154200+ entries in 0.026s
mircea_popescu: not that the philipinos won't be coming out of the underbrush to push the unexpected "just as good" verbiage, or w/e.
mircea_popescu: anyway, i suppose it's absolutely obvious and entirely uncontroversial that a bitcoin with cartel-mining is entirely uninteresting to everyone.
mircea_popescu: if it's of interest or not it is their call to make neh ?
mircea_popescu: to random microshit investor, bitcoin is the same as flooz.
mircea_popescu: if gates switches to euros, what would he say to microshit shareholders ?
mircea_popescu: why do you suppose anything has to be said in particular ? i dun follow.
mircea_popescu: mod6 because more or less then, it'll be a case of "well... what does everyone use ?"
mircea_popescu: mod6 your call to make, together with ben_vulpes i guess - the point remains, if no trb offering in july, no trb offering in july.
mircea_popescu: in fact, the lot of them getting burned off is at least as valuable as bricking the idiot chinese miner rigs.
mircea_popescu: i'd honestly much prefer the situation where "evangelism" never happened.
mircea_popescu: JuliaTourianski_ nobody wants "the cred" of imbecile redditars & all.
mircea_popescu: now imagine what other incredibly dumb shit they imagine is a good idea for crying out loud.
mircea_popescu: BingoBoingo imagine someone somewhere thinking this is a good idea.
mircea_popescu: JuliaTourianski_ no, they went against the consensus. what's core ?
mircea_popescu: hopefully some hicks from missouri capture you and i can hear all about the ozarks supremacy for a while.
mircea_popescu: asciilifeform btc cartel is a bunch of dudes with some technical ability and no clue generally.
mircea_popescu: after the unintentional hardfork over the imbecillic high-s thing, this was perhaps inevitable. what are they do to ?
mircea_popescu: and sure, you can blame the miners. the problem is - the design sort-of forced this endgame upon them. i doubt most of the chinese even understand ~what went wrong~, in the very faint general, letalone in this specific ~what we did wrong~. by the chinese bible they were being very reasonable and i just don't understand how the world works. ach ach my dear fellow mp.
mircea_popescu: if whatever you're doing is threatened by a government, you're either very stupid or very lazy.
mircea_popescu: however, if it is going to be an altcoin, as in, no continuity, then it doesn't matter so much if tomorrow or yest or whenever.
mircea_popescu: benefits from all the marketing bitcoin did for it, without having to pay (in the shape of entrenched idiots of all stripes)
mircea_popescu: asciilifeform> (because there is no satisfactory way of bootstrapping any alt.) << in principle a ~WELL DESIGNED~ alt with a ~WELL CHOSEN~ pow would work quite well.
mircea_popescu: anyway, ftr, re ben_vulpes link (not that i've read it or intend to read random derpage from nobodies on topics) - years ago protecting miner investment made sense as a topic.
mircea_popescu: this trivially reduces to "usable computer can not be built". which is it.
mircea_popescu: as long as "i did nothing wrong" at each successive point, you'll be a happy dead man.
mircea_popescu: stop worring about what things mean and what may come and so forth, focus on doing the right thing at each juncture i say.
mircea_popescu: and yeah, sure, perhaps the market's not rational enough, and yeah, sure, maybe fed prints more to buy bitcoin. whatevs.
mircea_popescu: all through the past 7 years the whole spiel was "[these known vulnerabilities] but the miners would never dare do that because of market reaction". what exactly did you imagine that reaction is built out of ? reddit derping ?
mircea_popescu: again with the effects talk. looky : what'd you have me do, not say anything ?
mircea_popescu: but yes, the enemies of sound money are certainly served by bitcoin miner cartelization. doh.
mircea_popescu: you hafta understand mp was rich and powerful long before bitcoin.
mircea_popescu: not with the wanna-be ceos and assorted "captains of industry" ; not with the wanna-be coders and assorted "power rangers" ; not with the wanna-be journos and assorted redditards ; not with the wanna-be sikrit agents and assorted nsa tools.
☟︎ mircea_popescu: ironically, it had absolutely nothing to do with all the derps, in the end.
mircea_popescu: anwyay, yes, bitcoin is traversing perhaps the first true crisis since its founding, between now and the halving.
mircea_popescu:
http://log.bitcoin-assets.com/?date=05-03-2016#1422884 << well, the privacy risks aren't exactly dubious in that i don't atm see how ring signatures would prevent miner cartel from attacking bitbet. except, of course, if predicated on "miners are lazy and dumb". which is true - until they aren't. much like ants are lazy and dumb, until they get into the fridge, at which point they'll dumbly&lazily never want to leave.
☝︎ mircea_popescu: large part of the promise and value of bitcoin is exactly this chickenizing of banking.
mircea_popescu: there's also the case of the retarded romanian workers who stuck a compressed air outlet in the woman's vagina for lulz, ended up with a fatality.
☟︎ mircea_popescu: i myself am persuaded that's a very accurate model of how "force air in oral cavity" would work.
mircea_popescu: hm. i recall the exact quote. derp was "and then i felt like i was pushing extra hard..."
mircea_popescu: ;;google "i remember pushing extra hard" weightlifter anal
mircea_popescu: you recall the story of that weioghlifter who butt-exploded shattering shit and blood all over ?
mircea_popescu: how would you distinguish "peritoneal burst" from this ?
mircea_popescu: quite. asshole not designed or intended to hold pressure in that way.
mircea_popescu: by and large, quite happy with hitler. at least he's not english. then degaulle came up with a piously fraudulent reinterpretation of the early 40s
mircea_popescu: that tilt is not even what anglo sources usually like to pretend.
mircea_popescu: kinda ironic how hitler never realised poland/ukraina/etc actually liked him a lot more than saxony.
mircea_popescu: nobody asked ukrs if they wanted to fight "the facscist invader" etc.
mircea_popescu: eh, get out of here. the last enslaving went the other way, back in stalin's day.