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mircea_popescu: atm 99.x% of income comes through this immediate, sent-from-heaven-above channel
mircea_popescu: tomorrow, they will not KNOW immediately through act of god where that 25 btc comes from
mircea_popescu: ascii_modem more specifically put : currently everyone is mining with a "god given" known tx of 25 btc + whatever they pick off the ground.
mircea_popescu: (txn time = when most miner revenue comes from block txn)
mircea_popescu: but when that begins all this may fucking collapse under the weight of... if money's the incentive to mine mining will not exactly allign with "securing the network"
mircea_popescu: sure, people don't do it yet. mostly because lazy, 2nd mostly because stupid, 3rd mostly because it's not even txn time yet.
mircea_popescu: ipso facto "running pool" ===== "nefariousness in layers"
mircea_popescu: it pays more as a pool operator to be into skulldugery than into running your pool
mircea_popescu: most only apply to specific implementationms etc, but! fuck me...
mircea_popescu: the process hasn't returned yet, the list is already hundreds of entries long
mircea_popescu: or else by fucking up other people's miners. i ordered a listing of "all the ways you could exploit a miner with crafted comms for a hash advantage"
mircea_popescu: specifically : atm there is an arbitrage open, where you can either make money by "brute forcing" it ie hashing,
mircea_popescu: anyway, the main sufferance in my head atm is that reading the chinese stuff (in translation) clarifies in my head an objection that may well be a second major flaw to the protocol, after the "relay nodes gotta do it for the glory" : its altogether unclear a purely financial incentive is the correct solution for miners.
☟︎ mircea_popescu: which sort of reorg apparentyly happens, or used to happen, a whole lot.
mircea_popescu: in which case they'll prolly change it rather than start from the original. unles it's VERY dumb.
mircea_popescu: an' signed, an' people will prolly prefer referencing yours unless it's dumb
mircea_popescu: and you don't even know about the used condoms behind the bed headboard
mircea_popescu: i know she's stupid and fat and you want a divorce, but...
mircea_popescu: this is a major problem, and the fact we're looking into it one of the few things giving me solace and better rest at night
mircea_popescu: so what, is "95% consensus" going to gavincoin next ? for ... all of six blocks again ? cool.
mircea_popescu: anyway, i am very much amused at the way discussion with kakobrekla turned out. 600 hours "oh miners will just so and so " "nobody cares what miners do" ; 1800 "oh miners just so and so'd!!1" "and it turns out nobody cared".
mircea_popescu: i run a public company wut do you want from me, blood ?
mircea_popescu: im also going to have it unstuck, but i got a shitpile of stuff cooking atm.
mircea_popescu: but for now it can stay as it is, because i think more people were syncing to it.
mircea_popescu: i do intend to replace it with a foundation one as soon as practicable.
mircea_popescu: the original point of this thing i run here was to give all comers the historical chain as is in my custody.
mircea_popescu: now, since you're synced to my level, and you have a full validating node, i see no reason to not open the listen port. do you ?
mircea_popescu: which it's how it's made to work, better fail than be stupid.
mircea_popescu: well you're only looking at mine, and mine's not relaying.
mircea_popescu: specifically, what happens if you put the new chain into a node
mircea_popescu: the only problem is that the clients ain't reorging properly, which needs looking into/
mircea_popescu: i still don't see how it affects us / anything of concern.
mircea_popescu: ascii_modem where were the daily forks b/w january (?) and now ? << costs a little to make one, nobody cared enough. (also lots of manual intervention and general ducttaping at the miner and relayer level - bitcoin is quickly becoming an excellent makework tool, keeping idiots both employed and in a delusion of importance)
mircea_popescu: none of this in any way invalidates anything about the new chain, nor is it a point of concern that i can distinguish
mircea_popescu: this utterly proves that a) the BIP system provides no benefit and should be disused ; b) the peoiple involved with all this nonsense should be muted ; c) voting does not work. nothing here is novel.
mircea_popescu: 4. the people who voted did so as all people voting ever do : blankly, mouth only. then, someone mined a v2 block on top of a v3 block (which to them look identical) and the supposed 95% majority that promised by that vote to distinguish failed to distinguish. well, half of them or so. the other half distinguished
mircea_popescu: and we'll never see an odd hash block for as long as they keep at it.
mircea_popescu: this, again, has nothing to do with us. if tomorrow miners decide as a social game to never communicate any blocks they find that hash to odd, it's THEIR problem
mircea_popescu: 3. in order to avoid the situation that happened tonight, a supposed "voting" mechanism was deployed where people switched an irrelevant byte in the blocks they mined, to go from 2 to 3, to indicate they are ready and willing to follow the new rules.
☟︎ mircea_popescu: it'd have been ideal to not import the satoshism in question into bitcoin, but before our time.
mircea_popescu: this is neither a bad idea nor in any sense avoidable. because, again, without it we'll fork daily.
mircea_popescu: 2. a voluntary, user-enforced change to the protocol was proposed (iirc by petertodd) where only DER sigs are accepted anymore.
mircea_popescu: so 1. it was observed that the idiots running openssl, who for historical reasons are actually wholesale pulled into bitcoin, decided to fuck up the way they do signatures, which is to say, make items signed come out in rnadom shapes. this is obviously very dangerous for bitcoin
mircea_popescu: lemme lay out the issue here in detail, i think it's mebbe getting fudged.
mircea_popescu: this, obviously, would also be where to bury who knows what. but if it's there, nobody's found it yet that i know
mircea_popescu: the difference between v3 and v2 is , as best anyone can determine, actual fucking validation for the openssl nonsense. hardly avoidable.
mircea_popescu: atm the situation is that block 363730 is forked. one chain, 6 blocks long, proceeds atop a v2 block. the current main chain proceeds from 363730 on v3 blocks.
☟︎ mircea_popescu: what happens if you import the 7 block alt-chain into the stator ?
mircea_popescu: ascii_modem this is incidentally an exceptional opportunity to test our recent toolset.
mircea_popescu: neway, of more interesting things : confirmed my seeder's stuck on 363736.
mircea_popescu: just because you have one, and it's a very reflective surface, doesn't mean it has one too.
mircea_popescu: i suspect this obviousness is a fruit of your eye, not of the thing you're lookling on. like people perceive souls in cats' eyes.
mircea_popescu: "the enemy" is barely cogent enough to be enmitous at all.
mircea_popescu: the dead don't know they're dead ; the ridiculous don't know they're ridiculous. the world is well constructed for one's amusement.
mircea_popescu: yet he's still walking around as if he were somehow still a person.
mircea_popescu: but whatever, phantomcircuit is still the guy who ran "a security companmy" that oversaw 3 bitcoinica thefts, and still the guy who hacked a python one liner to send every customer an email with the full list of customer emails
mircea_popescu: there are some people that go around introducing themseves as "bitcoin devs" who just spectacularly failed the least controversial soft fork to date.
mircea_popescu: there is no physical punishment for being extremely ridiculous.
mircea_popescu: apparently in the world we live in, the best way to ensure nobody reads something is to publish it as code anyway
mircea_popescu: "wangchunLuke-Jr: I do not know how that v2 pool was relayed, log was lost in a screen session"
mircea_popescu: also lulzy for all the people using blockchain.info to validate txn.
mircea_popescu: alternatively they could just shut down and stfu already.
mircea_popescu: for the unsubstantiated delusionsm of a few random geeks, working to make the world believe they're knowledgeable and important, bitcoin hiccups every so often.
mircea_popescu: right. splendid. how about go home and the problem goes away with you.
mircea_popescu: this is EXACTLY how usg works throughout. first, cause black people to be poor and depenedent. then cause them to be violent. then go on press conferences about how "they're doing things about black violence"
mircea_popescu: then they go on reddit to "explain" why what they fucked up isn't their fault, and "what really happened" , and collect cheap applause from the celenterates therein living.
mircea_popescu: an abundance of instances can be documented where they fucked things up
mircea_popescu: there can not be a single instance documented where they did anything useful to any degree or in any sense
mircea_popescu: these are people who have been so far causing nothing but problems for bitcoin.
mircea_popescu: here's what's the idea : after botching the soft fork, it seems illogical that the entire bip system should continue at all.
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