo as anyonecanspend when disabled?
22:36:39 asciilifeform: hey punkman do you have one ?
22:36:48 asciilifeform: i thought about buying but then realized that it probably has non-ips lcd
22:36:55 asciilifeform: ( i.e. unusable )
22:36:58 punkman: gonna wait until they figure it out
22:37:27 punkman: "Another issue reported immediately which we missed during our testing is that on small percentage of the laptops the LCD backlight step-up inductor cause annoying sound when LCD backlight is with 50% brightness."
22:37:48 punkman: lolhacks "adding small double adhesive matt on top of the inductor which make contact with the back plastic and this way absorb all vibrations"
22:37:59 asciilifeform: no laptop i ever owned did ever not make inductor whine
22:38:31 asciilifeform: (i can hear the oscillator in virtually any piece of gear having a switching power supply.)
22:46:02 pankkake: it's probably not the only unusable thing, it's probably horrible to type on
22:46:12 asciilifeform: as every other laptop
22:47:32 pankkake: I'm ready to spend $2000+ on a t h i c c laptop but no one wants to make one
22:47:40 pankkake: lenovo made a fake retro thinkpad
22:48:12 punkman: can even get ecc
22:49:54 pankkake: also I definitely can't into touch pads
22:50:29 pankkake: ew numpads
22:50:36 davout: http://log.bitcoin-assets.com/?date=14-11-2017#1478295 <<< that's "disabled" definitionally
22:50:36 assbot: Logged on 14-11-2017 22:24:31; punkman: davout, do you think miners should spend sw utxo as anyonecanspend when disabled?