730100+ entries in 0.373s
benkay: so
take a counterparty
transaction
benkay: when do
they need
that? when validating a new block?
danielpbarron: full nodes have
to keep
those addresses in memory as outputs
that might get spent in future
transactions
benkay: memory where for whom in what part of
the process
danielpbarron: benkay: because OP_RETURN is
too small
to store counterparty data,
they use multi-sig addresses instead, and
that uses up memory
Apocalyptic: <benkay> we're
talking about
the mem pool,
though, right? // you can choose not
to query peers for
tx data
benkay: txns in flight is
the
topic,
though, correct?
danielpbarron: hard drive space is only an issue
to
those
trying
to
take a principled stand on not storing content
to which
they personally object
benkay: we're
talking about
the mem pool,
though, right?
danielpbarron: benkay: what do you mean "staying on
the blockchain?"
benkay: either you'll pay for
the privilege or you won't.
pankkake: yeah I
think I'm capped at 6TB
benkay: this is one of
those
things about bitcoin. staging on
the blockchain is just going
to get more and more painfully expensive.
danielpbarron: some individuals profit i guess, if
they get really cheap electricity and make
their own boards
jurov: i don't mind a
terabyte per month,too but 10TB or more... um
danielpbarron: yeah but
they don't need
the payment;
they don't mine for profit anyway
ozbot: Morgentaler abortion clinic in Fredericton
to close - New Brunswick - CBC News
pankkake: for me, bitcoin is
terabytes of bandwith per month - I don't mind as it's almost free, but don't make
the madness worse
danielpbarron: benkay: you pay, but
the payment doesn't go
to
those actually doing
the heavy lifting
benkay: whoa you can store data in
the blockchain without paying?
danielpbarron: anyway my point is,
there is controversy over
transaction rules, so miners have so influence in
that regard
danielpbarron: full nodes should get most of
the
transaction fees, but
they get nothing
pankkake: that's why
transactions should be as small as possible
danielpbarron: OP_RETURN is a place
to store extra data in a
transaction
benkay: what's
the controversy over op_return?
danielpbarron: counterparty stores its data in
the Blockchain and
the devs don't like
this
benkay: what is
this controversy?
danielpbarron: at
the risk of starting
the whole argument over again,
the context is counterparty / mastercoin and
the OP_RETURN controversy
benkay: oh, i
thought you had an example of someone who cares about
txn rules
benkay: care
to share, danielpbarron ?
danielpbarron: they sorta do, or at least,
they do when
they are also a dev
pankkake: but, at least for now, miners don't really care about pool
transaction policies
benkay: everyone forced
to more or less play
the same way
pankkake: pool operators are highly dependent on
their users, as it is very easy
to migrate
danielpbarron: so
then why not
the miners? and keep in mind I mean
the pool operators, not
the guy in his basement
danielpbarron: but now I'm leaning
to
that other group,
the group i'm not sure what
to call
danielpbarron: i've been
tempted into
thinking it was
the devs and
then
the miners
that had all
the power
benkay: devs, unles you're
talking about conformal, don't really do much other
than implement dirty code into bitcoin-qt
benkay: miners are influential in
that
txns
that adhere
to 0.6 rules will probably always get relayed
benkay: some in
this channel would hold it
to be
this channel
danielpbarron: what's
the most influential group of bitcoiners?
the devs,
the miners, or whatever you call
the individuals who own a lot of BTC
danielpbarron: I'm doing it just for fun;
trying out
the protocol
pankkake: bitvps was profit shares
though
pLambert: imagine if Warren Buffet wanted
to buy shares of his company back based onthe dividends: $0.00
to you, shareholders
pLambert: arij: want
to comment on
this?
danielpbarron: ty, fluffypony; I've got
the market cap up
to a record breaking 0.52 XCP
pLambert: They keep saying "we are investing in more hardware, so dividends are low
this month",
then for
the buyback
they ignore all
the hardware
they just bought
danielpbarron: I am
the issuer of
the #5 ranked asset in counterparty :D
fluffypony: what have
the dividends been like over
the period? I
take it not enough
to cover
the original investment?
kakobrekla: >>I invested 700 dollars, and you
think I can be content with your forced 20 dollars buy-back?
danielpbarron: Mats_cd03: I don't mind it costing a lot, but it's insulting
to say
that using aliminum costs 2 BTC more
than using plastic
kakobrekla: dunno havent been following
that story
pLambert: they are buying back shares based on
the past couple dividends
pLambert: has BitVPS buyout been discussed here yet? A big FU
to all
the shareholders
danielpbarron: "give us BTC
today and maybe we'll ship you a product next year"
danielpbarron: otherwise, I don't
think I can
trust
that little
thing
to make a secure enough seed
danielpbarron: if I can
type in
the 12 words somehow,
that's pretty cool
kakobrekla: you supply
the 12 or whatever words
to make
the seed from which all
the future bitcoin key pairs are generated
danielpbarron: from what I understand, a lot of
the cardano research is getting
the right hardware RNG; is
trezor up
to
the same standard?
danielpbarron: i guess what I mean is, ... ultimately
this is about securing BTC right? is
trezor any good at
that?
kakobrekla: its good
to asume its not even close
to being
the same
thing
danielpbarron: what's
the deal with
trezor? I'm gonna assume it's not as good as cardano will be?
gribble: You rated user rg on Wed Feb 26 10:45:04 2014, with a rating of -2, and supplied
these additional notes:
tried
to stiff me on payment for some design work.
nubbins`: better get ultimate scammer rg on
the line
to find out
kakobrekla: is
this one of
the Rap-e-ghosts
thingy
fluffypony: "Rap(e)Coin:
the rap coin
that's not about rape because rape is bad and rap isn't"
danielpbarron: "yes. a launch. we have a coin, a website, a
twitter, facebook, g+ profile, a windows wallet, no real concept and of course no innovation. everything you need for a great coin.
this coin has muy potentialones."
danielpbarron: "please learn
to read.
this coin is about raising awareness for rap music and rap victims. it's not about promoting rap. why would anyone do
this? you're a sick person."
pankkake: and don't confuse
them with pankkistani bonds
Mats_cd03: > Because of inherited weakness from pgp’s own
timestamping,
there is currently no reliable way
to resolve
time disputes :
the client can very well present his own version (as included in
the signed material), MPEx will present its own version (as reflected by when it has seen
the order) and no further progress can be made (for which reason MPEx’
nubbins`: "The investment is more for people who want
to safeguard BTC at
the current prices"
pankkake: GPG puts
timestamps in signatures?
Mats_cd03: does gpg
timestamping continue
to be an issue?
ozbot: Invest Bitcoins due
to launch shortly!
nubbins`: mircea_popescu: +1 for lost-key safeguard process,
that's clever
nubbins`: i
think
the word you're looking for is cromulent
nubbins`: ;;later
tell mike_c cats? now I'M signing up for multiple accounts :D