951300+ entries in 0.677s
midnightmagic: crosschatter and high-bandwidth reorg battles would hurt individual consensus. presume
the forks are all equal hashrate
to begin with: due
to
the nature of POW, it would be far, far worse in
terms of strength against attack.
mircea_popescu: to be perfectly candid, many people involved in bitcoin are good honest and well meaning individuals, who know about
things. usually
those
things are coding.
BingoBongo: Ah,
this is kind of what I was
thinking. I must have read without expressing
the sentiment. I believe I've read similar on
Trilema as well.
mircea_popescu: end of story. money itself is a centralising factor, and as such
the slightest flicker amplifies
mircea_popescu: eventually
the fork resolves economically simply because mining costs money.
mircea_popescu: if you sell b and buy a
the price of all will go up and
the price of b down.
mircea_popescu: if you had 10 bitcoins
today prefork, you will have 10 a 10b and 10 c bitcoins after
the fork.
mircea_popescu: in short : suppose chain forks into 3 different chains
today, a b and c
midnightmagic: BingoBongo:
Think about it
this way. uTorrent killed everything else on Windows.
mircea_popescu: BingoBongo have you read
the girl's explanation of why multiforks resolve and aren't a problem economically ?
midnightmagic: BingoBongo: it will overtake depending on its
technical and UX merits.
mircea_popescu: look, like it or not, for
this reason or for some other reason, bitcoin is at a point where you can't reasonably pour more moneuy into it
BingoBongo: "Good" bitcoin will probably have
to overtake old by 51% As worse overtook bad
tonight
midnightmagic: mircea_popescu:
the bootstrapping itself is still going on.
midnightmagic: mircea_popescu: blockchain-destroying events
tend
to set back adoption progress amongst people who are afraid of what everyone else will
think.
BingoBongo: mircea_popescu
the difference is probably how much
they will
try
to reiforce
their canon against sense...
midnightmagic: Currently,
the best choice is sipa's blacklist patch, as it allows us
to remain on
the faster 0.8 while still mining.
BingoBongo: And mircea_popescu many will probably
try
to sweep it under
the rug as LevelDB is broken, because it isn't BerkelyDB. You're on
the right
track, but I
think
this was probably
the wrong error...
midnightmagic: I don't see how a rationale (which Satoshi himself started, btw, by requesting
that Wikileaks not use bitcoin yet,) is
the snowball accretion of full-blown
theosophy.
mircea_popescu: if you recall,
this all started with people knowing which
transactions are good.
midnightmagic: I see no examples of political
theosophy. You clearly have something in mind: out with it. :)
midnightmagic: Actually,
the reference implementation was never meant
to be
the end-all canonical version. Satoshi always hoped someone would write a properly-funded, properly engineered client and it would become
the canonical client.
mircea_popescu: i guess
they don't read english any better
than
they read
their own code.
mircea_popescu: i said
the moment devs
try
to act like priests and leverage
the obscurity of
their bad code into political
theosophy...
they're screwed.
mircea_popescu: not really. but i am saying
that
the current stuff has
to go.
midnightmagic: You're
trying
to suggest you could be
the lead of a Real bitcoin replacement. :)
BingoBongo: mircea_popescu Not at all. Maybe
tie
the definitive switch
to standards only
to
the next halving? God is gone so let's send
things
to committee.
midnightmagic: You know for someone who complains about it so much I'm surprised you're
taking such an interest in leading a
takeover.. :-)
midnightmagic: correct,
they don't.
the
thing is a lot of
them know
that, so what do
they do? social proof. and
they pick a guy (like satoshi) and decide he is
the nearest
thing
to god.
mircea_popescu: WHY ARENT
the bitcoin police doing anything about
these DDOS attacks?
midnightmagic: they are who create
the economy which bitcoin encompasses.
midnightmagic: people who use bitcoin are
the people I'm
talking about.
midnightmagic: The magic Satoshi? You
think
the huge number of sociopaths running bitcoin are interested in an outside non-mystic
taking
the reins?
BingoBongo: Some
things are more powerful
than heredity
midnightmagic: It's in
their nature--right beside
the part
that
thinks god
talks directly
to
them.
midnightmagic: Probably not going
to happen. People like mystical chains-of-heredity.
BingoBongo: There's
the long fight over what
the spec is, and
then
theres
the awkward grace period until
the spec forces people
to leave
the old code controlled version (unless crisis compells it earlier)
BingoBongo: I give it probably 3 years for a full move from code control
to stardardized and documented.
BingoBongo: A software neutral specification has been needed for
too long
Bowjob: oh well. i'll
take what i can
Bowjob: If felt
that we would have a
tremendous rally
today
this bug didnt happen
BingoBongo: Lulz Jeff G, How many support
threads on
that forum have ended in essentially: export your private keys and import into X software other
than what you have been using
gribble: BTCUSD
ticker | Best bid: 44.16000, Best ask: 44.43000, Bid-ask spread: 0.27000, Last
trade: 44.54000, 24 hour volume: 137292.69111752, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.50843
BingoBongo: I'm making a
trip
to
the Pawn Shop
tomorrow and loading up on fiat for
the opportunity
that should arise
these next few weeks.
The DFI I use is indicating a "correction"
to $15-$35 within 2 or 3 weeks, confidence interval of 66.7%
Bowjob: wheres
that gif of
this anime chick drinking coffee
pigeons: just waiting for you
to reboot
BingoBongo: I imagine
there's a large low information"Investor" population
that
through inertia or ignorance recognizes what a small hiccup
this should have been... When
they start looking for people
to inform
them
though....
Bowjob: I'd let
the bears have a go at it for now
pigeons: cant be fancier
than clarkmoody?
maximian: people who don't understand
the system… pure speculators
gribble: BTCUSD
ticker | Best bid: 43.99646, Best ask: 44.00000, Bid-ask spread: 0.00354, Last
trade: 44.00000, 24 hour volume: 137786.72229724, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.54643
maximian: yeah, lots of nervous nellies out
there
ThickAsThieves: so will
there be a mass selloff afte rpeople get
their btc
to gox?
Ukto: well, as I stated before.. weex wallet is
the perfect example of correctnes
maximian: I
think we can expect
the exchange rate
to be depressed for a while.
maximian: the
tech blogs will have a field day with
this. orgasming over
the opportunity
to spread some FUD
Bowjob: I printed an order page for
topace, but
then hes like nope. dont
transact
BingoBongo: It's not
the ending. It is
the opening chapter in
the Latest DLC. BitCoin: Mission Standardization
gribble: BTCUSD
ticker | Best bid: 45.05186, Best ask: 45.05187, Bid-ask spread: 0.00001, Last
trade: 45.05187, 24 hour volume: 136276.60628425, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.54592
rodeo: I
thought
the ending was a bit anti climatic
maximian: now come
the personal attacks, panic selling, etc
Bowjob: so
thats it? crisis averted?
Bowjob: ah.. btc-e. I lose my mind on
that
trollbox
maximian: just
two more blocks and it'll be
the main chain
mircea_popescu: i guess
the lesson here is
that programmers have no business arguing with financiers.
mircea_popescu: will be
the extinction of
their c++ only "refernece" implementation and in general
the end of
their centralist chokehold on bitcoin
mircea_popescu: ironic
that
the end result of
the Luke-Jr & co group of idiots starting
their little jihad on s.dice
rodeo: Once
the ophaned chain
take over again BTCguild will get > 10 blocks I wounder how
they will credit it
kakobrekla: mircea_popescu he wants
to do
these meta bets