283300+ entries in 0.066s
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.
mircea_popescu: <pete_dushenski> he's just playing it up for the crowd. << that, pretty much. like any pundit/hired "tech support", he's got his talking points and he's going to talk the points.
mircea_popescu: shit my client automatically expands wikiwhale to gmaxwell's girlfriend ;/
mircea_popescu: "i'm too lazy to go out and pick something up so i'ma troll livejournal for gmaxwell's girlfriend" ?
mircea_popescu: isn;'t the sloth merely "if i could be bothered to stand up" ?
mircea_popescu: this in stark opposition with thought, where simply spending time doing addition does not automatically qualify one for analysis say
mircea_popescu: except they're not modes of thought, they're modes of feeling.
mircea_popescu: asciilifeform so in the end, it turns out you did know it, just, didn't realise how stupid the average derp is ?
mircea_popescu: o look, ed went to shit meanwhile. anyway, they had a decent article on this power word : real name thing, a decade ago
mircea_popescu: there you go. saying someone's name is a potentially dangerous, magical activity.
mircea_popescu: and since the result of libertard "education" is an unprecedented headcount of illiterate cattle all over the west...
mircea_popescu: there's this innate "fear", i suppose, among the primitive, illiterate hordes as to the magical power of names.
mircea_popescu: asciilifeform how do you 'dox' people unless there's dirt ? << there's a lot you don't know.
mircea_popescu: anyway, thinking about it, i suppose that's the one, true, original classifier. not money nor "knowledge" nor anything else, but simply the contest of what is and what is not obvious.
mircea_popescu: i think if that were a question on a junior college class - in humanities, mind you - you'd be lucky to get a kid in five spot it.
mircea_popescu: asciilifeform speaking of unless. on a scale of 1 to 10, just how transparent is the ef-deer = fdr reference ?
mircea_popescu: the dog's memory is good for minutes, and his representative bubble can't exceed that.
mircea_popescu: forget it, it's like asking a dog to relate cause and effect across a week
mircea_popescu: as far as everyone's concerned, google's a bucnh of geniuses. that they managed to fuck their market, well... that's just an accident.
mircea_popescu: because strategists are about five in the whole world all told and the other four are doing military stuff.
mircea_popescu: and obviously, nobody will be there to notice the fucking lesson, or put in plain words google's fundamental strategic failure
mircea_popescu: fail to support an ecosystem, be eaten by your upstream provider.