255600+ entries in 0.069s
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 ?!
mircea_popescu: unconstitutional accusiations. capitanich sounds more like ximenez each day.
mircea_popescu: Argentine Cabinet Chief Jorge Capitanich had said Nisman's allegations were "crazy, absurd, illogical, irrational, ridiculous, unconstitutional".
☟︎ mircea_popescu: "He was alone in the apartment," prosecutor Viviana Fein told reporters. "There are no witnesses." << probably the best reason to keep a harem ever.
mircea_popescu: i mean... the circumstances are such that he'd have been killed, and dunno yet if powder residue. literlaly nothing indicates a suicide.
mircea_popescu: so... "nothing indicates it was a suicide, but we'll lie about it."
mircea_popescu: "Everything indicates it was a suicide," Secretary of National Security Sergio Berni told local television. "We have to see if gunpowder is found on his hands."
mircea_popescu: In late 2013 Jorge took an active interest in the economics of cryptocurrencies. He became extremely skeptical about its underlying soundness and chances of success, and has been advising the Brazilian public against investment in bitcoin.
mircea_popescu: true men aren't swayed by redditarded frenzy, nor by soviet pretense to power.
mircea_popescu: "Iustum et tenacem propositi virum non civium ardor prava iubentium, non vultus instantis tyranni mente quatit solida."
mircea_popescu: empathy is the fundament of all literature, for the reason that it's the fundament of all humanity. but empty palaver doth not an empathy make.
mircea_popescu: i wonder why all these derps ranting on and on about "empathy" never manage to produce one. imagine a victim like that.
mircea_popescu: but works, yes. "have fun for what it's worth, mister. your time is short."
mircea_popescu: prolly Conington's got the best version. "Then take, good sir, your pleasure while you may. With life so short 'twere wrong to lose a day."
mircea_popescu: Dum licet, in rebus jucundis vive beatus. Vive memor quam sis aevi brevis.
mircea_popescu: ;;google how many cups of starbucks coffee in one gallon of tide
mircea_popescu: but obv none of this has much if at all to do with you or teh starbux
mircea_popescu: so giving someone a coffee gift card is like... "go fuck yourself" ? ie, let's have a cup of coffee but without me there ?
mircea_popescu: just... coffee is this triviality, of no financial consequence. however, inviting oine for coffee is either sexual or whatever.
mircea_popescu: it kinda blew my mind. probably for no good reason, objectively.