mircea_popescu: except for no particular reason the check was against a signed value (the very careful part), which inadvertently reduced a scarce resource

mircea_popescu: "The current solution as proposed by Bitcoin Core is, when you get right down to it, “let’s just be really careful with code changes and hope for the best”. There is no real disaster recovery or prevention plan. Yes, there is ongoing work to split the consensus critical bits out into a library and I think this is a good idea and am glad to see it happening. However, it still does nothing to address the real fun

mircea_popescu: "There is currently no way to guarantee that any two versions of Bitcoin software, whether they are two different versions of Bitcoin Core, two different versions of alternative implementations, a version of Bitcoin Core versus a version of an alternative implementation, or even two copies of the same version of Bitcoin Core built with different compiler versions are in exact consensus agreement. Doing so is incredibly

mircea_popescu: guy actually has a point.

mircea_popescu: took me a while.

mircea_popescu: coinbase made its round, so it may have a little leeway.

mircea_popescu: hehe i hear that a lot.

mircea_popescu: that died a year prior to the cx

mircea_popescu: you know, that's the guy that came up with a glbse asset that consisted of buying lottery tickets ?

mircea_popescu: if i wasn't so disinterested i'd have someone mine reddit to get a relative comparison of votes/words wasted on gavin's coin vs neobee

mircea_popescu: will totally work. unless you know, for a few months when launched. and well... if you make a wallet that's not your walletr.

mircea_popescu: "hey listen, we have a perfect system that works in proved practice to reward miners. let's replace it with some libertard idiocy that a) provedly never worked in practice and b) for well understood theoretical reasons that we don't like so they don't really exist"

mircea_popescu: Luke-Jr Name a single Bitcoin expert who thinks 1 MB blocks will be sufficient forever? << 1mb blocks MAY be sufficient forever.

mircea_popescu: everyone i know that's not dumb is busy doing shit. the people "discussing" on reddit are an entirely different brand. if tomorrow they were replaced with a frog infested pond, what'd happen ?

mircea_popescu: how's this a problem anyway ? pre-bitcoin, pre-gpg, etc, i can see it. today ? who gives a shit ?

mircea_popescu: decimation i don't really see it the same way. when nanotube was disappeared earlier this month, gribble got replaced within something like a week. seems to me the organisation's fine.

mircea_popescu: because a) we deeply care about the "i predicts" of propaganda agents ; b) "hurry up guise, if we don't do it while nobody's looking we won't be able to do it at all"

mircea_popescu: The 1 MB block size limit needs to removed as soon as possible, and replaced with something that scales automatically, rather than through risky hard forks that require political consensus. It's 2015, Microsoft, one of the largest companies in the world, accepts Bitcoin, and the Bitcoin network can only handle 3 transactions per second, unless there is a hard fork. Getting rid of the 1 MB block size limit is long overd

mircea_popescu: could lead to Bitcoin community splitting into two networks, or a hard fork could end up not happening due to community infighting. Both of these would be disastrous for the Bitcoin economy.

mircea_popescu: reddit : "You're only looking at the technical side of it. Leaving the 1 MB block size issue for later is risky due to political/social reasons. Every hard fork brings with it uncertainty and risks because it requires wide consensus to be carried out smoothly. As long as these risks hang over the Bitcoin economy, many companies will be hesitant to make long-term commitments to the Bitcoin economy. Afterall, a hard fork

mircea_popescu: this is a pretty lulzy snippet :

mircea_popescu: this is like ether all over again. "oh we have tons of support!!1" "how come nobody is trading ?" "it';s mystical support. woodcollector knows all about it. we'll send you a private video." etc.

mircea_popescu: i am kinda shocked nobody is wanting to buy gavincoins from me for a fucking steep discount, incidentally.

mircea_popescu: decimation for sure, making it plain that bitcoin isn't a sort of http / pki / dns / ietf / whatever captive protocol in the courtyard of some us dependent or another is quite valuable. first and foremost for bitcoin.

mircea_popescu: his rethoric was different a coupla months ago, and as far as anyone can tell hasn't actually caught up with your representation thereof.

mircea_popescu: there's many intertwined issues there. the outermost layer is, to establish whether an english speaking cia visitor is even in a position to push through a hardfork.

mircea_popescu: this is too lengthy a discussion. bitcoin is perceived as a threat by pretty much every central bank, you know that much.

mircea_popescu: i don't know why a whale would want to be 20 tons. so what of it.

mircea_popescu: you don't get a private island just because you want one. things have to do with each other, it's the way of the world.

mircea_popescu: it's so far 100% of the bitcoin "told the usg to get fucked" party. once you digest that you might be in a better position to evaluate who matters and who doesn't,

mircea_popescu: point being, mpex is, currently, > 50% of "bitcoin business". like it or not, it's a fact.

mircea_popescu: enough to make me 600 btc in the month bitpay made a loss.

mircea_popescu: coinbase made the round, which i guess gains it a little space. NOT that much.

mircea_popescu: seems a little too geeky.

mircea_popescu: sometimes we don't get what we want. that doesn't mean our wants now have a wild card and nothing else matters anymore. this isn't school.

mircea_popescu: Luke-Jr anyway, inasmuch as everyone actually wants bitcoin to prevail, divergence of opinion isn't much of a problem. however, the conservative rather than the progressive approach must be observed. change doesn't happen just for the sake of changing things. this isn't a fad or an ipad gizmo. if consensus can't be reached for whatever reason, whoever doesn't like it leaves and starts over, rather than pretending the o

mircea_popescu: Blazedout419 hey, my question to you is, did you actually pay 14k for that guy's wooden thing, as represented ? or was it more like a sweetheart sort of deal for advertising sake, like the sillycon valley does ?

mircea_popescu: kakobrekla hey is there going to be a party on the log's 1mn th line ?

mircea_popescu: he ~MAY~ receive a gavincoin node in exchange. maybe.

mircea_popescu: as far as hardforking goes." << the downside of a hardfork is that every user that buys into the gavin scam will be left without a bitcoin node.

mircea_popescu: "Downsides of a hardfork are simply that all nodes who do not go along with the upgrade are left without a functioning Bitcoin node, and susceptible to fraud (double spending, etc). This means a mandatory update of every node in the wild, which could require hardware upgrades as well. Miners are not in any special position to decide a hardfork, and are at the mercy of the bitcoin users (mainly merchants and exchanges)

mircea_popescu: One night, Charles Manners (Lord Lieutenant of Ireland) appeared in the regal box at the theatre on the same night that Peg was attending the show with her girls. Some wags in the gallery began shouting at her “Oy Peg! Who slept with you last night, Peg?” Peg gave them an imperious look, threw a dramatic glance at the Lord Lieutenant and in a scolding tone, said: “Manners, you dogs!”