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mircea_popescu: incidentally, why do people wish to add semantic content to bitcoin ?
☟︎ mircea_popescu: ascii_field i've really not spent so much time looking into it, gb-and-a-half piddle from 10s of ips.
mircea_popescu: how exactly is the world supposed to work without "psychopaths". so asshole goes and does something outright evil, and we all what, chant to purge his "sw" out of bitcoin ? hold hands ?
mircea_popescu: i guess yet another field where the private sector has the public sector whupped.
mircea_popescu: in also lulzy news, the maryland-based righteous ddosing of trilema earlier was kinda weak and ineffectual, when compared to the standard angry economics driven ddosen we've seen over the years.
mircea_popescu: here's the thing : the delusional notion that their lives aren't on the line is what makes people do most of the fucktarded shit they do. it certainly is the case with the power rangers.
mircea_popescu: do you basically grep for strings or is there more to it than that ?
mircea_popescu: guy knows the way to go about things he ain't doing, and wishes to inform the people actually doing it.
mircea_popescu: so... you know. this is where you learn from what works.
mircea_popescu: tell you what : the oposition to xt was... me. that you or any other "sane persons" jumped on later on or not is relatively irrelevant. and, for that matter, the opposition to pirate was also me. and everything in between - me. meanwhile "sane persons" were busy with derping at me about how "mpoe-pr is unprofessional calling out the scam".
mircea_popescu: then any sane person will do something else with their time, i guess.
mircea_popescu: ascii_field
http://nodes.p2pool.co/ < minefast.coincadence.com 78 TH/s ; elizium.name 22 TH/s ; xt.warp2pool.eu 18 TH/s ; galactica.geekgalaxy.com 15 TH/s ; cammello.agaland.it 9 TH/s ; 108.31.56.9 6 TH/s ; p2pool.science 4 TH/s ; 75.101.102.41 2 TH/s ; p2pool.servebeer.com1 TH/s
mircea_popescu: "oh, we discovered the real-real-real one, it's this derp, and as vox said, this now makes him the most important rite ?"
mircea_popescu: im guessing if the "swj" update to bitcoin goes the same way the xt update goes, usg is going to discover that really, gavin has no objection to wearing a going to wear a satoshi costume permanently ?
mircea_popescu: and of course, so that tim lee/vox can say "If Wright is Satoshi Nakamoto, he will instantly become the most prominent person in the Bitcoin world."
mircea_popescu: "So there are two possibilities here. One is that Craig Wright is Satoshi Nakamoto. The other is that Wright has been conducting an elaborate, year-long con to convince the world that he is Satoshi Nakamoto." mno... timmy boy. the third which is really the only one that matters, is that
http://log.bitcoin-assets.com/?date=09-12-2015#1339534 ☝︎ mircea_popescu: funny tho, so their target is "bitcoin community" < 6months old ?
mircea_popescu: "Taleb has been kicking up the dust lately on Facebook and Twitter, encouraging his readers to not even listen to people who disagree with his beliefs about GMOs." << apparently encouraging readers to not erven listen to people who know better than to buy in the "rape" narrative, or the "global warming" narrative is a-ok. the problems only start when power exists unalligned to the usg, then the means are VERY BAD!!11
mircea_popescu: just discussing his observation it never went anywhere.
mircea_popescu: the best part is that this works out to a 50% discount for the first year. basically, they;re out there selling adjustable APR mortgages to suckers.
mircea_popescu: VCs barely invest in their own funds. The market standard is for VCs to personally invest 1% of the fund size, and for investors to contribute the remaining 99%. <<
mircea_popescu: i fully expect the 2016 sv vc verbiage to be all about special pleading of the "employee contracts" sort seen this year. "we lose a lot of money but want you to somehow believe everything that exists is due us!"
mircea_popescu: "But the bigger problem and the real problem for investors is how little of a problem this persistent underperformance is for VCs themselves. LPs have created and perpetuate an industry of such structural economic misalignment that VCs can underperform and not only survive, but thrive."
mircea_popescu: Yet 2013 annual industry performance data from Cambridge Associates shows that venture capital continues to underperform the S&P 500, NASDAQ and Russell 2000."
mircea_popescu: "2013 had all the signs of being a comeback year for venture capital. Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. The industry realized its highest returns since the Internet boom.
mircea_popescu: aww... experiencing a little bit o' ddos, somehow. back shortly.
mircea_popescu: why would you need to purge anything, i thought usgavin had consensused with a bunch of experts as to how there's plenty of room for everything.
☟︎ mircea_popescu: this year they're all "oh noes, scarce resources, must replace blockchain with a napkin"
mircea_popescu: it's hysterical tho, last year they were all "oh noes, moore's law, infinity resources, must make blocks infinitesize"
mircea_popescu: and yeah re the src point : /me would enjoy a show conssiting of alf crossexamining pretenders.
mircea_popescu: things aren't what they are, they're what the packaging says they are.
mircea_popescu: i nten million bars all over the world a hundred million derps spend hours discussing what shit they'd stick to the sides of kardashian, also
mircea_popescu: or perhaps he's amoral for reason of mental retardation.
mircea_popescu: well, i guess it's time for an article, what can i say.
mircea_popescu: is there no honest man that ever worked for a university ?
mircea_popescu: "You would mark the signature data as special. You are indicated by green color on this slide. Everything but the green part goes into the hash of a transaction. The signature doesn't. It's just a piece of data that's still there, but we don't consider it part of the transaction.
mircea_popescu: u're designing an altcoin, there's really no reason why you would want to do this in Bitcoin. This is actually something we did in sidechain alpha."
mircea_popescu: "Wouldn't it be nice to just drop the signatures? The reason why we can't do this is because the signature is part of the transaction hash. If we would just drop the sig from the transaction, the block wouldn't validate, you wouldn't be able to prove an output spend came from that transaction, so that's not something we could do. But let's simplify the problem. What if we could redesign Bitcoin from scratch? What if yo
mircea_popescu: "The reason for this name is because signatures are not part of the transaction. They don't describe what the transaction is doing." herpitty derp, fancy that!
mircea_popescu: der and CEO ; Wayne Thayer VP of Security Products at GoDaddy