| 08:05:14 | wolfe.freenode.net: | topic is: This channel is is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja |
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| 08:36:30 | c0rw|zZz: | c0rw|zZz is now known as c0rw1n |
| 12:26:24 | LeMiner2: | LeMiner2 is now known as LeMiner |
| 15:50:39 | zooko```: | zooko``` is now known as zooko |
| 19:44:57 | fluffypony: | http://www.cbc.ca/news/technology/academic-publishers-reap-huge-profits-as-libraries-go-broke-1.3111535 |
| 19:45:11 | fluffypony: | science undergoing a 51% attack :-P |
| 20:29:47 | jcorgan: | lol |
| 20:51:01 | jps_: | jps_ is now known as jps |
| 21:57:18 | leakypat: | Was thinking about full nodes and the fact that an ever decreasing number of people use always on PCs at home anymore |
| 21:58:39 | leakypat: | People use laptops instead and so node is on/off line depending on what they are doing |
| 21:59:20 | leakypat: | Apple managed to sell those Timemachine boxes a few years back as a wifi station / backup solution |
| 22:00:21 | leakypat: | Being able to buy a stand-alone full node in non intrusive hardware box might be a solution |
| 22:02:50 | phantomcircuit: | leakypat, unfortunately people doing that are consistently producing underpowered systems |
| 22:03:16 | kanzure: | isn't that just increasing the attack surface for at-home consumer electronics and wallet storage stuff |
| 22:04:22 | phantomcircuit: | amusingly none of them would work with > 1MB blocks within about 6 months |
| 22:04:27 | leakypat: | kanzure: you mean interns of back-dooming the hardware device? |
| 22:04:43 | kanzure: | a backdoor installed by an intern? yea that too |
| 22:04:55 | phantomcircuit: | lol |
| 22:05:02 | leakypat: | Oops |
| 22:05:33 | leakypat: | Same issue with everyone running nodes on cloud services though |
| 22:06:19 | phantomcircuit: | leakypat, i think you can build something that would be reasonable as an always on system for about $500 |
| 22:06:33 | phantomcircuit: | if the system isn't truly always on though the cost goes up rapidly |
| 22:06:52 | phantomcircuit: | since the performance of the system is now 1:1 correlated with how long it takes after startup for it to be useful |
| 22:07:13 | phantomcircuit: | afaict people are targetting $100 or so |
| 22:07:13 | leakypat: | phantomcircuit: something eg a business accepting Bitcoin can install and forget about? |
| 22:07:16 | phantomcircuit: | which isn't going to work |
| 22:07:29 | phantomcircuit: | leakypat, as long as it's actually online all the time |
| 22:07:30 | phantomcircuit: | it's fine |
| 22:07:37 | kanzure: | leakypat: so far i can't think of any reasons why you should install that equipment (especially if you are not using the self-validation benefits) |
| 22:07:44 | phantomcircuit: | if they turn it off at night or whatever then it's going to get more expensive fastish |
| 22:07:46 | leakypat: | Yeah $100 sounds right :( |
| 22:08:08 | leakypat: | kanzure: incentives to run one? |
| 22:08:49 | leakypat: | kanzure: I'm thinking about packaging with a wallet business package or home "money" system |
| 22:09:13 | kanzure: | ah okay, so something left of "apocalypse banking kit" |
| 22:09:16 | kanzure: | er, right of |
| 22:09:29 | leakypat: | Hehe |
| 22:10:06 | phantomcircuit: | leakypat, you cant even buy a decent processor for $100 |
| 22:10:36 | kanzure: | would be nice to have an "apocalypse banking kit" that did coinjoin and lightning network hub hubbing stuff |
| 22:10:50 | phantomcircuit: | $100 gets you a very slow arm soc on a board with usb ports, sdcard, and ethernet |
| 22:11:03 | kanzure: | or torrenting-for-fee stuff and tor-for-fee stuff (was the pay4tor stuff safe?) |
| 22:11:05 | phantomcircuit: | with an sdcard that is only big enough for maybe 6 months |
| 22:11:40 | phantomcircuit: | i guess if those had pruning and were actually online 24x7 maybe they could work |
| 22:13:02 | leakypat: | Or some way to add remote storage? |
| 22:14:19 | kanzure: | well, i think those problems are still up in the air regarding sybil and fairness |
| 22:18:20 | leakypat: | Or some scheme where every computer science university department runs an always on full node |
| 22:19:24 | leakypat: | I guess the real problem is incentive to run one :/ |
| 22:19:37 | phantomcircuit: | leakypat, that's more or less useless |
| 22:19:58 | phantomcircuit: | there's more than enough bandwidth to push the blockchain to peers |
| 22:20:17 | phantomcircuit: | which is the only thing that cs dept would be useufl for |
| 22:21:17 | leakypat: | Yeah, I see |
| 22:22:17 | kanzure: | and if there was some monetary incentive then there might be policy reasons against operating that node in an official capacity by those departments anyway |
| 22:34:28 | leakypat: | The decline in the number of nodes... What do you see as the profile of the person who stopped running the node? |
| 22:35:18 | leakypat: | Eg. Enthusiast who got tired of running it on his pc and just stuck an SPV wallet on his phone instead ? |
| 22:35:54 | leakypat: | The general churn of Bitcoin users so the wallet options are not full nodes anymore for new entrants? |
| 23:08:32 | fluffypony: | OT: https://www.indiegogo.com/projects/greek-bailout-fund |
| 23:22:20 | phantomcircuit: | leakypat, there was a period in which anybody who showed up would be told to run multibit |
| 23:22:24 | phantomcircuit: | that was a mistake |
| 23:22:55 | leakypat: | Multibit is SPV ? |
| 23:23:33 | leakypat: | I see it is |
| 23:35:21 | jps_: | jps_ is now known as jps |