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mircea_popescu: jurov mebbe you read an inclusive statement backwards ?
mircea_popescu: fluffypony: such burden << if not paid for, even a cent's worth can kill.
mircea_popescu: telling some derp derping about "what we should do" there's no we and nobody elected him is not politics, but the contrary thereof.
mircea_popescu: im not aware it was about the politics, other than to reject unwarranted politics ploys.
mircea_popescu: effects aren't the consideration here. the cause is the consideration.
mircea_popescu: bounce not the point of excluding, the point is of engineering.
mircea_popescu: bounce no, the point was that there's no good reason to believe doubling each year for 20 years is something to engineer against.
mircea_popescu: in roimania it was the railroad signals and then the phones. nobody stole plumbing.
mircea_popescu: but they'll steal the main trunks, not the last miles.
mircea_popescu: bounce but see, in 1960 we did know about optic fibre.
mircea_popescu: bounce fibre possibly has a lot of headroom yet. but so did cable, originally. point is there's not going to be a qualitative jump like going from copper to glass.
mircea_popescu: what's gprs anyway, like 50kb/s and 1 second latencies ?
mircea_popescu: nubbins`: Apocalyptic i'm trying to figure out why everyone has their dicks in a knot about it. nobody seems to know. ^ above should give you a good start.
mircea_popescu: and incidentally exactly, but EXACTLY how idiots just like gavin end up with mortgages they can't pay.
mircea_popescu: imagining you'll keep doubling bra cup into your 30s is a little out there
mircea_popescu: in short : just because your tits grew up 100% a week for half a year starting on your eleventh birthday doesn't mean jack. for one thing, the first cubic centimetre happened then.
mircea_popescu: moreover, the way net neutrality etc is going, not to mention the realpolitics of you know, actual wars, financial or otherwise, it wouldn't be surprising if in 20 years the average us citizen is on dialup
mircea_popescu: sure, for as long as you're rubbing sticks together, things can increase massively. once you start running up against the limits of the universe however, that's that.
mircea_popescu: nubbins`: this is not unusual for a first-world country, is it? << here's the problem : you went from cable to optic fibre to do that.
mircea_popescu: they got the "global financial blabla" quite well pegged, they figure, why won't we just eat some crums ?
mircea_popescu: govt wants it the other way around, so why won't we be nice people and just make bitcoin a sort of replacement for sms payments already.
mircea_popescu: BingoBoingo but see, the question is : govt doesn't want to be a wholly owned subsidiary of bitcoin, and used as such, with its scrip a sort of ltc.
mircea_popescu: we're not here to be friends. we're here to fuck over the entire system, permanently.
mircea_popescu: this specifically requires avoiding the tarpit of trying to be yet another macdonals, helping along with welfare distribution.
mircea_popescu: and i don't care specifically because we want bitcoin to take over the financial, and with it the political power in the world. all of it.
mircea_popescu: and no, im not gonna think about the spooks. i couldn't give less of a shit that some single mom's ugly children are starving because her no fee half bitcent bitbet bet didn't get into any of sixty consecutive blocks.
mircea_popescu: which is exactly the point of all this fucking derpage.
mircea_popescu: so one block will fit 100x as many tx, and each solved block will yield 50x less in subsidies. that's a 5k drop over 20 years. it's high enough to kill the price, and with it mining, and with all that bring bitcoin back within the financial ability of the us.
mircea_popescu: thestringpuller: so average bandwidth in US (where Gavin is based) is 10Mbit. An incearse of .5 per year is like what 15 next then 22.5 after that etc etc <<< in 20 years the per-block subsidy will be just about 40 bitcents. at that same time, gavin's block size will be 110 mb.
mircea_popescu: let him do his whatever the hell it is and be happy, nobody cares.
mircea_popescu: but the derpage about taking bitcoin with him is ridoinculous.
mircea_popescu: go1111111: Gavin has a different idea of where he wants Bitcoin to go<< no, actually, gavin has finally figured that there's not really space in bitcoin for him, and he wants to move on. which is fine.
mircea_popescu: unl;ess they wish to not be pestered about uptading it
mircea_popescu: nubbins` there's a downloads count on github, for what that's worth.
mircea_popescu: because the troop has proven, multiple times, that they're not to be trusted. plenty of those are simple incompetence, but at least three or so can be well argued as malice.
mircea_popescu: point is, nobody in his right mind would just go with the "up to date".
mircea_popescu: look, most everyone i know is using some more or less modded 0.5 0.6 some brave souls read through all .7
mircea_popescu: Naphex functionality and security are widely disjunct topics.
mircea_popescu: another facet is the havok inflation wreaks upon capital allocation and generally marketplace decisions.
mircea_popescu: go1111111 yes, you say "is used" meaning "is used to denote". but the two different things it's used to denote aren't unrelated. they're just facets of the same phenomeno.
mircea_popescu: asciilifeform generally, when people reference gold in relation to bitcoin it's simply a token to represent how they do not wish to engage into a discussion but would rather derp about some conveniently pre-prepared strawmen.
mircea_popescu: inflation is great! more people get more money! what now ?
mircea_popescu: examine what you think is "clear" to get a grip of how little you in fact understand. wtf is "inflation" ? why's it bad ?
mircea_popescu: go1111111 you think they're clear, because you understand very little of it.
mircea_popescu: level 3 : it is people IN THIS CHAN that are both the leading edge and the sum total of both the global financial infrastructure and its migration to bitcoin
mircea_popescu: discussions about reefed out derps about "global financial infrastructure" are nil and void. you don't even know what it is in th efirst place.
mircea_popescu: level 1 : "many people" is not an argument, because a bunch of redditards are not actually different people. the headcount of all reddit is like, 5 people. that's not many and barely people.
mircea_popescu: go1111111: thestringpuller: many people see the potential for Bitcoin to replace much of the global financial infrastructure. i know people in this channel prefer Bitcoin to be a gold-replacement, but if it was able to do a lot more, it'd be pretty awesome << this is wrong on each and every level.
mircea_popescu: for all i care, everyone's welcome to try any theory they wish and then starve on it. what's however not acceptable, not now, not ever, is fraud. passing scamcoins for actualcoins and trying to pretend like shitpie is "just as good as pie".
mircea_popescu: ethereum is good for a few weeks, then need something else, same pretense.
mircea_popescu: Apocalyptic yeah but the problem with this crapolade is that it constantly needs to leech off hard currency to survive.
mircea_popescu: he's not welcome to try and hijack a project he has essentialy nothing to do with into that swamp however.
mircea_popescu: gavin wants to have a cryptousd he's welcome to make yet another shitcoin.
mircea_popescu: to "something else" that's not really in any sense something else at all.
mircea_popescu: yet somehow the bitcoin crowd is supposed to have forgotten why it got into bitcoin in the first place, and apply the inflationary economy it's ran off from here
mircea_popescu: amusinglky enough, the arguments against either are also the same.
mircea_popescu: go1111111 the arguments for a limited b lock size are the same as the arguments for a limited currency base.
mircea_popescu: einstein never got the damned formula out because luce irigaray didn't see why he'd privilege the speed of light over other speeds that are so much more important to us. and so on.
☟︎ mircea_popescu: because that's how everything works in this world, it's reddit out here.
mircea_popescu: mike_c no but really, "i don't see". let's all go to the hospital and start derping, "i don't see why i'd have to take my clothes off"
mircea_popescu: you're better served by going through the logs as relevant to your interest.
mircea_popescu: mechtronic2001 it'd be a pretty horrible place seeing how btcjam isn't too well regarded.
mircea_popescu: i don';t giuve a shit what usefullness you see or don't see.
mircea_popescu: go1111111: BingoBoingo: yes, bandwidth is the thing to be genuinely concerned about << you don't get to separate your better's concerns into genuine and less genuine, fuckface.
mircea_popescu: after the "let's fork bitcoin for fun" and the "let's put heardbleed in your software" disasters, you'd have to be insane to run anything coming from vessenes' merry band of scammers.
mircea_popescu: Apocalyptic nubbins` no dude, because gonobody and usgavin have made decisions and tradeoffs dontchaknow.
mircea_popescu: go1111111: the problem is that having small blocksizes and high fees doesn't actually make anything nicer for anyone. <<< and who told you this ?
mircea_popescu: yeah, im not making it that early. wouldnt mind asking the guy a few q's but whatevs.
mircea_popescu: engineering is about doing things, and gavin has a vanishingly small ability in that field, also.
mircea_popescu: and engineering is NOT "about tradeoffs". politics is about tradeoff, and gavin has zero mandate or political authority
mircea_popescu: blocksize is a scarce resource. increasing it is not helping, it's hindering.
mircea_popescu: <go1111111> thestringpuller: Gavin surely knows that it adds some burden on full nodes, but the point is that it's a trivial amount. engineering is about tradeoffs and the thing being traded off against increasing the block size is miniscule << increasing the block size is NOT a gain. it's a loss.