698200+ entries in 0.434s
pankkake: PoWs are always mined by
the guys with
the most hardware, no matter how you
twist it
fluffypony: I don't consider
the PoW particularly noteworthy
fluffypony: asciilifeform:
the PoW is just stupidly expensive
to
try reduce
the gap between CPU performant miners and GPU / ASIC miners
Apocalyptic: <asciilifeform> re: 'monero': 'Egalitarian proof of work' << do we need
to read past
this line ? // my
thoughts exactly
pankkake: so far
the crypto world managed
to move
to better algorithms before attacks were economically interesting. I don't see it changing
pankkake: in
the year 2050 we'll just use addresses starting with 2 with another, stronger, crypto
BingoBoingo: pankkake: It identifies
the
type of address
pankkake: address VERSION. because satoshi is a genius, he
thought about future problems already
pankkake: you guys know what's
the '1' in Bitcoin addresses right?
fluffypony: asciilifeform: I was just reading about
that
today (in
the context of "Bitcoin will die because quantum computer!!!111") - general idea is
that a hard fork
to something different if quantum computing was imminent would solve
that
BingoBoingo: thestringpuller: Yeah, maybe a couple weeks ago at
the latest.
fluffypony: ThickAsThieves: in
this specific case I don't know if you can call it an altcoin; it shares no common code with Bitcoin and has a completely different protocol / way of storing
the blockchain / etc.
BingoBoingo: thestringpuller:
The last
time I was in -otc I don't
think I had
to linger more
than half an hour
to unload all
the paypal I was burdened with
ThickAsThieves: we need altcoins so we know where
to go when bitcoin dies
fluffypony: benkay:
that's moot, I'm already heavily invested in BTC (the equivalent of "learn Common Lisp" by analogy), finding Monero interesting and possibly worthwhile does not change my position on BTC but is, rather, a direct result of
the knowledge already accumulated
benkay: mutations about
to die.
benkay: proof positive
that both what it came from and what it has become are
benkay: that differs from
the rest of
the crop by one or a couple features is
benkay: A "new" languagewait hang on asciilifeform i'm
thinking about
jurov: <thestringpuller> is
there a legit ltc/btc exchange? << x-bt.com but
there's no volume :(
ThickAsThieves: yes, i was on AM board, but
that's falling a bit out of
the context I was mentioned in
assbot: Re: Representing code as XML:
the Flare Programming Language - Naggum cll archive
ThickAsThieves: with curating not looking all
that enticing in
the short-term
ThickAsThieves: well it's hard for an alt exchange, you either want
to curate or support as many as possible
Apocalyptic: I dont
think I ever represented mining in any broad way. // you were on
the board of ASICMINER weren't you ?
Apocalyptic: i'm somehow oblivious
to
the fact people prefer btc-e & scammy exchanges
ThickAsThieves: <+thestringpuller>
ThickAsThieves was a great mining representative but he exited
the mining space. /// I dont
think I ever represented mining in any broad way. Never sold or represented any hardware or
tech.
assbot: Re: Representing code as XML:
the Flare Programming Language - Naggum cll archive
thestringpuller: It's funny how it's far more productive
to do business here
than in #bitcoin-otc
benkay: book's pretty
thin, Apocalyptic
Apocalyptic: thestringpuller> is
there a legit ltc/btc exchange? // x-bt.com
benkay: asciilifeform: what's
that post you're always
throwing down about new languages with new features?
fluffypony: had a discussion with gmaxwell a few days ago about ring signatures, and he agrees
that it could be done in a kludgy way in BTC, but it's an unlikely
thing
to happen, so Monero will possibly carve out a nice niche among
the darknet markets crowd
fluffypony: longevity is not guaranteed, and
the opposite is most likely
true
fluffypony: BingoBoingo: which goes back
to what Peter
Todd said about BTC being able
to adopt anything Ethereum, NXT, or anyone does
dexX7: i heard ltc is going
to be listed on mtgox next month
fluffypony: BingoBoingo: Monero is different - I
tend
to abandon
the rest because
they're all Bitcoin forks
BingoBoingo: fluffypony: So you are saying your endorsement of any alt should be
taken with
the caveat you plan on abandoning it yourself in short order.
fluffypony: everything else I will dabble in, but I'm in and out within a month or
two at
the most
fluffypony: and I liquidated
that in December when LTC spiked
fluffypony: the last
time I had LTC was when burnside refunded me my listing fee for ltcglobal
thestringpuller: fluffypony: do you have a long
term supply of LTC or are you exiting?
fluffypony: BTC is
the highest by volume by a wide margin
thestringpuller: looks like it may be easier
to just buy a shit
ton of LTC cash and
then liquidate it into btc
fluffypony: when it crashes
they can't afford repayments or even
the electricity every month
fluffypony: they spend a fortune on
their credit card when BTC is spiking
danielpbarron: if anyone is selling
their mining gear, you've got
to assume
they did
the math and realized
there is more money in selling
the gear
than running it
danielpbarron: i've had multiple face-to-face interactions in which
the other guy expressed interest in buying mining equipment for doge or
the like
thestringpuller: ThickAsThieves was a great mining representative but he exited
the mining space.
danielpbarron: obviously it's not all a scam, but everything i see
talked about seems
to be a scam
thestringpuller: danielpbarron: mining is very scammy << well gigavps set
the bar pretty low
Apocalyptic: yeah,
they are not specialy advertising
they are miners
thestringpuller: it seems every miner
that comes into btc-assets
turns into a scammer
Apocalyptic: <danielpbarron> i wish
the miners would get in
the WoT and sell directly
to individuals like me with cash
to send in
the mail // some do
thestringpuller: like god forbid
Tony Soprano wants
to buy BTC's for his stacks of cash.
benkay: what is
the litecoin exchange of greatest and least fraudulent volume?
danielpbarron: i wish
the miners would get in
the WoT and sell directly
to individuals like me with cash
to send in
the mail
fluffypony: thestringpuller: nah couldn't be bothered
to buy an ASIC
that's going
to
turn into a paperweight in 8 months
thestringpuller: The mining pools seem
to directly sell
to market, but I don't
trust exchanges.
fluffypony: Apocalyptic: cool - I'm busy putting
together an integration guide for exchanges, after spending a few hours fighting with
the RPC API (still plenty raw) so will send
that on
to you when done
fluffypony: they have a
tendency
to go away randomly
fluffypony: but I
tend
to hold very little in any altcoin
fluffypony: all
the rigs are off atm, got a few EC2 instances mining Monero but will switch
them off in a few days
fluffypony: Apocalyptic: based on
the CryptoNote protocol, uses stealth addresses and ring signatures for anonymity + plausible deniability
fluffypony: Apocalyptic: Monero, but as its not forked from Bitcoin its a bit of a bitch
to integrate
benkay: i do not like
the work
this implies.
Apocalyptic: by
the way are any asseteers interested in another coin
to be implemented on x-bt ?
benkay: my
terminal is not set up
to recognize links with unicode
fluffypony: moiety: "A good way
to handle idiots on call centers is btw
to just hang up and call again, repeat until you have someone on
the line
that actually acts like a human." - because what I love most of all is sitting on hold for another 23 minutes.
BingoBoingo: Apocalyptic:
There are many orders and perogatives. Not letting it bubble is one, but
there are other interests and concerns bubble prevention must be balanced with.
Apocalyptic: wasn't
the central ATC bank supposed
to not let it bubble ?:)
benkay: what's up with
the spread, BingoBoingo_ ?
benkay: <pankkake> kraken still has way more //
this surprised me.