210800+ entries in 1.685s
go1111111: thestringpuller: not if that special hardware is always below
a certain cost threshold
nubbins`: and eventually you'll need
a raspberry pi 2.0 with
a 30 usd external storage medium that has 2x the capacity
thestringpuller: as of now you can run
a full node on
a raspberry pi with
a 30 USD external storage medium
nubbins`: yes, for full nodes. do you have any idea how many people in the world don't have
a "spare computer"?
thestringpuller: For mining perhaps (capital expenditure) but not for full nodes, which is
a more frightening scenario...
nubbins`: maybe you need
a computer that was built after 2004 if you want to run
a node
go1111111: the problem is that having small blocksizes and high fees doesn't actually make anything nicer for anyone. that's what nubbins and I have been arguing. the extra "niceness" you want is
a trivial savings in abundant computer resources
nubbins`: "poor people should be able to run
a node"
go1111111: smaller blocksizes tend to increase the fee required to get in
a block. lower fees seem preferable. the only case i can see where you wouldn't want smaller fees is when network security was based heavily on fees, but that won't be the case for
a while
Apocalyptic: nubbins`, the blocksize limit also incudes
a lot of economic consequences regarding transactions and fees
go1111111: mining = running
a full node, i mean
thestringpuller: lets take
a look at top and see what bitcoind is consuming
thestringpuller: my full node runs on
a computer circa 2004, it barely can chug.
nubbins`: why in the fuck would someone turn off their node over
a block size increase?
nubbins`: Apocalyptic i'm trying to figure out why everyone has their dicks in
a knot about it. nobody seems to know.
nubbins`: so to run
a full node, you'd be expected to dick around with software
a little bit and have
a first-world internet connection
nubbins`: BingoBoingo, how long did it take you to start
a node from scratch as of this summer?
thestringpuller: starting
a full node as of now isn't trivial. ask BingoBoingo how long it took to start one from scratch as of this summer.
nubbins`: o noes, somalia can't run
a full node
nubbins`: how much bandwidth does
a full node chew right now?
nubbins`: this is not unusual for
a first-world country, is it?
nubbins`: note that usa is not
a first world country
nubbins`: this is not unusual for
a first-world country, is it?
nubbins`: i've been sitting on 50mbit for
a couple years now
nubbins`: okay, sure. seems like
a fair assumption
thestringpuller: he's talking about block size going up 50%
a year because of bandwidth "doubling" every year
nubbins`: nobody's talking about average internet speed increasing by 50%
a year
nubbins`: you're just throwing random numbers together in
a sentence
go1111111: thestringpuller: you're asking "why up 50%
a year?". my reply directly addressed that. Gavin has
a different idea of where he wants Bitcoin to go, and it requires lots of transaction processing capability
Apocalyptic: but if it was able to do
a lot more, it'd be pretty awesome // what is it with people always wanting the same thing to "do
a lot more" ?
nubbins`: go1111111: do you have numbers in mind or is it just
a wank?
nubbins`: BingoBoingo: okay, so when people say "bandwidth is the thing to be concerned about", do they have numbers in mind or is just
a wank?
go1111111: thestringpuller: many people see the potential for Bitcoin to replace much of the global financial infrastructure. i know people in this channel prefer Bitcoin to be
a gold-replacement, but if it was able to do
a lot more, it'd be pretty awesome
BingoBoingo: nubbins`: Gavin hasn't proposed
a hard number where he wants to start 50% annual increases from.
BingoBoingo: <thestringpuller> if you want
a tx to get in the block add
a fucking fee and pay for the nice thing you've been given << This
thestringpuller: if you want
a tx to get in the block add
a fucking fee and pay for the nice thing you've been given
thestringpuller: so then why up 50%
a year and not leave the block size alone?
thestringpuller: the higher bandwidth necessary to run
a full node over time T will force the centralization of nodes
go1111111: regarding CPU power, the ASICS that are doing the hashing are not the same resource that would add
a transaction.
a general CPU would be doing that, which would otherwise be sitting idle
go1111111: thestringpuller: Gavin surely knows that it adds some burden on full nodes, but the point is that it's
a trivial amount. engineering is about tradeoffs and the thing being traded off against increasing the block size is miniscule
pete_dushenski: very much like
a magician who distracts the crowd with
a joke or
a pretty lady while the trap door opens.
pete_dushenski: ben_vulpes: everyone writes one << everyone with
a blog and
a brain.
nubbins`: neat indeed. pretty fuckin costly for 1oz of silver in
a plastic box tho
pete_dushenski: mircea_popescu: kids active today grew up in
a world of computer game word filters << different is bad and not nice and trolling and mysogyracist! poor fucking kids...
mircea_popescu: o look, ed went to shit meanwhile. anyway, they had
a decent article on this power word : real name thing,
a decade ago
mircea_popescu: there you go. saying someone's name is
a potentially dangerous, magical activity.
mircea_popescu: asciilifeform how do you 'dox' people unless there's dirt ? << there's
a lot you don't know.
assbot: How
A Bigger Blockchain Is Less Secure And Why Block Size Ain’t Gonna Increase Any Time Soon | Contravex:
A blog by Pete Dushenski
BingoBoingo: asciilifeform: People like to imagine all pseudonyms are hard even though there's
a difference on the scale of Dr. Seuss to Deep Throat
Vexual: well you give
a name and adress
Vexual: bali got
a fuckton from oldmate
Vexual: and theres
a direct flight to moscow if i want
a oroper city
pete_dushenski: "I have never owned much Bitcoin. I give away or spend what I buy. I am not
a hoarder of Bitcoin. I don’t care about that aspect of Bitcoin, although many (most?) do. I care about it as programmable money."
nubbins`: there's
a lodge run by
a french lady about 3 hours out of puerto maldonado
nubbins`: if you float down the rio tambopata in peru they will give you
a special stamp
Vexual: i dont want to get on
a terrorist list
assbot: How
A Bigger Blockchain Is Less Secure And Why Block Size Ain’t Gonna Increase Any Time Soon | Contravex:
A blog by Pete Dushenski
assbot: How
A Bigger Blockchain Is Less Secure And Why Block Size Ain’t Gonna Increase Any Time Soon | Contravex:
A blog by Pete Dushenski
assbot: Spanish nurse with Ebola may have touched her face with
a glove - The Washington Post
Vexual: i need
a fucking mission
diana_coman: I'm to blame for Sweete__ being here, since he pm-ed me about trading and I asked him why wasn't he in here if he was
a trader
Vexual: you
a lowrider or something?
nubbins`: what i studied was the branch known as "pure mathematics", which is
a bit more on the esoteric side and
a bit less on the practical
nubbins`: the philosophy is
a step removed, hidden within the math
Vexual: its maths and phiolosphy in
a special ball of yummy
Vexual: i even out my hand up wuth mart arse answers every once in
a while
BingoBoingo: <mircea_popescu> i think if that were
a question on
a junior college class - in humanities, mind you - you'd be lucky to get
a kid in five spot it. << Ever the optimist
mircea_popescu: i think if that were
a question on
a junior college class - in humanities, mind you - you'd be lucky to get
a kid in five spot it.
mircea_popescu: asciilifeform speaking of unless. on
a scale of 1 to 10, just how transparent is the ef-deer = fdr reference ?
mircea_popescu: forget it, it's like asking
a dog to relate cause and effect across
a week
mircea_popescu: as far as everyone's concerned, google's
a bucnh of geniuses. that they managed to fuck their market, well... that's just an accident.
Vexual: if you see me pick up
a gun, shootme
mircea_popescu: THAT is why the telcos want
a slice of the pie. because google and co managed to fuck the internet
mircea_popescu: stuff like "net neutrality" aren't occuring in
a vacuum. people have in fact managed to narrow it enough that by now managing sites on
a per site basis is fewasible, just like channels on cable
mircea_popescu: asciilifeform quite. and speaking of which... anyone's given
a look at the internet, recently ?
mircea_popescu: kids active today grew up in
a world of computer game word filters
mircea_popescu: nubbins` lemme tell you something. i grew up in
a world where owning the words was implicit. so i neatly expect any system ever devised to recognise my sovereign right to use any word i fucking choose. period.
nubbins`: anyway there was
a few jackasses who wanted to buy coolio's back catalogue with btc
mircea_popescu: promotion business is
a promoter's business. has jack shit to do with music.
nubbins`: he also made more money as
a producer than as an artist