259400+ entries in 2.257s
ThickAsThieves: it took
a long time to sort them, but it turns out there are some pretty good vegan cheeses being made
mircea_popescu: this has little to do with failure or success, you know, even
a blind dog gets
a duck once.
mircea_popescu: it has
a lot of economic goodwill, of the actual varietyt
ThickAsThieves: “I hope bitcoin becomes
a better way of doing it,” he said, but “the idea that it has intrinsic value is
a joke.”
ThickAsThieves: “Stay away from it,” he said, according to
a transcript. “It’s
a mirage basically.”
ozbot: “You cannot fix
a machine by just power-cycling it with no understanding of what is going wrong.â€
blackwhite: it doesn't really matter cause even if it has
a point it's not really the point.
TomServo: Shareholder David Witt, who has
a stake valued at about $8,650 based on yesterday’s closing price, proposed the measure, stating that Berkshire has “more money than it needs” and that the board should consider the investors who aren’t billionaires.
nubbins`: i would like to sit back and have
a lel as you folks define feminism
nubbins`: and reminds me of
a website i came across years ago
mircea_popescu: asciilifeform beheaded may be going
a little far, but la petite mort however...
mircea_popescu: not any more than google or facebook are incorporated in
a proper sense, such as mpex is.
mircea_popescu: it does not live in any country. it. is.
a. bitcoin. business.
VanCleef: question is mpex
a registered business?
mircea_popescu: somewhere in the middle. it's not what they make it out to be, but it is
a blip
ozbot: Foreigners Sell
A Record Amount, Over $100 Billion, Of Treasurys Held By The Fed In Past Week | Zero
Neil: And if he's run over by
a bus tomorrow, what are you left holding?
Neil: blackwhite: The world is your oyster. Whether your customer is an Iranian or
a Korean. Who gives
a fuck apart from those who benefit by dividing us.
Neil: Of course, as
a speculator I believe you'd benefit by holding, but I don't begrudge you deciding what to do with your own money. Hopefully vice versa.
blackwhite: well to be honest I am not so much interested in bitcoin as
a currency but more as
a technology. I don't mine but purely trade my services for bitcoin. So its all good
blackwhite: Reputable exchanges with large institutional holdings could help stem such panics by advertising
a willingness to sell their Bitcoins to meet liquidity demand. Yet because Bitcoin reserves are finite, users may not find the promise credible. By contrast, central banks with the inexhaustible resources of the printing press face no such inconvenient constraints."
blackwhite: hoarding could threaten Bitcoin’s status as
a medium of exchange, leading to its complete demise as
a currency.
blackwhite: yeah but consider this argument for instance: "If Bitcoin matured into
a complete currency, with large numbers of workers using it as their medium of account, then its inflexibility could bring economic havoc. Money-supply “shocks”, like the disappearance of Mt Gox, could set off
a systemic collapse. Given
a loss of faith in exchanges, users might withdraw their coins in
a panic, leading to
a dangerous decline in transaction volume. Such
Neil: blackwhite: First thing to understand is most the shit you read in the media isn't
a "problem", it's just the guy writing the article's "problem"
Neil: It *would* mean everyone else's suddenly got worth
a lot more, but the end? You don't understand.
Neil: Which probably to Mr Satoshi 5 years ago seemed like
a pipe-dream, but now is starting to feel like
a low-ball
Neil: blackwhite: One bitcoin is one bitcoin. To what extent one agrees to subdivide it is but
a mere footnote. The default assumption amongst market participants, owing to history, is 100m "satoshis" are
a bitcoin.
Neil: "Singing psychedelic praises to the depths of
a China bowl"
Neil: Derek William Dick. What
a guy.
Neil: Mr Derek Dick was one heck of
a lyricist.
Neil: Nov 12 led to
a 100x price in 1yr
Neil: It's like
a mini-inflation shock. History shows they take about 2 months to feed into the price. June 2016 with the halving is gonna be epic.
Neil: The last 2 weeks are the first time in
a long time at least 50% of the time I open blockchain.info it shows
a block over 1hr old.
gribble: Error: "tslc" is not
a valid command.
BingoBoingo: So... Mark Shuttleworth just can't demand
a display server work
cads: VanCleef:
a test network holds no market value so it'll confirm quick but mean zip
VanCleef: i sat with
a guy for 8 hours at starbucks once and i ran out of things to talk about about an hour
VanCleef: its just awkward when doing
a face trade with someone and they ask if they can sleep over while waiting for it to confirm
cads: VanCleef: sounds like you want to set up
a kind of test network?
cads: I want to see
a cryptocurrency backed in automated service provider contracts
VanCleef: is it possible to have
a alt coin that doesn't require any miners to verify it? once its sent its instantly confirmed?
Duffer1: mistere it does, but it's still
a hashcash based PoW
cads: for
a really weaksauce example, say I take the square of
a number x. In the result I've also computed the square of the number -x, and this for 'free'.
cads: mircea_popescu: we'll have an epsilon for each target problem, and maybe the cost of solving al the target problems starting from
A must be greater than or equal to solving B, C, D... seperately.
MisterE: not that I have ever done that to
a cat
MisterE: Whale is swinging it around like
a cat by its tail
cads: suppose we have algorithm
A, and we have that
a solution of
A reduces polynomially solutions B, C, D, E, F, G...
mircea_popescu: "turn this wheel and an egg will fall out every revolution and also
a feather every ten revolutions" is okay, whereas
cads: mircea_popescu: to formalize this completely we'll have to assume something like
a polynomial time algorithm that converts the output of algorithm
A into
a solution for problem B.
Duffer1: not necessarily
a scam, but certainly not reliable. Prime coin has produced measurable results beyond PoW utility
Duffer1: afaik the outcome of either cannot be guaranteed to yield
a useful result beyond PoW
mircea_popescu: this is not unlike proving
a given set of numbers is "random"
BingoBoingo: In
a world with Auroa coin and Mazacoin... THere is
a good chance random graphs might mine better in tard efforts at implementation
BingoBoingo: I mean for the first set you could probably encode information much as RSA does. I don't have enough vodka on hand to speculate if that would be
a good idea. Most of Elliptic curve cryptography works on spaces that can be played with in graph theory world though.
mircea_popescu: should an algorithm exist to resolve the problem of ts on randomly distributed graphs, an application of that algorithm on
a selected set of graphs with
a useful application will cost more than the normal by an ammount at least equal to the cost of computing the useful application.
cads: well lets see
a better example. Problem 1 makes us solve the travelling salesman problem on random graphs. Problem 2 makes us solve travelling salesman on maps that appear indistinguishable from the first ones, but in fact encode valuable information in their solutions. For your hypothesis to be true, it should be impossible for the second problem to cost less energy than the first?
mircea_popescu:
a bit ironic because the poor woman suffered plenty through being
a woman. ended up teaching under hilbert's name because the sort of boneheads roaming about end of 19th century couldn't have
a woman colleague
cads: mircea_popescu: it's without question that anyone can look at the outputs of the two algorithms and verify that ~2^k energy was expended. Perhaps the problem happens when we require the second algorithm to also guarantee
a useful output relative to the third party.
mircea_popescu: cads but if it's purely coincidental then you don't have
a pow that does protein folding, you just have
a pow that occasionally folds
a protein
BingoBoingo: Like he didn't have
a big bag of meth either
cads: Now suppose both solutions are verifiably by
a third party in polynomial time. But suppose additionally that the answer for the second problem also has
a value of $100 to the third party. The question is should the second process take more energy to compute?
cads: let me offer
a counter "you can solve
a partial hash collision problem (something like an O(2^k) expected running time), or you can solve
a np-complete problem requiring brute searching
a binary tree of height k (assume similar expected chance of success)."
mircea_popescu: and actually this could probably be expanded into interesting results for ppl trying to understand various higher level maths. "define
a comutative algebra in which
a ring can exist for which any addition also calculates
a multiplication and vice-versa"
cads: this would be neat to model, and may well be true in
a very theormodynamic sense
cads: mircea_popescu> this could be understood on
a macro level as "if there are outside constraints on your pow process, you'll need that many more iterations"
Duffer1: scientific utility of
a cunningham chain discovery mechanism is debatable
cads: first example of
a scientific computing cryptocurrency (and I certainly hope we'll see more useful ones as well)
mircea_popescu: this could be understood on
a macro level as "if there are outside constraints on your pow process, you'll need that many more iterations"
cads: mircea_popescu: lets leave aside the author's obvious retardation and focus on prime coin and the idea of doing externally useful work as
a side effect of the cryptocurrency.
chetty: I want
a time machine, send those folks back to walk streets
a foot deep in horse shit
mircea_popescu: the gargle holds no futher merit past its function as
a retard magnet.
mircea_popescu: that's besides the point. there's
a certain troop of losers that have had
a purely ideological problem with bitcoin mining since 2009
cads: can we make
a computing system that grows such that it harms the market? sure, high speed trading has caused serious disasters - but we can also argue those are just growing pains and we're better off for the high speed bots.
MisterE: everyone can have
a crypto coin
mircea_popescu: cads you realise that's
a whole lot of ignorant nonsense do you ?