552700+ entries in 0.379s
mircea_popescu: i never heard anyone seriously propose bb guns for
the job
mircea_popescu: mats i heard
that
theory more about
the .38 as a better suicide weapon
than
the .45
mats: whereas with a higher calibre it might just go straight
through.
TomServo: Rozal | I won't return anyones negatives <<
Turns out, not so much. On gribble's side of
the wot anyway.
mats: folklore claims
that
the round is uniquely deadly because it loses penetrating power after passing
through bone
the first
time, and
then just bounces around blending
the brain matter until it exits
the skull
mircea_popescu: davout it IS perhaps possible
to create some sort of equivalency
tables so
that "Hi
this is Bitcoinblock 1 with nonce 1456546456456456" and "Hi
this is Gavincoin with nonce 3489759348759834" hash-collide.
mircea_popescu: i mean, if you're going
to do it, why risk you just lose an eye ? survivors even after a 12 gauge shot exist.
mircea_popescu: mats and water can be quite healthy. doesn't make it
the cure for life
threatening conditions does it ?
mats: the round'll
tumble once it gets in
there.
mats: just ... don't shoot
the guy in
the forehead. put it in an eye.
mircea_popescu: The result will be a decrease in mining incentive, a decrease in mining, and ultimately all networks
that allow merged mining will become insecure.
mircea_popescu: ve
to mine will diminish. As long as a currency’s mining is merged with
the freeloading currency, it will be powerless
to increase incentives by imposing mandatory
transaction fees.
mircea_popescu: This will increase
the price of
the currency with
the lowest
transaction fee (because demand for
the currency is higher), and decrease
the price of
the currencies with higher
transactions fees (because demand for
those currencies is dropping as it is being filled by demand for
the competing currency). Because
the currencies with
the higher
transaction fees were
the ones generating
the incentive
to mine, overall incenti
mircea_popescu: y with
the lowest
transaction fees as long as it has
the same security of
the competitors.
davout: so, if i understand correctly,
the way
this
thing works is
that it attracts moar miners
through
the bonus mechanism, which in
turn contributes
to killing-off gavincoin amirite
mircea_popescu: Except now competing currencies can market
themselves as “as secure as Bitcoin but with lower
transaction fees.” In other words
there is a race
to
the bottom among competing currencies
to offer
the lowest
transaction fees, because lowering
the
transaction fee doesn’t hurt
the security of
the network in comparison
to
the other merged mining networks. Users, following
their own self interest, will adopt
the currenc
mircea_popescu: This means
that ultimately,
to
the extent
that currencies are interchangeable
to end users, merged mining does not increase
the overall security of
the networks.
The demand for currencies drives
the price (and
thus
the value of
the reward). Increased demand for any given currency results in decreased demand for others, lowering
the incentive
to mine for
the other currencies.
The
total incentive is a function of
total d
mircea_popescu: At any given
time
there is a certain amount of demand for a Bitcoin like currency
to make
transactions.
That need doesn’t increase with more competition.
That means
that
the
transactional demand for Bitcoin is really
the same as
the
transactional demand for all substantially similar forms of payment. As more currencies are competing
to fill
the same demand
they actually reduce
the demand for
the other currencies as
t mircea_popescu: check out dooglus (who isn't a gavin-approved economist, in spite of being exactly as certified&educated in
the
topic as
the random idiots a la Oleg Andreev et all) explaining economics :
BingoBoingo: mircea_popescu: Well,
that's what
the channel's for.
mircea_popescu: anyway,
that spec'll hafta be revised, but needs more
thinking.
BingoBoingo: Basically Bitch chain depends on
the Master chain.
mircea_popescu: better ways
to ruin scamcoins
than merge-mine
them doth not exist huh.
mircea_popescu: what happens is
that a hash of a block of
the lower chain is inserted in bitcoin blocks, and
then
the lower chain accepts
this as "just as good" proof.
mircea_popescu: i had
thought different chains had
to be forked
to mm because of
their different origin. but
that's not what happens in merged mining at all.
mircea_popescu: hm.
turns out i don't actually understand what merged mining actually is.
davout: i don't
think
the way you propose
to use merge mining actually works
mircea_popescu: i guess
this "merge mining' business needs moar looking into.
davout: the version is part of
the header, so
the solution for one header doesn't work for
the other
BingoBoingo: Well, it is once
the chains require different blocks because
they've forked...
davout: well, maybe if we sell it
to reddit as an opportunity
to increase adoption ...
mircea_popescu: BingoBoingo at
the point prior
to forking,
the only difference between
the
two is version.
davout: bertani: because if you need one of
the chains
to be somehow aware of
the merge mining you'd need a second hardfork after
the first block size related hardfork
BingoBoingo: ess gavincoin is also hardforking
to allow AuxPOW
BingoBoingo: <davout> mircea_popescu:
there is
this auxillary proof of work notion, "Not
to be confused with
the "previous block".
This is a block
that is structured for
the parent blockchain (i.e.
the prev_block hash points
to
the prior block on
the parent blockchain).
The header of
this block is part of
the AuxPOW Block in
the auxiliary blockchain. " << Basically
this is my understanding. Both Bitcoin's would insist on being
the "Parent" unl
davout: mircea_popescu:
there is
this auxillary proof of work notion, "Not
to be confused with
the "previous block".
This is a block
that is structured for
the parent blockchain (i.e.
the prev_block hash points
to
the prior block on
the parent blockchain).
The header of
this block is part of
the AuxPOW Block in
the auxiliary blockchain. "
BingoBoingo: mircea_popescu: Best I can
tell it's a nobody. But
they had a bunch of perfect ratings from
tiny
trades.
davout: so i don't really see how it'd be possible
to merge mine
two bitcoin forks
davout: so re
the merge-mining it looks like namecoin had
to be hard-forked
to support it
davout: mircea_popescu: also i read a bit more about merged mining yesteday and
today, especially how merge-mining namecoin came
to be
mircea_popescu: davout
tryin'
to work out a sync paradigm with nanotube
davout: kakobrekla: so are assbot and -otc's wots completely forked or is
there some sort of sync?
mircea_popescu: Rozal: despite showing humility, he refused
to remove his ratings - so I over reacted << is
this klye ?
mircea_popescu: Rozal: I apologize, yes im a big liar who got mad because cazalla messes up my perfect ratings << wut
the fuck going on
there ?!
mircea_popescu: "He was alone in
the apartment," prosecutor Viviana Fein
told reporters. "There are no witnesses." << probably
the best reason
to keep a harem ever.
mircea_popescu: i mean...
the circumstances are such
that he'd have been killed, and dunno yet if powder residue. literlaly nothing indicates a suicide.
mircea_popescu: "Everything indicates it was a suicide," Secretary of National Security Sergio Berni
told local
television. "We have
to see if gunpowder is found on his hands."
kakobrekla: >especially since storing user data as plaintext indicates
that
the group likely made further and still graver lapses in
technological and operational security.
assbot: Searching pgp.mit.edu for key with fingerprint: 155934BDD16E8EAF4493CB9CB36AE9849D961AC9.
This may
take a few moments.
mircea_popescu: In late 2013 Jorge
took an active interest in
the economics of cryptocurrencies. He became extremely skeptical about its underlying soundness and chances of success, and has been advising
the Brazilian public against investment in bitcoin.
mircea_popescu: true men aren't swayed by redditarded frenzy, nor by soviet pretense
to power.
mircea_popescu: "Iustum et
tenacem propositi virum non civium ardor prava iubentium, non vultus instantis
tyranni mente quatit solida."
thestringpuller: as you said on
trilema, "It's going
the way of
the sitcom"
thestringpuller: the kind of "more righteous
than
thou" crowd, but dressed up as hippies.
thestringpuller: social justice warriors are not very empathetic
to begin with.
mircea_popescu: empathy is
the fundament of all literature, for
the reason
that it's
the fundament of all humanity. but empty palaver doth not an empathy make.
mircea_popescu: i wonder why all
these derps ranting on and on about "empathy" never manage
to produce one. imagine a victim like
that.
mircea_popescu: but works, yes. "have fun for what it's worth, mister. your
time is short."
davout: "all your delights are belong
to
the mindful brief
time"
thestringpuller: "While it may, in
the case of
the delights of live happy. Live mindful of how brief your
time."
davout: much better
than google
translate
mircea_popescu: prolly Conington's got
the best version. "Then
take, good sir, your pleasure while you may. With life so short 'twere wrong
to lose a day."
mircea_popescu: ;;google how many cups of starbucks coffee in one gallon of
tide
mod6: lol, 17.09 with coupon, $17.99 retail price @
target
mod6: 4.43L
Tide = 17.09 USD
rithm: idk where i can buy
tide 50% off
BingoBoingo: Basically coffee gift cards are a sort of
tide USD
rithm: i live under a rock on
the internet
xanthyos: starbucks is popular enough
to have become a perfect money laundering system with
their gift codes
mircea_popescu: but obv none of
this has much if at all
to do with you or
teh starbux
rithm: coffee
to others is some
type of retarded status symbol
rithm: coffe
to me is
trivial
mircea_popescu: so giving someone a coffee gift card is like... "go fuck yourself" ? ie, let's have a cup of coffee but without me
there ?
mircea_popescu: just... coffee is
this
triviality, of no financial consequence. however, inviting oine for coffee is either sexual or whatever.
rithm: love
the starbucks
rithm: no not i
the female counterpart
rithm: you know what
they say about
things being
too good
to be
true right