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mircea_popescu: ben_vulpes dawg you aware your articles go in this 160px column ?
mircea_popescu: i gotta see this wonder, ch display possibly one of the more atrocious
mircea_popescu: well there is that but nevertheless, guy said plainly he's noob tring to learn.
mircea_popescu: ben_vulpes do you mind ? i'm having a quality moment here with the alf.
mircea_popescu: omfg the original code is priviledged what part of this is hard to grasp!!1
mircea_popescu: the thing gavin thought constitutes the basis of his importance.
mircea_popescu: it's a cheap and welcome cut, reduces the codebase, that and the idiotic "alert messages" are certainly next to snip
mircea_popescu: i think he was just being contrarian, isn't seriously holding the position.
mircea_popescu: "signatures" has as much business being part of bitcoin as sink has being part of car.
mircea_popescu: in my extensive practice as a major economic agent i never either wanted to or did bother to verify one.
mircea_popescu: nevertheless, once the headcount crosses millions into billiosn, well... forgetaboutit.
mircea_popescu: yes, property is functionally as well as fundamentally "this is mine which means it's not yours nor yours nor yours nor - i see you there hiding in the back, yours either!"
mircea_popescu: still, none of this solves the fundamental problem, which is : as more and more people get involved, the cost of reporting each transaction to everyone else balloons.
mircea_popescu: asciilifeform nah, all the ones i've seen use normal 1.5v watch battery.
mircea_popescu: davout ideal bitcoin. a putative v2.0 / replacement / fork.
mircea_popescu: it's actually pretty cool ; can't possibly miss even in the dark. also cunt looks good in it.
mircea_popescu: asciilifeform did i tell you about the led crotchless "underwear" ?
mircea_popescu: (and such not knowing is a large part of what moderates any interest i might have in greenlighting i-b work_
mircea_popescu: davout the thing that SHOULD be done about it is make it work in such a way it doesn't choke in its own fumes. not that i know how to do that.
☟︎ mircea_popescu: asciilifeform this is like thinking if universities stopped stupidifying girls tomorrow you'd get good service at the diner.
mircea_popescu: davout the problem discussed is where the most serene republic spans 85 million stars and a trillion planets and everyone involved holds a few satoshi and ten thousand times more slaves.
mircea_popescu: asciilifeform gold is worthless for the exact reason goldbugs/idiots think it better than bitcoin. no scaling, because anchored to irrelevancy
mircea_popescu: anyway, the issue of fees hopefully limits the smallest practical unit to maybe 1k or so, which blessfully shaves 3 zeros from the problem, and at the right end
mircea_popescu: note that the per-block value is liable to stay ~constant ; it certainly varies less than the price of bitcoin for instance. so those satoshi will always be worth a lot in fiat terms anyway
mircea_popescu: but this one ... well, the numbers actually don't work.
mircea_popescu: this is the only part of the system that's truly badly designed. the node/miner thing, meh, that's iffy.
mircea_popescu: so yes, if we aim to go from "all coinbases = 1 satoshi" through merger to "all coinbases = 2 satoshi" we're looking at a whole shitload of blocks.
mircea_popescu: depends on factors and things but as degree of magnitude it's there.
mircea_popescu: anyway. war in this sense, as in napoleon invading, is a loss of information. ie, library burning.
mircea_popescu: yes, but as they progress so does the bitcoin fragment.
mircea_popescu: tell you what, to the stupid cunts getting pregnant at 13 and failing to learn how to wash or twerk by 16, the little details of their dirty interiors are relevant.
mircea_popescu: of "value" in a very novel, post-bitcoin, deeply information-theoretic interpretation of the term.
mircea_popescu: from the pov of the network, glueing together is technically speaking a loss.
mircea_popescu: three generations later, all of saxony is 500 duchies, princely domains etc the size of your yard.
mircea_popescu: asciilifeform think of evolution of holy roman empire. currently, block of thousand btc all carry the same meaning, "we belong to holy roman emperor".
mircea_popescu: as time wears on, more and more tinier and tinier bits of coin carry irreducible meaning, and can't be defragged
mircea_popescu: technically speaking sticking people back into their mother's cunts to get two people out of a litter of 12 also costs the same.
mircea_popescu: asciilifeform the defragging is an antientalpy movement.
mircea_popescu: much like nobody seriously bothers to say "the wavefunction that is office chair"
mircea_popescu: now this ontological preoccupation is of no great practical importance, which is why people don't generally gas past "hey it's an uxto"
mircea_popescu: all coins, in the sense of agglomerations of satoshi, exist as descendents of an original block subsidy, and in that sense ARE coinbases ; much like electrons or photons are wave functions. they manifest verifiably in certain points, as "unspent transaction outputs" ; muych like waveform collapses. they interact with matter, in certain ways,this is called a transaction.
mircea_popescu: ben_vulpes an "uxto" discusses an aspect of a coinbase.
mircea_popescu: asciilifeform yes but there's no clean way currently for me to replace old-wallet with davout-wallet. so in that sense, modularize the wallet out of the code.
mircea_popescu: bitch, you're nobody's wife and there's a reason for that.
mircea_popescu: this #1 disease of the failed female, "if i were your wife i'd poison your coffee."
mircea_popescu: asciilifeform notrly. isn't it more fearsome in $trangelang ?
mircea_popescu: however many. the woman's barren owing to advanced age and abundant curetages in youth, there's nothing coming out her rotten eggs regardless.
mircea_popescu: in other lulz, "The most notable public opposition came from Senate Armed Service Committee Chairman John McCain, who promised to block any such move. Senator McCain’s objections were primarily procedural and not substantive (i.e., he was upset he learned about the recommendation almost second-hand at the hearing, instead of by official channels)."
mircea_popescu: economy was pretty strong under clinton by comparison.
mircea_popescu: the shedding of 500k federal jobs in dc is underway, by the way. people are making financial arrangements, such as getting out of mortgages.
mircea_popescu: i read through the english speaking press wrt trump's first week. qntra is by far the better source.
mircea_popescu: and in shocking today, trump has ~madonna~ apologizing and complaining about "being taken out of context". fucking madonna.
mircea_popescu: when i die i'll be shown the list of everyone's favourite trilemas and spend the rest of the afterlife in shock.
mircea_popescu: what the fuck is a police station for, other than l'attaque d'une bande cagoulee ?
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