346500+ entries in 0.08s
mircea_popescu: <benkay> american college students are so self-important they can barely work service industry gigs. << this.
mircea_popescu: <asciilifeform> benkay: probably not the cattle. but the folks who actually know some useful trade. << most of those have already left.
mircea_popescu: judge can order whatever he wants, the bitcoin he can't touch
mircea_popescu: <benkay> pray they're not due before we emerge from the Trough. << no actually : take loan, buy bitcoin, give bank the finger.
mircea_popescu: inconvenient as it may be, girls aged 16 to 19ish are the country.
mircea_popescu: ThickAsThieves they paid for a wsj piece to explain how bitcoin isn't as good as gold.
mircea_popescu: ThickAsThieves yeah, for a good two decades that pillar held. technical excellence in directx + marketing excellence in ms hq ensured market domination for windows
mircea_popescu: basically, the dev in charge of directx didn't want the shit in there anymore
mircea_popescu: mike_c nah, wasn't part of directx back in like... a decade ago at least
mircea_popescu: "DirectShow (sometimes abbreviated as DS or DShow), codename Quartz, is a multimedia framework and API produced by Microsoft for software developers to perform various operations with media files or streams. It is the replacement for Microsoft's earlier Video for Windows technology."
mircea_popescu: did anyone put this on reddit or we've not told them yet
mircea_popescu: people seem to have this strange aesthetic amnesia when discussing faux 1960s "famous" tarts.
mircea_popescu: people seriously think Judy Collins was hawt at any point ?!
mircea_popescu: keiser with his tv hordes is still smarting and so on.
mircea_popescu: as the sore holes of mtgox, the foundation, etc etc scattered all over the forum neatly attest.
mircea_popescu: remember, this is bitcoin. the powers that are can tear the powers that wannabe a new one quite easily
mircea_popescu: in other news, tea party runs off with seat in always-democrat constituency
mircea_popescu: then mp fucks their skulls and pisses in their eye sockets
mircea_popescu: ThickAsThieves starting to get a little pannicky, are they :D
mircea_popescu: KRS1 there's no such thing as gay dogs. dogs, much like people, will fuck other male dogs if no female dogs are available.
mircea_popescu: artifexd perhaps because it's the only one that satisfies some other criteria we don't know about.
mircea_popescu: (and for the record, i'm not arguing that this would be a particular venue of attack, i am merely showing how my thread length/surface metaphore is much better than your lock/lockbox metaphor)
mircea_popescu: an infinite block size is worse than the "1st char of the md5" hash scheme i just proposed.
mircea_popescu: my point is that expanding the block size is not unlike shortening the hash length.
mircea_popescu: which is exactly why the hash power and the block size interact to create the chain cryptographical security
mircea_popescu: but an attacker with a lot of hash power could create two such blocks and then swap them in and out to create dead txn
mircea_popescu: in other words : the larger the block is, the easier for a collision to be found
mircea_popescu: but mircea_popescu is shorter than the original block.
mircea_popescu: should i claim thje actual block really was "Jesus hates blacks &^ faggots" ?
mircea_popescu: now, inasmuch as your blockhash is 3, how do you know the actual block (Women are not people.) is what hapepned
mircea_popescu: h(Women are not people.) = h(Jesus hates blacks &^ faggots)
mircea_popescu: we'll have to work at this. suppose your hash function is defined as the first character of the md5.
mircea_popescu: this is fundamentally what hashing does : it turns the problem of "cut this thread" into "cut this surface"
mircea_popescu: artifexd your lock metaphore is broken. the block size is the length of a square strip of material
mircea_popescu: let the people raise themselves up to it, rather than having it lowered to their present convenience.
mircea_popescu: generally speaking opening any one good thing to more people shittifies it.
mircea_popescu: buffett explains quite eminently why he doesn't want an accessibility of his stock in material linked yest
mircea_popescu: this entire accessiblity of bitcoin angle is overplayed.
mircea_popescu: but the securing of the chain is an expense external to them and easily externalisable
mircea_popescu: to wit, people have an incentive to mine large blocks fopr the direct payout
mircea_popescu: and no, it is not valid to pretend "block size should be set by the market", because of the problem known as the disaster of commons
mircea_popescu: the idea is for this system to be self sufficient, and in this sense there must always be a rarity of txn slots in blocks with regard to txns
mircea_popescu: if there are 10k slots made just as soon as there's 10k txns looking for a slot, you'll not see any fees.
mircea_popescu: if there are 1k slots and 10k txns vieing for a slot, you may see high fees
mircea_popescu: cryptography aside, there is the economic problem, : the only way to extract rents is rarity.
mircea_popescu: a doubling of the block size roughly quadruples the hash needed for equal security.
mircea_popescu: currently blocks are secured through the process of mining. the hash count per block is a rough proxy for its cryptographical security.
mircea_popescu: there are two good reasons not to increase it. one is that the larger the block, the more expensive its securing
mircea_popescu: well then here's the caper : it's beyond fucking stupid.
mircea_popescu: Neil so you believe the block size will increase. why ?