844900+ entries in 0.459s
ThickAsThieves: if you pile on mp's
technical arguments about
the blockchain's limits in providing a decentralized solution it only makes decentralization
that much worse of a pursuit
pankkake: you are now
thick, and a
thief
pankkake: I hereby decentralize
ThickAsThieves
ThickAsThieves: thus all my problems with
the decentralization of securities movement are conceptual
ThickAsThieves: to attempt
to "decentralize" merely amounts
to breaking
things into less useful pieces
ThickAsThieves: these powers are made useful/profitable/covenient in
their vert centralization
mircea_popescu: and now i shall be off scarfing smoked salmon and fresh apple pie seasoned with free market
tears. bbs.
mircea_popescu: this is at least
the proven=to=work italian model
the modern system is copying.
ThickAsThieves: the Exhange/Platform, Investment Bank/Issuer, Investor, and
the issued Business/Financial Instrument
mircea_popescu: anyway. something like ripple (and
tf's abuse
thereof) clearly showed what
the problems are with
trying
to get a distributed
trust model going.
ThickAsThieves: i see
the securities market as an ideal system involving 4 major parties
mircea_popescu: pankkake
that's you know, like "cancer will get you" for
the gunshot wound patient
mircea_popescu: i meant as a pure concept. could such a
thing be conceived
mircea_popescu: so you envisage a distributed replacement
that's NOT at
the same
time an accountable ledger ?
ThickAsThieves: while
the cheerleaders are searching for a replacement for exchanges
mircea_popescu: i mean other
than "Well different implementations of
the same concept"
ThickAsThieves: colored coin
type developers are merely
trying
to make an accountable ledger
ThickAsThieves: admittedly, it doesnt seem
to be
the colored coin style developers making wild claims, but
the people flocking
to
these ideas
mircea_popescu: that problem exists like gravity exists. if you have it you gotta solve it. which is why
the article focuses on
the blockchain : if you're doing distributed anything, you have
the bizantine poblem.
mircea_popescu: the blockchain is fundamentally a solution
to
the bizantine problem
mircea_popescu: ThickAsThieves no, im done with
the "free market of retards" concept. anyway, re
the colored coins :
mircea_popescu: and a bunch of rich powerful people are here
to fuck you in
the mouth until you bleed
skinnkavaj: No, people use
the service because its good.
Thats
the free market. Do you realize why everyone is abonding mtgox?
mircea_popescu: if
this process is allowed
to become "what Bitcoin is"
then Bitcoin will never be anything.
mircea_popescu: forum retards move
to what SEEMS
TO
THEM a better alternative.
ThickAsThieves: your points are mostly
technical, involving
the blockchain as being impractical
jurov: skinnkavaj: nope.
the one who will manage
to keep
the bitcoins safe will win
ThickAsThieves: the argument of course shifts depending on what problem it is people are
trying
to solve with decentralization
mircea_popescu: anyway, "<jurov> burnside's not sure if he can reliably wipe all passwords" << no, just not sure how
to cleanly remove
the "give scammers fake btc
to fake
their volume" code.
skinnkavaj: So what? With a free markey, people will choose where
to go. Which one sets up
the best BTCT clone will win in
the end.
jurov: it's just better for everyone if
they don't
jurov: skinnkavaj: i have seen myself some offers on freelancer "build me a bitcoin exchange",
they were obviously clueless on first read
mircea_popescu: my argument is
that you are ill equipped
to consider
things, as displayed by
the very dubious generalisation you just
tripped yourself with.
skinnkavaj: Maybe we should sell bitcoin
to a company
skinnkavaj: So your argument is like, with open source everything
that comes out is just crap?
mircea_popescu: a collectiojn of idiots being confused about what
they do != a free market.
jurov: and
this is not abut burnside. now
there's at least some
technical barrier
to keep your average noob/scammer
to start his own exchange
mircea_popescu: skinnkavaj
they had very huge fees. he is not rich. go figure.
mircea_popescu: moreover, poor idiots should not have access
to code
that SEEMS like it's doing something of
that nature.
mircea_popescu: burnside is poor now, for one. his btct never made anything for
the mention, for
the other.
mircea_popescu: skinnkavaj no it was about
the btctc "you're already rich"
thing
mircea_popescu: anyway.
the code contained a lot of good bits including enough info
to reconstruct a pw.
LorenzoMoney: and why are
they morons? oh becauseyou area fascist
skinnkavaj: mircea_popescu: Did you respond
to my comment i just made in neobee
thread?
mircea_popescu: supposedly if you
torrent some movie you're also open sourcing it, cause you don't need a license in
the first place
to cede rights.
mircea_popescu: after which one of
them,
the fabled amir
taaki, stole
the code and published it
mircea_popescu: ThickAsThieves
the relevant bit
there is, after
the
third
time bitcoinica was raped,
the "bitcoin consultancy" group of dorks self proclaimed into importance & relevance decided
to shut it down.
mircea_popescu: skinnkavaj hasa a very interesting
take on
the world :D
jurov: there was kinda such discussion with asciilifeform's proposal on
this
topic
ThickAsThieves: mp, please write a Here's Why Everyone
That Wants Decentralized Exchanges is Moron post
pankkake: "I'm posting my idea here since it hasn't gotten much attention in
the Project Development forum (0 replies)"
pankkake: instead of circlejerking on how colored coins are
the future
ThickAsThieves: "Direct shares is
the only way forward, at
this point.
The fact
that you have not put
together a direct share system shows
the short-sightedness of management."
ThickAsThieves: all
this decntralized exchange
talk is driving me batty
pankkake: they do learn,
though. in pain
pankkake: "i suspect it's quite possible none of
the recent kids ever got
to use desktops and simply don't know
the glory of comfort." yup
mircea_popescu: i suspect it's quite possible none of
the recent kids ever got
to use desktops and simply don't know
the glory of comfort.
jurov: is
there anything else
to do?
mircea_popescu: dude... kids
today. long
time on a laptop is fucking egonomics suicide.
mircea_popescu: "kept
to himself and spent full days buried in his laptop."
Diablo-D3: its a combination of a) opsec, and b)
THEIR opsec
mircea_popescu: anyway. mebbe it works out for you, but i'd keep on
toes.
mircea_popescu: lol. im sorry, but i have
to rely on reams of intel. i can't personalyl know everyone.
mircea_popescu: heh. anyone ELSE work
there outside of
that burlet fellow ?
davout: let's say
that
they understand fast, but you gotta speak slowly
davout: i'm not sure
they know about
the lemon party
jurov: hi davout, how long should
the b-c verfication
take?
bitesak: Matthew Green seems a good candidate
to review
the entropy of Cardano?
mircea_popescu: the mothership probably needs a different solution.
this is what
the xwingers use while in flight
mircea_popescu: nah, it's supposed
to be
the unbreakable instagpg item.
davout: yeah so it isn't really supposed
to be "The safe vault for your precious keys"(TM)