254700+ entries in 0.078s
mircea_popescu: that's the problem, what appears on the surface as doing one thing ends up doing the exact opposite when very complex systems are involved.
mircea_popescu: <undata> this social media thing I think has created the notion that identity is a matter of self-definition << has little to do with social media tho. it's more an outgrowth of the "civil rights" movement.
mircea_popescu: <BingoBoingo> asciilifeform [..] << You have an absurdly gross overestimation of the standards for Boyscout badges << i dunno dude, i never got the "all girlscout nookies" one.
mircea_popescu: well... best business practices security an' errything.
mircea_popescu: only thing missing being, mickey doesn't put on the sorcerer's hat to go to some conference
mircea_popescu: "i have never seen it do anything else before" and "who could have predicted"
mircea_popescu: it will fill any shape and any volume we draw for it. because it must. because... god willed it!
mircea_popescu: and cryptographic security oozes out of the ether and miners are just this abstraction getting in the way of the ooze.
mircea_popescu: people who imagine endlessness is a natural phenomena need to spend less time cooped up in their rooms, dreaming up shit.
mircea_popescu: "Some day, and that day may never come, I will call upon you to do a service for me. But until that day, consider this justice a gift on my daughter's wedding day."
mircea_popescu: asciilifeform yes. they made women and children dependent on a man.
mircea_popescu: wtf is this, derpy guy going to hansa agent in riga cca 1315, "hello this is my very valuable small river rock, how can i send it to london ???"
mircea_popescu: people whose budget is $50 have NO BUSINESS trying to maintain trading networks that span continents.
mircea_popescu: What are more safe alternatives in U.S. to fix our problem? (We can't afford losing our last $50) << this.
mircea_popescu: so for people needing a hundred bucks moved, it's hell on earth.
mircea_popescu: that said, remittances in the us are a total nightmare, because a) the us is principally insane and b) the entrenched interests of current processors work against the customers.
mircea_popescu: so, spare me the reddit nonsense. bitcoin, money, and good stuff aren't for poor people.
mircea_popescu: and exactly nobody would ever know, exactly how the foregoing episode is known specifically and exclusively because i chose to share it.
mircea_popescu: i could, if i were so inclined, finance a nuclear programme or pay for some murders in this manner.
mircea_popescu: jurov for what it's worth, here's my experience with bitcoin remittances : i sent btc to otc correspondents, ordered wires sent out to the hk account of my local agent, who has paid me dollars, in cash, in argentina. the entire process took less than what it takes to get a letter of credit, and significantly less than what international trade normally settles in.
☟︎ mircea_popescu: this is r/buttcoin/ level understanding of bitcoin, for srs.
mircea_popescu: "<gavinandresen> My point is the point of Bitcoin is I can make a transaction to anybody in the world" << uhh.... if this is the point of bitcoin then bitcoin has at all points been so far offpoint it's a wonder it's still here.
mircea_popescu: davout: i'm more of classical music and jazz guy << i knew there was a reason i liked you!
mircea_popescu: but in this sense, a scenario where gavin has gay sex with midgets can also be constructed. so let's put him in prison for it,
mircea_popescu: obviously, a scenario where block congestion is a real problem may be constructed. it may even, in principle happen.
mircea_popescu: davout it's really a very complex problem, "what to do".
mircea_popescu: anyone that's not read buffett's post mortem on that venture, once "block size was removed", really has no business participating in this conversation.
mircea_popescu: in point of fact, the industrial revolution was started by, and driven by, the textile industry.
mircea_popescu: guess what : mining is a marginal business as it is, and exactly the problems that ruined the western textile industry in your parent's lifetime can and will, if given a chance, ruin bitconi.,
mircea_popescu: but the notion that mining will still work no matter how badly the incentive structure gets ruined, because somehow mining is a god given gift / universal service obligation of nature to man doesn't.
mircea_popescu: somehow the idea that you can get "just as good food and service" no matter how cheap a restaurant meal gets, like say a cent, or 1/1000th of a cent, is directly stupid to people.
mircea_popescu: and that doesn't actually even begin to address the (unrelated) problem with "infinite blocks", which is market destruction out and out.
mircea_popescu: davout: justusranvier: in your article you shouldn't be reasoning on the cost of including a transaction in a block as (cost of one block / number of transactions) but you should reason on the marginal cost of adding a transaction to an already existing block that i'm currently mining << quite
mircea_popescu: davout: MAH HARICUT IS SIKRIT BZNS << honestly i had no idea it's a haircut. i had imagined it's simply whatever's left once the neighbours are done cutting their hedges.
mircea_popescu: ben_vulpes: contains "fix issue" buttons << lol this sounds like early chinese factory automation
mircea_popescu: and by the time it's out of cycles, that drive has seen petabytes worth of traffic. the cost of 1 petabyte of pipe exceeds the cost of the drive many times over
mircea_popescu: shitty turdware in the chip more likely to be the culprit in any case.
mircea_popescu: no, srsly, kakobrekla has it. i've seen more controller failures than anything. actually out of cycles deaths are so rare i don't recall one.
mircea_popescu: ahahaha wait, wait. so gavin actually sprouted the ninjashogun line re b-a "conversation quality" ?!
mircea_popescu: it's not likely to make a difference mats. hdds are hceap enough.
mircea_popescu: ben_vulpes: i can't spot *every* scam << o wow, do we get the sad, blood splattered, tear imbibed story of it ?
mircea_popescu: where are the retarded bois going to mix cvasi azure with moss green and gold!
mircea_popescu: hory shit it's going to be th ecase nobody actually wants a PROPER web page ?!
mircea_popescu: Adlai there are jsons. i am thinking about putting a job up for site-ification of those outputs.
mircea_popescu: asciilifeform you know that scammer creativity analysis actually sounds very like soviet police doctrine, on meditation. didja get it out of some book ?
mircea_popescu: an usg education is an economic substitute of an actual education, and margerine is an economic substitute for butter.
mircea_popescu: asciilifeform: Pierre_Rochard: there is nothing, and good reason to think there cannot be, anything which even rises to the level of an ersatz. << in economics, substitute is a functional substitute not a logical substitute. in this sense, your feet are a substitute for a train.
mircea_popescu: so you're spending 100 cakes per loaf of bread instead. because this is "economics" as understood by "expert economists" : oleg andreev, gavin assassinsen, that nytimes thoctchke what's his name
mircea_popescu: becase IT IS POSSIBLE that in YEARS!!!! it may go as high as i dunno, 5cents ? a whole quarter ?
mircea_popescu: like you know, if bread in your african village is 5 dollars a loaf, and there's cake at 2 cents, you won't buy any cake.
mircea_popescu: Pierre_Rochard: not to mention, the transaction fee _today_ is $0.02. Where is every man woman and child? Why are they not taking advantage of this amazing opportunity?? << because, the argument goes, they're so farsighted into the future, this children of the paycheck loan, these african seasonal hunters, that the POTENTIAL of it costing maybe more tomorrow perhaps is inhibiting them.
mircea_popescu: lol. "k guise, i guess we have a fundamental difference of opinion about this here wide screen tv i stole from your place"