347400+ entries in 0.227s
PeterL: so should I do something
to it while it is running?
PeterL: does
trb debug.log grow infinitely?
☟︎ mircea_popescu: better investment
than chasing cephaloids' dubious fortunes at mit.
mircea_popescu: thestringpuller he's
technically correct,
they just stole it and delivered it, but anyway.
AdrianG: banks' software depends on
thousands of libraries written by random hobos
mircea_popescu: anyone in business will prefer
to write de novo rather
than audit
the dubious code of
the crowd of idiot kids gathered around
that buteriun dude.
AdrianG: mircea_popescu: people
tend
to re-use existing stuff.
mircea_popescu: AdrianG implementation is not per se valuable, for
the sad reason
that it is much cheaper
to write code
than
to read it.
thestringpuller: except ethereum assumes all individuals in a contract act as machines. Better yet why not make
them all machines!
AdrianG: thestringpuller: it differs in
that an implementation already exists.
thestringpuller: AdrianG: how does
this not differ from: "it works by ben_vulpes, sultan of brunei, and king of saud, sending each other pgpgrams with signed chits of how many
tonnes of plutonium each owes
the other."
AdrianG: and signing
the normal ledger, is just a small part, programmability gives you a lot more flexibility
to code business logic in.
AdrianG: PeterL: it would have nothing
to do with cryptocurrency ofc.
PeterL: <AdrianG> cryptographically signed
txn ledger will simplify parts of audits << why do
they need etherum for
this? just sign bits of
the normal ledger as
they are made, why do you need
to involve cryptocurrency?
mircea_popescu: of course,
the other way
to automate regulatory bs is
to ignore it until it goes away.
AdrianG: cryptographically signed
txn ledger will simplify parts of audits
thestringpuller: AdrianG: Yes but you are arguing for
trying
to
teach a sickly man
to learn how
to dunk a basketball.
mircea_popescu: take your window, on
the presumption
that you are currently located in a room with one.
this window of yours COULD be used as a door,
to a larger degree
than ethereum could be used
to anything.
AdrianG: thestringpuller: i never argued against
that.
thestringpuller: AdrianG: you're failing
to realize how
terminal
the system is right now.
mircea_popescu: this is exactly why all
the "oh, bitcoin needs x" "oh, bitcoin must or else Y will" bla bla is meaningless.
mircea_popescu: malformed, dysfunctional, self-contradictory, defeated propositions aren't better
than
the currently chosen broken one.
the broken one hasn't been chosen on
technical merit.
AdrianG: banks are drowning in legacy code. anything
that helps
them
to move away from it is useful.
AdrianG: mircea_popescu: i
think a programmable ledger has legitimate uses. unfortunately for ethereum holders,
those ledgers are going
to be private and inaccessible from outside.
thestringpuller: They said
that about Dib from Invader Zim and he obviously didn't amount
to much.
thestringpuller: Most Bitcoin VC cirus shows are like watching a very long episode of
the Profit without Marcus Lemonis.
thestringpuller: AdrianG:
there is sanity and insanity. You don't
try
to run a business with insanit expecting it
to function.
mircea_popescu: the only problem with
their "needs" is
that
their needs are a certain path
to
their own doom.
AdrianG: thestringpuller: as for bitcoin not doing what investors expect, ethereum can be shoehorned into
their needs much more easily
thestringpuller: AdrianG: if you are
trying
to extract fiat profits from Bitcoin, you've got some learnin'
to do.
mircea_popescu: heh,
the usg can't afford
to
throw away half a bil just for
this.
thestringpuller: mircea_popescu: guess
that's how
TaT made bank on
the ASICMINER scam.
AdrianG: i remember at
the peak of btc 2013 heights, litecoin was something around 11% of
the btc marketcap
mircea_popescu: like every fashion-driven scam, gotta keep ahead of
the wavefront, not sit behind.
mircea_popescu: AdrianG if what you aim is
to make money out of
the vc circus, you're very much in
the wrong spot.
thestringpuller: Bitcoin isn't yieling what
they have come
to expect, so lets
through fiat at Ehtereum and see what happens.
assbot: The woes of Altcoin, or why
there is no such
thing as "cryptocurrencies" on
Trilema - A blog by Mircea Popescu. ... (
http://bit.ly/1fsGWG5 )
thestringpuller: that's because investors seem
to be borderline scandalous
these days.
AdrianG: ethereum could have short-term momentum due
to investors interest, its far more preferable
to mention it in corporate pitches vs bitcoin.
punkman: terminal: just salty
that we didn't buy mp's cheap eth
☟︎☟︎ terminal: Why
the negative sentiment about ethereum here?
mircea_popescu: terminal well, get in
the wot and let us know how your
trade went as far as long
term gains.
terminal: I'm a software developer who is interested in
the ecosystem, I see a lot of practicality in ethereum. Mostly I'm just looking for longterm gains
assbot: Logged on 19-01-2016 13:40:52; *: adlai notes, as a humorous aside,
that someday
there needs
to be a rock-off between PeterL and PeterR
terminal: I'm a guy who's
thinking about buying a significant amount of ETH
PeterL: is
that
terminal as in cancer or
terminal as in computer, or as in
train station?
mircea_popescu: PeterL> y'all are a bunch of pansies, afraid of a bit of snow << ho i knew
took a (well earned) vacation
to morocco in
the middle of
the carpathian winter once. her fondest memory was
that
there was a
tiny bit of snow just as she got ou of
the bus, and everyone in sight was on
their ass. "they have no idea how
to walk on snow,
the africans!"
ascii_butugychag: and dc metro dept. pulls interesting
tricks - retains ~half
the staff actually needed so
that
the remaining can work mandatory overtime and earn ~200K-usd
ascii_butugychag: as for why
they'd close
the
trains, i cannot say except
that
the latter are in a historic state of disrepair.
ascii_butugychag: doesn't help
that d.c. roads are packed
to 110% even without any snow or rain etc
PeterL: just don't drink
the water if you are driving
through Flint
thestringpuller: PeterL: your roads are also
the worst
thing
to drive on ever.
thestringpuller: PeterL: You guys have more
than 1 snowplow for
the whole state.
ascii_butugychag: PeterL: normally. result is
that
the place is grossly underequipped for anything like reasonable snow, and
traffic grinds
to a halt
PeterL: what does DC get, like a half an inch at a
time and
they shut down? Up north here we don't blink at a foot of snow.
thestringpuller: ascii_butugychag: shouldn't you be at home. you don't want
to get stranded in
the uranium mines.
ascii_butugychag: (you need not only snow but rails
that aren't
traversed regularly)
ascii_butugychag: (no word on whether obamitler is buttoned up inside or went off
to
the
tropics)
mircea_popescu: kakobrekla since
the infrastructure hasn'\t been maintained in 30 years.
ascii_butugychag: i would have ignored it but
there was much noise about preemptive closing of
the
trains
kakobrekla: since when do
trains stop working if its snowing?
mircea_popescu: someone should someday write
the anthropological study about
the impact of katrina in
the media. it's when derping pointlessly about
the weather went from ridiculous
to social expectation.
ascii_butugychag: (there is supposed
to be a snow fall
tonight in
this part of
the world,
train stations will close, etc)
mircea_popescu: nevertheless,
the bit is in
the horse's mouth :
trb will be more read
than wrot.
mircea_popescu: from what i hear from people who'd know,
tis a common affliction.
mircea_popescu: ok but aren't
they intended
to be functionally equivalent by
the patch ?