94900+ entries in 0.031s
mircea_popescu: it's almost as good as "you can't tell who sent who what"
mircea_popescu: anyway. taking away the miner choice wrt to what transactions are included would be a major step forward, goes on the list.
mircea_popescu: nodes live and die by their promises ; miners live and die by their mining.
mircea_popescu: they go running the streets finding an acceptable one.
mircea_popescu: mno, miner ifnormally tells his nodes he wants txn ; much like lord of manner tells women of the house he wants a girl added.
mircea_popescu: and clubs pretty much MEAN "collection of hired sluts"
mircea_popescu: also restaurants hire, you hear me, HIRE schmucks to sit down.
mircea_popescu: that if you wait long enough eventually an airplane will fall into your yard does not make airplanes a free product outside of the airplane market.
mircea_popescu: thats the cost of market usage. i can do it when i want.
mircea_popescu: why, because they gotta registger their transactions with you ?
mircea_popescu: you see a guy with a hot woman, she's sucking his cock. 0 fee ?
mircea_popescu: and moreover, bitcoin tx is absolutely a seller-s market, definition item.
mircea_popescu: cunt's always given away "mosty for free" "with no strings attached". hurr durr, not how it works.
mircea_popescu: if you drew that conclusion from that premise we'd correctly identify you as an engineer martian.
mircea_popescu: they're markets alright. the fact that a block subsidy covers 80% or so of the value of a block is the dispositive factor ; and it disposes.
mircea_popescu: there's a lot of cunt, beer, tv etc given away for free every day ; doesn't make these not markets.
mircea_popescu: civilian role is polishing the silverware not judging the ceiling paintings.
mircea_popescu: but to be clear - if you are "civilian" you shouldn't be speaking.
mircea_popescu: nobody you don;t know is your friend, wtf globalism bs is this.
mircea_popescu: but yes, all metaeconomic motivation. i wouldn't call it ccountereconomic. much like me treating the whores well in the 90s contrary to male ideology of the time was not countereconomic.
mircea_popescu: you mean the cock thing ? nah, part of the sjw uniform.
mircea_popescu: it is the format i expect the market to take once block subsidy drops enough, which is to say in 2 to 3 halvings.
mircea_popescu: in this scheme, a node would only relay a txn to another node if that other node promised it MORE than what it in turn had promised the user.
mircea_popescu: what promises the nodes can make are related to what their counterparties say.
mircea_popescu: now, the historical solutionb to the problem, as well as perhaps a workable solution here, is the intrinsic oracle. if user relays txn to a node WHO MAKES A PROMISE (such as for instance "the txn will be included before block n" ?) then the nodes can be scored by their oracle value ("what he said turned out true!) and suddenly you have a more meaningful node market.
☟︎☟︎ mircea_popescu: i certainly don't keep nodes for "our democracy", as discussed recently.
☟︎ mircea_popescu: today we have a vaguely similar situation, wherein node world evaporated but not entirely, perhaps in large part because all the players want to keep an eye on all the others.
mircea_popescu: it's somewhat amusing that history repeats itself, in that the gossip market only existed because of the interest of powerful players -- it's not like servant women managed to gossip all on their own! but not like they were likely going to get paid for it either!
mircea_popescu: generally, the mempool function as go between users and nodes. this function is important.
mircea_popescu: for instance. there's many ways to look at it, which is usually indicative of our not understanding something more fundamental.
mircea_popescu: danielpbarron that is true, but ungermane. your scheme as proposed simply works better on a proper tree. timekeeping separate.
mircea_popescu: trinque but you need either to a) talk to people who might not mine your tx ; or else b) accept living in a usg-run bitcoin world.
mircea_popescu: trinque ~same reason you walk down the street in view of everyone rather than just future employers and spouses.
mircea_popescu: (currently, from a purely cs theory / systems design perspective, bitcoin can be laughed at because its blockchain is akin to spirogira strands. most ridiculous tree known to nature.
mircea_popescu: danielpbarron yeah, the only thing is that if you actually do something like that you are better off dispensing with the notion of "block" and instead create a sort of tree for a blockchain
mircea_popescu: kinda what the whole mempool does, reduces the wallflower problem. (irl, girls don't dare go up to boys lest other girls think them sluts, and boys don't dare go up to girls lest other boys think them losers)
mircea_popescu: either his rigs don't cost money, in which case it's a proof-of-reddit coin a la doge, or else they do, in which case stfu you're not invited to the party.
mircea_popescu: wait, what ? how the fuck would you remove "incentive for miner secrecy".
mircea_popescu: anyway, this notion that you'll color bits with ownership or righteousness or whatever... it dun work irl.
mircea_popescu: you find yourself in the ridiculous posture of trying to invent a drm that works and off the cuff.
mircea_popescu: asciilifeform you'll never get the magic number right.
mircea_popescu: that's why all the efforts to help "black people" as they were understood by white people created a thin sliver of black people tuned to entertain white people atop a large mass of exceptionally disenfranchised if somewhat authentic black people.
mircea_popescu: but yes, in geneeral rewarding hardship creates the problem that it is cheaper to simulate hardship than to go through it.
mircea_popescu lolz, the glock is 65% of the market. holy shit this angloworld loves plastics.
mircea_popescu: which is how you can have a plastic gun barrel on a gun.
mircea_popescu: consequently there's no promise "plastics" will behave in the intuitive way.
mircea_popescu: they're technically plastics because of the process through which they all work, but that process is no longer fixed one single organic chemistry thing, but a bevy of them.
mircea_popescu: much like say "composites" today is a lot more than the "glass fiber" making the better motor boats on the black sea at the period.
mircea_popescu: somehow fails to raise any serious errors, either. "o hey, turns out on examination... i do not actually exist!"