968900+ entries in 0.666s
Schadenfreude: One of many reasons why evorhees should move out of
the US asap
gribble: BTCUSD
ticker | Best bid: 23.49002, Best ask: 23.50998, Bid-ask spread: 0.01996, Last
trade: 23.51000, 24 hour volume: 49657.03583015, 24 hour low: 22.58468, 24 hour high: 23.98961, 24 hour vwap: 23.39455
Ukto: if you wanna go hound
them with questions
Ukto: I poked someone in ripple
to
talk in #ripple
Chaang-Noi: i use no script, i guess
that is why it is not working for me.
Ukto: and do a couple quick small
things
Ukto: is
the ripple.com JS
maximian: pigeons: I received your
trust 0.25 BTC event, how do I reciprocate?
BitHub: anybody ever succesfull able
to show
their localbitcoins.com add on
their own website?
Chaang-Noi: i do not unerstand how
they got around
the double spend issue unless either it is centralized, or
they have a block chain
pigeons: right now it is obviously centralised and vulnerable in
those ways
pigeons: you ideally run
the client locally
Chaang-Noi: what happens all
the money in ripple if say
the govt shuts down ripple.com or redirects it
to some other site?
pigeons: its a javascript browser plugin
that uses websockets
to connect
to
theri server
maximian: I've got an open mind about it, and I'd like
to
try it, buy I can't get any of
these XRPs
to
transact with
pigeons: mircea_popescu: it is intended
to add expense.
they sort of demmurge in
the fact
that
they are permanently destroyed, increasing
the value and expense
pigeons: well
there are many different goals and people are willing or able
to pay differnt prices for
the,
mircea_popescu: i
thought
that was more akin some sort of demurage implementation
pigeons: some of
that was borrowed with ripple.com with
their XRP
transaction fees
mircea_popescu: isn't a good chunk of btc security derived precisely from
the fact
that its' so damned expensive
to attack ?
pigeons: its is less expensive and probable less "secure" but we don't know,
that's why we use
these
things
maximian: My understanding is
that
the proof-of-work method of synchronizing nodes is a real breakthrough in distributed computing, and I'm wondering how consensus stacks up against
that.
vampireb: ok. so
they have a current ledger, when
the system decides
to create a new ledger? after xx seconds? xx
transactions?
Ukto: there is a minority detection
thing
Ukto: as for
the plans on
that
pigeons: i am not familair with consensus or
this ripple implementation. i am just saying proof of work is far from proven
Ukto: there is an islanding
thing
mircea_popescu: pigeons what happens
to
the consensus method if
there's a net split for 24 hours which
then resolves ?
Ukto: so I can get
this done
Ukto: I am gonna
try
to code
pigeons: i wouldnt say proven, and it remains
to be seen if proof of work will hold when subsidy is gone
maximian: I suppose I don't mean proven in
the mathematical sense.
maximian: So is
the consensus method proven
to be equally secure as proof-of-work, or does it not have to be?
mircea_popescu: To store a large directory of indexes,
the entries are divided into nodes of a manageable size. Each node knows
the relative offset of
the previous and next nodes. Empty nodes can be deleted. However,
the first node can not be deleted unless
there are no other nodes as we use
the first node
to efficiently find other nodes.
Ukto: and
that annoyed
the crap out of me
pigeons: yeah well we'll see how
this specific implementation of ripple evolves
mircea_popescu: Every node has a 32-bit flags field
that indicates which universal and node-type-specific flags are present.
Ukto: however its not
the same style
Ukto: pigeons:
to some extent
maximian: so it uses consensus instead of proof-of-work
to secure
the ledger
Ukto: and
theres no mining
pigeons: hash
table ledger, similar idea
mircea_popescu: ok so. it does payments. how does it resolve
the dblspend problem ? blockchain ?
Ukto: [22:38] <Ukto> Since I have
the server source
Ukto: Since I have
the server source, etc, I have a very deep understanding of exactly how it works
Ukto: I have
told
them
to change it
vampireb: i agree,
the website is so confusing.
mircea_popescu: i've had enough of
this for now, my brain is rippling.
Ukto: near instant
transfers
vampireb: i dont
think ripple is much more different
than a bitcoin, and
that's just fragmenting
the market..
Ukto: honestly, I
think
they want it
to replace payment services
Ukto: lots of people wanted
to cash into it
Ukto: ask
the ripple guys in #ripple
Ukto: mircea_popescu: *shrug*
thats for you
to figure out.
Ukto: also,
the CEO of
the ripple foundation is Chris Larsen, former chaiman, CEO and co-founder of prosper.com
coingenuity: and only 1 out of ALL
the genders i asked didn't know what bitcoin was
coingenuity: that
the vast majority of strangers i asked would know what bitcoin was
coingenuity: to
that end, when i was at defcon, i had a standing bet
coingenuity: Ukto: speaks
the
truth, im not a substance-liker
vampireb: is it
that becuase of silkroad ? :_)
Ukto: I coudl have written
that better. oh well
Ukto: coingenuity ran into a bartender girl at a bar randomly, who knew of
them
vampireb: well people know more and more about bitcoin.. few of my coworkers knew about..
that suprised me a lot
Ukto: We are riding on a
tsunami atm,
thats jsut getting bigger until it crashes into something. but in
the end, it will still leave higher water levels
than
the start.
BitHub: it has been doing really well
this year so far
Ukto: In fact, after some dsicussions, I venture
to say
that
the last 30 days, has been
the largest influx of new cash into exchanges in such a short period ever for bitcoin
vampireb: hard
to set prices which such swings
vampireb: i sold just a PI for 3BTC,
that's over $70 now
BitHub: best
to buy up while its 25
Ukto: now its going nuts due
to
the huge demand
vampireb: if i sell something
that i bought for USD.. i dont need
to recalc
the price 10x
time a day.. I wouldnt do
that for EUR
mircea_popescu: however,
there's a great advantage
to mlt cap over 1bn
BitHub: do
they have ballz deep pockets?
Ukto: seeking help with using btc, and other
things
vampireb: i dont know, it rose
too quickly. i prefer stable rates..
then
the rate
that change every day by like 10%