log☇︎
916800+ entries in 0.707s
seongyupyoo: i think big fee would be fine
seongyupyoo: then i'd need to provide many transation id as a proof of destruction
seongyupyoo: i should start running a pool where i keep the transaction fee lol
ThickAsThieves: you can send more than one tx at once i think
seongyupyoo: well, if i send a lot of small ones, it would be hard for the traders to check their fund was destroyed
seongyupyoo: would you guys like to hear the 4 problems, and my plan to solve them?
ThickAsThieves: depending on how mining pools snag them
ThickAsThieves: you might want to send a lot of small ones
ThickAsThieves: because you might not want to send a 100btc tx fee
seongyupyoo: i identified 4 big issues from all the feedback i gather today
ThickAsThieves: learn more about tx
seongyupyoo: i think that settles it then
ThickAsThieves: i think its bad
seongyupyoo: how bad is destroying to blackholeaddress?
seongyupyoo: i understand that, i thought there was another way to manually setting input and output
ThickAsThieves: but you would send .00000001 of it to yourself
maximian: send 0.00000001 BTC to any address, and specify a fee of 99BTC
ThickAsThieves: most of the destroyed coin would be sent as the tx fee
mircea_popescu: i think you'll have to read up on how bitcoin txs work
ThickAsThieves: you have to send an actual amount (i think) plus a tx fee
seongyupyoo: who is it going to and from?
seongyupyoo: i'm just trying to clarify how to make a transaction
seongyupyoo: so send money from my wallet to my wallet with 100 input and 1 output if i don't to give back 99?
mircea_popescu: you just check the tx in blockchain, it'll be there. 100 goes in, 1 goes out so 99 was miner fee
ThickAsThieves: easy you just link them to the tx
seongyupyoo: people will need to be able to see that their exact fund amount has been destroyed at that time
seongyupyoo: how verifiable is adding as fee though?
mircea_popescu: all bitcoin txs have some inputs and some outputs.
seongyupyoo: i'm not following you when you say make tx with 100 input to and 1 output
mircea_popescu: like, make a tx with 100 btc inputs, 1 satoshi outputs
seongyupyoo: so i got that now 1 and 2 are same and you just send to an address that no one has key to
ThickAsThieves: but the problem there is you are accelerating deflation
mircea_popescu: 3 you could just add it as miner fee in a tx.
mircea_popescu: you'll need to calculatge the checksums so it validates, but that's no big deal
mircea_popescu: seongyupyoo its simple, just send coins to an address that nobody has the key for.
ThickAsThieves: and you couldnt prove that you were
ThickAsThieves: you dont want to be a destroying coins
seongyupyoo: i don't know as i don't know how to do either
mircea_popescu: well, 1 justg send them to a fixed address like 1blackhole398759347589
ThickAsThieves: what's the difference between 1 and 2
seongyupyoo: i'm wondering what ways there are to do 1. really destroy bitcoins 2. blackhole it 3. give it back to blockchain
seongyupyoo: cool, so i've been thinking really hard about destorying, and really the only way this system would be viable if the destroy funds are either really destroyed, sent to void, sent back to blockchain somehow
mircea_popescu: buncha onanists, these people.
mircea_popescu: totally. this is so useful and everything.
mircea_popescu: A recent investigation has shown that the number of clicks on search results stemming from a given country correlates with the amount of investment in that country
asciilifeform: jcpham: idea: rape the algo traders who read this by implementing a contrarian algo
gribble: There are currently 21257.668 bitcoins demanded at or over 120.0 USD, worth 2718075.47269 USD in total. | Data vintage: 0.0060 seconds
gribble: There are currently 151705.18 bitcoins demanded at or over 50.0 USD, worth 12737481.7987 USD in total. | Data vintage: 0.0082 seconds
asciilifeform: epic troll? http://www.americanbanker.com/bankthink/governments-must-co-opt-bitcoin-to-avert-disaster-1058380-1.html?zkPrintable=1&nopagination=1
gribble: BTCUSD ticker | Best bid: 140.10015, Best ask: 140.98999, Bid-ask spread: 0.88984, Last trade: 141.22614, 24 hour volume: 187759.77712509, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.12243
mircea_popescu: lmao that's retarded.
mircea_popescu: "The Less That You Wear, the More You Need Nair!"
thestringpuller: haters everywhere, tell em to grow a pair?
mircea_popescu: oddly, it's the crackers sayin' it ain't fair.
thestringpuller: mircea_popescu, that's what they call you. bitcoin billi-on-aire, lots of niggas say it ain't fair.
gribble: BTCUSD ticker | Best bid: 142.25001, Best ask: 142.36000, Bid-ask spread: 0.10999, Last trade: 142.36000, 24 hour volume: 177752.29026620, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.50780
gesell: was from a long time ago
gesell: just reading the gox emails wrong
gesell: hmm... well i had a lot of orders at $88 that got fulfilled
mircea_popescu: gesell someone fucked up the wash trading ?
pgp3: maybe that was the limit price?
pgp3: what do you mean $90... I don't see that anywhere...
KRS1: look, its like this..this shit is nuttier than a port-o-potty at a peanut festival
jurov: should we tell him?
gesell: no really, i dont see much on reddit and wasnt around at the time
KRS1: some corn on the side too
Scrat: pizza was delivered to the gox headquarters
gesell: can someone explain what happened that caused the drop to $90?
gribble: BTCUSD ticker | Best bid: 142.16804, Best ask: 142.49990, Bid-ask spread: 0.33186, Last trade: 142.16804, 24 hour volume: 166821.51265896, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 143.49206
asciilifeform: sawdust in the gearbox, apparently timeless.
asciilifeform: don't look a gift horse... in the arse?
MJR_: (obsolete) To beat or whip; to drive.
MJR_: wow, talk about a time when context could really matter\
MJR_: To increase the liveliness of a horse by inserting an irritant, such as a piece of peeled raw ginger or a live eel, in its fundament.
MJR_: To decorate or improve in appearance through artificial means.
KRS1: driving down the interstate 5 lanes each direction at 80 mph buying and selling through my android in my diesel 4x4 truck
KRS1: wow that was fun
mircea_popescu: "to feague a horse is to put ginger up a horse’s fundament, and formerly, as it is said, a live eel, to make him lively and carry his tail well. It is said, a forfeit is incurred by any horse-dealer’s servant, who shall show a horse without first feaguing him."
gribble: BTCUSD ticker | Best bid: 132.79999, Best ask: 132.80000, Bid-ask spread: 0.00001, Last trade: 132.79999, 24 hour volume: 145217.59936021, 24 hour low: 120.08900, 24 hour high: 162.00000, 24 hour vwap: 144.61258
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a (1 more message)
joecool: panic time, fleanode netsplit
jurov: one needs to be constantly vigilant toward self... to not fall into habit of using self's intelligence to make others appear dumb, for example
jborkl: people panic so much, so easy to predict
jborkl: good call on that
jborkl: oh my people running at the door screaming
mircea_popescu: rather than updating the article i updated the price
mircea_popescu: jborkl there was a dude earlier telling me my article is out of date
asciilifeform: more like "prospiracy" (things that happen a certain way, because it actually makes sense, but having the appearance of purpose.)
gribble: MtGox lag is 2.923985 seconds. During this time, light travels 0.00585963320143 AU. You could have sent a bitcoin from Jupiter to its largest moon, Ganymede (0.007155 AU).
mircea_popescu: tbh i think he's just mildly retarded.
asciilifeform: rms above is a bad example. he has a "mad hermit" image (external and internal, as well) to maintain.
mircea_popescu: yes. sometimes hard to distinguish from outside.
MJR_: mircea_popescu: avoid challenges that can't be avoided...hard to explain i guess, but some things have to be done, not talking about wasting effort
jurov: i see the roses i bought were put to good use
mircea_popescu: "honey... gotta put these in water"
mircea_popescu: with cats its prolly the conspiracy of being cute.
asciilifeform: sort of how cats spend most of their time sitting around. efficient predators.
jurov: yeq. i went into bitcoin in hope to avoid some challenges, too :D
MJR_: anyway, people either avoid challenges or welcome them, that is a great heuristic for separating out those who will learn and those who will do what they are told
Scrat: can't, the bath is proprietary