#pest | 2022-09-15

i also found out about https://www.bitrefill.com/refill/?hl=en <-- lets you renew local costa rica phone number data with bitcoin payments. works well

08:24

PeterL

oh, hi whaack

08:24

billymg & awt ^

~ 23 minutes ~

08:47

PeterL: What you up to now adays?

~ 2 hours 35 minutes ~

11:23

awt

I used to use bitrefil.

11:35

PeterL

I've been pretty busy with day job, running kids around town in the evenings (all four of them are in sports)

~ 1 hours 3 minutes ~

12:38

asciilifeform

wb whaack

~ 56 minutes ~

13:34

billymg

hey whaack, wb

13:34

billymg

sounds cool, i've still yet to visit

~ 42 minutes ~

14:17

*

asciilifeform rolled back to 9973

14:30

whaack: isn't clear that waiting 10min for an in-person transation will ever work. something approximating lightning isn't even a bad idea, though there's no reason it had to rely upon segwit.

14:32

*transaction

14:36

signpost: i don't think the issue is waiting 10 mins. i think the issue is the tx fee. i say this because i don't think merchants are going to lose too much money because of their clients double spending.

14:36

*

signpost has some insight into e.g. credit card network fraud rates

14:36

i think the easy solution is just custodial bitcoin for low value transactions

14:37

it's not negligible in that while it may be uncommon, the merchant that gets hit with the unexpected is fucked

14:37

yep, proper solution looks not unlike the traditional model: a network of custodians with more incentive to collaborate than defect.

14:38

that's basically what is happening in CR's "Bitcoin Jungle"

14:39

re: fraud rates smaller merchants operate narrower margins so uncommon-but-costly events can still kill 'em off

14:42

whaack: did you happen to ask anybody how they feel about accepting buttcorns vs usd or colones? just curious

14:43

what are they saving in?

14:44

signpost: yes i spoke to 1 business owner. he said that the btc volume is low and so he just saves any btc profits in btc. he said if he ever needed to he would sell btc to cover costs, but for now he is stacking the volume he gets.

14:44

pretty cool

14:45

and from hearsay information i think that is what most are doing

14:45

the cool thing is that the town is all interested in btc, and any time you pay someone with btc they have an immediate use for it

14:49

tbh if one layers a wot atop, why not accept zero-conf txns of low sum.

14:50

*

signpost actually wrote a wot for ethereum, have not done anything with it, just farted it out as an experiment.

14:50

for bitcoin one'd probably put the reputation layer in oh, say pest!

~ 21 minutes ~

15:12

asciilifeform

http://logs.bitdash.io/pest/2022-09-15#1012915 << asciilifeform's algo fwiw.

15:12

Logged on 2022-09-15 14:44:35 whaack[jonsykkel|awt|shinohai]: signpost: yes i spoke to 1 business owner. he said that the btc volume is low and so he just saves any btc profits in btc. he said if he ever needed to he would sell btc to cover costs, but for now he is stacking the volume he gets.

15:12

(asciilifeform) 2022-01-15 asciilifeform: recommends his strategy -- of conducting biz in btc strictly to fill a hodl -- to others, but not under illusion that it is generally applicable

15:17

asciilifeform

http://logs.bitdash.io/pest/2022-09-15#1012908 << considering that there aint such a thing as a portable trb node, one's stuck using ~some~ ersatz or anuther, aha

15:17

Logged on 2022-09-15 14:36:59 whaack[jonsykkel|awt]: i think the easy solution is just custodial bitcoin for low value transactions

~ 4 hours 38 minutes ~

19:55

*

awt is currently "drowning in liquishit" though thankfully at least no javascript.

~ 3 hours 46 minutes ~

23:41

http://logs.bitdash.io/asciilifeform/2022-09-15#1113816 << works as intended, huh

23:41

(asciilifeform) 2022-09-15 copypaste: if no one wants to peer w/me that's fine lol enjoy your secret club i guess, the lack of a default way to peer probably prevents a lot of spam but also makes ur network dead

23:46

http://logs.bitdash.io/pest/2022-09-10#1012640 << i feel like it's traveling around, i went to concert on monday, ended up tearing up my throat from screaming in mosh pit, but now i feel like it slowly transitioned into some kind of mild flu

23:46

Logged on 2022-09-10 13:05:43 billymg: finally caught the vid. nothing terrible but slept like shit last night

23:47

horse girl saw me and said "you got the vid huh, several people got knocked out this week"

23:50

awt and company, can someone make an executive summary of the recent blatta woes? is it related to the address algorithm? in any case i'm going to come back to the subject in the next few days. did the recent discussions potentially change the details of implementation, asciilifeform?