391300+ entries in 0.157s
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
mircea_popescu: "o, we have a mandate fgrom the voters" "well, d othose voters hold any birtcoin ?"
mircea_popescu: which as a side point makes all the sec posturing rather lol.
mircea_popescu: not make a few million. fuckall cares. the idea is that the us president will take office upon swearing an oath to the conclave of bitcoin.
mircea_popescu: we're her to take over the world and reshape it drastically
mircea_popescu: which is how they ended up with btc in the first place.
mircea_popescu: they jhave no incentive to, as they already have more fiat than they know what to do with
mircea_popescu: i would guess group 1 median is somewhere in the 50k range. group 2 median probably about 80-150 btc
mircea_popescu: then there's ~100k people who have some dust, post on forums, what have you
mircea_popescu: basically there's a 1-200 people that matter, holding like 90% of all coins. there's ~10k people with modest holdings, doing another 9%
mircea_popescu: fractal large holders are part of the float as much as small holders.
mircea_popescu: there's not that much space, plenty of people own more than 10k
mircea_popescu: someone should send the labcoiners a digest list of glbse muppets hating mp back in like... august 2012.
mircea_popescu: but since you're here, link the pix to the other two ?
mircea_popescu: the thing is i know what doesn't work, i don't need to experiment to discover what's wrong with boiler rooms, wash trading, pump and dumps or all the rest of the "internet investment" stuff.
mircea_popescu: fractal i have a history, by now it's long in btc terms.
mircea_popescu: because the goal is to make bitcoin work, not to try and finesse a few coins out of the masses.
mircea_popescu: they'd certainly fail otherwise. so no, i'd just wait for them to die.
mircea_popescu: significant competition would participate in the same market, face the same constraints and take the same measures,
mircea_popescu: if random chinese asic manufacturers would help rather than hinder we'd be moving a lot faster, but even so, we're moving.
mircea_popescu: this is deliberate, helping the community professionalize.