213800+ entries in 0.144s
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.
danielpbarron: those nodes could even give part of
the fee
to another node for further paid relaying, by giving with
the original
transaction along with another one
that spends
the not-yet confirmed fee (not allowed! i know, but in
this case maybe it helps more
than it hurts)
danielpbarron: without any consensus changes, you could put up a node
that will only relay
transactions which send a fee
to itself. user A wants
to send
transaction X so makes a few versions of it (doublespends) each sending
to same place but giving relay fee
to whichever node
takes it. whoever gets it
to a miner first gets
the fee
danielpbarron: a re-occurring cost? like having
to replace
tools as
they wear?
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: danielpbarron
the analogy doesn't hold. currently
the
tool gives miners cake while nodes pay for
the electricity.
there's some people cheering on
the sides, which i suppose makes
the nodes all warm inside ?
danielpbarron: but
to have
the ability
to send/recieve
transactions
there is
the assumption
that
the space will be wasted -- user
takes on
the cost of buying a
tool in order
to use
the skill
mircea_popescu: anyway,
to get back
to
the wallet : i would fucking love
to see a mpfhf collision on 513 byte input.
mircea_popescu: asciilifeform because
the bitcoin network bandwith far exceeds
the ACTUAL
transaction needs of
the civilised world.
☟︎ mircea_popescu: danielpbarron
that part wasn't much explained. all mining is
technically wasted space for
the node, not like
they get money for it.
mircea_popescu: if it were
the case you had
to pay 2 bux
to
transact in 2011, bitcoin'd have never exiosted
☟︎ danielpbarron: how is
that wasted space any more
than other people's
transactions are wasted space?
mircea_popescu: asciilifeform yes.
to get
the system off
the ground. i explained
this before, im pretty sure.
mircea_popescu: block averages say 5 btc in fees, for about 1mb of space. average
tx costs about 2 bux currently.
danielpbarron: isn't
the vacant block easier for you
to validate? shouldn't you prefer most blocks
to be vacant except when you have a
transaction
to send?
mircea_popescu: at
the cost of
the expensive space in mined blocks. yes.
mircea_popescu: this is not a factual descreiption.
the
transition from opportunity cost + 0
to opportunity cost + epsilon may matter, but so far neither record nor
theory offer any convincing reason it would.
mircea_popescu: apparently you can't make
the flock be good christians
through
tithe control.
mircea_popescu: there isn't an administrative solution
to
the problem you perceive. if
the "godfee" is low, it won't matter, and if it;s high it won't work.
mircea_popescu: looky, a common strategy of students
that are not in possession of
the material is
to resolve
those problems
they
think
they know how.
mircea_popescu: rent has been, historically, a poor dike against socialist
tide.
trinque: that would balloon
txn size
though
trinque: asciilifeform: sounds like fee
ttl is contemplated
danielpbarron: you have
to process something. a confirmation is a confirmation
trinque: danielpbarron: what's meant is cost
to process
the block he shat
trinque: the perverse incentive
to do
this ought
to diminish over
time as
things are
danielpbarron: not a cost
to anyone who already had a
tx confirmed 1
to 5 blocks ago
trinque: I'm more interested in
the claim
that null
tx == junk
tx
trinque: "segwit if whatever amount is
tiny" ????
danielpbarron: could make it so a
tx spending
the smallest unspent output without a sig is considered valid
mircea_popescu: even
the
theory
that 1 satoshi is actually
the denomination of btc is iffy
mircea_popescu: libertards call it
that ; but
then again
they call all sorts of
things.
mircea_popescu: if you mean something like "block subsidy = 100 btc forever ; and each block must contain 1k
txn ; and each
txn must waste 0.1 btc"
then you've done jack shit.
danielpbarron: or leaked
to a future block
to be claimed along with
tx fees
a111: Logged on 2017-01-17 00:21 asciilifeform:
to possibly squeeze something useful from
thread: as i understand, a lamport-based 'trb-i' ~could~ run on z80.
mircea_popescu: yeah. actually, im going
to write up an alternative addressing shceme.
mircea_popescu: ripemd160(sha256()) + sha256(sha256) checksum ? wtf is
this bullshit.
mircea_popescu: in any case i'm not a huge fan of
the current address derivation scheme
mircea_popescu: myeah.
that, also, gores on list : cipher of known hardness.