18700+ entries in 0.072s
a111: Logged on 2016-12-13 15:53
mircea_popescu: "to advance it is at serious odds with the massive glorification of youth. As marketing found itself unable to expand without encroaching upon our childhood, the intense drive to capture the minds of the youngest among us has tended to make people believe that 30 years of experience can be replaced by the young looks of rank novices. This is made worse by the management schools that make it possible for people who have yet
a111: Logged on 2016-09-08 15:33
mircea_popescu: you would be surprised how many girls have to be taught how to wash.
a111: Logged on 2017-02-28 13:11
mircea_popescu: practically speaking on current tech the bitcoin unit of account is probably something like 0.25
a111: Logged on 2017-02-28 12:31
mircea_popescu: a seventh and final problem : you now constructed a chain of casks, on top of the blockchain. consider what happens if node fails to keep his ENTIRE history of casks EVER issued :
http://btcbase.org/log/2017-02-14#1613884 a111: Logged on 2017-02-28 12:24
mircea_popescu: a sixth, also major problem is that the system offers no serious guarantees to the user. think of some situations : a) i mined some bitcoin back in 2011, today i clean out the closed and boot up old laptop, to check out the tits and bits of ex gf who was back then hot and heavy into me. i jack off, and then snoop around and find a bitcoin wallet with ~500 btc in it. i go to spend it... and discover... that i know no nodes...
a111: Logged on 2017-02-28 12:08
mircea_popescu: a third, and rather major, problem is that you will have serious trouble creating fixed width transactions in general. the reason is that the amount of information itself varies ; you can pretend to push this inconvenience all the way to the user ("hey, always use two inputs and two outputs and fu!") but it's somewhat unlikely to ever stick.
a111: Logged on 2017-02-28 12:08
mircea_popescu: a third, and rather major, problem is that you will have serious trouble creating fixed width transactions in general. the reason is that the amount of information itself varies ; you can pretend to push this inconvenience all the way to the user ("hey, always use two inputs and two outputs and fu!") but it's somewhat unlikely to ever stick.
a111: Logged on 2017-02-28 12:14
mircea_popescu: a fourth, minor point, is that you have your market primitives ass-backwards. no price formation is ever envisaged to have "asks may depend on bids" as an edulcoration of "asks are fixed ; bids are fixed" because it is always possible to produce a pricing function for the product (based on cost) whereas it's never possible to produce a pricing function for the demand (demand is a psychological, not a physical phenomenon). the
a111: Logged on 2017-02-28 11:59
mircea_popescu: there's a different, much less notable problem wrt to what constitutes "a rotten fill". if i go to the stock market (i mean the old, gentlemany, pit of hand gestures thing) and bid "sentiments" for a certain share, i am in fact engaging in retarded behaviour, on the level of sjwing, and will, and should be kicked out.
a111: Logged on 2017-02-28 11:56
mircea_popescu: to demand miner makes a certified statement to the effect of "offset 0xa to 0xb in block y is reserved for txn 0xc" is putting a constraint on this p2p system the likes of which it can't conceivably bear.
a111: Logged on 2017-02-14 17:51
mircea_popescu: trinque understand the problem with "I will also be piling up the signed material for my records" : if during your lifespan you manage to lose eg a 30yo hdd, because you've built a reviewable system those txn will be reviewable. are you on the hook now for refunds ?
a111: Logged on 2017-02-21 22:48
mircea_popescu: and then she hates her parents.
a111: Logged on 2017-02-27 21:41 asciilifeform: actually i know an algo that does this. will post it later, if it isn't obvious to
mircea_popescu et al after a few minutes' thought.
a111: Logged on 2017-02-27 22:07
mircea_popescu: now, the historical solutionb to the problem, as well as perhaps a workable solution here, is the intrinsic oracle. if user relays txn to a node WHO MAKES A PROMISE (such as for instance "the txn will be included before block n" ?) then the nodes can be scored by their oracle value ("what he said turned out true!) and suddenly you have a more meaningful node market.
a111: Logged on 2017-02-25 23:17
mircea_popescu: if it were the case you had to pay 2 bux to transact in 2011, bitcoin'd have never exiosted
a111: Logged on 2017-02-27 22:04
mircea_popescu: i certainly don't keep nodes for "our democracy", as discussed recently.
a111: Logged on 2017-02-25 20:07
mircea_popescu: can you presently count the bitcoin networks that exist ?
a111: Logged on 2017-02-25 23:18
mircea_popescu: asciilifeform because the bitcoin network bandwith far exceeds the ACTUAL transaction needs of the civilised world.
a111: Logged on 2017-02-19 18:39
mircea_popescu: reported by the miner that included it, as best i can tell.
a111: Logged on 2017-02-25 23:22
mircea_popescu: basically nodes are the digital equivalent of women : men fuck them so the state can have babies. hurr durr, pill plox.
a111: Logged on 2015-09-29 10:10
mircea_popescu: who knows. the venetians spent all their time training the girls to be whores, lost to charles on the field then won in the bedroom.
a111: Logged on 2017-02-25 23:22
mircea_popescu: basically nodes are the digital equivalent of women : men fuck them so the state can have babies. hurr durr, pill plox.
a111: Logged on 2015-02-14 17:42
mircea_popescu: unrelated datapoints. half energy available \being used to mine bitcoin makes bitcoin safe for humans (safe in the sense of, won't be overrun by the altcoin problem)
a111: Logged on 2017-02-27 12:30
mircea_popescu: (story there was, olympus "hired" aka finally accepted its first foreign devil ceo (michael woodford) in 2011 ; and fired him two weeks later as the dude was principally dedicated to the job of, how can we finance usg out of this japanese corp. the usg however didn't go home, but started "legal proceedings", which eventually resulted in the above theft, plus whatever office supplies woodford managed to take home. apparently 6
a111: Logged on 2017-02-26 19:26
mircea_popescu: now then : a fix for the db would significantly improve a few classes of block verification delays ; and it would alleviate blackhole-like behaviour due to that, node's frozen checking a new block. there's at least 3 different dos vectors for other nodes, and a) the foregoing wouldn't help ; b) if it helped the enemy could easily upregulate the crapflood to compensate.
a111: Logged on 2013-05-13 22:39
mircea_popescu: it's screwed wtf.
a111: Logged on 2017-02-25 23:39
mircea_popescu: you could, in theory.
a111: Logged on 2017-02-25 23:22
mircea_popescu: basically nodes are the digital equivalent of women : men fuck them so the state can have babies. hurr durr, pill plox.
a111: Logged on 2017-02-25 18:33
mircea_popescu: no because government does thart for them hurr.
a111: Logged on 2017-02-25 20:03
mircea_popescu: the pill to socialism is market. make things marketable, no further problems.