This is a mirror of the original BitMEX trollbox archive that used to be online here. BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.
Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again. But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.
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<< >> English 中文 Русский 한국어 日本語 Español Français [2017-03-20 00:36:59] BitMEX_Sam : aethlios: Will do. [2017-03-20 00:37:11] BitMEX_Sam : Todd: At the deposit page, you can receive Testnet bitcoin from any of the listed faucets. [2017-03-20 00:39:22] Todd : oh, i see, thank you! :-) [2017-03-20 00:39:30] Todd : (smiley face) [2017-03-20 00:47:29] datboiyuan : is it just me or are people way overreacting to this hard fork talk [2017-03-20 00:47:40] Winklevoss : datboiyuan: I don't think so [2017-03-20 00:47:57] Winklevoss : datboiyuan: it could have serious implications, have you not considered? [2017-03-20 00:48:08] datboiyuan : yes I've considered [2017-03-20 00:48:23] datboiyuan : first, I don't think it's likely, and in the long run I don't think the price will be affected much [2017-03-20 00:48:51] Winklevoss : datboiyuan: i agree it is not so likely, why do you think the price will be unaffected much? [2017-03-20 00:52:37] datboiyuan : I think in the short term we'll see some fear and some competition [2017-03-20 00:53:10] datboiyuan : but over time, I think the better product will be obvious and we'll just have another alt coin [2017-03-20 00:53:38] datboiyuan : that'll be rebranded and may be what some people prefer, but bitcoin will always be bitcoin [2017-03-20 00:56:22] REKT : Liquidated short on `XBTUSD`: buy 3500 @ 1022.80 [2017-03-20 01:06:49] aguia7 : Everyone, enjoy. A lot of people are going to start buying bitcoin, taking advantage of what became cheap. And that will raise the price. Independent of the news. Who buys bitcoins, does not read news, only buys. Investors, and traders like us who keep selling all the time. [2017-03-20 01:24:07] REKT : Liquidated short on `ETH7D`: buy 1 @ 0.042850 [2017-03-20 01:26:56] KingTuna : ETH on its way up or in some sort of triangle? [2017-03-20 01:27:30] cryptoyolo : short more here [2017-03-20 01:27:52] DoubleU : either at the top of the bull trap in their bubble or ETH going to shoot higher [2017-03-20 01:27:58] cryptoyolo : actually going to wait till 1034-1035 [2017-03-20 01:34:10] Roston : lol dammit, missed my entry at 1015 by 1 dollar [2017-03-20 01:37:09] donsteep : well someone who almost sold into it should be quite happy not [2017-03-20 01:37:15] donsteep : *now [2017-03-20 01:48:34] etoque : etc going 0.01 [2017-03-20 01:55:31] degen : nothing to be bullish about in BTC imo. Shorting this with all of my might [2017-03-20 02:11:02] REKT : Liquidated short on `XBTUSD`: buy 20000 @ 1035.71 [2017-03-20 02:11:12] Ahhere : etoque: did etc break 0.002? [2017-03-20 02:11:31] etoque : in processing [2017-03-20 02:13:31] Farzad : /rekt [2017-03-20 02:13:32] trollbot : ``` 3 recent REKTs > 100K: ``` ``` 3 hours, 42 mins ago: Liquidated long on `XBTUSD`: sell 210000 @ 1034.53 **REKTosaurus** :slot_machine: :moneybag: :fire: ``` ``` 10 hours, 32 mins ago: Liquidated short on `XBTUSD`: buy 100000 @ 1010.42 **EPIC REKT** :unamused: :confounded: :astonished: ``` ``` 25 hours, 22 mins ago: Liquidated short on `XBTM17`: buy 100000 @ 1000.02 **EPIC REKT** :unamused: :confounded: :astonished: ``` [2017-03-20 02:16:55] Farzad : /price [2017-03-20 02:16:57] trollbot : ``` Bitstamp : 1032.11 (1.76%) Bitfinex : 1033.40 (1.64%) The Woodchipper : 1041.87 (1.94%) itBit : 1030.92 (1.90%) Kraken : 1030.00 (2.34%) GDAX : 1036.39 (1.98%) SLQ : 2 hours, 21 mins``` [2017-03-20 02:33:39] Farzad : /fork [2017-03-20 02:33:40] trollbot : ``` Bitfinex BCC : 752.48 (0.00%) Bitfinex BCU : 240.00 (0.00%) SLQ : ``` [2017-03-20 02:35:34] Farzad : /fork [2017-03-20 02:35:35] trollbot : ``` Bitfinex BCC : 752.48 (0.00%) Bitfinex BCU : 240.00 (0.00%) SLQ : < 1 min``` [2017-03-20 02:36:01] Farzad : /price [2017-03-20 02:36:04] trollbot : ``` Bitstamp : 1036.00 (0.00%) Bitfinex : 1039.00 (0.00%) The Woodchipper : 1043.94 (0.00%) itBit : 1036.49 (0.00%) Kraken : 1033.99 (0.00%) GDAX : 1040.32 (0.00%) SLQ : < 1 min``` [2017-03-20 02:36:29] j8 : spam [2017-03-20 02:36:35] Farzad : :D [2017-03-20 02:36:41] j8 : /ban Farzad [2017-03-20 02:36:41] trollbot : ``` Critical Error! God is unbannable! You are banned and will get REKT soon. :D``` [2017-03-20 02:36:44] Farzad : did u see the new command ? [2017-03-20 02:36:45] j8 : lol [2017-03-20 02:36:49] Farzad : /fork [2017-03-20 02:36:50] trollbot : ``` Bitfinex BCC : 752.48 (0.00%) Bitfinex BCU : 236.17 (-1.60%) SLQ : 1 min, ``` [2017-03-20 02:37:07] Farzad : why BCU is so cheap ?! [2017-03-20 02:37:51] Farzad : if fork happens BCC will be in big trouble [2017-03-20 02:37:57] j8 : well it has to price in the value of the coin post fork, as well as the probability that the fork even happens [2017-03-20 02:38:18] startChat : BEFORE decm 31 [2017-03-20 02:38:19] j8 : if fork doesn't happen BCU is worth zero [2017-03-20 02:38:52] j8 : yes it could happen in january, or it could be a different fork that's not BU [2017-03-20 02:38:55] Farzad : true, but if fork happens, I guarantee BCU will worth more than BCC [2017-03-20 02:39:17] j8 : but then what probability do you assign to it happening [2017-03-20 02:39:40] 5hackelf0rd : /Rekt [2017-03-20 02:39:51] ronensinger : /joke [2017-03-20 02:39:51] REKT : Liquidated long on `ETH7D`: sell 70 @ 0.041220 [2017-03-20 02:39:51] REKT : Liquidated long on `ETH7D`: sell 6 @ 0.041170 [2017-03-20 02:39:52] trollbot : ``` I asked my mom if by any chance i was adopted ? She said - why would we choose you.. ``` [2017-03-20 02:40:02] Farzad : j8: I would say 60% [2017-03-20 02:40:12] jose : Farzad: so BTC with LN is worth less than just BTC without LN ? really ? [2017-03-20 02:41:13] j8 : Farzad: ok well then i guess the market disagrees [2017-03-20 02:42:10] Farzad : jose: after fork BTC will lose majority of its hash power while, while difficulty doesnt change, so you will have very long confirmation times until difficulty adjusts again, it will be unusable for a long time. [2017-03-20 02:42:20] j8 : there are lots of ways BCU can settle at zero even if you think a fork is likely [2017-03-20 02:43:08] Farzad : or BTC should hard fork too :D [2017-03-20 02:43:48] Farzad : BCU is gaining ground fast. [2017-03-20 02:44:18] Farzad : if it surpasses 50% hash power, more miners will join BCU [2017-03-20 02:45:30] DorianWhack-A-Moto : if bitcoin forks you end up with coins on both chains anyway. no point buying bcu if you already hold decent amount of btc. if no fork you lose your btu. [2017-03-20 02:46:54] DorianWhack-A-Moto : /fork [2017-03-20 02:46:54] trollbot : ``` Bitfinex BCC : 784.00 (4.19%) Bitfinex BCU : 225.40 (-4.56%) SLQ : 10 mins``` [2017-03-20 02:47:12] j8 : it's kind of funny, $240 for a hypothetical altcoin that might not exist [2017-03-20 02:47:15] DorianWhack-A-Moto : does bcc turn into BTC even if no fork? [2017-03-20 02:47:22] j8 : yes [2017-03-20 02:47:33] j8 : or even if there is a fork that isn't BU [2017-03-20 02:47:53] j8 : or if there is a BU fork but it has any sort of technical problems [2017-03-20 02:48:20] DorianWhack-A-Moto : Seems cheap and looks like an easy way to make money on the surface but there is always a catch, isnt there. [2017-03-20 02:48:23] Farzad : DorianWhack-A-Moto: if a fork happens, the price will be split between bcc and bcu, so u will not gain anything from fork. [2017-03-20 02:49:25] Farzad : DorianWhack-A-Moto: what is the easy way to make money ? buy bcc ? :D [2017-03-20 02:49:53] DorianWhack-A-Moto : yeah stock up on cheap bcc...but i guess the catch is if fork happens it will be cheaper anyway [2017-03-20 02:50:08] j8 : easy 20%+ [2017-03-20 02:50:21] DorianWhack-A-Moto : but btc price will be in the toilet [2017-03-20 02:50:29] DorianWhack-A-Moto : so you've actually bought expensive btc [2017-03-20 02:50:51] DorianWhack-A-Moto : unless segwit happens and no fork, then it works well [2017-03-20 02:51:01] Farzad : Bitcoin Unlimited blocks: 348 ( 34.8% ) [2017-03-20 02:51:03] j8 : you short btc while buying bcc [2017-03-20 02:51:45] Farzad : 16% more to hard fork :D [2017-03-20 02:52:12] j8 : no, if they try to do it at 51% they are shooting themselves in the foot, seriously [2017-03-20 02:52:27] DorianWhack-A-Moto : i thought 80% was needed? [2017-03-20 02:52:38] Farzad : I agree, they wont do it @51%. it is dangerous. [2017-03-20 02:52:47] datboiyuan : There is no threshold [2017-03-20 02:53:01] Farzad : they can do it @51% [2017-03-20 02:53:02] datboiyuan : theybcould do it now [2017-03-20 02:53:17] datboiyuan : it was that high yesterday [2017-03-20 02:53:22] j8 : indeed, someone already mined a block > 1 mb [2017-03-20 02:53:29] datboiyuan : HF will not happen [2017-03-20 02:53:33] j8 : by accident though [2017-03-20 02:53:42] datboiyuan : yeah cause of shitty code [2017-03-20 02:53:56] Farzad : datboiyuan: if u are sure, u can buy some cheap BTC @ $700 right now :D [2017-03-20 02:54:18] DorianWhack-A-Moto : https://twitter.com/JihanWu/status/843341104531427336 [2017-03-20 02:54:23] DorianWhack-A-Moto : uh oh [2017-03-20 02:55:02] DorianWhack-A-Moto : HF should be accelerated. what a madman [2017-03-20 02:55:22] Farzad : /fork [2017-03-20 02:55:23] trollbot : ``` Bitfinex BCC : 784.00 (0.00%) Bitfinex BCU : 225.40 (0.00%) SLQ : 8 mins``` [2017-03-20 02:56:17] Farzad : I think they would try to HF @ 75% to make sure BCC is dead. [2017-03-20 02:56:41] Farzad : they want to be the only and true BTC [2017-03-20 02:57:13] DorianWhack-A-Moto : yeah i think they may try and HF soon. future of bitcoin looks bleak short term [2017-03-20 02:57:31] DorianWhack-A-Moto : good time to make money though [2017-03-20 02:57:56] Farzad : They wont try to HF before they have enough hash power [2017-03-20 02:58:07] Farzad : or it would be a suicide [2017-03-20 02:58:13] Farzad : they are not stupid [2017-03-20 02:58:20] datboiyuan : Even 80% won't be enough [2017-03-20 02:58:23] datboiyuan : they are stupid ! [2017-03-20 02:58:31] Farzad : datboiyuan: why isnt 80% enough ? [2017-03-20 02:58:59] datboiyuan : in theory it is, sure but how long can they mine empty blocks and drive the price down? [2017-03-20 02:59:03] DorianWhack-A-Moto : i think HF will take us by surprise. there is a lot of politics and sneaky maneuvering happening. we wont know true hash power until it happens [2017-03-20 02:59:07] j8 : well any amount of hashpower is not enough if they're creating a coin that no one wants [2017-03-20 02:59:10] datboiyuan : theyll be hemorraging returns [2017-03-20 02:59:42] DorianWhack-A-Moto : already seen fake signaling for BU, it can go both ways [2017-03-20 03:00:20] micmix : j8: why no one? I would want to double my bitcoins for sure [2017-03-20 03:00:38] micmix : another set of coins to trade [2017-03-20 03:00:39] Farzad : no, u didnt get the point, if BTC loses majority of its hash power while difficulty is adjusted for a much higher hash rate, the delay between mined blocks will be huge. [2017-03-20 03:01:18] Farzad : meaning no transactions can be confirmed [2017-03-20 03:01:26] Farzad : and fees will soar to the moon ! [2017-03-20 03:01:37] Farzad : 500MB mempool [2017-03-20 03:01:39] j8 : Farzad: that's an easy fix though it means a rescue fork [2017-03-20 03:01:46] micmix : Farzad: yeah, it's a big problem. I think bitcoin core will need emergency hard fork for difficulty adjustment or/and PoW change [2017-03-20 03:01:59] j8 : yep [2017-03-20 03:02:30] Farzad : true, but they opposed BU at first because they said HF is dangerous and they dont agree with it @! [2017-03-20 03:02:31] micmix : volatility will go through the roof => lots of money to be made [2017-03-20 03:02:54] Farzad : it would be hypothetical if they want to hard fork now ! lol [2017-03-20 03:03:32] Farzad : core team are a bunch of idiots [2017-03-20 03:03:48] Farzad : in original BTC, there was no limit on block size [2017-03-20 03:03:59] Farzad : they put it temporarily [2017-03-20 03:04:14] Farzad : and satoshi said it should be removed it future if it is required [2017-03-20 03:04:33] Farzad : in * [2017-03-20 03:04:34] startChat : Farzad: Do you run a full node? [2017-03-20 03:04:46] Farzad : startChat: yes, I run a full BU node :D [2017-03-20 03:04:54] j8 : my point is that sure, with majority hashpower you can change the rules to whatever you want. but if the users strongly disagree (like if they increased the mining reward) then the coin is useless. they have to sell millions of dollars worth constantly to cover costs [2017-03-20 03:05:13] micmix : Farzad: tbh it's not a good argument. first bitcoin implementations were quite crappy code-quality wise [2017-03-20 03:06:17] datboiyuan : Hash power doesn't change the rules [2017-03-20 03:06:39] datboiyuan : Farzad: you run full BU? Did it remote crash when that bug leaked? [2017-03-20 03:07:03] DorianWhack-A-Moto : both sides need to work with each other. a fork/coin split is bad for bitcoin [2017-03-20 03:07:04] Farzad : micmix: it is not about code quality, it is a theorytical argument. core team wants to keep the block size limited. BU says market conditions should dictate block size limit. [2017-03-20 03:07:44] DorianWhack-A-Moto : BU are rushing to fork but they've already released buggy code that could have cost millions. [2017-03-20 03:08:32] micmix : Farzad: personally I would want segwit or other tx malleability fix plus 2mb blocks. fully dynamic block size is a bit dangerous, very hard to predict what happens with thousands of nodes and miners interacting [2017-03-20 03:09:48] Farzad : micmix: and what happens after 2mb block size is full ? we will be in another mess like today. this problem should be resolved once for all [2017-03-20 03:10:13] micmix : but in general I think hard forks should be a normal occurrence, otherwise bitcoin will stangnate [2017-03-20 03:10:14] datboiyuan : Farzad: I don't think so, the malleability will allow for easier solutions [2017-03-20 03:10:35] REKT : Liquidated long on `ETH7D`: sell 30 @ 0.041230 [2017-03-20 03:10:36] datboiyuan : HF has become a negative term somehow [2017-03-20 03:10:37] DorianWhack-A-Moto : micmix: hard forks can work but not a full coin split [2017-03-20 03:11:12] micmix : it's unreasonable to think that bitcoin just happened to stumble upon ideal setup and no changes needed [2017-03-20 03:11:15] DorianWhack-A-Moto : there can't be two bitcoins, one is an altcoin [2017-03-20 03:11:51] micmix : yeah, hf to upgrade the protocol, not a split [2017-03-20 03:11:55] datboiyuan : micmix: segwit allows for up to 4mb, right? [2017-03-20 03:12:15] DorianWhack-A-Moto : yeah the HF term is being thrown around, coin split should be a better term [2017-03-20 03:12:22] datboiyuan : but you'd get a split if enough hash chose not to upgrade [2017-03-20 03:12:34] micmix : segwit allocated additional 3mb for witness data, it's not the same as 4mb block size [2017-03-20 03:13:14] micmix : older software will be stuck with 1mb block [2017-03-20 03:14:24] micmix : there is incentive to use segwit tx with lower fees but not all software will be upgraded right away [2017-03-20 03:17:00] datboiyuan : The lower fees being the incentive? [2017-03-20 03:17:12] datboiyuan : are the transactions not faster as well? [2017-03-20 03:21:05] micmix : datboiyuan: yes, lower fees. txs are faster if backlog decreases. [2017-03-20 03:22:28] Farzad : just for comparison, DASH confirmation time is 4 seconds. BTC is 10 minutes ! [2017-03-20 03:22:46] micmix : but software update is a pain. for example, I made custom bitcoin daemon for a client a year ago, based on older bitcoin implementation. increasing blocksize is 5 min of work. adding segwit is 1-2 weeks [2017-03-20 03:22:50] DorianWhack-A-Moto : dash has instamine scam though. [2017-03-20 03:23:07] datboiyuan : Farzad: visa is faster too [2017-03-20 03:23:07] REKT : Liquidated long on `ETH7D`: sell 3 @ 0.040880 [2017-03-20 03:23:09] Farzad : DorianWhack-A-Moto: what do u mean ? [2017-03-20 03:23:19] Farzad : datboiyuan: visa is not p2p [2017-03-20 03:23:25] datboiyuan : Exactly [2017-03-20 03:23:34] DorianWhack-A-Moto : when dash launched 3 million or so dash were instamined by developers [2017-03-20 03:23:37] datboiyuan : neither is DASH [2017-03-20 03:23:45] datboiyuan : its P2MN2P [2017-03-20 03:24:13] j8 : dash block time is the same as litecoin, no? [2017-03-20 03:24:21] Farzad : DorianWhack-A-Moto: and satoshi owns more than 2-3 million BTC [2017-03-20 03:24:43] DorianWhack-A-Moto : that he mined properly [2017-03-20 03:24:54] DorianWhack-A-Moto : not fake created [2017-03-20 03:25:07] REKT : Liquidated long on `ETH7D`: sell 98 @ 0.040800 [2017-03-20 03:25:08] Farzad : DorianWhack-A-Moto: are they still fake creating ? [2017-03-20 03:25:33] Farzad : they created a pretty good coin, they deserve some compensation for that [2017-03-20 03:25:44] DorianWhack-A-Moto : no but those 3 million dash are still out there [2017-03-20 03:25:59] Farzad : I dont think market cares [2017-03-20 03:26:07] datboiyuan : micmix: but with malleability don't you prevent 3rd party tx id malleability? Thus improving overall speed (fewer confirms) [2017-03-20 03:26:24] DorianWhack-A-Moto : they should have destroyed them. bitcoin had a bug that let millions of extra coins get created and they were destroyed [2017-03-20 03:26:41] datboiyuan : the dash instamine doesn't bother me [2017-03-20 03:26:45] Rado : micmix: the big mistake was adding the limit in the first place [2017-03-20 03:27:06] DorianWhack-A-Moto : instamine should not happen in a real PoW coin [2017-03-20 03:27:31] datboiyuan : why [2017-03-20 03:28:32] datboiyuan : the potential for centralization in DASH is what I don't like about it [2017-03-20 03:28:48] DorianWhack-A-Moto : PoW = proof of work - instamine = instant coins. no difficulty adjustment [2017-03-20 03:29:30] DorianWhack-A-Moto : i'll create a shitcoin and give myself 3 million at launch. think it'll beat dash? [2017-03-20 03:29:32] Farzad : datboiyuan: how is DASH centralized ? [2017-03-20 03:30:01] dodic : Why is BU pushing so hard to fork soon? [2017-03-20 03:30:01] Farzad : DorianWhack-A-Moto: no, because it is shit. u create a great coin and give yourself 10 million, it will succeed. [2017-03-20 03:30:26] DorianWhack-A-Moto : Farzad: I'll call my coin RASH. it will spread all over. [2017-03-20 03:31:21] Farzad : /fork [2017-03-20 03:31:22] trollbot : ``` Bitfinex BCC : 788.90 (0.62%) Bitfinex BCU : 241.16 (6.99%) SLQ : 35 mins``` [2017-03-20 03:31:53] Rado : What are the percentages? [2017-03-20 03:32:07] Farzad : change since last query [2017-03-20 03:32:23] Rado : Thanks [2017-03-20 03:32:39] Rado : /fork [2017-03-20 03:32:39] Farzad : np [2017-03-20 03:32:40] trollbot : ``` Bitfinex BCC : 788.90 (0.00%) Bitfinex BCU : 241.16 (0.00%) SLQ : 1 min, ``` [2017-03-20 03:32:52] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 1041.85 [2017-03-20 03:32:52] REKT : Liquidated short on `XBTUSD`: buy 11 @ 1041.74 [2017-03-20 03:33:12] Farzad : @micmix u here ? [2017-03-20 03:37:07] REKT : Liquidated long on `ETH7D`: sell 127 @ 0.040280 [2017-03-20 03:37:29] DoubleU : what is ETH doing [2017-03-20 03:38:03] datboiyuan : Farzad: I'm not saying it is [2017-03-20 03:38:10] datboiyuan : althoughbit may be [2017-03-20 03:38:39] datboiyuan : i think as it becomes more and more expensive to run a MN, you have fewer people who can afford it [2017-03-20 03:40:28] KingTuna : DoubleU: Dumping [2017-03-20 03:40:39] Rado : DoubleU: ETH will come all the way down to 0.027-0.030 [2017-03-20 03:40:54] Farzad : datboiyuan: not true, master nodes gain 45% of mining coins. there is always competition for becoming a master node. [2017-03-20 03:41:20] Farzad : datboiyuan: do u think 100K or 200K is anything when there is guaranteed returns ? [2017-03-20 03:41:24] datboiyuan : Right but how many people can afford $100.000 nodes? [2017-03-20 03:41:34] datboiyuan : yes [2017-03-20 03:41:42] Farzad : thousands ! [2017-03-20 03:41:48] datboiyuan : right [2017-03-20 03:41:50] j8 : lol @ guaranteed returns [2017-03-20 03:42:01] datboiyuan : how many can afford $10k nodes [2017-03-20 03:42:11] datboiyuan : hundres of thousdands [2017-03-20 03:42:19] datboiyuan : ie, less centralized [2017-03-20 03:42:33] Rado : j8: he means 45% guaranteed [2017-03-20 03:42:35] Farzad : datboiyuan: do u know how many bitcoin nodes do we have ? [2017-03-20 03:42:42] Farzad : and it is completely free [2017-03-20 03:42:44] Rado : it might be $5 [2017-03-20 03:42:45] j8 : put in 100K dollars, get returns in dash.. what could go wrong [2017-03-20 03:42:52] datboiyuan : i don't think there is an accurate count [2017-03-20 03:42:55] Rado : Lol [2017-03-20 03:42:59] Farzad : datboiyuan: there is [2017-03-20 03:43:01] Rado : yeah [2017-03-20 03:43:16] datboiyuan : theyre free of dollar cost sure [2017-03-20 03:43:20] Farzad : master nodes have an incentive to run a full node [2017-03-20 03:43:24] j8 : guaranteed returns are if you could short dash for less than 9% or whatever a year [2017-03-20 03:43:25] datboiyuan : but not time cost or technical skill cost [2017-03-20 03:43:36] Farzad : in bitcoin u have no incentive to run a full node [2017-03-20 03:43:47] datboiyuan : privacy and consensus [2017-03-20 03:43:54] Farzad : dont wonder if dash master nodes surpass bitcoins free nodes ! [2017-03-20 03:44:13] j8 : but if you can make 9% p.a. as a master node, why would you lend for less than that? [2017-03-20 03:44:17] datboiyuan : the problem is any stupid fuck and drop $$ to run a MN [2017-03-20 03:44:31] datboiyuan : in bitcoin it's not just about having $$ [2017-03-20 03:44:40] datboiyuan : so thank you for provinnmy point [2017-03-20 03:45:11] Farzad : datboiyuan: what !? lol [2017-03-20 03:45:37] Farzad : so less nodes are better or more nodes ? [2017-03-20 03:45:44] needmoneyquick : why dont we work together and make our selves some money [2017-03-20 03:45:49] datboiyuan : More are better [2017-03-20 03:45:56] needmoneyquick : may as well help each other [2017-03-20 03:46:14] datboiyuan : incentive and barrier is way off for DASH [2017-03-20 03:46:26] datboiyuan : its aligned with capital greed [2017-03-20 03:46:35] datboiyuan : which of course is great, don't get me wrong [2017-03-20 03:46:46] datboiyuan : just != decentralization [2017-03-20 03:47:43] Farzad : well, I am not a DASH expert, but I think the market has spoken [2017-03-20 03:48:06] Farzad : DASH is 0.1 now. someday it may be >1 BTC [2017-03-20 03:48:24] Farzad : DASH ETH XMR are the future I think [2017-03-20 03:49:36] Farzad : capital is flowing from BTC into these coins [2017-03-20 03:49:49] Farzad : and rightfully so [2017-03-20 03:52:52] XXXX : DASH is as shit coin. I am long DASH since 0.03 but i think i will take my profits and short it after the next spike around 0.12 [2017-03-20 03:53:34] KingTuna : A 1434 BTC buy wall on ETH at Polo [2017-03-20 03:53:56] KingTuna : oops Se;ll wall and gone [2017-03-20 03:55:26] Farzad : Last 24h #bitcoin blocks have 43% for Unlimited and 8% for 8MB. CORE 1MB IS NOW A MINORITY. Good job, everyone working for improvements. [2017-03-20 03:55:34] datboiyuan : Yes dash is worth a lot right now, yes it was a good trade, yes I own dash [2017-03-20 03:55:47] datboiyuan : just think it's too likely to be centralized [2017-03-20 03:56:25] Farzad : datboiyuan: I dont think anything stops u from running a full node in DASH [2017-03-20 03:56:27] micmix : Farzad: sorry was afk [2017-03-20 03:56:39] datboiyuan : Farzad: $$ [2017-03-20 03:56:46] datboiyuan : youbhave to have enough $$ [2017-03-20 03:56:55] Farzad : micmix: np, since u are in bot biz, do u have a funding bot in bitfinex ? [2017-03-20 03:57:00] datboiyuan : the higher price goes, the fewer people can afford MN [2017-03-20 03:57:19] micmix : Farzad: no, don't do funding, waste of capital [2017-03-20 03:57:31] Farzad : micmix: really ? why ? [2017-03-20 03:58:07] Farzad : micmix: if u want to hodl for long term, why not to do funding ? [2017-03-20 03:58:28] micmix : Farzad: counterparty risk, not worth it imho [2017-03-20 03:58:44] micmix : esp. for bitcoin [2017-03-20 03:58:53] Farzad : counterparty risk ? can u elaborate plz ? [2017-03-20 03:59:04] Farzad : u mean risk from investing in bitfinex ? [2017-03-20 03:59:36] j8 : bitcoin rates are historically really low [2017-03-20 04:00:08] micmix : remember finex hack? that's one kind of risk. polo doesn't guarantee return of your prinicipal [2017-03-20 04:00:27] micmix : and as @j8 said, bitcoin rates are really low [2017-03-20 04:01:02] Farzad : yes, I am funding XMR DSH and ETH [2017-03-20 04:01:17] Farzad : BTC rates are so low ! [2017-03-20 04:01:45] Farzad : actually they are good now ! [2017-03-20 04:01:51] micmix : holding those coins is another kind of risk [2017-03-20 04:02:03] Farzad : 0.036%/day [2017-03-20 04:02:19] micmix : yeah, for a few days. average still very low [2017-03-20 04:02:21] j8 : yeah you don't want to buy stuff to lend it just because the rate is high.. that means sentiment is bad [2017-03-20 04:02:59] DorianWhack-A-Moto : /sentiment [2017-03-20 04:03:02] trollbot : ``` Sell/Buy Ratio Sentiment Hourly : 23.14 / 76.86 Daily : 47.84 / 52.16 Weekly : 55.81 / 44.19 Monthly : 52.58 / 47.42``` [2017-03-20 04:03:04] Farzad : j8: true, I lend because I have decided to hodl not because of rate. [2017-03-20 04:03:29] j8 : if you're already hodling and you accept the risks then yeah [2017-03-20 04:04:12] Farzad : I was watching SEC conference while everyone was waiting for ETF decision [2017-03-20 04:04:23] Farzad : and they provided some interesting stats [2017-03-20 04:04:32] j8 : i find a lot of people are eager to get a tiny return with big unknown risks [2017-03-20 04:04:49] Farzad : frequent traders earned much less than hodlers [2017-03-20 04:06:23] j8 : i guess not that surprising since those markets do go up on average and trading is basically zero sum [2017-03-20 04:07:15] Farzad : it has been true about BTC since 2 years ago [2017-03-20 04:07:35] Farzad : my point is that if u think a coin has great future [2017-03-20 04:07:47] Farzad : hodl it instead of trying to trade every up and down [2017-03-20 04:07:52] micmix : Farzad: 'most' frequent traders earned much less than hodlers [2017-03-20 04:08:16] j8 : yeah no doubt a few made a lot more [2017-03-20 04:08:19] Farzad : micmix: right. most ;) [2017-03-20 04:08:24] donsteep : also, strong selection bias there on an instrument that happened not to die [2017-03-20 04:08:36] donsteep : sorry, survival bias I mean [2017-03-20 04:08:52] Farzad : well, I prefer to put myself in most basket. lol [2017-03-20 04:09:02] Farzad : unfortunately I am not one of the few :D [2017-03-20 04:10:02] Farzad : and most of the people who think they are in "the few" basket, are those who will get REKT [2017-03-20 04:10:49] micmix : survival bias is a problem in crypto, same as in stocks [2017-03-20 04:11:32] Farzad : do u know when does bfx pay funding interests ? at the expiry ? or daily ? [2017-03-20 04:11:35] REKT : Liquidated long on `XMR7D`: sell 6 @ 0.022116 [2017-03-20 04:12:16] BitMEX_John : Farzad: funding is paid at the end of every 8 hour funding period [2017-03-20 04:12:36] micmix : j8: do you usually have all your coins hedged? [2017-03-20 04:12:42] Farzad : BitMEX_John: Thank you john ! I was asking about Bitfinex funding interest :) [2017-03-20 04:12:47] KingTuna : I have to say the ETH manipulation suggests it could make a run for 0.05.. [2017-03-20 04:13:00] BitMEX_John : Farzad: apologies, misread [2017-03-20 04:13:44] Farzad : KingTuna: it is not manipulation, ETH is a great great coin [2017-03-20 04:13:58] Farzad : smart money is moving into ETH [2017-03-20 04:14:04] Farzad : leaving BTC [2017-03-20 04:14:07] REKT : Liquidated long on `REP7D`: sell 399 @ 0.007600 [2017-03-20 04:14:52] Farzad : BTC has just a brand name advantage to other great coins [2017-03-20 04:15:09] Farzad : if u go into technical details [2017-03-20 04:15:15] j8 : micmix: these days i hedge around 80%, over the last couple years it was more like 40% on average [2017-03-20 04:15:16] Farzad : BTC is old and rusty [2017-03-20 04:15:40] KingTuna : Farzad: I agree.. Im not suggesting it's not a great coin. However, It is being manipulated on Polo pretty well. Don't forget it is whales that create volume and movement [2017-03-20 04:16:08] j8 : kind of want to hedge 100% though [2017-03-20 04:16:51] Rado : j8: did you make a buck on China and west becoming same price? [2017-03-20 04:17:25] Rado : j8: how do you protect against ADL? [2017-03-20 04:17:33] j8 : definitely. i usually start exiting a bit early though @Rado [2017-03-20 04:17:43] Rado : Great [2017-03-20 04:17:50] Rado : early is the way [2017-03-20 04:17:55] j8 : well on the ETF day i got hit hard by ADL [2017-03-20 04:18:19] XXXX : Everything is manipulation. Thats how money is made. And lose. I dont think ETH fundamentals imoroved 300% since ETF decision. So it is not the technology but hype speculation and manipulation. Go with he flow and make money. Just dont be a bagholder. [2017-03-20 04:18:22] j8 : everything closed above 1200 [2017-03-20 04:18:23] Rado : What do you do in that case? [2017-03-20 04:18:32] j8 : took a loss getting back in [2017-03-20 04:18:55] Rado : Right [2017-03-20 04:19:08] Rado : we have to figure out a way [2017-03-20 04:19:11] j8 : people that held on to a losing position did ok [2017-03-20 04:19:26] Rado : maybe a bit that will get in immediately if ADLed [2017-03-20 04:19:42] Rado : Bit=bot [2017-03-20 04:19:46] j8 : yeah not hard to do [2017-03-20 04:19:53] Rado : Yep [2017-03-20 04:22:17] micmix : j8: yeah, 100% hedge for a few month seems like a good way to go [2017-03-20 04:23:42] j8 : it's a bit crazy to be this high given everything going on [2017-03-20 04:24:55] DorianWhack-A-Moto : we are edging closer to a coin split everyday. soon 900 will seem high. [2017-03-20 04:25:56] XXXX : HF or nit we will see 600ish before things turn around. [2017-03-20 04:27:59] Rado : DorianWhack-A-Moto: ETH is at all time high after it did coin split [2017-03-20 04:28:23] Rado : don't assume you know what will happen [2017-03-20 04:28:36] DorianWhack-A-Moto : yeah and how long ago did the coin split happen? [2017-03-20 04:29:00] Rado : DorianWhack-A-Moto: nothing in markets happen the same way [2017-03-20 04:29:09] Rado : soecially if everyone expects it [2017-03-20 04:29:25] XXXX : ETH also dipped till the coin split [2017-03-20 04:29:26] DorianWhack-A-Moto : bitcoin split is much worse than eth. we are talking about a complete re-branding of what is known as bitcoin [2017-03-20 04:29:51] DorianWhack-A-Moto : much larger market cap [2017-03-20 04:29:56] DorianWhack-A-Moto : much larger coin [2017-03-20 04:31:20] micmix : I'm looking forward to holding bitcoin classic, bitcoin segwit and bitcoin unlimited [2017-03-20 04:31:58] micmix : triple my bitcoin holdings in a week lol [2017-03-20 04:32:45] XXXX : Yup at 2nd 3rd and 4th on coinmarketcap [2017-03-20 04:32:49] DorianWhack-A-Moto : what about bitcoin-lite? only 1% bitcoin [2017-03-20 04:32:55] DorianWhack-A-Moto : and NO sugar [2017-03-20 04:33:07] micmix : bitcoin segwit needs better brand than 'bitcoin core'. maybe 'bitcoin witted' or 'smart bitcoin'? [2017-03-20 04:34:05] XXXX : There is nothing wrong with bitcoin segwit. Except attachment to bkockstream. [2017-03-20 04:34:06] dodic : witless [2017-03-20 04:34:10] DorianWhack-A-Moto : Go to store. See "bitcoin accepted here" sticker, try to pay "sorry we don't accept THAT bitcoin". [2017-03-20 04:34:30] DorianWhack-A-Moto : huge problems coming. [2017-03-20 04:37:24] micmix : yeah, need a sign 'we accept 2 of 3 kinds of bitcoin. guess which two?" [2017-03-20 04:38:04] Rado : DorianWhack-A-Moto: you can exchange it online in 1 sec [2017-03-20 04:38:20] rapidtrades : price are crazy high considering the risks [2017-03-20 04:38:28] rapidtrades : too many dumb money seems to have netered past few months [2017-03-20 04:38:33] Rado : right now USD are not accepted in Thailand, but good luck exchanging at a good rate [2017-03-20 04:39:07] KingTuna : Anyone been to Taiwan? May head there with some of my recent profits over Easter for 1 week. I been to most other Asian destinations [2017-03-20 04:40:27] XXXX : Rado: what? superrich thailand gives excellent rates on usd conversions. [2017-03-20 04:40:47] DorianWhack-A-Moto : KingTuna: i thought you were going to vegas? [2017-03-20 04:41:45] KingTuna : DorianWhack-A-Moto: haha good memory... But then flight prices went through the roof overnight... Still tossing p between a few destinations [2017-03-20 04:42:10] DorianWhack-A-Moto : KingTuna: good memory? you said it like 12 hours ago [2017-03-20 04:42:20] rapidtrades : looks like we topped out in bitcoin [2017-03-20 04:42:32] DorianWhack-A-Moto : if it was 48 hours i would have forgotten lol [2017-03-20 04:43:03] KingTuna : DorianWhack-A-Moto: Ah yes lol Well I guess my username is quite distinct lol [2017-03-20 04:43:18] DorianWhack-A-Moto : yeah tuna is something that sticks out [2017-03-20 04:43:38] DorianWhack-A-Moto : beware the fish man [2017-03-20 04:43:40] DorianWhack-A-Moto : lol [2017-03-20 04:44:54] KingTuna : hahaha [2017-03-20 04:46:49] micmix : maybe I'll make Bitcoin Ultimate with 32mb blocks, segwit, smart contracts from rootstock, and privacy features from mimblewimble. if we're going for a split, let's split to something epic! @j8 @Rado @Farzad [2017-03-20 04:47:15] Farzad : micmix: cool ! plz let us instamine it :D [2017-03-20 04:47:27] Rado : micmix: I am in if you need help [2017-03-20 04:47:35] micmix : 20% of mined coins goes to developers lol [2017-03-20 04:47:48] Farzad : lol nice [2017-03-20 04:47:50] Farzad : I am in [2017-03-20 04:48:25] j8 : yes and bitmex can ICO it [2017-03-20 04:48:45] j8 : while we insider trade it [2017-03-20 04:48:56] Farzad : /fork [2017-03-20 04:48:57] trollbot : ``` Bitfinex BCC : 804.99 (2.04%) Bitfinex BCU : 245.85 (1.94%) SLQ : 1 hour, 16 mins``` [2017-03-20 04:48:59] DorianWhack-A-Moto : micmix: call it bitcoin-mit-mex [2017-03-20 04:49:05] Farzad : I am tempted to but BCU :D [2017-03-20 04:49:08] Farzad : buy * [2017-03-20 04:49:40] Farzad : very likely for fork to happen :D [2017-03-20 04:50:24] j8 : we gave you some good reasons not to but feel free [2017-03-20 04:53:40] elmorte : /fork [2017-03-20 04:53:41] trollbot : ``` Bitfinex BCC : 804.99 (0.00%) Bitfinex BCU : 245.85 (0.00%) SLQ : 4 mins``` [2017-03-20 05:00:30] Rado : ETH easy short over 0.040 [2017-03-20 05:01:13] rapidtrades : stop shorting altcoins dummies [2017-03-20 05:01:36] Rado : rapidtrades: the base around 1000 worked and took BTC to 1050 [2017-03-20 05:01:43] Rado : now very slow and painful [2017-03-20 05:02:04] rapidtrades : there's no base around 1k [2017-03-20 05:02:04] Rado : rapidtrades: alt coins are the best to short [2017-03-20 05:02:22] Rado : rapidtrades: there was for a few hours [2017-03-20 05:02:48] DorianWhack-A-Moto : bitcoin is the best to short right now [2017-03-20 05:02:59] Rado : Most alt coins will slowly come down [2017-03-20 05:03:05] rapidtrades : +1 [2017-03-20 05:03:18] rapidtrades : ^ that was for dorian not u rado [2017-03-20 05:03:33] rapidtrades : ur clueless [2017-03-20 05:06:13] Rado : rapidtrades: thanks, that means a lot coming from you [2017-03-20 05:14:56] laisee : Rapitrades is getting soft [2017-03-20 05:15:09] micmix : zec is going to be long of the century [2017-03-20 05:15:26] micmix : or at least long of the year [2017-03-20 05:15:41] micmix : not sure what year though lol [2017-03-20 05:15:56] j8 : last year was pretty good for zec [2017-03-20 05:16:23] laisee : zec had a very good 15 mins of fame [2017-03-20 05:16:32] elmorte : lol [2017-03-20 05:16:35] micmix : yeah, that was nice pre-launch long. I'm waiting for post-launch long [2017-03-20 05:17:12] laisee : Longing for a longer lomg? [2017-03-20 05:17:26] micmix : laisee: nice one :+1: [2017-03-20 05:18:36] laisee : best jikeson a momfay @micmix [2017-03-20 05:18:58] j8 : last week i went alt shopping, bought 1 btc each of stuff that wasn't pumping and isn't complete garbage, they all went up at least 30% in btc [2017-03-20 05:19:04] soubriquet : hey, is there an engineer or acct rep on? [2017-03-20 05:19:15] j8 : zec doubled [2017-03-20 05:19:51] DorianWhack-A-Moto : anyone heard of PIVX? [2017-03-20 05:20:00] soubriquet : wondering why my orders were cancelled as spam submissions [2017-03-20 05:20:27] soubriquet : now new orders are showing 0 display regardless of hidden box being checked [2017-03-20 05:20:44] soubriquet : and I don't want to pay taker fee unnecessarily [2017-03-20 05:20:51] j8 : you're only allowed so many tiny orders then they're hidden [2017-03-20 05:21:11] soubriquet : is there documentation about that anywhere? [2017-03-20 05:21:12] j8 : because otherwise people clog up the orderbook with 1's [2017-03-20 05:22:12] soubriquet : just wondering what the specs are since it's the first I've heard of it [2017-03-20 05:22:38] soubriquet : this was like 5 orders, not like 100 [2017-03-20 05:22:55] j8 : https://blog.bitmex.com/notice-regarding-spam-orders/ [2017-03-20 05:23:58] j8 : not sure if it's in the references somewhere, kind of a small detail. [2017-03-20 05:24:20] j8 : and you can have as many as you want if they're greater than 0.01 btc [2017-03-20 05:25:48] soubriquet : I see 1s in the orderbook all the time...but still no indication of what constitutes "a lot" [2017-03-20 05:26:43] j8 : probably 5 [2017-03-20 05:27:11] micmix : you can have 4, more than that and your account is marked as 'spammer' [2017-03-20 05:27:31] micmix : and all small orders will become hidden by default from now on [2017-03-20 05:27:37] j8 : ^ expert spammer right here [2017-03-20 05:27:57] micmix : yep, had to ask for my account to be unblocked on testnet lol [2017-03-20 05:28:29] j8 : spamming testnet, that's next level [2017-03-20 05:28:56] micmix : love this trollbox, only place to joke about this stuff. my friends and relatives have no idea what we do [2017-03-20 05:29:08] soubriquet : well that's lame...if you're going to penalize people, you should publicize what constitutes an offense before you punish them for it [2017-03-20 05:29:11] j8 : hah yeah likewise [2017-03-20 05:30:27] micmix : I can imagine this conversation with my parents: "what did you do this weekend?" - "not much, did some shopping, traded $10m in cryptocurrency derivatives" - "???" [2017-03-20 05:32:01] j8 : no kidding, best to just leave that part out lol [2017-03-20 05:32:42] micmix : yeah, I know lol [2017-03-20 05:33:37] Farzad : micmix: now u r on a list. lol [2017-03-20 05:34:04] micmix : what list? [2017-03-20 05:34:53] Farzad : micmix: your country taxing agency :D [2017-03-20 05:35:09] Farzad : want to get that $10m trading tax [2017-03-20 05:35:43] j8 : 10m volume is not 10m profit unfortunately [2017-03-20 05:36:41] micmix : I've been on that list for a long time, been reporting crypto profits since 2014 [2017-03-20 05:36:56] micmix : I pay taxes and sleep well ;-) [2017-03-20 05:39:13] j8 : that must be a thick tax return [2017-03-20 05:40:15] j8 : or you can aggregate a lot of it? [2017-03-20 05:43:55] micmix : I do weekly pnl for tax return [2017-03-20 05:46:31] KingTuna : Is anyone getting the impression the alts are tiring and potentially seeing the end of the bubble (or at least end of first round before some down) or lots more to come? [2017-03-20 05:47:32] REKT : Liquidated long on `XBTM17`: sell 7590 @ 1037.62 [2017-03-20 05:48:10] DorianWhack-A-Moto : going down [2017-03-20 05:48:30] DorianWhack-A-Moto : red candles look pretty [2017-03-20 05:50:00] DorianWhack-A-Moto : /sentiment [2017-03-20 05:50:02] trollbot : ``` Sell/Buy Ratio Sentiment Hourly : 61.83 / 38.17 Daily : 48.01 / 51.99 Weekly : 55.89 / 44.11 Monthly : 52.60 / 47.41``` [2017-03-20 05:52:15] DorianWhack-A-Moto : /price [2017-03-20 05:52:17] trollbot : ``` Bitstamp : 1028.52 (-0.72%) Bitfinex : 1028.20 (-1.04%) The Woodchipper : 1042.21 (-0.17%) itBit : 1031.87 (-0.45%) Kraken : 1006.23 (-2.68%) GDAX : 1030.00 (-0.99%) SLQ : 3 hours, 16 mins``` [2017-03-20 05:52:27] REKT : Liquidated long on `XBTUSD`: sell 8300 @ 1034.96 [2017-03-20 05:53:22] ThruTheFloor : Support holding, might bounce [2017-03-20 05:54:10] frog : from the strong 1030 support base? [2017-03-20 05:55:24] ThruTheFloor : From the lows since the short-term bull trend started [2017-03-20 05:55:35] frog : ok [2017-03-20 05:56:07] DorianWhack-A-Moto : i think its about to bounce down [2017-03-20 05:56:16] frog : me too [2017-03-20 05:56:25] startChat : lets do it [2017-03-20 05:56:26] startChat : 500 [2017-03-20 05:57:28] ThruTheFloor : Could be, 1h MACD is breaking down and we only made it half way thru the channel [2017-03-20 05:57:44] frog : not much volume though [2017-03-20 05:57:55] ThruTheFloor : That usually means down but I'ma wait before picking a side [2017-03-20 06:00:05] freact : ThruTheFloor: I'm new to trading. What do you mean by "we only made it half way thru the channel" [2017-03-20 06:00:44] startChat : /tradingguide [2017-03-20 06:01:23] ThruTheFloor : freact: We were in a channel 1030-1045, we only made it to 1037, not bouncing off the top. But I'm pretty new to this too, do some research before gambling on here. [2017-03-20 06:02:31] freact : ThruTheFloor: oh I see what you mean! thanks! I'm just trying to learn the basics with some play money I don't mind losing [2017-03-20 06:03:55] ThruTheFloor : freact: Try going thru this to learn some basics: http://www.babypips.com/school, also watch some risk management videos on youtube, someone also recommended the Ed Ponsi ForEx guide [2017-03-20 06:04:58] freact : ah yeah I saw that the other day. been trying to read a lot of articles etc too [2017-03-20 06:05:19] DorianWhack-A-Moto : buy the dips doesn't apply to this irrational market. trade with caution [2017-03-20 06:05:32] DorianWhack-A-Moto : short the tops is a better strategy [2017-03-20 06:05:56] freact : yeah I had a near miss buying the dips yesterday [2017-03-20 06:06:08] freact : trying the opposite today [2017-03-20 06:06:35] DorianWhack-A-Moto : i feel anything over 1000 is too high while the hf drama looms. [2017-03-20 06:07:11] freact : makes sense. I saw some charts someone posted here predicting as low as 800 using fibonacci [2017-03-20 06:07:18] DorianWhack-A-Moto : keep my shorts covered well over 1100 and there is no chance of rekt [2017-03-20 06:08:09] freact : hard to trust troll box advice though becuase we are playing against each other here ;) [2017-03-20 06:08:44] DorianWhack-A-Moto : true. assume everything i say is a lie. [2017-03-20 06:08:58] freact : lol [2017-03-20 06:09:01] frog : i assume 50% of what u say is a lie [2017-03-20 06:09:15] DorianWhack-A-Moto : you have to guess which 50% is the truth then lol [2017-03-20 06:09:55] frog : exactly