951400+ entries in 0.703s
mircea_popescu: ThickAsThieves and it's not
trivial
to get
the fuck off .8
ThickAsThieves: essentially btcguild and
the other big ones are doing a 51% attack
BitHub: any press conference release statements from
the devs yet?
Bowjob: so basically if i get
this right,
those mining on 0.8 are wasting
their
time
BingoBongo: Interesting how p2pool was supposed
to "prevent network centralization" seems
to be doing
the job...
mircea_popescu: ThickAsThieves
they are
the largest losers mining on dead chain
BitHub: whens
the nev div due?
ThickAsThieves: so
this is good for asicminer(s),
they get an extra day of lower diff, maybe more
ThickAsThieves: and a portion of
the hashing is still going
to dead blocks
maximian: Bowjob
the network is being saved right now…. it's just
taking some
time because hashing power is split between
two chains.
ThickAsThieves: overall
this still lowers difficulty next round a little right?
Bowjob: BFL should atone for
their sins and mine with
the ASICs if
they have
them and help save
the network
mircea_popescu: bitcoin devs
to stop all development of new versions, work on bitcoin specification exclusively,
then release one cleanned up bitcoin version.
Bowjob: who is mining on 0.8
then?
Bowjob: so.. are we all good
then?
Bowjob: im not sure how
to interpret
the data
gribble: BTCUSD
ticker | Best bid: 46.46002, Best ask: 46.75436, Bid-ask spread: 0.29434, Last
trade: 46.93566, 24 hour volume: 134874.62479342, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.53366
Chaang-Noi: back
to 27, oh lulz btc. how you
troll us
Chaang-Noi: mp yeah 15
to 45,
then a short dip
to 38 and
they are like,
told you its over, lulz
mircea_popescu: bitcoin goes 45
to 40 for 15 minutes... omg MUST MAKE ALL
THE POSTS
mircea_popescu: Chaang-Noi
the something bawwwfull crowd... btc goes 15
to 45,
they're like whelp
Bowjob: mhm yah
thevolume isnt
that high on virtex
pigeons: that interac email
transfer
thing was a mistake
Bowjob: so I have
to keep
trading until I bring it down
to 1%
Bowjob: dont i get charged per
trade?
topace_: Bowjob: cavirtex is only 3%
to start with, its volume based... pretty easy
to get down
tto 1%
kakobrekla: it can be constrained
to 2tb for start
mircea_popescu: and it will ever be
the case
that whenever code contains a number based on an assumption
benkay: oh i see, chain size and
this fork i are idiots
mircea_popescu: until
that moment when a perfect storm composed out of a db upgrade and
the limit removal
mircea_popescu: prevented
the underlying problem of
the db from being discovered
benkay: what's
this referring
to: mircea_popescu: maximian if
the idiots hadn't put in
the 250k limit it would have jhappened and been resolved in 2011
Chaang-Noi: pigeons you have not explained what you
think
the issue is yet you say what i said is silly... it is hard
to attack a point you wont state
benkay: how are
the chain size and
this recent fork related?
gribble: BTCUSD
ticker | Best bid: 45.01200, Best ask: 45.42580, Bid-ask spread: 0.41380, Last
trade: 45.42600, 24 hour volume: 129868.46652021, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.47196
pigeons: to say
that litecoin is in anyway better on
this issue is ridiculous
gribble: BTCUSD
ticker | Best bid: 45.01200, Best ask: 45.35277, Bid-ask spread: 0.34077, Last
trade: 45.42658, 24 hour volume: 129864.74982214, 24 hour low: 36.65000, 24 hour high: 48.46900, 24 hour vwap: 44.47226
Chaang-Noi: pigeons it is size of
the blocks right?
pigeons: well
the bdb index lock bug isnt only
triggered by pure # of
transactions
Chaang-Noi: we can fix it with out
too much issue, and i ahve been
trying
to get peole
to move
Chaang-Noi: also i have more faith in
the ltc pools
to change
this cuz it is a small network now
Chaang-Noi: faster blocks can fit more
transactions
Chaang-Noi: honestly
this issue is one of
the reasons i went so hard core into ltc
mircea_popescu: if it gets
to
the point where i am raising objections and
they make sense
Chaang-Noi: but having it in
the first place was a good idea
Chaang-Noi: in
the frist few months someone could ahve attacked it with spam and killed it, who is
to say
that would not have happened?
mod6: he's not an idiot. he was very smart, if
these new idiots can't hack
their way out of a wet paper sack,
thats not really his fault.
mircea_popescu: the-bucket-shop basically it will happen indefinitely for as long as we have a devteam
that mostly works at
trying
to play government.
Chaang-Noi: mp
the idots was satoshi, he just assumed we would change it later
the-bucket-shop: I'm sure
this stuff will happen at $5B
too.
that's like
the size of
the New York School district
mircea_popescu: maximian if
the idiots hadn't put in
the 250k limit it would have jhappened and been resolved in 2011
maximian: good
thing
this happened now and not when
the market cap is $5B
the-bucket-shop: mp s.dice grows
too large for bitcoin sounds way better
than "bitcoin is forked" btc people who
talk
to
the press have no option but
to blame satoshidice very loudly.
the-bucket-shop: peter - if satoshi dice can land some press out of
this,
then probably
there will be some more betting next few weeks.
assbot: It says some pelt-wearin'
trapper, some stinkin' bean-suckin' possum skinner, he's gonna collect
that reward money.
smickles: mircea_popescu: i only have a self
taught understanding of
technicals and i see it, so people who
trade on
technicals probably see it
too and are
taking action
topace_: cool im going
to bed
then, lol
topace_: smickles:so
the 0.8 clients wont switch until
the height is more?
benkay: shit
this is embarrassing.
benkay: what's
the 1.109? interest rate?
topace_: 225445 still
the
top of
the 0.7 ? my 0.8 client still shows 225453
benkay: mircea_popescu: what are you calculating
there?
Ukto: who didnt set
their block size
to 1bazillion
smickles: mircea_popescu: we had a double
top and a crisis. we're going
to 2
Ukto: only
those pools who were properly setup/unefected continue
Ukto: having
tie-ins with ozco's systems, and others, my system keeps a close eye on all
transactions lol
Ukto: i suppose its an okay response
to kneejerk reaction
Ukto: i found
that funny >,>