387300+ entries in 0.163s
mircea_popescu: Let me just say, so you know. They total amount you laugh at me in your lifetime for my beliefs, you will laugh at yourself when I float.
mircea_popescu: (what I thought would happen is they would kill me, bitcoin forum would take notice, world takes notice, economy collapses and society breaks down for a concert to be organized. I would descend from the sky, like a UFO and bring peace.)
mircea_popescu: "Dank, I had a dream that you returned to me the million dollars that I loaned to you in my other dream. "
mircea_popescu: The Tale of Dank, an autobiography explaining my life and helping you understand and believe in it.
mircea_popescu: random_cat seems to me it's not, in the sense dumping poison gas in tokyo subway ism't the usual fit vs unfit.
mircea_popescu: more like an extraction engine designed to encourage people to make trust mistakes.
mircea_popescu: brain cycles should be stolen. is how education works.
mircea_popescu: i don't think so. great opportunity for new people to learn shit.
mircea_popescu: asciilifeform "anyone". why does anyone trust the ipcc ?
mircea_popescu: Duffer1 burnside is in cya mode atm. i don't evaluate what he says from a different perspective.
mircea_popescu: Duffer1 the correct way to handle this was, of course, displayed long ago by mpex.
mircea_popescu: if type 3 is large enough we get a runaway reaction which is bad.
mircea_popescu: if type 2 is large enough the scammer ends getting a negative net before being mauled to shit by 1.
mircea_popescu: a good 90% of the "volume" is the scammer trading with himself. the remainder 10% is distributed among the 1-2-3 types.
mircea_popescu: some other people buy because they daytrade, that's what they do. these punish the hell out of the scammer by extracting btc from his shit.
mircea_popescu: asciilifeform well it's a little more complex. some people buy for the lulz, which is exactly the same process that sunk patrick harnett way back when : have someone with a small but definite investment that takes you to court and kills you.
mircea_popescu: well ehre's the thing : if the worshippers are irrational they're statistically as likely to blow you as they are to clobber you (by definition)
mircea_popescu: which happens to be the point of the entire exercise, after all.
mircea_popescu: kakobrekla : "or for that matter, someone doing 1 gh/s could solve each block from now on until the next olympic games. not too likely, but possible.". also subjective ? :D
mircea_popescu: it's just that i have limits to my paranoia. it's all very healthy overal.
mircea_popescu: and i say "because it's not possible to do" and their eyes glaze over cause i'm insane.
mircea_popescu: then random bystander is, "why didn't you make them clearer!!!"
mircea_popescu: it's a nitnoy thing, but you know how it is, bets get contentious after they resolve.
mircea_popescu: because signatures with a history have a value. my signature is oposable to me, i'm never going to share it for that reason. (miner than can go, hey, here's a contract you signedm, you owe me 10000 btc)
mircea_popescu: because signatures with a history have a value. my signature is oposable to me, i'm not likely to share it for that reason. (miner than can go, hey, here's a contract you signedm, you owe me 10000 btc)
mircea_popescu: it's that the miner getting it can then sign themselves all sorts of goodies
mircea_popescu: sadly, people want to participate in bitcoin without a clue of what's what, how it works and why it works that way.
mircea_popescu: for instance, if i were to sign blocks with my gpg signature the suspicioun would be misplaced, as it's not bloody likely i've shared my private key with some random miner to win a bet.
mircea_popescu: of course this problem wouldn't exist in the first place if people actually used gpg properly.
mircea_popescu: which i guess is satisfied as it's been plainly stated here.
mircea_popescu: i guess it is marginally valid, just as long as bettors understand the weakness.
mircea_popescu: if i offer a miner 1 btc per block to sign it for me, that's just 1 extra btc he makes, like the fees.
mircea_popescu: a bet of the sort "labcoin will sign at least X blocks in octomber" is weak however, because most miners don't sign their blocks.
mircea_popescu: or for that matter, someone doing 1 gh/s could solve each block from now on until the next olympic games.
mircea_popescu: but because of the way hashing works someone with 10 th could still fail the bet.
mircea_popescu: make your block read "no less than X signed blocks in between Y and Z dates", that is proof of hashing
mircea_popescu: hashing is not measurable directly. it is inferred. having a few blocks signed does not prove any particular hashing.
mircea_popescu: at least you could have left two spaces between ] and [ in that spot as a typo
mircea_popescu: in ten years the cus will be just as corruipt as banks today. they are being corrupted by the government.
mircea_popescu: the solution is to get rid of aml, and general govt involvement. not to destroy banks by favouring credit unions.
mircea_popescu: that's all fine and good, however, that doesn't make its argument any sounder.
mircea_popescu: guess why credit unions can afford to not charge the 5 dollar per account thing boa wanted to put in.
mircea_popescu: because that other dude can then murder you on rates and pretend like it's your fault.
mircea_popescu: well, it's not a matter that they feel. it's a matter of fact : if you pay more taxes than some other dude you're screwed
mircea_popescu: "In spite of controlling most of the financial assets and basically cornering the market on financial services, banks feel that the credit unions’ non-profit status does not allow banks to compete on a level playing field."