#asciilifeform | 2021-06-11

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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

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00:00	*	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
00:01	asciilifeform	it'd be like opening a barber shop, but with substantial additional expense/risk. what's better about yours than the 1e8 competing ?
00:02	mats	the prediction market aspect of bbet was very appealing
00:02	asciilifeform	does anyone even know which of the 1e8 clones of sdice is 'king' atm ? or why ?
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00:03	asciilifeform	mats: what do you find unsatisfying in the currently-existing prediction markets ?
00:03	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.
00:03	mats	i'm not aware of real ones available to us customers
00:03	mats	theres fiat toys like predictit for academic purposes, and augur on ethereum
00:03	asciilifeform	mats: iirc there were several denominated in btc that didn't very hard where on the planet you are
00:04	asciilifeform	*didn't ask
00:04	*	trinque still not clear why there needs to be a "the" in the architecture of a betting network
00:04	trinque	better to have a reputation network where oracles compete to call bets
00:05	asciilifeform	^
00:05	mats	i'm familiar with some of the btc bookmakers but thats not the same thing
00:05	trinque	which brings me back to http://logs.nosuchlabs.com/log/asciilifeform/2021-06-10#1038719
00:05	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.
00:06	mats	(they select the spread, for example)
00:06	trinque	there's a curious problem with decentralized systems where they appear to require self-immolation to bootstrap
00:07	asciilifeform	trinque: maybe i'm thick, but who was it who had to self-immolate to get bitcoin going in '09 ?
00:07	trinque	what, you get to use absolutist terms but not me?! haha
00:07	asciilifeform	lol
00:08	trinque	consider satoshi's wallet, or the counter-example of buterin
00:08	asciilifeform	hm?
00:09	asciilifeform	trinque: is contention here that a 'living' satoshi would have been fatal for takeoff ?
00:09	asciilifeform	(observe that he aint dead, only 'schroedinger's'-dead, incidentally)
00:09	trinque	I consider that one of the most dangerous things about ethereum in contrast, second perhaps to the complexity of the software turd itself
00:10	asciilifeform	which 'that' ?
00:10	trinque	buterin wants to rollback the DAO hack; he does
00:10	asciilifeform	a
00:10	trinque	that there is a buterin in the social system called ethereum
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00:10	asciilifeform	this'd be simply because etherism aint in any actual sense decentralized, however
00:10	trinque	satoshi either conveniently died or is an old kind of statesman whose work was more important than his cock
00:10	trinque	to this, forever hats off
00:11	trinque	asciilifeform: perhaps. it's hard to know what a provable satoshi would do to the direction of BTC if he emerged today
00:12	asciilifeform	trinque: maybe surprisingly, i suspect ~0
00:12	*	trinque bb shortly, food
00:13	asciilifeform	i suspect also that 'satoshi' aint dead, but simply has ~0 to gain from 'appearing' (and much to lose)
00:13	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