log☇︎
906600+ entries in 0.661s
mircea_popescu: same was true of 2012
mircea_popescu: this is true
mod6: they say that more people have turned in their US passports this year than in any other year in history.
mircea_popescu: soon there's goping to be all this us persecuted intellectuals flocking to the russian embassy
mircea_popescu: i think putin is loling hard atm.
mircea_popescu: lol this irs/teaparty thing is going great.
optimator: so on to happier thoughts
optimator: but I say that with a :(
optimator: broken trust
optimator: oh geez, I just got sucked into Tilde’s story
KRS-1: what was gox volume this time last year
asciilifeform: trillion dollar transactions in fiat are secured via "Ultima Ratio Regum."
asciilifeform: recall the fellow in MP's comments who implied that secure systems were used by banks to secure "trillion dollar transactions" ?
KRS-1: I'm about to go back to forex
asciilifeform: anyone who cried over the ending of "shall be delivered" (http://thewhet.net/2012/shall-be-delivered/) hasn't really made peace with the cold equations yet.
mircea_popescu: i'm just saying, a relationship of trust isn't a weakpoint per se. it can be a strongpoint.
asciilifeform: btc is the first step into the fun world of interstellar commerce, where fuckups are between you and your gods to cry over
asciilifeform: so far, whenever banks get burned, ultimately some nice fellows with printing presses (or automatic weapons, if need be) show up to make them whole again.
mircea_popescu: trust is central to society, and to the continuation of teh species.
ThickAsThieves: TAT.ASICMINER just passed S.MPOE for all time sales volume on BTCT.co
mircea_popescu: just because you're a shut-in doesn't mean the world can work on your paradigm.
optimator: mircea_popescu: I agree your model works, but if, in my example, c does bad stuff - I don't think you can tell. You simple have trusted others in the chain
mircea_popescu: in general commerce has always worked on the basis of reconciliation
optimator: asciilifeform: please we call it a haircut, don't refer to the customers as chumps
mircea_popescu: asciilifeform you read that excellent piece re base vs acid ?
asciilifeform: btc is where the cold equations meet your skin up close and personal
asciilifeform: banks, interestingly, don't terribly mind being hackable, because sovereigns can sort of reverse their fuckups for them. and at any rate, they pass the cost onto chumps.
mircea_popescu: the most they can do is relay.
mircea_popescu: you can to this day send orders to mpex via proxies no matter how dirty.
mircea_popescu: optimator recently we've had some practical testing of this.
optimator: What is it does A->B->c->D and c is the bad guy?
asciilifeform: mircea_popescu: the fact that all of your assets appear to be roughly where they are supposed to be is proof only of your good fortune.
optimator: how about firmware signed with their public key. I have to trust they exchanged it with A who exchanged it with B that finally gets to me
mircea_popescu: the fact that one can still hack banks to this day is proof enough
optimator: no that's where I *trust*
mircea_popescu: asciilifeform i don't seem to have much trouble buying a computer
mircea_popescu: nobody promoted you to the job of wire central clearance house.
asciilifeform: mircea_popescu: yes, but the false implication is that someone, somewhere on Planet 3 can actually buy a computer. in actual fact, they can only buy a "combuder."
mircea_popescu: they send it to their correspondent with instructions
mircea_popescu: optimator if you transfer money via wire you send it to your bank with instructions
optimator: following the example... if I want to transfer money via wire to another bank, then my bank establishes a relationship with bank b. I trust the key exchange has worked. Bank b is X+2. For X-n the WoT breaks down
mircea_popescu: and try to inject tyhem into trade as combuders or w/e
mircea_popescu: the chinese may make plaster things which on the surface look like computers
mircea_popescu: i don't think it's anything of the sort.
asciilifeform: "The "you don't own your computer" paradigm is not merely wrong. It is violently, disastrously wrong, and the consequences of this error are likely to be felt for generations to come, unless steps are taken to prevent it."
mircea_popescu: only an american could actually think this.
mircea_popescu: these parties, factoring in all their interests, and that the argument is simply a matter of degree: who should be given how much control, and by what mechanism."
mircea_popescu: "Participants in the DRM debate implicitly hold the view that the ownership of your operating system, your personal information, and your media is a complex, joint relationship between you, your operating system vendor, the authors of the applications you run, and the owners of any media that pass through that application. Prevailing wisdom is that the way any given software behaves should be jointly determined by all
asciilifeform: imagine if someone were to "root" your eyes and your hands.
mircea_popescu: optimator for some reason i don't see the problem you see ?
asciilifeform: you are trusting the work of ten thousand people (some of whom think your flesh is rather tasty) when you ask it to represent the world to your eyes and act on your behalf.
mircea_popescu: you give them yours they give you theirs as part of account opening
optimator: how do I get their public key?
asciilifeform: what most people don't get is that your computer is your priest, doctor, and shrink all in one box: http://glyf.livejournal.com/46589.html
mircea_popescu: because they sign your slip with their signature.
optimator: the further you are away from x+1 the less trust you can have
optimator: mircea_popescu: yes, but all predicated on trust - even WoT has issues scaling
asciilifeform: and, of course, the grandfather of them all: http://en.wikipedia.org/wiki/The_Cold_Equations
mircea_popescu: optimator no but look, the very notion of identity, ie, the possibility to distinguish X from Adam
optimator: mircea_popescu: trust, you have to start somewhere
mircea_popescu: anything pretending to exist outside of a cryptographic identity is living in a state of sin.
asciilifeform: recall the story by your PR girl?
mircea_popescu: no such thing is possible.
mircea_popescu: the problem quite fundamentally is a pretense to have identity outside of cryptography
asciilifeform: but when you routinely unearth the plaintext onto potentially-compromised hardware, you are shitting in your kitchen
asciilifeform: except that phrasing the problem as a failure to encrypt is misleading
asciilifeform: on a new machine architecture, that crypts ram/disk natively, and a number of other essentials...
mircea_popescu: one that crypts natively
mircea_popescu: somebody needs to make a new tcp/ip stack
mircea_popescu: i thought that;'s where you made it.
dub: but.. thats where I spend it?
mircea_popescu: worse than the toilet
asciilifeform: the one common idea here is that keeping one's money in a public toilet is a Bad Thing.
mircea_popescu: i guess in the competition for "worst idea to date" they're all winners.
mircea_popescu: very true
asciilifeform: my point, though, is that even if you dispense with the convenience of sessions and go the full-bore "hair shirt" with a paper one-time-pad or whatnot, a compromised machine is still a compromised machine.
mircea_popescu: i mean when it was originally introduced it was like... fuck this shit, nobody cares, it's for some blog.
asciilifeform: but the chumps love it (except when they don't, yes)
mircea_popescu: actually tbh the "logged in" concept, rested on supposed sessionization of a stateless protocol is, imo, the most ridiculous idea of mankind to date.
mircea_popescu: yes but this is worse.
asciilifeform: the whole pc orchestra (incl. but not limited to wintel) is idiocy from hell.
mircea_popescu: imo sessions are this idiocy from hell.
optimator: asciilifeform: my vote for best laugh tonight
asciilifeform: it is rather like, most people are only vaguely aware that they have livers, until the shot rings out and there is an extra bodily orifice suddenly present.
mircea_popescu: i don't think she actually understood before what sessions are and how they work
asciilifeform: perhaps consumers should be encouraged rather than discouraged in their belief that their pc is alive and is inhabited by devils.
mircea_popescu: anyway, as you say. mtgox does not talk to yubikey, it talks to teh computor.
optimator: "If mircea trusts me with BTC I cant be too much of a fuckup." optimator wipes tear
asciilifeform: the proper course of action in a case like this is to 1) publish a (sanitized) image of your hdd and 2) perform manly seppuku if necessary
mircea_popescu: asciilifeform one of, the one with the daytrading.
mircea_popescu: basically this is a stolen session
mircea_popescu: "Edit2: I was finally able to log into my account and found an API key with full rights to everything. I never made one, wtf does this mean?"
asciilifeform: wait a sec, this was your camgirl ?
asciilifeform: someone should sit with the chump, and patiently explain that mtgox doesn't talk to your yubikey. it talks to your idiot consumer pc that happens to have a yubikey plugged in, and a display that can output whatever your new owner wants it to.
asciilifeform: "my house was raided by interstellar bandits, and they took my TV set to alpha centauri." - "please file a police report."
asciilifeform: gotta love the advice to file a police report
mircea_popescu: actually... there's an update to the story.
asciilifeform: and if you find a fresh one, I do hope you have better sense than to tell us.
optimator: assuming the base has been compromised, or our you suggesting the base could become compromised through a virtualized OS
asciilifeform: for instance, AFAIK most x86 virtualization setups leak info through the tlb cache (timing)