56900+ entries in 0.329s
fractal:
mircea_popescu: if you follow the inevitable logic -- the entity with access to the smallest manufacturing process will control a PoW such as SHA256. There is 1 entity who always has the smallest fab process -- Intel.. they can do 14nm and put the rest out of business. They won't until the US Government asks them to, or until mining is worth $5B / year or so to make it worth it
fractal:
mircea_popescu: some devs expressed the same sentiment as me regarding botnets
fractal:
mircea_popescu: also, Dan Kamisky thinks the SHA algo will be replaced due to centralized mining --- he seems to be a pretty smart guy ;)
fractal:
mircea_popescu: I understand that custom hardware could be build for any algo, but my goal would to make it not cost-effective until the coin had a market cap of say $100B
fractal: hahahah you gotta love
mircea_popescu's confidence ;) i actaully love seeing MPOE-PR posts on the forums and the rage replies.... although it will only work as long as he's right about everything ;)
fractal:
mircea_popescu: yes, but the actual impact of it is mostly overblown in americas case.... its mostly a laissez fair keynesian capitalist state
fractal:
mircea_popescu: maybe... it will be interesting to see how it plays out in a few years. i predict the US minting virtual currency is a certainty at some point
fractal:
mircea_popescu: yes, due to sheep using it
fractal:
mircea_popescu: hahaha amazing response.
fractal:
mircea_popescu: right... so rich fiat btc users will hold , and poor btc users who mined will sell
Anduck:
mircea_popescu: there's nothing to comment in that pastebin. it's all just facts and how the bet is
Anduck:
mircea_popescu: i just want the bet to be resolved correctly :)
fractal:
mircea_popescu: i've always thought that becoming my own competition is the best way to provide the most efficient service to a market...
fractal:
mircea_popescu: why not start a btct.co type site using your backend code? ;) you can own the small-fish market and big-fish
fractal:
mircea_popescu: if significant competition comes around would you adjust to the market?
fractal:
mircea_popescu: have you ever thought about lowering your fee to join mpex? maybe you'll get more volume/make more in fees?
fractal: hey
mircea_popescu , what do you think of just-dice.com ? very impressive IMO.
fractal:
mircea_popescu: i agree.... thats why law is a difficult field
fractal:
mircea_popescu: right -- i meants the 2nd laptop comes with a power cord also
fractal:
mircea_popescu: but your first laptop+brick as a UNIT wasn't at specs
fractal:
mircea_popescu: So, 1 UNIT would be what was required to operate the original laptop at advertised specs.... if the company sent you a 2nd laptop to make up for the fact that your first laptop wasn't good enough -- you received 2 UNITS
fractal:
mircea_popescu: depends what your definition of unit is, i suppose.... i think most people would say its one unit.... but if there were 2 laptops, because the first laptop wasn't fast enough, it would be 2 units
fractal:
mircea_popescu: you're splitting hairs now i think ;)
bobbabad_:
mircea_popescu: so you seriously believe that "Your entire "asset" (Labcoin) consists of Burnside pasting fake trades to create an illusion of interest"..
fractal:
mircea_popescu: its attached
bobbabad_:
mircea_popescu: I get you the two of you like to cause drama and stir the pot... but with posts like that you both just looks like assclowns
Anduck:
mircea_popescu: what's your opinion about the "5 delivered orders"
bobbabad_:
mircea_popescu: is it you or is it someone working for you/mpex?
fractal:
mircea_popescu: maybe the deciders will read these logs and the conversation on the page and be influenced
Anduck:
mircea_popescu: yeah, true. but that the bet shouldnt be failed due that.. they're all same modular cards that the mining unit is built from
fractal:
mircea_popescu: which I think would make it a conflict of intrest for him to debate it -- I think 3rd parties who are neutral should strictly look at the language -- otherwise he can just say 'oh, thats not what i meant!' and fuck over the NO bets ;(
fractal:
mircea_popescu: he claimes he wrote it
Anduck:
mircea_popescu: what if nobody ordered one?
Anduck:
mircea_popescu: how about if a 400gh unit was shipped this week but not delivered?
Anduck:
mircea_popescu: 25gh or 400gh
fractal:
mircea_popescu: so you suggest cancelling bet buy betting on the other side ... the weight is too low though ;) i dont have enough BTC ;(
Anduck:
mircea_popescu: true. but we don't know was the first orders (that were shipped this week) including a 400gh miner. but it's proven that it does work if one actually bought one
Anduck:
mircea_popescu: 25gh sold for 1000 euros
Anduck:
mircea_popescu: there is an example of 400 ghash unit but it was a demo, not delivered unit. but that can be delivered if anyone bought it. it's the same m-boards and h-boards.. just enough of them to make the hashrate of 400gh
fractal:
mircea_popescu: i'm reading the bet cancellation policy link now... thanks
fractal: jborkl: I asked
mircea_popescu this question , in the logs he said he'd like to see proof of a 400Gh unit as well as a 25Gh unit ... i dont have logs tho
Anduck:
mircea_popescu: can the bets be canceled, then?
fractal:
mircea_popescu: no, i'm not..... can both sides agree to cancel the bet?
fractal: Anduck: if i recall logs correctly,
mircea_popescu stated a 400gh device would have to be proven.... i'll have to check logs again tho.
Anduck:
mircea_popescu: the thing bfsb sold
Anduck:
mircea_popescu: will there be needed a 400 gh unit delivered?
Anduck:
mircea_popescu: it doesn't really matter since the customers get what they were promised. and in the future they might be able to turn their miners for even powerful miners with software update
Anduck:
mircea_popescu: theyre underhashing most likely due to the quality of the fab and software
Anduck: well
mircea_popescu.. wasn't that kinda clear? if there's no cap of s.dice at mpex, it's same as zero cap
Anduck:
mircea_popescu: when s.dice dropped out of MPEX, the value was considered zero?
Anduck:
mircea_popescu: that log you linked is about the s.dice vs s.mpoe bet?
fractal:
mircea_popescu: becaucause he could ship as much hardware to make up for it -- provided the power usage was low enough.... but I placed the bet based on Power usage AND hashrate in a single self-contained UNIT
kleeck:
mircea_popescu, I rather enjoy what is coming of it.
fractal:
mircea_popescu: right.... but in fairness, the bet doesn't say that the manufactuere can miss hashrate performance on a single 25Gh board, and ship more to make up for it!
fractal:
mircea_popescu: yeah thats it...
mircea_popescu: Aug 27 17:28:43 <fractal>
mircea_popescu: just double checking.
mircea_popescu: Aug 27 17:28:25 <
mircea_popescu>fractal seems pretty clear cut neh ?
mircea_popescu: Aug 27 17:26:54 <
mircea_popescu>(25 GH/s unit 40W, 400 GH/s unit 400W)
mircea_popescu: <fractal> Anduck: I came in here specifically to ask
mircea_popescu and he said that a 400Gh 'UNIT' must exist --- based on the math, it can't <<< which snippet is this ?
fractal: Anduck: I came in here specifically to ask
mircea_popescu and he said that a 400Gh 'UNIT' must exist --- based on the math, it can't
kleeck: I disagree
mircea_popescu. I understand that there are situations, like this one, but there are ways of being more clear and less clear. Therefore clearity exists even if on a spectrum..
fractal: Anduck: yes. What the bet actaully SAYS matters more then statement -- I specifically came in here 2 days ago to ask
mircea_popescu specifics about this
Anduck:
mircea_popescu: just a question, how much do the semantics affect the bet outcome?
fractal: Anduck: not according to
mircea_popescu's comments 2 days ago.
fractal: Anduck:
mircea_popescu himself stated that it needs to be 400Gh AND under 400W. I have chat logs. it was from 2 days ago.
fractal: Anduck: Words are words. No 400Gh miner exists.
mircea_popescu stated that one has to be posted to the forums as a confirmed delivery. the only way this bet can be a yes at this point is for someone to lie --
fractal:
mircea_popescu: the bitbury architecture is modular -- inside the 400Gh miner case, there is a M-board with 16 slots on it -- each M-board is only hashing around 20Gh, as per punin's admission. ... therefore the maximum hashrate inside a single self-contained unit, or device, is 320Gh.
fractal:
mircea_popescu: can you fwd a link for that? nobody on the forums has a single board above 25Gh.. they're all running around 19-20Gh.
fractal:
mircea_popescu: If noone posts evidence of a 400Gh unit then the bet is a NO. correct?
TradeFortress:
mircea_popescu, ok, I guess I did a bad job explaining the changes cuz you don't get it
thestringpuller: the funny thing
mircea_popescu is people believe you exists on the forums, even though you never post there
thestringpuller:
mircea_popescu: are you kidding? I would tap a 35 year old over a 20 year old any day of the week.
Duffer1: oh
mircea_popescu you have Diablo-D3 on ignore :P
thestringpuller:
mircea_popescu: "skin it and make yourself a nice invisible helmet (or perhaps a kettle shaped cod piece) to proudly wear while promenading around the only tree."
thestringpuller:
mircea_popescu it's neat but how will models be deployed to clients
ystarnaud:
mircea_popescu: I meant according to forums haha
taub:
mircea_popescu: WAR PROFITEER
dub:
mircea_popescu: heh, your article posted in AM thread, crash ensues
benkay: oh, c'mon
mircea_popescu. she *had* to finish her term, it's how the establishment legitimizes its selection of minorities to hide their nefarious backroom dealings.
dub:
mircea_popescu: you're wrong
fractal:
mircea_popescu: and if noone posts them?
fractal:
mircea_popescu: "Devices must meet advertised performance (25 GH/s unit 40W, 400 GH/s unit 400W) " will people have to post kill-a-watt readings to confirm this?
fractal:
mircea_popescu: ok thanks.
fractal:
mircea_popescu: " will ship their 25 and 400 gigahash mining units before september 1" I take this to mean that if only 25GH units are shipped, or vice versa, the bet will end in NO, correct?
jcpham:
mircea_popescu MURICA about to regulate the shit out of the bitcoin
fractal:
mircea_popescu: you'll lose idiots as customers
fractal:
mircea_popescu: right. So, a big red sign that says 'expected payout if the bet were to close now'