677100+ entries in 0.489s
assbot: Bitcoin Investment Vehicles Beware
The SEC is Watching | BakerHostetler
mircea_popescu: quite
the vibrant little community we got here.
there's even a manul in a
treehouse!
mircea_popescu: actually i
think something else is
the most interesting property, and sorta
too lazyto write blogpost
pankkake: I
think predictable money supply is
the most interesting property
mircea_popescu: I encourage you
to visit
the links:
the profiles section will help you in your daily worshiping of myself, while
the other sections will allow you
to experience
the productions of some other great minds. However, you will come
to
the inevitable conclusion
that I’m better
than all of
them combined.
mircea_popescu: This blog is
the inalienable property of
the greatest mind
the universe ever had, and is ever going
to have. Its contents are licensed under a Creative Commons License.
pankkake: yes. but even yearly fixed inflation wouldn't be
that bad imho
mircea_popescu: pankkake
that is matematically equivalent
to "each block is its own sort of halving"
mircea_popescu: but you're right,
the only current business of pseudo-bitcoin businesses a la coinbase, bitpay etc is
that
they're benefiting from a legal inefficiency, where exchanges
that admit it are being fucked actively, whereas exchangesd
that pretend
to be paymernt processors aren't fucked quite as bad quite as yet.
pankkake: I agree
the formulation isn't ideal. I mean, what if block reward was 1 BTC forever
assbot: Why I nixed p2p, colored coins and all
that jazz pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: so you'd have
to find 100k blocks or
thereabouts
to break even
mircea_popescu: "You ask why people invest... Let me answer
that for you as I have decades of experience providing analysis
to investors... "
mircea_popescu: oggnasty : "Valuing
these offerings over
time in BTC is idiotic..."
mircea_popescu: "A more formalized version of
this should be linked/appended
to every single IPO offering on
the forums as a cautionary
tale. "
Namworld: I'll ask dooglus if he can do
the same. Jurov or wao can publish both signed
text files on
the verification page.
dignork: mircea_popescu: irony detector fails me
today,
the link was about provable
timestamping, for you gpg sig on Namworld
text
Namworld: 2 strong parties
to sign, along with jurov as
the owner.
Namworld: Maybe dooglus would be willing
to sign
the list
too.
Namworld: A date with signatures shows when it was acknowledged
to be changed. Such
that none can claim a specific change occured prior
to
that date.
Namworld: I
trust jurov not
to lose/have list of secrets compromised. Although list/signatures might need
to be updated if Coinroll is sold again
to another party or list is compromised.
Namworld: If you're willing
to do so, it would be great. Don't forget
to include date.
mircea_popescu: Namworld if you want i can sign it for you.
then whoever wants
to say you changed it will also have
to say i signed a new version.
Namworld: Jurov would have
to look into
that.
Namworld: Not sure, would probably be best for list
to be signed.
mircea_popescu: and also it's a fine example of what'd go into
the bitcoin-assets registrar of deeds.
Namworld: No work
to do on
the user's part, other
than verification.
Namworld: That and we don't provide a default client seed, we use
the blockchain
transaction ID of
the last deposit.
Namworld: Like JD provides
the server's seed hash.
Namworld: Yes,
there's a list with months of secrets' hashes provided upfront.
mircea_popescu: the absolutely ideal system, imo, would be a server
that used
the same secret for ALL PLAYERS and reset it (for all players) at any player's request. but
this poses problems for anon players.
Namworld: There's a single server seed for all users for
the day... with its hash predisclosed. It would be pretty much impossible
to reasonably find another seed
that matches
the hash...
mircea_popescu: if hash may be revealed at any random point,
this is suddenly problematic
mircea_popescu: now, if you know when
the hash will have
to be revealed,
this is possible
mircea_popescu: 1.2 btc bet comes in. server looks at results, A wins, B loses. server picks its hash as B and reconstructs
the merkle
tree
mircea_popescu: ie, either "A" or "B" would give
the 0.1 and 0.2 bets same results.
mircea_popescu: at
this point, server is also mining, and knows
that hash "B" would also be consistent with
the history so far.
pankkake: but maybe I am confused about
the grammar
pankkake: I
thought about it, and decided "there is" was
the correct form, as I am saying "services like
this exist"
Namworld: How is it stronger for fairness? Server seed provided prior
to client seed.
mircea_popescu: Namworld do you see why
the jd "show on request" model is slightly stronger for fairness
than
the "fixed
time disclosure" ?
Namworld: Would also be costly
to attempt
to verify by betting.
Namworld: They could steal a few
thousands extra BTC on large bets which might not seem
too odd until it's
too late.
Namworld: It doesn't help much if
the system is
targetting accounts with large balance and stops cheating after a small sample/when
the large balance isn't making large bets.
mircea_popescu: client's last deposit
tx is good, and a lot of space in
there in
the block in case it's needed.
mircea_popescu: the coinroll "end of
the day disclosure" method is also acceptable. it may be open
to abuse for low volume sites (based on finding hash collisions, much in
the same way mining works) but doesn't seem
too practical
mircea_popescu: but anywqay,
this entire paper is not about server cheating, it's about how "if you're lazy and stupid you might lose". sure. as it should be. let people make proper betting bots with seeding per bet
mircea_popescu: jd for instance allows you
to run 0 bet sampling rounds of infinite size.
mircea_popescu: Namworld "No, you wouldn't be able
to notice
that
the website, across all players, has a much higher house edge
than 1% which is unlikely. It's easy
to fill with fake "lucky" account
to compensate " << you could notice it over your own experience.
mircea_popescu: play all
the games
that meanwhile died, from ancient egypt and fenicia
to chemin-du-fer
Namworld: At least
there's a large,
targeted audience
there.
Namworld: mircea, I'll probably just post it on
the gambling forum where it is relevant and let people pitch in.
Namworld: Yes, it should indeed be a requirement
to have such an external
tool for current venues.
mircea_popescu: Namworld stop being stubborn. if you put up
text like
that you need a blog. how's someone going
to comment on it for instance ? how's someone coming in 1 year know what was already commented ?
assbot: EPA Employees
Told
to Stop Pooping in
the Hallway - Fedblog - News - GovExec.com
mircea_popescu: 1. Client changes
the seed after each new server seed, before every bet. He doesn't know server seed, so seed he provides should give a random number. (Painfully
tedious, few actually do it, but for
those who do, provably fair.) << prolly a bot
that does
this would be useful.
punkman: I want
to make a nice provably fair baccarat game. Get all
those chinese bitcoins.
Namworld: I don't have one. Don't
think I write often enough
to attract any kind of regular audience regardless.
Namworld: So I got some stuff written, concerning logic behind it and proposed change
to such systems.
Namworld: Re what I was
talking about
the other day concerning provably fair systems.
To be fair, most casinos do
the same
thing re providing new server seeds after user's seed.
assbot: Crowdfunding campaign raises $2.2M
to build solar roadways - Yahoo News
davout: pankkake: "Now some guy now wants
to decentralize decentralized version control." <<< Oo
assbot: BitBet - Nasdaq
to close at over $4500 in 2014 :: 0 B (50%) on Yes, 0 B (50%) on No | closing in 4 months 3 weeks | weight: 99`997 (100`000
to 1)
pankkake: another reason I want
to switch out of wordpress: writing HTML
pankkake: indeed… I've crapped on most of my hrefs while writing
too
pankkake: I have another post coming :D I've deciced against a
third by inserting it in
the second
assbot: Page not found pe
Trilema - Un blog de Mircea Popescu.
empyex: FabianB:
Traded in last 24 hours: D.BPAY F.MPIF S.MPOE
mircea_popescu: remember
that guy a year or so ago
threatening
to kill kako's plushie
toys
mircea_popescu: pankkake i'll have
to revisit
that nao
that nasdaq wants
to join
teh fray :D