246300+ entries in 1.639s
fluffypony: AliExpress is
a nice way to overpay for something and spend 3 months waiting for it
mircea_popescu: new block (64 bytes in length) depends on all the previous blocks. As
a result
a hypothetical “memory-saver” should increase his calculation speed exponentially."
mircea_popescu: "We propose
a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to
a slow memory and emphasizes latency dependence. As opposed to scrypt every
mircea_popescu:
A: "An open-source technology and concepts for the cryptocurrencies of the future" as stated on the website. Also, CN developers state it clearly that they are not
a coin itself, but rather
a technological concept that allows creation of new cryptocurrencies.
punkman: seems like
a US thing to me
mircea_popescu: perfect fambly business, your gf could keep
a network of friendly garage owners to rent from, your other gf could spend all her time doing one garage
a day for five days
a week, you can handle the buying and logistics.
mircea_popescu:
a pepper mill that retails for $25 at Bed Bath & Beyond could be yours for 35 cents and moved on to
a 28yo fuckwit that just bought
a diamond ring and
a mortgage for the low low price of $5.
mircea_popescu: heh, just had
a business idea. rent garages in first home neighbourhoods, buy crap for the people doing pond shops, abandoned storage container auctions, police confiscation auctions etc
thestringpuller: mircea_popescu: "Much like .nobody knows how to make movies. was generally true in Hollywood, .nobody knows how to make Bitcoin businesses. is generally true in Bitcoin." << I wish designers weren't as "uppity" these days. It's surprising that
a designer straight out of school thinks they know how to "change the world" better than their predecessors who have been doing it for decades, yet these baby designers ha
thestringpuller: It's
a great analogy you use between Bitcoin finance and Hollywood.
HeySteve: I'm still using
a nokia brick :)
fluffypony: meh, I'm the wrong person for this debate, I'd still use
a 3310 if it had more games than Snake
fluffypony: I love my iPhone. but then again, I primarily use it as
a phone. I do
a bit of browsing and play games and have
a bunch of apps of various utility, but I don't use it for anything I would consider sensitive
mircea_popescu: ThickAsThieves << that's
a huge thing, documenting all the memes. milk, and first, best and greatest and whoa nelly, tons of them
danielpbarron: which you could do yourself, but keybase is like
a yellow pages of these associations
danielpbarron: keybase has you tweet from your twitter account,
a special message containing
a hash of
a GPG signed statement of association
danielpbarron: you can upload your priv key to them and use
a password for future signings
danielpbarron: it lets you make
a social media style profile in which you can link other profiles by posting GPG signed proof messages
mircea_popescu: HeySteve cheaper than two guys with shotguns to back you up and
a new pair of spatz every time some twennysomething spaz tries to be smart.
HeySteve: could offer buyer
a discount if they jump through the hoops
HeySteve: the thing is,
a LBTC sellers who got or are worried about being scammed in F2F would want it if it existed
mircea_popescu: make it
a social media site centered around contract making
mircea_popescu: HeySteve actually
a site like that, WebContract or w/e, where you simply put up html forms for people to ul their contracts and you verify them
fluffypony: HeySteve: the act of signing still requires
a modicum of technical ability
fluffypony: localbitcoins could integrate
a quick and easy mutual GPG-signed contract
HeySteve: I wonder if it'd be worth developing
a service for this, to make GPG contracts easier for casuals
danielpbarron: and this really happened; so anyway, HeySteve had the good idea to get the cash guy to sign
a GPG contract specifying his receiving address, before the face-to-face meeting
mircea_popescu: danielpbarron oh i see. yep, you got
a solid point there.
danielpbarron: there was
a real case where
a guy said he wanted to sell his headphones for BTC; they met in
a place that had
a camera; the footage showed one guy type on his phone, and the other guy left with his headphones
mircea_popescu: that's akin to the matter of finding
a girl that menstruates pearls.
HeySteve: ah well then it's just
a matter of finding
a bitcoin-friendly bank that loves helping the public :D
mircea_popescu: the difference'd be that while the bank cam can be used in court, random joe blow does not get
a copy
mircea_popescu: yes well there's
a difference between
a bank and
a coffee shop.
HeySteve: I've read an account of where it was done, I think LocalBitcoins got involved. was either
a bank or coffee shop
mircea_popescu: want
a fiat stock exchange as clean as mpex, gotta put in as much work as mpex does.
HeySteve: I had an idea to improve security of f2f trades: beforehand buyer signs
a contract stating his receiving address. if the buyer gets the coins but doesn't pay (as per security cam), theft is on record
mircea_popescu: fluffypony how about you sublet half
a duplex to some schmuck
ozbot: An inventory of
a prison pe Trilema - Un blog de Mircea Popescu.
thestringpuller: Baseball is
a good excuse to gather I say. At least for us Americans lol
BingoBoingo:
A kind of mini conference for those of us awaiting the gasenwagen as asciilifeform says.
thestringpuller: Damn BingoBoingo I need to treat you to
a baseball game this summer.
thestringpuller: It's quite perplexing. If this experience were ocurring with
a Bitcoin business this instant...it would definitively be
a scam...
thestringpuller: Bitcoin with it's fixed maximum supply and decreasing rate of new coin generation is going to continue moving against the dollar. Any plan for
a business that touches both Dollars and Bitcoins needs to be prepared for the contingencies of both Million Dollar Bitcoins and for One Dollar Bitcoins.[1] If either contingency breaks your business model, you need to rethink your business model unless you want to be runn
decimation: mircea_popescu: "anyway, this constant tendency to abstract people out of life is
a sickness by now." << I suspect as least 90% of USG spending is put toward programs who have the goal of treating people as if they were automatons
nubbins`: was going through
a real meatspace phase D;
moiety: nubbins`: i was going to suggest you watch
a film but i think you've seen everything ever made XD
nubbins`: taking
a break right now, in fact :D
benkay: i go out, i meet
a chick as part of my gadding about the local scene. she's an acceptably well-practiced and hardworking programmer. i like her, we fuck. i can't hire her now basically.
benkay: allowed it to be
a part of life, you know?
mircea_popescu: on it goes. you gotta have people in the loop or it ain't
a thing.
mircea_popescu: anyway, this constant tendency to abstract people out of life is
a sickness by now.
mircea_popescu: give her $100 to buy fishnet stockings, watch her come back with
a purse and batteries.
mircea_popescu: "go to buy shoes. come back three hours later with
a half cup made out of tin foil and something that looks like
a mouse with no buttons"
mircea_popescu:
a sort more palatable to the modern religious mind, which as you stated, works on the " Grand Designers will come up with Cool Shit" faith
benkay: not
a terribly bad idea
mircea_popescu: jurov has it. the entire thing is
a restatement of the perpetuum mobile,
benkay: distributed systems as
a term of art in the industry (as i'd expect you to know, fluffypony) does not refer to these blockchain applications
fluffypony: but look at
a decentralised data store like Tahoe-LAFS, for instance
fluffypony: I'm thumbsucking here, I'm not
a distributed systems expert
mircea_popescu: so i buy some shit from you. i send it to an addy where you have
a sig and i have
a sig and we must both sign for you to get paid ?
fluffypony: ok so
a 2 of 3 multisig transaction to purchase an MP3 - funds are now out your wallet and requires two sigs to release to the supplier
benkay: fluffypony: i've yet to figure out how to build
a DAC i can't rob.
mircea_popescu: "when trust becomes
a product of data instead of
a product of human decision making." << srsly, this is nonsense fluffy
fluffypony: functionally and from
a design perspective. The *software* signs off on the transaction with no input needed from the client.
fluffypony: mike_c: I think interesting things are coming from "trustless" systems when trust becomes
a product of data instead of
a product of human decision making. For instance, imagine
a designer works with
a client who specs their project out. When the designer has completed it and delivered it, intelligent software is able to analyse his design and determine within
a reasonable amount of probability that it matches the client's agreement both
benkay:
a) provenance of exchange.
benkay: fluffypony: if i can't list
a thing on mpex, i haven't made
a good enough thing. there isn't another exchange out there that i'd sully my thing by listing on.
mircea_popescu: this is the nonsense at work here,
a sort of tech worship.
fluffypony: I don't think the tech is fundamentally flawed, I think there's
a lot of good stuff and good ideas underlying it all...I just think that anything like that is only really going to be useful in 20+ years when the current banking/regulation systems are significantly different from today
benkay: mircea_popescu: the purpose of
a scam exchange is no accountability and access to pennies from paupers
mircea_popescu: benkay the purpose of
a stock exchange is major and ceo.
kakobrekla: i deleted my linkedin
a couple of days ago
jurov: mircea_popescu: how? if it doesn't have
a website that can be shut down and is decently resistant to double spends?
benkay: i guess i'm assuming someone does
a 'distributed' 'exchange' adequately at some point in the future.
benkay: it's not
a classic GLBSE in the sense that someone's going to shut it down. theoretically anyone can walk the 'exchange' at any time and discover the assets available for trade.
fluffypony: (and api normally lives on separate hardware so the site stays up in the event of
a DDoS on the API layer)
fluffypony: mike_c: I don't know if you can exclude it in CF's PageRules, never bothered checking, but you can have
a subdomain (CNAME /
A record) and just turn CF protection off for it
bounce: your due diligence is going to be
a bit of
a whale, yes
bounce: oh, while I know next to nothing of trading, I have
a possible mm candidate: moriarty, the one of spamming come to ##econometrics (in)fame
fluffypony: I hate having to have
a UI on
a server, lol
fluffypony: but it'll work for all changes except
a captcha, and you can run it every 10s
Naphex: there's
a lesson there