asciilifeform: virtually nobody dredges through a chumpnet's entire accessible data set, on account of this being very much like actual work.

asciilifeform: BingoBoingo: traditionally 'ransomware' doesn't exfiltrate

asciilifeform: gotta love these idiots. when'll somebody edit, rather than simply wiping, the case files ?

asciilifeform: BingoBoingo: missing link in there?

asciilifeform: it's of more use to me as a scientific toy than as a few new tires for car or a dozen spare disks.

asciilifeform: apologies if i've given someone, somewhere, the strange notion that i'm interested in parting with my microscopic collection of btc.

asciilifeform: let's put it this way. a pile of usd without at least seven or eight decimally-significant zeros trailing after it, would make absolutely no difference to how i live.

asciilifeform: other thing is, i don't have enough to sell, and present exchange rates being, to really notice the resulting pile of usd, even if it could magically land in my usd piggy without official attention.

asciilifeform: jurov: i'd be charged tax, most likely

asciilifeform: jurov: if bezzle usd, then it's on the radar.

asciilifeform: last farmer's market of the year on my street is tonight, and i shall be buying a few tomatoes possibly with it

asciilifeform: jurov: except that i can't use paper usd for anything

asciilifeform: can't imagine i'm the only one, though.

asciilifeform: afaik this here is the only place you'll hear the argument.

asciilifeform: so sorely missing from bitcoin from the point of view of the enemy.

asciilifeform: bip64, aside from complicating the protocol and giving relevance to the gavin shitgang, is also a jam-tomorrow chumpatronic engineering structural element ☟︎☟︎☟︎☟︎☟︎☟︎☟︎☟︎☟︎☟︎☟︎

asciilifeform: alice in the looking-glass, famously is offered 'jam tomorrow and jam yesterday -- but never jam today.'

asciilifeform admits that he suspects bip64 of being a plot to create usg-like bonds in btc. folks will be asked to trace X proper btc for X+epsilon 'locked' ones that are to land back in their pocket 'in the future', should they live long enough, but are actually recovable 'because this is how the world works' ☟︎☟︎☟︎☟︎☟︎

asciilifeform reads the thing

asciilifeform: if a critical mass of ntp servers (e.g. the u.s. hierarchy) is pwned, there go your timelocks.

asciilifeform: which is not something that currently afflicts node operators

asciilifeform: the other, unrelated point about the timelock business, is that it introduces an incentive to monkey with timekeeping

asciilifeform: what does the 'lock' prevent the enemy from doing, that he could have done otherwise ?

asciilifeform: you want the btc network to be your 'cron' ?

asciilifeform: if you like to keep the privkey to the 1000 buried in concrete at the bottom of the sea - you can sign X tx'es of B btc each, and transmit those each day with cron job

asciilifeform: when you sent to them manually each day.

asciilifeform: i understand the 'what.' but not the 'why.'

asciilifeform: in the case of delay mechanism: you've broadcast a set of delayed transactions that will keep landing in the now-stolen addr. nightly.

asciilifeform: take ordinary, delay-less coin. you fill up the atm's addr nightly, say. if you are told that someone walked away with the machine, you no longer send to that one.

asciilifeform: what's the actual purpose of the delay ?

asciilifeform: if you already broadcast the delayed tx, all the thief has to do is wait.

asciilifeform: per unit time. but what can you do if someone walks with the privkey to the landing address?

asciilifeform: ;;later tell jurov nothing in my mailbox from turdatron.

asciilifeform: mrjr: delayed transaction, per that scheme, still eventually lands in an addr. secured with what if not priv key ?

asciilifeform: mrjr: secure your bitcoins in nlocked transactions rather than protecting the priv key << wai wat.