Matches for from:mircea_popescu, 253931 total results Sorted by newest | relevance
Mon Mar 07 23:23:59 UTC 2016 <mircea_popescu> a supernode only grows in the shade of miner cartel.
Mon Mar 07 23:23:51 UTC 2016 <mircea_popescu> because the other miners would have an incentive to destroy the miniminer's supernode, and there's jackl the miniminer could do to protect it.
Mon Mar 07 23:22:58 UTC 2016 <mircea_popescu> back in the day bitcoin mining was healthy, after a fashion, pools came and went. they've been stable for a long time now.
Mon Mar 07 23:22:41 UTC 2016 <mircea_popescu> anyway, i've been thinking about your theory ever since, but i don't credit it asciilifeform. for one thing, it's unstable. seriously, supernode and miniminer ? it'd get torn apart.
Mon Mar 07 23:20:20 UTC 2016 <mircea_popescu> in a sense.
Mon Mar 07 23:20:09 UTC 2016 <mircea_popescu> you think you're running a node, because, symptomatically, in the windows definition of running code (hey, click items till it works) you are. but the sense of running code contemplated for bitcoin is negative, not positive, and you don't know how to check for that nor do you specifically care.
Mon Mar 07 23:19:06 UTC 2016 <mircea_popescu> or if you prefer, see phf's example with "my friend, the kgb agent"
Mon Mar 07 23:18:55 UTC 2016 <mircea_popescu> davout i don't think you take my meaning. the situation that you imagine is, "hey, whatever, summertime and a bunch of us are at the beach". the situation in reality is, "a moroccan clan and some fat frenchies at the beach". guess how likely you are to a) find out the price of dried fruit and b) find out that you aren't finding out the price of dried fruit.
Mon Mar 07 23:16:45 UTC 2016 <mircea_popescu> asciilifeform you know, and we for whatever reasons just see the 1 in 100 gunshot.
Mon Mar 07 23:16:10 UTC 2016 <mircea_popescu> davout how do you figure ?
Mon Mar 07 23:15:43 UTC 2016 <mircea_popescu> asciilifeform by this logic tho, are there also 99 bitcoins we don't know about ? 99 linuxen ? 99 gccs that statically link ?
Mon Mar 07 23:13:41 UTC 2016 <mircea_popescu> but anyway, yes, if you believe 1 in 100, they yes, you don't need cartel, just persistent miner.
Mon Mar 07 23:11:54 UTC 2016 <mircea_popescu> i had been watching. this, and many other things.
Mon Mar 07 23:11:36 UTC 2016 <mircea_popescu> i've been watching. this is 1.5 to maaaaybe 2.
Mon Mar 07 23:11:12 UTC 2016 <mircea_popescu> and if it doesn't find a block that day ?
Mon Mar 07 23:11:03 UTC 2016 <mircea_popescu> "pet miner". if pet miner has 1% of hash, the observed phenomena occur 1% of cases.
Mon Mar 07 23:10:46 UTC 2016 <mircea_popescu> specifically the "sudden mining of an old 0fee tx" ? how ?
Mon Mar 07 23:10:16 UTC 2016 <mircea_popescu> asciilifeform when you say "it is not supported", what do you mean ?
Mon Mar 07 23:09:54 UTC 2016 <mircea_popescu> specifically because it allows them the only possible moat against competition
Mon Mar 07 23:09:44 UTC 2016 <mircea_popescu> and there are VERY GOOD game theoretic reasons for a miner cartel to do this.