log☇︎
540200+ entries in 0.337s
phillipsjk: Currently Bitcoin is testing whether a secure, networked application is even possible.
ben_vulpes: phillipsjk: you're aware that monero's an experiment, right?
phillipsjk: Well, thanks for the chat.
phillipsjk: That is the primary reason I am wary of Monero actually. 1 minute block|
phillipsjk: I always cringe when lusers on the forum brags some alt has faster "confirmation" times.
ben_vulpes: propagation of blocks over the network was at that time...weird.
ben_vulpes: once upon a time, blocks were of unbounded size
trinque: dude the average block size has to be what, 250kb right now?
ben_vulpes: yes, i said that.
phillipsjk: <ben_vulpes> anyways, block limit ain't going anywhere. it diddles important scarcity characteristics, and the system isn't even in steady-state yet.
fluffypony: phillipsjk: the 1MB limit is not to stop spam.
ben_vulpes: phillipsjk: the 1MB limit is not to stop spam.
punkman: phillipsjk: the 1MB limit is not to stop spam
phillipsjk: It has and will change. The 1MB block limit was introduced to stop spam. You seem to be more militant than luke-Jr who called Bitcoin gambling sites spam. You appear to call all "trivial" transactions spam.
punkman: did anyone try running phoundation's 0.6 ?
ben_vulpes: ERROR: ConnectInputs() : 2c2314f353 VerifySignature failed << that's familiar
phillipsjk: Well, I guess I have to read logs to learn your "roadmap"
danielpbarron: are we supposed to have read your post history on some forum while you have not read the history here?
ben_vulpes: anyways, block limit ain't going anywhere. it diddles important scarcity characteristics, and the system isn't even in steady-state yet.
phillipsjk: ben_vulpes, I have always assumed that if Bitcoin users commonly used Windows or IOS, we will learn that some major company had an "insider" push BItcoin stealing malware. (I think I mentioned that within my first 10 Bitcointalk posts.)
ben_vulpes: at this point, i'm seriously entertaining the notion that phillipsjk is 3 phillipinos frantically composing sentences that sort-of make sense in english
ben_vulpes: trinque: tell me about it.
trinque: you want to build your visa? build it on bitcoin, but don't systemd the thing and decide it must have a visa built in ☟︎
ben_vulpes: phillipsjk: the vast majority of people run winblowz and use iOS devices. are we to count them in our set of people who might use bitcoin someday?
trinque: all sorts of other financial instruments can be derived from bitcoin once the thing itself is safe
ben_vulpes: <trinque> get your forklift << not a bad analogy. preserving private keys is tough.
punkman: phillipsjk: the proposal is not to have 1MB block forever and ever
phillipsjk: The top 1% will be lucky to buy Bitcoin once per decade.
ben_vulpes: phillipsjk: proles will be lucky to buy a fraction of a bitcoin once per decade.
ben_vulpes: too bad he insists on waltzing in here and telling us about how the proletariat must transact in bitcoin several times per year.
danielpbarron: i feel like this confusion phillipsjk is having would be easily resolved by reading the log for 6 months or so :p
phillipsjk: How many transaction per decade do you expect people to need?
ben_vulpes: if you touch bitcoin, you are going up against the fiat state. end of story.
ben_vulpes: bitcoin is a store of value and a way to move money around without governmental interference.
trinque: and I'll do a goddamn million tps
phillipsjk: well, that would be about 0.
trinque: or hell, let me run trinquecoin from my laptop; I'll be the whole network
trinque: what TPS will the network do if it fails entirely?
trinque: phillipsjk: dem stats is not the fucking point
phillipsjk: https://dpaste.de/oUck Quadruple the numbers for 8TPS
ben_vulpes: danielpbarron: anyone who could hold bitcoin (in the sense of actually controlling their keys, robustly) should trivially be able to wield either credit cards or local fiat
danielpbarron: it's not that banks are bad; it's that fiat is bad. A bitcoin bank could work well. A service that holds bitcoin for you and lets you spend it with a debit card or something
trinque: ben_vulpes: better just finish that yerself
trinque: I'm at like 37% of rsync'ing leveldb turds up to the server
ben_vulpes: a table lol do mine eyes deceive me
ben_vulpes: i know no death and taxes
phillipsjk: Death and taxes made a table.
danielpbarron: how is that even a problem?
ben_vulpes: you've made no argument as to this 1e6 number.
phillipsjk: The problem is with 1MB blocks, Bitcoin will only be used for inter-bank settlements. Either that, or remain a niche. We are talking less than 1 million users world-wide.
ben_vulpes: even though all i can ever aspire to own in terms of vehicle is that crown jewel in the plastic bezzle crown (the honda element), i yet recognize those valuable scarce and uncounterfeitable things like bitcoin and well-husbanded women.
ben_vulpes: the 1mb line is about preserving that scarcity in the face of all who'd turn gold into paper in Schwabe accounts and make your dollar into ninety cents tomorrow.
ben_vulpes: bitcoin is a rare, scarce, unpollutable thing unlike everything else under the domain of the fiat tyrants.
Vexual: ross about to get sentenced
ben_vulpes: phillipsjk: well pipe down, read logs, learn something and then start derping about "power trips"
punkman: no tits
Vexual: that got elanors tits? punkman?
ben_vulpes: phillipsjk: the san-serif headers are kinda..bleh
assbot: Black Sails OST - The Golden Vanity (feat Doug Lacy) - YouTube ... ( http://bit.ly/1zCaiaV )
phillipsjk: Buy and sell BItcoin following the *letter* of the law. I am passive-aggressive that way.
ben_vulpes: Vexual: tunes, let's go
Vexual: what are you actually trying to do?
ben_vulpes: why'd i think that a thing you've dropped for 2.5 months would ever see any action?
phillipsjk has not worke on that in like 75 days months
ben_vulpes: i know you don't like the guy, but nuking his record? ☟︎☟︎
trinque: :( sad thought
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user muxne: Level 1: 0, Level 2: 1 via 3 connections. Graph: http://b-otc.com/stg?source=assbot&dest=muxne | WoT data: http://b-otc.com/vrd?nick=muxne | Rated since: Sun Jun 22 00:11:14 2014
ben_vulpes: don't make me finish this bottle aone, trinque
ben_vulpes: back to the deeds, you
ben_vulpes: no more than merely existing gives you a say in how the world works.
ben_vulpes: absolutely none of this qualifies you to have an opinion about block size. ☟︎
ben_vulpes: no need to summarize your *one* rating for me.
ben_vulpes: yeah no clearly i can read that much
phillipsjk: ben_vulpes, got imported from gribble. I trade with him
phillipsjk: ;;later tell mircea_popescu I sincerely hope the 1MB line in the sand is not simply a power-trip.
assbot: Trust relationship from user ben_vulpes to user phillipsjk: Level 1: 0, Level 2: 0 via 0 connections. | http://w.b-a.link/trust/ben_vulpes/phillipsjk | http://w.b-a.link/user/phillipsjk
ben_vulpes: phillipsjk: the last million transactions are probably by volume idiocy spawned by wallets that inhibit address reuse
trinque: ben_vulpes: hah yes let the banks imitate the fucking valley
assbot: Change The Bank By Importing StartUp Culture | Fintech by Bernard Lunn ... ( http://bit.ly/1I6i0kE )
BingoBoingo: <ben_vulpes> now i can't quite beat the thing senseless with my helmet as, well, ussa << disappeared into sack?
BingoBoingo: <asciilifeform> or let's have water polling bottle on what shape to be. <<Water is perfect for polling bottle of its volume
ben_vulpes: a glass of tinto left?
trinque: let me get the thing to publish once and I'll see if you're still up for a cig
ben_vulpes elbows trinque
asciilifeform off to indent a bed.
ben_vulpes: my toy bitcoinds, wedged.
ben_vulpes: now i can't quite beat the thing senseless with my helmet as, well, ussa
asciilifeform: exercise for student: when you wake up, think of six entirely factually-correct - but disastrously intellectually-crippling - models for some commonplace thing or other. ☟︎
ben_vulpes: and then proceeeds to march over to intimidate me
assbot: Permanently keeping the 1MB (anti-spam) restriction is a great idea ... ... ( http://bit.ly/1I6edUF )
phillipsjk: DeathAndTaxes on bitcoin talk made a detailed post explaining why the 1MB block size in not good for anything other than inter-bank transfers: https://bitcointalk.org/index.php?topic=946236.0 He estimetes 2-4 TPS basked on the last million transactions
ben_vulpes: <mircea_popescu> [] trinque actually they'll fight you, too. more than one woman got scared shitless of flocks of geese << this one time i was eating a burrito on the waterfront
asciilifeform: or let's have water polling bottle on what shape to be.
trinque: the reactive model of just firing up reading when there's some light to do it by is nice
trinque: BingoBoingo: or say I only read when the light is on
BingoBoingo: asciilifeform: What of lamps that monitor/diagnose issues with mains power, totally a query.
trinque: "new shit came to light"
trinque: lots of reasons treated by smarter guys than myself
asciilifeform: why, then, suggest it for a computer program?
trinque: select * from qntra; -- streaming version would give me new articles that occur after the query was begun