258500+ entries in 0.041s
mircea_popescu: bitcoin didn't appreciably suffer because whatever scam, paycoin or w/e was created
mircea_popescu: the great gift of satoshi is exactly that : we finally have a tool whereby idiots can only hurt themselves.
mircea_popescu: liberia fucking changes its labor laws to accomodate bitcoin.
mircea_popescu: the sec changes its procedures to accomodate my dictates.
mircea_popescu: we don't change for the fucking world. the world changes. anything and everything.
mircea_popescu: how about the idea is that bitcoin adoption means OTHER PEOPLE AND THINGS CHANGE ?
mircea_popescu: and for that matter c) there's already precedent, the "poor users" who wanted to play but didn't want to pay tx fees were given free stuff before.
mircea_popescu: because a) poor workers, they need it and b) not agreeing would be being against expanded usage of bitcoin
mircea_popescu: so what's next, if this somehow succeeds ? two years from now, liberia uses bitcoin as nat'l currency, suddenly the workers go on strike, ask for double salaries. govt asks gavin to fork btc to give them an extra one-off five million btc to pay the workers.
mircea_popescu: - Support for the fork should be overwhelming. If 95% of the users agree with the fork, the 5% that don't are pretty much forced to participate. Sure, they can keep running the non-forked version, but coins on that chain will be unlikely to keep their value."
mircea_popescu: "I don't think a hard fork would be very difficult, but only if the following two points are taken into account:
mircea_popescu: what difference does identity make ?! ANONIMITY IS THE SOLUTION!
mircea_popescu: "If Popescu chooses to wage war in fragmented environment and can demonstrate some potential to come out victorious I'll likely put my resources behind his efforts. This exclusively because whatever his motivations might be, his basic end goal and my own seem to align."
mircea_popescu: this could be about silver, or about assignats, or about "the debt ceiling" or anything
mircea_popescu: it's so funny how the arguments in favour of inflation go with the "general public"
mircea_popescu: "If you are worrying about the time when 20MB per block is filled, you are worrying that bitcoin will have 20x more transactions, an increase from the currently throttle of approx 6 per second to around 120 per second. If you are worrying that bitcoin will have 20x more transactions, then you are worrying about it having many more users."
mircea_popescu: references to formal definitions as "by the very definition" are shaky.
mircea_popescu: the definition of savages, you will notice, is formal not substantial.
mircea_popescu: pgp seems to be living a nice 2nd youth these days tho
mircea_popescu: cazalla if it does translate into traffic you'll see it as a worsening of the demographic quality lol.
mircea_popescu: undata right. "men with guns ? wheee they came to play!"
mircea_popescu: apparently the libertards are actually retarded enough to have misapprehended bitcoin as some sort of ally for their stuff.
mircea_popescu: "Whoever stands between progress in Bitcoin should be ignored."
mircea_popescu: asciilifeform "I don't perceive a smartphone's worth having. Much like an AK-47, if not for the same reason." << i think it's clearly stated. like an assault rifle, a smartphone's not worth having. not for the same reason tho, but nevertheless, not worth having.
mircea_popescu: <ben_vulpes> but the dishwasher!? << it probably uses less water if you put less clothes in
mircea_popescu: you've never killed anyone ? what's a rifle to you ? get a dildo.
mircea_popescu: if you kill fifty people a day and it's giving you carpal, get an ak do it faster. that i see.
mircea_popescu: i don't go down the street carrying a horse. or a boat.
mircea_popescu: nothing! i have nothing against ice breakers and atomic shelters, either. but i don't own any!
mircea_popescu: i don't mean the article's a scandal, i just mean, it being so long is scandalous.
mircea_popescu: anyway, socal is where the really easy skanks / surfer dudes / rednecks live.
mircea_popescu: the author thought he "covered" the economics involved. then it turned out the author had no fucking idea.
mircea_popescu: i forget its name, but it doesn't matter, the principle is the same.
mircea_popescu: anyway, this is exactly like that alt coin that went nowhere which was going to give everyone with bitcoin as many of the altcoin as they had bitcoin
mircea_popescu: so the only way to have bitcoin is 1:1 identity in all respects.
mircea_popescu: 1 tx is say 400 bytes. if i split 1k btc into 1k 1 btc txn that's 400kb. if i dump 400kb on the network as it is now, about half would be put into a block immediately.
mircea_popescu: so they scam the userbase more than the userbase scams them
mircea_popescu: in practice i';d expect them to separate their funds immediately, and only pay out gavincoins.
mircea_popescu: working on the assumption of naive exchange, of course.
mircea_popescu: Apocalyptic hence "if it doesn't, it's out of bitcoins"
mircea_popescu: cold wallets may save them to some degree, but it's pretty random.
mircea_popescu: so yes, separate your gavincoins, send to exchange, withdraw. see if it replies with a bitcoin+gavincoin pair, if so separate it again.
mircea_popescu: danielpbarron no, it works just fine. gavincoin has to accept both bitcoin and gavincoin txn. this writes free options to everyone in bitcoin that gavincoin is held to honor regardless.