190500+ entries in 0.043s
mircea_popescu: the ultimate puzzle of course being how to flash the damned thing.
mircea_popescu: actually, im mildly surprised at this very retarded approach. the correct way to do this would be - have intentionately crippled miner. to decripple, kid has to solve puzzles.
mircea_popescu: "say doc... why is my boy not breaking all his shit like all the other boys ?!"
mircea_popescu: if anything survives five seasons the kid should be taken to doctor.
mircea_popescu: anyway, you'll know if this is their "killer ap" by xmas advertising.
mircea_popescu: besides, that $450 mud bike thery want is just gonna produce hospital bills.
mircea_popescu: there is some appeal to giving a kid a goose that lays a dollar egg each day.
mircea_popescu: this is more in line with what i had in my head. intel ran numbers came out with 0.0001 not 0.001
mircea_popescu: also quietly discarded. like this will be, in a few years.
mircea_popescu: asciilifeform you have to understand, the 21 thing is merely a remake of an ancient attempt by the coinbase/foundation scammers. it was called "coinlab".
mircea_popescu: looky here : vc wants "adoption", and "adoption" means basically trying to hot topic all over something.
mircea_popescu: how about the neobee "brick and mortar stores" ? could you see a reason for those to exist ?
mircea_popescu: iirc they had some sort of graphical interface bs. there was demand for that in industrial circles quite legitimately
mircea_popescu: asciilifeform it was acquired by greylock and atlantic, who, according to him, fucked it all up.
mircea_popescu: the facts of the matter are that it had a positive cash flow and no investment.
mircea_popescu: actually, his own description of arsdigita differs with your estimation.
mircea_popescu: now it's a fucking laughingstock, like declaring it hard to lose money by playing scratch loittery.
mircea_popescu: asciilifeform when greenspun wrote that, he wasn't entirely wrong. yet.
mircea_popescu: i wanna meet the guy that DIDNT loise money paying mit-educated anythings 50-85k a year to do whatever they did. which whatever may not include "being acquired" or other purely bezzlematic shenanigans.
mircea_popescu: " But sitting in the parking lot it gave us the appearance of extravagance while inside the building we were living the frugal life--in a world starved for software development talent, it would have been hard to lose money paying MIT-educated programmers $50-85,000 base salaries plus an end-of-year bonus based on accomplishment and the firm's performance."
mircea_popescu: whosoever proposes they are actually valuable. by the flow of that conversation it seemed that includes you.
mircea_popescu: if vc comes to me with 20mn on the premise i get to keep 1mn if i spend 10mn hiring these idiots
mircea_popescu: which is how the largest dispute to date we had has been over... fucking compatibility.
mircea_popescu: asciilifeform that's not even my angle. my angle is this : "yes it makes sense for the company YOU PAID MONEY BEFORE to protect your investment IN THEIR SHIT. but you didn't pay me jack, did you ? I WILL BURN IT ON GENERAL PRINCIPLE AND FUCK YOU FOR HAVING PAID THE ENEMY."
mircea_popescu: this incidentally also goes for socialism, which yes, inasmuch as it's "the political ideology of the stupid" is indistinguishable from applied dadaism.
mircea_popescu: ergo d. the only way for it to pay bills is through cannibalizing its own membership for the onlyt thing they're good for : butt tears.
mircea_popescu: b. the only people who give a shit about dadaist stuff are involved in it ; c. it's not fucking funny.
mircea_popescu: which is why the stupid never fail and the smart never succeed.
mircea_popescu: incidentally, i suspect a lot of the mommentum for the entire "oh broken factors" comes from historical accident. it was in point of fact research into elliptic curves that yielded the fermat proof,
mircea_popescu: btw wiles looks a lot like brin the elder wouldn't you think ?
mircea_popescu: so it'll prolly be resolved, if ever, by a totally unexpected and half nutty formalism
mircea_popescu: i didn't mean "i should like for someone to show me how math works". i just meant i dunno that there's even a promising direction of research into the matter.
mircea_popescu: after all, feathers, right ? from like, animals, right ?
mircea_popescu: i expect if ever resolved it'll be like the fermat thing.
mircea_popescu: asciilifeform the fact that one is not the same as other is what happens to be true.
mircea_popescu: but it's what i had formed in my head in that week or however long the interest lasted.
mircea_popescu: so, no. it does not. it has some shit, and it's so confused it doesn't even realise it.
mircea_popescu: these are the sort of schmucks that can't even afford pants to keep their money in.
mircea_popescu: and all the fuckwards derping about bitcoin and africa are more than welcome to explain who in this world exactly needs 2 dollar-fortified transactions to pay for his fucking plastic pocket protector or whatever the shit reddit buys from that one fat chick at the talent fair.
mircea_popescu: so their math is correct, it does cost MULTIPLE DOLLARS to properly settle a transaction, via the TRUSTLESS blockchain mechanism.
mircea_popescu: also, it's not exactly clear what the bitcoin per-transaction COSTS are, but it is quite obvious that a) mining is designed to be a ~0% margin activity and has been exactly that without exception through the history and b) the PRICE paid for a block which is usually 1-2k transactions is usually 25ish BTC, which is for simplicity 5k dollars.
mircea_popescu: rly, "blockchain networks", go paint your asshole with lipstick, it's about as obvious.
mircea_popescu: but anyway, i appreciate that they're SO FUCKING PETRIFIED of bitcoin can't even talk of it other than under the SA guise.
mircea_popescu: this, incidentally, is what they mean when they discuss self-love as a sin. this is it. the delusional notion that you're good and valuable as you are will fuck you up every time you run into something that puts your worthless shitpersona in perspective. because you won't be able to go on knees properly for lack of practice.
☟︎ mircea_popescu: between stolfi and lew rockwell, a whole fucking massed galaxy of these imbeciles.