346600+ entries in 0.149s
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 ?
mircea_popescu: Neil: I'm definitely in the top 3 bettors on bitbet; wouldn't be surprised if #1 by amt of BTC bet. Scary. << how much is that ?
mircea_popescu: ;;later tell Chris_Sabian i wouldn't be too worried about it. 2013 made bitcoin, it's a cut deal.
mircea_popescu: the20year you can end up with a tv show on top of everything, maybe put a little effort into it, curate a youtube channel, do some blogwork/outreach
mircea_popescu: ;;later tell mike_c he has good points on the topic. then people wonder why he wasn't ever a topic of study by acaemia. which academia, the one that subsits on ex hedge fund manager alumni bequests ?
mircea_popescu: asciilifeform except men can't piss in the company of womenz generally speaking
mircea_popescu: that a romanian is sitting here laughing his ass off ?