254800+ entries in 0.057s
mircea_popescu: but in point of fact the "monetary pholgiston" so to call the idealised thing is very poorly understood.
mircea_popescu: surely. and for that matter piss-poor models for bitcoin. that example is easily more misleading than useful.
mircea_popescu: Pierre_Rochard you know, the "say the word, nodes ready, miners ready within a recompile" messages i got so far and that keep piling in...
mircea_popescu: so there DOES exist some elasticity in the monetary good.
mircea_popescu: to some degree the demand for gold was elastic, and this is trivially proven by the fact that while industrial revolution europe used gold, china opf the time used silver.
mircea_popescu: (discounting, of course, frustrated nobodies a la adam back, who are so cocksure they imagine they invented clorophorm)
mircea_popescu: i don't know anyone that seriously thinks they have a model on it
mircea_popescu: it was discussed earlier with jurov, but of course noobs don't read logs.
mircea_popescu: I don’t want the developers setting it every two months, but I dont’ see a way to make fee revenue per block drive it (because the real-world bitcoin exchange rate is so variable) << this is particularly fucking stupid
mircea_popescu: uh this log. so yesterday^H^H^H^ earlier today ben_vulpes is all like "god i love you guys". then i get all "wtf is this derp thinking, giving usgavin room to pretend for ?" and next line in log, sure enough...
mircea_popescu: !v assbot:mircea_popescu.rate.felipelalli.-1:ce71215acbced2ee28e23af75dd7b767e6314f260038f4c916a1aa81cb263c6e
mircea_popescu: !rate felipelalli -1 has a very strange idea of when it's time to talk.
mircea_popescu: anyway, ftr, there's nothing at all in this gavin thing. so he came in, derped about nothing in particular, found his way out. at least a dozen random noobs/spammers performed just as well.
mircea_popescu: kinda funny how "statist " is slowly becoming a cry de guerre.
mircea_popescu: b) the spammy link you replaced it with isn't even local. or useful.
mircea_popescu: a) It's not nice to snip the source link - if you thought the guy;s work is good enough to use, think the guy is good enough to credit ;
mircea_popescu: kinda hoping that the by-default gossipd keystore system may be enough
mircea_popescu: kakobrekla: i noticed when i was coding that keyservers tend to go down a lot << this is true, and has been for a while. pgp keyservers like the weakest link in the assets system currently.
mircea_popescu: BingoBoingo re that post, lemme tell you how flattened i was by davout using "posteriority" :D
mircea_popescu: anyway, i figure if someone goes to the trouble of getting a cloak they prolly care about it.
mircea_popescu: STRML you're not using your cloak correctly youknow. we can see your ip.
mircea_popescu: which is fundamentally why they gotta keep quiet, for that matter.
mircea_popescu: that'd be yet another difference between me and (bpay / coinbase / derp.* etc) : not only i make money and they make burn rate, but when i speak i speak from atop a position of significant power. they speak out of their ass, pretty much,not having an iota of actual influence either way.
mircea_popescu: mpex is not regulated by the nyse, or in general by the us. expectations to the contrary will result in bruised expectators.
mircea_popescu: mike_c: i suppose his point is along the lines of "mpex controls the coins it is holding, but account holders own them". << quite a weak point.
mircea_popescu: ne1 else recall the glbse conference where nefario explained all about how he's immune to stuff two weeks before closing down ?
mircea_popescu: exact same thing, in this exact same chan, three years ago. nefario was all "oh, we're so smart we got stallman to come"
mircea_popescu: now that guy doesn't know how to erase his name from the mess.
mircea_popescu: "we're so smart, we even got the dean of the cyprus uni to come!"
mircea_popescu: however, it only speaks volumes to those capable to listen.
mircea_popescu: it speaks volumes as to his own perceived value of his own "opinions" which he doesn;'t actually hold.
mircea_popescu: guy saw an opportunity to check off thisparticular thing without actually doing it, and took it.
mircea_popescu: yeah derp claimed he can't come because he's got a lunch engagement, then found out that so do i so he suddenly could.
mircea_popescu: thestringpuller: mircea_popescu: pity conformal isn't better known. << how so? << they did all sorts of things for "the community" to be able to use their own stuff, which the community isn't doing because... well i guess more because lazy and stupid, but hey.
mircea_popescu: reason to not "drive adoption" to idiots / poor people / etc.
mircea_popescu: asciilifeform the 2nd is particularly pernicious because of the "good enough" approach. "what do you mean bitcoin transactions can't be used to identify anything ? here's a list of derps we know for a fact, they're 50% of the blockchain spam"
mircea_popescu: Adlai the exchange has no margin in an indefensible market and makes no money.
mircea_popescu: at this point listing them on mpex should yield what, 25% of equity. because it'd definitely increase their market value by that much.
mircea_popescu: asciilifeform it just has to do with, if a bunch of nodes wake up and find you...
mircea_popescu: i have what the dorks refer to "Fat pipes" on a number of nodes and they still get saturated on occasion.
mircea_popescu: jurov: now i have 40/40 , but back when i had 10mbit uplink, bitcoind sometimes saturated it << this is an universal experience.
mircea_popescu: and yes, a socialist state can only be run as a prison or as an insane asylum. because socialism is insanity.
mircea_popescu: asciilifeform where by 20th c state we mean, one of those insane constructions where everyone is equal.
mircea_popescu: felipelalli: but I also found too aggressive the numbers of Gavin. And why do you guys hate Gavin? << you will benefit from reading the logs, also googling "site:trilema.com gavin" might help.
mircea_popescu: chetty: <<< reading various stuffs here on the great blockchain 'fix', I wonder whatever happened to "If it ain't broke, don't fix it!" <<< "everyone wants to be a developer" happened. and "everyone should get what they want" also happened.
mircea_popescu: the theoretical theory was that "Bitcoin is all nerds anyway" and so any old junk should stick.,
mircea_popescu: asciilifeform subtlety is expensive. political competence especially so.
mircea_popescu: point in case of this matter, once gavin is questioned as to why exactly he wants to do x, and he immediately and seamlessly moves into "oh, so what's the right value, so you want to do X' ??" it is clear that he is not in fact interested in what he claims to discuss
mircea_popescu: and by the incredible tenacity they put into keeping it that way'
mircea_popescu: they're trivially identified in the field by the shockingly unhelpful nature of their helpings,
mircea_popescu: that they're "investing", that they wiosh to "drive adoption", that generally they're only trying to help.
mircea_popescu: davout there's a large chunk of facetious asshats who hate bitcoin just as much as the next guy whose unearned position it threatens. but they figure they get further with a spoonfull of honey than a barrel of vinegar, and so will make this sort of claim.
mircea_popescu: because it is a sort of insanity that can not readily be grasped from outside.
mircea_popescu: davout have you spent any time in teh us corporate environment ?
mircea_popescu: assbot: The-Feminist-Software-Foundation/ToleranUX << lmao this shit better be parodic.