254900+ entries in 0.054s
mircea_popescu: not in the sense where some vcs come on later, pat us on the head, give each a car and wipe us out.
mircea_popescu: it CERTAINLY has no value as a bitcoin development paradigm, because well... BITCOIN IS NOT FOR SALE.
mircea_popescu: maybe this has merits as a website develoipment paradigm
mircea_popescu: here's the thing : the vc circus has created an entire culture of these idiots. "grow fast make no money sell out"
mircea_popescu: "The fundamental pain point here, is that Gavin insists on everyone being able to get in, instead of allowing a sane transaction fee market to emerge, by letting the blocks actually fill-up."
mircea_popescu: i dun like so much about my eyes how they miss things :D
mircea_popescu: davout i don't like so much about your blog the fact there's no clear mention of the date.
mircea_popescu: kakobrekla it's btcjam : if you don't simply forget all about your website account, you can always just not pay later on.
mircea_popescu: yeah, totally need more adoption so the various scammers with bootstrap websites can burn more noobs.
mircea_popescu: this is doubtful, but i'll let asciilifeform argue it.
mircea_popescu: BingoBoingo i don't know any fat hunters. i know precious few slender fishermen.
mircea_popescu: thestringpuller monolitic c at least had some rationale back in 1980. but c++ is not c, and for that matter the year's not 1980 either
mircea_popescu: "oh i have 50 btc in a wallet somewhere, i contributed 5000 lines of code to bitcoin core that will have to be taken out later at considerable expense and i go to all th conferences if some scammer is paying the airfare (coach)"
mircea_popescu: kakobrekla yeah, and they all work because 4. none of these derps actually matters in bitcoin.
mircea_popescu: roughly in the position of a hunting party that's out there building sandcastles and collecting flowers.
mircea_popescu: apparently they'll want to change bitcoin to gavincoin 1:1 later on, but they don't want to change it at a 25% discount today.
mircea_popescu: jesus sifting from all these offline messages left by people who believe enough in the gavincoin to want to buy it for .75 bitcoins each.
mircea_popescu: wholla lotta dumb in his funny looking head otherwise.
mircea_popescu: except for no particular reason the check was against a signed value (the very careful part), which inadvertently reduced a scarce resource
mircea_popescu: sometime in 2012 an uncontroversial fork was put in, so that sometime in 2013 blocks are mined with version 2 instead of version 1.
mircea_popescu: sort-of like the man who gets drenched in volcanic eruptions every single week, worrying about meteors falling.
mircea_popescu: and yet the "uncertaininty" is generated by imaginary problems. not by this.
mircea_popescu: usually not that big. sometimes fucking ridiculous (like the one time when they changed versioning)
mircea_popescu: meanwhile, gavin's top priority is... you've guessed it.
mircea_popescu: damental issue stated above nor does it provide disaster recovery or prevention."
mircea_popescu: "The current solution as proposed by Bitcoin Core is, when you get right down to it, “let’s just be really careful with code changes and hope for the best”. There is no real disaster recovery or prevention plan. Yes, there is ongoing work to split the consensus critical bits out into a library and I think this is a good idea and am glad to see it happening. However, it still does nothing to address the real fun
mircea_popescu: difficult and borders on impossible. The issue is implementation independent."
mircea_popescu: "There is currently no way to guarantee that any two versions of Bitcoin software, whether they are two different versions of Bitcoin Core, two different versions of alternative implementations, a version of Bitcoin Core versus a version of an alternative implementation, or even two copies of the same version of Bitcoin Core built with different compiler versions are in exact consensus agreement. Doing so is incredibly
mircea_popescu: coinbase made its round, so it may have a little leeway.
mircea_popescu: ben_vulpes for all i know it was just overflowing idiocy.
mircea_popescu: it doesn't seem to have much notion of economics in any sense.
mircea_popescu: how's the "talking sense at redditards" business going ?
mircea_popescu: asciilifeform incidentally, re go : you know the only other bitcoin implementation is btcd, written in go ?
mircea_popescu: you know, that's the guy that came up with a glbse asset that consisted of buying lottery tickets ?
mircea_popescu: i don't think the 0.1 source was ever actually released
mircea_popescu: but he's willing to buy people drinks in san juan, who knows, maybe then.
mircea_popescu: " phantomcircuitDiablo-D3, the real danger here is convincing people who dont truly understand the problem that something is safe which is in fact extremely risky"
mircea_popescu: quite. no they, and nothing's being particularly wanted.
mircea_popescu: the same sort of rabid idiocy seems to be wafting from both of them. half curious if the same "pr" company hired for both.
mircea_popescu: if i wasn't so disinterested i'd have someone mine reddit to get a relative comparison of votes/words wasted on gavin's coin vs neobee
mircea_popescu: will totally work. unless you know, for a few months when launched. and well... if you make a wallet that's not your walletr.
mircea_popescu: assurance contracts. srsly. what's next, replace wallets with obamacare website ?
mircea_popescu: "hey listen, we have a perfect system that works in proved practice to reward miners. let's replace it with some libertard idiocy that a) provedly never worked in practice and b) for well understood theoretical reasons that we don't like so they don't really exist"
mircea_popescu: this idiocy with "Assurance contracts" takes the cake.
mircea_popescu: the onus to show that they DEFINITELY WILL NOT BE is on you lot of "bitcoin experts"
mircea_popescu: Luke-Jr Name a single Bitcoin expert who thinks 1 MB blocks will be sufficient forever? << 1mb blocks MAY be sufficient forever.
mircea_popescu: i suppose bitpay "embassy" is still deserted because whatever, people were insecure about what may happen if the bitpie in the sky is smaller than perceived.
mircea_popescu: Yes, I personally have lost enthusiasm for recruiting merchants, because I don't know what will happen once 1 MB block size limit is reached, "