862500+ entries in 0.547s
gecko_x2: namely
time-release encryption
gecko_x2: the blockchain allows for a new
technology
that might be revolutionary for a society
ThickAsThieves: this excercise is partly what led me
to realizing
the value of current bonds
ThickAsThieves: i
tried designing a new
type of mining future
that was shorter
terms, more dynamic
mod6: i
typically like
to use redundant storage systems for mission critical stuff -- if
the budget permits it. which funny enough, lots of places
thing
they're "good" with just one SAN.
mod6: well, live and learn. i bet he'll never use something like
that again
mircea_popescu: only
to have
to like, build shit oout of mud and hay
to fix
things up under his smh gazer
mircea_popescu: it's one of
those
things where
this guy who is clueless in your field (me) has very strongly held beliefs you disregard because you're
the sysadmin
deadweasel: CTRL+SHIFT+T will undo closed
tabs
ThickAsThieves
mod6: looks like
the site is back up
tho. so \o/
gribble: Next difficulty estimate | 79561611.338 based on data since last change | 89922039.8386 based on data for last
three days
thestringpuller: mod6: i wanted you around for
the discussion about jre being used for raid arrays
mod6: (07:41) <
thestringpuller> where is mod6 << hey! :P
Rawted: actm is really living up
to ken slaughter's prowess
mircea_popescu: as in, look,
they're getting bitcoin, let's
take our business
there.
mircea_popescu: ThickAsThieves i suspect
the entire exercise is more a sort of celebrity endorsement
to get us
to
take ridell seriously
mircea_popescu: TomServo
the
thing with clows is
that
there's no who associated.
TomServo: #7 - It's more complicated
than linux. hahaha
ThickAsThieves: Strauss spoke at Bitcoin 2013, and published his writing in American Banker. He was also quoted in
The Hill’s regulation blog."
ThickAsThieves: "Friedberg has spoken at industry conferences including Bitcoin London and Bitcoin 2013, and has been quoted in major publications such as Fox Business,
Tech Cocktail, and Business Insider. Friedberg has also published his work on
the Bitcoin Foundation blog.
ozbot: Legal Firm Riddell Williams Hires Bitcoin Experts
to Lead Payments Practice | On Bitcoin
mircea_popescu: and
tyrying
to open a new exchangwe when i fucking
told
them
they have no business doing so w/o resolving
the previouis
mircea_popescu: it's a shutdown which
they claimed was one
thing and
then it
turned out
to be another,
pankkake: (late response) if sha256 is efficiently cracked, you have more problems
than
that
taub: aand just went
to 134
JimmyJazz: People feel secure
trading on
the platform.
JimmyJazz: I'm
talking from a marketing background of changing
the brand and image becuase of a few shutdowns. Does not make sense
the strongest asset is
the brand and
that it is an alternative
to Gox.
gribble: MtGox BTCUSD
ticker | Best bid: 140.00000, Best ask: 140.19999, Bid-ask spread: 0.19999, Last
trade: 140.00000, 24 hour volume: 33352.15152918, 24 hour low: 128.56000, 24 hour high: 142.76173, 24 hour vwap: 135.03696
taub: some big news or why did price jump
ten bucks
mircea_popescu: JimmyJazz i rthink you have no clue wtf you're
talking about.
TomServo: mircea_popescu: what's
the 'sf' in crypto-sf?
JimmyJazz: I
think people have accepted
that
these kind of shutdowns will happen in
the growing stages. Lets hope
they get back
to operating.
fractal: they'll have
to rebrand/rename
themselves
ThickAsThieves: He ended
the announcement by saying “We look forward
to resuming operations soon.”'
ThickAsThieves: Tradehill CEO Jered Kenna has posted an announcement on reddit noting
that
the IAFCU ”has experienced operational and regulatory issues and we are no longer able
to continue our relationship at
this
time.”
ThickAsThieves: 'The San Francisco based company made
the news last week when it announced it was opening an account with
the Internet Archive Federal Credit Union. In
the emails shared by customers on Wednesday,
Tradehill stated
that it was “suspending its relationship” with
the IAFCU'
mircea_popescu: when all his "important" friends assured him
tjhey'll wash his corpse in ezxchange for a few meals ?
mircea_popescu: ThickAsThieves do
they quote
the MP is your god forum post or do
they carefully eschew
to say who fucked kenna,
jorash: #1
There are quantum algorithms which compromise or crack SHA. #2
The question of whether classical machines can efficienty simulate quantum computers is open (ie. Does P=BQP?). #3 If some entitiy proves P=BQP,
then
they can
theoretically run quantum algorithsm which mine faster. Nothing non-sensical, nothing illogical, nothing impossible.
ThickAsThieves: 'One day after customers reported receiving emails indicating
that Bitcoin exchange
Tradehill was closing shop for
the second
time in as many years,
the
trading service confirmed on its website
that it had “temporarily suspended
trading.” '
ozbot: Tradehill Confirms
Trading Suspension – Bitcoin Magazine
mircea_popescu: if it's of any practical value go make
the bet. if it's not it presents no interest.
ozbot: New Snowden Leak Reports 'Groundbreaking' NSA Crypto-Cracking |
Threat Level | Wired.com
jorash: You understand, you're defending computational inefficeincy. What you're essentially arguing is
that brute force is
the fastest possible means of mining.
jorash: You don't even know
the
theory I espouse, yet you call it nonsesne... hmmm
mircea_popescu: "you can't short my putative
theoretical nonsense which i might deliver just you wait"
jorash: Unfortunately
there's no means of shorting my corp :p
mircea_popescu: jorash i;ll bet you
that you don't crack sha. how about
that ?
jorash: Basically, it would work like
this. Quantum emulation cracks SHA-2. Quantum emulation also allows for quantum key distribution.
Thus, in compromising
the mining, you also get superior security measures (which need
to be imlpmented and adopted by network
to be effective)
fractal: jorash: actaully sorry, you coudln't spend anyones coins because you'd need
to crack ellipitcal curve for
that..... but
the network would be DDoS'd, somoene could find an empty block every second and broadcast it --
jorash: add
the additional layer,
that
the cracking of SHA-2 would also imply
the allowance of new security protocols
fractal: because anyone could spend anyones coins at any
time
jorash: imagine
the wallets will still be secure
fractal: jorash: anyway, you have my answer,
the exchange rate would drop until someone bought
them all,
then stabalize -- all else being equal
ThickAsThieves: because
there are only
two possible answers and both amount
to bitcoin being broken
fractal: jorash: mining would work
the same way even when all coins are released
mircea_popescu: fractal well hypotethically what would happen is clothes going out of fashion and
the world
turning
to a massive orgy, in
that case.
jorash: fractal,
the mining would be a very efficeint process, so mining wouldnt be a cost intensive process, you wouldnt need many nodes
to keep mining
fractal: right, he's saying hypothetically if everyone was OK with
them all being released, what would happen
jorash: no
that answer would be known, mircea... and well publicized
mircea_popescu: fractal it would doom
the coin because
the question "how did
the seller get
the coins" couldn't find a satisfactory answer soon enough
jorash: mircea,
the only viability of a given service/product/system is
the number of people using it.
The intelligence is solely ont he people developing applications for bitcoin
to make it easier and more secure and ubiquitous