19:06 < Jankxed> slicedice: the real solution is to make transactions go off chain
19:06 < lnovy> Jankxed: lol
19:06 < lnovy> Jankxed: offchain transactions are not transactions
19:06 < lnovy> that's what mtgox was doing
19:07 < Jankxed> you really think you know everything don't you, enve you've been wrong so many times so far, you were backing mark up a few weeksd ago, you were saying gox would be bought 2 weeks ago, then you read more and changed your view.
19:08 < Jankxed> Lnovy:
19:08 < lnovy> emma: that's not a transaction... you don't transfer right to move the coin with transaction... you destroy old coins and create new ones with transaction
19:08 < lnovy> Jankxed: there are facts and there are hypothesis
19:09 < lnovy> with mtgox there are mostly hypothesis
19:09 < lnovy> with bitcoin, they are facts
19:09 < Jankxed> lonvy: you only seem to like the "facts" that back up your opinions
19:10 < Jankxed> off blockchain transactions have the potential to be done at a fraction of blockchain costs is my understanding , again, i'm always willing to be wrong, but just sayong lol, isn't really proving me wrong.
19:11 < lnovy> Jankxed: I like the fact, that every fact will be disproved...
19:11 < lnovy> http://en.wikipedia.org/wiki/Historical_revisionism_(negationism)
19:12 < Jankxed> slicedice: off blockchain transations don't need a massive network to verify those transactions, hence, the cost is tiny in comparison.
19:13 < lnovy> http://en.wikipedia.org/wiki/Falsifiability
19:13 < lnovy> Popper on you...
19:14 < Jankxed> off chain just means that transactions are carried out locally , then reconsiled with the blockchain only when needed, i.e. when they leave that local transaction server or group of servers
19:15 < lnovy> Jankxed: that's centralisation and goes against the principle of bitcoin... you dismiss all pluses of bitcoin and add no others
19:16 < Jankxed> lonvy: it doesn't have to be centralised
19:16 < lnovy> mtgoxOPENsoon: we don't know that, but the person who assert this is a proven lier.
19:16 < Jankxed> who said it had to be centralised??
19:17 < lnovy> mtgoxOPENsoon: beware, he's a "laywer"
19:17 < Jankxed> Lonvy: why don't you read up on OT
19:17 < Jankxed> lovny: before you talk shite
19:18 < lnovy> Jankxed: off chain transactions are not transaction... they are not secure
19:18 < Jankxed> lonvy: wrong afgain
19:19 < Jankxed> lonvy: google Open transactions, do some reading
19:23 < lnovy> Jankxed: it's broken because it's centralized... you are then trusting a single point of failure instead trusting the chain... all features described can be done in-chain
19:24 < Jankxed> lonvy: what are yuo tlaking about? it's not centralised, try reading more, i promise you, it is not centralised
19:26 < Jankxed> lovny: would you like me to dig up some links to prove it?
19:26 < lnovy> Jankxed: no... you tell me, what OTX has that cannot be done in chain and I will disprove it
19:27 < Jankxed> lovny: i can't do as good a job as the links
19:28 < lnovy> Jankxed: I found no feature that OTX offers and cannot be done in chain... so I need to send no link to such feature
19:29 < Jankxed> lonvy: maybe gmaxwell can help you, i don't know if he has an opinion on it mind.
19:29 < lnovy> Jankxed: you are proposing that there is something better that needs to be done outside of chain... what it is?
19:30 < Jankxed> lonvy: faster scalable transactions, less cost of transactions, frees up the blockchain
19:31 < Jankxed> lovny: micro paymrents
19:32 < lnovy> Jankxed: micro payments: https://en.bitcoin.it/wiki/Contracts#Example_7:_Rapidly-adjusted_.28micro.29payments_to_a_pre-determined_party
19:32 < lnovy> Jankxed: transactions are "free" in bitcoin, you cannot go lower than that
19:32 < Jankxed> slicedice: no , not exactly, not a private blockchain, and it's not my idea, its a fact, it's called OT.
19:32 < lnovy> Jankxed: freeing up the blockchain doesn't make any sense, since autoregulation of doing so is already in
19:33 < lnovy> Jankxed: and you can have always transaction that are instant... they are just not secure... these two things are not compatible with network decentralisation
19:35 < Jankxed> lonvy: just read the info, then comment.
19:35 < lnovy> Jankxed: what info?
19:36 < Jankxed> lonvy; oh yeah, i forgot, you said you didn't want me to look for links, well, i guess you made your mind up by yourself then.
19:36 < lnovy> Jankxed: where the fuck I said that?
19:37 < lnovy> Jankxed: learn to read man
19:39 < Jankxed> lonvy: you are such an arsehole
19:39 < lnovy> Jankxed: quote me, where did I said I don't want you to look for links. Do it.
19:40 < Jankxed> lonvy: look back at 18;26
19:40 < lnovy> lnovy> Jankxed: I found no feature that OTX offers and cannot be done in chain... so I need to send no link to such feature // LEARN TO READ, IDIOT
19:48 < lnovy> Jankxed: you should now apologise
20:00 -!- Jankxed [[email protected]] has left ##mtgox-talk []
20:02 -!- Jankxed [[email protected]] has joined ##mtgox-talk
20:05 < Jankxed> lnovy: did you read my pm? I had trouble with my irc. It's you who needs to apologise dude.
20:07 < lnovy> i hate this game
20:07 < lnovy> Jankxed: what pm? I recieved any from you
20:07 < lnovy> Jankxed: stop trolling
20:07 < lnovy> faouanima: \o/
20:08 < faouanima> lnovy, heavy?
20:09 < lnovy> faouanima: ~350 ghs of sha256²
20:09 < Jankxed> 	1.	14:25:48 < Jankxed> lovny: would you like me to dig up some links to prove it?
20:09 < Jankxed> 	3.	14:26:01 < sliceDice> until its done in the coryts and proof exists
20:09 < Jankxed> 	4.	14:26:15 < lnovy> Jankxed: no... you tell me, what OTX has that cannot be done in chain and I will disprove it
20:09 < Jankxed> lovny: you are a dick.
20:09 < faouanima> lnovy, SHA i am at 3TH and waiting for 18TH from KNC
20:09 < lnovy> enough
20:10 -!- mode/##mtgox-talk [+o lnovy] by ChanServ
20:10 -!- mode/##mtgox-talk [+b *!*[email protected].*] by lnovy
20:10 -!- Jankxed was kicked from ##mtgox-talk by lnovy [5 minutes]
20:10 <@lnovy> faouanima: I also have knc
20:10 <@lnovy> faouanima: I came to know how to overclock it myself =)
20:12 <@lnovy> faouanima: lulz :D
20:15 -!- mode/##mtgox-talk [-b *!*[email protected].*] by lnovy
20:15 -!- mode/##mtgox-talk [-o lnovy] by lnovy
20:17 < lnovy> fsck! i just poured almost an 8ball of K to my keyboard :/
20:17 < faouanima> emma, <Jankxed> lovny: you are a dick. when i saw that i understood he gonna get kicked
20:17 < B0g4r7> lnovy, part of a complete breakfast!
20:17 < lnovy> emma: he was clearly trolling...
20:18 < lnovy> he on purporse misread my lines, then blame it on problem in irc and used ad hominem nonargument... trolling
20:18 -!- Jankxed [[email protected]] has joined ##mtgox-talk
20:19 < faouanima> emma, lnovy have no feelings he just enjoy the kick
20:19 < lnovy> faouanima: yeah, I felt great! :)
20:20 < Jankxed> lovny; so you got on your little power trip and kicked me because i proved you wrong, nice.
20:20 < lnovy> and... I like how you presume that without feelings I enjoy something... you know... without feelings... I start to feel lonely pretty fast...
20:21 < lnovy> Jankxed: use /nick Troll
20:21 < emma> lnovy, Jankxed lets try to be kind to one another. Both of you are intelligent men with strong opinions. Try to be friends.
20:21 < [\\\]> sorry lnovy, I already grouped it.
20:21 < Jankxed> lovny: it's there on the logs , are you blind?
20:21 < lnovy> [\\\]: :(((
20:22 < [\\\]> hey Jankxed, still trolling?
20:22 < lnovy> emma: just read our convo, you will get it :)
20:23 < lnovy> emma: he's either a troll or an idiot.... I prefer the former one...
20:24 < lnovy> phat blunt +1 <3
20:24 < Jankxed> lovny: i asked you if you wanted me to send you a link , you replied "no" it's you who are an idiot