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mircea_popescu: asciilifeform actually, the application where you generate all bitcoin addresses whose private key is an ascii string
mircea_popescu: lol. i kept reading KRS : blabla, gotyawallet: blank line
mircea_popescu: i misread a blank line because your name is so long it bumps the table
mircea_popescu: BingoBoingo lol that got her well fuming. apparently it's some scammy thing that is trying to pretend like they're less scammy because they're associated with credible people, by the procedure of giving those people free shares they never asked for.
mircea_popescu: dub i suppose someone should tell them my henchman snackman was jus' trolling them
mircea_popescu: true to form the usual tard brigade took the bait, gmax and phantomcircuit << lawl.
mircea_popescu: verge, computerworld and the rest of the trade rags quite 100mn
mircea_popescu: bbc has it at 5mn (ie, 5k btc, which seems reasonable)
mircea_popescu: sooo... some sr contender nobody heard of had ~100k btc in its wallets ?
mircea_popescu: twist : snackman scammed mike_c by falsely claiming to have placed more bitbets
mircea_popescu: things like "some chick is crazy enough to produce a pic of a large wooden object stuck in her snatch" is one thing
mircea_popescu: if such things were a function of people's crazyness...
mircea_popescu: ironically because of scrypt, fpgas are actually a much better choice for ltc than asics
mircea_popescu: BingoBoingo i dunno that anyone will ever deliver ltc asics. putting all that memory on a chip is not trivial.
mircea_popescu: in fact, everyone evaluates their bitcoin exposure in terms of what their bitcoin holdings are. this is about half the story.
mircea_popescu: somewhere in there he failed to account for the fact that having kept his reputation intact for those two years is just about as valuable as having kept his bitcoins for two years.
mircea_popescu: he goes on forum as a week old and is shocked at how mean people are, telling him to do 6 motynhs + of reading before he opens his mouth again
mircea_popescu: two years later, he needs to be 1 year+ old to be even considered, because now bitcoin is 4 years old.
mircea_popescu: there's a lot of truth to it. let's lay it out : bozo comes in when bitcoin is 1 year old, can start a reputation within a week and be doing business within am onth.
mircea_popescu: that's pretty much the story of how we ended up with the insanity.
mircea_popescu: it was stretched past its usability into insanity by a desperate desire and need for stability. bitcoin doesn't offer much of that,
mircea_popescu: consequently, the first fpga's were pretty much a potluck affair
mircea_popescu: asciilifeform originally this started as a hobbyst project.
mircea_popescu: (dunno if that cognate works in somalian. to enstinken)
mircea_popescu: kakobrekla ya but then they went and inputsio'd all over it
mircea_popescu: receiving yes. but they pay from wherever is convenient.
mircea_popescu: not practical for a web wallet to allocate addresses to users
mircea_popescu: (as most wallets don't have any way to associate their payment system to their users)
mircea_popescu: also because if i sent the winnings to the address that sent the bet people would end up fucked if they sent from a wallet.
mircea_popescu: cause if 5 peopel sent from the same wallet to the same bet your identifiocation scheme would fail
mircea_popescu: you can but you don't want to, because this way people can send from webwallets or w/e
mircea_popescu: it's incredible how many people that got in early showed up late.
mircea_popescu: Duffer1 it probably has something to do with post communism.
mircea_popescu: ThickAsThieves` and you wanteds me to implement splines.
mircea_popescu: ThickAsThieves` what's wrong with just setting the weight end point to 80k or w.e ?
mircea_popescu: and having it graphical turned out to be insanely difficult.
mircea_popescu: we cut it out, because curve notation is more than the average person can grok mentally
☟︎ mircea_popescu: jamespeerless i'm trying to build bitcoin into an actual thing.
mircea_popescu: snackman except if the bet closes early, cause that means the weight was out of whack.
mircea_popescu: yesrly. kako and i have ~35% + w/e didn't sell of the 30% put on sale.
mircea_popescu: no cause he insultged my megalomania by claiming my troll counter is megalomaniac
mircea_popescu: BingoBoingo sure. the worst they can do is lose you some money.
mircea_popescu: i'm just saying, talking to random peeps on irc isn't stressing me, it's mildly enjoyable.
mircea_popescu: use your noggin for thinking : if my return from hanging out here were actually negative, i wouldn't or else i'd have you sent off.
mircea_popescu: snackman well you're poor and so can't afford the context.
mircea_popescu: mike_c yes, if you don't need to read more than 20 a month.