asciilifeform: well, 'pet' slaves (vs. the feral kind)
asciilifeform: mircea_popescu: we've just mathematically proven they're cattle << insult to cattle. who are delicious, well-manageable, and otherwise an asset.
asciilifeform: wonder if anybody's built one of those foolish 100%-premined alts, and passed out the coin via 'captcha' or somesuch.
asciilifeform: so there could be a hope for slavecoin after all.
asciilifeform: as for it being more lucrative to keep and milk cows, this is so - and yet the world's largest distributed machine is hashing sha, not folding protein
asciilifeform: not that this is a scenario that would actually play out. just pointing out what would happen if one were to actually devise a 'one man one hash' scheme
asciilifeform: (hanging upside-down with arse tubes in a camp)
asciilifeform: oh, they'll hash. just not the way they imagined
asciilifeform: i can already see the chinese world of warcraft labour camps switching.
asciilifeform: one meatbag, one hash per however-many seconds
asciilifeform: i'm still waiting for 'slavecoin.' it would be the perfect 'gift from the gods' to the 'anyone with a computer Ought to Matter!' crowd.
asciilifeform: Mats_cd03: surprised? 'minuteman' runs on VAX.
asciilifeform: can't recommend it. but your mileage may vary.
asciilifeform: and yes, it's 'fashionable' now, silicon valley wankers sell various gadgets
asciilifeform: electronic inducement of stage 4 sleep
asciilifeform: confession: at one point when i was younger, i did succumb to the temptation to replicate various soviet experiments and put current through my brain.☟︎
asciilifeform: seigniorage is an actual problem. i personally know perfectly reasonable, intelligent people who won't go near btc because of Satoshi's coins.
asciilifeform: there's a difference between 'use my thing. because it's better' and 'use my thing. it's better, really. and oh btw, if you buy in it will pay for my 1kg/day coke habit.'
asciilifeform: TomServo: hash rate isn't all of it. lack of seigniorage is another.
asciilifeform: ThickAsThieves: i hope you stuffed some serious 0day strange in there.
asciilifeform: i changed my mind. we should all love Altcoin. anyone who runs a 7MB turd of unknown provenance deserves the lessons contained therein.
asciilifeform: as if it took more than ten minutes to grab a copy of bitcoind src and change the constants
asciilifeform: they happily take their btc earnings from selling the alts and enjoy the valuable, relatively-stable coin.
asciilifeform: right now, alt enthusiasts are shitting on a relatively clean beach.
asciilifeform: ThickAsThieves: i, for one, had no notion of convincing you that bamboozling people is wrong. only that you are ultimately burning your own furniture for heat.
asciilifeform: the question we're about to learn the answer to is close to: 'does the average person actually appreciate toilets and garbage trucks? or would be be just as happy using his local beach?'
asciilifeform: life in garbage world, sans cleanup crews.
asciilifeform: every cig thrower is king of his own universe for a few seconds
asciilifeform: naturally, people will shit out alts. nothing i can say here would put the slightest dent in it. just as they will continue to throw cigarette butts from cars.
asciilifeform: in the latter, fiat infusions will make these boobycoins appear to be (temporarily) valuable
asciilifeform: now every idiot wants 'his own' blockchain. and soon, every government, with master keys baked in, naturally
asciilifeform: benkay: one of the big strengths of classic btc is that it is a schelling point.
asciilifeform: ignoring morality entirely. if you'd like to live in a future where crypto-coins are a useful thing, vs. a fogotten fad, think twice about cranking out spamcoins.
asciilifeform: somewhere in russia, a drunk is unzipping, preparing to piss in an apartment lobby. you prod him, he answers 'drunks will always piss in lobbies. you can't just will it away.'
asciilifeform: Duffer1: we already know the outcome. that's what makes it a distinctly disappointing experiment.
asciilifeform: 'no drop of water believes that it is to blame for the flood' etc.
