219800+ entries in 0.145s
mircea_popescu: ben_vulpes do you mind ? i'm having a quality moment here with
the alf.
mircea_popescu: omfg
the original code is priviledged what part of
this is hard
to grasp!!1
mircea_popescu: the
thing gavin
thought constitutes
the basis of his importance.
mircea_popescu: it's a cheap and welcome cut, reduces
the codebase,
that and
the idiotic "alert messages" are certainly next
to snip
mircea_popescu: i
think he was just being contrarian, isn't seriously holding
the position.
ben_vulpes: asciilifeform: how do you square
this "someone mighta" with "nothing for allcomers", and in particular "a specific
thing for nobody"?
ben_vulpes: heat flux
through butt on gold
toilet
turns out -- not pleasant
mircea_popescu: in my extensive practice as a major economic agent i never either wanted
to or did bother
to verify one.
a111: Logged on 2017-01-27 19:10 asciilifeform:
there are historical signatures floating about, and one might wish
to verify
them
ben_vulpes: "address-generation from mining" literally does not compute for me unless
there's some amount of "pubkey hash must meet
this criteria" a la bitcoin
ben_vulpes: is
there some amount of "mine for privkey" involved?
ben_vulpes: i never successfully worked
through how
transacting would work
mircea_popescu: nevertheless, once
the headcount crosses millions into billiosn, well... forgetaboutit.
mircea_popescu: yes, property is functionally as well as fundamentally "this is mine which means it's not yours nor yours nor yours nor - i see you
there hiding in
the back, yours either!"
mircea_popescu: still, none of
this solves
the fundamental problem, which is : as more and more people get involved,
the cost of reporting each
transaction
to everyone else balloons.
a111: Logged on 2016-08-31 18:02 mircea_popescu: until
the coinbase halves, you can only use 50 btc ;
then 25 and 12.5 etc.
mircea_popescu: asciilifeform nah, all
the ones i've seen use normal 1.5v watch battery.
mircea_popescu: it's actually pretty cool ; can't possibly miss even in
the dark. also cunt looks good in it.
mircea_popescu: asciilifeform did i
tell you about
the led crotchless "underwear" ?
mircea_popescu: davout
the
thing
that SHOULD be done about it is make it work in such a way it doesn't choke in its own fumes. not
that i know how
to do
that.
☟︎ mircea_popescu: asciilifeform
this is like
thinking if universities stopped stupidifying girls
tomorrow you'd get good service at
the diner.
davout: mircea_popescu: i can see
that
too, not much
that can be done
though
davout: and whenever i do i manage
to glue it
to sane
txen in order for it not
to be dust anymore
mircea_popescu: davout
the problem discussed is where
the most serene republic spans 85 million stars and a
trillion planets and everyone involved holds a few satoshi and
ten
thousand
times more slaves.
davout: and in
this regard, doing-by-hand certainly has value, in
the sense
that i don't end up with dust
davout: i make pretty much all of my
txes by hand and fragmentation is something i
try
to avoid as much as possibru
davout: seems
to me like defragging could be a
thing given
the correct
tools
mircea_popescu: asciilifeform gold is worthless for
the exact reason goldbugs/idiots
think it better
than bitcoin. no scaling, because anchored
to irrelevancy
mircea_popescu: anyway,
the issue of fees hopefully limits
the smallest practical unit
to maybe 1k or so, which blessfully shaves 3 zeros from
the problem, and at
the right end
mircea_popescu: note
that
the per-block value is liable
to stay ~constant ; it certainly varies less
than
the price of bitcoin for instance. so
those satoshi will always be worth a lot in fiat
terms anyway
mircea_popescu: but
this one ... well,
the numbers actually don't work.
mircea_popescu: this is
the only part of
the system
that's
truly badly designed.
the node/miner
thing, meh,
that's iffy.
mircea_popescu: so yes, if we aim
to go from "all coinbases = 1 satoshi"
through merger
to "all coinbases = 2 satoshi" we're looking at a whole shitload of blocks.
mircea_popescu: depends on factors and
things but as degree of magnitude it's
there.
mircea_popescu: anyway. war in
this sense, as in napoleon invading, is a loss of information. ie, library burning.
mircea_popescu: yes, but as
they progress so does
the bitcoin fragment.
mircea_popescu: tell you what,
to
the stupid cunts getting pregnant at 13 and failing
to learn how
to wash or
twerk by 16,
the little details of
their dirty interiors are relevant.
mircea_popescu: of "value" in a very novel, post-bitcoin, deeply information-theoretic interpretation of
the
term.
mircea_popescu: from
the pov of
the network, glueing
together is
technically speaking a loss.
mircea_popescu: three generations later, all of saxony is 500 duchies, princely domains etc
the size of your yard.
mircea_popescu: asciilifeform
think of evolution of holy roman empire. currently, block of
thousand btc all carry
the same meaning, "we belong
to holy roman emperor".
mircea_popescu: as
time wears on, more and more
tinier and
tinier bits of coin carry irreducible meaning, and can't be defragged
mircea_popescu: technically speaking sticking people back into
their mother's cunts
to get
two people out of a litter of 12 also costs
the same.
mircea_popescu: asciilifeform
the defragging is an antientalpy movement.
mircea_popescu: much like nobody seriously bothers
to say "the wavefunction
that is office chair"
mircea_popescu: now
this ontological preoccupation is of no great practical importance, which is why people don't generally gas past "hey it's an uxto"
mircea_popescu: all coins, in
the sense of agglomerations of satoshi, exist as descendents of an original block subsidy, and in
that sense ARE coinbases ; much like electrons or photons are wave functions.
they manifest verifiably in certain points, as "unspent
transaction outputs" ; muych like waveform collapses.
they interact with matter, in certain ways,this is called a
transaction.
ben_vulpes: i am under
the impression
that a coinbase would not need
to be injected, but
that
the individual utxos do need
to be.
a111: Logged on 2017-01-27 19:00 davout:
thestringpuller: UTXO set is ~2gb
tops, indexing might be nice but necessary
to scan for UTXOs
that match a given set of addresses, also
the wallet part can cache
them if
that particular wallet is
the only one able
to actually spend
those UTXIs
ben_vulpes: let us sweep
the floor
then, and settle
the semantics. "unspent
transaction out" is now "coinbase" according
to mircea_popescu ?
ben_vulpes: "coinbases" in
this post means something rather different from what i've come
to know
them as eg
the block subsidy
ben_vulpes: wait no i don't, why is
tx-gen box
to be offlined and not
the signing box?
mircea_popescu: asciilifeform yes but
there's no clean way currently for me
to replace old-wallet with davout-wallet. so in
that sense, modularize
the wallet out of
the code.
a111: Logged on 2017-01-27 18:51 asciilifeform: it'd be one
thing if davout proposed
the cut ~in
tandem with~ a standalone walletron. even if it were made entirely out of
the old one.
mircea_popescu: bitch, you're nobody's wife and
there's a reason for
that.
mircea_popescu: this #1 disease of
the failed female, "if i were your wife i'd poison your coffee."