log☇︎
5500+ entries in 0.077s
ThickAsThieves: next youre gonna tell me that bitcoinpete isnt stoned-mp-blog-mode
ThickAsThieves: e
ThickAsThieves: suuuuuur
ThickAsThieves: mircea-popescu is now known as mircea_popescu
ThickAsThieves: hanbot@pdpc/supporter/silver/mircea-popescu
ThickAsThieves: i knew it
ThickAsThieves: hanbot = mp
ThickAsThieves: gasp! ^
ThickAsThieves: I remember getting 7 or 8 btc for my free XRPs
ThickAsThieves: Founder of Ripple is announcing he is dumping his XRP. Ripple crashes 35% and still falling.
ThickAsThieves: https://xrptalk.org/topic/2629-selling-my-xrp/
ThickAsThieves: before it relaxes
ThickAsThieves: probly go 550+
ThickAsThieves: thx
ThickAsThieves: http://members.jacksonville.com/news/crime/2014-05-20/story/jacksonville-police-will-knock-18000-doors-northwest-jacksonville
ThickAsThieves: studying economic system designs to better apply them
ThickAsThieves: yes princessnell
ThickAsThieves: how long it lasts
ThickAsThieves: and thus some definitions of properties of economies, with some epectation of each property's effect on a design
ThickAsThieves: maybe there is some distinction between properties of an economy, properties of human influence, and each acting as separate friction to the economy's lifespan
ThickAsThieves: and then this transfers into designs of systems, complex problem-solving, computer modeling
ThickAsThieves: just thinking out loud
ThickAsThieves: so maybe there are ideal or dynamic or codependent or viral economies
ThickAsThieves: a game of life kind of thing with economies as organisms or whatever
ThickAsThieves: what i'm working on, includes a suggestion that there are multiple types of economies, each with roles/strengths
ThickAsThieves: can you illustrate it in contrast to the physics point?
ThickAsThieves: right
ThickAsThieves: economies
ThickAsThieves: i dont think an economy can be perfect, because all ecomonies must die eventually
ThickAsThieves: I also take issue with "perfect"
ThickAsThieves: required*
ThickAsThieves: well, I see weaknesses in that it contains itself within each of its requires elements, and that there is aguably a lack of distinction between the punishment gazette and the forum
ThickAsThieves: princessnell, you mean mp's perfect economy theory?
ThickAsThieves: thx princessnell
ThickAsThieves: right, so it's basically trying to understand how physics echoes into economies
ThickAsThieves: it's enjoyable work
ThickAsThieves: but whatever
ThickAsThieves: it probably all boils down to something super simple, like a basic physics concept
ThickAsThieves: this began a common thread through other observations about bitcoin and systems
ThickAsThieves: and maybe just scratching the surface of something more applicable
ThickAsThieves: i felt that his theory wasnt complete
ThickAsThieves: required perfect economies within it
ThickAsThieves: 's theory for perfect economy,
ThickAsThieves: basically, since that day i was trying to prove that mp
ThickAsThieves: yeah i was bombarded with TRIZ on amazon
ThickAsThieves: ah
ThickAsThieves: already ordered the book :)
ThickAsThieves: thx
ThickAsThieves: jurov, foolish only in the way that Darwin was
ThickAsThieves: i line a repeated a few times at the bitcoin conference: "You can't remove trust from transactions, you can only design it to be where you prefer it"
ThickAsThieves: that you cant remove human traits from human things
ThickAsThieves: it's funny youre arguing something i normally argue
ThickAsThieves: but more like the science of systems
ThickAsThieves: it's hard for me to articulate succinctly
ThickAsThieves: i'm trying to approach it to extract more absolute observations
ThickAsThieves: i'm not sure i agree on those points,
ThickAsThieves: I guess i'll order that too
ThickAsThieves: someone else had mentioned Antifragile to me for some other reason
ThickAsThieves: not true at all
ThickAsThieves: ok
ThickAsThieves: which i have tendency to do
ThickAsThieves: i want to make sure i'm not inventing ideas someone else has already
ThickAsThieves: yes problem-solving is great category for what i'm aimibng for
ThickAsThieves: thanks i'll check out both
ThickAsThieves: basically theorizing about how all these things interact and how to best design them, thinking of decenttalization and centralization as order and chaos, as tools, not problems
ThickAsThieves: well anyone else is free to answer too ;)
ThickAsThieves: asciilifeform, i've been trying to write up some thoughts on abstract system design concepts, stuff in the area of mircea's perfect economy, systematics? dynamism, resilience, co-dependency, etc. Do you have any suggested reading?
ThickAsThieves: which also happens to be one of its weaknesses
ThickAsThieves: bitcoin does at least have a system for adapting
ThickAsThieves: even then bitcoin may beat "better" coins
ThickAsThieves: theyll probly come over time
ThickAsThieves: the logic and design of bitcoin may be elegant, but it must still live through the filter of everything else
ThickAsThieves: s
ThickAsThieves: this can go so many way
ThickAsThieves: etc
ThickAsThieves: or suppose it leads to blacklisting
ThickAsThieves: or ushered in another coin
ThickAsThieves: suppose it triggered other problems
ThickAsThieves: as good as dead
ThickAsThieves: it could be near-death
ThickAsThieves: having a large proportion of the money isnt a problem per se
ThickAsThieves: which could cause various problems
ThickAsThieves: well i'll be that guy and bring up satoshi's coins
ThickAsThieves: everything does of course
ThickAsThieves: they will all die eventually
ThickAsThieves: death*
ThickAsThieves: they may all have similar weaknesses, but not all die the same detah
ThickAsThieves: I think people like to forget that bitcoin has plenty risks to its life
ThickAsThieves: i thought i heard they made one
ThickAsThieves: doesnt nvidia have a suitable card yet?
ThickAsThieves: <+asciilifeform> ThickAsThieves: if ECDSA pops, afaik all known coins go with it /// lotsa ways to kill a coin
ThickAsThieves: we need altcoins so we know where to go when bitcoin dies
ThickAsThieves: and last I heard that was a losing proposition too
ThickAsThieves: unless you wanna run a AM franchise at least
ThickAsThieves: also, it's a pretty powerless board
ThickAsThieves: yes, i was on AM board, but that's falling a bit out of the context I was mentioned in
ThickAsThieves: with curating not looking all that enticing in the short-term
ThickAsThieves: well it's hard for an alt exchange, you either want to curate or support as many as possible
ThickAsThieves: <+thestringpuller> ThickAsThieves was a great mining representative but he exited the mining space. /// I dont think I ever represented mining in any broad way. Never sold or represented any hardware or tech.
ThickAsThieves: http://www.theregister.co.uk/2014/05/22/energy_economics_coal/