320400+ entries in 3.038s
midnightmagic: The gambling servers at least are very popular targets. Extorting them is almost
a Russian pastime.
pigeons: by the way people dont think using bitcoin for gambling is spam, they think using bitcoin transactions to signal
a lost bet is spam
mircea_popescu: if the devs were
a little looser in the ass, would the sort of econ savvy attackers stay that side or join this side ?
mircea_popescu: but selecting the coin to attack is not
a technical problem.
mircea_popescu: end of story. money itself is
a centralising factor, and as such the slightest flicker amplifies
mircea_popescu: if you sell b and buy
a the price of all will go up and the price of b down.
mircea_popescu: if you had 10 bitcoins today prefork, you will have 10
a 10b and 10 c bitcoins after the fork.
mircea_popescu: in short : suppose chain forks into 3 different chains today,
a b and c
mircea_popescu: BingoBongo have you read the girl's explanation of why multiforks resolve and aren't
a problem economically ?
mircea_popescu: look, like it or not, for this reason or for some other reason, bitcoin is at
a point where you can't reasonably pour more moneuy into it
midnightmagic: I don't see how
a rationale (which Satoshi himself started, btw, by requesting that Wikileaks not use bitcoin yet,) is the snowball accretion of full-blown theosophy.
midnightmagic: Actually, the reference implementation was never meant to be the end-all canonical version. Satoshi always hoped someone would write
a properly-funded, properly engineered client and it would become the canonical client.
midnightmagic: You're trying to suggest you could be the lead of
a Real bitcoin replacement. :)
midnightmagic: You know for someone who complains about it so much I'm surprised you're taking such an interest in leading
a takeover.. :-)
midnightmagic: correct, they don't. the thing is
a lot of them know that, so what do they do? social proof. and they pick
a guy (like satoshi) and decide he is the nearest thing to god.
BingoBongo: I give it probably 3 years for
a full move from code control to stardardized and documented.
BingoBongo:
A software neutral specification has been needed for too long
Bowjob: If felt that we would have
a tremendous rally today this bug didnt happen
BingoBongo: I'm making
a trip to the Pawn Shop tomorrow and loading up on fiat for the opportunity that should arise these next few weeks. The DFI I use is indicating
a "correction" to $15-$35 within 2 or 3 weeks, confidence interval of 66.7%
BingoBongo: I imagine there's
a large low information"Investor" population that through inertia or ignorance recognizes what
a small hiccup this should have been... When they start looking for people to inform them though....
Bowjob: I'd let the bears have
a go at it for now
ThickAsThieves: so will there be
a mass selloff afte rpeople get their btc to gox?
maximian: I think we can expect the exchange rate to be depressed for
a while.
maximian: the tech blogs will have
a field day with this. orgasming over the opportunity to spread some FUD
maximian: big forks have happened before, not really
a big deal
rodeo: I thought the ending was
a bit anti climatic
mircea_popescu: well whatever he wants, if you don't see it in
a day it's prolly been rejected
ThickAsThieves: essentially btcguild and the other big ones are doing
a 51% attack
ThickAsThieves: and
a portion of the hashing is still going to dead blocks
ThickAsThieves: overall this still lowers difficulty next round
a little right?
Chaang-Noi: mp yeah 15 to 45, then
a short dip to 38 and they are like, told you its over, lulz
pigeons: that interac email transfer thing was
a mistake
mircea_popescu: and it will ever be the case that whenever code contains
a number based on an assumption
mircea_popescu: until that moment when
a perfect storm composed out of
a db upgrade and the limit removal
Chaang-Noi: pigeons you have not explained what you think the issue is yet you say what i said is silly... it is hard to attack
a point you wont state
Chaang-Noi: also i have more faith in the ltc pools to change this cuz it is
a small network now
Chaang-Noi: but having it in the first place was
a good idea
mod6: he's not an idiot. he was very smart, if these new idiots can't hack their way out of
a wet paper sack, thats not really his fault.
mircea_popescu: the-bucket-shop basically it will happen indefinitely for as long as we have
a devteam that mostly works at trying to play government.
smickles: mircea_popescu: i only have
a self taught understanding of technicals and i see it, so people who trade on technicals probably see it too and are taking action
smickles: mircea_popescu: we had
a double top and
a crisis. we're going to 2
Ukto: having tie-ins with ozco's systems, and others, my system keeps
a close eye on all transactions lol
smickles: geez, we're still 9 blocks from
a re-org
gribble: Error: "wallstreet" is not
a valid command.
topace_: bitcoind listtransactions bitches abotu safe mode, is there
a way to tell it to just show me the transactions anyways?
benkay: be
a shame to see the us consolidate under their iron grip
benkay: they have
a fancy website
gribble: Error: "lag" is not
a valid command.
mircea_popescu: not like iot says right there, "put
a little tx fee, it helps the network" etc
dub: smickles: it became
a problem when dice increased their fee
smickles: mircea_popescu: they do do
a little on the testnet, it's just that the queue of stuff to test is long, and noone want's to help out
dub: no theres
a 250k limit
mod6: so there is
a 1mb limit now?
mod6: depends on the scale. at the plank scale everything is
a different
smickles: btcguild gunning for 5 in
a row now
smickles: ya know, there's
a chance this band-aid fix won't work, the .8 chain looks like it might be going faster than the .7
smickles: Bowjob: they have
a band=aid fix, revert to the old chain
smickles: they mined on the 'wrong' one for some time b/f peeps realized there was
a problem
smickles: the wrong one mined
a block which .7 clients couldn't see
smickles: mircea_popescu: it mined
a block sized larger than 250k
mircea_popescu: good luck getting the miners to accept
a 14 block loss
smickles: topace_: as
a regualr user, i dunno. but it'll switch over automatically when the .7 chain is longer
kakobrekla: >The risk is small because this is not
a network split-- transactions are being sent to both sides of the chain split, and it is unlikely (but possible) that somebody could get two versions of the same transaction into the two sides of the chain.
kakobrekla: which mean
a few bitbets will have to be invalidated
ThickAsThieves: the bet has
a fault, or
a bonus depending on how you look at it
kakobrekla: bitcoin split, price crashed all while you were takign
a piss
gesell: or we do but
a bit more abstracted and not so clear as it is here
Bowjob: erm, i shoulda asked
a yes or no q
vampireb: not recovered, there still
a fork.