255500+ entries in 0.106s
mircea_popescu: actually i guess it depends on teh wisdom / celerity of teh admins currently involved if the future will hold it as best practice or just you know, that thing that might have been useful but never took off.
mircea_popescu: that they talk to each other is a convenience, and i guess best practice, but not really a necessity.
mircea_popescu: well obv that's optional. as the wot decentralizes, one can be part of as many / all of them.
mircea_popescu: <TomServo> Am I crazy for suggesting that assbot be subordinate to gribble until the exchange of ratings is sorted out? << why would it be ?
mircea_popescu: lol@fuckyou.biz sez "this article is fucking stupid and i hope it was written as a joke to piss off nerds"
mircea_popescu: ben_vulpes you don't understand, she was almost under 18 at the time and she didn't agree to switch positions!
mircea_popescu: <davout> just wondering if there was a specific reason it wasn't mentioned in the spec << so people can have fun.
mircea_popescu: anyway, i got a meeting, we'll have to continue this debte in a few hours.
mircea_popescu: it does make sense. because the trust does not derive from a robotic application of a gpg seal.
mircea_popescu: you're free to sign whatever matter a similar way, but it won't be thus notarized. it will just be your own mock-up of the process.
mircea_popescu: the notary keeps a list of all the items it was sent a certain way.
mircea_popescu: because for all i know you signed a "coin will fall heads" statement too and aren't sharing that one.
mircea_popescu: if you come hither with a signed statement saying "the coin will fall tails" i won't particularly care
mircea_popescu: people should be able to sign independently of the notary, and should be able to mock its formality, sure.
mircea_popescu: it won't show up on its website, but supposedly you dun care
mircea_popescu: that sort of latency means you'll be a late comer to the "sell it into the dirt" party.
mircea_popescu: im not happy with waiting the 200 blocks for the scamcoins to mature.
mircea_popescu: maybe this entire pool thing actually just needs to be a website to generate raw tx for people to put in bitcoind
mircea_popescu: course, this is not actually needed either. miners already do that, in that they look for high tx fee txn
mircea_popescu: it *could* just look for dblspent txs that made it on gavinchain and prioritize them
mircea_popescu: actually you're right huh, it doesn't need to be trustless and that "send to pool" step is gunk.
mircea_popescu: the principal utility of this thing is to guarantee the general public the ability to split its coins on the two chains
mircea_popescu: davout yeh i am surrendered, merging doesn't work like i thought it would.
mircea_popescu: i guess satoshi not only ran a windows machine with c, but it was a 32bit thing
mircea_popescu: if you really want that effect, fill a hunting weapon with quailshot and have at it.
mircea_popescu: i never heard anyone seriously propose bb guns for the job
mircea_popescu: mats i heard that theory more about the .38 as a better suicide weapon than the .45
mircea_popescu: davout it IS perhaps possible to create some sort of equivalency tables so that "Hi this is Bitcoinblock 1 with nonce 1456546456456456" and "Hi this is Gavincoin with nonce 3489759348759834" hash-collide.
mircea_popescu: also plenty of people are vain and want open casket funerals
mircea_popescu: i mean, if you're going to do it, why risk you just lose an eye ? survivors even after a 12 gauge shot exist.
mircea_popescu: mats and water can be quite healthy. doesn't make it the cure for life threatening conditions does it ?
mircea_popescu: The result will be a decrease in mining incentive, a decrease in mining, and ultimately all networks that allow merged mining will become insecure.
mircea_popescu: ve to mine will diminish. As long as a currency’s mining is merged with the freeloading currency, it will be powerless to increase incentives by imposing mandatory transaction fees.
mircea_popescu: This will increase the price of the currency with the lowest transaction fee (because demand for the currency is higher), and decrease the price of the currencies with higher transactions fees (because demand for those currencies is dropping as it is being filled by demand for the competing currency). Because the currencies with the higher transaction fees were the ones generating the incentive to mine, overall incenti
mircea_popescu: y with the lowest transaction fees as long as it has the same security of the competitors.
mircea_popescu: Except now competing currencies can market themselves as “as secure as Bitcoin but with lower transaction fees.” In other words there is a race to the bottom among competing currencies to offer the lowest transaction fees, because lowering the transaction fee doesn’t hurt the security of the network in comparison to the other merged mining networks. Users, following their own self interest, will adopt the currenc
mircea_popescu: This means that ultimately, to the extent that currencies are interchangeable to end users, merged mining does not increase the overall security of the networks. The demand for currencies drives the price (and thus the value of the reward). Increased demand for any given currency results in decreased demand for others, lowering the incentive to mine for the other currencies. The total incentive is a function of total d
mircea_popescu: At any given time there is a certain amount of demand for a Bitcoin like currency to make transactions. That need doesn’t increase with more competition. That means that the transactional demand for Bitcoin is really the same as the transactional demand for all substantially similar forms of payment. As more currencies are competing to fill the same demand they actually reduce the demand for the other currencies as t
mircea_popescu: check out dooglus (who isn't a gavin-approved economist, in spite of being exactly as certified&educated in the topic as the random idiots a la Oleg Andreev et all) explaining economics :
mircea_popescu: BingoBoingo yup. my cluelessness about alts is showing huh.
mircea_popescu: anyway, that spec'll hafta be revised, but needs more thinking.
mircea_popescu: better ways to ruin scamcoins than merge-mine them doth not exist huh.
mircea_popescu: what happens is that a hash of a block of the lower chain is inserted in bitcoin blocks, and then the lower chain accepts this as "just as good" proof.
mircea_popescu: i had thought different chains had to be forked to mm because of their different origin. but that's not what happens in merged mining at all.
mircea_popescu: hm. turns out i don't actually understand what merged mining actually is.
mircea_popescu: i guess this "merge mining' business needs moar looking into.
mircea_popescu: putting out blocks with both versions isn't actually putting out different blocks is it ?
mircea_popescu: BingoBoingo at the point prior to forking, the only difference between the two is version.
mircea_popescu: in any case imported ratings in either wot would be marked as such
mircea_popescu: davout tryin' to work out a sync paradigm with nanotube
mircea_popescu: Rozal: despite showing humility, he refused to remove his ratings - so I over reacted << is this klye ?
mircea_popescu: Rozal: I apologize, yes im a big liar who got mad because cazalla messes up my perfect ratings << wut the fuck going on there ?!