log☇︎
276100+ entries in 1.899s
asciilifeform: tape holds until it doesn't (yes, actual duct tape is a material that can be dealt with scientifically; we're thinking of the traditional 'philosophical' duct tape that just fscking snaps on you)
asciilifeform: you can cut any 'weirdo' alt into two kinds of parts: actual mechanical parts - what will continue to work in just the algorithmic way specified, by 'byzantine' consensus of the participant nodes; and 'promises' - parts that depend on a handful of human doing as they promised
asciilifeform: which 'winners' are optimized for, determines whether you get a turd (known alts) or something interesting ('classic' btc)
KRS1: reading this conversation vs gmaxwell's conversation in -pricetalk is hurting my brain a little.
asciilifeform: alts as the presently exist seem like a modernized version of 'penny stocks'
asciilifeform: from the 'store of value' point of view, they expect that they can get a similar quantity of g or c or whatnot for the coin later.
asciilifeform: but even with a coin that provably represents useful work: why should someone give you gold or cocaine because you helped fold a protein?
asciilifeform: the person who carries it out will expect to be paid in something that is actually a stable store of value
asciilifeform: Duffer1: in case this wasn't obvious, this is not a product that threatens to actually exist.
asciilifeform: result at the end of the day should be to make it a hard fact that anyone who carries out the kind of calculation you want done, ends up with X btc for his trouble
asciilifeform: (one is to promote a certain calculation; the other - store of value.)
BingoBoingo: Well X-Ray crystallography is indeed a hard physical problem with varying and more expensive levels of difficulty. X-raying a mineral crystal isn't so bad. A given protein in fluid is a bit harder. Getting a good picture of a receptor protein as it sits in the cell membrane is an incredibly hard problem.
BingoBoingo: X-Ray crystalography as a useful work function?
asciilifeform: (actually coughing up a workfunction that does useful work is left as an exercise for the alert reader.)
asciilifeform: prog. workfunctions would give you a single coin with multiple workfunctions ('coloured' by origin, if you like), and so the actual market value of a particular 'work' could be determined.
asciilifeform: that is, if you are a large miner, it is increasingly a bad idea to look like what you are
Duffer1: it's a fascinating ecosystem
asciilifeform: and drives a wedge between user groups with conflicting interests (existing stakeholders want a difficult-to-mine coin, those who invested in miners want the miners to keep working)
asciilifeform: every forced move of this kind is a 'schism event'
asciilifeform: but this is a mistaken idea
asciilifeform: given that it costs nothing to spawn a new alt, with a new workfunction, while asics are costly
asciilifeform: anything short of programmable workfunction will lead to a cat'n'mouse game rather expensive and unproductively unpleasant for all involved.
asciilifeform: the 'memory hard' people are what is known in the armchair general community as a 'target-rich environment.'
kakobrekla: i think it could prove hard to lauch a sha coin nowdays, since a lot of people can fuck with the blockchain
fract4l: As a result, we have a protocol with unique potential; rather than being a closed-ended, single-purpose protocol intended for a specific array of applications in data storage, gambling or finance, Ethereum is open-ended by design, and we believe that it is extremely well-suited to serving as a foundational layer for a very large number of both financial and non-financial protocols in the years to come.
Duffer1: just a tactic to attract miners left out of the sha race
asciilifeform: did i miss something? where does it live? on a particular machine? or on every node running the block chain?
asciilifeform: 'A contract is essentially an automated agent that lives on the Ethereum network, has an Ethereum address and balance, and can send and receive transactions.'
asciilifeform: leaving aside the question whether this was a smart thing to do, that's what it looks like at first glance.
Duffer1: looks like a dud to me
nubbins`: that used to be a bannable offence in many efnet chans
nubbins`: ah, been a while since that's happened
pankkake: oh at least it's a silver coin
pankkake: basically you're sending a paper wallet
Duffer1: a rare thing for that forum
Duffer1: a thread that delivers
pLambert: is there a way to see something like monthly volume traded for things on Havelock?
pankkake: sounds like a job for jackie chiles
mircea_popescu: An Oregon pimp that employed a pair of Nike shoes to brutally beat a man has filed a $100 million lawsuit against the athletic company for not labeling their product as “dangerous.”
Diablo-D3: so much easier to run a company when your shareholders arent undermining you and wasting your time
pankkake: PSA: I am a lazy fuck, so don't buy any IPO from me. unless there's already some work done or something :p
Duffer1: made me sad to read the latest announcement from them, a lot more people losing a lot more money :(
pankkake: "Ken has admitted a failing due to inexperience which is to be applauded in my book. That failing being his assumption that a third party subcontractor wouldn't let him down."
jurov: mybe so that's why there was a surge of new coinbr accounts
Duffer1: i chuckled a bit at that guys post
jurov: these havelock interns are a disaster, but i know you have nothing with it
Diablo-D3: and if you get a natural 20, the housing bubble collapses
Diablo-D3: but you roll a d20 every turn
pankkake: I don't think that's a real job
pankkake: I want to write a "when not to invest" thing (It's pretty much the only thing I know; I don't really know when to invest :p)
KRS1: somone made a comment in this chan once..if you looked into it and still have to ask if somethig is a scam, isn't it obvious? I took those words to heart.
VanCleef: hmmmm so its a scam?
Neil: rpietila dude is a bit of a nutjob
benkay: simply accept that they have a bigger stick than you and so can
benkay: stop wondering with what justification the us does a thing
nubbins`: selling user-funded coins is a neat idea tho
BingoBoingo: Here's a dpaste of the pgn from the Truffles v Bingo rematch http://dpaste.com/hold/1548491/
KRS1: imo its a bunch of horse shit..thats a bullshit waste of the court's time
KRS1: police in a city not far from me arrested my friend because he ordered a police officer to pick up a broken bottle, as it was a public danger. he won like $50K in a lawsuit over that.
BingoBoingo: KRS1: Disordely conduct. Just a misdemeanor. Allegedly
mircea_popescu: that's a point
Duffer1: not a bad reason to start a blog
benkay: "starts out obviously off base, winds up a nail-biter"
mircea_popescu: then you can guyess how many wafers in a run
b0n1: of a device?
b0n1: how much about can i expect is one shipment of a company like kncminer? About 800-1000 ?
Duffer1: = you'll never see a profit in mining
b0n1: i would like to have a rough estimation of the difficulty increase in the next weeks since there are several bigger batches of knc and cointerra coming up
twizt: seems like just abt every bitcoin related app is a rest service -_-
twizt: is the API a rest service?
Duffer1: kenilworth to be listed on havelock, but pendergasts mia for a month now
VanCleef: i think labcoin gave it self a 200million dollar valuation by todays price
mircea_popescu: its really not my fault that people with a clue are few and far between whereas "enthusiastic" muppets make up the mass of btc followers.
VanCleef: so if he gets hit by a bus or something we would all benefit
VanCleef: what mp should do is sell shares into a life insurance policy for him
VanCleef: i am not one of them yet but when my online wallet service suffers a inside hackers job i will be
VanCleef: so i spend 30btc on a membership
VanCleef: 25k on a membership to an exchange that has hardly any users and companies listed
Duffer1: 300k if we go to 10k a coin :P
VanCleef: well at least mpex didn't pull off a scam like bitfunder did
mircea_popescu: ttps://bitcointalk.org/index.php?topic=409187.msg4466427#msg4466427 << i bet y'all wished you had a hawt chick singing your philippics that way. neener.
Vexual: didn't he try and get a lift to the airport with kramer?
Vexual: like it was a fucking inconvinience for the appointed judicator to judge weh it wast up to two insurance companies
Vexual: mircea_popescue: is insurance a preadmission of failure?
Vexual: i guess its easier to grow a half arsed cucumber than a fully grown sqash
KRS1: idk dude..the polsky pickle i was dating a while back tasted great =D
Vexual: reasons a cannery doesnt need insurance
Duffer1: kate from ciphermine has been mia for nearly a month
KRS1: this is a better copy
KRS1: naw i havent worked in a while =D
Vexual: why do you even have a job ?
Vexual: is she a dancer?
Diablo-D3: because if I fucked a chick like that, Im pretty sure I'd break her in two
Vexual: you put a tat on her?
KRS1: and heres a pic of her at this tatoo parlor we went to
Vexual: i paid univerity for a special croatian speciman
KRS1: ill send a pic
Vexual: buy a suit
Vexual: and efficiency doent really play a part
Vexual: but then everything goes a bit humbolt county