754100+ entries in 0.497s
benderp: but
the best part is how
the cell network can't sustain a connection
to IRC via anything but JS.
khersonus: taking coins is
typical stupid bitcoin user logic. It shows with
the number of scams
that have happened.
benderp: 50% of
the land is covered with asphalt, and 40% with retarded californian lean-to's in
the style of something elsewhere
that actually matters
mircea_popescu: "It would be so awesome, if
the owner of
this homepage just
takes all
the coins. :D it's almost 2 000 000 fucking dollars!!!!"
freeroute: mircea_popescu: cool, I'll give
them a read.
mircea_popescu: then granpa mp can
tell
the chitlins all about
this magic
the gathering
thing
freeroute: mircea_popescu: hmm, I was under
the impression
that OT was still being developed
cadmus2: MtGox is mentioned on
the FAQ page - came in here
to let someone update it
mircea_popescu: <freeroute>
there isn't a decentralized CC exchange yet AFAIK <<
there has been, for years. ot, open
transactions.
freeroute: ThickAsThieves:
that
there is no middleman in between
that can screw
things up
mircea_popescu: bitcoin is about
to rip buffett a new one. what are you
talking about.
freeroute: but
that's
the nature of decentralized and unregulated systems
freeroute: nothing, but
then
the issuer would
then be at
the mercy of
the exchange
ThickAsThieves: in
the end
though youre still quite a slave
to
the issuer
ThickAsThieves: as i understood decentralized systems,
they utilize new ledgers, maintained by servers
freeroute: MC is similar
to CC but OT is a communication system which can be used on
top of MC / CC AFAIK
freeroute: the client, same way
the BTC client parses
the blockchain
freeroute: the metadata is inside of
the BTC
tx'es, right?
ThickAsThieves: what if
they wait 9mos
til everyone gets comfortable and fuck everyone over?
freeroute: well you can't abolish
trust entirely,
that would be unreal
freeroute: putting
trust from
the hands of people into mathematics is a way of making sure
that you can't be screwed by people, which has happened numerous
times already.
ThickAsThieves: for all we know it's majorly flawed and
the people
that know choose
to just bank off it
Mats_cd03: youve blown my mind, i never realized
that about bitcoin /s
freeroute: what Bitcoin (for
the most part) enables, is full "in
the cloud" operation wherever you geographically might be positioned. As long as you're connected, you can do most of
the stuff with BTC.
ThickAsThieves: all
the world is international, yet every country has different laws
ThickAsThieves: people keep jumping
to
these yeah but it's international arguments
freeroute: even so,
they parties who disagree can easily operate in area's which do not have
those regulations
Mats_cd03: i suppose a combined legal and
technical approach would be a best-effort case for enforcement
ThickAsThieves: of course people here would disagree
this is even possible
ThickAsThieves: it would just be such
that someone breaking a law, would now know so
freeroute: enforced was
the word I was looking for indeed
nubbins`: "no miner may mine more
than XX
TH/s from
the same IP"
Mats_cd03: without a centralization authority which
the protocol lacks for
this purpose
freeroute: regulating
that is also nice. But how would
that be applied?
ThickAsThieves: regulating
that no miner may have more
than XX% of
the network power is not an absurd notion
freeroute: ThickAsThieves: well, it's nice
that
they care.
Mats_cd03: i move
to have it permanently banned from use
Mats_cd03: i fucking hate
that phrase, 'money laundering'
freeroute: so assume miners fall under
the regulation, who's
to say
they won't employ
techniques
to evade
that regulation?
freeroute: hmm, I always
thought
that regulation in regards
to BTC could only be applied at
the "IRL" fiat-side of
things
ThickAsThieves: (I realize
this leads
to arguments on bitcoin's susceptibility
to regulation)
freeroute: it would be regulated
the same way BTC would, I assume
freeroute: in
the case of CC, wouldn't it itself be a ledger (or
the blockchain itself being a ledger) ?
ThickAsThieves: would anyone providing ledger services
to a stock exchange not be regulatable?
ThickAsThieves: is a decentralized stock exchange not able
to be regulated?
ThickAsThieves: even
then, don't most of
these decentralized exchanges lean on less
than 10 points of
trust?
freeroute: of course you can't, but you can minimize
their impact on it
freeroute: wasn't
there a documentary about a CS guy who found out
that stock exchanges (like
the NYSE) were basically frauding people?
ozbot: Well great,
there goes
the band Dollhouse - YouTube
nubbins`: WELL GREAT
THERE GOES
THE CONVERSATION
mircea_popescu: freeroute and yet
this is a solved problem in fiat
too.
freeroute: but at least
that prevents
the exchange screwing everyone over
mircea_popescu: ThickAsThieves it protects people from having
to bow down
to
their superiors, which idiots with delusions of independence loathe.
freeroute: web of
trust, yes. Like
the GPG WOT?
freeroute: WOT can be as centralized or as decentralized as you make it,
the
trust could all lead
to a central authority (or central authorities)
mircea_popescu: were i
to decide
to split all objects into heavy and light i could fucking
tell you whether a breadbox is heavy or light.
mircea_popescu: well
then i'd propose you have no idea what you're
talking about, if you use a nomenclature
that fails
to even split
the world properly.
freeroute: not sure about implementation of colored coins, but
the concept is amazing
freeroute: mircea_popescu: difficult. I'd say both, I wouldn't
trust it more
then I would
trust security
through obscurity
freeroute: colored coins is also an example of
this
mircea_popescu: is
the wot centralised or distributed in your nomenclature ?
freeroute: luckily,
the
technology which is getting built on
top of it, will bring lots of such decentralizations
freeroute: the point is,
that right now we have a distributed asset class / currency protected by cryptography. It shifts
trust from centralized models
to a distributed one.
That could be seen as step 1.
mircea_popescu: applied mathematics still has
to be applied. and i was
there when communism fell, and i saw no mathematics anywhere around me.
freeroute: you didn't have applied mathematics you have now in
the 'haydays' of communism
freeroute: but I do hope
that
trust will get out of people's hands into
the hands of cryptography. Because generally, people are not a good
thing, and never were.
Mats_cd03: of party (you, her, and
third_party),
the following set [(third_party,her), (you,her), (you,third_party)] represents who can collude
to screw you,
third_party, and her