424300+ entries in 1.529s
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
mircea_popescu: people like gmaxwell, hearn, luke etc are just dead weight
mircea_popescu: the problem is most of the people who think they're devs for no reason aren;t out yet.
mircea_popescu: most of the people who had bitcoin for no reason are out, thanks to pirate and the other scasmmers
mircea_popescu: by the sort of idiots that also broke the way bitcoind creates txns
mircea_popescu: dub for the arbitrarily stupid 250k block limit baked in
mircea_popescu: the network works fine with sd. what it doesn't work fine with is the appalingly poor quality of coding
mircea_popescu: this incidentallty shows clearly how misplaced all the sd trolling is.
mircea_popescu: "the poor aren't voting to steal from the rich because they've not been sufficiently explaining the benefits of theft"
mircea_popescu: <jborkl> the majority with money agree, the rest dont count << this guy is mircea_popescu
mircea_popescu: as soon as they start thinking they know what *should* be what
mircea_popescu: as long as people submit to natural law the take over the world.
mircea_popescu: the soviet union, the united soviets of america, the blabla
mircea_popescu: dub the only reason capitalism failed was because idiots with "should" abandoned it