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.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2023-04-10 22:10:41] BullSoldier : bluemaster: 6.37x Leverage
[2023-04-10 22:10:58] Dericius : You did good
[2023-04-10 22:10:58] bluemaster : BullSoldier: don;t be greedy ,it is OK
[2023-04-10 22:11:03] HuskySquared : bluemaster: but yea no reason to be suspicious
[2023-04-10 22:11:05] HuskySquared : im quite solid dude
[2023-04-10 22:11:07] HuskySquared : as you know
[2023-04-10 22:11:26] Tron557 : can we see 30k before i sleep
[2023-04-10 22:11:30] BullSoldier : bluemaster: Yes true, at 20k i only wanted a 40k now i am sitting in 100-200k range and want more
[2023-04-10 22:11:33] bluemaster : HuskySquared: I am trying to find your old name
[2023-04-10 22:11:36] BullSoldier : bluemaster: but yeah you right
[2023-04-10 22:11:41] HuskySquared : we can crack a beer or so if im ever in australia
[2023-04-10 22:11:50] HuskySquared : bluemaster: probably husky something
[2023-04-10 22:11:54] HuskySquared : i got rekt hard before
[2023-04-10 22:11:57] HuskySquared : in may 2021
[2023-04-10 22:12:00] Dericius : HuskySquared: You are solid? I am liquid...ated
[2023-04-10 22:12:00] bluemaster : HuskySquared: you are welcome any time when you are in Melbourne
[2023-04-10 22:12:34] Dericius : Bitmex meeting
[2023-04-10 22:12:36] Dericius : Lol
[2023-04-10 22:13:32] Dericius : :arthur:
[2023-04-10 22:14:17] HuskySquared : slick breakout though
[2023-04-10 22:14:37] macieq : 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
[2023-04-10 22:15:04] marsin123 : Come on don't leave us hanging
[2023-04-10 22:15:15] marsin123 : Blast through that 30k now
[2023-04-10 22:15:30] kn0wm4d : I want to blast 30K and kiss 33K
[2023-04-10 22:15:41] bluemaster : HuskySquared: I Am looking chart for may 2021 to see what you are talking about ...give me few min
[2023-04-10 22:16:05] HuskySquared : bluemaster: i longed 48k went to 28k
[2023-04-10 22:16:30] HuskySquared : bluemaster: 100btc rekt or so
[2023-04-10 22:16:38] HuskySquared : lol
[2023-04-10 22:16:45] clarknova : Very interesting ETHUSD PA. 1900 support is defended
[2023-04-10 22:16:54] bluemaster : HuskySquared: and after they kill you went to 65 k , classic
[2023-04-10 22:17:11] HuskySquared : bluemaster: lmao yea
[2023-04-10 22:17:46] marsin123 : HuskySquared: 100 btc in 2021 was like $4 milli
[2023-04-10 22:17:55] HuskySquared : marsin123: thats true
[2023-04-10 22:17:59] bluemaster : HuskySquared: fucken FTX Alameda done that
[2023-04-10 22:18:30] marsin123 : HuskySquared: how you still have such a big stack homie
[2023-04-10 22:18:31] MANsa_MOONsa : ETH 2000
[2023-04-10 22:18:57] clarknova : bluemaster: yup
[2023-04-10 22:19:25] HuskySquared : marsin123: i come back stronger
[2023-04-10 22:19:41] marsin123 : Always bet more
[2023-04-10 22:20:01] HuskySquared : marsin123: if we breakout to 35k i have my loss recovered
[2023-04-10 22:20:05] HuskySquared : i think
[2023-04-10 22:20:07] marsin123 : I never got rekt hard Im too pussy to go full retard
[2023-04-10 22:20:46] HuskySquared : would love to see a good straight breakout to 40k
[2023-04-10 22:20:46] marsin123 : I always use no leverage. Maybe I should man up a bit more?
[2023-04-10 22:20:46] HuskySquared : tbh
[2023-04-10 22:21:18] HuskySquared : i do think it could happen
[2023-04-10 22:21:37] HuskySquared : if CPI isnt shit on wednesday
[2023-04-10 22:21:45] HuskySquared : and the eth shanghai update fud is gone
[2023-04-10 22:21:49] marsin123 : When people least expect it..
[2023-04-10 22:21:50] HuskySquared : i see us going straight 40k and over 2k eth
[2023-04-10 22:21:58] bluemaster : HuskySquared: 135k is my target adn they can laugh , I don;t give a shit
[2023-04-10 22:22:33] HuskySquared : bluemaster: ah same i mean i hope for over 100k too, but i likely will take some off once i recovered big chunk of my 2021 loss
[2023-04-10 22:22:42] Buckztr : 6hr bully btc https://www.tradingview.com/x/MjfsedHU
[2023-04-10 22:22:58] marsin123 : So you guys believe the 2019 meme? We go pump till end Q2 but no ATH then back down?
[2023-04-10 22:23:21] bluemaster : HuskySquared: and even there I will sell only my derivatives not my Hodl stack
[2023-04-10 22:23:21] Dericius : /upnl xbtusdt big gains ``` :bitmex: XBTUSDT: 0.28 USDT UPNL ```
[2023-04-10 22:23:28] HuskySquared : bluemaster: i never sell hodl stack
[2023-04-10 22:23:29] HuskySquared : what for
[2023-04-10 22:23:33] marsin123 : Dump after the Litecoin halving?
[2023-04-10 22:23:35] HuskySquared : only purpose in life is to get more bitcoin
[2023-04-10 22:23:39] HuskySquared : money we can make with normal wor ketc
[2023-04-10 22:23:54] Joeyy132 : bmex gunning for stops
[2023-04-10 22:23:57] marsin123 : Husky you still work?
[2023-04-10 22:24:03] marsin123 : Why would you
[2023-04-10 22:24:05] bmexlover : lol bmex team selling again
[2023-04-10 22:24:12] HuskySquared : marsin123: lol
[2023-04-10 22:24:13] bmexlover : 80 days dump
[2023-04-10 22:24:14] Bingkaruang : /competition rank ``` :bitmex: Bingkaruang rank: 85 ```
[2023-04-10 22:24:23] bluemaster : HuskySquared: exactly , you are young you will be OK mate
[2023-04-10 22:24:39] marsin123 : bluemaster: how younh is he?
[2023-04-10 22:24:58] bluemaster : marsin123: probably under 35
[2023-04-10 22:24:59] BullSoldier : marsin123: around 30
[2023-04-10 22:25:14] BullSoldier : Husky made it
[2023-04-10 22:25:18] al guul : 30 here we go 🚀
[2023-04-10 22:25:28] Dericius : I question myself
[2023-04-10 22:25:32] marsin123 : Nice age nice stack
[2023-04-10 22:25:35] HuskySquared : Dericius: how so
[2023-04-10 22:25:54] BullSoldier : i do suckysucky for 1 bitcoin
[2023-04-10 22:26:02] Dericius : HuskySquared: I'm just kidding, the contrast between the two of us
[2023-04-10 22:26:08] Rectile the reptile : im shorting to 100k guys
[2023-04-10 22:26:12] Sveinb : a stupid question about the fee structure. Does 1000000 ADV means average of one million every day for a month, or does it mean one million combined for 30 days?
[2023-04-10 22:26:34] HuskySquared : Dericius: contrast how? i mean you are same age group or
[2023-04-10 22:26:39] RonnieREKT : 🔥 Liquidated short on `DOGEUSD`: Buy 2000 Cont @ 0.08501 ($5,040.98) - Check your inbox
[2023-04-10 22:26:39] BullSoldier : Sveinb: 30
[2023-04-10 22:26:46] BAM Trading : Sveinb: second
[2023-04-10 22:27:02] BAM Trading : Sveinb: the total amount traded within 30 days
[2023-04-10 22:27:41] Sveinb : BAM Trading: thanks, 1 million a day seemed a lot :)
[2023-04-10 22:27:41] Dericius : HuskySquared: You are great at your young age, I am 25, but I could do better if I wasn't stupid.
[2023-04-10 22:27:49] HuskySquared : Dericius: lol
[2023-04-10 22:27:55] BAM Trading : Sveinb: you're welcome :)
[2023-04-10 22:28:35] BullSoldier : I am currently converting to bmex some btc
[2023-04-10 22:28:38] BullSoldier : lets go
[2023-04-10 22:28:43] HuskySquared : LETS GO
[2023-04-10 22:28:49] Dericius : HuskySquared: Well, you are inspiring
[2023-04-10 22:28:52] Dericius : +1
[2023-04-10 22:29:10] HuskySquared : Dericius: lol cheers man, trust me i have plenty of issues
[2023-04-10 22:29:57] HuskySquared : but you know at a certain point it becomes blurry which problems are necessary for next steps in life and which should have been avoided
[2023-04-10 22:30:15] HuskySquared : arguably facing some issues makes us do things we otherwise wouldnt do
[2023-04-10 22:30:22] Dericius : Yes!
[2023-04-10 22:30:22] HuskySquared : and thus would never go down certain paths
[2023-04-10 22:30:41] HuskySquared : its hard to say
[2023-04-10 22:31:08] Dericius : HuskySquared: we have many strengths too, thanks for your encouraging words! 🔥
[2023-04-10 22:31:19] HuskySquared : sometimes it is necessary
[2023-04-10 22:31:20] HuskySquared : to get rekt
[2023-04-10 22:31:23] HuskySquared : to advance in life
[2023-04-10 22:31:25] Dericius : It is
[2023-04-10 22:31:28] Dericius : Unfortunately
[2023-04-10 22:31:37] MANsa_MOONsa : LFG!!!!
[2023-04-10 22:31:39] HuskySquared : its good though it goes very hand in hand with the issue in monetary systems
[2023-04-10 22:31:41] HuskySquared : as example
[2023-04-10 22:31:53] HuskySquared : fiat system does not allow people to really get rekt, it always backstops due human nature is that nobody wants to lose
[2023-04-10 22:32:10] HuskySquared : but that then comes at a cost of stability of monetary/other human made systems
[2023-04-10 22:32:17] HuskySquared : it is just human behaviour
[2023-04-10 22:32:29] HuskySquared : which is precisely why bitcoin's value proposition makes a lot of sense
[2023-04-10 22:32:48] HuskySquared : it is necessary to lose
[2023-04-10 22:32:52] BullSoldier : HuskySquared: bmex has a 43 mil mcap
[2023-04-10 22:32:54] HuskySquared : it is necessary to get rekt even if nobody wants it
[2023-04-10 22:32:57] Dericius : 😯
[2023-04-10 22:33:05] BullSoldier : HuskySquared: if they do it right, it could easly 109x
[2023-04-10 22:33:06] Dericius : Man spittin FACTS
[2023-04-10 22:33:07] HuskySquared : in all aspects of life
[2023-04-10 22:33:07] BullSoldier : 10x
[2023-04-10 22:33:26] HuskySquared : but it is precisely why man made financial systems never work on a long time frame
[2023-04-10 22:33:36] HuskySquared : there will always be issues in teh world which would result for people to get rekt
[2023-04-10 22:33:39] Barcelona : L9ng or short here lol
[2023-04-10 22:33:44] Dericius : Don't short
[2023-04-10 22:33:46] HuskySquared : and politicans, other influential people etc, will want to avoid it for their own gains
[2023-04-10 22:33:48] HuskySquared : voters, etc
[2023-04-10 22:33:54] HuskySquared : if you let depositors get rekt, they wont vote you next time
[2023-04-10 22:34:03] HuskySquared : this is why man made monetary systems dont work
[2023-04-10 22:34:09] HuskySquared : people cant accept to lose
[2023-04-10 22:34:18] HuskySquared : instead they prolong the inevitable
[2023-04-10 22:34:30] Dericius : 💯
[2023-04-10 22:34:33] HuskySquared : nothing else
[2023-04-10 22:34:41] HuskySquared : i think we should all live by the philosophy of getting rekt
[2023-04-10 22:34:48] BullSoldier : :me:
[2023-04-10 22:34:58] BullSoldier : :pepe: :me:
[2023-04-10 22:35:11] Dericius : We sometimes take life too seriously
[2023-04-10 22:35:19] BullSoldier : :pepe: :me: :pepe:
[2023-04-10 22:35:57] HuskySquared : Dericius: it depends right, i mean getting rekt results in big time hurt
[2023-04-10 22:35:59] HuskySquared : no matter where
[2023-04-10 22:36:02] HuskySquared : people will take their lives
[2023-04-10 22:36:05] HuskySquared : families lose their homes
[2023-04-10 22:36:08] HuskySquared : its not good
[2023-04-10 22:36:11] HuskySquared : but it is necessary
[2023-04-10 22:36:24] HuskySquared : but no human would ever do it
[2023-04-10 22:36:30] HuskySquared : this is why the collapse this year was so interesting
[2023-04-10 22:36:34] HuskySquared : of all the crypto industry
[2023-04-10 22:36:54] HuskySquared : this happens in traditional finance, things get bailed out
[2023-04-10 22:36:57] HuskySquared : not here
[2023-04-10 22:37:00] HuskySquared : things collapsed
[2023-04-10 22:37:02] HuskySquared : people got hurt
[2023-04-10 22:37:09] HuskySquared : bitcoin keeps working as it used to, no change in monetary policy
[2023-04-10 22:37:10] HuskySquared : and this is good
[2023-04-10 22:37:44] Dericius : You make me think
[2023-04-10 22:37:51] HuskySquared : this is precisely why the value proposition of ethereum is different btw
[2023-04-10 22:37:51] bluemaster : can someone wake up SteveS .poor guy must be having nightmare now
[2023-04-10 22:38:00] shredder : no point micro analysing. we are all floating on much larger currents that we barely aware of
[2023-04-10 22:38:05] HuskySquared : so ethereum we can discuss technical merits, idea, etc and what value of that is
[2023-04-10 22:38:10] HuskySquared : but it is ultimately still human driven
[2023-04-10 22:38:17] HuskySquared : in many aspects
[2023-04-10 22:38:21] HuskySquared : and it has to be given what it is
[2023-04-10 22:38:32] HuskySquared : as its not a finished thing, it wants to be much more
[2023-04-10 22:38:43] HuskySquared : but this also means that the real value proposition from investment point of view
[2023-04-10 22:38:45] HuskySquared : is way way different
[2023-04-10 22:38:51] HuskySquared : bitcoin is simple
[2023-04-10 22:39:04] Rectile the reptile : yea its an upwards collapse
[2023-04-10 22:39:11] Dericius : Do you think we can replace Ethereum?
[2023-04-10 22:39:16] MANsa_MOONsa : how many vyvanse you take today bro lol
[2023-04-10 22:39:28] shredder : bitcoins simplicity is important because it acts as a touchstone for the whole crypto industry
[2023-04-10 22:39:28] Atlemos : Any trolls in??
[2023-04-10 22:39:33] HuskySquared : Dericius: depends on what for
[2023-04-10 22:39:47] MANsa_MOONsa : TROLLIN 4 LIFE
[2023-04-10 22:39:50] shredder : btc relatable. in a way that eth (and everything else) is not yet achieved
[2023-04-10 22:39:50] MANsa_MOONsa : SHORT IT
[2023-04-10 22:40:06] Dericius : HuskySquared: You mentioned that the potential has not yet been exhausted. Does that mean that something else could unlock that potential?
[2023-04-10 22:40:18] Rectile the reptile : MANsa_MOONsa: im short to 100k
[2023-04-10 22:40:19] HuskySquared : Dericius: no i mean as in, nobody knows where ethereum or other experiments go
[2023-04-10 22:40:34] MANsa_MOONsa : Rectile the reptile: there we go
[2023-04-10 22:40:41] HuskySquared : could be replaced sure if developer mindshare moves elsewhere
[2023-04-10 22:40:44] HuskySquared : but thats hard one to move
[2023-04-10 22:41:01] HuskySquared : the big question though is, why does ETH the token need to have a big value
[2023-04-10 22:41:08] LittleBuck : Nonpoint - What A Day btc https://www.youtube.com/watch?v=xSajjsER8iQc
[2023-04-10 22:41:16] HuskySquared : i think its way more speculative than bitcoin
[2023-04-10 22:41:31] Dericius : Yes, it's difficult
[2023-04-10 22:41:34] HuskySquared : nfts/ordinals are a nice thing, arguably works also on bitcoin
[2023-04-10 22:41:37] Atlemos : Come on Camoe, btc's moving, time to log in!
[2023-04-10 22:41:38] shredder : eth has threatened to flip btc in the past. think those will be the last and only times that ever happens? i dunno.
[2023-04-10 22:41:41] Rectile the reptile : joke im just long to 100k
[2023-04-10 22:41:43] HuskySquared : the thing with those software projects is ultimately its software, can all be changed
[2023-04-10 22:41:43] Dericius : I'm wondering, if it collapes, could 3rd gen (sol, matic etc.) replace it?
[2023-04-10 22:41:46] LittleBuck : 3hr btc bully https://www.tradingview.com/x/htPn79ip
[2023-04-10 22:41:55] HuskySquared : Dericius: i believe the issue with all of them is the same
[2023-04-10 22:42:00] HuskySquared : the value proposition isnt there
[2023-04-10 22:42:07] HuskySquared : use case etc needs to be figured out
[2023-04-10 22:42:13] HuskySquared : why does it have value?
[2023-04-10 22:42:15] Dericius : I think smart contracts?
[2023-04-10 22:42:21] Dericius : Unlike btc
[2023-04-10 22:42:30] HuskySquared : yea but what does it mean, so far and correct me if wrong there a lot of them still have kind of central counterparties
[2023-04-10 22:42:42] Dericius : I'm with you and I don't know
[2023-04-10 22:42:51] HuskySquared : automating lending, trading etc stuff i think thats all very exciting
[2023-04-10 22:43:05] HuskySquared : doing this in a fashion that humans aren't needed
[2023-04-10 22:43:09] HuskySquared : trustless in a way
[2023-04-10 22:43:14] HuskySquared : but it has issues hence all the hacks
[2023-04-10 22:43:14] HuskySquared : etc
[2023-04-10 22:43:27] HuskySquared : but so the thing is
[2023-04-10 22:43:32] shredder : it's the same old problem alt coins had since day 1. that is, its all well and good to be a cryptocoin clone, but that's just it, you're simply a clone with all the technical parameters tweaked to the nth degree. still a clone. still basing your use case upon something which already exists (btc).
[2023-04-10 22:43:35] HuskySquared : while those things are super interesting
[2023-04-10 22:43:43] HuskySquared : why does it mean ETH needs a high market cap
[2023-04-10 22:43:46] HuskySquared : or traded value
[2023-04-10 22:43:57] MANsa_MOONsa : /position xbtusd ``` :bitmex: XBTUSD: -20,000 USD @ 29693.5 ```
[2023-04-10 22:44:00] RonnieREKT : 🔥 Liquidated short on `XRPUSD`: Buy 1800 Cont @ 0.5165 ($5,515.42) - McDonald's is hiring
[2023-04-10 22:44:00] MANsa_MOONsa : =)
[2023-04-10 22:44:07] HuskySquared : sure you need ETH to do the smart contracts etc but thats essentially just fees etc no
[2023-04-10 22:44:13] HuskySquared : so why would ie be this level of expensive
[2023-04-10 22:44:17] HuskySquared : thats speculation mainly
[2023-04-10 22:44:23] Dericius : HuskySquared: Maybe it has the value it deserves
[2023-04-10 22:44:34] BAM Trading : HuskySquared: All crypto is still centralized af and people don't even realize
[2023-04-10 22:44:38] HuskySquared : with proof of stake this gets more problematic because there is now also no cost associated in 'creating' ethg
[2023-04-10 22:44:50] BAM Trading : HuskySquared: or do you still have me muted from the china thing?
[2023-04-10 22:44:51] HuskySquared : hence removing the price floor
[2023-04-10 22:44:57] shredder : lets face it if someone wants to make "smart contract which uses computers to check conditionals", they dont need a crypto coin to do it
[2023-04-10 22:44:57] HuskySquared : BAM Trading: i dont remember
[2023-04-10 22:45:04] HuskySquared : we spoke about china?
[2023-04-10 22:45:06] Dericius : You need a pretty big stake tho
[2023-04-10 22:45:07] BAM Trading : HuskySquared: ah I ok nvm
[2023-04-10 22:45:31] BAM Trading : anyways all crpyot has 1 major weakpoint and people never talk about it. I have never heard a single person ever talk about it....
[2023-04-10 22:45:37] HuskySquared : ethereum is a tool looking for a use
[2023-04-10 22:45:59] HuskySquared : so far it is just a bed of stuff that did not really work
[2023-04-10 22:46:01] BAM Trading : what is an absolutely quint essential component of being able to use crypto at all?
[2023-04-10 22:46:23] HuskySquared : (or with drawbacks, some stuff is of course cool -- but yea, drawbacks)
[2023-04-10 22:46:31] Atlemos : Stop trolling, i got this
[2023-04-10 22:46:39] shredder : yes smart contract is a feature needing a truly meaningful use case. at this point not a single one of us here will be, or wants to, use a smart contract in our day to day life.
[2023-04-10 22:46:51] HuskySquared : yup
[2023-04-10 22:47:04] Dericius : That's speculation
[2023-04-10 22:47:04] BAM Trading : shredder: ofcourse people want to use smart contract
[2023-04-10 22:47:08] HuskySquared : the trading etc part is nice but again, it depends -- if you have to still trust a counterparty to i.e. wrap bitcoin, or stablecoin,e tc
[2023-04-10 22:47:14] shredder : BAM Trading: not ordinary day to day people
[2023-04-10 22:47:15] BAM Trading : it can makle things far more efficient and much cheaper
[2023-04-10 22:47:15] HuskySquared : it kinda defeats imho the point
[2023-04-10 22:47:21] BAM Trading : shredder: yes they do
[2023-04-10 22:47:50] MANsa_MOONsa : /position ethusd ``` :bitmex: ETHUSD: -1,000 Cont @ 1907.35 ```
[2023-04-10 22:47:52] MANsa_MOONsa : =)
[2023-04-10 22:47:52] BAM Trading : shredder: jkust because they don't know what is is and does doesn't mean that they would want it if they fully knew all implications of it
[2023-04-10 22:48:11] Dericius : There are too many industries needing smart contracts, like you mentioned, lending, trading, insurance, music, art, no centralized entity
[2023-04-10 22:48:22] shredder : BAM Trading: we have all known what contracts and automation are, for a long time, before ethereum
[2023-04-10 22:48:52] BAM Trading : shredder: so?
[2023-04-10 22:49:18] Dericius : I am a hobby musician and want a decentralized Spotify, but for that you need smart contracts and tokens!
[2023-04-10 22:49:32] shredder : the notion of automated contracts is not intrinsic in any way to crypto or to ethereum.
[2023-04-10 22:49:48] shredder : it's a false mental association
[2023-04-10 22:50:04] Dericius : You need coins to be transfered automatically
[2023-04-10 22:50:08] Dericius : You can't take the USD
[2023-04-10 22:50:17] BAM Trading : Dericius: you wouldn't necessairil;y need "tokens" or anything but the smart contract yes, all the "tokens" and "coins" are just scams
[2023-04-10 22:50:21] BAM Trading : all of them
[2023-04-10 22:50:37] BAM Trading : with no single exception
[2023-04-10 22:50:46] LittleBuck : Ted Nugent - Stranglehold btc https://www.youtube.com/watch?v=hzFpiW5vHrc
[2023-04-10 22:50:52] BAM Trading : the only reason they are being implemented is because they are easy money
[2023-04-10 22:50:52] Dericius : BAM Trading: As a musician, I need to be rewarded with currency in the case of a decentralized Spotify.
[2023-04-10 22:51:09] Dericius : We can't implement USD in a smart contract
[2023-04-10 22:51:11] BAM Trading : Dericius: sure but I'd still rather have euros than btc
[2023-04-10 22:51:13] shredder : every "if/then/else" statement written by every coder that ever existed... is a "smart contract"
[2023-04-10 22:51:18] Dericius : BAM Trading: Me too, but it doesn't exist
[2023-04-10 22:51:24] HuskySquared : Dericius: im confused on this use case
[2023-04-10 22:51:27] HuskySquared : say you make your own music etc
[2023-04-10 22:51:40] HuskySquared : what prevents you from just hosting your own website accepting stuff in bitcoin and automatically unlocking music for payers
[2023-04-10 22:51:49] Dericius : If somebody streams my song, I need to get rewarded immediately
[2023-04-10 22:51:55] Dericius : Trustless
[2023-04-10 22:51:57] HuskySquared : yea but you can do that
[2023-04-10 22:52:00] BAM Trading : Dericius: you mean the concept fo getting payed though a decentralized network for musicians?
[2023-04-10 22:52:05] Dericius : BAM Trading: Yes
[2023-04-10 22:52:15] Dericius : Without an centralized entity (like Spotify)
[2023-04-10 22:52:16] HuskySquared : if you think that smart contract will prevent people from ripping your song out and playing it without paying you
[2023-04-10 22:52:17] HuskySquared : that wont work
[2023-04-10 22:52:21] HuskySquared : yea you can just
[2023-04-10 22:52:23] Dericius : HuskySquared: Spotify does
[2023-04-10 22:52:24] HuskySquared : host website yourself
[2023-04-10 22:52:25] Dericius : Not the people
[2023-04-10 22:52:27] Dericius : Spotify is ripping us
[2023-04-10 22:52:51] Dericius : We need a platform
[2023-04-10 22:52:53] HuskySquared : yea you can already do that, dont need smart contract
[2023-04-10 22:52:55] HuskySquared : or so
[2023-04-10 22:53:03] BAM Trading : Dericius: do you ever use google?
[2023-04-10 22:53:15] shredder : the irony is that once you become a platform, all the same annoyances inevitably creep in
[2023-04-10 22:53:19] HuskySquared : just host website of your songs, advertise them as you would need to do elsewhere too
[2023-04-10 22:53:19] HuskySquared : etc
[2023-04-10 22:53:28] HuskySquared : do some payment stuff so u get paid
[2023-04-10 22:53:37] HuskySquared : much better solution
[2023-04-10 22:53:37] BAM Trading : Dericius: first search result on "decetralized music platform": https://dailycoin.com/top-10-decentralized-music-streaming-platforms-to-consider-in-2022/
[2023-04-10 22:53:42] Dericius : Imagine I'm a musician, I need a platform
[2023-04-10 22:54:07] HuskySquared : Dericius: you would still go to spotify too due to the user base
[2023-04-10 22:54:10] Dericius : I used Audius, yes and it rewards us with tokens
[2023-04-10 22:54:10] BAM Trading : ☝️☝️☝️
[2023-04-10 22:54:19] HuskySquared : etc
[2023-04-10 22:54:20] Dericius : HuskySquared: Absolutely, but we want change
[2023-04-10 22:54:30] HuskySquared : Dericius: yea but thats not a change you as musician drive
[2023-04-10 22:54:33] HuskySquared : its a change the users drive
[2023-04-10 22:54:37] bluemaster : HuskySquared: so what we going to do now ,no more trading just occasional add to positions for next 12 months ..hakuna matata zone
[2023-04-10 22:54:38] HuskySquared : i.e. the listeners
[2023-04-10 22:54:43] Dericius : HuskySquared: Yes, they need to get coins for listening to my music
[2023-04-10 22:54:54] shredder : i can appreciate the desire for platforms that are by-the-people for-the-people, to sidestep the corporate rat race
[2023-04-10 22:55:14] HuskySquared : well no thats wrong way, you need to accomodate them in what they want so they can listen to your music, else your music will not be seen and nobody will listento it
[2023-04-10 22:55:19] HuskySquared : they dont need to do anything
[2023-04-10 22:55:25] HuskySquared : they are the consumer in this case
[2023-04-10 22:55:34] HuskySquared : if its too much hassle they will just nto listen to your music
[2023-04-10 22:55:38] HuskySquared : and listen to someone elsesm usic
[2023-04-10 22:55:49] Buckztr : 6hr btc bully https://www.tradingview.com/x/hms4hrW6
[2023-04-10 22:56:14] HuskySquared : if you have a fan base that lsitens to you anyways you dont need a platform
[2023-04-10 22:56:17] HuskySquared : you just do that on your own website
[2023-04-10 22:56:18] BAM Trading : HuskySquared: i mean to be fair all userbases started somewhere and were build over time
[2023-04-10 22:56:25] shredder : music, like money, has mainstreams, and niches. platform doesnt change that
[2023-04-10 22:56:27] HuskySquared : BAM Trading: yea
[2023-04-10 22:56:37] Dericius : YouTube enables videos
[2023-04-10 22:56:39] Dericius : Spotify enables music
[2023-04-10 22:56:42] HuskySquared : but it will be very hard to convince users to use some decentralized platform etc if there is no real benefit to it
[2023-04-10 22:56:50] Dericius : How come the Brave browser is becoming more and more popular? Because it rewards people for using it. I want people to be rewarded for listening to my music while at the same time rewarding me even more
[2023-04-10 22:56:51] HuskySquared : thats why i dont see any of those taking off
[2023-04-10 22:56:59] HuskySquared : Dericius: yea
[2023-04-10 22:57:02] HuskySquared : it rewards th eusers
[2023-04-10 22:57:05] HuskySquared : you want the users to reward you
[2023-04-10 22:57:08] Dericius : No
[2023-04-10 22:57:11] Dericius : I want both rewarded
[2023-04-10 22:57:15] HuskySquared : how does that work
[2023-04-10 22:57:20] Dericius : I dunno, but it does
[2023-04-10 22:57:21] Dericius : xD
[2023-04-10 22:57:23] HuskySquared : lol
[2023-04-10 22:57:29] BAM Trading : Dericius: honestly, i think it also grew simply because of the privacy part
[2023-04-10 22:57:36] RonnieREKT : 🔥 Liquidated short on `KLAYUSDT`: Buy 2000 KLAY @ 0.24371 ($487.54)
[2023-04-10 22:57:38] BAM Trading : for me personally that is the ONLY reson I use it
[2023-04-10 22:57:49] Dericius : I like it
[2023-04-10 22:57:52] Dericius : Idk why
[2023-04-10 22:57:55] HuskySquared : Dericius: it has to make sense somehow right
[2023-04-10 22:58:00] HuskySquared : if both are rewarded, its a zero sum game
[2023-04-10 22:58:09] Dericius : HuskySquared: Theta rewards viewers and streamers at the same time too and it's not collapsing
[2023-04-10 22:58:11] HuskySquared : else you create stuff out of thin air for watching x which means it has 0 value
[2023-04-10 22:58:20] Dericius : You just give the artist more than the viewer, like 10x more
[2023-04-10 22:58:20] HuskySquared : rewards how, ads?
[2023-04-10 22:58:27] Dericius : Brave actually uses ads
[2023-04-10 22:58:28] Dericius : Good idea
[2023-04-10 22:58:38] HuskySquared : then we are back to centralized systems and talk monetization etc
[2023-04-10 22:58:46] Dericius : Hmmm...
[2023-04-10 22:58:49] Dericius : It seems to work
[2023-04-10 22:58:49] BAM Trading : Dericius: or better worded you give the platform only a small piece of the artists earnings
[2023-04-10 22:58:54] New Age : /pnl xbtm23 prezi plain jane? ``` :bitmex: XBTM23: -0.0589 XBT RPNL, 31.2931 XBT UPNL ```
[2023-04-10 22:59:05] New Age : /pnl xbtu23 or bussdown cartier? ``` :bitmex: XBTU23: -0.0051 XBT RPNL, 2.2502 XBT UPNL ```
[2023-04-10 22:59:07] HuskySquared : Dericius: but is it sustainable setups? does it actually work over long time? etc
[2023-04-10 22:59:18] HuskySquared : or is it someone taking a loss to make it all function to grow userbase
[2023-04-10 22:59:21] Dericius : HuskySquared: It did for $THETA, if I'm not wrong...
[2023-04-10 22:59:22] HuskySquared : without clear monetization setup
[2023-04-10 22:59:32] Dericius : I'm not an expert, just a visionary
[2023-04-10 23:00:12] HuskySquared : Dericius: ah yea but there you provide something no?
[2023-04-10 23:00:17] HuskySquared : like computation resources etc
[2023-04-10 23:00:20] HuskySquared : so you create a market
[2023-04-10 23:00:26] LittleBuck : Radar Love btc https://www.youtube.com/watch?v=GyAvXV1NJNY
[2023-04-10 23:00:33] HuskySquared : i dont know theta so here just what i assume
[2023-04-10 23:00:38] Dericius : HuskySquared: In this case I provide entertainment
[2023-04-10 23:00:44] shredder : markets ultimately need to sell themselves. be an irresistably desirable product or thing
[2023-04-10 23:00:56] shredder : thats value
[2023-04-10 23:01:04] HuskySquared : native token and branch off tokens (theta fuel?) used to acquire computing poweror other service facilitated by the platform
[2023-04-10 23:01:07] shredder : all the rest is just games
[2023-04-10 23:01:13] HuskySquared : so i want to get it, i need to buy the token
[2023-04-10 23:01:18] HuskySquared : so i can then use it to buy the computing power
[2023-04-10 23:01:39] HuskySquared : in that setup your idea would work, get paid for your music and people need to pay for it
[2023-04-10 23:01:50] HuskySquared : if they get something back its i nessence just you giving thema discount
[2023-04-10 23:02:00] HuskySquared : but still means someone has to buy the token to begin with
[2023-04-10 23:02:22] Dericius : HuskySquared: Yes, I agree
[2023-04-10 23:02:30] Dericius : I'm trying to wrap my head around it as we speak
[2023-04-10 23:02:40] Buckztr : 30k usd 1 btc psycho level
[2023-04-10 23:02:43] HuskySquared : so then the question is, do you just want the platform as a user acquisition channel for your music
[2023-04-10 23:02:54] HuskySquared : at which point as a musician you want to use this one, spotify and have your own website
[2023-04-10 23:02:55] Dericius : I want a platform without an entity controlling it
[2023-04-10 23:02:57] HuskySquared : potentially even runs ads
[2023-04-10 23:03:14] Dericius : Censorship free and stuff
[2023-04-10 23:03:16] bluemaster : See you guys in few months no point to watch this anymore ,let contracts expire whatever price ..I trade more profitable when I am not even watching market .:bitcoin:
[2023-04-10 23:04:34] Dericius : Maybe I can upload my music to the blockchain, and when people listen to it, they get the token created and automatically converted by advertisers?
[2023-04-10 23:05:08] HuskySquared : Dericius:so we are talking proof-by-listener
[2023-04-10 23:05:09] HuskySquared : lol
[2023-04-10 23:05:13] HuskySquared : in order to mint tokens?
[2023-04-10 23:05:18] Dericius : Proof-of-ads
[2023-04-10 23:05:20] Dericius : Kinda
[2023-04-10 23:05:22] HuskySquared : wont work technically, could be gamed since it needs trusted system
[2023-04-10 23:05:30] Dericius : :/
[2023-04-10 23:05:40] HuskySquared : ads wont work here, for the record i run digital advertising businesses
[2023-04-10 23:05:43] Anya2019 : /position xbtu23 ``` :bitmex: XBTU23: 200,000 USD @ 20000 ```
[2023-04-10 23:06:17] HuskySquared : i mean one thing you could do
[2023-04-10 23:06:38] HuskySquared : store encryped version of your music on the blockchain using i.e. ordinals, give out some UI to access it for buyers
[2023-04-10 23:06:39] HuskySquared : but i dunno
[2023-04-10 23:06:44] HuskySquared : i dont think it really makes sense becuase
[2023-04-10 23:06:51] HuskySquared : it would just be copied out and then made accessible anyways
[2023-04-10 23:06:54] HuskySquared : so thats always your risk
[2023-04-10 23:06:56] TinyPenisMan : Dericius: Brave browser is losing popularity because of how shit it's becoming and Brave isn't used because of it's rewards. The rewards are useless, it's the features that brave offers over traditional browsers.
[2023-04-10 23:07:06] Dericius : HuskySquared: In other words, do you think we can effectively decentralize Spotify, assuming that users will follow?
[2023-04-10 23:07:26] HuskySquared : i would say, imprint your mp3 onto the bitcoin blockchain via ordinals
[2023-04-10 23:07:29] HuskySquared : in addition to hosting it yourself
[2023-04-10 23:07:46] HuskySquared : that way its always there
[2023-04-10 23:07:51] ghbb : /competition join ``` :bitmex: ghbb is already in the competition "Easter Competition" ```
[2023-04-10 23:07:56] HuskySquared : the payment issue you wont avoid anyways, if peopel want to steal it they will
[2023-04-10 23:08:00] Dericius : TinyPenisMan: I agree, but that's another topic rn
[2023-04-10 23:08:02] HuskySquared : no avoiding that due to the nature of how music works
[2023-04-10 23:08:12] HuskySquared : could even just intercept the speaker output
[2023-04-10 23:08:35] HuskySquared : Dericius: i think it would be hard to do in a really trustless matter that wont be gamed
[2023-04-10 23:08:44] HuskySquared : i dont believe users will see any use from it
[2023-04-10 23:09:09] HuskySquared : hosting all the music etc it takes space to scale
[2023-04-10 23:09:13] HuskySquared : as well
[2023-04-10 23:09:19] MANsa_MOONsa : eth scamming baby lets gooo
[2023-04-10 23:09:21] LittleBuck : 3hr btc bully https://www.tradingview.com/x/4uCrUx6N
[2023-04-10 23:09:22] HuskySquared : like if you want this to be the scale of i.e. spotify
[2023-04-10 23:09:42] HuskySquared : like file storage isnt the problem you can do that multiple ways
[2023-04-10 23:09:46] Dericius : What about videos?
[2023-04-10 23:09:50] Dericius : Instead of music
[2023-04-10 23:09:51] HuskySquared : same
[2023-04-10 23:09:57] Dericius : Right
[2023-04-10 23:09:59] HuskySquared : in terms of setup theres no practical difference
[2023-04-10 23:10:00] New Age : "decentralize everything!!!11" are so midwits it's not even worth the effort
[2023-04-10 23:10:04] LittleBuck : Bad To The Bone btc https://www.youtube.com/watch?v=nqgUG_JVzCs
[2023-04-10 23:10:22] Dericius : There has to be a way to create Spotify without the Spotify entity behind it collecting money and distributing royalties to artists, which can be automated
[2023-04-10 23:10:33] gaferreira : lets goooooooooooooo
[2023-04-10 23:10:53] HuskySquared : Dericius: sure, create a platform which grabs the data from some decentral source (i.e. ordinals) and displays it
[2023-04-10 23:11:03] HuskySquared : but whether users will pay you or not, thats then up to them
[2023-04-10 23:11:08] HuskySquared : thats something you wont be able to enforce
[2023-04-10 23:11:26] edo-stark : clear skies close
[2023-04-10 23:12:02] Dericius : Okay we pumpin, I won't bother you anymore, thank you for your explanation!
[2023-04-10 23:12:04] HuskySquared : in essence you would imprint a format to include data such as artist name, etc
[2023-04-10 23:12:05] TinyPenisMan : Why decentralize it and how is it that any better than than a centralized system like Spotify?
[2023-04-10 23:12:09] HuskySquared : and the mp3
[2023-04-10 23:12:25] Dericius : TinyPenisMan: Because Spotify pays like shit and it has a lot of problems with royalities
[2023-04-10 23:12:28] HuskySquared : and then create a UI frontend for people to browse it, but the song data etc would be decentralized and stored in the bitcoin blockchain for example
[2023-04-10 23:12:32] HuskySquared : or any public blockchain really
[2023-04-10 23:12:41] HuskySquared : but the payment thing will be the problem, no real way to do it
[2023-04-10 23:12:43] HuskySquared : imo
[2023-04-10 23:12:55] HuskySquared : one thing of course is to just
[2023-04-10 23:13:03] HuskySquared : add the metadata for browsing it
[2023-04-10 23:13:05] HuskySquared : in the blockchain
[2023-04-10 23:13:06] HuskySquared : so i.e.
[2023-04-10 23:13:09] Dericius : Oof
[2023-04-10 23:13:10] HuskySquared : artist name: dericius, song name, etc
[2023-04-10 23:13:11] TinyPenisMan : Dericius: Ok then why decentralize it then? Other than jumping on the trend of decentralization. You could open up a centralized business model like Spotify and just pay better...
[2023-04-10 23:13:14] HuskySquared : so thats then done ok
[2023-04-10 23:13:18] LittleBuck : when btc pump?
[2023-04-10 23:13:20] HuskySquared : so you browse it
[2023-04-10 23:13:23] HuskySquared : and then the artist has alike
[2023-04-10 23:13:25] HuskySquared : a artist node
[2023-04-10 23:13:29] Dericius : TinyPenisMan: Trustless, why trust an entity in the first place?
[2023-04-10 23:13:35] HuskySquared : which once the user pays, it imprints a unique encrypted verison
[2023-04-10 23:13:36] HuskySquared : on the blockchain
[2023-04-10 23:13:41] HuskySquared : that only the user has access to
[2023-04-10 23:13:43] HuskySquared : so this would work
[2023-04-10 23:13:45] Symphoenix : A lepricon ? Where ? Do you have your magic flute ?
[2023-04-10 23:13:45] HuskySquared : music can still be copied
[2023-04-10 23:13:50] HuskySquared : and the bloat would be real
[2023-04-10 23:14:00] HuskySquared : since it wont scale for many users x musics
[2023-04-10 23:14:02] al guul : Lets go 30k
[2023-04-10 23:14:08] Buckztr : 6hr btc bully https://www.tradingview.com/x/x4korQyw rtq mex 29743
[2023-04-10 23:14:13] HuskySquared : but that would technically work fine, minus the normal risk that people just copy your music
[2023-04-10 23:14:24] Dericius : HuskySquared: You can't steal music from Spotify...
[2023-04-10 23:14:28] Buckztr : 29856 recent mex high
[2023-04-10 23:14:34] HuskySquared : Dericius: of course you can
[2023-04-10 23:14:41] HuskySquared : Dericius: worst case you just capture the audio
[2023-04-10 23:14:54] Dericius : HuskySquared: You can stream it for free xD
[2023-04-10 23:14:55] Buckztr : frickin money machine btc
[2023-04-10 23:14:59] Dericius : Just some ads
[2023-04-10 23:15:05] mrssssss : ✈️✈️✈️🚀✈️✈️🚀🚀✈️🚀
[2023-04-10 23:15:16] TinyPenisMan : Dericius: Lol trustless, If you created the system then you have centralized control in some form or another. You do realize barley anything is actually decentralized right? There is always a way to control decentralisation. With BTC for example, just have the more mining power.
[2023-04-10 23:15:16] HuskySquared : Dericius: iirc they encode the ads directly so harder to separate
[2023-04-10 23:15:36] Dericius : TinyPenisMan: I agree, decentralized systems centralize themselves
[2023-04-10 23:15:41] HuskySquared : so user -> UI -> gets metadata form blockchain to display artist songs and has ndoe information in it (artist nod eformat) -> once tokens sent, artist returns encrypted music version
[2023-04-10 23:15:43] HuskySquared : this can work
[2023-04-10 23:15:45] HuskySquared : fully decentralized
[2023-04-10 23:15:48] HuskySquared : woah actually
[2023-04-10 23:15:51] HuskySquared : i think i got it figured out
[2023-04-10 23:15:52] HuskySquared : so
[2023-04-10 23:15:53] HuskySquared : listen
[2023-04-10 23:15:58] Dericius : xD
[2023-04-10 23:16:03] RonnieREKT : 🔥 Liquidated short on `ETHUSD`: Buy 42 Cont @ 1917.7 ($2,397.54) - well played..
[2023-04-10 23:16:18] mrssssss : u really enjoy typping husky....
[2023-04-10 23:16:19] mrssssss : :)))
[2023-04-10 23:16:39] TinyPenisMan : Dericius: True decentralization comes when humans don't create the decentralized platforms.
[2023-04-10 23:16:46] HuskySquared : a) We store song metadata on the Bitcoin blockchain, i.e. artist name, etc. and also store a lightning node fork or so which can accept XBT payemnts.
[2023-04-10 23:17:00] mrssssss : i want what u smoked tonight
[2023-04-10 23:17:03] HuskySquared : b) User decides to buy song and pays to the node. The node in turn returns the encrypted .mp3 of the song.
[2023-04-10 23:17:09] HuskySquared : and that's it
[2023-04-10 23:17:23] mrssssss : do people even buy music ?
[2023-04-10 23:17:24] HuskySquared : maybe some protocol behind it
[2023-04-10 23:17:24] mrssssss : :))
[2023-04-10 23:17:26] HuskySquared : but that could work
[2023-04-10 23:17:30] HuskySquared : mrssssss: i dont think so
[2023-04-10 23:17:31] Dericius : But Spotify doesn't require somebody to buy a song, there must be a way to stream it for free while converting advertisers to royalities for the artist
[2023-04-10 23:17:34] Dericius : I enjoy listening to him, even if he's using super difficult words
[2023-04-10 23:17:35] BullSoldier : husky = chatgbt confirmed
[2023-04-10 23:17:46] HuskySquared : Dericius: streaming wont work due to resources required to do that
[2023-04-10 23:17:47] BullSoldier : gpt
[2023-04-10 23:17:49] HuskySquared : not trustless
[2023-04-10 23:17:58] HuskySquared : advertiser stuff means you need advertiser partnerships
[2023-04-10 23:17:59] mrssssss : :))
[2023-04-10 23:18:00] HuskySquared : etc
[2023-04-10 23:18:04] HuskySquared : which means contracts
[2023-04-10 23:18:07] HuskySquared : and payment terms
[2023-04-10 23:18:09] HuskySquared : and whatnot
[2023-04-10 23:18:17] mrssssss : guys....
[2023-04-10 23:18:22] mrssssss : AI viruses and malware coming
[2023-04-10 23:18:24] HuskySquared : but people could build a decentralized marketplace via bitcoin ordinals