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mircea_popescu: fractal not really. they're one thing, not all things.
mircea_popescu: this is why our miners are asicminer and bitfury not intel and samsung.
mircea_popescu: this is why start-ups compete with them, and successfully.
mircea_popescu: what costs 100k to make on b row costs 10mn to make in hollywood. simply how these things work.
mircea_popescu: fractal you're confusing a) shoestring operations with intel and b) cointerra wityh someone that matters.
mircea_popescu: i've rarely met people capable of making others stupid just through contact, like gmaxwell is. some talent.
mircea_popescu: there's no way they can justify half a bn of expenditure.
mircea_popescu: fractal no dude. they would need, if they are starting right now, about half a billion in costs.
mircea_popescu: incredible how complex bitcoin really is. no wonder so many people try to prey on the innocent.
mircea_popescu: ok, im claiming i have a miniaturized woman that's 2 inches tall and shits little diamonds.
mircea_popescu: your 2th chips eat what, 500 watts per chip ? wehat is this, 1955 ?
mircea_popescu: 14nm is MAYBE 3x as efficient per gram of silicon as 28nm.
mircea_popescu: they need a 620 TH run delivered this second, or else a 1.2Ph run delivered in a coupla months.
mircea_popescu: fractal do the math. what'd it take intel to 50% the network right now ?
mircea_popescu: dude... it's clearly your attempt to anull 3d printing.
mircea_popescu: this would be equivalent to saying "let's change death so that people no longer can get killed by projectiles"
mircea_popescu: let's consider a similar case. if the 3d printer people could print guns
mircea_popescu: the entire thing is a ploy to try and take some control back from the people.
mircea_popescu: you CAN'T fab your own hdd+ ram+etc for a "normal computer"
mircea_popescu: the only way to make miners on your system is to buy parts made by corps.
mircea_popescu: fractal more important : there are dozens of people who can make their own miners as it is now.
mircea_popescu: a move away from sha would be a move away from free market and independece.
mircea_popescu: we DO NOT have the technoplogy to make "Average computers"
mircea_popescu: we already have in private hands the technoklogy to make miners.
mircea_popescu: if we fall for this poisonous nonsense, about six different governments can attack the network just out of spare parts they got laying about.
mircea_popescu: as it stands right now, any attack on the bitcoin network requires the attacker spend some dough on making chips.
mircea_popescu: as to whether we break bitcoin to make teh gobernmint happy or no.
mircea_popescu: fractal you do realise the devs don't get a vote, either, do you ?
mircea_popescu: jborkl yeah, all the shit he stole from people, and all the shit his friends stole from people.
mircea_popescu: basically diff explodes at an exponential rate and somehow people are concern-trolling about how there's not enough parts out or some shit.
mircea_popescu: we have absolutely no problem producing parts as it is now.
mircea_popescu: on the other layer, there's no particular advantage to any one structure of transistors.
mircea_popescu: what with gavin going on about introducing a server that can turn off transactions etc.
mircea_popescu: fractal there's two layers. on one layer, all this is roughly aggitation from a bunch of dishonest people trying to serve the interests of their political masters.
mircea_popescu: that's one sad turn of events tbh, they certainly impressed back in the fpga days when they figured out what old chips bfl sanded off to pass as their ip
mircea_popescu: what makes you think i'm not humble when you display the unmitigated audacity to pick numbers ?
mircea_popescu: midnightmagic seriously, how's the ethicalness going these days ?
mircea_popescu: you're not the only person, but you're wrong along with the rest of em
mircea_popescu: ThickAsThieves because while it could end up realising that power, odds are it won't. judging by the average iq and ability of people involved...
mircea_popescu: the mechanisms and physiology is quite different from the capitalist state
mircea_popescu: fractal this particular state-corporation ammalgamation is what historical fascism is known for economically.
mircea_popescu: it is a fascist state after all. uses statal corporations.
mircea_popescu: ThickAsThieves usacoin wouldbe implemented as a googlecoin
mircea_popescu: but yes, in a historical perspective this is correct, had it been a few decades late it'd have bnever vbeen possible as such
mircea_popescu: which there isn't, and so bitcoin is soon enough on this score.
mircea_popescu: the only way the state thing could seriously disrupt was if there were only one state.
mircea_popescu: fractal not really. people would keep their savings in btc and buy chinacoin/uscoin/swisscoin as needed
mircea_popescu: put 10 units of faith in your state chain and by that fact 14 into bitcoin
mircea_popescu: actually state sanctioned chains would make bitcoin worth more than the sum of all the chains just on that strength alone