Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
Peter Lambert
on 08/03/2013, 22:03:05 UTC
Would you mind de-listing S.DICE temporarily to encourage shareholders to put pressure on the site operators to stop taking advantage of the block chain during this critical stage of Bitcoin growth? I know this might go against your short term financial interests but really if you stop to think about it, the "startup capital" of the Bitcoin network (gmaxwell's terminology for the currently unused space in each block) is going to unproductive activity which does not grow the Bitcoin economy.

The approach proposed is fundamentally flawed in multiple places.

First and foremost, the only reasonable authority in Bitcoin is derived through the working of
contracts. Put another way this states that the power of "a collective", ie a group of users no
 matter how large to dispose for the future is nil. Put in yet another way, Bitcoin is not a
democracy, but a republic.

Secondly, and just as importantly : the current codebase is broken beyond belief. As explained
in an earlier Trilema article, the main problems Bitcoin faces currently come from the general
inability and ineptitude of the de facto dev team. These problems are a. that users can not
create arbitrary size transactions up to the size of one full block ; b. that the client does
not correctly select the best possible combination of available inputs to feed a list of
arbitrary outputs. More generally speaking the codebase is replete with magic numbers, which is
no way to code. The fact that a 7Gb download takes an hour if we're talking a movie and a week
if we're talking the blockchain - especially considering that the average torrent rarely has
over 100 seeders and the Bitcoin blockchain rarely has under 1k - is further testament to the
utter inability of the core team.

Please you idiots, fix the codebase. If you can't do that, go away.


Very nice response. It was fun to read.