339600+ entries in 3.111s
Chaang-Noi: but yeah, its not
a get rich quick thing
Diablo-D3: EskimoBob: you do realize video games are
a billion dollar market, right?
Diablo-D3: black mesa is
a fan remake of half life 1
mircea_popescu: the want as much as fiddy cents ? take
a hike, there's fiddy billion people who can code.
Diablo-D3: I already sold those shares for 2x abmo like
a month ago
midnightmagic: False analogy. I detect the beginning of the moebius strip. Bedtime for me, Diablo-D3 I wish you
a good night, sincerely. Sell your asicminer shares, buy ngzhang hardware.
Luceo: The ASIC company does not benefit from enabling
a 51% attack
midnightmagic: Good for you, you just wasted
a whole pile of money and did
a 50% attack that requires an order of magnitude more money than the asic users spent.
Diablo-D3: and what happens if I just have
a million fpgas?
midnightmagic: (Because
a second run costs $2/chip or whatever it is?)
midnightmagic: Diablo-D3: If you think you're right, give your head
a shake. It's trivial to do. It takes about 3 months to upgrade 95%, and that's just for
a non-impact lame-o ddos fix with no known sightings in the wild.
midnightmagic: Luceo: You're just talking about
a normal 50% attack now.
Luceo: But the total network outside my control takes
a severe hit too
midnightmagic: Luceo: If you've amassed all the different asic so you only take
a 1/3 hit, your ability to attack is lessened.
Diablo-D3: okay so, I have
a bunch of nodes that seem like they're coming from different continents, and none of them connect to the same peers by collusion
midnightmagic: Still, it doesn't matter, all it takes is
a suspicion, or an attempt to make use of the >50%.
Luceo: They assume
a hostile ASIC hoarder will necessarily be
a manufacturer\/
midnightmagic: Yeah right.
A hardfork later and every user who listens to Gavin when he says "Hey these guys can now attack the network, upgrade now to avoid it," makes the old fork die.
midnightmagic: And the naughty conglomerate that went overboard into
a super fancy mining contract because they discovered nobody's willing to buy their device and fund competition against themselves? They go away and lots of paperweights mine on
a scamcoin altchain.
Chaang-Noi: you want win, it is like talking to
a rock
midnightmagic: Chaang-Noi: I will in
a moment, I'm in pacific time.
midnightmagic: Every vendor was told, as Luke-Jr said, to put
a small additional secret piece of logic into their asics.
Diablo-D3: plus anyone on gpu mining since you wont have me to write
a new kernel
midnightmagic: In other words, customers *should* if they were smart, be forcing them into
a purely self-mining contract.
midnightmagic: You make
a device, if you didn't mine 12TH and then 50TH, it would have made x more profit. If you DO mine, with your customers' own money (which is in their business plan) you are reducing the value of those devices.
midnightmagic: mircea_popescu: AS
A SHAREHOLDER. Not as
a customer buying their devices. In other words, they're cannibalizing their future earnings selling devices by doing the dick move of mining for themselves.
midnightmagic: Diablo-D3: Why would I support
a business which intends to compete directly against other miners?
midnightmagic: It is ENTIRELY
a party to this discussion, because that's the genesis of my objection!
mircea_popescu: midnightmagic :"customer" is not
a party to this discussion
midnightmagic: mircea_popescu: Look at it from the customers' perspective. Why the hell would I buy
a mining tool from the same company who's already staked the choicest claim and mined it for all it's worth?
mircea_popescu:
a company is entitled to make an item, use it, sell it, whatever they want.
midnightmagic: mircea_popescu: The owners owning cars is
a false analogy.
Diablo-D3: midnightmagic: its
a glorified mining contract that sells hardware.
midnightmagic: Or are you trying to tell me it's really just
a glorified mining contract?
midnightmagic: And it's irrelevant that the shareholders are the ones financing the practice, that doesn't change
a thing.
midnightmagic: No, it means asicminer's non-device-selling activities are destroying the maximum potential value of their own devices, AND they're in
a conflict of interest because they're competing directly with them for
a slice of the available btc pie.
midnightmagic: I'm failing to see how that is
a counter-example to my point.
Diablo-D3: midnightmagic: I dont think they're going to maintain
a perm farm
midnightmagic: I'd also like to point out that I'm one of the very few people who doesn't think you tried to do something naughty with usagi and that nefario freezing your shares was
a dick move.
Diablo-D3: quite
a few fabs may have IP libraries, smic is the cheapest
midnightmagic: Even with the fewer MH/s, the numbers were still considered impossible. It remained
a mystery until ngzhang reversed it at the hardware level.
Chaang-Noi: midnightmagic i think food will go up in price but no it is not
a fact
midnightmagic: And have they not delivered in
a creative way on promises that
a good number of people said were impossible in the past?
midnightmagic: And BFL is NOT run by "fraudsters". One guy may be
a fraudster.
Diablo-D3: I "broke" this news like
a billion months ago
assbot: [MPEX] [B.MPCD.
A] 5000 @ 0.00101516 = 5.0758 BTC [+]
assbot: [MPEX] [B.MPCD.
A] 10000 @ 0.00101516 = 10.1516 BTC [+]
Obsi: bedroom looks like
a disco
OneMiner: Not the ponzi part, that's
a joke. The conspiracy one is serious.
OneMiner: Not
a joke. I'm very sad to say I'm serious.
OneMiner: I had some right wing (they listen to Rush, yes that far right) folks who I had known my entire life say, "Yes, our marriage will be affected" but then they couldn't say one more word on HOW. Also they think CFL lightbulbs are
a conspiracy and probably
a ponzi.
OneMiner: Also, I demand that
a plate of pasta be stamped into the next coins they mint! It's that or it's discrimination!
kuzetsa: 2) I'm
a non-violent taoist
OneMiner: You know. I really love
a lot about the US. But there's some things that just make me furious. Rigged elections and grey area assasinations are some things that boil my blood.
OneMiner: Fine, now we have to do paper punch, hand counted, in
a school gym or something.
OneMiner: Soooo... Ether we scrap the new machines or it's
a thousand years of darkness!
OneMiner: Oh, I just ment that without
a paper trail the credibility (as shown in past elections) is zero.
BTC-Mining: The machine could give you
a fake paper receipt
OneMiner: I'm not in favor of any voting machine that dosen't give out
a receipt. Paper trail FTW!
Diablo-D3: bush jr almost died in
a drunk driving accident while underage
dub: there was also the guy that showed up at the house to make
a buy after they had taken me away
dub: over
a certain amount is assumed to be for supply
OneMiner: It's
a legal precedent, can't do anything about it unless you happen to be on the supreme court.
Obsi: Was the start of
a bukakke porno he was filiming
BTC-Mining: What was it for? You walked on grass in the park and there was
a keep out sign?
dub: considered running for
a few seconds then walked in the door with my bags of groceries
Diablo-D3: Smoovious: cops in one state tasered
a woman passed out due to diabetic shock because she refused to tell the cops her name
Diablo-D3: the universe invented
a better idiot, and thats what we got.
Diablo-D3: nefario refuses to release
a list of shareholders
nefario: Obsi: three people can keep
a secret
Obsi: What would be
a good way to handle
a situation that calls for
a motion, while keeping the details of that motion under wraps from the public at large?
nefario: sure fire way to find
a job
BTC-Mining: It would actually be more lucrative to do it that way. Suppose you need 50$ to produce something, sell it 100$. You can run away with 100$ and not produce anything. Or offer an upgrade, get back the 50$ product, mine bitcoins with it. Keep the 50$ and ask for 100$ for an upgrade which doesn't exists. You now have
a free FPGA mining farm +150$ + extra ASIC orders
BTC-Mining: Assuming there's
a profit margin on it.
BTC-Mining: There's
a thread where BFL admits? Don't remember which
assbot: [GLBSE] [TYGRR.BOND-
A] 6 @ 0.114 = 0.684 BTC [-]
mircea_popescu: this does not mean every petty criminal is
a prisoner in the basille.
mircea_popescu: i mean sure, the us govt is
a piece of shit, always trying to fuck over independent folks
Bugpowder: He should have thrown in
a Ron Paul shoutout though
kuzetsa: I still have
a cool edit pro license
kuzetsa: well I use crunchyroll, hulu, various streaming thingies (including
a program or two on MSNBC like rachel maddow) so I need it for more than just youtube
assbot: Requesting data from GLBSE (might take
a while, also might return fishy results as it does not account for splits etc).
copumpkin: I can only deal with one form of disappoint at
a time
Chaang-Noi: how do you register
a chan? iv done it before but i forgot...
Chaaang-Noi: girls not as hot as yours im sure but
a lot closer