benkay: thestringpuller: ping ping ping ping ping
benkay: he's underwriting, thestringpuller
benkay: start with a counterparty txn. is this thing in flight or has it confirmed?
benkay: let's tell a little story and try to work through this
benkay: has it been confirmed yet?
benkay: so take a counterparty transaction
benkay: when do they need that? when validating a new block?
benkay: memory where for whom in what part of the process
benkay: so do that
benkay: txns in flight is the topic, though, correct?
benkay: we're talking about the mem pool, though, right?
benkay: staying up to date
benkay: end of story.
benkay: either you'll pay for the privilege or you won't.
benkay: staying*
benkay: this is one of those things about bitcoin. staging on the blockchain is just going to get more and more painfully expensive.
benkay: the state sponsored ones definitely
benkay: news to me.
benkay: miners don't mine for profit?
benkay: that's all i care about.
benkay: miners get paid right?
benkay: blockchain's a nightmare anyways
benkay: eh fuck 'em
benkay: oh
benkay: do elaborate i'd be much obliged
benkay: whoa you can store data in the blockchain without paying?
benkay: what's the controversy over op_return?
benkay: what is this controversy?
benkay: oh sounds popcorny
benkay: high hopes :(
benkay: and like maybe why and some other context
benkay: oh, i thought you had an example of someone who cares about txn rules
benkay: care to share, danielpbarron ?
benkay: everyone forced to more or less play the same way
benkay: sometimes it looks like btc, sometimes it looks like hashes...
benkay: power comes in many forms.
benkay: *shrug*
benkay: "powerful"'s a good start.
benkay: devs, unles you're talking about conformal, don't really do much other than implement dirty code into bitcoin-qt
benkay: miners are influential in that txns that adhere to 0.6 rules will probably always get relayed
benkay: some in this channel would hold it to be this channel
benkay: last bitvps statement was december?
benkay: thestringpuller: ping
benkay: 411 you say.
benkay: ;;ticker --market all
benkay: ;;ticker
benkay: market consists of a few people trading over tin can telephones
benkay: but voof. buffers? in my face? all the time? surely this is not a good use of my brain.
benkay: i dig the types for sure
benkay: mebbe i'm retarded
benkay: i dunno man
benkay: tee hee abstractions
benkay: i've just started hacking on c and man is this shit miserable
benkay: ("lisp")
benkay: being barely capable at my chosen trade in "lisp etc etc
benkay: uh so i'm no expert at these things
benkay: sucker
benkay: hahaha
benkay: i want an international strategic consulting firm!
benkay: don' want no mo ssl holes like that one
benkay: been talking a lot lately about bsd
benkay: there's a certain symmetry to this one: http://www.reddit.com/r/Bitcoin/comments/22ny8h/agricultural_bank_of_china_freezes_bitcoin/cgoohv9
benkay: ;;later tell mike_c i guess the appropriate local metaphor would be "for those who prayed, dove through, and magically weren't sliced to bits by the chumpatron"
benkay: ;;later tell mike_c sometimes i think supply is constrained on the fiat -> btc pipe. if cash and reputation and connections are all you have, that's not a terribly wide pipe. perhaps there was something to gox' occasional ability to turn fiat wires into btc
benkay: tell me that ain't a slide
benkay: 450 -> 425
benkay: there were serious distortions in the market over the past year
benkay: mike_c: have you ever done the physics thing where you draw a circle around a system and label ins and outs?
benkay: a hoard is in no sense supply
benkay: heh
benkay: yeah
benkay: which is the whole damn point
benkay: its the only way you can make the thing conserve
benkay: supply is input into the system
benkay: we know how many btc there will be per block
benkay: only valid frame of reference, TestingUnoDosTre
benkay: input into system
benkay: sorry that was rude of me, mike_c
benkay: the only constant input in the system is the mining reward
benkay: supply is that which is constant!
benkay: you're entirely wrong.
benkay: supply and demand curves always hold, mike_c
benkay: when was the last halvening?
benkay: ah neat
benkay: cool
benkay: thestringpuller: ping
benkay: (erc)
benkay: asciilifeform: would protobufs be one of those dirty changes?
benkay: ofc a java guy sez to abandon haskell for real world stuff
benkay: asciilifeform: what's the story with haskell?
benkay: i guess cuz increase in monetary supply is good
benkay: whassat Shakespeare ?
benkay: his sides!
benkay: mircea_popescu: would you pastebin the thing?
benkay: i want the notes!
benkay: he sent polimedia a thing tho, right?
benkay: why, someone else's going to do the security proposal thinger for cash?
benkay: robwhiz22: why not publish your letter to polimedia here?
benkay: .bait
benkay: save yourself some work
benkay: or pastebin the letter
benkay cartwheels off
benkay: worst case scenario you can replace me as class clown
benkay: stop derping and put it to the test.
benkay: robwhiz22: share your shit.
benkay: it's injunctive.
benkay: GO
benkay: and rhyme
benkay: now all must also be haiku
benkay: you thought 3 line method calls were a thing?
benkay: no don't its horrible
benkay: an acceptable first pass, fluffypony
benkay: signifying the SAME DAMN THING
benkay: all these made up words
benkay: fluffypony: so if there's an idea that's worthless, and the execution is everything, if you've made strides on execution that is a 'moat' in the parlance, ensaftifying your idea.
benkay: let me just go raise 5m for chemgineering
benkay: no nookie
benkay: bad feminist
benkay: withholding throws red flags, an important note.
benkay: past performance best indicator etc
benkay: the best way to make funders comfortable is by demonstrating competence.
benkay: a fork immediately after the confirmation, which resolved to a branch in which the solo-conf transaction was not included?
benkay: so what situation would lead to someone who accepted a funding action with btc after 1 block getting burned?
benkay: oh jesus and definitely no time to write regexen
benkay: i r no time hack irc
benkay: but hao
benkay: ffs include an http at the front of your links BingoBoingo
benkay: hey nubbins` what did the CBC end up saying instead of dick surgery?
benkay: claptastrophe
benkay: WHY CRASH?!?!?
benkay: ;;ticker
benkay: supply high, demand low.
benkay: ;;calc 529/60
benkay: ;;tslb
benkay: you and i both know the only solution is keys on a device you trust and bitcoin.
benkay: i dunno where this went off the rails.
benkay: customer wants a gun that fires backwards. i say "but it fires backwards!" they say "just build it."
benkay: explain it to me before i make more mistakes, jurov
benkay: no, just stupid.
benkay: "smarter" (or more well-capitalized) heads than mine have decided that this thing flies. we just ensure that the parts over which we have authority do what they say on the tin. per asciilifeform's mice and comments on proofs, the stack is ultra complex and its vulnerabilities are beyond our pay grade to even address.
benkay: nor i.
benkay: compromise via gsm modem oslt?
benkay: as with all installed software, i think it's the user's issue.
benkay: jurov: since when?
benkay: (leastaways starving css jockies)
benkay: pull the other one, Mats_cd03
benkay: starving artists in san francisco??
benkay: Mats_cd03: have you ever seen enterprise-sales grade material come out of a starving artist?
benkay: the approach i expect to see implementers use is passwords + phone auth
benkay: there's an auth path that does away with passwords, but i don't know that anyone's going to implement it.
benkay: don't be too harsh on the guys, they need to throw down another 10-20k on branding and copy.
benkay: not really accurate
benkay: plus, france.
benkay: i'm insufficiently capitalized myself to talk about capitalization
benkay: i had nothing to do with that comment, pLambert
benkay: ;;gettrust Musk
benkay: and who are you, Musk?
benkay: hey man contracts is contracts
benkay: dignork: i understand the situation on the ground.
benkay rolls eyes
benkay: i know i know; party line is "bitcoins aren't money"
benkay: seems like it'd make more sense if they just taxed you on the acquisition of coins. just like normal income.
benkay: so this irs position where you get taxed on the increase in value of your coins
benkay: (goddamn kill ring)
benkay: in other derpy news: no more wome
benkay: this is why everyone should be taught to fight at age six
benkay: stabby stabby
benkay: highly confusing to catch the pm note before the actual pm, thestringpuller ;)
benkay: (sneak peek everyone: soon to announce having performed actual crypto audit and implemented fixes!)
benkay: does one thing, and that well.
benkay: case in point, a 2fa app for these fine gents: http://www.tozny.com/
benkay: bounce: re "intuitive" computing: i build this shit all day and only occasionally hate my life. the only time it makes sense to me is when it's not so much a bit of software (software nominally empowering humans to do things they could not before) but a tool (in the sense of a hammer, used to do a specific thing).
benkay: Shakespeare: is that you, TaT?
benkay: my NSA theory?
benkay: (l's)
benkay: mike_c: kinda falls down when the eyes/kloc gets too small, or the l' of c are unreadable.
benkay: asciilifeform, mike_c, decimation, everyone else interested in ssl
benkay: mircea_popescu:BingoBoingo: So... what Open source alternatives are there to OpenSSL which aren't as much of a bitch to read? << this is actually a very large, and very open problem. << http://golang.org/pkg/crypto/tls/, seems to be about 8kloc
benkay: pLambert: i suppose that's for His Busyness to determine, eh? not us plebs...
benkay: ;;google whet shall be delivered
benkay: <pLambert> do we still call her mpoe-pr even though she got laid off?
benkay: (f)Immediately upon publication of each Statement of Profit and Loss MPOE/MPEx will pay to shareholders as dividends a fraction of no less than 100% (one hundred percent) of the Net Profits, if any.
benkay: with the Statement of Profit and Loss of the next month.
benkay: (e)Mircea Popescu solemnly promises and warrants that complete and accurate Statements of Profit and Loss for each Reporting Month will be published by him no later than by the fifth day of the new month. Under exceptional circumstances and for good cause the publishing of the Statements of Profit and Loss can be deferred no more than once in a calendar year so that the Statement of Profit and Loss of one month is published together
benkay: pLambert: ms. whet?
benkay: amazing cops
benkay: scamhavior universal
benkay: nice
benkay: cavirtex is sponsoring the caconf
benkay: fascinating, danielpbarron
benkay: ;;gettrust Aquent
benkay: but you know, any of the two are great to have around, right?
benkay: mircea_popescu: more of a comment on myself than the world
benkay: you're a fan of the lynching?
benkay: ;;gettrust thestringpuller
benkay: HeySteve2 was having epic problems with 0.9 and a wallet.
benkay: Apocalyptic: how'd you run down that mike_c's running django? i too am curious.
benkay: projecting much?
benkay: ;;gettrust againbackson
benkay: you don't count in this conversation apparently.
benkay: ;;gettrust truffles
benkay: unless that's a rude question. is that a rude question?
benkay: which handles, danielpbarron ?
benkay: 48.) mjr___ 1023
benkay: being linked by BingoBoingo
benkay: how fucking hard is that?
benkay: "Bingo Blog"
benkay: granted, it can be hard to get up in the morning much less work out when catatonically depressed.
benkay: i'm not saying that mental health is purely a function of workout frequency. i've been larned better than that by the DSMi. it's just all too frequent that people resort to drugs without actually putting in the work to get their physical health dialed.
benkay: <strike>ing</strike>
benkay: most medicated people i've met don't jog 3 times a week, or even picking up heavy things until sweaty that many times a week. some variant of which is a prerequisite for stable mental chemistry.
benkay: funny how people go for the meds first and never think to go run in circles for thirty minutes...
benkay: ;;google why i never hire brilliant men
benkay: and of course just plain old smart is completely worthless.
benkay: well-practiced and hard working is super valuable, well-practiced and smart is super valuable, smart and hard working comes in at the bottom untempered by practice.
benkay: in the same way men tell each other "smart/pretty/sane, pick two", managers are always looking for some combination of "smart/well-practiced/hard working".
benkay: can be a handicap, truffles. makes sucking at ones craft very painful when you start hitting that competence threshold that only lots of deliberate practice can get one over.
benkay: keonne: you run blockchain.info?
benkay: ugh but all that human flesh
benkay: hanky basis for investment thesis is that in the way rivers were important to US city site locations once upon a time internet and power will be bastions of order in mad-max future.
benkay: in my region this is Prineville and Bonneville.
benkay: i'm testing a strategy for location selection over the next ten years: prefer big network pipe installations and electricity generation sites over pretty much anything. theory being that people with money invested in internet hardware will deploy capital to protect it, need lowly others to run the machines, and provide the armed convoys of food that the big cities won't be enjoying.
benkay: counterparty is pumping money into css too
benkay: hey thestringpuller
benkay: tchaw bitcoinpete the chems are the same as they've always been
benkay: what is it tonight, Mats_cd03 -- mdma?
benkay: mpoe above 0.001
benkay: great video work too
benkay: nice, ty
benkay: yo yo yo
benkay: hey thestringpuller
benkay: one can only build a reputation over time
benkay: oen cannot create money
benkay: reputation/publicity/money
benkay: 22 years old, significant fraction of btc on deposit at bitstamp, engineer at facebook, can't diddle his dollas: http://rasmuzen.com/bitstamp
benkay: "20 startups make their pitch. The crowd makes its choices. The top 10 startups receive equal funding."
benkay: i'll just squeeze this beer: http://pitchlandia.com/faq/
benkay: ;;later tell nubbins` sounds like a great day