99600+ entries in 2.479s
mircea_popescu: the problem with trilema article is that they really don'
t have any gists
mike_c: ok, i think i got the jist: IP isn'
t real. IP has little to do with the success of the company. It's all about management. close?
ninjashogun: asciilifeform, I find some of what you have said useful. I wouldn'
t adopt the tone of enlightening a stone-age man, as I have a lot of experience in several areas that also make my background interesting. we can simply have a conversation you know :)
mircea_popescu: you don'
t have my tools, it's kind of like watching someone build bridges with a hammer
ninjashogun: That doesn'
t mean that ATM's aren'
t MASSIVELY useful, even though they are a flawed architecture.
ninjashogun: it means it's a braindead architecture. it shouldn'
t be possible.
mike_c: it won'
t kill me, but my wife will.
ninjashogun: ? The product you linked? So that it escrows your secret and your secret doesn'
t make it to a file on your PC or your PC memory...
ninjashogun: asciilifeform, you oculdn'
t determine exactly what the micro does with any amount of money short of a multimilion dollar lab, but if you make reasonable assumptions (such as commodity components not being a highly engineered replacement) you can verify its operation for <$100 in equipment.
ninjashogun: asciilifeform, (I don'
t think this is a good use of the word "just"). But it answers your question regarding what is inside.
ninjashogun: asciilifeform, I don'
t like to say it but it's "just" a single-board module around a microcontroller that is a usb device
joecool: damn that didn'
t take long
moiety: s'ok i didn'
t notice cus i was wearing my monacle not my monocle
ninjashogun: asciilifeform, that tone isn'
t very conducive to development of anything. Not that I care.
mike_c: because you don'
t think the IP is the important part of things, or some other reason?
ninjashogun: asciilifeform, for example mircea_popescu could probably build a physical card that is a "lukewarm wallet" as you put it, he would have the funds, but I don'
t think he could get his R&D investment back - it would be money thrown away.
ninjashogun: mike_c - No, I don'
t have any interest in building a device like that. The only way it would be feasible for a single person who has not made a substantial exit in another company, is if it were strongly patentable. Idon'
t think it is.
moiety: it's also made it clear, you don'
t actually read the logs
ninjashogun: this has been an interesting conversation. Yes, it's not easy to manufacture. I don'
t know how much those chips do when powered on but I doubt it's enough to do whatever a lukewarm wallet would need to.
ninjashogun: asciilifeform, if you took the architectural advantages of a chip'n'pin, and had it in a different form factor (not a card) then people wouldn'
t have started using it.
moiety: ninjashogun: i don'
t believe that's my place to do so
ninjashogun: asciilifeform, it's more secure to use chip'n'pin because the card info isn'
t sent in the clear.
benderp: don'
t see what all the rush is about
benderp: ThickAsThieves: don'
t encourage him.
ninjashogun: I don'
t know how an offline wallet will know its balance. For example, if it stays offline and the account receives a transfer for someone, how will it get updated?
ninjashogun: Oh....if in all the above you guys meant "you're not going to explain bitcoin Qua Investment to a newbie, and then get them to buy bitcoin" then that's probably true :). I wasn'
t thinking of it as an investment just then.
ninjashogun: ThickAsThieves what about silk road and questionably legal things? Didn'
t people buy btc specificially for those uses?
deadweasel: they don'
t accept them and less than 1% of their biz is btc. they let Coinbase or Paybit or whatever do it
ninjashogun: ThickAsThieves, that's not true. Some people uses bitcoin to buy some things. if that weren'
t true, Tiger Direct wouldn'
t accept htem.
ninjashogun: deadweasel - what's wrong with the answer to your question "explain a bitcoin to a a newbie and then convince them to buy some" - bitcoin is just a currency like euros or pounds, except you don'
t need to involve banks, it works more like cash. If you want to buy something in pounds (let's say you visit London) you get some pounds at an exchange (using dollars). if you want to buy something using bitcoins, you get some bi
ninjashogun: deadweasel, sorry I wasn'
t clear enough. The difficulty with 'buying' a currency is that people don'
t think of 'buying' a dollar, or euro, or pound. It's a difficult concept for most people. People think of using currency, not buying it.
deadweasel: honestly, i can'
t follow your ramblings at present, ninjashogun, how could you possibly explain it to a newbie?
ninjashogun: deadweasel, it doesn'
t make much sense to say "I bought $100 with my used bike." It feels wrong. But it's accurate.
ninjashogun: deadweasel, the major hurdle is that people who don'
t do forex don'
t normally talk of 'buying' currency. That's the only hurdle. Specifically:
ninjashogun: unless there is some inherent conceptual hurdle that people can'
t understand.
ninjashogun: But this is true with a wallet as well. When you hand someone cash you don'
t expect to be able to unhand them that cash.
ninjashogun: ThickAsThieves, I'm not sure why bitcoin can'
t be for the masses. A wallet is an extremely close analogy with a physical wallet. The only major difference is the history. Isn'
t it?
ninjashogun: asciilifeform, so if someone were to create something idiots could (actually) use then it would be (for them) as thought only it existed. Apple often does this and practically claims competing technology doesn'
t even exist.
ninjashogun: asciilifeform, so for their purposes, it might as well not exist. For example, for the purposes of most people in the world, bitcoin doesn'
t actually exist (theyu can'
t buy it at a western union currency exchange, or know how to install software for it.)
ninjashogun: asciilifeform, I've always heard that if you make things for idiots, you will always have a huge market, since most people don'
t use most technologies.
benderp: ninjashogun: if you can'
t be bothered to respond to private conversations that you start, I don'
t see why I should arse myself to respond to your PMs.
ninjashogun: asciilifeform, okay. I was talking about that USB thing that escrows your private key. I know you only said it was about private keys - but most users don'
t know what that is.
ninjashogun: asciilifeform, wouldn'
t your embedded device be used at some point as an offline wallet that you can connect?
ninjashogun: It seems for the bitcoin device that you guys were building (asciilifeform) the real money is in making it SO dumb that the user doesn'
t have to understand how bitcoin, signing, or a wallet works.
ninjashogun: No, to an article. I didn'
t comment on it.
ninjashogun: davout - but you can'
t just call it debt if they're not going to do it. For example, the fact that Python 3 isn'
t source code compatible with Python 2 isn'
t technical debt that they're postponing. It's a design decision.
ninjashogun: davout - I don'
t necessarily call backwards compatibility "improving their OS". In fact, in many cases compatibility and objective improvement are at odds.
ninjashogun: davout - that is true. I think Microsoft isn'
t selling that migration path though :)
davout: ninjashogun: just because you're never going to repay it doesn'
t change the nature of a debt, it's still a debt
ninjashogun: davout - I don'
t think it's technical debt if it never needs to be fixed. Windows was never refactored onto a rock-hard Unix base with proven open technology stacks. Nor will it ever be. You can'
t call it debt if you're never going to do it.
Perlboy: unfortunately microsoft isn'
t motivated to do something forever
ninjashogun: moiety - windows doesn'
t really have any architectural defenders.
Perlboy: ninjashogun, no they are typically promoted either a) Because they stroked egos and didn'
t create any issues [or covered them up to people who would be concerned] or b) Were found to be incompetent but were stuck in the organisation so were promoted to a position where they couldn'
t fuck things up
ninjashogun: moiety - are there that many incompetent managers in the world though? Don'
t nearly all of them produce hte basic results they're there to do on some level?
ninjashogun: I'm not Icahn, there to criticize a $74B company (eBay) when he couldn'
t run a company any better.
ninjashogun: I thnk a bunch of companies "suck" and are "idiots". I hate paypal and wish it would die. But I don'
t actually SAY that, or actually SAY they're incompetent.
mircea_popescu: Perlboy it's a complicated matter. nz people weren'
t nearly as obnoxious, but anyway.
ninjashogun: no they can'
t. You just said only a vanishingly thin percentage of "everyone" is competent.
dexX7: i sent him a bait some weeks ago, but he didn'
t take it
praeconium: Random Walk is there, I don'
t look into getting model right :) I just want to implement my ideas.
mircea_popescu: nubbins` note that they have sequenced the human genome, but haven'
t figured out the winglets.
mircea_popescu: that said, more effort poured into that can'
t hurt anything
mircea_popescu: which you won'
t likely, because it's a lot harder to predict turbulent flow than any one other thing
praeconium: mircea_popescu: but don'
t You think that many new ones will trade with similar patterns to old ones upon introduction or change of diffculty etc?
BingoBoingo: "They were asking for voluntary cooperation. All he had to say was "no thank you." You can bet if they had any legal or authoritative standing they wouldn'
t be asking they'd be taking/demanding."
BingoBoingo: asciilifeform: I'm kind of wondering why it isn'
t standard already. One's own face ought to offer better anatomical context at the range than those circles
mircea_popescu: A revealing exchange about an exchange that isn'
t revealing?
BingoBoingo: I've always wondered why more marksmanship classes aren'
t taught with a mirrored target
BingoBoingo: Ah, isn'
t that kind of the operation you are running atm?
BCB: asciilifeform: they don'
t need a trial. Just and indictment
BCB: mircea_popescu: I don'
t think you'll have a choice in the matter.
mircea_popescu: BCB well cause i don'
t intend to visit the us till they dissolve the homeland security crap and put the people responsible on trial.
BingoBoingo: electrocuting someone in the throes of Delirium tremens wouldn'
t be sporting at all
BingoBoingo: I still can'
t believe Illinois did not invite me to their hearing on Virtual currencies as an honored distinguished guest, and that news of it happening didn'
t even reach me until it is two hours too late to start driving and make it on time.
mircea_popescu: "I don'
t get it. Why do you insist on making everyone think MPOE-PR is not MP? Why deceive your customers with something so trivial to figure out?
mike_c: if difficulty increases stay this low, cap won'
t be a problem