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mircea_popescu: the reason nbc doesn't do this is because it doesnt' exist as a market yo.
mircea_popescu: "i have an idea for a us tv network - primarily targetting spanish daytime soaps and more languages programming".
mircea_popescu: he has an inflammatory reaction to particular three letter strings.
mircea_popescu: (if you're an engineer trying to solve an engineering problem of some kind, i mean)
mircea_popescu: you get some backup, they die out, end up with some money invested in you written off.
mircea_popescu: williamdunne 80% of deals work out exactly like that irl.
mircea_popescu: heck, someone came to 1st conference to demo an engine.
mircea_popescu: trinque there's tons of people who coudl demo a trade engine. including a bunch of people actually in the business, providing all the fx doods etc.
mircea_popescu: williamdunne don't be too hard on self. it's unlikley they'd have signed for actual deal.
mircea_popescu: punkman he's young, gotta work or something or go nuts.
mircea_popescu: women also miss tits on their shoulderblades. it impedes proper tango, but it might have good reasons behind it.
mircea_popescu: they're currently at a loss keeping all the ones they already have fed.
mircea_popescu: they'll refuse, and in that you'll know what the demand for more kyc bitcoin "Exchanges" is.
mircea_popescu: williamdunne so call up nsa, tell them "hey, i'm another derpy kid trying to suck of your tit, send me 10k ?"
mircea_popescu: ascii_field of course they are ? they're after all teh bitcoin users.
mircea_popescu: generally it's "the proof i am smart enough to have small projects is i nthe pudding of how i have enough money laying around to invest in them". it's how people get redecoration done and their hobbies financed.
mircea_popescu: williamdunne uh. mno ? what IS the project, that's where it starts.
mircea_popescu: the whole pogo thing was a few k's. this thing is k's of btc
mircea_popescu: ascii_field still, i tell you i don't see it. if the bitcoin userbase legitimately makes > 1mb of txn every 10 minutes, and if the miners are willing to indulge them and mine to the degree the ratchet kicks in, seems at best disingenuous to say "you can't do that because pogos".
mircea_popescu: williamdunne write something about puppies make a post on social media with links to your "campaign" ? offer things on bitcointalk ? convince me to list on mpex ? i dunno dood, you're too vague to be helped yet.
mircea_popescu: ascii_field i suppose it doesn't JUST pose problems for bitcoinfs.
mircea_popescu: looky, a fixed cpu situation will always yield this problem
mircea_popescu: if you end up with 2k actually full bloicks and the state is now 1010000 bytes, you still can have blocks 50kb
mircea_popescu: ascii_field looky : blocks would only stay full if needed full. so our pogo is a piece of shit in that case, you can't expect them to accomodate us.
mircea_popescu: kakobrekla in that sense iot's a step above the "magic number" stuff. not much, admittedly.
mircea_popescu: whoops... takes more than two years to make it 2mb anyway. problem solved.
mircea_popescu: let's start with some assumptions : that as is, pogos can survive for 2 years before they fill. that if blocks were to be made 2mb, they'd survive 1 year instead.
mircea_popescu: ascii_field let us calculate the actual case of the pogo, shall we ? as an exercise, mostl;y for my own edification.
mircea_popescu: just... whence will they scare up enough txn to keep filling up thousdands of large blocks ?
mircea_popescu: i can certainly see the argument in this structural sense.
mircea_popescu: the entirety of this is "if people actually really really want to see it growing", no more.
mircea_popescu: and yes it makes the future worth seeing now. /me hopes to oneday trade marscoin for venuscoin.
mircea_popescu: yes each planet must have its own local bitcoin necessarily.
mircea_popescu: we're not discussing that point, i already conceded i have nfi.
mircea_popescu: this given, the design proposed is a) expensive to abuse and b) self-limiting, in that the larger you make the blocks, the more you have to fill.
mircea_popescu: so a ratchet is necessarily, and indisputably, and by unfixable design the only way to do that.
mircea_popescu: having a freefloating system is in fact breaking a fundamental design promise bitcoin made when it introduced mining,
mircea_popescu: but to get back to the ratchet thing : it is both impossible and a very stupid idea to have freefixing for bitcoin block size. because the network is trivial to disrupt when it comes to mining difficulty (by design and deliberately), it will guaranteedly be moved down to 0 over time and the defense's necessarily too expensive.
mircea_popescu: that explains it anyway, spain's got no gold in the ground.
mircea_popescu: iirc that was ro's gold. whence did spain even have an ygold.
mircea_popescu: "they're not smart, like us, to let their cognitive wings spread free in the intergalactic voids of abstraction"
mircea_popescu: "stupid things stupid people tend to be preoccupied with".
mircea_popescu: delivery and washing dishes are in about the same esteem.
mircea_popescu: irl, settlement's a paperwoirk affair and actual delivery is much disconsidered. as a token of the fact that everyone involved would muchly want reality to match their representation to the degree of absolute identity. so they desconsider the later.
☟︎ mircea_popescu: it's not called settlement, it's called delivery. settlement is sitting down and agreeing the paperwork.
mircea_popescu: sometimes they sell and sometimes they buy on mkt tho. with delivery.
mircea_popescu: i would guess there's to the tune of 1mn interbank PM physical transfers a year worldwide. i don't think i'm qualified to answer either, but i will swear to your benefit the real figuree's closer to 1mn than 1k no prob.
mircea_popescu: because one hour i spent in the ro vault, which is a tiny affair, saw three transfers underway.
mircea_popescu: do you imagine this bullion thing as it "Should be" or do you have direct experience ?
mircea_popescu: it IS technically possible we still see technological progress.
mircea_popescu: otherwise it costs you like the first blk0001 cost you 500gb
mircea_popescu: well, it only costs you if not filled onlyt if tyou biutcoinfs
mircea_popescu: if "enemy" holds a significant portion of the last 1% of blocks mined, how is he the enemy.
mircea_popescu: my position being very much like ascii_field's : not clear this is needed and dubious it's a good idea before the two get hanged. but op may disagree ? i dunno.
mircea_popescu: ascii_field as to the later, no reason. as to the former, no idea. i suffer from the disease of all cerebral beings, of enjoying the consideration of abstract problems in no direct relation to their practical utility.