213400+ entries in 0.132s
mircea_popescu: totally ruins
the "anglotards can
think"
theory. if
they could
think
this'd be
the #1
think
they'd be on
the lookout for.
a111: Logged on 2017-02-19 18:39 mircea_popescu: reported by
the miner
that included it, as best i can
tell.
mircea_popescu: i can scarcely see how could
there be more of
that, but ok.
mircea_popescu: now,
the objection can of course be raised
that "what guarantees do i have someone will marry me",
to which
the answer is of course both none and fuck you. it works if you work it, as
the expression goes.
a111: Logged on 2017-02-25 23:22 mircea_popescu: basically nodes are
the digital equivalent of women : men fuck
them so
the state can have babies. hurr durr, pill plox.
mircea_popescu: the storing node chose by
the victorious miner
to do its prepwork gets whatever
they agreed upon.
mircea_popescu: 'tx is paid for all nodes for a million blocks, while creator pays once and miner rakes in
the cake << consider, if it costs 10 bux
to store a kb for 1mn blocks, and it costs 20000 bux
to mine a block and
there's 2k
txn
to
the block,
then it can be said
the split is even.
mircea_popescu: not last word in any sense, not in general nor on its own
topic. but still, prerequisite. first step sorta
thing
mircea_popescu: it's a step
towards closing market as discussed above.
mircea_popescu: but
the idea is
that it does force
the presence of LARGE node infrastructure.
mircea_popescu: deeply unfungible, like people,
these
txn. 15yo can't fuck 5yo.
mircea_popescu: of course, with
this scheme we also lose bitcoin mixing, which is
the
true problem.
mircea_popescu: it is no better in any sense
that matters
than pantsuit mcclinton clown.
mircea_popescu: you understand
this, yes ? currently
the blockchain is an inexistent object
the world depends upon.
mircea_popescu: well it will also
turn
the blockchain into a
tenable from an untenable proposition.
mircea_popescu: none of
these are "permanent"
to
the 1mn block standard.
mircea_popescu: people have no problem using milk, or for
that matter glass. or silicone chips.
mircea_popescu: 1mn blocks, it should be pointed out, aka 10mn minutes, is a long
time.
mircea_popescu: there'll be up
to 1bn coins in
the system at all points after
the millionth block, and everyone can price
their holdings according
to blocktime, and all is well.
mircea_popescu: but
the correct
trb-i might just as well end up
this situation where block reward is 1mn bitcoin, and it dies within 1mn blocks. so all mining does is produce ~ a lease ~ on a chunk of bitcoin. and
the value of old bitcoin is monotonically decreasing over
their lifetime.
☟︎☟︎ mircea_popescu: now,
there is a lot of merit
to danielpbarron 's observation -- all
that is, must die. but yes,
there's also a lot of merit
to
the contrary alf view --
the whole fucking point here is
that we're flirting with immortality, innit now.
mircea_popescu: this marries us
to an infinite object. which
then creates problems, as discussed.
mircea_popescu: "block 53 produced a 50 bitcoin mining reward. where is it
today ?" "uhhh" "sit down."
mircea_popescu: no, lose in
the sense of, "we no longer need
to store
tx Z because reasons
mircea_popescu: which makes "pruned" blockchain entirely useless for any purpose (other
than "convincingly"
to a standard
that's not actually convincing pretend
to be you know, done homework)
mircea_popescu: the problem with "expiring
txn", as fundamentally and intuitively sound as it seems, is
that if you lose
the relation
to
the original coinbase, you lost everything.
mircea_popescu: this will necessarily mean
that
the woman does not own her body, in some sense and
to some degree, when discussing cunts ; and
that i don't know what
the fuck unpleasantry, when discussing bitcoin.
mircea_popescu: so : maybe
there can be a way
to organize
the whole scheme so
that
the cost of a
txn in
terms of node is balanced out with
the cost of
the
txn in
terms of user ; and miner.
a111: Logged on 2015-09-29 10:10 mircea_popescu: who knows.
the venetians spent all
their
time
training
the girls
to be whores, lost
to charles on
the field
then won in
the bedroom.
mircea_popescu: it's how
the us set itself up
the bomb,
through "morality", also ; and why as it is dying,
that relaxes.
mircea_popescu: and
this is what "when
trade stops war starts" fundamentally means : all items WILL be priced. if
they can not be priced
through a market,
they will be priced
through a war. which is why whores are
the exact mechanism
through which war is avoided : in pricingtheir cunt on
the market,
they avoid
the need
to have
their cunts priced at
the point of
the sword.
mircea_popescu: nobody, and consequently...
they aren't. but
this isn't a market, it's a war.
mircea_popescu: who will provide
the dying empire so
the young brits of 1990 can be as cool as
the brits of 1790 ?
mircea_popescu: such systems do not exist outside of a simulation,
take for instance
the issue of piracy ; or its exact equivalent, "trade".
danielpbarron: the
transactions and addresses wouldn't need
to contain info about
the expiration.
the nodes would know when it expires based on when it was first mined into a block
mircea_popescu: for instance eulora, all items
that exist can be priced on
the basis of other items
that exist ;
there are no items outside of
this scheme. makes eulora a perfect system.
mircea_popescu: asciilifeform a market is closed in
this sense when all
the externalities can be priced.
mircea_popescu: this is in direct relation
to our discussion re how bitcoin fragmentation kills bitcoin anyway.
danielpbarron: periodic flattening of utxo set into 1 addr = 1 output, proof of work
to make an address, make addresses expire
mircea_popescu: it's not so far clear
that
there can't exist a sensible, and protocol-explicit method
to close a market around
the fundamental problem of uxto
mircea_popescu: whereas
the blockchain will grow and grow and grow, and with it
the aggregate cost of handling
that one
txn will be infinite.
mircea_popescu: however much it cost, fifty or fifty billion, a
txn will cost a number.
mircea_popescu: no matter how expensive a
transaction
that is is,
the bulk of
things
to come will overcome it.
mircea_popescu: danielpbarron
the problem is
that whatever a bar may be placed in front of people, it must be finite. whereas
the flow of
time is infinite.
danielpbarron: what if a
tx has
to come with a proof of work
that is just harder
to find
than
the
tx as a whole is
to verify?
mircea_popescu: the solution
to
this problem is still what it was last we discussed it : make
the nodes responsible for
the
txn
they convey
to you.
mircea_popescu: asciilifeform
this is not directly obvious. anyone may publish any bullshit
they want, and i spend 0 cycles not reading it.
mircea_popescu: shinohai
tell
the little bitch
to stop being so fucking poor.
mircea_popescu: well, it'd be ~same as
the large easter island items, you know ? "immutable object"
mircea_popescu: people'd just keep
track of
the previous outputs like so many
tradestones.
mircea_popescu: bitcoin reduced
to coinbase (ie, newly minted coins) spending only.
mircea_popescu: currently, in order
to create a
txn you must mine it (calculate some hashes), worth about 1/10^20 of a block or so.