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#b-a student excerpt

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Feb 3rd, 2015
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  1. <the_scourge> what you say we collect the ruins and re-launch using some untried technology
  2. <asciilifeform> what do you mean by 'untried technology'
  3. <the_scourge> i have lots of djvu books, not as good as ascii
  4. <the_scourge> er actually tried.... i mean tribler is using a DHT to disseminate torrents
  5. <asciilifeform> read the logs of #b-a
  6. <the_scourge> which is way cooler than their anonymizing features
  7. <asciilifeform> specifically search for 'erasure code'
  8. <the_scourge> k thanks
  9. <asciilifeform> this idea was floated
  10. <asciilifeform> and might happen at some point
  11. <asciilifeform> but the current objective re: bitcoind is to clean up the original, pedigreed satoshi-era sources
  12. <asciilifeform> that can be trusted
  13. <asciilifeform> and then work from there.
  14. <the_scourge> so what if we get 2,000 clean copies running on pogo boards all over the world. what if everything else gets compromised? we'll still have something left over which doesn't have to be walked away from?
  15. <asciilifeform> aha.
  16. <asciilifeform> you read molbug, aha?
  17. <asciilifeform> recall his 'battery' analogy
  18. <the_scourge> oh, i've only read the economics stuff once
  19. <the_scourge> but, yes
  20. <asciilifeform> when folks exchange things other than coin, for coin, they 'charge the battery'
  21. <the_scourge> yup
  22. <asciilifeform> let's say there were two stable isotopes of Au
  23. <the_scourge> and the jews basically keep the overnight value
  24. <asciilifeform> and at the moment there was no sense in distinguishing the two
  25. <the_scourge> ok.
  26. <the_scourge> yup
  27. <asciilifeform> then - alchemists discover how to create Au-A from lead
  28. <asciilifeform> but not Au-B
  29. <asciilifeform> which is now the monetized gold ?
  30. <the_scourge> Au-B
  31. <asciilifeform> QED.
  32. <asciilifeform> is this becoming any clearer ?
  33. <the_scourge> woah.....
  34. <the_scourge> wtf
  35. <the_scourge> you're actually saying ... that the destroyed coins would cause the Au-B strain to go up in value?
  36. <asciilifeform> the debased coins
  37. <the_scourge> and... yes obviously it woudl
  38. asciilifeform> would it bother you if i pastebinned this explanation?
  39. <asciilifeform> i think others may benefit from it
  40. <the_scourge> please do
  41. <the_scourge> my mind is ... hurting a little, just trying to work out some things
  42. <the_scourge> but it's VERY clear, thank you
  43. <the_scourge> like... crystal clear
  44. <asciilifeform> my pleasure.
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