log☇︎
439100+ entries in 0.264s
mats: though on last check he seemed to be more likely to be aligned with gavin (bitcoin for the people, etc)
trinque: "they can have it if they do not break it"
trinque: dunno how someone who was paranoid enough to never speak his own name would allow gavin and company to crawl all over his greatest work
mats: or perhaps he reads the logs.
trinque: him staying silent during things like the blocksize "debate" speaks volumes imo
asciilifeform: not because it is impossible to devise improved mechanisms - but on account of the 'pascal's wager' involved
asciilifeform: at the risk of beating the record of mircea_popescu's pessimism on the subject of 'future bitcoin': i currently suspect that protocol change might be the proverbial 'stone so heavy, god cannot lift'
asciilifeform had a thought: possibly, if satoshi's stash were ~larger~ than it is, he could be considered 'beyond reproach' if he were to surface and propose a fork, on the logic that he could not stand to gain from any deception. but it still would not rule out usgification, or simple error.
asciilifeform: (i.e. there are probably not 5bn 'turkey-buying-capable' dollars on planet)
mircea_popescu: it's a minint in this game.
mircea_popescu: on that point can there be no debate
asciilifeform: and no $maxint pumped into the storage battery
asciilifeform: 'does not suck' today, i dare say, is a higher bar than in '09, when there was no bitcoin
mircea_popescu: otherwise, not even the us supreme court rules without a case.
mircea_popescu: trinque not that incredible.
trinque: it would be an incredible thing if the man has the keys and has shown this much restraint
asciilifeform: but suppose that it is something quite like bitcoin circa '09.
mircea_popescu: if his strange does not suck, you can keep talking about its strangeness all you want.
mircea_popescu: if his strange sucks, he has nothing to stand on.
mircea_popescu: this is the only legitimate way to resolve disputes.
mircea_popescu: satoshi could pop up, propose some arbitrary strange, and have everyone (everyone that matters, ie, with money!) presented with the dilemma : do they buy up the stash ? or do they move on to the strange ?
mircea_popescu: decimation i mean the original, end of 2014/2015 dispute, about "herp derp we'll raise the block limit"
asciilifeform: mircea_popescu: unless i misunderstood, your implication in earlier thread was that satoshi (in the person of his key) could pop up, propose some arbitrary strange, and have such carry weight on account of him being the famous satoshi
mircea_popescu: in the end, it reduces to "does he have the intellectual authority to bluff". well... do you have the intellectual authority to call it ?
decimation: yeah, but what market? the 950/1000 block rule?
mircea_popescu: on a tinier scale, just happened above re tesla, too.
mircea_popescu: <ascii_field> but this brings us back to the question of whether mr s has ~intellectual authority~ << intellectual authority is a very simple thing in capitalism. see it at work in how the "blockchain size increase" was tranched : once someone says "this is how much it costs", the derps willing to talk were separated from the people willing to pay.
decimation: the only american autos that 'actual people' buy are trunks
mircea_popescu: (plenty of fish being the 5th or so dating site sold in a decade, which "Dating site" is the twelfth or so wheel on the social media band wagon)
asciilifeform: thing is, gm/ford vs tesla is a 'best horse in the glue factory' contest
mircea_popescu: in any case, as a fun tidbit : the 2010 tesla ipo, first us carmaker ipo since ww2, came to half the recently reported plenty of fish sale
mircea_popescu: the alternative was also unpalatable tho. you don't want to engage in a bidding war with the dying gm/ford thing for their lasty remaining shred of relevancy
mircea_popescu: something liek that
BingoBoingo: <mircea_popescu> in retrospect, his going to war with the dealers sunk his car business. << Beware the trade guilds
assbot: Condé Nast's CFO Tried To Pay $2,500 for a Night With a Gay Porn Star ... ( http://bit.ly/1fOs1qT )
decimation: yeah, probably anything that will run through the pumps
decimation: but the abrams tank would burn jp-8 just fine
asciilifeform: (for worse? sure! where i live, what comes out of the filling station is 10% ethanol ~by law~)
decimation: you could also burn 'heavy fuel oil' in theory, but that's not a terribly great idea in a high reliablity application
asciilifeform: fuels haven't really changed (for the better) in a century.
decimation: sure, turbine burns kerosene just fine
mats: how about that. late 70s tech still keeping the lights on.
mats: >A kerosene-based fuel, JP-8 is projected to remain in use at least until 2025. It was first introduced at NATO bases in 1978. Its NATO code is F-34.
mircea_popescu: iirc the "ethanol jet" thing got canned
asciilifeform: iirc same thing everyone else burns
asciilifeform: anything involving gaseous h2 is the archetypical 'assembly line for ph.d.'
asciilifeform: fueling up jets from seawater + nuke plant, was the notion.
decimation: if you wanna waste electricity like that, might as well just split water and use hydrogen
asciilifeform: usg actually had (has?) some chick leading a crackpot mains current to hydrocarbon (yes, electrolysis + oddball catalysts) mega-wunderwaffen dept. in the navy
assbot: Dinorwig Power Station - Wikipedia, the free encyclopedia ... ( http://bit.ly/1HTskGR )
decimation: yeah, as in pumping to high lake and draining when needed, like this plant: https://en.wikipedia.org/wiki/Dinorwig_Power_Station
asciilifeform: and the water - doesn't wear out after 200 cycles
mircea_popescu: in retrospect, his going to war with the dealers sunk his car business.
mircea_popescu: that's exactly detroit electric volume touched up for the intervening century.
decimation: trinque: they also rely heavily on subsidy
mircea_popescu: anyway, yes they produce cars, and the model s sold a whopping... 75k units
trinque: hilariously, these would be useless during the rainy season
decimation: thus appealing to the kinds of people who want to store electricity but don't care about how much things cost
decimation: yes, note that this battery system costs many times more than lead-acid
mats: they are massively overvalued right now and i would not be interested in taking the other side
mircea_popescu: catering to different expecations, yes, but anyway
mircea_popescu: asciilifeform just as ellaborate on the other side.
mircea_popescu: mats the offer stands, you know.
asciilifeform: mircea_popescu: these are sop in the orc world, ru being perhaps the absolute epicentre. but in usa they are especially lulzy on account of the elaborate presences of 'doing business'
decimation: mats: ?? they have dealer rooms?
mircea_popescu: kept getting 3-500mn/year after that
mircea_popescu: romania has a bunch of these "intreprinzatori de carton", ie, cardboard entrepreneurs. one notable case (currently in jail) got to keep ~2bn worth of romanian govt money in 1989, on condition of supporting his friends.
mircea_popescu: some earthworms find incredible caches of forgotten artefacts. doth not qualify them as archeologists.
assbot: Mazut - Wikipedia, the free encyclopedia ... ( http://bit.ly/1HTrt98 )
asciilifeform: re: oils: was very surprised to discover english (!) piece, https://en.wikipedia.org/wiki/Mazut
mircea_popescu: the substantial difference between the subset here named and the rest of the set consisting of various reddit experts and your spamming friend has nothing to do with them
mircea_popescu: msot of them do, yes.
asciilifeform: 'wouldn't do', to have royalty besmirched thus
asciilifeform: yet no matter what these folks do, they never seem to end up begging for change
mircea_popescu: he's the business world equivalent of a russian prison whore.
asciilifeform: 'if he's such a moron, why does he sleep ad libitum and has no fear of having to do honest wurk'
asciilifeform: sorta the converse of the usual 'if yer so smart, why aitcha rich' line
mircea_popescu: that's the mark of idiocy.
mircea_popescu: a man batting < 1% is certainly not possessed of a clue in the field.
decimation: but the economic prospects appear highly dubious
asciilifeform: mircea_popescu: musk is different in the sense of not running the usual 'populist' chumpatron
mircea_popescu: this is the case of all us "entrepreneurs" active today.
decimation: he's figured out how to sell 'dreams' in exchange for usg subsidy and hype
mircea_popescu: (exactly the hipster car of today, incdentally. marketed to women and doctors, had curved glass panes, etc)
asciilifeform: late in the game, too
mircea_popescu: there is good reason to build a universal engine into a tank intended for 1950s style attreition war.
asciilifeform: which burns, iirc, ten litres, just to start
assbot: Logged on 17-07-2015 03:03:55; mircea_popescu: there are some "universal fuel" power generators, mostly marketed to end user derps
asciilifeform: http://log.bitcoin-assets.com/?date=17-07-2015#1204022 << the ultimate such is said to be... 'abrams' tank. ☝︎
mircea_popescu: anyone wanna enter into a tesla stock swap with me /
mircea_popescu: soo... imo musk's electric car has failed to reach the sort of growth patterns and penetration goals it needed to survive. it therefore peaked sometime last year, and it will go the same way all the numerous attempts at an electric car since the 20s have went.
decimation: this isn't really true in areas that have no advanced refining available
decimation: the net effect being that the amount of 'heavy fuel' (bunker b and c) has shrunk compared to old process - making it more expensive than just using diesel
decimation: it seems the real problem with burning crude or heavy fuel oil is that if you have enough civilization to refine the oil, you can make it into much more profitable products
BingoBoingo: They still run through the middle of my countryside, still belch foul shit
assbot: Union Pacific GTELs - Wikipedia, the free encyclopedia ... ( http://bit.ly/1fOmIro )
decimation: https://en.wikipedia.org/wiki/Union_Pacific_GTELs < us railroads used to run these right through the middle of the countryside, belching foul shit
decimation: because of all the solvents and other shit in the oil
decimation: well, a turbine can burn anything. but it's true that if you are burning raw crude it will foul your turbine and require much more maintenance
mircea_popescu: in any case the generality comes at an efficiency cost.