log☇︎
805400+ entries in 0.558s
asciilifeform: i recall some joker sent out a mountain of coin, a few satoshi at a time, to see where it gets consolidated
mircea_popescu: as citizen-judges didn't quite grok the abyss.
mircea_popescu: this was the nail that sunk the rota, practically.
asciilifeform: it's yours and the first person who sets you up to look through an eyehole.
mircea_popescu: i can send you a bitcoin whether you wish to accept it or not, and whether you know or not
mircea_popescu: but it would be stil lequally easy to deny that it's your transaction.
decimation: indeed, it would be idiotic. But it would be difficult to deny that it's not your wallet
asciilifeform: decimation: the problem with biometric-anything is that you shout your 'password' every time you touch something (or, in this case, look in an eyehole)
mircea_popescu: it's what it likes to do. fiat runs and bitcoin rests.
BingoBoingo: decimation: That seems like a wallet I wouldn't want to use.
asciilifeform: why would that be?
asciilifeform: i vaguely recall the loot from various famous heists sitting quietly, never spent
decimation: what if one were to use a deterministic wallet address derived from retina features for instance
mircea_popescu: moreover, there's no good reason to presume this is not happening at any point, nor particularly easy or even possible to prove so.
BingoBoingo: This sounds like the sort of case where BitBet could replace the court as a solution and to the laundering. Step one. Take positions on a Difficulty bet paying out to addresses with publicized different owners as well as addresses with unknown owners.
asciilifeform: it is entirely true, and a good point, that the blockchain can be used by a skilled conniver to point blame at some random third party.
mircea_popescu: you could get fucked by some guy who thinks he saw you fucking his wife.
mircea_popescu: in which case we're back to your problems being widely abusable power, which is not a bitcoin thing.
asciilifeform: traditional court might throw out the accusation. but courts are not the only mechanism for Having Problems.
mircea_popescu: i'm throwing it out, it can't be resolved.
mircea_popescu: and so i have to judge this situation where you say coinbullion googled your name and used it to cover their theft
nubbins`: let's buy trilema credits with it
asciilifeform: well, let's have it be spent at 'coin bullion' (?) or the like.
mircea_popescu: address A sends back to mtgox for credit ? the same bitcoin ?
mircea_popescu: asciilifeform let's go through this. mtgox wallet is emptied to address A.
nubbins`: anyway, merge my thought with alf's
asciilifeform: man with at least the brain of a slug would attempt to clean the booty somehow
mircea_popescu: so what if google search turns up whatever ? i can make google show up a shaved baboon when you google for nubbins
nubbins`: google search turns up whatever
asciilifeform: 1) 0day 2) clean out 'mtgox' or the like 3) same coin is deposited in exchange acct. with truename next day 4) gasenwagen
nubbins`: last tx was 10k bitcoin to 1blahblah
asciilifeform: well, the trivial case:
mircea_popescu: run me through a scenario where you actually identify such a "direct trade"
mircea_popescu: i tell you i don't see it.
asciilifeform: this concern is more in line with 'spend enough time in a smoky enough room, and you'll choke'
mircea_popescu: for that matter, discovering that your wallet directly traded with anyone is an exercise in impossibility.
ozbot: Wells Fargo, America's Largest Bank By Market Cap, Pushing To Offer Bitcoin Services | Zero Hedge
mircea_popescu: if you spend time in a smoky room "you might have problems one day"
mircea_popescu: explain this "you might have problems one day"
asciilifeform: 'the magic gold glowed blue in the water.'
BingoBoingo: Well, if your gold was exposed to neutron radiation it may endanger your health one day
decimation: if it's discovered that your wallet directly traded with a known thief's wallet - you might have problems one day
asciilifeform: but btc, unlike atoms of Au, has a public history, a fact that users ignore at their peril
asciilifeform: this much is true
mircea_popescu: this actually works as an argument. bitcoin needs no assaying, which makes it more fungible than something that does.
asciilifeform: i always thought it was a practical measure, to let people skimp on assaying
mircea_popescu: all those series on bars and so forth, they're kinda there to limit fungibility
nubbins`: maybe i'm frequenting the wrong bars ;(
mircea_popescu: asciilifeform bitcoins are more fungible than gold ever was, in practice.
nubbins`: the bars i frequent are not the sort of places where one would bring a suitcase full of benjamins
mircea_popescu: decimation p2pool used to i think ?
asciilifeform: fungibility in this case is an ideal, not the actual reality on the ground (atoms of Au are fungible, btc aren't - at least, as presently implemented)
mircea_popescu: "It sounds like you need a few slaps in the face to get in touch with society."
decimation: is there a pool that publishes its accounting?
mircea_popescu: asciilifeform all coins are and will remain equal. this is the concept known as fungibility.
mircea_popescu: "o you sent fiddy altcoins extra ? allow me to edit all the previous scamscreams!"
ozbot: IcyHash Pool/Spork985 refusing to produce or explain multiple missing coins
asciilifeform: does anyone give a damn about coin history in those famous bars where people trade suitcases of benjamins for btc?
asciilifeform: other than the authors of the few most egregious heists
asciilifeform: as i understand, not too many people are presently concerned with dirt
decimation: what if mining guilds are doing this today?
BingoBoingo: nubbins`: No need to own the hardware yourself.
BingoBoingo: nubbins`: What you do is start a pool and pay out better than the other pools
mircea_popescu: asciilifeform this is what "the community" didn't belive pirate's hash exchange was for.
asciilifeform: a penny to the dollar is still better than the gasenwagen.
nubbins`: 50 cents on the dollar if you're lucky
asciilifeform: miner shits out the cleanest possible coin, so in principle if one's coin is 'dirty' enough, a miner might seem like a good investment.
BingoBoingo: asciilifeform: Well Good ole Trendon did that
asciilifeform: anybody wonder how many people purchase miners just to launder coin?
nubbins`: he entered the bitcoin forcefully and without mercy
mircea_popescu: your thebitcoin
nubbins`: when did you enter the bitcoin?
mircea_popescu: i think ima use this line
mircea_popescu: entered the bitcoin
nubbins`: i entered the bitcoin
mircea_popescu: meanwhile, "Hi I am a 25 years old Italian boy. I entered the bitcoin about one year ago, so I am not so noob even if not expert."
mircea_popescu: the thick plot that keeps thickening
nubbins`: this image popped up in one of the old avalon threads, i lel'd heavily
mircea_popescu: nubbins` yeah, huge uproar in the sense that scammors are really butthurt there's some stuff they can't readily manipulate.
BingoBoingo: nubbins`: Well, they still implement the list by making it a user account and it can be given negative feeback just like any other.
nubbins`: i.e. their feedback appears in the "trusted feedback" section of a user's trust page
nubbins`: nah, default trust is a list of people that, by default, all new users "trust"
nubbins`: Duffer1: i've got some lovely certificates designed for those
BingoBoingo: Dunno what people are up in arms about. Default Trust is just a user account on the forums that can be given negative trust
nubbins`: "[Default Trust] is Tyrannically Centralized! (goat)"
nubbins`: goat changed his name on the forums
BingoBoingo: First two still seem to be on the forum... who knows about Usagi anymore.
mircea_popescu: the three silversketeers
mircea_popescu: speaking of the entire silver thing, what happened to pietilla, goat and usagi ?
decimation: right that's my point
decimation: but you might convince a greater fool to buy your silver and make a profit
decimation: anyone with common sense knows it's going to crash and burn
nubbins`: someone's going to be left holding millions of dogecoin
nubbins`: risk being that you're the greatest fool
truffles: http://pastebin.com/embed_iframe.php?i=q9vr8LT4 the match
Duffer1: btc -> fiat -> vps mine shitaltcoin#1361235 -> dump on sucker on craptsy = more btc than you started with
decimation: it's really a bet that the difficulty won't go up as much as everyone hopes/fears in the future
nubbins`: not only technically but practically, too
decimation: if you don't wish to buy with fiat for whatever reason
decimation: If you can purchase a miner in bitcoin though, that counts as a bitcoin investment