255000+ entries in 0.096s
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, "
mircea_popescu: "Do you have any anecdotal examples of crypto users on the side lines saying things like,
mircea_popescu: would you even notice that same day ? that week ? ever ?
mircea_popescu: everyone i know that's not dumb is busy doing shit. the people "discussing" on reddit are an entirely different brand. if tomorrow they were replaced with a frog infested pond, what'd happen ?
mircea_popescu: i'm not about to regret that reagan didn't make more us workers go to party indoctrination class.
mircea_popescu: similarly one could observe that the soviet union had very impressive victory day parades. sure. this, principally, because the soviet citizen had little better to do, either productively, for leisure or for his own safety.
mircea_popescu: how's this a problem anyway ? pre-bitcoin, pre-gpg, etc, i can see it. today ? who gives a shit ?
mircea_popescu: of course, the right doesn't generally create unruly mobs of idiots that spout nonsense. this, principally, because the right is not comfortable for idiots.
mircea_popescu: decimation i don't really see it the same way. when nanotube was disappeared earlier this month, gribble got replaced within something like a week. seems to me the organisation's fine.
mircea_popescu: decimation the craftyness of it, tho. who is presented as the golden standard ? microsoft. because why ?
mircea_popescu: what sort of rotten oats would an ass have to eat to imagine that something that couldn't be done later should be done now. it's the screaming declaration of "we don't represent anyone but wish to rule everyone"
mircea_popescu: because a) we deeply care about the "i predicts" of propaganda agents ; b) "hurry up guise, if we don't do it while nobody's looking we won't be able to do it at all"
mircea_popescu: With the limit in place, Bitcoin runs the risk of stagnating. When the limit is lifted, I predict we will see mass adoption."
mircea_popescu: The 1 MB block size limit needs to removed as soon as possible, and replaced with something that scales automatically, rather than through risky hard forks that require political consensus. It's 2015, Microsoft, one of the largest companies in the world, accepts Bitcoin, and the Bitcoin network can only handle 3 transactions per second, unless there is a hard fork. Getting rid of the 1 MB block size limit is long overd
mircea_popescu: could lead to Bitcoin community splitting into two networks, or a hard fork could end up not happening due to community infighting. Both of these would be disastrous for the Bitcoin economy.
mircea_popescu: reddit : "You're only looking at the technical side of it. Leaving the 1 MB block size issue for later is risky due to political/social reasons. Every hard fork brings with it uncertainty and risks because it requires wide consensus to be carried out smoothly. As long as these risks hang over the Bitcoin economy, many companies will be hesitant to make long-term commitments to the Bitcoin economy. Afterall, a hard fork
mircea_popescu: "tldr: economically speaking, core dev team should not worry about increasing the block size limit until at the very least we see average transaction fees consistently above the 0.0001 btc 'minimum'. At that point we can revisit this debate. There are other questions about feasibility and politics that I'll leave out."
mircea_popescu: this is like ether all over again. "oh we have tons of support!!1" "how come nobody is trading ?" "it';s mystical support. woodcollector knows all about it. we'll send you a private video." etc.
mircea_popescu: i am kinda shocked nobody is wanting to buy gavincoins from me for a fucking steep discount, incidentally.
mircea_popescu: "Likewise, in the worst case if Bitcoin did overshoot to become centralized alt-coins and the market would again solve the problem."
mircea_popescu: decimation for sure, making it plain that bitcoin isn't a sort of
http / pki / dns / ietf / whatever captive protocol in the courtyard of some us dependent or another is quite valuable. first and foremost for bitcoin.
mircea_popescu: his rethoric was different a coupla months ago, and as far as anyone can tell hasn't actually caught up with your representation thereof.
mircea_popescu: there's many intertwined issues there. the outermost layer is, to establish whether an english speaking cia visitor is even in a position to push through a hardfork.
mircea_popescu: this is too lengthy a discussion. bitcoin is perceived as a threat by pretty much every central bank, you know that much.
mircea_popescu: i don't know why a whale would want to be 20 tons. so what of it.
mircea_popescu: listen, arguing to ignorance is really bad engineering.
mircea_popescu: you don't get a private island just because you want one. things have to do with each other, it's the way of the world.
mircea_popescu: it's so far 100% of the bitcoin "told the usg to get fucked" party. once you digest that you might be in a better position to evaluate who matters and who doesn't,
mircea_popescu: but if headcount feels the need to learn this through headcollisions with hard objects, it may.