log☇︎
782300+ entries in 0.535s
mircea_popescu: give the man a cookie. who is this ?
ThickAsThieves: figuring out what to make of the cryptocurrency."
ThickAsThieves: full text for the item is "Bitcoin will continue to attract more people as a store of value and a speculative investment asset. I predict that the value of Bitcoin still has the potential to double by the same time next year. But I believe it will have a hard time becoming mainstream as a currency, due to its expected continued volatility amidst regulation authorities and governments
Duffer1: 4. we're crapping our pants over here, please don't do to us what netflix did to blockbuster
mircea_popescu: some currencies out there are a bitcoin, if a very primitive sort and for short intervals.
mircea_popescu: it never was a "currency" to begin with.
ThickAsThieves: 4. Bitcoin will continue to gain ground (but not as a currency)
asciilifeform: a kingston, for the navally-noobish:
asciilifeform: (cards, as you can probably guess, are for the mainboard breadboard...)
mircea_popescu: course the serious rapists would just start carrying strap-ons, but what's a feminist to know of economy
asciilifeform: one twist, poor thing goes to the bottom of the sea?
asciilifeform: (more things ought to have scuttling valves!)
asciilifeform: hence why i bought them. yet old brain detritus dies hard.
mircea_popescu: asciilifeform that's actually a decent brand
mircea_popescu: ehehe. reddit doesn't get things.
ozbot: crisader comments on The REAL Altcoin
mircea_popescu: !b the deadweasel-asciilifeform theorem.
asciilifeform: 99% of the delay is /dev/random.
mircea_popescu: how sucky tech gpg has huh.
mircea_popescu: they take time
mircea_popescu: jurov: automatically << fie upon that word. think of it, gpg keypairs are not generated "automatically"
asciilifeform: invent parachute before, not after, being thrown.
deadweasel: yea, those decisions tend to make themselves, in time.
mircea_popescu: (i personally don't think so, fwiw)
mircea_popescu: afaik they haven't yet decided whether they wish to have a future as the irc network where bitcoin happens or would rather not have any future at all.
mircea_popescu: it's a good reserve power anyway, if we ever need to make our own irc network.
mircea_popescu: deadweasel which explains why we're not doing i tyet :D
asciilifeform: the people who like decentralization get that
asciilifeform: in the proposed experiment, you get a whole bunch of problems solved 'for free', without moving parts
deadweasel: in fact, mp, why not start your own IRCnet? Then you could throttle everything at will.
ThickAsThieves: Klout, controversial service that measured online 'influence,' reportedly being acquired for $100 million
deadweasel: freenode doesn't take donations anymore, iirc
mircea_popescu: and that's all
mircea_popescu: even so. you can just make it "donate 0.10000586" btc to #freenode's btc addy
asciilifeform: authentication is 'automatic', in the sense that only an addr's owner can send from it.
mircea_popescu: asciilifeform experimentally, you don't need that much code because not that many people will be paying anyway.
mircea_popescu: no wait i was wrong, it did 60k lines in a month. so about like this thing.
ozbot: O luna de #trilema, prin ochii lu’ gribble pe Trilema - Un blog de Mircea Popescu.
asciilifeform: 'recycle' the coin by moving from Y->X when some time passes (to minimize fee.)
asciilifeform: you'd 'log in' once, by sending a tx with some specified value to 'A' (addr of 'channel') and two others, say, X and Y. low byte of every tx value X->Y is a payload byte.
mircea_popescu: before that, it was doing 5k lines a day or some shit
mircea_popescu: i made trilema +m at some point in 2012 when i was sick of the romanians' drivel
asciilifeform: mircea_popescu: that was the object of the (gedanken)experiment, yes.
mircea_popescu: asciilifeform: imagine if every byte you threw in this channel cost a few satoshi. << eventually the chan will work like mpex, +m and it costs w/e to have voice.
mircea_popescu: jurov: it's called polyamory << don't be silly, that's not decentralised love, that's just love without arbitrary barriers to entry.
mircea_popescu: ;;later tell benkay so what is that ?
ozbot: Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading | Zero Hedge
freztek: he only came in here to shout assbot.
assbot: [HAVELOCK] [B.MINE] [PAID] 1.43596731 BTC to 1`497 shares, 95923 satoshi per share
nubbins`: "i can probably find someone to meet you in most major cities. other than quebec."
nubbins`: just got a forum PM for a guy looking to do a face-to-face casascius-for-cash trade
jurov: btw, use electrum then. one passphrase forever.
jurov: then it ends the same
jurov: ah so. but it's the same with pgp. if you swet expiry date as they recommend
benkay: addresses are spun up routinely. gpg keys should be treated differently.
jurov: i have seen 120MB wallet in the wild, did not count how many addies
benkay: if you "ask" the client for more than that number of receipt addresses, your old backups become stale.
Apocalyptic: and the "100" figure is just the default keypoolsize
jurov: of course it's not limited, just increase the pool and it refills
Apocalyptic: a wallet can have more than 100 adresses
benkay: iirc, wallets are written to disk with the next hundred receipt addresses
benkay: not "wiped" no but one can exceed the 100 pregenerated addresses
benkay: a gpg keypair is meant to endure through many many uses.
jurov: orly? afaik they ware never wiped out from the wallet
benkay: but btc addresses are generated and thrown away regularly in the satoshi client.
Apocalyptic: jurov, he didn't meant ephemeral in that way
jurov: either you backup it and risk it will leak (or that you forget the passphrase)
benkay: fully granted that they're both just bits on disk.
benkay: jurov: that's a little pedantic, neh?
jurov: nekay, gpg key is no less ephemeral than bitcoin
benkay: this is one of the reasons I want a cardano.
benkay: operational security is one of those things that can be done entirely incorrectly and feel so right to the end-user.
assbot: Last trade for AM1 on HAVELOCK was at 0.5499999 BTC [+]
pankkake: well actually you don't sign the key, you sign an identity (name+mail usually)
ThickAsThieves: gpg to the infrequent user is a little more tedious
ThickAsThieves: ive only used either for the same purposes mostly
pankkake: bitcoin's encryption choices come from the need to have small outputs too, gpg doesn't and can thus do a lot of other things
benkay: what about btc-key based decryption of messages? do we have this yet? i've never looked for the functionality.
benkay: maybe poorly, but nowhere near as poorly as those in the wild for btc message signing.
benkay: btc keypairs are ephemeral. gpg has a whole toolchain around the use-cases for crypto that have, you know, actually been thought through.
benkay: the answer to your question is yes, ThickAsThieves.
pankkake: and you're stuck with that priv/pub key forever
pankkake: you can use it, there's just no advantage in using it
ThickAsThieves: does it mean they shouldnt though?
benkay: just because there's a keypair in there doesn't mean one should use it.
Apocalyptic: to me it comes unatural to use btc-privkey for auth purposes
pankkake: supports revocation, too. basically bitcoin signatures are "lower level", you have a public/private key and that's it
Apocalyptic: pankkake probably said it better than me
Apocalyptic: why would people use that whereas there is a GPG identity system based exactly for that purpose, much older and wider spread
pankkake: I was thinking of generating GPG contracts for trades etc., the whole thing
benkay: ;;later tell mircea_popescu http://www.youtube.com/watch?v=rjL6Y-c-HUo
pankkake: yes, why not. but it's not especially friendlier, you have to copy paste etc.
ThickAsThieves: then i leave these things to people that know better
ThickAsThieves: just use bitcoin wallet signing then
pankkake: but things like openpgpjs are not secure
benkay: your barrier is still the GPG part. no amout of user-friendliness is going to get past the challenges most internet users will have with gpg authentication.
pankkake: eh, a few months ago, I was looking for something to write, and a guy told me "make otc user friendly"
benkay: receive and process response to challenge, return "yes" or "no" to service who's curious about a particular login
ThickAsThieves: Apocalypticsy then
ThickAsThieves: make like Wotsy or whatever, and use it for auth all over the web