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mircea_popescu: fluffypony apparently you weren't the only one looking at this, and apparently we don't think very much of it.
mircea_popescu: new block (64 bytes in length) depends on all the previous blocks. As a result a hypothetical “memory-saver” should increase his calculation speed exponentially."
mircea_popescu: "We propose a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to a slow memory and emphasizes latency dependence. As opposed to scrypt every
mircea_popescu: A: "An open-source technology and concepts for the cryptocurrencies of the future" as stated on the website. Also, CN developers state it clearly that they are not a coin itself, but rather a technological concept that allows creation of new cryptocurrencies.
mircea_popescu: thestringpuller> curious. how do you know so much about American culture mircea_popescu ? << i lived there, remember ? i live with us born chicks, too.
mircea_popescu: probably beats prostitution, especially if your two gfs are ugly.
mircea_popescu: perfect fambly business, your gf could keep a network of friendly garage owners to rent from, your other gf could spend all her time doing one garage a day for five days a week, you can handle the buying and logistics.
mircea_popescu: a pepper mill that retails for $25 at Bed Bath & Beyond could be yours for 35 cents and moved on to a 28yo fuckwit that just bought a diamond ring and a mortgage for the low low price of $5.
mircea_popescu: heh, just had a business idea. rent garages in first home neighbourhoods, buy crap for the people doing pond shops, abandoned storage container auctions, police confiscation auctions etc
mircea_popescu: ThickAsThieves << that's a huge thing, documenting all the memes. milk, and first, best and greatest and whoa nelly, tons of them
mircea_popescu: Apocalyptic:
http://www.bitfin.com/ << all the people who aren't in Bitcoin finance but would like to be, so rather than join #bitcoin-assets prefer to pretend like they matter instead.
mircea_popescu: ;;later tell decimation so what, fags were kulaks at some point. they ceased to be exactly because they started pushing that sort of thing.
mircea_popescu: you can verify sigs with the pubkey, you don;'t need the private
mircea_popescu: HeySteve cheaper than two guys with shotguns to back you up and a new pair of spatz every time some twennysomething spaz tries to be smart.
mircea_popescu: if it were up to the users, they wouldn't have the patience for the hambuger order either
mircea_popescu: make it a social media site centered around contract making
mircea_popescu: HeySteve actually a site like that, WebContract or w/e, where you simply put up html forms for people to ul their contracts and you verify them
mircea_popescu: fluffypony it could. verify that the contracts are signed.
mircea_popescu: danielpbarron oh i see. yep, you got a solid point there.
mircea_popescu: HeySteve sure, if you find people willing to post videos on themselves on your blog, you may have something.
mircea_popescu: ;;later tell benkay` "Quixotic damn mission. There are years of fraudulent insanity buried in that forum, and after two weeks of cataloging the madness had to take the project out back and shoot it in the head for fear I'd come down with whatever disease is infecting the brains of those who seek to throw their hard-won bitcoins at unknown entities across the internet. " << that then makes two for you eh ?
mircea_popescu: that's akin to the matter of finding a girl that menstruates pearls.
mircea_popescu: the difference'd be that while the bank cam can be used in court, random joe blow does not get a copy
mircea_popescu: yes well there's a difference between a bank and a coffee shop.
mircea_popescu: want a fiat stock exchange as clean as mpex, gotta put in as much work as mpex does.
mircea_popescu: the founders, the angels, the board members, the vcs that signed sheets.
mircea_popescu: and the ny da needs to step up and slap charges on everyone involved.
mircea_popescu: no. the sec needs to step up and have the shit delisted,
mircea_popescu: yes. including the parts of the world where airbnb domiciles.
mircea_popescu: which results in 3829 people staying there over 3 years.
mircea_popescu: fluffypony how about you sublet half a duplex to some schmuck
mircea_popescu: if ycombinator is allowed to do this, why aren't the crime families ?
mircea_popescu: who the fuck heard of this, "build an alleged business on explicitly and directly requiring people to break the law, require them to not talk about it and then list on the nyse"
mircea_popescu: that the SEC is not probing it simply speaks of how the SEC is more of an instrument of private interest than any sort of justice.
mircea_popescu: between the "you gotta break your lease to use our site" and the "you can't talk to your customers as per our rules", the whole thing should be illegal.
mircea_popescu: ;;later tell benkay` "I rapidly came to understand that the space compromised of people working on Bitcoin" you mean comprised ?
mircea_popescu: cgcardona_ funny cause i had just written an article about exactly this
mircea_popescu: the guys ended up spending all their time being awkward.
mircea_popescu: benkay well after the first coupla hours of awkward, the chicks loved it, cause apparently it's more comfortable.
mircea_popescu: the settlement included guys having to always split the drinks tab among themselves.
mircea_popescu: the guys thought it puts too much power in the hands of womenz and it basiclaly sucks and is opressive.
mircea_popescu: funny story : at one particular workplace we actually had topless day. buncha young people, the guys thought it was great.
mircea_popescu: we'd be better off allowing violence, from the schoolyard all the way to the workplace, than having this diffuse "everyone hates everyone" sort of poison floating about.
mircea_popescu: on it goes. you gotta have people in the loop or it ain't a thing.