735700+ entries in 0.466s
ThickAsThieves: if not mining, if not owning of majority coins,
then somewhere else
ThickAsThieves: i
think
there
that danger must exist in bitcoin somewhere
mircea_popescu: and
then eventually
that runs out
too and
that's
that.
truffles: somehow i had forgotten
to bookmark
mircea_popescu: my own view of
that cycle is something like : a cool
thing makes inroads.
the people doing
the cool
thing eventually die,
their successors aim
to maintain
that greatness
ThickAsThieves: of course,
the
timeline for any given
thing centralizing and dying is uknown
ThickAsThieves: and despite its elegance, i'm not sure bitcoin can avoid
this
ThickAsThieves: what i mean is, by my own understanding so far, it seems all
things centralize over
time. in
the context of human civilization
this is seen quite obviously in, probably, all
things observable
mircea_popescu: anyway, once public education becomes a
thing of
the past, we'll be back
to having actual literacy and actual encyclopedists will write actual encyclopedias,
mircea_popescu: i dunno about
that. ideally we dun pour effort into dirt
BingoBoingo: Eh, give it a few years and
then wikipedia will be subsumed by wiki.bitcoin-assets.com/archive/fail/wikipedia
mircea_popescu: asciilifeform well because you were, what, you dare contest
teh wisdom
that is ?
mircea_popescu: ThickAsThieves i suppose, depending on what exactly ou mean by
that.
ozbot: Wikipedia:Articles for deletion/Log/2014 March 24 - Wikipedia,
the free encyclopedia
ThickAsThieves: are you saying
the
the age of
the individual
through
tech can evade becoming
to "centralized" and live between chaos and form?
mircea_popescu: the "country of laws not men" failed much like
the giant leap forward failed.
mircea_popescu: running an empire of generals and senators who ARE,
they
themselves personally,
the respective institutions.
ThickAsThieves: i can buy it, except for
that all history and all
things in
the universe say otherwise
mircea_popescu: we're going back
to caesar who is personally
the emperor,
mircea_popescu: the future is of individuals, who are going
to be
the institutions. like it or not.
mircea_popescu: but you're misstating it. if most of
the world is china,
then most of
the world is going
to be china
ThickAsThieves: i'm basically
trying
to make a case for mining diversification
mircea_popescu: i can't discuss
the impossible
tho, because anything can be logically derived from nonsense.
BingoBoingo: Interesting point: Discus Fish. Was a nothing six months ago. Now relayed
to b.info 2 of
the last six blocks first
ThickAsThieves: i mean i hear you, but
this isnt quite about what i
think or know, so much as what "is"
mircea_popescu: so in your
terms "if you
think it is or you
think it isn't, so what ?"
mircea_popescu: i am saying
that a) it cannot happen and b)
this irrespective of what you know or don't know.
ThickAsThieves: are you sayng
that if mining power centralized
to an unhealthy degree, so what?
mircea_popescu: in exactly
the same way, it's not your job
to "verify"
that
the miners don't 51%
mircea_popescu: remember how i
told
tg2
to stfu yest, because it's not HIS job
to
tell
the exchanges how
to exchange ? it's not.
mircea_popescu: i want
this, because a mine is a physical
thing, it needs proxying.
mircea_popescu: if i own 1petahash worth of mining gear, and we have a deal
that you claim
to own 1petahash worth of mining, we can work it so no
third party can ever discover
this.
mircea_popescu: the pretenders get
to pretend like
they matter, which ios really all
they're interested in
mircea_popescu: this works
to everyone's benefit :
the actual miners get
to conceal
their mining, which
they want
to do
mircea_popescu: where people pay a slight premium
to be allowed
to pretend
they mine by
the actual miners.
BingoBoingo: It's also not absurd
to imagine cex.io doesn't have any hardware
mircea_popescu: you may not know
this, but
there's a major miner bezzle market going
ThickAsThieves: for example, it's not absurd
to
think cex.io has more
than 51% right now
mircea_popescu: or not really accident, more like
the interplay of will and understanding, as limited by reality - i demonstrated
this once in here using asciilifeform as my victim)
ThickAsThieves: i understand
that much, but
the mining ecosystem is its own
thing
mircea_popescu: (this incidentally is one major point proponents of alternative coins don't realise. one of
the most important permanence factors in a coin is just how well distributed
the coinbase is.
this is not something later coins will readilyt achieve, bitcoin achieved by accident
BingoBoingo: mircea_popescu:
They were blatant, but
the weren't quite as refined in
their Haxxed, coins are gone as Cryptostocks/Vircurex was where some separation was imagined
mircea_popescu: ThickAsThieves
that
type of concern is vastly alleviated by
the btc cap. we've already mined more
than half
the
total.
chetty: National Foundation for
the bitcoin
mircea_popescu: BingoBoingo
they never were anything but blatant about it, weren't
they ?
ThickAsThieves: i feel like if
the US is gonna
tax it,
they should support it
mircea_popescu: ThickAsThieves i said government had, a couple months after
they had started, a few months ago.
mircea_popescu: and we have
the equivalent "exchanges", icbit, bitfinex etc
ThickAsThieves: mp, do you
think you'll ever invest in mining infrastructure? do you
think governments will? what if china controls all our coinz?
mircea_popescu: BingoBoingo for completitude's sake,
the blatant set really should be cryptostocks / picostocks / bitcoinbourse
BingoBoingo: Who
the fuck
though wears a down jacket in a datacenter?
mircea_popescu: then silver went
to shit, but
that's ok, cause he was really invested in... whatever went up.
mircea_popescu: re-making
the claim costs about as much as it cost originally.
mircea_popescu: the actuality of
the failure of
the purported investment does nothing
to alleviate
the causes of
the pretense, and so
the pretense is simply rehashed.
mircea_popescu: this is
the
typical way imagined fortunes work, and it belies
their virtuality.
the guy wasn't actually invested, but merely pretended
to be invested.
mircea_popescu: but
the rich guy somehow hadn't lost anything, and immediately bought just as much of Y
thing.
mircea_popescu: that one was pretty much
the same
thing, guy claiming he's rich and he has bought X miners,
then
that
thing went scam
mircea_popescu: if anyone is old enough
to remember
the picostocks / 100blabla scam ?
the one
that briefly
took on buzzdave after his basicminer scamstint, before
the girl drove him out ?
moiety: spider-cats? i have
two
moiety: ok so ... who has a dog we can attach suction cups
to?
moiety: i
thought .. hmm right
then at
the 21 y/o
thai wife
mircea_popescu: if not, you can join
the line. it started back in 2012, when he was going
to prove he had a mining farm.
mircea_popescu: just like all
the rest of goat's stuff. if you're
the sort of person
that believes
things some guy claims, it was real.
moiety: was goat's lambo actually real btw or a
trollstory
moiety: imagine
the sounds it would make
tooo
moiety: mircea_popescu: how is
that an evil
thought??? spider-dog FTW!
mircea_popescu: suppose you add large-ish suction cups as part of
the bottoms of
the casts
BingoBoingo: Maybe Goat's next lambo will be
the original model
BingoBoingo: mircea_popescu: Well
tractors are now popular in
the way coloreds used
to be popular.
They are useful implements, but a pain
to maintain.