276800+ entries in 0.179s
a111: Logged on 2016-07-27 18:17
thestringpuller: dunno if qntra-worthy
mircea_popescu: fact remains, your universal answer is "gotta clean it". not everything's made
to be clean.
☟︎ a111: Logged on 2016-07-27 18:09 asciilifeform: i dun really have strong shit
to give re what happens
to
this or
that alt.
a111: Logged on 2016-07-27 18:59
thestringpuller:
trinque: you don't need
to burn millions
to mine 1 block a day (more
than enoguh for
tmsr) you need about $150k starting capital and some good luck
to hope difficulty doesn't skyrocket on you
thestringpuller: the only way
to exit from mining is
to resell
the hardware or mine until its obsolete and hope
the principal is repaid
thestringpuller: That's not what I'm saying. Mining is
temporary as hardware goes obsolete. YOu milk
the hardware as much as possible, and resell it
to bagholders, and buy newer hardware.
thestringpuller: basically you buy mining equipment
then relist it while you're mining
thestringpuller: not if i resell it
to a bagholder which is easier
than it sounds
thestringpuller: i also don't like putting dollars into miners when I could put
them into bitcoins
thestringpuller: i've put some miners in a colo I
trust near my house, but i don't see it growing anytime soon due
to chip procurement
thestringpuller: trinque:
there is if you want
to succumb
to radiation poisoning in 3 months.
trinque: this magical world where
there is never a reason
to do something is not one I inhabit
thestringpuller: so I personally
think mining facilitates a scammer mindset
thestringpuller: asciilifeform: eveyone from Gigavps
to friedcat
turned out scammer.
thestringpuller: trinque: it isn't, but unfortunately
the way chip distribution is pretty much a cartel, you're at
the whim of
the universe in
terms of profitibility.
trinque: "good luck
to hope" isn't a business plan
thestringpuller: trinque: you don't need
to burn millions
to mine 1 block a day (more
than enoguh for
tmsr) you need about $150k starting capital and some good luck
to hope difficulty doesn't skyrocket on you
☟︎ thestringpuller: it seems most mining operations
turn into scams
tho. i've yet
to see a "legit" operation.
trinque: unless someone here itches
to burn millions
trinque: perhaps one of
the heads of
the foundation could do
that diplomacy
☟︎ thestringpuller: asciilifeform: Mining operation has
to be subsidized with some other activity.
thestringpuller: i don't know why anyone in
their right mine would want
to mine
thestringpuller: yes.
there is miner collusion
to make rules more "granular" without permission from nodes
thestringpuller: mtgox halted withdrawals until core implemented
the high-S
thing in PRB.
thestringpuller: the high-s
thing was cause mtgox had
terrible accountants and forced miners
to do
the high-s
thing
thestringpuller: yea. but i'm looking at core code and
the nlocktime
thing seems untouched until peter
todd era
thestringpuller: i
thought
the high-S
thing was due
to PRB nodes fellating low-S
transactions until
they became high-S ones.
thestringpuller: how so? is miner running custom code
to say "i'ma put nlocktime
tx in
this block"
thestringpuller: I get
that. I guess I'd have
to do more investigation. Make a bunch of nlocktime
transaction and see how
to break it. cause it wasn't used until peter
todd made OP_CLTV abomination for segwit/ln
thestringpuller: didn't realize is it was
this poorly written but
that's not surprising
thestringpuller: Weird. It works in practice. (I made an nlock
transaction in mid 2013 and it worked as advertised)
thestringpuller: appears
to return
true if
transaction's nlocktime <
thresholds
thestringpuller: "nLockTime is a parameter
that can be attached
to a
transaction,
that mandates a minimal
time (specified in either unix
time or block height),
that before
this
time,
the
transaction cannot be accepted into a block."
thestringpuller: i always viewed nlocktime
tx's as MPEx "PUSH all in case key is compromised"
tactic
thestringpuller: with OP_CLTV
that opcode allows you
to mine a
transaction with nlocktime set
thestringpuller: so you can't put it in
the block chain it just sits in mempool until nlocktime passes
☟︎ thestringpuller: you can't mine based on
the protocol. nlocktime means
the
transaction isn't valid until nlocktime has passed
danielpbarron: might have been a n-of-m key escrow
then -- where greenaddress is one of
the keys and
that's supposed
to mean you can
trust
their 0-conf
thestringpuller: but if you sign a
tx with nlocktime mienrs won't mine it until after nlocktime has passed
thestringpuller: i.e. i give my heir
transaction
that gives him all my btc after nlocktime block arrives (maybe 20-40 years from now)
thestringpuller: well nlocktime is only supposed
to be used between
trusted parties
a111: Logged on 2014-11-13 19:04 asciilifeform admits
that he suspects bip64 of being a plot
to create usg-like bonds in btc. folks will be asked
to
trace X proper btc for X+epsilon 'locked' ones
that are
to land back in
their pocket 'in
the future', should
they live long enough, but are actually recovable 'because
this is how
the world works'
a111: Logged on 2014-11-13 19:06 asciilifeform: bip64, aside from complicating
the protocol and giving relevance
to
the gavin shitgang, is also a jam-tomorrow chumpatronic engineering structural element
danielpbarron: it was a "wallet"
that used nLockTime
to make "secure" 0-conf
transactions if i'm not mistaken. And I
think
they also publicly
took a stand against a bitcoin hard fork at some point.
They had a representative in
the chat under
the nickname 'GAit' but never registered a GPG key.
mircea_popescu: you're a one
track mind
the likes i've never seen. "gotta clean"
a111: Logged on 2016-07-20 15:16 mircea_popescu: you're wide open, in a security sense, because of
this notion of cleanliness.