424200+ entries in 0.122s
mircea_popescu: the girl hinted as much at some point arguing with the hearn&co idiot parade.
mircea_popescu: dub if bitcoin fucks up you bet your sweet life an altchain each.
mircea_popescu: there will be a dedicated box preparing the mempool for mine rigs in most farms
mircea_popescu: jcpham i bet you in 2013 we will have special mining software allowing miner to issue orders much like ip routing tables
mircea_popescu: dub i can calculate how many asics i need to have in order to guarantee my payments make it witin an arbitrary timeframe
mircea_popescu: so will pretty much every single service built on top of bitcoin
mircea_popescu: mpex needs assurance that idiots like luke-jr stay irrelevant.
mircea_popescu: think about it : i am going to get a mining cluster which i will run for purely strategic reasons
mircea_popescu: there is demand. come out with an inventory of asics you will sell 10-100k units in a month if you can actuyally deliver them.
mircea_popescu: when that hungarian scammer showed up it he was checked out the next day
mircea_popescu: and if you think people won't be buying asics at 1k a pop, let me tell you something :
mircea_popescu: dub no because the cost to be the top dog will have went from own 500 items worth 200 each
mircea_popescu: i am arguing that for every wanna-break the world kid / bank clerk who thinks he's a banker / duimbass kid who thinks writing "options" on a webpage makes him an options trader
mircea_popescu: so our miner putative market increased by a factor of 10k%
mircea_popescu: unsuirprisingly, they;'re mostly mental deffecrtive / weird / marginal doods.
mircea_popescu: there are MAYBE 1mn people in this world who have the skills to run gpu rigs but do not have gainful employment
mircea_popescu: there are at least 100mn people in this world who can spend 1k dollars.
mircea_popescu: it's just some people don't know how to account, and so the 5k "is free"
mircea_popescu: before the cost to play was, 200 bucks + 5k worth of computer competence.
mircea_popescu: instead of "he who has 200 dollars and spends his time f5-ing amazon and knows how to make fire hazard pics in his basement"
mircea_popescu: it will be a case of "he who has 1000 bucks gets a vote"
mircea_popescu: anyone can run an asic. so... que the end of that system.
mircea_popescu: it did use the cheap "anyone can run a gpu" fud tactic, but in fact it was as centralised as it can get.
mircea_popescu: it was based on the shaky foundation of marginal personal ability, cause running a gpu farm is a logistic nightmare.
mircea_popescu: people like gigavps, amazingrando, hashking et all had a disproportionate share of power in the ecosystem
mircea_popescu: in my estimation, asic mining wll be a lot more decentralised than gpu mining
mircea_popescu: it never existed to begin with. pseudonimity however is just as 100% as it always was.
mircea_popescu: mircea_popescu. more hardline than stalin. just... the other direction.
mircea_popescu: there's no room for the entitled poor in the new world.
mircea_popescu: the miners, the larger ones anyway, will be starting their own clients
mircea_popescu: if they don't follow i'm going to start my own devteam and fork bitcoin.
mircea_popescu: the correct syntax is !ticker m s.mpoe, but assbot is not talking to mpex atm.
mircea_popescu: rather than the incorrect dev attitude of "so don't do that!"
mircea_popescu: the idea is to take the correct dev attitude "o sorry we eat c0x. working to fix"
mircea_popescu: then again every practical use of prototype code will expose bad code