929100+ entries in 0.633s
mircea_popescu: nah
this doesn't work on
the otghers. wors on your own
kakobrekla: broadcasting is
the smaller part of
the
transactio
benkay: unless you can get
them
to send
the
tx
to you
benkay: you have
to be broadcasting your own
txns
benkay: ha you can't do
that
thickasthieves
ThickAsThieves: so how do i get my
tx from outside services
to go faster
jborkl: I got my stratum servers running
today
mircea_popescu: ThickAsThieves
the asics have little
to do with
tx processing.
they just hash.
benkay: kinda buy into claim resolution, which is not a scalable
thing
benkay: big
text box for receipts/contracts
benkay: the
thing would be relatively simple
to implement
benkay: when you can use
the underlying crypto?
benkay: why put it in
the blockchain
pgp: you can put whatever
text you want into a
txn...
pgp: a practice of requiring 2/3 key
to unlock an address for owner, auditor, lawyer (in case owner dies) seems like a good start
benkay: in addition
to keysharding, i want
to see merchant receipt/contract
tracking as well
benkay: smickles should really get on
that.
benkay: witness ALL
THE
THINGS.
pgp: watch -
tradtional accounting and auditing firms are going
to get involved in
the bitcoin security game - and insuring deposits while
they're at it...
benkay: sure, but shard holder ameliorates
that risk by charging a fee for a useful service. some fraction of which fee should go
to ops
to blah blah blah
mircea_popescu: the fact
that we know you hold shards adds a risk
to you as a shard holder.
benkay: i'm looking at en-robust-ifying
the
thing
mircea_popescu: why use a publicly known and
thus attackable holder of shards.
benkay: allowing one
to leave slices with
trusted relatives in addition
to untrusted banks around
the world
benkay: secret sharing allows one
to reconstruct without all shared slices,
though
benkay: because nadja and
tanja have a
tendency
to bitch out and cannot be depended on for professional service, other
than
the oral kind.
mircea_popescu: suppose
this russian guy has a wife which wife has a sister.
benkay: do y'all see any use in
the btc economy for entities
that hold slices of private keys for users?
burnside: yeah, I'd be worried about anyplace you have a lot of btc
that doesn't have a manual withdrawal process honestly.
thestringpuller: mircea_popescu: yes which is why as youve stated
the presence of big players (as yourself) keeps
the economy from having a complete collapse. i pose a scenario where
the noobs become educated. what occurs when
the economy is composed of more competency?
burnside: you always plug 'em in in
the middle of
the night!
burnside: sometimes I process
things a lil slow
burnside: they do
that so
they can slather
them with pesticides and herbicides
pgp: sometimes you have
to go down
to go up...
burnside: the problem with gmo's is half
the work
they do is
to make 'em pesticide/herbacide resistant.
mircea_popescu: correction without collapse => show of strength. no bubble can do
that
mircea_popescu: all
the "it's going
to 500"
talk was putting us on
the spot
thestringpuller: mircea_popescu: you said in your article "The situation in
the market was becoming macroeconomically concerning, in
the following sense : major holders were done selling,
the vast majority of
trading action consisting of
trades among newcomers brought in by
the recent significant press exposure" it seems noobs were about
to cause a bubble and if left "unkempt"
the herd mentality could cause catostrophic issues
to
mircea_popescu: looking forward
to
the woman made out of eyes,
tits and ankles only.
mircea_popescu: i dunno why people hate on gmo food.
these grapes are
the size of prunes,
taste like grape juice and have no seeds at all.
gribble: BTCUSD
ticker | Best bid: 142.80001, Best ask: 143.49999, Bid-ask spread: 0.69998, Last
trade: 143.77119, 24 hour volume: 69859.70987158, 24 hour low: 130.24303, 24 hour high: 144.94000, 24 hour vwap: 138.54781
benkay: i say: "you know how your beloved government doesn't let you invest in profitable
things? bitcoins are exactly
the kind of
thing you're not supposed
to invest in."
mircea_popescu: pgp
turns out would is auxiliary
there, not personal, so it was correct
benkay: mircea_popescu: i advocate
that perspective daily
pgp: would
that we would have?
pgp: I suppose
that's safer
then
them doing it
themselves - lol
pgp: mjr and I are FLOODED with requests from our collegues, friends, and drinking buddies
to buy bitcoins FOR
them...
mircea_popescu: [at
the
time in
the past we're discussing,
this other event had already definitely happened in
the past], how do you say
that
pgp: i just hope
that bitcoin public image doesn't get
too bruised getting
through
this growth spurt
mircea_popescu: i
think we'll have
to slowly change
the sales pitch on bitcoin from
pgp: seriously,
though, only bad
things happen
to noobs and bad
things can happen easily in bitcoins if you don't know what you're doing...
mircea_popescu: that's why he's calling you. cause he has a car at
the airport.
mircea_popescu: friend calls you on
the phone, "hey, i'm stranded at
the airport" "well... get in your car and here's driving directions"
mircea_popescu: yeah, it's always funny when people resort
to definitions in an argument with
the avg redditor.
pizzaman1337: "He does not understand
these words, as is
the case with all
the words he uses." < best line
jurov: topace|2:
trying
to register on havelock, no mail comes, nothing in spam folder either
pgp: rise in btcusd is nice 'n all, but
the mad rush in by noobs does have its downsides...
gribble: BTCUSD
ticker | Best bid: 142.62742, Best ask: 143.00000, Bid-ask spread: 0.37258, Last
trade: 142.62742, 24 hour volume: 69848.45947306, 24 hour low: 130.24303, 24 hour high: 144.94000, 24 hour vwap: 138.48970
MJR_: i mean,
this IS on 13% of
the shares...and only on
the small percentage of which are
traded
mircea_popescu: a lot of newbs playing around introduce distortion in
the marketplace.
MJR_: i am very happy from a "get
the best investment" perspective
MJR_: i am only annoyed from a "show
the best performance" perspective
mircea_popescu: the ability
to make bad deals is what
teaches people
to stick
to good ones.