420200+ entries in 0.241s
punkman: williamdunne: well
tell us what it is
then
trinque: williamdunne: my point was simply
that "I could X as long as I find a rich guy
that wants
to help" isn't much of a strategy, much less so if you can't demonstrate upon meeting said rich guy
that you can execute
mircea_popescu: he has an inflammatory reaction
to particular
three letter strings.
williamdunne: ascii_field: Why would you assume
that
the difference is in
the KYC methods used?
assbot: Logged on 17-08-2015 20:07:29; williamdunne: jurov:
There is an existing market
that is missing a few areas, even within
the section
that is willing
to undergo KYC
mircea_popescu: (if you're an engineer
trying
to solve an engineering problem of some kind, i mean)
mircea_popescu: you get some backup,
they die out, end up with some money invested in you written off.
mircea_popescu: williamdunne 80% of deals work out exactly like
that irl.
williamdunne: trinque: Engine isn't
too complicated,
that'd be pointless
williamdunne: mircea_popescu: We'd already spent a bunch of
their money. It's left
them with no equity so slightly stranger
mircea_popescu: heck, someone came
to 1st conference
to demo an engine.
mircea_popescu: trinque
there's
tons of people who coudl demo a
trade engine. including a bunch of people actually in
the business, providing all
the fx doods etc.
trinque: but if he doesn't have
the money
to provide for
the financial aspects, kinda leads
to "why bother"
mircea_popescu: williamdunne don't be
too hard on self. it's unlikley
they'd have signed for actual deal.
trinque: mircea_popescu: figured he could write his
trade engine
thing and
then demo
that, but sure, it's probably
the smallest part
williamdunne: punkman: Had funding, one of
the other companies
they invested in when
tits up and so
they decided
to withdraw support from all financial services companies
they invested in. 10/10. My fault for not securing a deal where
that wouldn't happen
jurov: lol let him
talk about
the missing
tits
jurov: punkman:
that's actually
the only way
mircea_popescu: women also miss
tits on
their shoulderblades. it impedes proper
tango, but it might have good reasons behind it.
williamdunne: jurov:
There is an existing market
that is missing a few areas, even within
the section
that is willing
to undergo KYC
☟︎ jurov: williamdunne: where you got
the idea another KYC exchange will make any profit?
assbot: The news, in brief : "Hearn is a shitstain, MP is right, fuck reddit. Love, Satoshi" on
Trilema - A blog by Mircea Popescu. ... (
http://bit.ly/1Eyf7mo )
trinque: chick can't keep it
together
mircea_popescu: they're currently at a loss keeping all
the ones
they already have fed.
mircea_popescu: they'll refuse, and in
that you'll know what
the demand for more kyc bitcoin "Exchanges" is.
ascii_field: williamdunne: if i want
to send money
to usg, i can send it straight
to usg
mircea_popescu: williamdunne so call up nsa,
tell
them "hey, i'm another derpy kid
trying
to suck of your
tit, send me 10k ?"
williamdunne: An exchange, as per previous mentions. Unfortunately
though it will have KYC so mabbeh less interesting for people on #b-a, ofc
that's for ya'll
to decide
mircea_popescu: ascii_field of course
they are ?
they're after all
teh bitcoin users.
mircea_popescu: generally it's "the proof i am smart enough
to have small projects is i nthe pudding of how i have enough money laying around
to invest in
them". it's how people get redecoration done and
their hobbies financed.
ascii_field: mircea_popescu: basic problem is
that
the beneficiaries of bigger-block are not paying for
the cost of cannot-have-buried-node
trinque: williamdunne: write it up, and rewrite for a damned long
time.. or if it's code prototype it so you aren't just selling handjobs and smiles
mircea_popescu: williamdunne uh. mno ? what IS
the project,
that's where it starts.
mircea_popescu: the whole pogo
thing was a few k's.
this
thing is k's of btc
mircea_popescu: ascii_field still, i
tell you i don't see it. if
the bitcoin userbase legitimately makes > 1mb of
txn every 10 minutes, and if
the miners are willing
to indulge
them and mine
to
the degree
the ratchet kicks in, seems at best disingenuous
to say "you can't do
that because pogos".
williamdunne: mircea_popescu: step 1) create small side project
that
takes user funds, step 2) advertise on bitcointalk, step 3) steal monies for actual project?
mircea_popescu: williamdunne write something about puppies make a post on social media with links
to your "campaign" ? offer
things on bitcointalk ? convince me
to list on mpex ? i dunno dood, you're
too vague
to be helped yet.
jurov: williamdunne: advertise
them here?
williamdunne: Do you have any advice you would be willing
to share on raising small amounts of money for bitcoin projects,
that doesn't come from VCs?
ascii_field: not if
the capacity exceeds any legal block's weight.
mircea_popescu: looky, a fixed cpu situation will always yield
this problem
ascii_field: if it becomes possible
to have blocks
that selectively disable, e.g., pogo, enemy has a useful new capability.
mircea_popescu: if you end up with 2k actually full bloicks and
the state is now 1010000 bytes, you still can have blocks 50kb
mircea_popescu: ascii_field looky : blocks would only stay full if needed full. so our pogo is a piece of shit in
that case, you can't expect
them
to accomodate us.
mircea_popescu: kakobrekla in
that sense iot's a step above
the "magic number" stuff. not much, admittedly.
ascii_field: it is already close
to
the edge of keeps-up-in-realtime
mircea_popescu: whoops...
takes more
than
two years
to make it 2mb anyway. problem solved.
mircea_popescu: let's start with some assumptions :
that as is, pogos can survive for 2 years before
they fill.
that if blocks were
to be made 2mb,
they'd survive 1 year instead.
kakobrekla: yes i understand
this is a play on diff algo.
mircea_popescu: ascii_field let us calculate
the actual case of
the pogo, shall we ? as an exercise, mostl;y for my own edification.
kakobrekla: so
the load Atlas has
to carry will be determined by miners instead of code.
mircea_popescu: just... whence will
they scare up enough
txn
to keep filling up
thousdands of large blocks ?
mircea_popescu: i can certainly see
the argument in
this structural sense.
ascii_field: which means, he can spend $fixint and now ~no pogo is guaranteed
to work~
ascii_field: mircea_popescu:
the reason i consider ratcheting (and, ergo, growing at all) blocks
to be a situation of 'enemy can deal more damage
than he has
to pay for' is
that even if people pay per kB, ~actual machines are pots of finite depth~
mircea_popescu: the entirety of
this is "if people actually really really want
to see it growing", no more.
ascii_field: kakobrekla: see
thread. it was a monotonic-grow ratchet
thing
mircea_popescu: and yes it makes
the future worth seeing now. /me hopes
to oneday
trade marscoin for venuscoin.
ascii_field: but it brings interesting gedankenexperiment: picture
the usual mars colony
mircea_popescu: we're not discussing
that point, i already conceded i have nfi.
ascii_field: what
the hell is wrong with 1MB-until-heat-death-of-universe ?
mircea_popescu: this given,
the design proposed is a) expensive
to abuse and b) self-limiting, in
that
the larger you make
the blocks,
the more you have
to fill.
mircea_popescu: so a ratchet is necessarily, and indisputably, and by unfixable design
the only way
to do
that.
mircea_popescu: but
to get back
to
the ratchet
thing : it is both impossible and a very stupid idea
to have freefixing for bitcoin block size. because
the network is
trivial
to disrupt when it comes
to mining difficulty (by design and deliberately), it will guaranteedly be moved down
to 0 over
time and
the defense's necessarily
too expensive.
mircea_popescu: that explains it anyway, spain's got no gold in
the ground.
ascii_field: 'Stalin had his eye on
the Spanish gold because Spain had a mother lode of it.
This was owing
to
the fact
that
twenty years prior, Spain had been neutral in World War I. During
that war, Spain exported so much
to
the belligerents, without being able
to buy in return,
that it stacked up foreign exchange and
turned it in for gold.
The same
thing had happened across
the neutral nations, from Argentina
to Holland
to
the
mircea_popescu: iirc
that was ro's gold. whence did spain even have an ygold.
ascii_field: until deliverocalypse like stalin's 'spain will see
the gold like it will see own ears without mirror' or usg's equiv. for de, etc.
mircea_popescu: "they're not smart, like us,
to let
their cognitive wings spread free in
the intergalactic voids of abstraction"
mircea_popescu: "stupid
things stupid people
tend
to be preoccupied with".
mircea_popescu: delivery and washing dishes are in about
the same esteem.
mircea_popescu: irl, settlement's a paperwoirk affair and actual delivery is much disconsidered. as a
token of
the fact
that everyone involved would muchly want reality
to match
their representation
to
the degree of absolute identity. so
they desconsider
the later.
☟︎ ascii_field thought it was called 'settlement' when
two hawaladars or equiv. zero out
their
tally by finally moving
the gold (plutonium, etc)
mircea_popescu: it's not called settlement, it's called delivery. settlement is sitting down and agreeing
the paperwork.
ascii_field: and of course i was
thinking only of
transactions where physical motion of bars
takes place
ascii_field: ah if
tx is arbitrary knapsacking of n bar
types,
then yes
mircea_popescu: sometimes
they sell and sometimes
they buy on mkt
tho. with delivery.
ascii_field: hence user id ('address') is less
than 7 bits !
ascii_field: how many such vaults on planet 3? how many unique users? how often
transact?
mircea_popescu: i would guess
there's
to
the
tune of 1mn interbank PM physical
transfers a year worldwide. i don't
think i'm qualified
to answer either, but i will swear
to your benefit
the real figuree's closer
to 1mn
than 1k no prob.