155100+ entries in 0.042s
mircea_popescu: well for starters, deleting this "must hardfork to prove we can do it" nonsense and replace it with the much more sensible "must brick miners to prove we can do it", at the very least.
mircea_popescu: you think you're using the bitcoin network, but in fact you're using the chicoin network.
mircea_popescu: it's one of those "you think you're buying a fine piece of american engineering, but otherwise it's made in china" things.
mircea_popescu: there's actual science work to be done, for they able and willing.
mircea_popescu: this is fine, but also rather irrelevant. migth as well tell darwin he's just being anticlerical.
mircea_popescu: yes we have! it takes it over a week to NOT get into a block :)
mircea_popescu: you're a college man, right ? tokenize the events, assets probabilities per token, calculate the overal chance of this happening.
mircea_popescu: "yeah, except they'll try it a little sooner or later, and then a little more. and the public is mostly made up of the same public that thought Britney Spears is a singer."
mircea_popescu: "the network will be safe because the miners won't shit in the soup because they'll be too afraid of the public reaction"
mircea_popescu: and the most ... snore, i suppose, aspect of this is that other than the few dedicated philiphinos caught without talking points, the general redditard population is amply incapable of even understanding what was said. at all.
mircea_popescu: somehow this "majority miner changes everything" thing is very hard to see.
mircea_popescu: ben_vulpes> BingoBoingo: what does all of this mean << replace byt fee, sorta a poor man's version of your original "run a pool!"
mircea_popescu: punkman we were always at war with mouth and dildoasia!
mircea_popescu: it's either "shift bits by this many", "output to this entity" or else "pleasure my wife"
mircea_popescu: BingoBoingo so is teh buttcoin crowd all giddy with excited shock ?
mircea_popescu: a problem which to my eye looms a lot larger than whatever, "the last time english speaker wrote usable code was before they had electric typewriters"
mircea_popescu: fabulously, utterly, completely, 18 months they're wiped.
mircea_popescu: ben_vulpes aha. the americans did what they do best - lost.
mircea_popescu: pretty much the only way to handle centralization in mining as it is designed is through periodically picking up the fattest pig and throwing it through a glass pane.
mircea_popescu: ben_vulpes understand, this isn't a field that takes well to distribution.
mircea_popescu: bitcoin got a problem, and it ain't no stinkin' "scalability". au contraire.
mircea_popescu: samsung ? the fabled garage miner that hasn't existed since 2013 ?
mircea_popescu: ftr ben_vulpes the c spelling is antiquated but english!
mircea_popescu: BingoBoingo you have two uls in there in succession, wipe one
mircea_popescu: BingoBoingo im writing a qntra piece re the thing, gimme an hour.
mircea_popescu: typical behaviour of spider unaware that what it's trying to catch is a wasp. that eats spiders.
mircea_popescu: why what ? why b) ? because it's way the fuck safer for them if any would-be competing cartel starts with a half hour disadvantage.
mircea_popescu: nah, usg doesn't figure into this as much as a prince albert.
mircea_popescu: i suppose we're at the chinese phase of exchanging insults.
mircea_popescu: anyway. at present the best short-term course is, of course, publicizing the matter.
mircea_popescu: whatever mining may be, it's not jsut the codebase that's broken. bitcoin, per se, is not currently functional.
mircea_popescu: kakobrekla not that it'd actually do anything, just adds a gauge.
mircea_popescu: kakobrekla im still thinking what the best solution to this would be, but as far as bitbet is concerned quite likely something like that.
mircea_popescu: asciilifeform pretty much. i don't see what else is there. this is the fabled hour of reckoning, best i can tell
mircea_popescu: this is fine and good. however - i nicely structured this specifically to satisfy my own inquisitive mind. i am satisfied.
mircea_popescu: look, i know oodles of people have observed what to them seems "just normal wierdness"
mircea_popescu: moroever, both of these are factual matters, on the basis of observed behaviour.
mircea_popescu: both of these are serious concerns, and both of these are, strictu sensu, sufficient to prove, not to propose, that bitcoin is not actually functional.
mircea_popescu: b) the same majority of miners is running a withdheld block scheme, where they keep about a half hour time differential between the ACTUAL head of the bitcoin chain and what they published.
mircea_popescu: a) a majority of miners (ie, pool operators) on the bitcoin network conspire together to selectively deny valid transactions
mircea_popescu: about half an hour AFTER that inclusion, transaction A1 was REBROADCAST, and within 20 minutes of its rebroadcasting, in spite of no fee, low miner priority etc, was included in a block.
mircea_popescu: about three hours ago, tx B, with the same outputs as An, but with different inputs was broadcast. this tx was visible in the mempool throujghout the network as normal, and was included in a block in half an hour.
mircea_popescu: a flurry of other txn, all spending the same inputs and paying ever more in fee were broadcast up until, most recently, march 1st (~16 hours ago).
mircea_popescu: throughout the following 48 hours, neither A1 or A2 were visible on the network.
mircea_popescu: as a result, tx A2 was created, monday, spending the same inputs, paying a fee, and was broadcast.
mircea_popescu: later throughout the weekend, tx A1 was not visible in the bitcoin network, in spite of being broadcast to 100s of peers.
mircea_popescu: i can't comprehend what you're trying to argue here. you're roughly in the position of a prison warden facing an empty cell and a hole in the wall going "hey, water infiltration can sometimes make holes in walls"
mircea_popescu: the only anyone who can destroy a txn is the anyone who controls the mining.
mircea_popescu: in fact - once you have 51% you can withhold blocks forever with impunity - time works in your favour.
mircea_popescu: kakobrekla only miners in control of well over 90% of hash can attempt this sort of inept shit.
mircea_popescu: why do you expect you see block data ? chinese miners have their own pre-time network.
mircea_popescu: you don't see nasdaq data straight, but with half hour delay
mircea_popescu: understand : at the time you saw it as "broadcast" it was ALREADY included in a block
mircea_popescu: kakobrekla yeah, had it in sidepool for 4 days, waiting to see if i repay it without doublespent. which i did. today. 2 hours ago.
mircea_popescu: they're witholding blocks (what, you think the blocks you see are the blocks at they're mined ?!), they're withholding txn now, etc.