258100+ entries in 0.085s
mircea_popescu: plenty o\f restaurants bring them open to the table tho
mircea_popescu: "This is one of the shittiest pieces of fear mongering I've ever read. Hard forking is and should be a natural and regular occurance and never has any hard fork ever threatened the block chain. It's called natural selection. Have a little faith in the educated masses"
mircea_popescu: "This guy owns enough BTC to crash the price to 0 on the fork if it develops. Basically imagine launching an altcoin that starts out with the current blockchain as genesis. Then imagine a huge holder acting to destroy this altcoin to protect the original Bitcoin."
mircea_popescu: ima ask the sec to give me 50k i apparently paid them ?
mircea_popescu: then it sudden;y won't ever be a topic mentioned again by the ~500 or so fake reddit accounts working at creating "consensus" of "the community"
mircea_popescu: adlai yeah, all this "satoshi this satoshi that" will be heard until the 1mn hoard quietly splits one night.
mircea_popescu: "Dude that runs Mpex is a crazy narcissist that happened to get rich (if he cashed out) from being an early adopter. I think the MPEX buy-in was 10k coins just for a seat at the table even after the price hit $30. He also just consented to a $50k fine from the SEC for selling unregistered securities."
mircea_popescu: "However, I also expect Bitcoin to become a) more forgetful and think that b), there could be a systems that puts the burden of validating a transaction on the sender of the transaction instead of the network. So that maybe, maybe, in the more distant future, all that needs to be kept of the decentralized blockchain are the headers, which is less than a CD-ROM full of data for 100years."
mircea_popescu: dude, reddit really likes being educated, provided the "education" in question consists of telling them how great and important they are.
mircea_popescu: ny how they define "THE community" linking between blogs of handful of people.
mircea_popescu: Gavin educates, make his points and tries convince community without antagonizing anyone. Popescu is probably the biggest jerk in the community, and his flock are such a dickheads that I'd be happy to see them using separate chain just so they can circlejerk and pretend they are the kings of the crypto-word in their own sandbox. Anything they write is so repugnant, that it's just impossible to argue with them. It's fun
mircea_popescu: the fake bitcoin foundation is going to make it for two years ? bwahahaha gimme a break.
mircea_popescu: "This is how the max block size will be increased, hopefully with the same 2-year delay. By the time the change actually happens, everyone will be using a client with the new rules because that's the only type of client that will have been advertised on bitcoin.org and elsewhere for 2+ years. You'd have to go massively out of your way to download a version without the new rules."
mircea_popescu: davout if proof was needed that the 'teh-code-is-teh-spec' approach is fundamentally braindamaged, well, look no further <>< clearly. not to mention the recent ecdsa openssl debacle, which is pretty much exactly a replay of the bdb stuff. "oh, we included code but we had no idea what it does" sort of approach to code-is-spec specwork
mircea_popescu: what people knew about it was important then, but is not really germane
mircea_popescu: <sgornick> The (bdb) rule wasn't (widely) known before v0.8 caused the fork, but it was coded into v0.8.1. << it is technially correct to say that the 8.1. version is in fact more restrictive than the pre 8.0 version.
mircea_popescu: inasmuch as the old thing is bitcoin, and the new thing some shit gavin made.
mircea_popescu: <sgornick> First, gotta get some vocabulary simplified. When we had the unplanned hard-fork March 2013, we had the protocol "pre-v0.8' and "v0.8" . What do we call this protocol with the hard fork implemented vs. that without the hard fork (i.e., unchanged? ) << bitcoin vs gavincoin.
mircea_popescu: that's exactly it, in the quest to "we promise to over-react, please re-elect us" the socialist politicians are stuck moving the goalposts in the future. their ideal pov is to resolve problems for which no being alive can now hang them
mircea_popescu: <davout> trying to solve other people's problems that don't exist yet, the recipe for success :D <<< kinda the meat and potatoes of socialist government eh.
mircea_popescu: there's a system where you only fly if they have empty seats, costs bupkiss
mircea_popescu: kakobrekla this is a point. all the people derping about "economy" fail to have read that old mpoe-pr article about buffett and textile industry on the forum.
mircea_popescu: the slowly creeping usg-isation of bitcoin has to be nipped in the bud.
mircea_popescu: have trouble understanding your proposal - ordinary users will be easily bamboozled by a government sponsored security update. Further, when the crisis hits, to disagree with the line, to doubt that the regulators are right, and the problem is the evil speculators, becomes political suicide, as it did in America in 2007, sometimes physical suicide, as in Weimar Germany."
mircea_popescu: er, more serious, and more disastrous, as with the most recent one. Each attack is hugely successful, and after the cataclysm that the attack causes the attackers are hailed as saviors of the poor, the oppressed, and the nation generally, and the blame for the the bad consequences is dumped elsewhere, usually on Jews, greedy bankers, speculators, etc, because such attacks are difficult for ordinary people understand. I
mircea_popescu: "The big and easy government attacks on money target a single central money issuer, as with the first of the modern political attacks, the French Assignat of 1792, but in the late nineteenth century political attacks on financial networks began, as for example the Federal reserve act of 1913, the goal always being to wind up the network into a single too big to fail entity, and they have been getting progressively bigg
mircea_popescu: <davout> would transactions still propagated accross fork branches in the event of a hard fork scenario? <>< hard to tell, but mostly yes.
mircea_popescu: "we" are not in charge of things just because pelosi likes to pretend so.
mircea_popescu: <kakobrekla> but on that i think we are still way under limit. << and i think women are overweight, by and large. what do we do ?
mircea_popescu: davout it's a very hard problem this, spying on light.
mircea_popescu: just, it will work out my way. not mtgox's way, not pirate's way, not reddit's way or the forum's way or vessenes' way
mircea_popescu: adlai that bet doesn't measure "successful" was discussed before, and i said "well, yeah, but it's better to err this way, give the bet a chance"
mircea_popescu: where originally the occasional noob might be something people want to help, if there's a lot of them that well will be run dry. which is what happened in 1993.
mircea_popescu: if suddenly there's a lot of noobs here, there'll be an inflaiton of noobs.
mircea_popescu: benjamindees inflation is the increase in the supply. whatever it is.
mircea_popescu: BigBitz optics as the element that goes over the airgap. rather than sound.
mircea_popescu: benjamindees how much of this discussion have you read ?
mircea_popescu: "you can't fuck her unless she agrees" "that seems arbitrary, why her and not me ?"
mircea_popescu: bejesus reddit is practically full of fake accounts with a party line.
mircea_popescu: bitcoin does not do that, specifically, and so yeah, pack it and get lost.
mircea_popescu: but that;'s because you were expecting to defraud the faith others put in bitcoin by inflating it.
mircea_popescu: yeah, get lost. obviously bitcoin HAS NO VALUE TO YOU,
mircea_popescu: "If the community can't hardfork today we could stop using bitcoin now and look for the better suited alt coin. If bitcoin can't fork-update it has no value."
mircea_popescu: it's an attempt of unrelated third parties to run away with bitcoin.
mircea_popescu: a hard fork that's not been ok'd by the bitcoin foundation (the real one, not vessenes' scam) is automatically an issue fort the obvious reason :
mircea_popescu: gavin does NOT have the authority to create a hard fork.
mircea_popescu: "I agree a big discussion is necessary before changes are made, but we shouldn't act like a hard fork is somehow inherently an issue."
mircea_popescu: i was thinking more along the lines of a publicly accessible splitter service
mircea_popescu: there never was a hard fork before. the march event was an observed fork which was resolved by abandoning the new chain.
mircea_popescu: thestringpuller if you mean todd's comment, he is correct.