--- Log opened Fri Sep 08 00:00:37 2017 00:16 -!- remoford [~remo_lapt@c-68-52-35-32.hsd1.tn.comcast.net] has quit [Ping timeout: 260 seconds] 00:16 -!- LastChild [~RasPi@c-98-193-192-163.hsd1.tn.comcast.net] has quit [Ping timeout: 252 seconds] 00:19 -!- remoford1 [~remo_lapt@c-68-52-35-32.hsd1.tn.comcast.net] has joined #se2600 00:21 -!- cordless [~cordless@c-71-199-196-100.hsd1.tn.comcast.net] has quit [Ping timeout: 248 seconds] 00:22 -!- LastChild [~RasPi@c-98-193-192-163.hsd1.tn.comcast.net] has joined #se2600 00:22 -!- mode/#se2600 [+o LastChild] by ChanServ 00:28 -!- cordless [~cordless@c-71-199-196-100.hsd1.tn.comcast.net] has joined #se2600 01:17 -!- remoford1 [~remo_lapt@c-68-52-35-32.hsd1.tn.comcast.net] has quit [Quit: Leaving.] 05:10 -!- K`Tetch_ [~no@24-178-141-147.dhcp.thtn.ga.charter.com] has quit [Read error: Connection reset by peer] 05:10 -!- K`Tetch [~no@24-178-141-147.dhcp.thtn.ga.charter.com] has joined #se2600 05:10 -!- K`Tetch [~no@24-178-141-147.dhcp.thtn.ga.charter.com] has quit [Changing host] 05:10 -!- K`Tetch [~no@unaffiliated/ktetch] has joined #se2600 05:12 -!- Catonic_ [~catonic@71-45-91-197.res.bhn.net] has quit [Ping timeout: 240 seconds] 05:13 -!- K4k [~K4k@unaffiliated/k4k] has quit [Ping timeout: 246 seconds] 05:14 -!- Catonic [~catonic@71-45-91-197.res.bhn.net] has joined #se2600 05:14 -!- mode/#se2600 [+o Catonic] by ChanServ 05:16 -!- K4k [~K4k@unaffiliated/k4k] has joined #se2600 06:09 -!- cslansing [~cslansing@192.241.134.193] has quit [Ping timeout: 246 seconds] 06:23 <@Dolemite> mr0ning, be0tches and h0ez! 06:36 -!- cslansing [~cslansing@192.241.134.193] has joined #se2600 07:17 -!- crashcartpro [uid29931@gateway/web/irccloud.com/x-ddtymtugeiolaslr] has quit [Quit: Connection closed for inactivity] 08:47 -!- crashcartpro [uid29931@gateway/web/irccloud.com/x-flgwzyhcffcapeud] has joined #se2600 08:51 -!- skiboy [~skiboy@gateway/vpn/privateinternetaccess/skiboy] has quit [Quit: Leaving] 09:02 -!- xray [~xray@c-73-43-4-206.hsd1.ga.comcast.net] has quit [Remote host closed the connection] 09:04 -!- TheDukh [~thedukh@2607:fcc8:ac80:d900:4042:d68a:b5c3:be4] has joined #se2600 09:06 -!- xray [~xray@c-73-43-4-206.hsd1.ga.comcast.net] has joined #se2600 09:08 <@rattle> Dagmar: Ouch. 09:18 <@Dagmar> My money went into fiat at about 74 09:19 <@dasunt> Does anyone else get annoyed that there's a different domain name to check if you are affected by the equifax hack? 09:19 <@Dagmar> rattle: What the fuck did China do? 09:19 <@dasunt> Instaed of being equifax.com, it's equifaxsecurity2017.com 09:20 <@Dolemite> rattle: Are you actually making trades with LTC, or just sitting on it? 09:22 <@Dolemite> I had some gift cards from work that I hadn't spent, and since I had nothing I really needed, I bought 1.0 LTC the other day. I figure I can afford to sit on it for a couple of years since it's money I wasn't counting on, anyway. 09:23 <@Dagmar> You should have asked us 09:25 <@Dagmar> Something the fuck just happened tho 09:25 <@Dagmar> The two largest LTC exchanges went from $74 to $55 very, very quickly 09:25 <@Dagmar> I figure PBOC said something else very stupid 09:27 <@Dolemite> Well, the way I'm looking at it, it was money that I neither needed, expected, or had plans for. It's just like going to the casino. I could roll an 11 a dozen times in a row, or I could roll craps. 09:27 <@Dagmar> We could have given you a high/low range 09:28 <@Dagmar> ...as well as possibly helped you avoid paying any fees. 09:28 <@rattle> Dolemite: I trade across several crypto and fait currencies, fairly heavily. 09:28 <@Dagmar> If I dont have the cat sit on my mouse while I'm using it or something equally stupid, I will actually make out pretty fucking well today regardless 09:29 <@rattle> I think this particular crash might bounce.. I'm holding. 09:29 <@Dagmar> I'm making more LTC 09:30 <@rattle> I've been killing it with LTC lately. 09:30 <@rattle> I have a feeling I'm going to wind up pulling most of my fund this afternoon though, one way or the other. I think this weekend is going to suck. 09:30 <@Dagmar> I love it when things have a daily range of about two bucks 09:33 <@Dagmar> Now to wait for arbitrage traders to clean up all the little pieces flying about 09:33 <@rattle> I'm still ahead for the week, but ouch. Ouchie. 09:33 <@Dagmar> I made 3LTC 09:35 <@rattle> I just bought into some more LTC and ETH. 09:37 <@Dagmar> I still wanna know what PBOC did 09:37 <@Dagmar> It has to have been them 09:38 <@Dagmar> Either htat or someone forced a flash crash on their two biggest exchanges at once 09:40 <@rattle> At the moment, it's starting to look like it was a very nice buying opportunity. I just picked up about 13ltc and 4eth at a steal.. 09:40 <@Dagmar> Shit. Not a flash crash either 09:40 <@Dagmar> 45 minute period of solid panicked selling over there 09:41 <@Dagmar> Heading down again now. Hmmm.... 09:42 <@rattle> or... maybe not. 09:42 <@rattle> Damnit. 09:43 <@rattle> Sigh.. It's hard to get upset about it though. Even if you make a bad call, you're still ahead a month later. 09:43 <@Dagmar> Yep 09:43 <@rattle> If it even rebounds half way, I'm ahead for the day.. 09:44 <@Dagmar> It's not without reason I'm only worrying about having more LTC each day 09:44 <@Dagmar> I don't care what the price does today. As long as I get more LTC out of it, next week I'm still ahead 09:45 <@rattle> My only recent regret is that last Friday I only pulled 70% out. I should have pulled more like 90%. Because I got out at basically the _perfect_ time. 09:45 <@Dagmar> A certain Android app dev just guaranteed I buy his premium package 09:46 <@Dagmar> I got to my terminal quickly enough becuase his app started chirping at me after I set a low water mark alarm at $77 09:52 <@Dagmar> Oh no... he only has a subscription model for the featuers I don't use 09:52 <@Dagmar> Oh well 09:55 <@Dagmar> ...aa-a-and GDAX is back to "boring" mode 09:55 <@Dagmar> Nothing on Reuters or CNN 09:56 <@Dagmar> Heh I wonder if it was just supervillainry 09:59 <@dasunt> What's the altitude needed for the "rods from god" concept? 09:59 <@Dagmar> Low enough to still be in the gravity well 10:00 <@dasunt> Hmmmm. potential energy is m*G*h. 10:05 * dasunt is trying to figure out the destructive power of SpaceX. 10:06 <@Dagmar> Max Q 10:06 <@Dagmar> It's in stable orbit 10:06 <@Dagmar> If you drop it _straight down_ then it's just going to be max Q 10:07 <@Dagmar> I am assuming since the rod of god thing was mentined, the idea is for it to be aimable 10:07 <@dasunt> I'm getting a fraction of a kiloton for destructive energy, assuming very conservative numbers. 10:07 <@Dagmar> It it just fell out of orbit, it wouldn't be very aimable, but I'm pretty sure after much of it burned off from the uncontrolled reentry it would have the same velocity as just going straight down 10:07 <@dasunt> Maybe 1kT with more liberal numbers? 10:08 <@dasunt> I'll note that SpaceX already has the technology to aim an object returning to earth. Admittedly, they prefer to do it at speeds where the object gently touches down. 10:09 < aestetix> ok so 10:09 < aestetix> what are the odds of anything at all happening to Equifax? 10:10 <@dasunt> aestetix: 0%. 10:11 < aestetix> Any word on whether the algorithms were hacked too? 10:12 < aestetix> because that's what I really want to see 10:12 <@rattle> Like the credit score algorithms? 10:12 < aestetix> jyes 10:12 <@Dagmar> Oh oh! We're not quite done yet it seems 10:12 <@dasunt> That would be awesome. I wonder how many of the credit score algorithms they'd have. 10:12 <@rattle> There isn't much to those. I'm not sure how knowing the specifics would make a difference in anything. The gist of them is well known. 10:13 < aestetix> I'm really hoping they are ethical and release the algorithms but none of the personal data 10:13 <@dasunt> If they did that, I'm sure they'd just move to the next generation of algorithm. 10:13 <@rattle> What's a mystery about the algorithms? 10:13 < aestetix> rattle: I disagree. We all knew the NSA was tracking everyone, but now there is proof. 10:14 <@rattle> Credit scores are simply based on delinquent debt over time.. There's really not much to it. 10:14 <@dasunt> rattle: I wouldn't mind an exact score. We know it's basically a mix of credit amount available, use, repayment history, etc. 10:14 < aestetix> I'm probably lucky since I've never had an American credit card 10:14 <@rattle> If you don't have delinquent debt, they go up. If you have delinquent debt, they go down. If your debt/holding ratios are too far out of whack, you've got a ceiling.. 10:15 < aestetix> And if you don't have a credit card? 10:15 <@rattle> What's the mystery? 10:15 <@rattle> Then you have no credit. So you've got a ceiling. 10:15 <@dasunt> rattle: And if you close an old card that you aren't using, they go down. ;) 10:15 < aestetix> Meaning you have a very low score 10:15 <@rattle> Yes. 10:15 <@rattle> It's called a "credit score". 10:15 <@dasunt> If your credit limit increases, then the credit score goes up, even if you don't use the increase. 10:15 <@rattle> If you have credit, and you service it reliably, you have a high score. 10:15 < aestetix> See, this is already getting complicated 10:16 <@Dagmar> If the amount of money you pay to the debt industry goes up, your credit score goes up 10:16 <@rattle> It's really not complicated. 10:16 <@Dagmar> If the amount of money you pay to the debt industry goes down, your credit score goes down 10:16 < aestetix> I think I'd like the algorithms to run data through it and see what happens 10:16 <@Dagmar> The tell tale is that if you pay no money into the debt industry, your credit score is zero. 10:16 <@rattle> The only place the algorithms probably get complicated is how they handle history.. Like if you're servicing all your debt properly, but in the past you were a fuckup, it's going to be lower. 10:16 <@Dagmar> It is an index of your profitability as a customer. Nothing more. 10:17 <@dasunt> Then there's the three different major credit card scoring companies, all have different algorithms. 10:17 <@rattle> I imagine they are basically similar. 10:17 < aestetix> rattle: then please tell me why after paying rent/etc on time for years, I was denied for a loan from my bank for low credit? 10:17 < aestetix> It's because I refused to play into the credit cabal game 10:17 < aestetix> Even though I clearly pay bills etc 10:17 <@dasunt> rattle: Not necessarily. If you were fucking up just by carrying a high balance, but always paid on time, as long as you paid everything off last month, your score doesn't reflect the high utilization, since utilization doesn't have a history. 10:18 < aestetix> It has nothing to do with reliability. It has everything to do with feeding the debt industry. 10:18 <@dasunt> Speaking of which, I should get another credit card to help my score. 10:18 <@rattle> dasunt: True, but account turnover matters. Proper service and closure of mortgages and loans matters, a lot. 10:19 <@rattle> aestetix: Not true. It all has to do with if you properly service your debt. 10:19 <@dasunt> aestetix: Don't they have secured cards over there? 10:19 < aestetix> dasunt: this is all stuff in the US 10:19 < aestetix> Germany has a sensible system so this doesn't apply here. 10:20 < aestetix> With Germany, you register for the Schüfa, and if you have no history your score is automatically 100% 10:20 < aestetix> And if you fuck nothing up, it stays high. 10:20 <@dasunt> Oh, and then in the US, every year you can request your report from each of the three credit bureaus. 10:21 < aestetix> Most banks won't give you a loan without 3-6 months worth of paystubs, mostly because after six months by law very strong employee rights protections kick in 10:21 < aestetix> So if you can hold down a job here long enough to get the legal protections and you don't do anything stupid, you can get a loan 10:21 < aestetix> Yeah the US system is a fucking cabal 10:22 <@dasunt> aestetix: Re: employee protections - in /r/legalrights right now, there's a thread if someone is protected for being fired because they were angry an ex-coworker stabbed them. 10:22 < aestetix> haha 10:22 <@rattle> The system here is far from perfect.. Very far. But if you establish credit, and you service it properly, you're golden. You don't have to hold debt to have a good score. 10:22 < aestetix> Yeah but here you don't need to buy into the debt game. 10:23 <@Dagmar> No, but you do have to line the pockets of the credit industry first 10:23 <@rattle> No, you actually don't. 10:23 <@rattle> Not at all. 10:23 <@Dagmar> Yeah you do 10:23 < aestetix> Albeit Germans hate debt. Possibly because it helped Hitler rise to power 10:23 <@rattle> No, you don't. 10:23 <@dasunt> Dagmar: Just indirectly. You can pay your credit card bills on time, without ever being charged interest. 10:23 <@rattle> Basically. 10:23 < aestetix> Oh the other thing here 10:23 <@dasunt> Credit card companies still get their 3% cut from the merchants, they are happy. 10:23 <@rattle> And honestly, using debit cards for any sort of regular transactions is incredibly stupid. 10:23 < aestetix> If you get a German credit card, they expect you to pay your balance on the card in full each month 10:24 <@rattle> When you use the banking system correctly, it works for you. If you use it incorrectly, you work for it. 10:24 <@Dagmar> Making >$65k and being steadily employed for over five years with the same residence and no late anythings, they STILL very stubbornly found that I would have needed a co-signer to buy that Scion iQ 10:24 <@rattle> It would be great if the schools here taught people to use the system, but that's never going to happen. 10:24 < aestetix> rattle: that's because its in their interest for people to not know how to use the system 10:24 <@Dagmar> Yes, they tried to run ahead of things and see if they could get me a loan on a $14k car, and the credit industry thought I wasn't good for it 10:24 <@Dagmar> ...which is why I so enjoyed just writing a check for $14k. 10:24 <@rattle> I pay _zero_ for my banking and credit services. Nothing. Zilch. Rather, they bend over backwards to give me incentives to use them. 10:24 <@Dagmar> ...because fuck those silly people. 10:24 <@dasunt> Dagmar: What is your credit history like? 10:25 <@Dagmar> dasunt: Perfect. 10:25 <@Dagmar> Completely and utterly spotless 10:25 <@Dolemite> Dagmar: That's because your mattress that you hide all your money in doesn't report to the credit bureaus 10:25 < aestetix> haha 10:25 <@dasunt> LOL. 10:25 <@Dagmar> I did have a car note once that I undertook against my better judgement 10:25 <@Dagmar> Paid it all off on itme 10:25 <@Dagmar> At fucking 21% interest 10:25 <@rattle> I have some credit cards that have yearly fees, but the incentives and services I get directly from them far exceed what I pay.. That and broker fees are actually the only banking related costs I have.. And I choose to pay them. 10:26 <@Dagmar> They dicked around and put my mom's name as the primary and me as a co-signer so hilariously I didn't get any credit at all for it 10:26 <@dasunt> I've never had a student loan or a car note, so I'm limited to credit cards for debt reporting. :( 10:26 <@rattle> If you're doing it right, you're actually making a percentage off the money you spend. Not paying money to spend it. 10:26 <@rattle> The banking system is totally hackable. 10:26 <@dasunt> rattle: You are aware there's groups that do this, right? "Churners", they are called. 10:26 <@Evilpig> damn dude 21% on a car? ouch 10:27 <@Dagmar> Yes. 10:27 <@rattle> That's pretty fucked up Dag. 10:27 <@Dagmar> I had unblemished credit then, too 10:27 <@dasunt> No credit? 10:27 <@rattle> How much credit do you have established? 10:27 <@Evilpig> I laughed in the face of that sales girl at the timeshare thing when they tried to sell me that shit at 21% 10:27 <@dasunt> High usage? 10:27 <@Dagmar> If you do not pay into the debt industry, you are generally in a _worse_ position than someone who's filed bankruptcy in the last few years 10:27 <@rattle> Like, having a zero-fee card with a decent liming you use every so often and pay off on time... Might be a good idea for you. 10:28 <@rattle> YES. It's a system. Use it. Hack it. 10:28 <@Dagmar> Eventually I might, but at the moment I prefer to just have actual fucking money 10:28 <@rattle> That's stupid. 10:28 <@rattle> Totally stupid. 10:28 <@rattle> That's what poor people do. 10:28 <@Dagmar> No, it's called "being able to afford things" 10:28 <@Dagmar> Guess what. I ain't rich. 10:28 <@dasunt> I do prefer my debit card (same protections as a credit card). 10:28 <@Dagmar> I'm not making $100k a year 10:29 <@dasunt> But I do make it a point to use the damned credit card enough to generate account history. 10:29 <@Dagmar> So, being that it's not my day job to guess at credit ratings, I'm not going to play their games and simply be able to buy things because I have the money 10:30 < aestetix> rattle: it's because the American credit system is set up to reward thieves and liars. 10:30 <@rattle> I'm not sure exactly what to say.. Read the docs on how the economy works. The banking system can work for you if you know how to use it. 10:31 <@Dagmar> Yes. I can get rich if I make other people rich first. 10:31 <@rattle> Keep in mind, I'm the guy who completely swore off the banking system for years.. 10:31 <@Dagmar> Fuck that. 10:32 <@rattle> Like, if you're simply using a checking account and debt card to pay for things.. You are actively getting fucked. 10:32 <@Dagmar> Nope. I'm not losing a penny to some rich frat boy 10:32 <@Dagmar> I am quite _fine_ without their "help" 10:33 <@rattle> Establish credit. Use it for EVERYTHING. Service it properly, and you don't pay a dime of interest to anyone. They take your risk.. And you get services in return. 10:33 < aestetix> Or move to Germany where the credit system is not a cabal ;) 10:33 -!- remoford1 [~remo_lapt@c-68-52-35-32.hsd1.tn.comcast.net] has joined #se2600 10:34 <@dasunt> I do hate using credit cards, TBH. 10:35 <@dasunt> It kind of sucks to pay off something you bought six weeks ago. 10:35 <@dasunt> I rather wish I could set up my cc to autopay weekly. 10:35 <@opticron> I go manually pay it off every pay day 10:37 <@dasunt> That's smart. 10:38 <@dasunt> I let the cc autopay every month for full. 10:38 <@Dagmar> It's super-awesome how the bank can screw up their own auto-pay, come after you for the delinquency, and not have any liability for their own fuckup 10:38 <@Dagmar> That kind of shows you whose interests they have exclusively in mind 10:40 < aestetix> https://twitter.com/wyatt_privilege/status/906120794593427456 10:41 <@Dagmar> Classy of them 10:44 < aestetix> So here's a question 10:45 < aestetix> if the credit system is as ethical as rattle claims, why are they doing that? 10:45 < aestetix> That is a real fuck you move to everyone who was affected 10:46 <@rattle> I didn't say it was ethical. It's highly unethical at times. 10:47 <@Dagmar> They don't care about ethics 10:47 <@Dagmar> They care about money. 10:47 <@rattle> However, it is reputation based. If you establish a good reputation, you can make it work for you. 10:47 <@rattle> It's a system. You hack the system. Fuck the system. 10:48 <@rattle> I make the system PAY ME for using it. Successfully. 10:49 <@rattle> When I closed by books last year, I was roughly 2-3% ahead on interest vs reward.. And I carried a lot of debt that year because of my divorce and everything. 10:50 <@rattle> And that's not including investments and whatnot. 10:51 <@rattle> And I'm not rich. Far from it. But if the banking system is ok with fucking me, I'll be perfectly fine with fucking it. 11:07 <@dasunt> When I cracked down on my personal finances, I know I started feeling poorer since I gave myself a budget. :( 11:08 <@dasunt> Savings are a hell of a lot better, but there's the part of me that doesn't want to wait for delayed gratification and would rather buy everything now. 11:10 <@_NSAKEY> Even the people who mess up can hack the system. Debts get resold several times over, and blanket disputing everything is enough to get stuff taken off a credit report. 11:10 <@_NSAKEY> I used to know someone who knew someone who essentially did auto-disputing as a service. 11:12 <@_NSAKEY> It was something like $200 to have it done, back in the 90s, and it wasn't a scam. 11:12 < aestetix> https://www.bloomberg.com/news/articles/2017-09-08/equifax-sued-over-massive-hack-in-multibillion-dollar-lawsuit 11:12 < PigBot> Title: Equifax Faces Multibillion-Dollar Lawsuit Over Hack - Bloomberg (at www.bloomberg.com) http://tinyurl.com/y9374kco 11:13 <@dasunt> _NSAKEY: Texas has some weird debt collection laws, I remember a guy down there making money because debt collectors weren't familiar with Texas and thus threatening him with illegal actions. 11:14 <@_NSAKEY> Oh, this isn't even that. 11:14 <@_NSAKEY> This is literally just taking money to dispute everry bad item on someone's credit report for them. 11:15 <@_NSAKEY> It amounts to demanding verification, which if the debt's been resold a few times, usually isn't possible. 11:15 <@_NSAKEY> So, it goes away from the credit reports and it's like it never happened. 11:16 <@rattle> That is effective, actually. 11:17 <@_NSAKEY> It's very effective. 11:18 <@_NSAKEY> Oh, and even the inquiries get disputed, and customers were told not to apply for any form of credit for 60-90 days. 11:19 <@_NSAKEY> The last time I heard anything about that guy, he had fled the country because the feds were about to swoop in. Don't know where he went, but if the rumors are true he's feeling Irma right now. 11:21 -!- remoford1 [~remo_lapt@c-68-52-35-32.hsd1.tn.comcast.net] has quit [Quit: Leaving.] 11:35 <@Dagmar> Well, it goes off the credit reports until/unless the debts get reported again 11:40 <@Dagmar> Ah... it was Chinese regulators... again. 11:40 <@Dagmar> CNBC finally has the story 12:14 <@dasunt> I've had to challenge a debt before. 12:14 <@dasunt> It helps I could show the cashed check. 13:31 -!- cordless_ [~tag4c@ranger1.cs.mtsu.edu] has quit [Remote host closed the connection] 13:50 -!- brimstone [~brimstone@unaffiliated/brimstone] has quit [Ping timeout: 240 seconds] 13:55 -!- brimstone [~brimstone@unaffiliated/brimstone] has joined #se2600 13:55 -!- mode/#se2600 [+o brimstone] by ChanServ 14:24 <@_NSAKEY> Dagmar: Also true, but that usually doesn't happen once it's already been disputed. Zombie debt buyers may still try to collect, but they aren't going to do much except be a minor hassle. 14:26 <@_NSAKEY> At that point, you just start saying mean things about their mothers and/or try to manipulate them into pipe bombing/shooting up their workplace. 14:44 -!- brimstone [~brimstone@unaffiliated/brimstone] has quit [Ping timeout: 240 seconds] 14:59 -!- brimstone [~brimstone@unaffiliated/brimstone] has joined #se2600 14:59 -!- mode/#se2600 [+o brimstone] by ChanServ 15:03 <@rattle> Dagmar: I pulled 90% out. I think this is going to slide down for awhile. 15:03 <@Dagmar> Yeah I'm considering the same myself 15:04 <@Dagmar> China keeps going down 15:04 <@Dagmar> I thought they were going to hold at about $65 but thats blown out now 15:05 -!- brimstone [~brimstone@unaffiliated/brimstone] has quit [Ping timeout: 240 seconds] 15:08 <@Dagmar> FUck it. I'm reasonably sure GDAX will see $65 by the end of the dya 15:09 <@Dagmar> There's usually stability once GDAX is within 3-4 of the Chinese exchanges 15:19 -!- brimstone [~brimstone@87.159.198.104.bc.googleusercontent.com] has joined #se2600 15:19 -!- brimstone [~brimstone@87.159.198.104.bc.googleusercontent.com] has quit [Changing host] 15:19 -!- brimstone [~brimstone@unaffiliated/brimstone] has joined #se2600 15:19 -!- mode/#se2600 [+o brimstone] by ChanServ 15:23 -!- brimstone [~brimstone@unaffiliated/brimstone] has quit [Ping timeout: 240 seconds] 15:30 <@Dagmar> This is how far things drew back last week 15:31 <@Dagmar> For the Chinese authorities to say the same silly thing twice now... it's a real possibility they _mean it_ and this will go even further down 15:33 -!- brimstone [~brimstone@unaffiliated/brimstone] has joined #se2600 15:33 -!- mode/#se2600 [+o brimstone] by ChanServ 15:38 -!- brimstone [~brimstone@unaffiliated/brimstone] has quit [Ping timeout: 240 seconds] 15:43 -!- brimstone [~brimstone@unaffiliated/brimstone] has joined #se2600 15:43 -!- mode/#se2600 [+o brimstone] by ChanServ 15:55 <@dasunt> Gawd, the DMV and the insurance company seems to have a problem with vehicles that have no value. 15:56 <@dasunt> "Well, I got the moped for the cost of two beers (deferred)". 15:58 -!- TheDukh [~thedukh@2607:fcc8:ac80:d900:4042:d68a:b5c3:be4] has quit [] 16:00 <@dasunt> "Well, say I bought it for $10 then. What do you mean, your system doesn't accept that." 16:00 <@dasunt> Fine, $100. 16:37 <@Dagmar> Come ooooon $68! 17:13 <@Dagmar> Licks Oreos before putting them back in the bag 17:21 -!- TheDukh [~thedukh@2607:fcc8:ac80:d900:e4c3:df1a:9078:1f2e] has joined #se2600 17:25 <@rattle> Dagmar: What's your goto for tracking the arbitrage rates between the exchanges? 17:26 <@Dagmar> What rates? 17:26 <@Dagmar> Anyone who wants to and has accounts on both can do the swaps 17:26 <@Dagmar> The only penalty of sorts is the cost of a blockchain transaction, which with LTC is pennies and ETH is dimes 17:27 <@Dagmar> ...so when they're twelve damn dollars apart, I'm pretty sure there are people making bank 17:27 <@Dagmar> OKCoin just took another dip down to 380 CNY 17:27 <@Dagmar> ...which is it's second time to hit ~$58.60 USD today 17:28 <@Dagmar> The only reason GDAX is up so high is whales fleecing the weakfish 17:28 <@Dagmar> I think this will be their last push before they decide it's time to actually let the price drop properly 17:29 <@Dagmar> With coinmarketcap.com showing an average of $65.80 right now, GDAX hitting $73 was just silly 17:42 <@Dagmar> rattle: If I could legally hold an account on OKCoin I would be merrily "rescuing" all that money from them today 17:47 <@Dagmar> There would be no time for IRC. Only profit. 17:47 <@Dagmar> ...and masturbation. 17:48 <@Dagmar> It would be like playing Elite Dangerous with a profitable route for actual money 19:31 -!- crashcartpro [uid29931@gateway/web/irccloud.com/x-flgwzyhcffcapeud] has quit [Quit: Connection closed for inactivity] 20:08 <@Dagmar> Wow it's been awhile since GDAX fell over 20:30 * Catonic beats head against a wall until it sounds like a helicopter 21:18 <@Dagmar> Chinese exchanges re-entering "free fall" state --- Log closed Sat Sep 09 00:00:37 2017