asciilifeform: (my 4 panels together eat about 100.)

asciilifeform: of whatever size

asciilifeform: i've yet to meet a 100-200W lcd

asciilifeform: jurov: of same size?!

asciilifeform: jurov: grid isn't pegged. not by a long shot. think of the whole affair as usg imposing a (comparatively, tiny) tax on its subjects with which to buy hash.

asciilifeform: speaking of which, there's a fella on 'ebay' claiming to sell new, virginal sony 21" trinitrons.

asciilifeform: jurov: so chumper pays more. as he did when he had a crt instead of lcd, etc

asciilifeform: pete_dushenski: i don't work with 'oh noez', but i like testable hypotheses

asciilifeform: pete_dushenski: within 100 years, we will -all- be as deadly as pirate... ☟︎

asciilifeform: trinque: 'you will wait for the bus for a very long time if you are the driver'

asciilifeform: jurov: why 100W ?

asciilifeform: trinque: it is simply the largest slave empire in history. sorta like egypt, or inca, with nukes.

asciilifeform: pete_dushenski: i'm trying to understand your counter here. is it that usg pocketing the last 1/3 of btc is not annoying? or that double-spends are not a problem ? or... what ?

asciilifeform: danielpbarron: doublespend isn't 'fiatization' ?

asciilifeform: jurov: if they're very creative, they'll have it rolled in with the 'tax-deductible' photovoltaic panel thing

asciilifeform: let's suppose 'everyone' - ru, cn - participates. and supposing the 'race is to the swift' - who leads?

asciilifeform: but i find it interesting that the buggers read the log and eventually learn something

asciilifeform: pete_dushenski: not suggesting that 'something is to be done111!!!111!1' about this

asciilifeform: and each house eats an extra 5-10kW

asciilifeform: shabby condition of transmission lines. but the 5-10W pales in comparison to the seasonal cycle when the ac units switch on

asciilifeform: (usa is not pegged for generating capacity, though grid is a little strained)

asciilifeform: who get it from same place as before

asciilifeform: jurov: from tv junkies

asciilifeform: pete_dushenski: mircea_popescu will probably suggest that cn, ru, etc. will follow suit with -their- tv boxes ☟︎

asciilifeform: only a few mouths with teeth

asciilifeform: a good 1/3 of the cake is still sitting on the table

asciilifeform: see mircea_popescu's essay about 'they are fine with being late to parties, they know they can steal the cake whenever'

asciilifeform: the buggers get a seat at the table

asciilifeform: but let's suppose the conscript miners are for proper btc

asciilifeform: whether one cares - is a matter of taste

asciilifeform: possibly even pegged to usd. ☟︎

asciilifeform: price will be waterfalled up

asciilifeform: danielpbarron: not if 51%, or 51% with a few helpers, or if all put to gavincoin, or, or..

asciilifeform: pete_dushenski: i meant, for the prediction of increase

asciilifeform: pete_dushenski: what is the basis for this prediction ?

asciilifeform: pete_dushenski: and what other player will catch up with this, do you suppose, and how ? ☟︎

asciilifeform: trinque: i said precisely this, in '13

asciilifeform: trinque: it'll be a great 'hash laundry' yes

asciilifeform: there are no shadowy factories

asciilifeform: trinque: the elegance is that nothing is kept secret

asciilifeform: i can even see the cable becoming 'phreee'

asciilifeform: customers will quit tv?

asciilifeform: what, can't add 5W to box ?

asciilifeform: it's claiming 0.22watt/GH

asciilifeform: why not 20

asciilifeform: and who said just 1 chip per box

asciilifeform: and they can do this as often as they want

asciilifeform: 100%.

asciilifeform: why half? they upgrade codecs, 'new signal is not compatible,' want cable - gotta accept (phree!!111!!) new box.

asciilifeform: ok

asciilifeform: (modem, multiple tv tuner boxen, etc)

asciilifeform: many have >1 box

asciilifeform: and that's -subscribers-

asciilifeform: according to 'bloomberg', 22 mil. as of feb '15

asciilifeform: pete_dushenski: let's imagine that the only participating firm is comcast

asciilifeform: pete_dushenski: usg is correctly leveraging its only strengths - subterfuge, on captive audiences, backed by threat of brute force

asciilifeform: as far as i can tell, he isn't even in the new wot

asciilifeform: jurov: you could rate him and he could then speak, no ?

asciilifeform: jurov: he's in your l1 and still can't talk ?

asciilifeform: pete_dushenski: -this- is what 'currying favour with governments' looks like

asciilifeform: abroad - 'gas main exploded, sorry'

asciilifeform: in usa, police raids for 'house was hot, you must have been growing dope'

asciilifeform: extralegally, if necessary

asciilifeform: after this, the natural thing to do from hitler's point of view is - to go after conventional miners

asciilifeform: e.g., does it matter if usg becomes largest hash force ?

asciilifeform: pete_dushenski: depends on what you think of as 'matters'

asciilifeform: the added cost, of the hardware, is negligible

asciilifeform: ditto local net pipe monopolies/duopolies

asciilifeform: for non-u.s. folks - if you subscribe to cable tv, you get the mandatory box. no choice about it.

asciilifeform: every other cost of the plan is externalized to captive idiots

asciilifeform: pete_dushenski: the only actual problem they will have is fighting over the coin itself.

asciilifeform: circa 2000

asciilifeform: see the 'halfbakery' link, quite the same idea.

asciilifeform: pete_dushenski: it'll be in his cable box, and if he doesn't like it, he will have to quit tv

asciilifeform: pete_dushenski: no more than today

asciilifeform: it'll be in his cable box, tv, etc. whether he likes, or not

asciilifeform: pete_dushenski: the beauty is that no one will ask the chump if he wants to cover the costs

asciilifeform: and ^

asciilifeform: pete_dushenski: burn their houses down how? these won't be packaged as traditional miners, recall. it'll be in cable boxes, etc. that folks get 1 or 2 of

asciilifeform: it is precisely the kind of scam which has endurance.

asciilifeform: pete_dushenski: why not? classic, grade-a chumpatron. the actual costs (mains power) are 100% externalized to the chumps.

asciilifeform: long pre-dates bitcoin.

asciilifeform: incidentally, this is an ancient idea: http://www.halfbakery.com/idea/broadcast_20cryptanalysis

asciilifeform: but took everything else and ran with it

asciilifeform: trinque: they read the 2013 #b-a log and accepted mircea_popescu's assertion that they will have problems keeping mining secret

asciilifeform: it'll work, too ☟︎

asciilifeform: essentially, they wanted to pocket 100% of the miner output while throwing occasional bones to the idiot chumpers

asciilifeform: 'In the example, one user is able to use his BTC to skip 15 minutes of commercials on online video service Hulu.' << this is just too many lulz

asciilifeform: 'By the time its chips were to be embedded into Internet of Things (IoT) devices, 21 projected its cost to produce 1 BTC could be as low as $7.45.' << somebody does not grasp difficulty factor ? ☟︎

asciilifeform: jurov: that's for folks with choices. at the time i would've taken a job filleting the last remaining pandas with knives made from baby bones

asciilifeform: 'According to the overview, the BitSplit chip's key innovation was intended to be a hardcoded bitcoin wallet address that would give the user 25% of mining proceeds, with the remaining 75% going to 21. Each device would be built with target applications in mind that would then allow consumers to, in theory, spend any bitcoin earned for online content or digital services.'

asciilifeform: 'Also included in the overview is an email exchange allegedly taking place between Comcast West Coast strategic development managing director Francisco Varela and 21 CEO Matt Pauker in which the cable giant exec evaluates how its customers could benefit from participating in 21’s bitcoin mining operations.' << aha, cable boxes.

asciilifeform: re: '21' etc >> 'The cornerstone of the strategy as presented would have been the release of consumer products that would turn power from wall sockets into bitcoin through the widespread dissemination of bitcoin mining chips.' << -somebody- clearly reads the 2013 #b-a logs. ☟︎☟︎

asciilifeform once starved long enough that he applied to work at old classic nsa

asciilifeform: jurov: and money (yes, the rotten greenback fiat kind) works wonders.

asciilifeform: jurov: sure

asciilifeform: tasty bait, a little bit of poison - perfect recipe, every exterminator knows

asciilifeform: and articles like this, https://freedom-to-tinker.com/blog/jbonneau/be-wary-of-one-time-pads-and-other-crypto-unicorns which is a kind of 'mouse poison' in the sense that it combines perfectly valid observation 'don't use random bozo's java crypto turd' with 'one time pads cannot work'

asciilifeform: now his old www is full of gavincoin shilling etc.

asciilifeform: what kind of pill was used - i do not know.