log☇︎
855100+ entries in 0.638s
mircea_popescu: somehow begging the question, this thing.
mircea_popescu: it does have that by default by the time people are putting it in as space heating
asciilifeform: the argument i was trying to make is that mining needs a certain minimal return for it to make sense even as a space heater replacement.
mircea_popescu: as such prices will float to balance.
mircea_popescu: it's true that fabing has a significant upfront cost, but at stake is not an improvement in energy efficiency,
asciilifeform: this is invariably many times more than the energy (or materials) cost of making an ordinary coil heater.
asciilifeform: benkay: I was talking about the amount of energy spent in producing the chips
benkay: you still have to dump juice in
benkay: you still have to dump heat in
asciilifeform: and by the time we get the ASIC water heater, it will yield - what - a satoshi a day?
asciilifeform: benkay: no matter what you do, resistance heat coils are still cheaper - if only because nobody cancelled thermodynamics (look up how many joules it takes to fab even 1970s silicon.)
benkay: asciilifeform: eventually the hardware will be cheap enough to put in waterheaters and floor tiles. that's the endgame. none of this humans mining shit.
dub: and of course the gamblers trying to win the idiots money
dub: just a alot of idiots donating heavily to their own education
mircea_popescu: try that. it's originally buffett's.
asciilifeform: where the only people guaranteed to profit are the hardware vendors (and the truly heroic profits go to vapourware vendors)
asciilifeform: scam in the sense of being a 'race to the bottom'
mircea_popescu: actually./.. the chick has something.
asciilifeform: or is this simply too obvious for an interesting conversation...
asciilifeform: anyone link to a good discussion of how mining itself (unless you're 2 or 3 steps ahead of the plebes' game tech-wise) is a scam?
mircea_popescu: i prefer to look at bitcoin flows rather than the crazy threads.
dub: sadly looking at the labcorn thread I can't see her having made any impact
mircea_popescu: arguably with more success, owing to the relative cluelesness of teh forum tardcloud pre mpoe-pr & other meanines.
mircea_popescu: iirc bfl did exact same thing.
jurov: more pictures would disturb their chi
mircea_popescu: step 1 : no proofs. people clearly delineate whart proof is needed. step 2 : list of irrelevant crud masquerading as response to step 1. people clearly delineate why this doesn't qualify
mircea_popescu: Duffer1 this is an old scammor trick. it goes like this :
Duffer1: labcoin is the gift that keeps on giving, AmAZING COMPANY
Duffer1: "Probably no more pictures as they only do create more confusion." clearly what they need now is even LESS communication
mircea_popescu: they think this is what "professional" means.
Duffer1: i can't decide what they sound like more: desperate scammers, or desperate incompetents
pankkake: https://bitcointalk.org/index.php?topic=263445.msg3155468#msg3155468 wow, I didn't see those earlier
mircea_popescu: it's the sort of endeavour that attracts the failful.
mircea_popescu: it's not nice they;'re also scammy fucks, but what can you expect.
mircea_popescu: it's nice that some people have stepped up to waste govt's time to no avail.
mircea_popescu: what the fuck does a distributed network need a spokesperson for ? it doesn't. it's the government that needs someone to talk to.
mircea_popescu: if you think about it, a foundation is exactly antithetical to bitcoin.
thestringpuller: eventually all the idiots will be consumed by the woodchipper
thestringpuller: they would put their arms into said woodchipper
thestringpuller: idiots would be attracted to it right?
Duffer1: it's not even investing at this point it's gambling on long odds
kakobrekla: im not telling for free!
mircea_popescu: donate to the nsa-tor-bitcoin foundation ?
mircea_popescu: "good price to enter for extreme risk takers" -> "excellent way to waste your btc"
thestringpuller: I'll take 25 btc worth
Duffer1: good price to enter for extreme risk takers
thestringpuller: i like how we're all sitting here watching this actually happen
thestringpuller: poor people need to learn to hustle
Namworld: oh... not that kind of bargain.
mircea_popescu: i thought all you did was hunt bargains
mircea_popescu: it's the one skill poor people most desperately need and most utterly lack.
mircea_popescu: the only way this will be resolved is through the making of prototypes.
mircea_popescu: it's extremely difficult to evaluate claims of quantum computing in a theoretical sense.
benkay: "papers are to tweets as academics are to americans"
benkay: although they could just as easily be just as worthless
benkay: i'm reading papers though not twitter
mircea_popescu: also keep in mind the observation that it is quite common for people with no ability and no understanding to try and compensate through the imaginary creation of "communities" like minded
benkay: even if the device doesn't exist, and nominally simulating codebases are hard to test
benkay: i'd be willing to accept their claims that they work on quantum computation
benkay: so if someone who understands how bits flopping back and forth and existing in superposition can be knotted together into a theoretical computation device...
mircea_popescu: (except he didn't build anything as the t machine is an abstraction, but anyway)
mircea_popescu: that's true.
benkay: there was no turing machine before turing built it, and yet he was working on computation before that machine existed.
mircea_popescu: seeing how there;'s no quantum computers.
mircea_popescu: and importantly, i'm not aware there's a "quantum computer community"
mircea_popescu: chose to neglect it, much like the us had ample warning re the 2001 attacks and chose to ignore it.
mircea_popescu: actually they did.
benkay: sure, and the nazis had no proof that the enigma was cracked until they lost
mircea_popescu: there's no proof of that any more that there's proof of elvis still being alive.
benkay: i'm hazarding that someone with oodles of resources may have come up with a fast way to factor big integers
mircea_popescu: and finally all generalisation is the work of the motherfucking devil.
mircea_popescu: benkay all crypto is not broken, all businesses are not scams, all polticians are not corrupt, all governemnt is not welfare socialist crap, all niggers are not thieves, all women are not stupid
benkay: and that the snowden leak was so well pulled off because it's actually not real
benkay: and given that the nsa figured out the fundamentals of rsa before rivest shamir and adelman, i'd bet they have a functional quantum emulator in silicon
benkay: there's this idea floating around the quantum computing community that you can emulate certain types of quantum gate networks in traditional deterministic, irreversible silicon chip architectures
benkay: operation whatver, i forget the precise name of the situation
benkay: see also the trivial amounts of money being dribbled into d-wave
benkay: i'm beginning to suspect that all crypto is broken and that this is a distraction a la dropping the dead diver in the water with important papers w/r/t spies to cover up the Enigma cracking circa wwii
mircea_popescu: the cryptowank is dear to our hearts.
Namworld: I still follow the USA's screw ups, yes
asciilifeform: for anyone still following the cryptowank: https://www.schneier.com/blog/archives/2013/09/new_nsa_leak_sh.html (comments)
mircea_popescu: pls to not be confusing on the irc.
mircea_popescu: thestringpuller is butthurt or thestringpuller's butt is hurt ?
jurov: someone else came with a whip and now thestringpuller is butthurt
benkay: if you believe that i have an asic ipo to sell you
thestringpuller: No, that's not what happened! What the fuck is wrong with you people :P
thestringpuller: on thing led to another
thestringpuller: she was like "That is the sexiest spreadsheet I've ever seen"
Namworld: My portfolio tracking code? You used it to showcase your portfolio and found a bitcoiner who totally got horny looking at it?
benkay: i want to hear more about this
Namworld: You popped out of nowhere with that. Did I do something or what?
jurov: i know. just wanted to see if he reacts
mircea_popescu: jurov twas a joke.
Namworld: What was that about?
benkay: actually i prefer the Notorious BIG's approach:
benkay: we have Brownings atop this castle.
benkay: i'm sufficiently isolated to not care
mircea_popescu: i hope you realise this means war!!
benkay: listen, if i'm privileged, i don't have to deal with your idiot notions of power.
benkay: hence the humor inspired by people running around hooting about privilege