961800+ entries in 0.668s
swhitt: has
there ever been a >2 part of
the chain orphaned?
mircea_popescu: there's kinda insufficient drama, if
this keeps up bitcoin will
tank
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OneMiner: Means
that
those nodes broadcasted
the
TX.
Bowjob: a bunch of ips appeared.. is
taht a good
thing orr..
OneMiner: How cheap....
The fee is almost nothing.
Bowjob: the guy didnt put a
tx. -_- still waiting for it
to confirm
OneMiner: Bowjob If my miner was
the only one in
the world, it wouldn't go
through.
dub: you don't decide what
tx get
through
Bowjob: if you dont pay
the
tx fee.. how long will it
take
to confirm?
dub: you just stick your mining cock in any hole
that comes along
jcpham: i mine for profit...whoever pays
the most
Guest36719: iz : no miner has
the initiative not
to accept 1 satoshi fee
tx
OneMiner: haha, I've been
trying
to get merged mining going with p2pool. I
think I messed it up somehow. :(
Bowjob: i got like 1500 friecoin.. whats
the exchange rate now
jcpham: i
think i just mined a bajillion freicon last week
OneMiner: jcpham I was
too. Now I'm on p2pool.
OneMiner: And it's not a scalpel, it's a grenade. You'd block all
TXs with SDs fee or lower.
OneMiner: jcpham
Then
the best you can do is mine in a pool
that blocks
those
transactions.
mircea_popescu: i guess every coder has
to be humiliated individually
to get it.
iz: but SD is braindead simple
to make a clone of
iz: mircea_popescu: i'm still afraid of
the legal implications of running a gambling business
jurov: if yes,
then it is political indeed
OneMiner: That'll continue, it's up
to
them.
jurov: if it was anything other "more useful"
that SD would you accept raising
the limit?
mircea_popescu: as it is, if miners
tried it sd would just make its own miner drive
the other miners out of business.
OneMiner: SD is doing it wrong. But it's up
to miners
to increase
the
TX fee and price
them out of business. But it's democratic. Each miner will have
to choose
to allow 0.0005BTC fees or not.
jurov: iz, preventing bitcoin
to actually accept enough
transactions
to be really used
dub: it breaks
teh very libertarianality of bitcoin!!!!
iz: the problem is
that
there isn't an alternative
iz: i'm not
telling people how
to use it, i just suggested making a better alternative
that people could choose
to use
dub: iz: making rules, you know like
the evil state
ThickAsThieves: because it doesnt stop someone else from making
the same problem in a new way
iz: what do you even
think would "cripple
the whole system"?
iz: jurov: how would my proposal of creating a better version of SD going
to cripple
the whole system?
dub: its not political its
technical
jurov: iz, you're going
to cripple
the whole system just because of political reason, don't you see
that?
jurov: it was not designed
to do 1mb blocks. it was just some limit
to
try with
mircea_popescu: if it can do 1mb blocks and
they get filled,
tx fees increase
iz: someone just needs
to make a better version of SD
that works in harmony with bitcoin
mircea_popescu: look! it's really simple! bitcoin was designed
to do 1mb blocks. if it can't do 1mb blocks it sucks, dies, we move
to solidcoin.
OneMiner: Not at all! I'd argue
that
the network is handling it very well.
jurov: you will kill bitcoin
together with sd,
then. at least prevent
the mass adoption you are dreaming about.
OneMiner: jurov With SD a single person can place many bets with a small amount of coins. Each bet =
two
transactions. If it was a supermarket,
they'd have
to be making a seperate
transaction for each product, overcharging you by a little and sending you a satoshi back.
THEN it would be similar.
dub: I don't
think its going away
iz: one item at a
time
though?
jurov: they do need
to charge money every
time
dub: imagine a supermarket where you can only pay for one item at a
time
jurov: now imagine million supermarkers/car dealers/etc. in
the place of
that casino]
OneMiner: It's how
that casino is doing it's business. You don't go up and change money after every bet when you are in a casino, do you?
iz: casinos usually use chips, and don't have
their clients bet using credit card payments
dub: instead of using yours
that isn't designed for
that
dub: you get
that casino
to keep its own database
jurov: how you want
to get critical mass when it can't handle even one casino???
dub: if you make it prohibitive for Joe Asshat
to do it for you until
then,
then you never get
there
dub: the issue is
that you need
to get critical mass before all
the businesses are going
to look after
the network for you
OneMiner: Ya,
the blockchain isn't going
to be lost for long if it is lost. I don't
think
they'd need anything fancy for it.
jurov: just in other part of
the world
jurov: i was admin
too, saw how
things are done
dub: businesses don't do
that
jurov: blockchain doesn't need
to be stored properly. you just buy commoditized server with it preinstalled and backup only
the wallet. it breaks? buy another one
jurov: if
they have
to back
the
terabyte up,
then yeah
Bowjob: the
tx is still unconfirmed wtf
dub: its a LOT more
than it costs you
OneMiner: More
transactions is better
than less. In
the future we won't have 2012 hardware, we'll have future hardware.
jurov: if you insist accepting 1TB/mon means blowing
tons of money....
dub: jurov: I don;t hink anyone is arguing against
that, if adoption is successful
jurov: only banks and govts will use bitcoin in
the end
iz: you're basically
trying
to say
that credit card processing is
too expensive out of one side of your mouth, while saying any business
that wants
to use bitcoin should be have plenty of money
to blow
jurov: with 604,800
txs/day
they will not, indeed
jurov: so
they shouldn't use bitcoin, you say?
iz: why would a business pay more for bitcoin processing, when
they could just do "expensive" credit card processing
that is accepted by way more clients?
jurov: 1.
that does not need hig end server
iz: jurov: because credit card payment processing is cheaper
than
that.
dub: typically I would say
that a high end server is more expensive for a business
than a car
iz: you failed on
that
try
jurov: why wouldn't
they pay much less for a full node
that can deal with 1TB/month
to enable
them access
to bitcoin system?
jurov: i'll
try again. how many businesses own a car?
jurov: 99% people will not ever see a bitcoin in whole life, but
they will be able
to run full node,
that's
the ideal
dub: and btw
the '90s hardware problem is processing not disk
jurov: miners' pipe dreams... bitcoins should be forever limited
to 7tx/second. because obviously having $50
tx fees will give power
to
teh people
iz: yeah, everyone is a node, even if
they aren't mining
jurov: so maybe you should stop alienating evoorhees and make
that easier for him
to do
that way?
dub: maximian:
the weakness was always
there,
the cost for one person
to attack was prohibitive, SD works aroudn
that
maximian: SD just amplifies
that weakness. and if it wasn't SD it'd be someone else.
The problem has
to be solved, and it can't be solved by banning. It's a fundamental architectural problem.