log☇︎
325500+ entries in 0.189s
mircea_popescu: soviet world had it's own free subset ; much like the 1984 world has its free subset. the people running the black market that orwell does not even wish to consider.
mircea_popescu: why the fuck did you imagine the various items and pillars to build a coherent world-envelloping system come to me so easily ? i'm not coming up with fucking wot-economy and pgp-corporations and all this de novo, i'm just applying to pre-existing items!
mircea_popescu: without these things ~free world accessible to arbitrary $fortune~ is a dream.
asciilifeform: without these things, free world is a dream.
mircea_popescu: which, inasmuch as it's philosophical, doesn't really get touched by phenomena.
mircea_popescu: best i can see both these items sit on the same philosophical foundation.
asciilifeform: again spurious analogy. or is mircea_popescu about to explain how tmsr still has a philosophical foundation without sound money.
mircea_popescu: asciilifeform dawg, portofolios get adjusted all the time in response to market conditions, whadda ya want.
mircea_popescu: in general "what to do" has been a foremost topic in everyone's head for days now, i would imagine.
mod6: is there anything in anyones opinion that the foundation could do with trb to move past this problem?
asciilifeform: 'do not build after this line.'
asciilifeform: in jp there are 1500+ yr old 'tsunami stones'.
mircea_popescu: and hopefully the next crop will have more sense.
mircea_popescu: we at the very least achieve a very useful head of a mongoloid on a stick for the education of future retarded children of (principally) asian mothers,
mircea_popescu: so : by breaking the capital investment of the current idiots that had the unmitigated audacity to meet and the breathtaking stupidity to not only admit it, but bring it like some sort of value in public, like the mongoloid children proud of his fingerpainting works in his own shit
mircea_popescu: and the degree of brokedness bitcoin experiences now, post-cartelization (an event which we'd more or less date as occuring either in degrees or at some point between the high-s fork and march trhe 3rd)
asciilifeform: mod6: but remember, this is only a pill against demoooocracy
mircea_popescu: but anyway - there's a substantial difference between the degree of brokedness bitcoin experienced between 2010 and about 2013ish, where imbecile independent miners nevertheless gave their vote blank to "pool" operators (mcuh like idiot shareholders let the various brokers to vote for them)
assbot: Logged on 25-08-2015 18:53:47; asciilifeform: mircea_popescu: re: workfunctions, there was once some theoretical work concerning 'non-outsourceable puzzles', i.e. mathematical magic preventing the formation of pools by allowing any pool participant to silently and untraceably claim the entire block reward. but i cannot recall if this went anywhere other than academiwankery.
mircea_popescu: ah, that post was made in a happier time, a more innocent time.
mod6: mircea_popescu: so if your pre-req for change to btc protocol was adopted, and ASICs were rendered useless, how does one begin to attack the problem of mining pools?
Reydev: hey guys is the current discussion still related to the bitbet payout thing discussed some days ago?
asciilifeform: and when the time comes and beijing prints, while swedish coolies toil, beijing will be indistinguishable from today's washington.
mircea_popescu: no nefariousness need be involved for people to fuck up grandiosely.
mircea_popescu: "these idiots were given an opportunity, and they figured running the rigs as efficiently as possible is everything that may ever matter."
mircea_popescu: anyway. in my personal scoreboard, this is chalked down as one of those grand disasters of stupidity. exactly in line with an older article of yours,
mircea_popescu: nobody in the us has done a spot of work in about fifty years.
asciilifeform: lizards print, while others work. that is what fiat is. in roman debased silver, or today.
mircea_popescu: it ended, long ago, various 2nd hand leaders a la putin now and again go to kick the once-great, currently ridiculous loser.
asciilifeform: it is simply the current britain. forget the particular.
mircea_popescu: dude wouldja stop with the usg shoehorning ?
asciilifeform: the way there is with visa.
mircea_popescu: not that the philipinos won't be coming out of the underbrush to push the unexpected "just as good" verbiage, or w/e.
mircea_popescu: anyway, i suppose it's absolutely obvious and entirely uncontroversial that a bitcoin with cartel-mining is entirely uninteresting to everyone.
asciilifeform: with their swords.
asciilifeform: the spartans can speak for themselves
mircea_popescu: if it's of interest or not it is their call to make neh ?
asciilifeform: but who am i to say.
asciilifeform: but to say that mircea_popescu's retreat is of no interest to mpex users, beggars the imagination and melts my brain.
asciilifeform: and prop up the state.
asciilifeform: and to a bitcoin user, currencies that have to mive physically, or hawalate, are all stone knives.
BingoBoingo thinks MPEx can have important role as market between BlightCoin and Coin during the transition.
mircea_popescu: to random microshit investor, bitcoin is the same as flooz.
mircea_popescu: if gates switches to euros, what would he say to microshit shareholders ?
BingoBoingo will nevar be able to get an address in another currency as beautiful as 1LvCuntsJyFFQsLuJhBXBPokbQa7SAyMr4 again
shinohai: without trb, Bitcoin is basically useless. To me anyway.
mircea_popescu: why do you suppose anything has to be said in particular ? i dun follow.
asciilifeform: what does mircea_popescu say to the shareholders? 'enjoy the ride dowd to the ground from 20,000 metres' ?
mircea_popescu: something like that.
mod6: so if derps wanna use centralized mining shitware, they can continue. but i wont, and you wont.
asciilifeform: and i admit that i wonder about mpex.
mod6: and that's not good enough.
mircea_popescu: mod6 because more or less then, it'll be a case of "well... what does everyone use ?"
asciilifeform: try to undestand the difference between bug and misdesign.
mod6: Why is july a thing? This doesn't make sense. If prb wants to fork a centralized mining protocol, that doesn't make it any less dead.
BingoBoingo: mod6: Well, work on a trb with a new genesis block could be an interesting skeleton for altcoin. It opens the door to flensing far deeper.
mircea_popescu: mod6 your call to make, together with ben_vulpes i guess - the point remains, if no trb offering in july, no trb offering in july.
mod6: if this is all correct, then i agree with alf. there is no reason to continue work on trb - we should suspend, indefinately, all efforts therein. At least until somehow we have a re-write that resolves these issues.
asciilifeform: mircea_popescu: famine doesn't affect rats and mice. quite the opposite.
mircea_popescu: in fact, the lot of them getting burned off is at least as valuable as bricking the idiot chinese miner rigs.
asciilifeform: if you're talking about gold and you aren't wearing a crown and leading an army -- delusional.
BingoBoingo: And now TSA plucks arsecoin out or arsecoin wallet with flashlight
mircea_popescu: i'd honestly much prefer the situation where "evangelism" never happened.
JuliaTourianski_: back to gold
BingoBoingo: And there's no well designed alts
JuliaTourianski_: the thing alt coiners don't get is...if btc "fails" alt coins lose all cred. wont get any traction EVEN if perfect
BingoBoingo: mircea_popescu: This is why /me leans towards well designed altcoin as solution. Something capable being ada-ified, but perhaps implementable in rougher form.
mircea_popescu: now imagine what other incredibly dumb shit they imagine is a good idea for crying out loud.
mircea_popescu: BingoBoingo imagine someone somewhere thinking this is a good idea.
mircea_popescu: stop focusing on teh irrelevant.
JuliaTourianski_: i was thinking blocksize
BingoBoingo: But the same problem
JuliaTourianski_: oh thats another thing altogether
BingoBoingo: Further ~80-90 percent of hash all got together and MET!?
BingoBoingo: JuliaTourianski_: They went against the don't be shitheads when 51+%
mircea_popescu: JuliaTourianski_ no, they went against the consensus. what's core ?
mircea_popescu: pity they already did.
asciilifeform: same thing.
mircea_popescu: hopefully some hicks from missouri capture you and i can hear all about the ozarks supremacy for a while.
mircea_popescu: have you noticed this ?
mircea_popescu: you and your twin anal and usg preoccupations.
asciilifeform: of them.
asciilifeform: the interesting moment will be whe usg hyenas feast on the corpses,
mircea_popescu: asciilifeform btc cartel is a bunch of dudes with some technical ability and no clue generally.
asciilifeform: now this is true.
mircea_popescu: after the unintentional hardfork over the imbecillic high-s thing, this was perhaps inevitable. what are they do to ?
mircea_popescu: and sure, you can blame the miners. the problem is - the design sort-of forced this endgame upon them. i doubt most of the chinese even understand ~what went wrong~, in the very faint general, letalone in this specific ~what we did wrong~. by the chinese bible they were being very reasonable and i just don't understand how the world works. ach ach my dear fellow mp.
mircea_popescu: if whatever you're doing is threatened by a government, you're either very stupid or very lazy.
mircea_popescu: printing press does no such thing. never did.
asciilifeform: printing press throws infinite silicon at it.
mircea_popescu: however, if it is going to be an altcoin, as in, no continuity, then it doesn't matter so much if tomorrow or yest or whenever.
mircea_popescu: benefits from all the marketing bitcoin did for it, without having to pay (in the shape of entrenched idiots of all stripes)
asciilifeform: against the printing press ?
mircea_popescu: asciilifeform> (because there is no satisfactory way of bootstrapping any alt.) << in principle a ~WELL DESIGNED~ alt with a ~WELL CHOSEN~ pow would work quite well.
asciilifeform: (tldr: hawala over gossipd. an end to the 'anyone is a bank' dream.)
asciilifeform: and, as usual, i have a pill against these boojums, but it is very bitter and i promise that no one will want it.
asciilifeform: nor anything to prevent an alt from being bulldozed by ft meade, or beijing, or whoever else can print money and bake silicon.
asciilifeform: (because there is no satisfactory way of bootstrapping any alt.)
assbot: Logged on 05-03-2016 20:50:12; BingoBoingo: Like the hardfork dilemma.
asciilifeform: http://log.bitcoin-assets.com/?date=05-03-2016#1423034 << that only worked because, in phorkwar, one could sell phork-btc and buy btc, forming an arse-mouth loop. ☝︎