68d 9h 39m

asciilifeform: having said this, ~very~ good odds that the list of proposed 'cement' hashes asciilifeform published at one time, contains orphaned blox.
asciilifeform: (no one ever used this item for anyffin, or would've noticed)
trinque: ftr trinque still grasps for exactly what business he'd run *in* BTC, and will be the first to say when otherwise.
asciilifeform: trinque: i.e. 'in' as in $item priced strictly in btc w/out ref. to reichsmarks ?
asciilifeform: (or sumthing moar specific?)
trinque: strictly in btc would be the ideal, of course
trinque: bitbet comes to mind as one of the best to date
asciilifeform: trinque: there's in fact nothing to keep asciilifeform from perma-fixing his isp price sheet in btc. but i'd expect that eventually the customers would barf and go home
asciilifeform: (picture if i'd done this in '19)
asciilifeform: we did a similar thing w/ FG, and it resulted in some laffs
asciilifeform: trinque: maybe i'm thick, but afaik gambling houses are the only possible service where the units do not matter at all.
asciilifeform: errywhere else, you are outputting sumthing other than btc, and users will be sensitive to the ratio and at least vaguely aware of the 'official' exch rate.
trinque: true, but I suppose I have a similar problem if I'm a restaurant serving derpburgers in USD, in that USD meanwhile erodes, but there's not a liquid market for derpburgers to set my prices for me
trinque: tbh your model of publishing the company's pricing equation is in the direction of a solution
asciilifeform: fwiw asciilifeform has a still-standing treasure bounty denominated in btc. (and artifacts priced in same; and prolly elsewhere)
mats: id love to use bitbet again
asciilifeform: mats: i'd luvv to use an ideal 'spherical' bbet with impeccable curator..
asciilifeform: (the original -- not so much)
trinque: in retrospect, ought've deployed a soldier to Antigua instead of UY
asciilifeform: why there?
trinque: favorable regime for gaming, hosts lots of poker etc
asciilifeform: trinque: recall, bbet did not implode because usg anti-gambling police confiscated it..
asciilifeform: ( y'know, rather like how pizarro did not implode because of usg isp censors.. )
mats: ive considered doing a bitbet reboot, but idk anyone interested in running the book
asciilifeform: mats: is the implication that you wouldn't dare to run it yerself?
trinque: bbet wasn't big enough for sauron's lazy eye
mats: i wonder now how many of the props were created by the house (as opposed to walk-ins)
trinque: but in either case, what one could've attracted in Antigua was more investment
asciilifeform: trinque: it aint clear that such a thing needs very much in the way of investment
mats: asciilifeform: i don't think i'm competent to run a book
asciilifeform confesses that he's never felt any interest in running a gambling pit, and not even because 'impossible to escape eye of sauron' (very much possible, supposing yer willing to forgo wot recognition) but because crowded space where ~impossible to get meaningful advantage afaik
asciilifeform: it'd be like opening a barber shop, but with substantial additional expense/risk. what's better about yours than the 1e8 competing ?
mats: the prediction market aspect of bbet was very appealing
asciilifeform: does anyone even know which of the 1e8 clones of sdice is 'king' atm ? or why ?
asciilifeform: mats: what do you find unsatisfying in the currently-existing prediction markets ?
trinque: too absolutist for business. it doesn't fail if it's the 200000th thing on the list that brings in more than spends. but I said bitbet *was*. I don't think I'd reboot that item now.
mats: i'm not aware of real ones available to us customers
mats: theres fiat toys like predictit for academic purposes, and augur on ethereum
asciilifeform: mats: iirc there were several denominated in btc that didn't very hard where on the planet you are
asciilifeform: *didn't ask
trinque still not clear why there needs to be a "the" in the architecture of a betting network
trinque: better to have a reputation network where oracles compete to call bets
asciilifeform: ^
mats: i'm familiar with some of the btc bookmakers but thats not the same thing
trinque: which brings me back to
snsabot: Logged on 2021-06-10 19:39:37 trinque: ftr trinque still grasps for exactly what business he'd run *in* BTC, and will be the first to say when otherwise.
mats: (they select the spread, for example)
trinque: there's a curious problem with decentralized systems where they appear to require self-immolation to bootstrap
asciilifeform: trinque: maybe i'm thick, but who was it who had to self-immolate to get bitcoin going in '09 ?
trinque: what, you get to use absolutist terms but not me?! haha
asciilifeform: lol
trinque: consider satoshi's wallet, or the counter-example of buterin
asciilifeform: hm?
asciilifeform: trinque: is contention here that a 'living' satoshi would have been fatal for takeoff ?
asciilifeform: (observe that he aint dead, only 'schroedinger's'-dead, incidentally)
trinque: I consider that one of the most dangerous things about ethereum in contrast, second perhaps to the complexity of the software turd itself
asciilifeform: which 'that' ?
trinque: buterin wants to rollback the DAO hack; he does
asciilifeform: a
trinque: that there is a buterin in the social system called ethereum
asciilifeform: this'd be simply because etherism aint in any actual sense decentralized, however
trinque: satoshi either conveniently died or is an old kind of statesman whose work was more important than his cock
trinque: to this, forever hats off
trinque: asciilifeform: perhaps. it's hard to know what a provable satoshi would do to the direction of BTC if he emerged today
asciilifeform: trinque: maybe surprisingly, i suspect ~0
trinque bb shortly, food
asciilifeform: i suspect also that 'satoshi' aint dead, but simply has ~0 to gain from 'appearing' (and much to lose)
asciilifeform: say you're him, and 'appear'. 'hey, i wrote that turd! in ms-vs!' nao you have... what ? other than 'over 9000' treasure hunters after yer arse
asciilifeform: one would have to suffer from, literally, at least down's syndrome, to want to stick his cock in this bear trap. it is difficult to picture a less appealing proposition.
asciilifeform: this is why usg has to lavishly pay various derps who they hire for the role. (and still end up with laughably terrible 'talent')
asciilifeform: so, trinque , in this sense i suspect you have the causation backwards.
asciilifeform: i.e. author went into hiding ~because~ bitcoin 'took off'. rather than the reverse.
mats: im curious to see what happens with the new ethereum deflationary policy
asciilifeform: i'll go as far as to say that if someone today signs with 'satoshi's pubkey', asciilifeform will more readily believe that the key was factored or otherwise compromised, than that the signer 'is satoshi'
asciilifeform: mats: i dun follow the subj in realtime, but iirc they recently proclaimed a formal move to permissioned mining
asciilifeform: i.e. full-bore paypalization
mats: yeah lol, sucks for you if you spent $10mn on gpus
asciilifeform: so can't conceive of why mats would find it interesting
asciilifeform: it's yet-another microshitcoin or whichever, there's 'over 9000' of'em
asciilifeform: they aint bitcoin-like even to the degree a traditional shitcoin is.
asciilifeform: 100% plaything of central committee.
mats: i dont hold ethereums or anything, its just mildly interesting to see what happens after a shift in the monetary policy
asciilifeform: mats: already became clear, as trinque pointed out upstack, what it was, when dao rollback
shinohai: mats: their latest tack is that PoS is "Green" and wastes less energy than BTC
asciilifeform: upstack, at the risk of repeating self... imho bitcoin is an example of a piece of shit, from every possible angle, that 'won' from lack of credible alternatives. like microshit's products.
mats: im curious about what will happen to the eth tx volume afterwards, how it could result in parity with btc, what the next monetary policy will be, how this could affect the share price, etc
asciilifeform: shinohai: esp. lulzy, somehow chumps are meant to believe that fiatola banking, precious metals mining and guarding , etc. uses 0 energy..
asciilifeform: ( and see also e.g. )
snsabot: Logged on 2020-05-15 22:24:16 asciilifeform: lru: lemme ask you, do you think the resources that went into making, e.g. hydrogen bomb, were wasted ?
asciilifeform: mats: already i have 0 info re what relation, if any, the nominal exch value of eth etc has to reality, or whether 100% 'wash' trading
asciilifeform: so it could in fact go in whatever direction usg wants it to appear to go.
asciilifeform: in my l1/l2 there is not 1 single person who ever admitted to any substantial operations with ethertardium
asciilifeform: so as far as i'm concerned, ~100% wash
mats: shinohai: one of these days therell be a musk headline about selling tsla's btc for eth
asciilifeform: surely.
asciilifeform: (or even his own proprietary shitcoin, why not, if mavrodi can do it why not musk)
shinohai: Technically he *did* sell some btc for eth, since he bought a bunch of "cumrocket" token on their chain recently.
mats: i read he wants to incorporate a city in tx, so issuing company scrip makes sense
asciilifeform: shinohai: musk plays a very predictable and straightforward role in the usg.spectable -- helping to maintain the volatility.
snsabot: Logged on 2021-06-10 15:07:58 asciilifeform: shinohai: he's 1 of the pins on the crankshaft of the heat engine, simply
snsabot: Logged on 2021-06-10 15:09:36 asciilifeform: 'He also said bitcoin had failed in its supposed role as a replacement for government-backed money, mainly because of its volatility' and guess where the volatility comes from, lol
asciilifeform: *spectacle
asciilifeform: earlier they had zuckerberg etc. doing it
asciilifeform: iirc the 2000s rumoured term for this kinda thing was 'buzzsawing'
asciilifeform: (one of the methods for artificially crashing a price)
asciilifeform: for patient readers, there's a VERY interesting physical analogy.
asciilifeform: ^ device illustrates effect where adding an oscillation to an unstable system can eliminate the instability ~entirely
asciilifeform bbl
asciilifeform: $ticker btc usd
btcinfobot: Current BTC price in USD: $37507.21
asciilifeform: !w poll
watchglass: Polling 17 nodes...
watchglass: : Could not connect!
watchglass: : ( Alive: (0.023s) V=70001 (/ Jumpers=0x1 (TRB-Compat.) Blocks=687165
watchglass: : Could not connect!
asciilifeform: !q seen-anywhere whaack
whaack: asciilifeform: good morning!
asciilifeform: i recall, 685156
asciilifeform: whaack: correct.
whaack: cool, that clears up my confusion from yesterday
asciilifeform: aha!
asciilifeform brb
whaack: right, i'm aware of this one
asciilifeform: (believe or not)
asciilifeform: a ok
asciilifeform: whaack: indeed
whaack: the problem is that takes 1-2 months
asciilifeform: *blocks
asciilifeform: wai so slow?? (where's bottleneck?)
asciilifeform: o(1) but rather fat constant
whaack: gonna step out for a bit, may be back later tn
asciilifeform also bbl

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