845100+ entries in 0.612s
Vexual: i remember something an old italian man
told me, ingenious, i have
to poke it in with a stick
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Vexual: a beautiful culture in
tune with an old language, great for
thought
Vexual: and italians improved had made hash production in
the himilayas
Vexual: you know rastas replace
the word vital with ital
mircea_popescu: which suggests a great line
to me : whenever someone wants
to featurecreep me, i shall go "we're doing a cardan joint not a
thomson coupling here"
Vexual: like some
trustless gyroscope
Vexual: i must have really skimmed wikipedia
that
time
Vexual: the name of
the guy, who your gpg key is named after, whos name i forget becuase i didn't know of him before
Vexual: im pretty sure
theres no copywrite on
those images
Vexual: nothing
to rub against,
that bests beans in
the sausage soup
pankkake: it's
the first step
to any successful project!
mircea_popescu: just about. decentralised
trust is about as clever as decentralised cunt.
nubbins`: y'know, i
think everything but
the delay could be worked around
pankkake: from what I see,
this is going
the way of
the decentralized facebook
mircea_popescu: moreover, you will have a sensible delay in all
trades. what's better, one day a year of no
trading or half hour lost
to settle each individual
trade ?
nubbins`: well, if it's forked, lots of
things are impossible
nubbins`: it's
trivial
to verify a legit
tx
nubbins`: if
the
transacting parties agree,
there's no need for
the escrow agent at all, but you're correct in
that
the system would hinge on having a supply of readily-available escrow agents
mircea_popescu: they;'re a useful
tool in some contexts, but you still need
to have an escrow agent
Vexual: og blockchain is
the gold standard, accept no substitutes
mircea_popescu: multi-sig
txs are not a solution
to
the escrow problem really.
mircea_popescu: nubbins` you can, but you have an escrow problem each
time you do.
nubbins`: i'm assuming you keep records of who owns what? suppose you didn't have
to
nubbins`: mpex servers melt
tomorrow, no
trading; i can still send a dust
tx
to
transfer my colored address shares
mircea_popescu: which reduces
to a slightly braindamaged reimplementation of mpex.
mircea_popescu: nubbins` here's
the
thing : if you do it with addresses you don't really need
the blockchain, might as well do it
to gpg signatures.
nubbins`: another
tab next
to "receive money" on your blockchain.info account
nubbins`: nothing
that couldn't be
trivially implemented in any desktop or web-based bitcoin client
pankkake: I'm still waiting for any
technical insight on colored coins, so far I only see circlejerks (like
the reddit shirt fundraiser)
mircea_popescu: because
the handkling of fixed addresses is poorly understood because, again, idiots.
nubbins`: the only
thing direct shares need is a way
to post bids and asks
nubbins`: tying assets
to individual coins and not addresses doesn't make any sense
pankkake: from what I understand, colored coins aren't much better
than asicminer-style direct shares
nubbins`: until
they send a dust
tx
to someone else saying xfer 50 s.gem or whatever
nubbins`: i send a dust
tx
to address 1abc, with note "xfer 100 s.gem", so address 1abc is assumed
to always possess
those 100 shares, permanently
nubbins`: why not
tie
the shares
to
the address, not
to any particular coins?
nubbins`: i mean, if
the idea behind colored coins is
that you have
to make
this huge
tree of
transactions
that have some sort of magic dust in
them
nubbins`: why can't i just send pankkake a dust
transaction with "xfer 100 S.GEM" in
the note field?
pankkake: well, ok, you have
to add incentives
to merge mine it
nubbins`: separate blockchain would be vulnerable
to 51% attacks
pankkake: why even use
the bitcoin blockchain?
nubbins`: and
things
that don't make sense don't get implemented
Vexual: couloured coins isn't even a
thing
nubbins`: but why
the fuck would you design it in such a way
that
the "color of
the coins" (i.e. your shares in company x or whatever) could ever be lost?
nubbins`: "A valid Bitcoin
transaction which does not follow
the special colored format, will be recognized by
the Bitcoin network, but not as a legitimate color-preserving
transaction by
the colored coin network.
The color of
these coins will be lost, and hence users and software clients need
to be careful
to avoid doing
this and losing
their value."
Vexual: im joking people, hes moving
to
tokyo
nubbins`: after an admittedly short search, i wasn't able
to find a whole lot of
technical info on
the
theory behind colored coins, but i found
this odd snippet in a paper:
gribble: ukto was last seen in #bitcoin-assets 1 week, 2 days, 17 hours, 12 minutes, and 18 seconds ago: <Ukto> yeah.
there are easier ways. :)
Jere_Jones: He seems
to be MIA for over a week now.
Vexual: hes maybe moving
to okinawa
Vexual: plebs will only be able
to send coins using services affiliated with mining conglomerates?
Vexual: hows
the 250k block gonna work in 5 years?
pankkake: I see. cool. I wasn't able
to find a good documentation on
the matter earlier
pankkake: oh,
the bigger it is,
the faster it ages?
pankkake: that's why I
thought of having multiple old coinbases, of many values
pankkake: if
the change address is self,
then it's still considered old?
pankkake: indeed. I was actually
thinking of how a service could
try
to lower its fees by coinbase optimization
mircea_popescu: in
the sense
that old coinbase are worth
that many btcdays
kakobrekla: you can do 1 satoshi
tx and attach 100 btc
to it for bloat and its free
pankkake: it's how I chose
the amounts I bitbet usually, I
take a full input :)
kakobrekla: you can easily add bloat btc
to make it free
pankkake: I'm becoming addicted
to zero fee
transactions. it's like gambling except you eventually win
mircea_popescu: According
to Pileggi, Scorsese cold-called
the writer and
told him, "I've been waiting for
this book my entire life."
To which Pileggi replied "I've been waiting for
this phone call my entire life".
Lennix: any updates from ukto regarding refunding
the bugged fees?
mircea_popescu: interestingly,
the chick is actually french and she doesn't speak romanian. learned it phonetically.
pankkake: it's funny because it's
true. French
translations are pretty
tame
mircea_popescu: english is so banal. i can only imagine what
that'd have sounded like in romanian.
ozbot: Jay And Silent Bob Strike Back:
The F*cking Short Version - YouTube
pankkake: there's also youtube videos with only
the fucks
mircea_popescu: i
think it's pretty much useful as a way
to write for smartphones, but it does run in linux.