325600+ entries in 0.203s
BingoBoingo going
to clear some brush and
think about life.
BingoBoingo: So, are we reverting back
to seeing how many benjies we can shove into
the bank of arse?
BingoBoingo: Spz adacoin, could not old boat be scuttled into supporting
that or?
BingoBoingo: So, how do we make a better boat on
the open sea?
ben_vulpes: so cartelization, preservation of extant btc distribution not even desireable. sounds like a new genesis, altcoin, if
the prototype is even preserveable?
BingoBoingo: I'm
trying
to digest how
this all relates if
the biggest schelling point of Cliter reign follows halving.
BingoBoingo: What? No one literate enough
to make code has started prototyping necessary brick chicom hardware fork?
BingoBoingo: asciilifeform: I'm just
trying
to figure out how
to cover
this actual crisis now
that Bitcoin has one.
mircea_popescu: anyway, ftr, re ben_vulpes link (not
that i've read it or intend
to read random derpage from nobodies on
topics) - years ago protecting miner investment made sense as a
topic.
mircea_popescu: this
trivially reduces
to "usable computer can not be built". which is it.
mircea_popescu: stop worring about what
things mean and what may come and so forth, focus on doing
the right
thing at each juncture i say.
mircea_popescu: and yeah, sure, perhaps
the market's not rational enough, and yeah, sure, maybe fed prints more
to buy bitcoin. whatevs.
mircea_popescu: all
through
the past 7 years
the whole spiel was "[these known vulnerabilities] but
the miners would never dare do
that because of market reaction". what exactly did you imagine
that reaction is built out of ? reddit derping ?
mircea_popescu: again with
the effects
talk. looky : what'd you have me do, not say anything ?
mircea_popescu: but yes,
the enemies of sound money are certainly served by bitcoin miner cartelization. doh.
assbot: Logged on 05-03-2016 20:10:03; mircea_popescu: not with
the wanna-be ceos and assorted "captains of industry" ; not with
the wanna-be coders and assorted "power rangers" ; not with
the wanna-be journos and assorted redditards ; not with
the wanna-be sikrit agents and assorted nsa
tools.
ben_vulpes: complain
to fluffypony he
took what, 3 minutes?
mircea_popescu: not with
the wanna-be ceos and assorted "captains of industry" ; not with
the wanna-be coders and assorted "power rangers" ; not with
the wanna-be journos and assorted redditards ; not with
the wanna-be sikrit agents and assorted nsa
tools.
☟︎ mircea_popescu: ironically, it had absolutely nothing
to do with all
the derps, in
the end.
mircea_popescu: anwyay, yes, bitcoin is
traversing perhaps
the first
true crisis since its founding, between now and
the halving.
assbot: The necessary prerequisite for any change
to
the Bitcoin protocol on
Trilema - A blog by Mircea Popescu. ... (
http://bit.ly/1SqDUTU )
assbot: Logged on 05-03-2016 19:45:43; asciilifeform: porn-making conf in
teheran ?
assbot: Logged on 05-03-2016 19:43:06; fluffypony: mostly in
the context of "we should have invited him
to add a voice
to
this, but I doubt he'd come
to
the USA"
ben_vulpes: did i miss a fork proposal for july
that would nuke miner cartelization, or perhaps even pooled mining?
assbot: Logged on 05-03-2016 19:38:03; fluffypony: so your argument adds an astonishingly nonsensical case
that presents dubious privacy risks
mircea_popescu:
http://log.bitcoin-assets.com/?date=05-03-2016#1422884 << well,
the privacy risks aren't exactly dubious in
that i don't atm see how ring signatures would prevent miner cartel from attacking bitbet. except, of course, if predicated on "miners are lazy and dumb". which is
true - until
they aren't. much like ants are lazy and dumb, until
they get into
the fridge, at which point
they'll dumbly&lazily never want
to leave.
☝︎ assbot: Logged on 05-03-2016 19:37:29; fluffypony: so in
this one special case you have
to maybe blacklist outputs and not mix with
them
assbot: Logged on 05-03-2016 19:34:34; asciilifeform: and so now i'm stuck having
to juggle pots of own coin
to maintain
this so-called auto anonymity ?
assbot: Logged on 05-03-2016 19:23:55; asciilifeform: and even if it were so, it does not help bitbet, which ~already~ could 'prevent miners from blocking
tx' IF it chose
to keep
them secret, but pointedly DOES NOT WANT
assbot: Logged on 05-03-2016 19:04:44; punkman: I
think wot+credit-lines solutions are interesting, sorta like
the original ripple before
the derps bought
the name
mircea_popescu: large part of
the promise and value of bitcoin is exactly
this chickenizing of banking.
assbot: Logged on 05-03-2016 18:53:43; asciilifeform: ben_vulpes: quite possibly cutting mining apart from
transacting was a design error.
fluffypony: I don't
think
there was a question of whether or not he would come
danielpbarron: oh it was in
the US? where? I
thought it was on some island somewhere
fluffypony: mostly in
the context of "we should have invited him
to add a voice
to
this, but I doubt he'd come
to
the USA"
☟︎ fluffypony: mircea_popescu came up a couple of
times
fluffypony: ah yes,
the asciilifeform "everything is bad except
this hardware
thing I've been working on for 4 years and still can't finish" argument
fluffypony: so your argument adds an astonishingly nonsensical case
that presents dubious privacy risks
☟︎ fluffypony: so in
this one special case you have
to maybe blacklist outputs and not mix with
them
☟︎ fluffypony: so
there's a bucket of
tens of
thousands of outputs, and you routinely reveal outputs, so
there's a 100% chance you're going
to mix with a previously revealed output?
fluffypony: there's absolutely nothing fancy about
this
fluffypony: consider what
the chance is of you mixing with an output you've already revealed
to an attacker
fluffypony: but you can blacklist
those outputs in your personal capacity
fluffypony: yes - so in any future
transaction if you happen
to use
the same output in a ring
then one of
those is out
fluffypony: if you reveal it
then you reveal which of
the outputs was really yours