772700+ entries in 0.522s
greenspan_fan: mircea_popescu you're right, it does seem
to beg
the question...
mircea_popescu: no, it does not "store value" any more
than "empathy" as used by
the libertard is either human or virtuous.
mircea_popescu: greenspan_fan
this seems
to me a completely unwarranted generalisation
that actrually breaks logic.
benkay: or rather it's astronomically difficult
to do so.
greenspan_fan: I can't spend "knowing how
to make an engine", but knowing
that I can do
that (and having
the plans/information
to do so) stores value
benkay: it's arguably only contextual in a world in which nobody can really ant
their hard work away.
greenspan_fan: perhaps
things
that would fall under
the category of intellectual property?
benkay: more like "o now i have credit for a billion pizzas at
this local bitcoin brokerage"
benkay: but
the "you" here can vary, and does not include pizzas
greenspan_fan: at some point, you need
to be able
to exchange for
things
to have value
benkay: i expect a new whore at
the door
mircea_popescu: asciilifeform>
time
to digest a meal: ~6 hours. does
that mean
that one should be able
to go without meal for ~72 yrs << yes, if
they were a payment processor.
greenspan_fan: Well, given
the above, I expect
that btc is just a placeholder for something
that will have numerous quantitative
technical improvements.
mircea_popescu: course
this is more of a case of hawala reduces
to bitcoin
benkay: "stench of
the cube farm"
benkay: you can say
that again.
mircea_popescu: asciilifeform if one
takes a conceptual hawala rather
than any particular historical implementation, no.
benkay: i'm going back
to figuring out how
to represent a 32-bit int in ragel on java.
benkay: well what does it mean for bitcoin
to be stopped!?
mircea_popescu: this was actually
tested back in
the old days of mpoe, works just fine.
benkay: now, you're dependent on
the
technical ability of your counterparty
to
track and not double-spend.
benkay: "here -
take
this pre-signed
transaction"
benkay: not
that
this actually prevents anyone from exchanging btc, provided
they're sufficiently
trusty
mircea_popescu: obviously presuming liniarty and so on and so forth, but just for
the sake of it.
greenspan_fan: absent some other similar currency overtaking it due
to
the delay
mircea_popescu: thus
therefore,
tolerable btc outage should be something like 2 years.
greenspan_fan: OK, so
the contention is
that
things
that are faster
to process (such as cash or credit) are expected
to allow for retail level/immediate
transaction, while btc is more of a long
term store of value, right?
mircea_popescu: and no, you should not rely on bitcoin.
this has been explicitly stated since day one. bitcoin is not here for you
to rely on.
Duffer1: software changes, it'd be annoying sure and
the media shitfest will be epic, but neither of
those
things matter
greenspan_fan: mircea_popescu as you say, not a problem for reasonably wealthy individuals, but it means
that if you don't already have a lot of fiat currency, you can't rely on bitcoin
greenspan_fan: in
the interim between breach, patch being devised and patch being promulgated, you'd have zero activity
greenspan_fan: well yeah, but
there comes a point when subverting btc is
the most profitable use of a breakthrough, hence
the first
thing it'd be used for
mircea_popescu: when you say sha was breached you're not describing some nitnoy
thing nobody cares about.
greenspan_fan: well look at
transaction malleability; doesn't seem like a huge problem, but it hasn't been fixed yet
mircea_popescu: (your q was as
to coordinate moving, not as
to patching, mind)
greenspan_fan: I
think you're underestimating how hard it would be
to patch
greenspan_fan: but how do you coordinate moving
to
the new system? and what if
that
takes
too long?
mircea_popescu: if it IS known however
the code will just be patched
to
take it out, and people will move on
the new system for cause
mircea_popescu: if your crack is not known,
then maybe for a while you can benefit from it.
greenspan_fan: if you're able
to break SHA-256 you'd end up w/ a majority of
the hashing power if you were smart
greenspan_fan: (or, if you prefer, value) and it's hard
to account for
those
greenspan_fan: there's a few
things like mathematical breakthroughs re: hash functions or serious bugs in
the client
that could
tank
the price
mircea_popescu: bullocks would be ok, but
the "six digits or less" is equal
to saying in
that other context "60 kgs or over"
greenspan_fan: mircea_popescu worth how? I have less
than 100 000 btc, for example
mircea_popescu: asciilifeform and perhaps we'll be fucking rid of all
the forum investors.
greenspan_fan: it kinda depends if it's past
the point where adoption is widespread enough
to sustain an economy w/o needing easy conversion between fiat and btc
Chris_Sabian: look
the last 2 steep rises, april and nov-dec.
the price shot up
then peaked and dropped
to ~1/2 value
mircea_popescu: speculation of
the sort and
type
that
the exchanges enable and reddit/forum/.etc support is about as fundamental
to bitcoin as druggies were.
greenspan_fan: the concern is
that speculation is pretty fundamental
to current price and exchanges facilitate
that
mircea_popescu: people imagine exchanges are fundamental
to bitcoin price.
they'll close, no ill effects
to be recorded.
greenspan_fan: there were ill effects, but it was kinda priced in at
that point
mircea_popescu: people
thought silk road is fundamental
to bitcoin value. it closed, no ill effects recorded.
greenspan_fan: anyone seriously concerned about a price collapse if it
turns out most exchanges were as incompetent as mt gox?
mircea_popescu: sorta mess) is jumping on board
the "o no malleability is preventing us
mircea_popescu: i've been back
to say hey next
time listen
to me before you get into
this
mircea_popescu: which i beat
the shit out of when
they decided
to start letting people
mircea_popescu: crypto-trade (neotrix's deal
that used
to be an altcoin marketplace, and
Bugpowder: I built
the gene in
the mouse video...
the fish video is 2 more series of evolution better...
moiety: cya Bugpowder
thanks for le links!
ozbot: Watching a mouse's brain
think about running with GCaMP3 - YouTube
Bugpowder: downstream application...
Total brain network activity imaging.
moiety: A Japanese-American
Team created green-fluorescent cats as proof of concept
to use
them potentially as model organisms for diseases, particularly HIV.[42] I volunteer
to look after
them
Bugpowder: BTW
this work won
the 2008 Nobel prize.
moiety: it is really cool, i started an album after
the illustrating science challenge last year
ozbot: Green fluorescent protein - Wikipedia,
the free encyclopedia
Bugpowder: I
think I put it
there many years ago
moiety: Bugpowder, may i please use
this picture?
Bugpowder: Then a friend made a pallete of different color bacteria and painted
the plate with a dilute solution of
them. Waited 48 hours and
that was
the impressive result
mircea_popescu: i can't help but
think you're pretty close
to biofilm 3d printing.