379000+ entries in 0.113s
mircea_popescu: ThickAsThieves this isn't rapunzel, this is snowwhite.
mircea_popescu: allow expanding of blocks to arbitrary size, keep only most recent X blocks, suddenly you can compete with visa.
mircea_popescu: one of those "very clear even if minor improvements over bitcoin " could well be devising a method so only a rolling window of the blockchain needs to be maintained.
mircea_popescu: was one so bad in the 70s about a fifth of the capital died.
mircea_popescu: yeah. i live in a part of romania where there never was a quake.
mircea_popescu: i guess there'd be a little gamma from the rebars, but really, they insulate quite well.
mircea_popescu: actually the soviet style fully concrete stuff is great for in case of nuclear bombing
mircea_popescu: houses here mostly consist of concrete foundation + brick (or cellular concrete)
mircea_popescu: there's never been a fire here. most everything is concrete prefab
mircea_popescu: (this happened recently, and the city got stuck with placing the people somewhere)
mircea_popescu: which includes shit like, gas leak explosion cause old alzheimer sufferer that didn't get taken to a home and lived alone forgot the stove on
mircea_popescu: but people expect the govt to rebuild their house or give them a new one in case of natural disasters
mircea_popescu: they introduced a mandatory ~15 dollars/year here a few years back and people werer about to riot.
mircea_popescu: you know, i took about 8 lbs of various coins to the bank, fully expecting them to bitch
mircea_popescu: most everyone i talk to wants to go in a la hruschev, shoe on table, "this is how much the shares go for"
mircea_popescu: pascal2571 i guess people don't trust in the market's pricing abilities.
mircea_popescu: because not enough parents have stepped on disjointed metal parts enough yet.
mircea_popescu: asciilifeform you'd need a blockchain for workfunctions.
mircea_popescu: nubbins` you got something there. gotta burn that electricity!
mircea_popescu: pankkake an altcoin would work well if it satisfied 3 conditions : 1. very respectable core dev team ; 2. very clear even if minor improvements over bitcoin ; 3. lattice-based or otherwise complex algo not easy to asic.
mircea_popescu: nubbins` doing it on one coin didn't work out for burnside too well.
mircea_popescu: quoth very frustrated bitbet mod : "i will not be the least bit surprised if i find the motherfucking penis length and girth of all players in this pile of non-stats befoar i find which freaking games they won."
mircea_popescu: asciilifeform they suck up a lot of electricity, and the altcoins have a pretty soiled rep.
mircea_popescu: this isn't even deflation, it's a scourge yet unnamed.
mircea_popescu: nah, fluency is a major problem in bitcoin, and will aggravate. in 2012 about 50% of coins mined were in circulation.
mircea_popescu: not that it makes any diff. 180k isn't happening in 2014. i'd rather believe $1mn bitcoins.
mircea_popescu: even now 90%+ of the coinbase is hauled up in matresses.
mircea_popescu: that's the funniest thing i heard all day, by 2014 volumes in 10s of btcs will be something to write home about
mircea_popescu: jcpham what, you're thje one miner hitting the green ?
mircea_popescu: with the diff going the way it's been, any miner out there has been bleeding money.
mircea_popescu: there isn't much of a 2ndary market gouing or is there ?
mircea_popescu: how do you calculate market value for mining gear anyway /
mircea_popescu: o i remember this thing, it was originally waiting for deliveries for a while.