IRC Driven

[00:16:09] tr_ [T] <~therock247uk> o/

[01:13:39] tr_ [T] <~therock247uk> i drink on SSRIs lol

[01:13:49] tr_ [T] <~therock247uk> hey!!!

[01:14:00] tr_ [T] <~therock247uk> chillnig with a beer

[01:14:02] tr_ [T] <~therock247uk> you?

[01:14:22] tr_ [T] <~therock247uk> damm

[01:45:25] tr_ [T] <Finrod_Faithful> I can't believe I'm still using Linux Mint 19.3

[01:48:55] tr_ [T] <Finrod_Faithful> You mean because he's Scottish?

[01:49:11] tr_ [T] <Finrod_Faithful> Is Scotland now an independent nation?

[01:49:36] tr_ [T] <Finrod_Faithful> Or is it still part of the United Kingdom?

[01:56:29] tr_ [T] <Finrod_Faithful> Hello ComputerTech

[01:56:52] tr_ [T] <Finrod_Faithful> I had a difficult last two weeks

[01:57:11] tr_ [T] <Finrod_Faithful> Had to work full time at a difficult job while moving into my new apartment

[01:57:30] tr_ [T] <Finrod_Faithful> I hardly got any sleep for two weeks, and the last two days were brutal

[01:59:19] tr_ [T] <Finrod_Faithful> Bon weekend

[02:14:49] tr_ [S] <@Dragon> nice

[02:19:55] tr_ [S] <@Dragon> hola computertech

[02:20:48] tr_ [S] <@Dragon> f r i d a y

[02:20:52] tr_ [S] <@Dragon> drinking a beer atm

[02:21:01] tr_ [S] <@Dragon> hbu

[02:28:27] tr_ [S] <phish> !shop

[02:29:03] tr_ [S] <phish> !shop 4

[02:41:18] tr_ [S] <phish> same

[08:31:28] tr_ [T] <+login> !bang

[08:31:58] tr_ [T] <+login> FireWire: you did well though

[08:33:04] tr_ [T] <+login> there is a number of bullets wasted after which the duck is not worth it

[08:34:41] tr_ [T] <+login> FireWire: ^ you can take this one

[08:38:59] tr_ [T] <+login> yup, you got it on the second try

[08:39:05] tr_ [T] <+login> hi deadly, how's the weekend been?

[08:39:26] tr_ [T] <+login> sorry to hear, but it too shall pass

[09:14:21] tr_ [T] <+login> how much fun is vegas really?

[09:14:41] tr_ [T] <+login> none fun?

[09:14:53] tr_ [T] <+login> no fun at all?

[12:23:10] tr_ [T] <+login> regarding bike audits, is total grade separation the holy grail?

[12:27:56] tr_ [T] <+login> https://www.youtube.com/@NatsWhatIReckon/videos

[12:28:28] tr_ [T] <+login> better than masterchef australia

[12:44:02] tr_ [T] <+login> FireWire: not me?

[12:44:11] tr_ [T] <+login> i wish DuckHunt kept a tally of escaped ducks too

[12:44:24] tr_ [T] <+login> and had that show up in the topducks

[13:00:45] tr_ [T] <+login> here's a full squid game reaction video: https://www.youtube.com/watch?v=smxj-k66BSw

[13:02:03] tr_ [T] <+login> FireWire: what did you mean by 'so not login'?

[13:02:26] tr_ [T] <+login> that grade separation was not the holy grail?

[13:03:49] tr_ [T] <+login> do you like masterchef australia?

[13:04:50] tr_ [T] <+login> i thought a series of video recipes of the basics, delivered in an entertaining style by an australian, was a different kind of good

[13:10:08] tr_ [T] <+login> is it the drama or the recipes or the fusion of the two or something else?

[13:11:05] tr_ [T] <+login> so first on michelin's list?

[15:14:24] tr_ [T] <+login> i used it for my resume

[15:14:36] tr_ [T] <+login> yeah, coming from ms word, it is not comparable

[15:14:51] tr_ [T] <+login> i don't know how it looks on google docs/office

[15:15:40] tr_ [T] <+login> that's cool Frogorg, that you made it in professional typesetting software

[15:16:32] tr_ [T] <+login> but humans don't read resumes one by one

[15:16:48] tr_ [T] <+login> software is used to extract stuff into a table for reviewers

[15:17:17] tr_ [T] <+login> was going to say, exception: smaller workplaces

[15:17:25] tr_ [T] <+login> yeah, LaTeX would look good too

[15:18:04] tr_ [T] <+login> I took some time to recreate a PDF resume of a family member in Libreoffice

[15:18:14] tr_ [T] <+login> because she couldn't find the word version

[15:18:17] tr_ [T] <+login> saved to docx in libreoffice

[15:19:02] tr_ [T] <+login> Samantha: yeah, so the most accessible yet stylish resume (but also easily scannable) wins

[15:21:16] tr_ [T] <+login> superkuh: yeah, they won't bend to the document foundation

[15:21:51] tr_ [T] <+login> Collabora online is a web version of libreoffice

[15:22:16] tr_ [T] <+login> i have had some kerning problems with libreoffice

[15:23:35] tr_ [T] <+login> my raunchy description of native vs. web app is 'raw sex' vs. 'with condom'

[15:24:29] tr_ [T] <+login> at least theoretically, one could debug that usecase and submit a change to libreoffice Samantha/rizon

[15:24:55] tr_ [T] <+login> if that were happening on ms office, one would have to beg msft to fix it for them

[15:25:28] tr_ [T] <+login> there are some parallels between ms office dominance and US dollar dominance

[15:25:56] tr_ [T] <+login> Samantha: try sending them a Numbers document

[15:26:40] tr_ [T] <+login> i used to use a cracked version of ms office

[15:27:04] tr_ [T] <+login> but then someone activated the botnet code inside it or something

[15:27:15] tr_ [T] <+login> and it started crashing windows (which i used to boot earlier)

[15:27:43] tr_ [T] <+login> since then, i decided to use libreoffice - don't want to pay msft money to have the option of opening and creating documents as a consumer

[15:28:47] tr_ [T] <+login> Samantha: sounds quite governmental

[15:28:57] tr_ [T] <+login> that's what i was using

[15:28:59] tr_ [T] <+login> KMSPico

[15:29:19] tr_ [T] <+login> to activate both windows and ms office

[15:29:33] tr_ [T] <+login> i did not know that

[15:29:43] tr_ [T] <+login> how does one make sure it runs on boot?

[15:30:37] tr_ [T] <+login> Samantha: if your confidential work is government-related, you might appreciate how the Chinese government solves this problem

[15:30:53] tr_ [T] <+login> wouldn't i have to re-arm every 180 days?

[15:31:10] tr_ [T] <+login> the Chinese gov's solution to MS Office problem is WPS Office

[15:35:18] tr_ [T] <+login> fuck your ex for doing that (or don't fuck)

[15:35:33] tr_ [T] <+login> i will be honest Samantha, you give me nsa vibes

[15:36:20] tr_ [T] <+login> you'd be a good cia agent with that response though

[15:36:37] tr_ [T] <+login> at your service, mozambique

[15:36:58] tr_ [T] <+login> an irc bot?

[15:37:55] tr_ [T] <+login> compiled or source code?

[15:38:47] tr_ [T] <+login> sug0i!

[15:40:17] tr_ [T] <+login> microsoft office 2000 was so fast

[15:40:53] tr_ [T] <+login> sad they didn't give more importance to input latency

[15:41:02] tr_ [T] <+login> in their newer versions

[15:41:24] tr_ [T] <+login> Linux software went into the multiverse

[15:41:58] tr_ [T] <+login> my favourite windows was xp, probably dates me age-wise

[15:42:26] tr_ [T] <+login> h4: i had some loose motion recently, not sure why

[15:45:07] tr_ [T] <+login> in the olden days, it was called pebkac mozambique

[15:45:53] tr_ [T] <+login> graduate beyond being a script kiddie, mozambique: it means your compiler can't find irc.h

[15:47:42] tr_ [T] <+login> Samantha: maybe they have to review security clearances, and that takes time

[15:48:38] tr_ [T] <+login> especially if they have to dig deep into one's life: gambling debts, past scandals, close relations - whom one owes their allegiance to

[15:49:09] tr_ [T] <+login> Samantha: classic response ;)

[15:49:19] tr_ [T] <+login> classic response re: works here

[15:49:30] tr_ [T] <+login> do you have irc.c too?

[15:50:52] tr_ [T] <+login> well, you do bring in half a million USD a week

[15:52:17] tr_ [T] <+login> theoretically, how would it be if you were one of 10 decuplets and all 9 of your siblings worked with you at this company?

[15:52:29] tr_ [T] <+login> s/theoretically/hypothetically

[15:53:43] tr_ [T] <+login> so it would scale linearly?

[15:54:27] tr_ [T] <+login> not constrained by the customers' capacity to pay?

[15:55:48] tr_ [T] <+login> this product must be so desirable

[15:56:00] tr_ [T] <+login> mozambique: you went to github and downloaded the repo right?

[15:56:06] tr_ [T] <+login> or just the file?

[15:56:50] tr_ [T] <+login> i have not seen the repo or the files therein, just debugging based on given info

[15:58:47] tr_ [T] <+login> lol

[15:59:19] tr_ [T] <+login> superkuh: i searched too, and found just this - https://github.com/yelinux

[15:59:24] tr_ [T] <+login> not a result, just a user

[15:59:40] tr_ [T] <+login> superkuh: my interpretation is yes linux

[15:59:58] tr_ [T] <+login> as in, "yes, it's linux"

[16:00:36] tr_ [T] <+login> persevere, mozambique

[16:01:07] tr_ [T] <+login> superkuh: that is a superuseful tip!

[16:03:57] tr_ [T] <+login> i am so suspicious, i used a pubnix to download that image Samantha

[16:04:16] tr_ [T] <+login> lest my IP address go to your server

[16:05:27] tr_ [T] <+login> yeah, i should, but i don't even want to pay for ms office

[16:05:40] tr_ [T] <+login> true, h4

[16:05:57] tr_ [T] <+login> and, i could route through the pubnix (which has ~1000 users)

[16:06:06] tr_ [T] <+login> but they send X-IP-Address in all the headers

[16:06:22] tr_ [T] <+login> tor would work, but anybody on your local network will know

[16:06:52] tr_ [T] <+login> let's say you're in a university network

[16:07:12] tr_ [T] <+login> yes

[16:07:48] tr_ [T] <+login> but finding someone else's mac address to use to do that

[16:08:05] tr_ [T] <+login> one has to log in with their university credentials to use eduroam

[16:09:34] tr_ [T] <+login> iPhone does it by default

[16:09:55] tr_ [T] <+login> h4: no auth needed if connecting via ethernet port

[16:10:49] tr_ [T] <+login> auth only for wifi

[16:11:05] tr_ [T] <+login> mozambique: out of time?

[16:11:49] tr_ [T] <+login> Why use Tor over I2P?

[16:13:13] tr_ [T] <+login> it's amazing that grocery shopping has been commercialised in that way

[16:14:02] tr_ [T] <+login> in what way can instacart break your trust?

[16:14:28] tr_ [T] <+login> yeah, they won't be choosing the best vegetables like one would in person

[16:14:42] tr_ [T] <+login> grocery shopping at noon = luxurious

[16:17:13] tr_ [T] <+login> Ahsoka: no makeup then?

[16:18:17] tr_ [T] <+login> and people find you more attractive that way too, h

[16:19:24] tr_ [T] <+login> how would you work in a dusty environment?

[16:19:33] tr_ [T] <+login> or underwater welding?

[16:19:47] tr_ [T] <+login> yup

[16:19:52] tr_ [T] <+login> at the very least

[16:20:26] tr_ [T] <+login> i had hoped masks would become acceptable fashion

[16:20:34] tr_ [T] <+login> just as a counter to automatic face detection

[16:22:15] tr_ [T] <+login> what about a face shield?

[16:29:16] tr_ [T] <+login> Samantha: sounds like a very profitable opportunity, if the targetted method of removing taste and smell can be figured out

[16:29:55] tr_ [T] * +login sees the rubberband slingshot across the room

[16:30:11] tr_ [T] <+login> s/slingshot/shoot

[16:30:27] tr_ [T] <+login> the worst part of covid for me was a very runny nose

[16:30:42] tr_ [T] <+login> herald: yeah, i just have taken the ESL thing to heart

[16:31:00] tr_ [T] <+login> and a long-lasting sore throat

[16:31:13] tr_ [T] <+login> how many modern houses have hatches?

[16:31:29] tr_ [T] <+login> i don't think they even make basements anymore

[16:31:55] tr_ [T] <+login> i have misunderstood what hatches mean

[16:32:13] tr_ [T] <+login> pfizer?

[16:32:27] tr_ [T] <+login> that pfizer/astrazeneca thing was a total psyop, wasn't it?

[16:33:12] tr_ [T] <+login> that was really bad herald

[16:33:37] tr_ [T] <+login> that vaccine did not seem to confer herd immunity either

[16:33:48] tr_ [T] <+login> although there is no counterfactual to check that

[16:34:20] tr_ [T] <+login> yeah, but birth control pills have a higher rate of clot side effects than astrazeneca

[16:35:22] tr_ [T] <+login> and when they started saying getting the actual virus did not confer immunity - that was not true

[16:35:46] tr_ [T] <+login> i can imagine a future where a brain chip might become such a requirement

[16:36:09] tr_ [T] <+login> or a bracelet

[16:36:50] tr_ [T] <+login> i'm sure the LEAs would be analysing the constellation of those

[16:37:14] tr_ [T] <+login> it was comedic

[16:37:30] tr_ [T] <+login> i thought it was satirical

[16:37:58] tr_ [T] <+login> that doesn't seem to be SOP

[16:38:07] tr_ [T] <+login> but then again, being a pharmacist is a cushy job

[16:38:27] tr_ [T] <+login> why?

[16:38:35] tr_ [T] <+login> liability reasons?

[16:39:58] tr_ [T] <+login> it's pattern recognition, Peorth

[16:40:11] tr_ [T] <+login> 90% of scripts are ones the pharmacist has seen many times before

[16:40:25] tr_ [T] <+login> ^ that was ass talk though, h4 - it may be less or more than 90%

[16:41:17] tr_ [T] <+login> i wonder why they don't just use shorthand

[16:42:28] tr_ [T] <+login> i see a parallel with cashless payments

[16:44:25] tr_ [T] <+login> should try it, irish666 - i dont' think i've ever had it

[16:45:15] tr_ [T] <+login> https://en.wikipedia.org/wiki/Saveloy#/media/File:Saveloy,_chips_and_curry.jpg

[16:45:40] tr_ [T] <+login> the way that wooden fork is stuck in there - it means a the food is being served to a dead person in Chinese culture

[16:45:45] tr_ [T] <+login> s/ a//

[16:46:50] tr_ [T] <+login> i wonder why there's no very large british fast food brand around saveloy

[16:47:16] tr_ [T] <+login> even the philippines has Mr Potato

[16:49:26] tr_ [T] <+login> they need to go international

[16:50:01] tr_ [T] <+login> they've turned the potato into the staple

[16:50:59] tr_ [T] <+login> it is britain's ramen

[17:08:56] tr_ [T] <+login> are you able to have a serious discussion on world topics with them?

[17:09:12] tr_ [T] <+login> full history lesson on how things were and how they developed over their growing up?

[17:09:34] tr_ [T] <+login> if you (pretend to or for real) make notes on what they're saying - they might feel extra appreciative

[17:10:21] tr_ [T] <+login> and then send them your word file (or text file) with their words cleaned up - as a memento for them

[17:11:17] tr_ [T] <+login> yeah, i'm surprised i came up with such a good idea on the fly

[17:11:25] tr_ [T] <+login> doesn't happen ofte

[17:11:40] tr_ [T] <+login> imagine if everybody had access to a biographer

[17:12:48] tr_ [T] <+login> could be made a real product in the world, especially for therapeutic or CV reasons

[17:15:02] tr_ [T] <+login> a group discussion and group document preparation might just be the kind of quirky date that the second aunt might develop a (refined) taste for

[17:17:02] tr_ [T] <+login> irish666: lol, one could get a feeling from that even sober

[17:17:48] tr_ [T] <+login> the sudden stop of the head might just compel one to want to feel that again

[17:18:00] tr_ [T] <+login> like a poor person's roller coaster

[17:18:31] tr_ [T] <+login> hmm, are drugs sold/taken often before going to an amusement park?

[17:18:58] tr_ [T] <+login> i've never heard of such a thing before, but when i type it out, it sounds like it should be a big thing

[17:36:58] tr_ [T] <+login> Mikoolo: how do you know so much history?

[17:37:03] tr_ [T] <+login> especially European history

[17:42:59] tr_ [T] <+login> You might make a good foreign policy consultant

[17:43:55] tr_ [T] <+login> i did not know that

[17:44:55] tr_ [T] <+login> yeah, history is just what everyone remembers

[17:45:10] tr_ [T] <+login> pretty powerful concept ^ for both peace and war

[17:45:54] tr_ [T] <+login> hopefully backed by some artifacts

[18:06:25] tr_ [T] <+login> yes, duck freedom can exist here

[18:06:29] tr_ [T] <+login> even two ducks!

[18:06:38] tr_ [T] <+login> two-duck freedom

[18:08:43] tr_ [S] <@Dragon> I for one am in favor of our new duck overlords

[18:10:05] tr_ [T] <+login> What is the difference?

[18:10:18] tr_ [T] <+login> functionally

[18:52:24] tr_ [T] <+login> when do they pain?

[18:52:55] tr_ [T] <+login> i ask because a close family member might be suffering due to pain from them

[18:54:46] tr_ [T] <+login> how do kidney stones depart? through the penis right?

[18:55:05] tr_ [T] <+login> but this is about a female family member, so through the urethra

[18:55:24] tr_ [T] <+login> my timing was good, wasn't it Frogorg?

[18:55:56] tr_ [T] <+login> it's just like software trading

[18:56:09] tr_ [T] <+login> hello wemadeit

[18:56:12] tr_ [T] <+login> nice vhost

[18:56:37] tr_ [T] <+login> I genuinely believe, outside of the naming and brand, litecoin is better technologically than bitcoin

[18:57:10] tr_ [T] <+login> The test is, if the technology of bitcoin and litecoin were switched (or the brand names switched), would the market cap change?

[18:58:05] tr_ [T] <+login> true true ^

[18:58:17] tr_ [T] <+login> it's kids of rich daddies getting into it

[18:58:33] tr_ [T] <+login> i like to think of it as random selection

[18:59:07] tr_ [T] <+login> usually, with company stock, there are rules around who acquires them and dumps them

[18:59:45] tr_ [T] <+login> and who (a company) gets the ability to send a dividend through it

[19:00:04] tr_ [T] <+login> with bitcoin, there is no company: everybody who is earning money can buy it

[19:00:18] tr_ [T] <+login> and that itself acts as a 'stock buyback' for the one who bought before

[19:00:48] tr_ [T] <+login> so, if company stock can be imagined as a web that looks very structured

[19:01:21] tr_ [T] <+login> bitcoin can be imagined as a web with no permission to acquire or dispose

[19:01:59] tr_ [T] <+login> only if you price your services/labour in bitcoin

[19:02:09] tr_ [T] <+login> and insist on a bitcoin-denominated quote for all your expenses

[19:02:39] tr_ [T] <+login> but those are priced in dollars

[19:02:47] tr_ [T] <+login> and the bitcoin price is fluctuating

[19:03:00] tr_ [T] <+login> they should set the price as a certain amount of bitcoin

[19:03:31] tr_ [T] <+login> they're having more trouble acquiring them

[19:03:38] tr_ [T] <+login> unless working for them online

[19:04:03] tr_ [T] <+login> it might do well as a unit of account

[19:04:07] tr_ [T] <+login> but not well as a medium of exchange

[19:04:22] tr_ [T] <+login> simply because L1 is too expensive, and lightning requires cheap L1 fees

[19:05:57] tr_ [T] <+login> the reason lightning requires cheap l1 fees is to make a unilateral channel close (in case a watchtower catches cheating) transaction easy

[19:06:15] tr_ [T] <+login> a large sats/vbyte, i mean

[19:06:31] tr_ [T] <+login> it means more small bitcoin outputs become dust

[19:07:07] tr_ [T] <+login> as blockspace becomes more valuable, the miniscule holders will not be able to transact their small balances

[19:07:45] tr_ [T] <+login> as the block subsidy goes down, the fee will have to replace it

[19:08:08] tr_ [T] <+login> if it doesn't, then maybe some other method of payment will be used to make miners include/exclude transactions

[19:08:54] tr_ [T] <+login> it's going to transition to it slowly

[19:09:25] tr_ [T] <+login> the design - i think - was done that way because satoshi may have wanted to have a sunset on bitcoin's technology

[19:10:07] tr_ [T] <+login> i don't mean on bitcoin balances, which - i speculate - may just be used to instantiate the initial balances on a different system

[19:11:04] tr_ [T] <+login> my thinking of bitcoin's worth is not from the technology, but from the distribution of balances and the people who hold them

[19:11:58] tr_ [T] <+login> i.e., if someone buys 90% of the existing bitcoin in existence (say, US gov), and then sends it to an unspendable address

[19:12:15] tr_ [T] <+login> what happens to the other 10% of holders?

[19:12:53] tr_ [T] <+login> they could do it because it was threatening the US dollar

[19:13:12] tr_ [T] <+login> the company stock equivalent is a stock tender, or taking a public company private

[19:13:48] tr_ [T] <+login> i don't mean selling bitcoin, i mean taking it out of circulation

[19:13:55] tr_ [T] <+login> and giving existing holders a 'final return'

[19:14:09] tr_ [T] <+login> for those who wish to take it*

[19:14:29] tr_ [T] <+login> it's a theoretical question - a thought experiment

[19:14:50] tr_ [T] <+login> if a secret entity (that later turns out to have been the federal reserve) starts buying bitcoin

[19:16:01] tr_ [T] <+login> at higher and higher prices, until 90% of holders (not 90% of balances) sell it (hoping to get back in after the crash)

[19:16:39] tr_ [T] <+login> it is a hypothetical question to determine where the value of bitcoin is

[19:17:20] tr_ [T] <+login> you can do that with ltc or eth too

[19:17:29] tr_ [T] <+login> or xmr

[19:18:06] tr_ [T] <+login> that is why one can compare eth to a stock

[19:18:19] tr_ [T] <+login> and so too btc - satoshi mined during the early days

[19:19:16] tr_ [T] <+login> so if the price starts going up, at some point people will sell right?

[19:19:44] tr_ [T] <+login> yes, so excluding those people

[19:20:08] tr_ [T] <+login> so the ones who didn't have diamond hands would sell

[19:20:44] tr_ [T] <+login> no, it really does depend on what currency you have easy access to

[19:21:13] tr_ [T] <+login> but for those cases, a company with a website whom you trust has enough btc to send your balance 'out' works

[19:21:55] tr_ [T] <+login> the question, or observation, was that the 10% of holders will be the diamond hands

[19:22:13] tr_ [T] <+login> and the 90% will have sold to what would turn out to be the federal reserve, in this hypothetical scenario

[19:22:57] tr_ [T] <+login> indirectly, it is the scale

[19:23:28] tr_ [T] <+login> it is a good point; saying bitcoin holds value is like saying usa holds value just because they issue usd

[19:24:04] tr_ [T] <+login> yeah, due to france's coercive currency rules

[19:24:21] tr_ [T] <+login> money is a system of organisation of labour

[19:25:18] tr_ [T] <+login> the idea is that after 90% of holders are 'wiped' out of bitcoin, the 10% holders may not hold very valuable bitcoin

[19:26:27] tr_ [T] <+login> i.e., once the hypothetical large buyer disappears with the bitcoin, would the other 10% holders be able to get - by virtue of holding something scarce, a lot of goods and services from the rest of the world?

[19:26:39] tr_ [T] <+login> the difference with apples is that one can eat them

[19:27:04] tr_ [T] <+login> if the world loses its taste for apples, then having only 10 apples wouldn't matter

[19:27:25] tr_ [T] <+login> If i make 10 autographs with my signature, those would be very scarce

[19:27:31] tr_ [T] <+login> they could probably be authenticated too

[19:27:36] tr_ [T] <+login> will these be valuable?

[19:28:01] tr_ [T] <+login> yes, if the transactions were censorproof - you'd be right

[19:28:26] tr_ [T] <+login> food could help

[19:28:32] tr_ [T] <+login> or rather, farms

[19:29:09] tr_ [T] <+login> but the sats/vbyte is the censor

[19:29:28] tr_ [T] <+login> if it's too high, then small sats holders will get 'censored' due to the large cost of transacting

[19:29:34] tr_ [T] <+login> relative to the value being transaction

[19:30:14] tr_ [T] <+login> and even lightning doesn't solve that because the large cost of transacting in a high sats/vbyte regime means unilateral channel closing if a watchtower detects fraud becomes very expensive

[19:30:45] tr_ [T] <+login> thus, the result is, there may be large custodians who could use lightning to do instant transactions between themselves using large channels

[19:31:03] tr_ [T] <+login> and the small sats holders may become the customers of such custodians

[19:31:12] tr_ [T] <+login> yes

[19:31:29] tr_ [T] <+login> so my prediction is, bitcoin balances will exist - but the technology will change

[19:31:55] tr_ [T] <+login> the bitcoin balances will be the instantiation of a future technology that addresses those issues

[19:32:16] tr_ [T] <+login> the timing is hard to predict, but the reduction in the block subsidy incentivies finding that solution

[19:32:31] tr_ [T] <+login> a bank here uses gcp

[19:32:48] tr_ [T] <+login> central bank tech is antiquated though

[19:33:06] tr_ [T] <+login> unless it's like fednow, but even that could have problems

[19:34:09] tr_ [T] <+login> so if you are planning to use the bitcoin to get real goods and services before 2060, then you're subject to bitcoin's value relative to those goods and services

[19:34:25] tr_ [T] <+login> or rather, the supply of those goods/services in relation to the supply of bitcoin

[19:35:02] tr_ [T] <+login> my guess is, bitcoin is good for governments that don't trust each other to transact 'digitally' (not moving gold around in planes)

[19:35:39] tr_ [T] <+login> yeah, but can it be refined economically?

[19:36:07] tr_ [T] <+login> relative to doing something else to earn gold

[19:36:37] tr_ [T] <+login> yeah, radio was better for transacting than settling in gold

[19:36:54] tr_ [T] <+login> as long as someone checked that the gold was actually there and not just 'claimed' to be there

[19:38:05] tr_ [T] <+login> sats/vbyte determine the 'scale' of what becomes a transaction too small for bitcoin

[19:38:27] tr_ [T] <+login> you don't want to lose 30% of the amount on fees

[19:38:43] tr_ [T] <+login> but bitcoin dust exists, the problem is now for small enough amounts of bitcoin

[19:39:15] tr_ [T] <+login> with a large bitcoin marketcap, dust is not solved even with segwit

[19:39:46] tr_ [T] <+login> the risk is, the solution will deteriorate censorship resistance

[19:40:34] tr_ [T] <+login> and if a government enforces the checking of bitcoin's cleanliness before accepting it - as they may have done to tesla (which is why it may have stopped accepting bitcoin for cars)

[19:40:56] tr_ [T] <+login> then that is defacto censorship

[19:41:27] tr_ [T] <+login> many exchanges do this

[19:41:41] tr_ [T] <+login> but 3rd world countries are most afflicted by that problem

[19:42:08] tr_ [T] <+login> they don't let you save in a stable currency

[19:42:13] tr_ [T] <+login> outside of their own

[19:42:41] tr_ [T] <+login> how easy would it be for someone from, say, nigeria, to save in US dollars?

[19:43:00] tr_ [T] <+login> so strike will give them USDT?

[19:43:18] tr_ [T] <+login> how will strike accept naira without the nigerian government's approval?

[19:44:15] tr_ [T] <+login> but it does show that bitcoin's censorship resistance is not strong enough, due to the ability to discern how clean each bitcoin address is

[19:44:39] tr_ [T] <+login> and that exchanges have to take your ID and impose limits on - say - bitcoin gambling winnings

[19:44:55] tr_ [T] <+login> or bitcoin that has been through a mixer (apparently they can detect these with some probability)

[19:45:19] tr_ [T] <+login> so, if tesla were to accept bitcoin directly via the blockchain for cars

[19:45:29] tr_ [T] <+login> there is only one place - the world

[19:45:47] tr_ [T] <+login> the economic system is interlinked

[19:46:12] tr_ [T] <+login> and so is currency trading - if you are doing it in size

[19:46:33] tr_ [T] <+login> if tesla took bitcoin for cars via bitcoin's network

[19:47:00] tr_ [T] <+login> they'd be forced to ask the same questions for every transaction that a credit/debit card holder gets asked when opening an account

[19:47:20] tr_ [T] <+login> it shows that bitcoin adoption is also government restricted

[19:47:33] tr_ [T] <+login> it's the only big company that tried to accept bitcoin for a car

[19:47:40] tr_ [T] <+login> via the bitcoin blockchain

[19:47:46] tr_ [T] <+login> you can buy hosting and vpns too

[19:48:00] tr_ [T] <+login> and probably fruits and vegetables at a stand too

[19:48:21] tr_ [T] <+login> i wait for when bitcoin gets its own decentralised army and militia

[19:48:43] tr_ [T] <+login> or when mercenaries start accepting bitcoin via the blockchain - online or in-person merceneries

[19:49:49] tr_ [T] <+login> the problem is, bitcoin is stuck in this middle place, where the blockchain is open enough to be the equivalent of showing your bank account statement to the world after replacing your name with a uuid

[19:50:49] tr_ [T] <+login> but not robust enough to withstand the forced hand of government

[19:51:21] tr_ [T] <+login> xmr does it better, and litecoin with MWEB does it better too

[19:51:52] tr_ [T] <+login> litecoin does it so well - has a built-in mixer in the form of mimblewimble extension blocks

[19:52:00] tr_ [T] <+login> and the fixed supply of bitcoin

[19:52:31] tr_ [T] <+login> Mikoolo: an episode?

[19:52:39] tr_ [T] <+login> like, a manic episode?

[19:53:07] tr_ [T] <+login> yes, bitcoin holds the computational energy locus

[19:53:38] tr_ [T] <+login> but if one replaced bitcoin and litecoin's 'labels', would the market cap shift to the new bitcoin?

[19:53:55] tr_ [T] <+login> or, put another way, if bitcoin adopted MWEBs

[19:54:04] tr_ [T] <+login> and litecoin removed MWEBs

[19:54:11] tr_ [T] <+login> would they switch market caps or retain them?

[19:54:32] tr_ [T] <+login> they adopted taproot, and that proved to have not been wise

[19:54:49] tr_ [T] <+login> but they don't control the supply anymore

[19:55:07] tr_ [T] <+login> bitcoin miners control bitcoin

[19:55:28] tr_ [T] <+login> my vision was, big companies with large balance sheets would also be bitcoin miners

[19:55:41] tr_ [T] <+login> and governments would do it too

[19:56:11] tr_ [T] <+login> and every big non-decentralised institution would participate in forming consensus as a bitcoin miner

[19:56:45] tr_ [T] <+login> it is very comparable to a religion

[19:57:01] tr_ [T] <+login> as an idea, we know religion has staying power even beyond that of a nation-state

[19:57:30] tr_ [T] <+login> it is an algorithmic religion, and that is a very powerful idea

[19:57:58] tr_ [T] <+login> it = bitcoin or other cryptocurrency

[19:58:47] tr_ [T] <+login> also, mimblewimble extension blocks were first proposed by someone pseudonomous

[19:59:09] tr_ [T] <+login> and many coins came out of those, all variations based on that whitepaper

[20:00:05] tr_ [T] <+login> i mean, out of mimblewimble's whitepaper

[20:00:45] tr_ [T] <+login> from a price standpoint, bitcoin's price is due to tether

[20:01:01] tr_ [T] <+login> and due to trading venues that created a good market for bitcoin

[20:01:21] tr_ [T] <+login> i will be happy for bitcoin's resilience after tether fails

[20:02:16] tr_ [T] <+login> i like to think of it in terms of a thought experiment

[20:02:29] tr_ [T] <+login> let's say i earned 10,000 USD by doing something

[20:02:46] tr_ [T] <+login> then, i took a video of myself burning each dollar note with the serial number

[20:03:06] tr_ [T] <+login> and making sure to have each note be verified as an authentic dollar

[20:03:25] tr_ [T] <+login> after which, i create a digital database with the number 10000 in it under my account

[20:03:31] tr_ [T] <+login> and send 5000 of those to someone else

[20:03:44] tr_ [T] <+login> does that other person believe that which they have is worth 5000 USD?

[20:04:13] tr_ [T] <+login> after all, i destroyed 10000 USD to 'back' the digital database

[20:04:35] tr_ [T] <+login> that's the thought experiment i used to think of tether

[20:04:41] tr_ [T] <+login> but the dollars aren't destroyed yet

[20:04:48] tr_ [T] <+login> the dollars backing tether, i mean

[20:04:51] tr_ [T] <+login> they're just fading

[20:05:08] tr_ [T] <+login> harder and harder to redeem

[20:05:26] tr_ [T] <+login> I think VZ's Petro cryptocurrency was an innovative idae

[20:05:44] tr_ [T] <+login> it's like issuing an oil certificate to lay your claim on VZ's oil reserves

[20:06:11] tr_ [T] <+login> if everyone tosses the USD away, it will indeed implode

[20:06:38] tr_ [T] <+login> because that means the velocity of USD will become very large, i.e., rampant inflation

[20:07:31] tr_ [T] <+login> what about holding it in an interest bearing fashion?

[20:07:45] tr_ [T] <+login> i.e., CDs

[20:08:03] tr_ [T] <+login> real estate is also government-backed

[20:08:22] tr_ [T] <+login> the title is a gov db

[20:08:37] tr_ [T] <+login> giving you rights over the land, as enforced by the courts

[20:09:06] tr_ [T] <+login> has the market 5xed or the dollar 1/5xed?

[20:09:29] tr_ [T] <+login> if it were the latter, everything else would have 5xed too

[20:09:41] tr_ [T] <+login> and the ratio of everything else to real estate would remain unchanged

[20:10:01] tr_ [T] <+login> my guess for real estate is, velocity of transfers has reduced

[20:10:21] tr_ [T] <+login> that automatically raises the price (or prevents it from falling)

[20:11:08] tr_ [T] <+login> the ones on good mortgage rates can't sell the house or refinance now

[20:11:37] tr_ [T] <+login> i do agree that covid was an implosion on the retired and soon-to-retire

[20:11:47] tr_ [T] <+login> from a health-risk perspective

[20:12:00] tr_ [T] <+login> but their portfolios were compensated for it, if they timed it well

[20:12:22] tr_ [T] <+login> (not taking inflation into account)

[20:13:12] tr_ [T] <+login> yeah, and the resulting reduction in the proportion of the workforce that was wise and productive

[20:13:27] tr_ [T] <+login> would also have meant lesser output

[20:13:56] tr_ [T] <+login> the same output (at the global economic scale) that the new retirees are wishing now to consume

[20:14:48] tr_ [T] <+login> elon musk, though grifter, said it simply

[20:15:00] tr_ [T] <+login> if you don't have your own kids, that means someone else's kids will have to take care of you when you're older

[20:15:07] tr_ [T] <+login> or a robot will

[20:19:06] tr_ [T] <&nitecore> !bang

[20:19:20] tr_ [T] <&nitecore> thx lol

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