23400+ entries in 0.255s
mircea_popescu: the solution is either an improvement in the technology (such
as, going from bdb to bfs
as discussed here etc), which will lower it somewhat, or otherwise the indicated : stop being poor.
mircea_popescu: there's a reason i said 2 in 2 out. anything else is either nonmoving (1-2) or else tree pruning (2:1 ends up with a single coinbase ; 1:2 ends up with an infinity of satoshi sized coinbases you might
as well stop lying about and issue outright)
a111: Logged on 2017-02-28 12:14 mircea_popescu: a fourth, minor point, is that you have your market primitives ass-backwards. no price formation is ever envisaged to have "asks may depend on bids"
as an edulcoration of "asks are fixed ; bids are fixed" because it is always possible to produce a pricing function for the product (based on cost) whereas it's never possible to produce a pricing function for the demand (demand is a psychological, not a physical phenomenon). the
mircea_popescu: both result in your not eating soup, but that
as it may.
mircea_popescu: well, i read your attitude
as rather negative to it. but okay.
mircea_popescu: this is not a merit but a dismerit of the design,
as such.
mircea_popescu: 90 get returned AGAIN. fair deal,
as far
as the nodes are concerned, ie the distant cousins did nothing else nor anything worse than the original 1k.
mircea_popescu: (because
as a miner you got this cask returned for the 5th time, whose head do you cut.)
mircea_popescu: it may well be argued that user is actually worst-fucked,
as per 6.a or .b examples above.
mircea_popescu: whatever attempt to "turn the cock against the man" will fizzle just
as soon
as man feels like it. the cockbearer is a matter of fact not a matter of convention.
mircea_popescu: amusingly enough, the whole segwit thing could be best described
as "a rather braindamaged attempt to implement half of stan's casks"
mircea_popescu: in fact most usecases that don't reduce to "we know each other so really we don't need bitcoin in the first place" fail to be served by your scheme
as it is.
mircea_popescu: a fourth, minor point, is that you have your market primitives ass-backwards. no price formation is ever envisaged to have "asks may depend on bids"
as an edulcoration of "asks are fixed ; bids are fixed" because it is always possible to produce a pricing function for the product (based on cost) whereas it's never possible to produce a pricing function for the demand (demand is a psychological, not a physical phenomenon). the
☟︎ mircea_popescu: (fellow was trusted by "everyone" to have best infos
as to the situation in europe ; when he offered half price for the bond tranche everyone erroneously decided napoleon had won.)
mircea_popescu: there's a major problem with the very tight coupling your write-up may be read to envisage wrt cask filling. there are,
as far
as reality goes, two lists : a list of available txn slots in blocks, which is fixed and aforeknown, and a list of desired txn, which is neither fixed nor truly aforeknown. the workers moving the latter into the former (miners + nodes) are necessarily going to have serious trouble doing a very fixed a
mircea_popescu: might
as well be connected to "far east spirituality", seeing how it's just about the same thing, bored, idle and useless middle class cali chicks trying to find something to do with themselves that would still be useless and improductive.
phf: i'm thinking klezmorim
as reinterpreted through the 60s do your own thing prism, "happenings", clown with an accordion being "playful" and "weird". it's hard for me to fully connect this line because the whole scene is repulsive
trinque: story still ranks
as one of my favorites
mircea_popescu: it's almost
as good
as "you can't tell who sent who what"
a111: Logged on 2017-02-27 22:07 mircea_popescu: now, the historical solutionb to the problem,
as well
as perhaps a workable solution here, is the intrinsic oracle. if user relays txn to a node WHO MAKES A PROMISE (such
as for instance "the txn will be included before block n" ?) then the nodes can be scored by their oracle value ("what he said turned out true!) and suddenly you have a more meaningful node market.
mircea_popescu: if you drew that conclusion from that premise we'd correctly identify you
as an engineer martian.
a111: Logged on 2017-02-27 22:04 mircea_popescu: i certainly don't keep nodes for "our democracy",
as discussed recently.
mircea_popescu: now, the historical solutionb to the problem,
as well
as perhaps a workable solution here, is the intrinsic oracle. if user relays txn to a node WHO MAKES A PROMISE (such
as for instance "the txn will be included before block n" ?) then the nodes can be scored by their oracle value ("what he said turned out true!) and suddenly you have a more meaningful node market.
☟︎☟︎ mircea_popescu: i certainly don't keep nodes for "our democracy",
as discussed recently.
☟︎ mircea_popescu: generally, the mempool function
as go between users and nodes. this function is important.
mircea_popescu: danielpbarron that is true, but ungermane. your scheme
as proposed simply works better on a proper tree. timekeeping separate.
trinque: this draws them into the open
as you wanted
mircea_popescu: that's why all the efforts to help "black people"
as they were understood by white people created a thin sliver of black people tuned to entertain white people atop a large mass of exceptionally disenfranchised if somewhat authentic black people.
a111: Logged on 2017-02-27 17:59 trinque:
as though the brain, dereferencing a null pointer, picks another at random
a111: Logged on 2017-02-27 20:17 danielpbarron: asciilifeform, the staged-mining i had in mind was more like: a valid block can contain a bunch of coinbases
as long
as they add up to a specific difficulty-value. whoever finally puts the block together cannot steal the rewards of the lesser pieces, and it would be just
as hard if not harder to make replacements for them to fill the rest of his block's space.
trinque: I can send you a completely empty block now
as a miner, and you'll take it
danielpbarron: asciilifeform, the staged-mining i had in mind was more like: a valid block can contain a bunch of coinbases
as long
as they add up to a specific difficulty-value. whoever finally puts the block together cannot steal the rewards of the lesser pieces, and it would be just
as hard if not harder to make replacements for them to fill the rest of his block's space.
☟︎ trinque:
as though the brain, dereferencing a null pointer, picks another at random
☟︎ a111: Logged on 2017-02-19 18:39 mircea_popescu: reported by the miner that included it,
as best i can tell.
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.
mircea_popescu: it's a step towards closing market
as discussed above.
mircea_popescu:
as large
as mining farms, or larger. or i guess less large - by an adjustable factor.
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: this marries us to an infinite object. which then creates problems,
as discussed.
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: it's how the us set itself up the bomb, through "morality", also ; and why
as it is dying, that relaxes.
mircea_popescu: who will provide the dying empire so the young brits of 1990 can be
as cool
as the brits of 1790 ?
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: well, it'd be ~same
as the large easter island items, you know ? "immutable object"
mircea_popescu: anyway. mined-txn is impractical because of a very practical impedance mismatch, which for historical reason we'll render
as "not everyone can be a bank".
mircea_popescu: asciilifeform the piece needn't be found
as such. a large portion of the us-mexico conflict of the 1980s was over silver. which was good money in china.
mircea_popescu: aha. suddenly they would swallow any dick, just
as long
as it's not trump.
a111: Logged on 2017-02-27 12:30 mircea_popescu: (story there was, olympus "hired" aka finally accepted its first foreign devil ceo (michael woodford) in 2011 ; and fired him two weeks later
as the dude was principally dedicated to the job of, how can we finance usg out of this japanese corp. the usg however didn't go home, but started "legal proceedings", which eventually resulted in the above theft, plus whatever office supplies woodford managed to take home. apparently 6
mircea_popescu: phf i am not surprised, it's pretty jarring
as far
as these get.
mircea_popescu: (story there was, olympus "hired" aka finally accepted its first foreign devil ceo (michael woodford) in 2011 ; and fired him two weeks later
as the dude was principally dedicated to the job of, how can we finance usg out of this japanese corp. the usg however didn't go home, but started "legal proceedings", which eventually resulted in the above theft, plus whatever office supplies woodford managed to take home. apparently 6
☟︎☟︎ mircea_popescu: dude, they fucking gutted them. olympus agreed to pay the usg ~70 billion yen in fines, and install obama's children
as an "independent outside monitor". whole corp market cap being you know, 1.3trn or some shit. who the fuck pays 5% of the market cap
as a fine already, what is this, Совет Экономической Взаимопомощи ?
☟︎ mircea_popescu: "
As you may be aware, Olympus Corporation of the Americas (OCA) recently entered into civil, criminal, and administrative settlements with the United States in connection with the sales and marketing of certain OCA products. This letter provides you with additional information about the settlements, explains OCA’s commitments going forward, and provides you with access to information about those commitments."
trinque: bizarre. "no, we really don't think this company which extracts what ~everything runs on~ is
as valuable
as ... pick your non-essential toy company"
trinque: same pf.conf
as before reboot, works nao
trinque: PSA that
as of now I cannot access the box hosting deedbot via SSH.
mircea_popescu: this needs to run over many,
as in thousands, of blocks.
jurov: yes, it will sit
as a brick and i'm fine with it.