278400+ entries in 2.107s
mircea_popescu: besides, when the us says "you're taking
a step back" you know you must be doing something right.
markedathome: I don't suppose anyone knows of how to extract private keys from the satoshidice desktop app that was around
a year or so ago?
davout: how about the case where an order makes it to the book but gets eaten before i get
a chance to issue
a stat?
davout: i see
a 'Track' field in the statjson that i don't have in the regular stat but it doesn't look like an order id
davout: mircea_popescu: so i did
a quick test but i couldn't find an order id in the stat or statjson for me to know which order the reported execution is related to
benkay: at 1m/coin, he will bathe in virgins lactation while taking their virginity six in
a session
benkay: actually that does bring up
a good point: the difference between psychotic and psychopathic
BingoBoingo: There are exactly 3 rules for being minimally hassled upon arrest in the United States: 1. Be white and hava
a shitty American Accent 2. Wear
a suit 3. Don't smell like
a hobo
xoinfinityox: used to be you sent
a fleet of ships out and blockaded
a small island nation
xoinfinityox: thats how we send
a message in modern politics
benkay: state department ordered just means that someone in the state department decided she needed
a fist up the pooper.
BingoBoingo: Never know when you might find
a Kardashian as opposed to an actual foreigner
BingoBoingo: truff1es: Brown skin not created by
a spray tan
truff1es: what evidence did they expect to find with
a strip search i dunno what that was about
mircea_popescu: there's just no room in the world for such nonsense. you can arrest
a bum because some other bum said so.
mircea_popescu: or, for the earlier example, anyone who imagines
a lower court us judge has the authority to detain strauss, and the testimony of
a hotel maid can serve as basis for such
mircea_popescu: benkay anyone who believes that, to quote asciilifeform's earlier quoted article, "the U.S. government expects laws to be followed by everyone in the USA" may translate as hassling
a foreign high class person
truff1es: is sticking things in the peen
a thing?
mircea_popescu: muricans gotta get it in their square jawed skulls that there's
a difference between the rich and the poor, and confusing this difference will get you exterminated.
nubbins`: spent several months wondering where the fuck these people on the forums were getting $2 blanks until i realized that was
a thing of the past
nubbins`: the 2008 meltdown caused cotton prices to skyrocket for
a few months in late 2010
mircea_popescu: anyway, that;'s
a particularly well fit quote. if only the various twentysomething ex-geek now bitcoin financiers & investors had
a financial culture.
mircea_popescu: "Viewed individually, each company's capital investment decision appeared cost-effective and rational; viewed collectively, the decisions neutralized each other and were irrational, just as happens when each person watching
a parade decides he can see
a little better if he stands on tiptoes."
xoinfinityox: i know, im at
a really topical level right now
mircea_popescu: benkay well, the hash power is designed to be commodified. this means it'll always sell just
a shade under average cost.
benkay: or even ever, as
a part of the thing?
xoinfinityox: like i said, i'm
a total noob at btc but prooof that gov'ts are mining would be
a huge headline
mircea_popescu: "hey guise, here's
a cool idea, make us president coins narf" ?
nubbins`: halfway through
a 4-color print run
benkay: well by the time one waits for confirmation of
a fact the market has long since priced it in typically
xoinfinityox: i don't doubt mircea's veracity, but one source does not
a fact makee
benkay: no, they are playing the game. you were making some sort of claim about their goals vis-
a-vis sketchiness.
xoinfinityox:
a better analogy might be, you sit down and the guy across from you is phil helmuth, or its some random guy
benkay: we sit down to
a poker game
benkay: let's play
a thought game
mircea_popescu: it became
a definite
a coupla months back, but they had been doing it for
a while.
xoinfinityox: if they're gonna seize
a couple $MM in bitcoins
monolithik: i think that the idea of using
a memory-hard hash function (e.g. scrypt
a la litecoin) is good, but not enough of
a gain to offset the network effects of all the infrastructure built up around btc
mircea_popescu: but yeah, Duffer1 has
a point, trilema isn't exactly
a manual, more like that one asshole instructor in karate that just beats the shit out of you and then laughs.
monolithik: mircea: I think that bitcoin or
a direct descendant (i.e. forked from the current chain, not some premined crap) will win. It's classic "worse is better".
mircea_popescu: sort-of like nobody figured out why ruby on rails utterly sucks until they had tried to make websites in it for
a few years and they could never get one secure. then it was pretty clear.
☟︎ mircea_popescu: that's kinda dying, really. anyway, yes, it's
a good use of resources and has been for
a while to try and specify the code. bar that, alternate implementations may work.
monolithik: yeah he is pretty terrible as
a spokesperson. But his code is good
monolithik: I don't know about most of the other people involved, but Amir Taaki is
a talented engineer.
mircea_popescu: implementing any sort of legal controls is more of such
a fuckup.
monolithik: will people abandon bitcoin if some kind of nefarious mining cartel forms? Is that enough of
a disencentive for the miners to do so?
mircea_popescu: monolithik mining is roughly slightly unprofitable on the spot today, and has been for
a while. on the long term it will remain so.
xoinfinityox: mono: i think once you get the market consolidated to
a few big players, they will compete pretty fiercely
monolithik: question: will people run miners unprofitably to ensure that nobody has
a majority share?
xoinfinityox: i would prefer to be
a slumlord with the same tiles
monolithik: network consolidation is definitely
a problem. Best case scenario IMO: ASIC development hits the point where an increase in ghash/watt would be reducible to
a general improvement in human knowledge of semiconductors. At that point bitcoin ASICs will become commoditized like Intel CPUs, and the distribution of hashpower would settle to some equilibrium where power was not too widely concentrated
mircea_popescu:
a 51% attack is the situation where one party controls
a majority of mining.
xoinfinityox: @mircea - good article. this might be
a dumb Q but whats the danger of controlling interest in BTC?
mircea_popescu: which by now of course does more in
a day than the fiat stock exchanges combined in
a week
mircea_popescu: moving on, did i mention body stockings are kinda cool ? they should put this in seventeen or w/e kids read, "if you don't own
a coupla good ones you're no woman"
KRS|Gotyawallet: mircea_popescu: I was wondering about
a follow-up on that one, much time has passed in btc time.
mircea_popescu: not that, really, but anyway. seriously pizzaman1337, it's impossible to make
a definitive call like that in the current circumstance.
Bugpowder: coinbase became like
a real company and shit
Bugpowder: Its going to take
a while to get to $4,000 / btc I think. Doubt they will be able to hold on
mircea_popescu: sorta like
a badly managed pmb, i guess some people show green playing with fire, but overall...
nubbins`: we got
a rush job earlier today, due tomorrow ;(
mircea_popescu: nubbins` when i was
a mobster i didn't wanna go live with all the other mobsters. generally this seems to be
a common trend, too, people don't seem to go "
a shit, you know what'd be cool ? let's move upstate. the city's
a toilet!"
nubbins`: mircea_popescu: you gotta do something like that in
a city, not out in the woods. e.g. freetown christiania
mircea_popescu: nubbins` gotta give junkies credit when they manage to hold off for
a thousand words before bringin; it.
nubbins`: mircea_popescu: i remember
a while back this guy on the forums had
a huge thesis-length post about "bitcoin land",
a place where bitcoin would be used everywhere
mircea_popescu: Bugpowder is
a family of four mean
a guy and three women ?
Bugpowder: I sold $20k to
a nice family of four in Santa Monica
mircea_popescu: ;;later tell dexx7 guy was actually emailing me about the thing. i sent him
a list of no's and the way we left it was he's gonna lurk here for
a while figure shit out.
bloctoc: …if the power goes out, we go back to cave - yes crypto or no crypto that's true. Same argument for breaking SHA256. As far as crowdsource law it will be nice to see some template corporations that get set up by copy/paste instead of paying
a lawyer $10K to copy/paste. For what it's worth, I do think the smart contracts will do that for us.
monolithik: mastercoin is
a joke. ripple is technologically interesting but will probably be
a failure due to high complexity and relative need for centralized trusted parties
KRS|Gotyawallet: bloctoc
a lot of bitcoiners are not happy with mastercoin for instance because they're saying its centralized and
a large portion of the wealth is privately owned
bloctoc: skylax -
A bunch of regulatory functions will be better served by crypto. Monetary policy is the most obvious, but there will be other "industries" that will be made redundant. There will be no more credit checks unless you actually want
a loan. SEC no longer needed except for enforcement. Title insurance gone. Toothpaste still around.
skylax: @bloctoc the beaucrats will eventually give
a shit if bitcoin becomes too mainstream and manages to manipulate other currencies
skylax_: @bloctoc the beaucrats will eventually give
a shit if bitcoin becomes too mainstream and manages to manipulate other currencies
benkay: that has to have been
a painful exercise.
BingoBoingo: benkay: Sycophants aren't
a bad thing, either to have or to be. I will admit though that mircea_popescu has made some poor decisions like Market Making X.idiff.
bloctoc: skylax you mean like China blocks CNN? There's no battle right now, at most there's fincen bragging that they found
a way to fit bitcoin into their own status quo. I really suspect bureaucrats everywhere don't give
a shit except that reporters only want to talk about bitcoin.
skylax: @bloctoc they could easily block the protocol channels of any bitcoin related subjects. RIght now there is
a bit of battle going on between bitcoin and legal institutions, if bitcoin wins, meaning it can bypass the law, then I'm pretty sure
a lot of other things in society will probably be used to bypass the law in the same manner.
BingoBoingo: bloctoc: Why would I want to consider parting with something valuable like BTC for
a consumable like toothpast though.