375500+ entries in 0.129s
mircea_popescu: ;;everify freenode:#bitcoin-otc:fd5b35a2d2c684170319ac0b7d6e11bf98998e51958e5964a401066e
mircea_popescu: actually that's what i'd like to ipo : a telecom satellite launcher corp.
mircea_popescu: for that matter, we'll probably be launching our own satellites before there's any serious challenge to net neutrality.
mircea_popescu: on the brighter side, from what i hear in the larger cities you can already get point to point internet
mircea_popescu: i mean a similar argument could be brought that in somalia internet access is difficult, what with all the armed bandits
mircea_popescu: well conversely, i don't see the us as much of a point of interest anyway, it's on its last legs as is.
mircea_popescu: as long as there's ppl holding bitcoins, there will be a market to provide them with internet.
mircea_popescu: any isp is free to issue you whatever contract they want, and you don't have to take it.
mircea_popescu: whatever anyone could possibly throw at hte problem, bitcoin has billions soon to be trillions of vested interest.
mircea_popescu: ThickAsThieves amusingly, bitcoin resolves definitively the issue of net neutrality.
mircea_popescu: a polite way of saying it, as "he set her straight, sexually speaking" would be in english
mircea_popescu: adding to the amusement in romanian that verb basically means "to fuck"
mircea_popescu: if one of the strongest arguments in favour of regulation really is the perceived need for consumer protection,
mircea_popescu: foundations, conferences, is how discoveries are made in sciences too neh ?
mircea_popescu: ThickAsThieves i suppose i should put this up ion trilema too, even out the chances of teh populous a little.
mircea_popescu: i've had people spend 1000s of hours modelling this point, as it's the one most important point in all bitcoin
mircea_popescu: as long as those big corps don't actually have big btc, they aren't big corps
mircea_popescu: it DOES however threaten any one actor, and ESPECIALLY actors acting on deluded presumptions,
mircea_popescu: this will be a major resource black hole in the coming years, but it does not threaten the system itself.
mircea_popescu: and with "the network accepts it" as pretty much the only measure of good or evil.
mircea_popescu: this will aggravate over time, with miners and large merchants all pushing on the code,
mircea_popescu: 5. the situation has evolved in the exact direction i was expecting : absent a specification everyone is using their own in house concoctions.
mircea_popescu: this, obviously, is a very hard task. they, aware of their intellectual limitations, eschewed this task.
mircea_popescu: 4. at the right time (ie 2012) i pointed out to them that their only chance to maintain any semblance of relevance is to fully specify the code.
mircea_popescu: basically a collection of people with poor iq and worse skills, hanging on because they perceive this as sexy, and imagine hanging on makes them somehow important.
mircea_popescu: 3. once satoshi left the dev team never recovered. it's roughly what the linux dev team would be if linus left.
mircea_popescu: 2. people started using it anyway, because it was there. this is how things usually work.
mircea_popescu: 1. bitcoin was released as a prototype. that means something specific, and what it means doesn't include "to be used for any actual purpose". prototypes are there to test.
mircea_popescu: but anyway, rather than have you shoot in the dark, here's the story :
mircea_popescu: cause the credibility of the dev team is somewhere between nil and epsilon
mircea_popescu: however, wallets made by those versions won't see a significant chunk of actual bitcoins... likely ever.
mircea_popescu: it's possible that a significant chunk of users (by headcount) are on .7/.8 or w/e
mircea_popescu: as best as i can determine everyone is on some trunk from .4 to .6 with a bunch of in house patches
mircea_popescu: 2. i doubt anyone uses unpatched bitcoin code anymore.
mircea_popescu: well 1. payouts are done with a lot of human supervision anyway ;
mircea_popescu: Duffer1 it's impossible to accurately calculate the value bitcoin transmits
mircea_popescu: if you look at the stats, Confirmed bets: 7123 Confirmed total: 9,728 BTC
mircea_popescu: jamespeerless not moreso than the average site taking bitcoin
mircea_popescu: suppose i show up one day to find my gpg key was helpfully changed.
mircea_popescu: well i ain't changing that, but you should start your own troll school./
mircea_popescu: bonus points for firing acetone charged magnets at the sun to generate extra gamma particles <<< bwhaahahajh omfg
mircea_popescu: is probably going to make someone a few bitcoin down the road.