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mircea_popescu: otherwise, miner farms are actually pretty stretched as it is, financially.
mircea_popescu: nevertheless, this "they'll mine at -ev" is from the days of gpus.
mircea_popescu: not what i've been hearing from teh chinese folks on the topic, but w/e, gavin's more than welcome to persevere in his usg-is-the-world delusions.
mircea_popescu: show teh us how dumping's actually done. what, dja have any idea how long i pined for an opportuniy to play the easy side of this game ?
mircea_popescu: nobody's pouring out peta hashes for free for weeks on end.
mircea_popescu: at best gavin will manage to crush the gavin-bitcoin to whatever it was in 2012 and that's that.
mircea_popescu: jurov that 99% figure is mostly a joke. look at the exchanges as they are, think what even a 50k wall would do at say 30 usd per. how exactly are thjose 99% of miners going to finance operations for a week when their block reward is worth ~750 bux ?
mircea_popescu: you don't always get the maximal fun out of situations.
mircea_popescu: i kinda doubt they actually have the guts to go through with it,
mircea_popescu: and merchants accepting it will have to somehow finance the risk, too.
mircea_popescu: no, just, mircea's bitcoin in its gavin aspect is being sold. so miners of gavin chain will have to compete with that.
mircea_popescu: well... nothing ? once they turn them back on they can mine again.
mircea_popescu: from the perspective of the blockchain, the situation is identical to "what woud happen if 99% of miners turned their rigs off"
mircea_popescu: (i don't mean technically, i mean financially, nobody's accepting it for value)
mircea_popescu: but seriously, let's move all discussion on the article, otherwise it'll be hard to fish from logs later on
mircea_popescu: perhaps i don't actually see the whole ball there tho.
mircea_popescu: punkman forward secrecy is a one on one affair, mostly. the salt is supposed to implement as much as it's possible, and the lack of signatures.
mircea_popescu: if one doesn't buy into the entire "branding, even if or especially if before the fact" one's stuck with this. i don't mind it so much.
mircea_popescu: ftr, the car was called "a better horse buggy" originally.
mircea_popescu: <rithm> so it's a new rfc and interoperability means nothing << interoperability with what ?
mircea_popescu: but they'd still be running the client code, more or less.
mircea_popescu: much like in bitcoin, some will run larger clients which people can reliably connect to.
mircea_popescu: <rithm> port 1337 tho kinda elitist don't you think << yes, i do.
mircea_popescu: artifexd am i editing the thing to reflect you're doin' it.
mircea_popescu: nevertheless, if anyone wants to make a pool for the purpose that can't hurt anything.
mircea_popescu: well no, switching doesn't. but mining in the dead chain takes as many resources as you're willing to throw at it.
mircea_popescu: kakobrekla "upgrading" in the limited sense of building on a 1mb+ block.
mircea_popescu: if any of the asic farms is stupid enough to update (which is sort-of doubt, but hey, stupidity is bottomless) then they get their wish.
mircea_popescu: hey, this is what people with gpus wanted all along, right ? a chance to mine again.
mircea_popescu: the fake coins they mine won't actually be worth anything once the fake chain dies. sort-of longest orphan block in history.
mircea_popescu: heck, if 99% of miners move to the fake chain all the better - lower real diff for a while.
mircea_popescu: kakobrekla all i need really is a tiny miner. even gpus will do.
mircea_popescu: for as long as there's one miner that doesn't, however...
mircea_popescu: if a majority of miners accepts the fork they still have to relay and mine all my txn.
mircea_popescu: anyway, includes a pastebin of the #freenode discussion etc.
mircea_popescu: asciilifeform from the fertile union of a very strong "must succeed" ideology and a very narrow "math is hard" cluelessness.
mircea_popescu: i mean if you must, in a very 3rd hand way, "through ruining public schools" or w/e.
mircea_popescu: and, of course, much like in the case of the "ethereum short" nobody actually bought, here is me looking for counterparties willing to buy gavin-bitcoins on the understanding that the transaction will only be valid on the gavin fork, but not in actual bitcoin.
mircea_popescu: i dun imagine they'll pretend like they "tested" it in less than a few months, so there's still a season i'd guess.
mircea_popescu: now if mod6 an' ben_vulpes + whoever else can contribute get snappy with the actual foudnation work, the beheading of gavin's pretense will come exactly in time for a smooth transition to a muchly superior alternative.
mircea_popescu: <kakobrekla> as far as i understand sibert now runs paper fund << kinda my understanding as well. but hey, if his customers are happy with it...
mircea_popescu: this was a coincidence, right ? and gallup actually conducts its polls, like irl, right ?
mircea_popescu: except they shoved a 46 in there at the end for the first week of 2015. which, of course, includes three days of 2014.
mircea_popescu: but anyway, gavin hasn't been making any sense for a long time now.