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mircea_popescu: i know, the circlejerk that is the pretend-core likes to convice themselves they're needed because they're stupid.
mircea_popescu: you really don't want to go into utility. so far the pretend-core devs are a liability overall.
mircea_popescu: let me underscore that the core devs of bitcoin are at conformal not at the scam foundation.
mircea_popescu: so what of it ? conformal pays its devs the salary to work on bitcoin-core full time.
mircea_popescu: for as long as he can put up with the imbeciles, at any rate.
mircea_popescu: he's the only brain left in the bitcoin scamfoundation troop.
mircea_popescu: she on the right matters. they on the left don't even exist.
mircea_popescu: however, they are perfectly useless, and will not matter.
mircea_popescu: aren't the girls on the left just as hot as the one on the right ?
mircea_popescu: this, actually, i propose as quite an illustrative 10k words summary of -assets
mircea_popescu: nah see, that's just moving the choir mentality down the road.
mircea_popescu: it'd certainly relieve me of the need to be always here whenever you schmucks manage to get an idea or something :D
mircea_popescu: the point was never to agree. the point was to disagree well.
☟︎ mircea_popescu: asciilifeform if memory serves, the lessons learned were more about vetrov
mircea_popescu: ThickAsThieves the point of blogging is to explore exactly that.
mircea_popescu: asciilifeform i dun think that was such a bad call myself.
mircea_popescu: so the channel spends a while as a dump of copy/pasted material
mircea_popescu: the idiots left to replace you will decide well... the only way to maintain the glory of -assets that was
mircea_popescu: suppose you all get extradited to the us to stand trial as witnesses in civil proceedings against unrelated third parties, and are liek waterboarded for lyf. as the forum says will happen.
mircea_popescu: and then eventually that runs out too and that's that.
mircea_popescu: my own view of that cycle is something like : a cool thing makes inroads. the people doing the cool thing eventually die, their successors aim to maintain that greatness
mircea_popescu: anyway, once public education becomes a thing of the past, we'll be back to having actual literacy and actual encyclopedists will write actual encyclopedias,
mircea_popescu: i dunno about that. ideally we dun pour effort into dirt
mircea_popescu: asciilifeform well because you were, what, you dare contest teh wisdom that is ?
mircea_popescu: ThickAsThieves i suppose, depending on what exactly ou mean by that.
mircea_popescu: the "country of laws not men" failed much like the giant leap forward failed.
mircea_popescu: running an empire of generals and senators who ARE, they themselves personally, the respective institutions.
mircea_popescu: we're going back to caesar who is personally the emperor,
mircea_popescu: the future is of individuals, who are going to be the institutions. like it or not.
mircea_popescu: but you're misstating it. if most of the world is china, then most of the world is going to be china
mircea_popescu: i can't discuss the impossible tho, because anything can be logically derived from nonsense.
mircea_popescu: so in your terms "if you think it is or you think it isn't, so what ?"
mircea_popescu: i am saying that a) it cannot happen and b) this irrespective of what you know or don't know.
mircea_popescu: in exactly the same way, it's not your job to "verify" that the miners don't 51%
mircea_popescu: remember how i told tg2 to stfu yest, because it's not HIS job to tell the exchanges how to exchange ? it's not.
mircea_popescu: i want this, because a mine is a physical thing, it needs proxying.
mircea_popescu: if i own 1petahash worth of mining gear, and we have a deal that you claim to own 1petahash worth of mining, we can work it so no third party can ever discover this.
mircea_popescu: the connection between mining and identity is aribtrary. purely.
mircea_popescu: the pretenders get to pretend like they matter, which ios really all they're interested in
mircea_popescu: this works to everyone's benefit : the actual miners get to conceal their mining, which they want to do
mircea_popescu: where people pay a slight premium to be allowed to pretend they mine by the actual miners.
mircea_popescu: you may not know this, but there's a major miner bezzle market going
mircea_popescu: or not really accident, more like the interplay of will and understanding, as limited by reality - i demonstrated this once in here using asciilifeform as my victim)
mircea_popescu: (this incidentally is one major point proponents of alternative coins don't realise. one of the most important permanence factors in a coin is just how well distributed the coinbase is. this is not something later coins will readilyt achieve, bitcoin achieved by accident
mircea_popescu: ThickAsThieves that type of concern is vastly alleviated by the btc cap. we've already mined more than half the total.
mircea_popescu: BingoBoingo they never were anything but blatant about it, weren't they ?
mircea_popescu: i personally possibly not. it's just not one of my strenghts.
mircea_popescu: ThickAsThieves i said government had, a couple months after they had started, a few months ago.
mircea_popescu: and we have the equivalent "exchanges", icbit, bitfinex etc
mircea_popescu: BingoBoingo for completitude's sake, the blatant set really should be cryptostocks / picostocks / bitcoinbourse
mircea_popescu: then silver went to shit, but that's ok, cause he was really invested in... whatever went up.
mircea_popescu: same with goat. he was in here explaining how great future silver has,
mircea_popescu: re-making the claim costs about as much as it cost originally.
mircea_popescu: the actuality of the failure of the purported investment does nothing to alleviate the causes of the pretense, and so the pretense is simply rehashed.