Gold collapsing. Bitcoin UP. - page 475.

ElectricMucus

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Quote from: hdbuck on March 02, 2015, 01:07:49 PM

Quote from: ElectricMucus on March 02, 2015, 01:01:33 PM

Quote from: hdbuck on March 02, 2015, 12:56:42 PM

-snip-

I could get 4pcs 64GB microSD cards below $100 each two years ago. For the third and last time moores law is about cost per transistor (Which is analogous to cost per flash cell).

the 4 x 64GB would not have the same transistors density (since split into 4 separate sd cards) as the 200GB. ergo moore's law.

Ergo you don't understand moores law, but it's not your fault education has failed you.

nuff said

cypherdoc

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Quote from: Erdogan on March 02, 2015, 01:07:06 PM

Quote from: cypherdoc on March 02, 2015, 12:20:16 PM

Quote from: Erdogan on March 02, 2015, 11:54:19 AM

Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.

To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.

not sure what you're trying to get at but that would be totally unworkable. that sole miner would have 100% of the consensus which would allow unfettered rewriting of the entire BC if he so wished. the community has to prevent any such tampering and the only way to do that is to distribute the ledger across space and across many different miners to enforce against that type of cheating.

Sure, but the purpose with this one is not to be money, just to create a tamper proof history. Add distributed mining on a small scale to make the system relatively failsafe.

how much distribution? 10 nodes, 20 nodes, 100 nodes? how do you motivate them to process the documents? how do they get paid? or do the volunteer miners have a collective interest to "do it for free" which then puts into question the possibility of collusion for fraudulent purposes?

cypherdoc

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Finally, this is one more demonstration that proposals to require telecommunications providers and device manufacturers to build law enforcement backdoors in their products are a terrible, terrible idea. As security experts have rightly insisted all along, requiring companies to keep a repository of keys to unlock those backdoors makes the key repository itself a prime target for the most sophisticated attackers—like NSA and GCHQ. It would be both arrogant and foolhardy in the extreme to suppose that only “good” attackers will be successful in these efforts.

http://www.cato.org/blog/how-nsa-stole-keys-phone?utm_content=buffer4a05b&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

hdbuck

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Quote from: ElectricMucus on March 02, 2015, 01:01:33 PM

Quote from: hdbuck on March 02, 2015, 12:56:42 PM

Quote from: ElectricMucus on March 02, 2015, 12:31:25 PM

Quote from: hdbuck on March 02, 2015, 09:56:17 AM

More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

That's not cost scaling, what Moores Law is about. (The costs per transistor go down as time progresses)
If anything it hints in the same direction we are already seeing, higher density is becoming more expensive than low density. (Based on price / transistor count)

well, no, it is exactly what moore's law is about: this same 200Gb micro SD woulda cost about 2 times more 2 years earlier..
plus you can also blame it on the inflation for today's price.

I could get 4pcs 64GB microSD cards below $100 each two years ago. For the third and last time moores law is about cost per transistor (Which is analogous to cost per flash cell).

the 4 x 64GB would not have the same transistors density (since split into 4 separate sd cards) as the 200GB. ergo moore's law.

Erdogan

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Quote from: cypherdoc on March 02, 2015, 12:20:16 PM

Quote from: Erdogan on March 02, 2015, 11:54:19 AM

Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.

To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.

not sure what you're trying to get at but that would be totally unworkable. that sole miner would have 100% of the consensus which would allow unfettered rewriting of the entire BC if he so wished. the community has to prevent any such tampering and the only way to do that is to distribute the ledger across space and across many different miners to enforce against that type of cheating.

Sure, but the purpose with this one is not to be money, just to create a tamper proof history. Add distributed mining on a small scale to make the system relatively failsafe.

cypherdoc

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silver leading to the downside; again. i'd like to see this cycle break to new lows:

ElectricMucus

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Quote from: hdbuck on March 02, 2015, 12:56:42 PM

Quote from: ElectricMucus on March 02, 2015, 12:31:25 PM

Quote from: hdbuck on March 02, 2015, 09:56:17 AM

More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

That's not cost scaling, what Moores Law is about. (The costs per transistor go down as time progresses)
If anything it hints in the same direction we are already seeing, higher density is becoming more expensive than low density. (Based on price / transistor count)

well, no, it is exactly what moore's law is about: this same 200Gb micro SD woulda cost about 2 times more 2 years earlier..
plus you can also blame it on the inflation for today's price.

I could get 4pcs 64GB microSD cards below $100 each two years ago. For the third and last time moores law is about cost per transistor (Which is analogous to cost per flash cell).

hdbuck

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Quote from: ElectricMucus on March 02, 2015, 12:31:25 PM

Quote from: hdbuck on March 02, 2015, 09:56:17 AM

More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

That's not cost scaling, what Moores Law is about. (The costs per transistor go down as time progresses)
If anything it hints in the same direction we are already seeing, higher density is becoming more expensive than low density. (Based on price / transistor count)

well, no, it is exactly what moore's law is about: this same 200Gb micro SD woulda cost about 2 times more 2 years earlier..
plus you can also blame it on the inflation for today's price.

cypherdoc

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lebing

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Enabling the maximal migration

Quote from: cypherdoc on March 02, 2015, 12:20:16 PM

Quote from: Erdogan on March 02, 2015, 11:54:19 AM

Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.

To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.

not sure what you're trying to get at but that would be totally unworkable. that sole miner would have 100% of the consensus which would allow unfettered rewriting of the entire BC if he so wished. the community has to prevent any such tampering and the only way to do that is to distribute the ledger across space and across many different miners to enforce against that type of cheating.

indeed. not to mention being incredibly vulnerable to DDOS/ hacking, etc.

ElectricMucus

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Marketing manager - GO MP

Quote from: hdbuck on March 02, 2015, 09:56:17 AM

More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

That's not cost scaling, what Moores Law is about. (The costs per transistor go down as time progresses)
If anything it hints in the same direction we are already seeing, higher density is becoming more expensive than low density. (Based on price / transistor count)

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: Erdogan on March 02, 2015, 11:54:19 AM

Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.

To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.

not sure what you're trying to get at but that would be totally unworkable. that sole miner would have 100% of the consensus which would allow unfettered rewriting of the entire BC if he so wished. the community has to prevent any such tampering and the only way to do that is to distribute the ledger across space and across many different miners to enforce against that type of cheating.

cypherdoc

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Quote from: Erdogan on March 02, 2015, 11:47:19 AM

Quote from: cypherdoc on March 02, 2015, 09:37:00 AM

This is the concept I have been trying to push for a long time especially as it relates to UST's. I think it's accurate and this guy agrees:

In other words, we’ve reached the limit of what can be accomplished and with NIRP creating new market perversions on an almost daily basis, the unintended consequences of continuing to delve deeper into the new paranormal are making the game ever more dangerous as we now ow have central banks accidentally creating deflation while simultaneously embedding enormous amounts of risk in fixed income markets by sapping every last vestige of liquidity.

http://www.zerohedge.com/news/2015-03-01/are-central-banks-creating-deflation

It is in there, but it could be said simpler: Fucking with the interest rate produces distortions in the investment signals, therefore a misadapted capital structure, which means lower prosperity.

you're right. i left out the word "f*cking".

cypherdoc

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Quote from: hdbuck on March 02, 2015, 09:56:17 AM

More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

extraordinary. meanwhile:

Gold collapsing. Bitcoin UP.

Erdogan

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Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.

To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.

Erdogan

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Quote from: cypherdoc on March 02, 2015, 09:37:00 AM

This is the concept I have been trying to push for a long time especially as it relates to UST's. I think it's accurate and this guy agrees:

In other words, we’ve reached the limit of what can be accomplished and with NIRP creating new market perversions on an almost daily basis, the unintended consequences of continuing to delve deeper into the new paranormal are making the game ever more dangerous as we now ow have central banks accidentally creating deflation while simultaneously embedding enormous amounts of risk in fixed income markets by sapping every last vestige of liquidity.

http://www.zerohedge.com/news/2015-03-01/are-central-banks-creating-deflation

It is in there, but it could be said simpler: Fucking with the interest rate produces distortions in the investment signals, therefore a misadapted capital structure, which means lower prosperity.

hdbuck

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More Moore!

SanDisk unveils 200 GB Micro SD to meet storage requirements of Smartphones at MWC2015:
http://www.techworm.net/2015/03/sandisk-unveils-200-gb-micro-sd-to-meet-storage-requirements-of-smartphones-at-mwc2015.html

cypherdoc

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This is the concept I have been trying to push for a long time especially as it relates to UST's. I think it's accurate and this guy agrees:

In other words, we’ve reached the limit of what can be accomplished and with NIRP creating new market perversions on an almost daily basis, the unintended consequences of continuing to delve deeper into the new paranormal are making the game ever more dangerous as we now ow have central banks accidentally creating deflation while simultaneously embedding enormous amounts of risk in fixed income markets by sapping every last vestige of liquidity.

http://www.zerohedge.com/news/2015-03-01/are-central-banks-creating-deflation

Erdogan

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Look what is at the top of the Trouble Currencies Watch list: (Sadly, it is a bit old)

http://www.cato.org/research/troubled-currencies-project-watch-list

Fun times!

smooth

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Quote from: sickpig on March 02, 2015, 05:50:31 AM

Quote from: cypherdoc on March 01, 2015, 04:40:19 PM

Continued mining decentralization:

Sure you're right.

Nonetheless, from the same blog post, a more worrisome observation:

Quote from: organofcorti http://organofcorti.blogspot.co.uk/2015/03/march-1st-2015-block-maker-statistics.html

Chinese pools control more than half the network

To be exact, pools identifying as Chinese contributed 52.8% of the networks blocks, with a 95% confidence interval of
approximately +/- 8.5%. The top four pools are all Chinese. This shouldn't be surprising, since most (all?) bitcoin mining
chips are fabricated there and much of the development appears to be Chinese as well.

My concern with this development is the same as if that much of the network was concentrated in any nation - what happens
to the network if the government decides to take an interest? Some pools have some of their equipment outside China, but
even so that still leave a large proportion of the network that could be controlled by one government.

I'm sure the Chinese pools are aware of this and have strategies in place to mitigate this risk, and I'd encourage them to
start moving at least some infrastructure to other countries.

emphasis' mine.

I'd also note that at the 50% level, that graph hasn't changed so much over the years. It has fluctuated between 2-3 pools almost if not entirely (very recently its >3 but who knows how long that lasts). At the 75% level there is more change, but that's not entirely encouraging on its face. 75% is too high a threshold for decentralization.

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