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mircea_popescu: ThickAsThieves Hearn << "If things evolved naturally, I'd end up mattering much less, which is to say my current denial of my own irrelevance would become much more difficult to maintain, even in my own eyes".
HeySteve: heh mircea_popescu, I mean something inspired by the voicing in here
HeySteve: right ThickAsThieves
Naphex: A sells Douche to B through bitcoin, B cand then send a signed rate after.
ThickAsThieves: but this might be due to my ignorance with problems of using the chain for things it wasnt "designed" for
ThickAsThieves: i also have no basic problem with integrating a WoT into the blockchain
Naphex: and from the same source
ThickAsThieves: i have no argument there
Naphex: so.. why not just rate bitcoin transactions?
gribble: WARNING: Currently not authenticated. Trust relationship from user ThickAsThieves to user kakobrekla: Level 1: 3, Level 2: 18 via 7 connections. Graph: http://b-otc.com/stg?source=ThickAsThieves&dest=kakobrekla | WoT data: http://b-otc.com/vrd?nick=kakobrekla | Rated since: Fri May 13 18:50:53 2011
HeySteve: I'm thinking rating will be a transaction, so that's timestamped and recorded. as you say, it is another level of context
HeySteve: is there a time associated with anything but registration in the WoT?
HeySteve: an individual is easy to fake, a real network much harder (so my theory goes)
HeySteve: timestamping doesn't initially seem to add much to a WoT, but I'm starting to think the more data points the easier to spot Sibyls
kakobrekla: wheres the chopstick in this thing
ThickAsThieves: apparently even the spork needed innovating
HeySteve: well if a fork is for stabbing, a blockchain is for timestamping as nanotube said to me
gribble: http://www.urbandictionary.com/define.php?term=spork | And on the 8th day, God decided that Adam and Eve needed a multipurpose silverware item. Thus, the spork, a combination of the prongede wrath of th...
HeySteve: here is one potential way to decentralise it
HeySteve: well, that is indeed how I hope things turn out
kakobrekla: he just wants to make a spoonfork
ThickAsThieves: wouldnt it be more productive to improve the existing one by helping with decentralization efforts or such?
ThickAsThieves: it seems odd to me that you are recreating the WoT, when it already exists
HeySteve: well, public forum... yes I knocked up a quick phpBB for testing
ThickAsThieves: so by my subtheory, i'd say you need all the mircean features in both systems
HeySteve: oh yes, they are separate
kakobrekla: as long as you can attach you linkedin profile to it, you should be fine!
HeySteve: the goal is to make a less scammy cryptocurrency
ThickAsThieves: if both, handle them separately
HeySteve: yes, you can rate and transact
ThickAsThieves: your goal is to make a rating system?
HeySteve: having two allows secure lending
HeySteve: or bitcoin if a sidechain, if that happens
ThickAsThieves: so it has two?
ThickAsThieves: his theory doenst outright require decentralization either
HeySteve: decentralised system, this is?
HeySteve: this makes things a little trickier
ThickAsThieves: first it is not yet proven that all systems require an "mircean" economy, though i suspect they do
HeySteve: mircea_popescu suggested I share one of the key elements, which is that trust rating influences mining rewards
HeySteve: essentially to integrate a reputation system within a blockchain
ThickAsThieves: we could run it through the test
HeySteve: oh, well I am talking more with a view to my project, still reading on MP's theory
ThickAsThieves: you must only have ability to identify one
ThickAsThieves: nowhere does it say you must be able to remove threat
ThickAsThieves: well is that a feature required within Mircea's theory?
HeySteve: I'm still stuck on this Sybil thing :) if you identify a puppet troupe, is there a mechanism to neutralise it beyond information-sharing?
ThickAsThieves: but i think it qualifies nonetheless
ThickAsThieves: it's certainly not a typical or, arguably, ideal, economy
ThickAsThieves: and that the original owner can take them back at any time
ThickAsThieves: the rules of the economy state thpse coins can only be used with that user
Naphex: where do you get them points from?
ThickAsThieves: you take them back
ThickAsThieves: "destroyed" is not always an easy thing to identify
HeySteve: how about a system where ratings are destroyed if the issuer is collectively deemed a fake or scammer?
ThickAsThieves: (just pointing out the value is dynamic)
ThickAsThieves: well, theyre only as good as the person assessing the issuer decided
HeySteve: rating points are only as good as their issuer
fluffypony: must've missed that, I will
ThickAsThieves: i was exploring whether the the WoT itself contains an economy
ThickAsThieves: in the WoT the moe is rating points
fluffypony: except with WoT the medium of exchange is Bitcoin, by the Trilema post?
fluffypony: yes, but how do you exchange them between individuals?
ThickAsThieves: yesterday it was already established that a point system could work as an economy
fluffypony: ThickAsThieves: what's the medium of exchange?
Naphex: showing the most voted stuff up
Naphex: i wouldn't read too much into it
ThickAsThieves: doesnt really change my question though
Naphex: to get the hot thing going
ThickAsThieves: Would it be correct to say that Reddit is broken economy in that downvoters are not identified?
ThickAsThieves: wouldnt that be a great way to start my day
ozbot: [Bitcoin-development] Double-spending unconfirmed transactions is a lot easier than most people real
ThickAsThieves: someone is suggesting that Hearn is trolling
Naphex: if i would've had more time i would deffinetly do a ISK/BTC exchange just for fun:D
Naphex: don't know whats going on but one of the guys there is the lead economist at CCP/Eve Online http://vib.is/fraedsla/bein-utsending/
Naphex: so here is something interesting, http://vib.is/fraedsla/bein-utsending/ investor round table for Bitcoin in island :]
ThickAsThieves: well it's more likely to work early
HeySteve: I thought bitundo resolved as unlikely to work as a service
chetty: very statist, fix problems that don't exist thus creating problems that do
ThickAsThieves: and when that is the same person whom, if i recall, helped the last fork occur
ThickAsThieves: who knows what's possible when you add a new feature that already exists
HeySteve: well, is it possible to accidentally a block containing a double spend?
ThickAsThieves: he's basically building a BETTER BitUndo, i think/....
HeySteve: so what he proposes is honest miners submit double spends to certain pools, if those pools process them then ... what? all their blocks are rejected by the rest of the network somehow?
ThickAsThieves: Darling I don't know why I go to extremes
ThickAsThieves: Too high or too low there ain't no in-betweens
ThickAsThieves: Darling I don't know why I go to extremes
fluffypony: davout: SO WE PUT SOME TRIPLESPENDZ IN YOUR DOUBLESPENDZ SO YOU CAN QUADRUPLESPENDZ WHILE YOU SPENDZ
HeySteve: double spend is going to be a hard solution to sell
fluffypony: maybe time for some FUD posts on triple spends :-P
ThickAsThieves: i wonder if he'd build the best way to double spend by trying to make the best way to prevent it
fluffypony: but the current system is bad for line-at-Starbucks-and-everyone-wants-to-pay-with-BTC
ThickAsThieves: he wants to put more system in his system
ThickAsThieves: well, bitcoin also happens to already have a system for preventing double spends
fluffypony: ThickAsThieves: imho Bitcoin isn't designed to be used for a quick purchase of food and drink...but a system that has convenience + chargebacks can be built on top of Bitcoin quite easily (the way credit cards and PayPal are all essentially built on top of cash)
ThickAsThieves: "The above approach works as long as the majority of hashpower is honest"
ThickAsThieves: it's the best of the worst!
ThickAsThieves: some of the others being thrown around."
ThickAsThieves: how you know it's a good idea? "This may seem a radical suggestion, but I think it's much less radical than
gribble: Rating entry successful. Your rating for user mircea_popescu has changed from 3 to 4.
davout: ;;rate mircea_popescu 4 met IRL twice, honored oral bet for .5 BTC